The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1898-08-03
STAR OF EMPIRE IS MOVING
IT'S COURSE CLEARLY MARKED
IN NEW YORK J0BBING
So Says Edward d. Jones, of Dow,
Jones q Co., Publishers Of the
Wall Street Journal, who Was
Here Yesterday-E. M. Prouty
Talks About the Crop Prospects
in North Dakota.

Edward D. Jones, Of the firm of
Dow, Jones & Co., publishers of the
Wall Street Journal Of New York, is
in the city. He is on his way to the
Yellowstone and is accompanied by his
family.
Business in New York is very dull"
said Mr.. Jones yesterday to a reporter
for The g Il o b e. For some reason we
have not experienced that wave of
prosperity that seems to have struck
this section. The large wholesale
houses have not increased their BUSH
ness as much as was expected, and
think 1t Is because Western people are
buying their goods now from Western
centers instead of from the East. Chi
cago, st. Louis, st. Paul and Mime
apolis are getting much of the trade
that formerly went to New York. /
believe the excursions which the job
bers in the Western trade centers have
adopted is responsible for much of this.
Retailers are able to get to the distrib-
uting centers like st. Paul at reduced
rates, and they find they can buy goods
as good and cheap as in the East and
consequently Western trade is picking
up at the expense of cities like New
York and Philadelphia.
The Western farmers are paying off
their mortgages, and that shows they
have money, but they are not spending
it in the East as liberally as Of old.
This means that the Western cities are
bound to develop and prosper"
E. M. Prouty, Of ST. Paul, returned
yesterday from North Dakota, where
he has been looking over the crop and
live stock prospects for this fall. Mr..
Prcuty, while residing in ST. Paul,
spends the greater portion Of his time
in the Flickertail state where he has
large stock interests. He said: 1.-THE
crop in Central and Western North Da
kota and in the Red river valley, will
be very large and will bring good re-
turns to the farmers in those sections
particularly. The general harvest sit
uation was never more propit1ous, and
the prospects for a profitable year in
live stock are at present brilliant.
There has been some little hail in
limited localities, and drought in few
sections, yet the extensive acreage will
produce crop this year of general ex-
oellence''
A. w. Warren, of Grand Forks, was
in the city yesterday. Mr.. Warren is
engaged in the investment banking
business and reports that there has
been good demand for money this
summer, secured by farm mortgages
OCcdStOHtu Dy many CT the farmers dc-
curing additional acreage and a large
number Of new settlers who have re-
Gently come to the state
Mr.. Warren says considerable build
ing is being done in Grand Forks, and
the town is once more assuming it's old
time liveliness and energy. A general
ly hopeful feeling exists, and substan-
tial progress has been made in all lines
of industry.
L. H. Mead, Of Shell Lake, Wis, was
in the city yesterday, preliminary to
trip to Porto Rico, where he will spend
two months. Mr.. Mead says he intends
to witness the operations of the Amer
lean troops on Cuban soil before he re-
turns.
G. H. Mcleod and family, of Mis-
soula, Mont, were guests at the Ryan
y sterGay. Mr.. McL2o is the president
of the Missoula Mercantile company,
the largest wholesale grocery and p
vision house in Montana. He is on his
way East on business.
Jeff H. Irish, of Detroit, a prominent
Northern Minnesota attorney, was a
guest at the Windsor yests rday.