Bismarck daily tribune. [volume] (Bismarck, Dakota [N.D.]) 1881-1916, 1912-11-08
City Business Men Depend
UDOn Northwest are Well
Pleased
Prospects From All Sections
Never Better Than This
Year

Never have the prospects for a great
jobbing era been so bright in Mime
apolis as now, says the Minneapolis
Tribune. Never have the prospects
for a record7breaking crop in the north
west been so promising. On n pros.
pect depends the other. TO n un.
acquainted with the situation it would
not cen that grain crops had much to
do with the selling of merchandise in
a great center like Minneapolis. One
might thipk that great fields of wheat
and corn and oats would go on grow
ing just the same in this territory If
there were no pobbing houses in Min.
neapolis and that the jobing houses
would go on selling if there were no
grain fields.
To a certain extent these c~onjec-
lures might be true, but not in a sense
involving conditions at all similar to
those now eXistant. Without the ex-
p~ansive grain raising industry of the
northwest, Minneapolis jobbing houses
never would have reached the SUI
premacy they now enjoy. Without the
cooperation of the jobbers the agri-
culturists would have found it impos-
sible to harvest the immense crops
they have realized in years past. The
jobbing field has grown with the wheat
field: A bad year for one always has
meant a bad year for the other.
Crops Set Pace.
Jobbers admit readily that their ex-
nnOfofinnc for n htr h,cSnncc inOrooco
we've based upon the crop indications.
Even during the midsummer months,
weeks before the harvesting season
had come, the outlook for unusual
grain yields caused a marked advance
in jobbing conditions. The country
buyers, with a feeling of confidence
because Of the general optimism
among the principal wealth produc-
ers, the farmers, began to buy in Min
neapolis. The jobbers in turn pre-
pared for the expected trade by plac.
ing orders with the manufacturing
concerns that supply them. Tone was
added to the business all along the
line.
Thus It is that the jobers of Min
neapolis and the Mariners throughout
the territory depend for commercial
success on the same thing, the crops.
A crop failure means a slump in the
jobbing world and hard times among
the farmers. That is why the jobbers
always en6eavor to please the coun-
try buyer, the man who in turn deals
direct with the farmers. They know
that in SO doing Their are cooperating
with the real business maker of the
northwest, the tiller of the soil.
Basis for Credit.
Proof of that cooperation is found
in the banking strategies Of Mime
apolis. Every year the financial instl-
tutions Of this city set aside huge
sums to take care of the crop move.
ment. Bankers state that the back.
bone Of all business in the northwest
Is the grain field. The largest loans
local banks make are those which go
to finance the movement Of wheat and
lumber. One is made in the fall and
the other In the spring.
At times suhc as this, when unusual
prosperity seems imminent, credit has
muCh 10 40 With both the jObblng bust
ness and the harvesting. The farm.
ers establish credit with the merchant
in their communities and the mer-
chants arrange for credit with the job.
bers. Everything, therefore, is reliant
upon the crops. This years it was esti-
mated that the credit granted by Min
neapoli jobbing houses in their contig-
nous territory reached for into the mil
lions. One large grocery firm gave
credit to the amount of almost $780,.
900.
When the farmers begin to haul
their grain and get returns from the
seasons labor, the money starts to
pour into Minneapolis. The cash
movement has been retarded some
what this year by the rains, which
were general In North Dakota the
early part Of the harvesting period,