The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1898-08-14

The same correspondent whose Interesting,
letter to the stock exchange hssse Of Charles
NfnzesisSimer. & &c. GA Western ,cenditons
was. published In the sMew York Times of
= Sunday has .writteas aAother . to that firm
esNaaaiy. interesting and equally gratifying to
believers in the prosperous state Of affairs
IN the West. This letter, which bears tho
date of Aug. s, says
During the past week 1 have been in the
Red River valley, the famous hard wheat
country, located Ia Minnesota and North
Dakota.
Ine wheat is practically made and cutting
VIII be general next week. ,An enormous
yield is expected and OF Abe quality Many
'neids saw will run from twenty to twenty
ave bushels per acre, and the crop seems
to ,be uniformly good.
ct is commonly stated that Red River Val
ley will produce this year, its largest crop,
and as the valley is some 40 by $50 miles
III extent the outcome viii be lots Of wheat.
Inc weather conditions have been as if made
10 ofoer all through theJseason. 1t is stated
Ihe yield for Minnesota and North and South
dakota will considerably exceed 200, 100000
bushels.
Ihis Northwestern country is very pros
porous and growing rapidly The large crops
of 1897 with Letter prices have made the
people we'll to do and they are In better
financial condition than for years. and now
comes another. big crop and the result will
make this part of the country rich.
During the past two years farming lands,
which didn't feel the depression to any ex-
tent In Minnesota, have risen SO Is per cent
quite generally throughout the state, and
farmers who were paying up to two years
ago per cent for money with per cent
cash commission can now get all they want
at 9 per cent, with per cent commission,
land am told few want to borrow, and that
there Is a dearth Of applications.
IN inns city the president Of one of the
large trust companies told me yesterday
that all the smaller mortgage loans they
coulo get ON city property at per cent
were purchased by people here. and they
couldn't supply the demand; that two-thirds
OF the transactions in real estate purchases
by people here were for cash. It is a great
change, brought about by the necessity Of
the past few years, but wide and important
in it's influence
In Fargo there is not house for rent or
vacant store, and $50 new houses many
or them the best in the city, were built
this past season, besides several new business
blocks. The population of Minnesota which
IN 1850 was 100000 is now estimated at
l,SOo,VoO and l doubt If any state in 1900 will
snow as large a percentage of growth. AS
you know. the st. Paul and Northwest rail-
You'd question will have a very prosperous
year and develop stability and increased
value along with the prosperous country
they serve. They are strictly in 1t for the
coming year, anyway, and must prove cheap
at going prices To sum up, this Western
country, all of it west Of Chicago. is in a
more healthy financial condition than ever
before. and with the 1898 crop to augment
the situation there can be but one outcome
The silver issue. which two years ago was
rampant in this section, is SO dead you never
hear it mentioned.
L have never seen such a basis for rising,
prosperous times, and believe the future is
full of promise and that Wall street will
soon begin to discount it. The Northern Pa
cifc and Great Northern will have an i'm
mense business the coming year. in fact, all
roads In the Northwest will have all they
can do.'-New York Times.