Omaha Daily Bee Newspaper, June 16, 1889, Page 15

1 J — B T T === B THE CONDITION OF TRADE. Monoy Tightening & Littlo and Clearances Greater. INCREASING VASTLY. The Omaha Bank Statement—General Trade Somewhat Lgthargio—Sugar Going Up—Produce Quo- tations Firm. WEALTH *The Financial Situation. @Financial affairs are quict and monotonous. Money Is casy and there is a fair demand from jobbers and manufacturers, who are readily taken care of if the names are right. The opinion seems to be, however, that a tighter market may come before the end of tho summer, though there can not be any great stringency, The country will want money after a while for crop purposes, and balances will decrcase. The clearings for the week amounted to $5,242.166.80, an in- crease of 43.04-100 per cont over the same weok of last yoar. Balances footed §1,430- 454.80. Monoy is easy all over tho country. Call money is quoted in New York city atan average of 2)¢ per cent, while prime mer- cantile paper is placed at 8}§@>sl§ per cent. sixty to ninety days for the former rate and four to six months for the latter. The clear- ings of all the cities of the union for May were £483,250,000 in excess of May, 1880, and the Commercial Chronicle attributes the large increase in the footings to the fact that thero has been sent to market a crop of over seven million bales of cotton, two thousand million bushels of corn, with iron, coal, tex- ‘tile fabrics and a mineral output of large amount, showing that our production is in- creasing and that we are growing to be a very rich country even.if trade is apparently aull ‘The public debt statement shows, at the close of business May 81: Total debt, $1,002,011,408; less cash in the treasury, cash items available for reduction and reserve held for redemption purposes, $570,008,041, leavingz the net debt $1,002,903,552, a decrease during May of 88,702,877, and since Juns 30, 1888, of §72,682,105. Tra Bank of Omaha has filed its state- ment of assets and liabilities with the county clerk, and it is considered a very lame one in financial circles, as most of the surplus assets consist of unproductive und uusalable real estate and wonder is expressed as to how and why they got 8o much farm land so quickly. The first meeting of the creditors is likely to be a stormy one, and it is broadly intimated that the state's attorney way be calied in at the close. General trade is somewhat lethargic and will grow more 8o as we approuch the doj days. Still jobvers say trade is not bad an there is a fair movement 1 wmost lines. Prices are steady and sugar continues to ad- vance—granulated is worth 93@10c, and may ®0 much higher, as it 18 merely a matter of conscience with the trust which has demonstrated its ability to put it where il pleases. ed goods are auiet. Jobbers took packers’ product in ud- vanco last year and carried it at somcthing of a loss, and this yoar thoy said they would let the canners bear the burden, which does not suit the canner so woll us the other way. Turn about is fair play, howev The of- cers of the Bank of Commerce b, taiked of.locating a branch on South Thirteanth street, bnt notiung definite has been decided upon. “The produce markets aro well supplied and perishable stuff is sowewhat lower on uac- count of wurw weather, but shipments have Dbeen quickly taken and quotations are firm. Lemons and oranges have advunced and are very firm. Butter is steady and in good de- mand, and eggs are inclined to udvance. City v'ade and collections are dull. The stocks of wheat and corn at twenty- one leading interior and seabourd markets onst of the rocky mountains, in transit from the west to the seaboard, and afiout on the ocean, destined for Great Britaiu and conti- nental Europo, on the dates named, were as follow! Wheat, bu. Corn, bu United' States east of Rock [} L18,503,000 12,080.000 vided Kingdom 12,640,000 3,760,000 Aflout on ocean—Conti- neutal Europe ....... 1,040,000 Total June 10, 1580, 16,838,000 FPrevious week 5,848,000 Total June 11, 18 Total June 13, 1887, 16,000 The entries of foreign mercbandise at New York during May exceeded last year's figures for the corresponding month, both in fmports and exports. The increase in im- ports amounts to $4,350,517, or exclusive of 8pecie, $4,616,410, und in exports to §),540,133, or oxclusive of specie, to §2,531,047. Tho chief feature of the returns is the increase in lgaulo exports, these being $10,718,343 greater than during the month of April, and §7.018,- 286 greator than during May, 1888, If the growing wheat crop suffers no more injury between now and harvest, und the av- erages given in the government June report are maintained, the Trade Bullctin figures out a yield this yeur of 523,205,000 bushels. \Against an actual production of 415,808,000 bushels in 1888, The fire loss of the United States and Cau- ada for the month of May, compiled by the Now York Commercial Bulletin, reachd a total of nearly $10,000,000, or #700,000 in ex- enss of the losses for May, 1588, The losses for tho first five months of 1880 aggregate 850,513,000, against $57,650,450 for the same period lnst yeur. Refiners have made another advance in sugar and the prices are now on the basis of Q¢ to 040 per pound for granulated. The rapid advance does not appear to check the demund, as the m has come at a time ‘when sugar must be had in large quantities for preserving purposes. The enhanced cost is & scrious matter to fruit preservers, and those who have made contracts for autumn delivery will find their profits lessened if they have not improved the time to pur- s g chase sugar when it was cheaver, In too many cases glucose and ‘‘pat ent sweetener” will probably be used, and the fact that the sale of the latter article has been prohibiwed in portions of Europe in consoquence of its use bemg ijurious to bealth will hardly serve to check its use in his countr, 'he season for the packing of fruit extends well into the autumn; henece the demand for sugar, it is oxpected, wili be liberal and steady, though possibiy lower pricos way be brought gbout bhufore that time by a change iv tho position of the raw article, ————— OMAHA LIVE STQU) Catele, Saturday, June 15, Tho market was extremely dull and the little trading that was done was prolonged throughout the whole fay, “The prices paid were not essentiully different from yester- day’s market. ‘The quality of the cattlo was retty fair and as high as 8105 was offered ¥nr one bunch. Hutchers' stock wos not very plesty or of very extra quality. Hogs. ‘The hog market was a shade to 5¢ lower on heavy and beayy mixed hogs and avout steady on lgwd iight. ‘The trade was rather slow, the buyers being indiffercnt and the sellers backward about making any concos- slon. It was lato before a clearance was of- feu . Sheep, There ware no sheep on sale, Roceipts. P 18 Prevalling Prices. following is a table of prices paid in n&nflufi for the grades of stock en. i 200 @2.50 im (@ @3, 8.00 @395 4.00 @405 800 @95 8.9 @3.95 850 (@425 Good to choice native sheep. ., 4.00 (@4.50 Fair to choice woestern sheep.. 8.25 @4.5) Shora sheep... « 800 (@3.15 Representative Sales. ETRE! s, - aal 885 S8 SN 2 = EE e & P £83383332 wuoneeaes - 822 Ownor. No. Av. Pr T. B. Hord— 18 steers, corn fed...1,420 $3.00 nOGS, D. Ford, of Milford, had in hogs. J. Murray, of Plattsmouth, wus here with Togs. Goorge Loucks, of Millard, h was in with W. T. Rickley had a load of hogs here from Columbu Loy & Poters, of Stanton, sold} liozs on this market. H. L. Oldham had hero from Murray. 4 Charley Hunter, of Invaie, came in with four cars of cattle. Loy & Peters, the weilknown Stanton dealers, marketed & load of hogs. three cars of cattle John Quinn, one of Weod River's regular shippers, had & car of cattlo h Arlington was represented by V. Couval, who had four cars of cattie hera. Mr. Davis, of the tirm of Mitchell & Da- is, Burivell, had o load of hogs ou the mar- Messrs. Todd and Spelts, of Milford, had three cars of cattie ne of hogs on the , was represeuted by H. P. Knowles, who came over with two loads of Hord markeied two loads of the Organ & Hammond cactle, which were fed at Central City. g 1. J. Bernheimer and J. B. Brooks, of Iirooks & Bernheimer, York, were in with four cars of cattle. Frank Zohner, of the well-known firm of ¢ Zohner, Missouri Valley, came over with a car of hogs and one of cattle. —~— Prodnce, Fraits, Kto. Butter firmer and in somewhat active de- mand. Egfin higher. Cheese steady. Fruits and vegetables plentiful and cheaper. Burrer—Table d 13alde rints, fan 14@15c; solid packed, 10@ victly fresh, I8, packers’ 16@ 4o, Cre: Young America, full cream, 10c; twin flate, 93c; off grades, 4@6c; Van Rossem Gdan,$11.50 per dozen ; sap sago, 19c; GoosELE ~Per 2 bu. staud, $0.50; 24 0, $2.50, Pruvs.—Per 2 case, $3.00@3.50 3¢ ; bu. box, §1.00@1. Vv Averes—er doz, $5.00@3.50. ANsi—According to size, per bunch, Urs—-Per 100, 5,00, —White ' fish, ver b, 7@8lc: white perch, per Ib, 7c; buf- pickerel, per ib, 6c; black b hand picked navy, $1.75; choico hand_picked medium, $1.65; choico bund picked country, $1.00; clean country, $1.20@1.25, a! EanLy Veeeranuns—Potatoes, Cal, per 1b, @ije; southorn, per bbl, $4.00; onions, ©at., per 1b, 24f0: southern, per bbl, $4.00} cabbuge, per crate, $.00; turnips, per bu Lox, §1.004 ; beets, per box, $1.00@1.25; wax beans, per bu box, 82.75@2.00; string beans, per bu box, green poas, por bu box, §LA0@ omatoes, per i bu Do, §2.00; asparasns, per doz beh, Sc@$1.00; canliffowor, $2.50; ege plant, $L75@2003 aquash, 75¢: cacumbers, 50@75c; soup bunches, -400; ce, 25c; radishes, 20c; wreen onjons, 3 new carrots, 20¢; pie plant, por b, Prirs, TALLOW, RTC. dry saited hide: 3 dry flint Te; ealf hides, damaged lots; sheep pelts, green, each, 25c@ heep pelts, dry, per ib, i 1, Greon salted e, 14@ise; tatlow, No. groase, “A," d¢; grease, yvellow, dc. AviLe Burreu-Te. Crorn—Bht bbls, $3. Burrin per b, Marie 5o per b, PoraToRs—Cho! ked, per bu, 25@30¢; Colorado, 4024 VAL o, medium sizo,03¢@7 heavy, 4@0c; spring lambs, $5U,00: dnzen. ~14a@15¢ per b for choice. 5113 (@100 per L, JELLL &do per b, Briswax—No, 3, 15i@200. Hay 006,00 Croy Fren—$£10.00@11.00, Bigs ¥--F10,50(210.7: Drugs and Chermnicals. Aco —Sulphurie, por carboy, 24e; oitric per ib, ble: oxalic, per 1b, 1403 tartaric, pow- dered, por 1, 4305 curbolie, 38@4de, Arahi-Por b, e, Asiroxta—Carb. per 1h, 1134e, Annownoor—Per lb, 16e. arsas-~Copaiba, per b, 63c; tolu, 52@ e Hoax- Reflned, por 1b, 9ige. CaroMeL—Aw s‘wr 1b, 83¢. Casror O1. gy Chokoroiy—Por b, 41¢, RSUBLINATE—Per Ib, The, Curax Tanran ure. per lb, 20e, XTHACT Louyoon—13ulk, per b, 125, ERGOT—450 4 Grycenixe—213e. QUM AaBIo--50 550, Lycoroniu yoenmiNE—Bulk, per Ib, 93¢, Gum—Asfatida, per 1o, 14¢; camphor, per Boe; opiuw, per Ib, §.85. tesublimated, per ounce, §3.65. es--uchu, short, per Ib, 13¢; seana per 1h., 9550, Monpuia—Sniph, per oz, $2.30. Porase - Tromide, por 1, e Tod '0rASS ~Jiromide, per Wb, UTe; Iodine, per 1b, §2.85 3 QuiNia—Sulph, per 1b B7@46e, SERns—Canary, per‘!" g, Wb, 8@100 o per 3 castile, white, per 1b, ulé'{ic. 2 Srinirs Nitike—Swoel r 1b, 80c. STrycuNia- ~Crystals, $1.00@1.15% SuLin, Cixenoxa—Per oz, U@ldo. Taricca—Per 1. Taxia Bsaxs—§1.70@L75, THE SPECULATIVE MARKETS. Wheat Sustains and Impreves Its Upward Turn. STRONGER FIGURES FOR FLOUR. Forelgn Demands Decidedly Better— Shorts Covering—uorn Slightly Up in Price—0Oats Strongs er—Cattle Higher. CHICAGO PRODUCE MARKETS, Cnroago, Juno 15.—[Special "Pelogram to Tur Bee.|—The wheat market was strong and active on asomewhat higher basfs than yestorday. The shorts continue to be the best buyers and on evory pause in the ad- vancing course of prices they conciude thav “the boom has spent iteelf,” and that .re- acting 18 in order. The market has, thus far, failed to react, thus disappointing ex- pectations and giving the buils fresh reason to hope that the situation is on the mend. The weather conditions seem to be rather more favorable. The skies are clearing up 1n the southwest, and showers in the north- west are domg some good. Not nearly enough rain has fallen in Dakota and Minne- sota; but what has fallen helps. As to the crop situation im Europe, opinions and news are radically contradicting; the gen- erality of correspondence, mail and tele- graphic, confirms what has previously been said on the subject of damage to the Russian crops, but William Dunn cables that he is bearish, and adds: *“The weather in Russia is improving. Heavy stocks of wheat there. Prospecte of large crops in western Europe. Weather hot and forcing.” The market cables indicate improving prices on the con- tinent and in the United Kingdom. This 18 true, not only as to wheat, but particularly with regard to flour. Considerable new businoss in flour is reported by local and New York parties at materially bettor prices. The millers and flour men are accordingly asking better prices, and feeling quite inde- pendent. The light stocks of wheat are every- where attracting attention. EvenBradstrect's paper, whose mission it is to work into the hands of foreign bears on Awmerican prod- ucts, is obliged to admit a vast difference be- tween the supplies now and on the corre- sponding dates of the previous years. The cash wheat markets continue to be quite as strong as any of the futures in every market in the country, In St. Louis, June wheat took & jump, and here the prico advanced 11§ cents and closed consideradly highee than yesterday. New York is firm, but not higher, The visible supply will show a de- crease of at least 1,000,000 bushels, and pos- sibly 1,500,000 bushels for the woek. At the opening the trades were shaky here, this morning, at 18%¢ for July: and the first official quotation for Decamber was T7Se. December broke right off, however, and sold down to 77i{e, and afterwards to 7iige. This delivery was weak all day. July, on the contrary, ranged from 783{c t0 790, and closod at Several times it showed signs of weakness and started down, a8 though the bullishness was all out of the market, but good buying turned the price uo again, und the average price was 7dc. The markev seemed to be ‘“‘pegged’’ around that price, and Hutchinson was credited with be- ing the best and heaviest buyer, with Pard- ridge and some of the other local shorts good seconds, and foreiguers clese behind. There has been enormous covering of short wheat re, during the last few days. The sudden distrust seems to have overtaken some of the more phlogmatic among the boars, but they have no fear of December, and that de- livery went to still greator discount, to-day, by reason of their selling. This very unan- imity in the operations of foroigners and local professionals, is looked upon by some as a source of danger. The selling of wheat for December delivery is unques- tionably very popular at this stage. Those who like to go with the crowd find plenty of good company in the shorts in December. ‘T'he close on the active list was as follows: June 8lc, July T9¢, September 753gc, Decem- ber 773¢¢. This is 3c gain in June, ¢ o lgc n July, ¥§c loss in September, and no change in Decomber. The aggregate volume of trade was large. ‘The opening price for July corn was 34{c, which was also the closing figure yesterday. It advanced to 34/5(@34}gc, and closed at 3414 @343c, covering an improvement of 1ic, and June made the same fractional advance over Friday’s closing quotations, Though dull, the market for oats was stronger, with Some sales at %@i{c advance, T'ho offerings were not large and a few buy- ing orders were mnoted, with considerable changing in the way of selling July and buy- ing Septomber at 5c premium for the former. That month sold up to 223@233{c, with a or easiness, and Septembor sold at 2214@ while for June as_high as 22}§c was at one time paid. No. 2 to go to store sold sparingly at 223¢c or Jc better, and the with- drawals were increased to 246,077 bushels, Provision traders were favored with a comparatively steady market. Barly in the day there was a little aisposition to bear the prices, but the breaks forced brought out unexpectedly good buying, and the depres- sions witnessed were shortlived. The fluc- tuations were also covered, apparently, though trade acted as though there was a lic- tle more doing on outside account. Baldwin led the pit by the amount of his purchases, which consisted largely of short ribs. TLare received less attention thaa either short ribs or pork. Based on yesterday's last prices, pork closed from 5¢ to 1)c lower, lard un- changed to 5c lower, and short ribs un- changed to 24¢ off. SIFOOR MARKET. & CHICAGO LIVE CiicaGo, June 15.—[Spacial Telegram to Tur Bee. |--CariLe.—Trade was slow at the opening, with a few lots selling a shade off, but latter on there was a better demand for the ordinary rup of dressel beef and ship- ping steers, the bulk closing out at about yes- terday’s prices, and about overything useful s0ld. Texans also sold out at steady prices. Native cows, bullz and calves sold slowly at yesterday’s quotations for the better grades, ‘but at easier figures for cornmon to fair. The stocker market has been dull all the week* and to-da) trade proved no exception, Farmers and fecders bought only a few loads, the balance of the supply gomng to the distil- leries at Peoris, holders being forced to grant concessions, in order to move such kind of cattle. Choice to extra beeves, $4.00@4.40; medium to guod stee) L L R O L 1 Ibs, $3.75@4.i0; 960 w1200 $3.50@4.00; stockers and foedors, $2.20@3. cows, bulls and mixed, $1.60@3.10; bulk, §2.20@2.40: Texas cattle, 8.40. Hoas—The movement, to-day, was not very brisk, but novertheiess the demand proved suflictently liberal to absorb the sup- ply at strong yesterday closing prices. Pack- ers pald $4.20 to $.25 for gooa to choice grades of heavy and $4.26@4.27%¢ for desira- ble mixed. Shippers bought primo shaped-up, neavy and medium weights at $4.256 and $4.30 for selected butchers. Speculators, shippers and packers operated io light mixed hogs at @ range of 84.25@4.80, paying $4.40 for sorts of 210 lbs down, $4.40 for Yorkers, and $4.50 @4.00 for fancy single selection, — —— FINANClAL. New York, June 15.—[Speciul Telegram to Tus Bgek.|--Stooks—The stock market opened featurel 83 and dull, and with little promise of mucl business for the half day session. The fivst prices were steady, or slightly under the ciose of last night. Lake shore was weak, and 3§ per cent lower. When business got under way the principal activity was in New England and the grangers; trusts were largely neglected for the first half hour. Among the active shares, however, a strong tone developed, after a slight hesitation, and prices rose materially in the first half hour; Atchisonand Burling- tou rose J§ per cent each; New England, St. Paul and Northwesteru 3 per cent each; Missouri Pacific and Lake Shore 3¢ per cent each. Thero was sow recession from the K% _OMAHA DAILY BEE: SUNDAY JUNE best figures later in the hour, howover, and New England lost @lmgst all its entire ad- vance. The remainder of the list were well held, and at 11 o'clock . bho market was quiot and steady to firm #ome fractions better than the opening pri During the hour to 12 o’clock there was .rimpurtanl change in values and business .\yas of the usual Sature day order. Comparddi' with the closing fig- ures of -last night, thg gains were as follows: Jersey Central 3§ ;;?ésvm 10 11034, Atchison 14 0 461, St. Paul 3%, Burliagton and Rock Island i each 108 and 98¢, respect- ively; New Enzlngarclosml about a point lower at 50%, and Chicago Gas lost 8 per cont to 583¢. Othar changes were unim- vortant. The following were the closing quotations: U. 8. 48 rogular. 1281 Northern Pacifica 28% ©8. 48 conpons ...120%4| do preferred. [ U. 8. 4148 rogular. .. 1003 (0. & UL R4y Pacitic 08 of Central Pacific Chicago & Alton Chioago, Burlington &Ouiney . 1045 WSt L. & P 106% | do preforre 04| Western Unlon, 0| MoxEy—Easy, with 1o loans. Prive MERCANTILE PAPER—33{@5) por cent. Srenrrvo Exomaxor—Dull but steady sixty-day bills, $4.57; demand, $4.883. PRODUCE MARKETS, Or0aao, June 12 p. m. closo—Wheat —Strongand higher; cash,80}c bid; July, 77- 9-16c; Docember, Tiige. B10; July, 84ic; Corn—Stoady; cash, 29{c; July, 22 0-16c; Septomber, 8510, Oats—Steady; cash, September, 22 7-10c. Rye—Cash 80c. Barley—Nominal, « Prime Timothy--§1.28. Flax—81.54. Whisky—$1.02. Pork—Stead; cash, $11.50; July, $11.55. Lard—Steady: cash, $0.55; July, $0.60, Flour—Firm, and prices in open market were about 15¢_nigher than the following quotations: Winter wheat, $2@4.50; soring wheat, $1.80@5.50; rye, $2.45@?2.60. Dry Salt Meats—Shoulders, §.12!@5.25; short clear, $6.12}{@6.25; short ribs, $5.70 Buttor—Steady; croamery, 125@16¢; dairy, @140, Cheese—Firmer; full cream cheddars 73 ?if“ flats, 7@l c; Young Americas, S@ 150, Bggs—Firm; fresh, 11@12. Hides—Unchanged; heavy and light graen salted, salted dull, 41{c; green salted calf, 6c ry flint, dry salted, 7c; dry calf, 7@sc; deacons, each. ‘Pallow—Unchanged; No. 1, solid packed, 4e; No. 2, 81{c; cake, 4150, Tteceipts. Shipments, 000 Flour.. SR 12,000 Wheat. 6,000 99,000 Corn. 1223,000 165000 Oats. 1110000 420,000 Liverpool, June 15 —Wheat — Firm; demand poor} holders offer sparingly; Cali- d per cental; 2d per cental; fornia No. 1, 0s 9}§d@6s 10 red western spring, 7s. 1 ® red western winier, 88 6d@ds bigd per cental. ¥ Corn—Steady and” ‘demand fair; new mixed western, 3s 8\{d per cental. New York, Jund 15.--Whoat—Receipts, 23,000; exports, 17,000: spot dull but stronger; No. 3 red, 833{c in storo; afloat; 8il@sbifc 15 0, b.; ungraded red, 821 @843gc; options firiner; June, 8 Corn—Receipts, 193,000;" exports, 12,000 snot fairly active uujl steadier; No. 2, 41§ @i13c in elevator: 421 @d2ic afloat; ungraded mixed, 403{@42}4¢; options more active and firmer, Oats—iteceipts, 144,000; exports, 1,000; spot unchanged; options quiet and firm; June, 28¢; July, 28¢; No. 2 white, June, spot Rio, eas, Petroleum—Quiety United closed at 833(c. Eggs—Firm aud qulet; wostern, 133{@14 Pork—Quict; now, 3| 3 Lard—Dull and _casie $6.5714; July, $5.91. Buiter—Steady; western, 0@17ic, Cheese—Strong but quiet; western, 7Y @$e. Minneapolis, Juno 15.—Wheat—Samplo wheat about steady; receipts, 113 cars; shipments, 51 cars, Closing: No. 1 hard, June and’ July, 95%c; on track, 95@96c! No. 1 northern, June, and July, 89c; on track, 83@92c; No, ¥ northern, July, 79c; on track, 70@s2c. Milwaukee, June cash, 743{c; July, e, Corn--tirm; No. #, 340. white, 271¢c. 214 @13.! western steam, 15.—Wheat—Firm; Firm; No. ady; No. 1, 4 Barley—Nominal; No 3 Provisions—Firmer; pork, $11.524. St. Lonis, Juno 15.—Wheat—Highor; cash, 91¢; July, 73%c. Corn—Lower; cish, 81c: July, 813(@8134c. Oats—Steady; cash, 225{c; July, 2250, Pork—Lower at $11.87:4@12.00, Lard—Lower 20.4! Whisky—Steady at $1.02. Butter—Unchanged; creamery, 14@16c¢ ; dairy, 12@13c. Cincinnati, 14.—Wheat—Quiet; No. 2 red, 886@37¢ Corn—Firm; No. 2 mixed, 353@30c, Oats—Steady; No. 2 mixed, 25}gc. Whisky—Steady at 81.02. Kansas City, June 15.—Wheat— Quiet; No. 2 red, cash, 71}gc bid: August, gl bid; No. 2 soft, casi, 800 bid; July, 6254 Corn—Quiet; No. 2, cash, 23¢ bid; No. 2 white, cash, 29¢ bi d Oats—No. 2cash, 19¢ wd. Juae LIVE STOUK. Chicago, Juna 15.—I'he Drovers’ Journal reports as follows: Cattle — Receipts, 2,000; market slow and weak; beeves, $1.00@4.40; steers, $3.50@ 4.20; stockers and foeders, $2.20@3.50; cows, bulls and mixed, 81.60@3,10; Texas cattlo, $1.60@5.40, « Hogs—Receipts, 10,000; market steady to d, $1.20@+.35: heavy, $4.20@4.30; 200@4.00; skips, $3.50@4.10, Sheep—Receipts, 25,00); market steady; natives, £3.50(04.70; western, $3.50@4.00; Texaus, EWGLOS lambs, $2.50@3.50 per ead, Kansas Oity, June 15—Cattle — Re- ceipts, 1,100; shipments, none; market quiet; best dressed beefand shipping steers firm common to choice corn fed steers,$3.25@4.10; stockers and feeder: &:wady at $2@3.40; cows, weak at $1.75 Hogs—Receipts, 5500; shipments, 140; market weak but steady; hght, $3.50@4.10, St, National Prock vXardi, KEast Louis, June 15, — Catéle — Receipts, shipments, 1,150; steaay ; native stecrs, $3.10@140; stockers and tég‘dfirs $2.10@3.80; gangors, corn-fed, §2.75 ‘Hogs—Receipts, 600{/!shipments, 1,500; stoady; choice heavy' Butchors', $4.50@1.40; packing, 4.15@4307 (gt grades, $.5@ ———— A Solar Heating Stove, A simple stove fot jyarming rooms b, means of solar beat: bas been contrive b{ Professor E. S, Mdrse. It consists of ashallow box, hiVing a bottom of of corrugated iron -and a glass top. This device is placei}ioutside the build- ing, where the sun pan shine directly intw it. The ra) through the glass and are absorbed by the metal, heating it to a high temperature and warming the air of the box This air, which on sunny duys rises to a temper- ature of 702 Fahrenhe.t, is conveyed into the room to be heated. —————— The Parrov Cried, ' Fire!” “Fire! fire! fire!” A parrot belong- ing to W. C. Dodson, who lives at the corner of Clarke and Charles streets, in Atlanta, Ga., sang out the startling cry recently, nnd people rushed out doors and saw that the parrot knew what it was talking about, for the_ residence of Mvr. Yandle, across the street, was in a blaze. The fire department was called out, and the wise bird was givena cracker. The flames had gained con- siderable headway, but were extin- q‘uhged as 8000 as the department ar- rived, WEEKLY BUSINESS REVIEW. Thae Course of Investment and Spoo- ulation Upward. IMPROVED SUMMER AVERAGE. Fluctuations In the New York Stock Market — The Foundation of Grain Speculation — Free Movement of Oattlo. How Money Rules Genorally, ©nicaeo, June 15.—[Special Telegram to Troe Bek. | —Thero aro fow changes to record in local monetary affairs since the close of the preceding weok. Bankers report a good early summer average of business, and there o fair weekly galn over the corresponding time last yoar. Tho demand for discounts from borrowers representing miscellaneous branches of business also continues fair, and while it is not suMoient to prevent a gradual accumulation of loanable funds at the banks, itis equal to tho anticipation of bankers, and, in somo casos, there is a firmor fecling. About all the cheap money that was offered at 4 per cent, 'a week or 8o ago, has been ab- sorbed by partios who are carrying stocks and bonds, and the bankers as a rule now name 43¢@5 per cont as the lowest call rate. “Thirty day paper, backed by gilt-cdged names and collaterals, bring 51§@7 per cent, and occasionally loans are at 7ig(@S per cont, to small customers who may be classed as stondy borrowers, because they. need more or less assistance all the yoar around, and seldom, if éver, pay higher ratos when money is in quick demand from large and de- sirable borrowers at the samo rate. On the strest money is loaned at 4@7 per cent, busi- ness paper usually bringing 5@7 per cent. The increased employment of fuuds in stock speculation has slightly hardened ratea for money at New York. The wocol trade at Boston is_also absorbing an increased vol- ume of money, but, as yet, the advance in rates for loans has been slight. New York exchange was offered more freely, and the demand being less urgent, a weaker feeling prevailed. Sales ranged at par to 60c premium per $1,000, and closod at par. Foreign exchange was in better supply during the opening days aud a weaker feel- ing was doveloped. Rates receded 1f per cent, later, became firmer, and the decline was regained. Documentary sterling on London ranged at $4.853(@4.86, and closed at the inside. The jobbing trade shows a moderate ani- mation in the way of filling small orders to supply the prossing wants of consumers and retailers, Sugars are meeting with an in- creased demand, and are firmly held. Cof- fees remain steady. The distribution of other merchandise was fair and about up to the average at this time last year. The New York stock market, although fairly active and with dealings at times excecdingly heavy, developed a decidedly unsettled feeling, which resulted in frequent and sharp fluctuations. ‘Phe news from the west regarding the crops was not of the same reassuring nature as during the preceding weeks and induced a heavy realizing in grangers; St. Paul was the favorite of this group and the trading was heavy. Prices advanced but a free realizing on every improvement, not only only by professionals but also by foreign traders, causing recessions. Northwestern broke three points on the same cause, but reacted slightly. The securities attracting the most.attention wore the trusts, especially Sugar and Lead. The buying of the former was the heaviest of any stock on the list, and an advance of 5 points was recorded, but not fully maintained. The report that it has a large cash surplus in_ its treasury was the chief cause for the buying, and operators are predicting still higher prices. TLead trusts advanced moderately, but under excessively large selling, by partics _ having good profits’ in their holdings, a reaction followed that carried prices down. New England came in for more attention, ana appreciated 5 points on the information that something of great im- portance was about to transpire that would materially benefit it. Coalers were unus- ually active. ‘The advanced prices for coal and reports thata coal trust was about to be formed, induced freo buying by the specula- tors in general, and resulted in gamns ex- tending to 7 points, the latter being on Jer- soy Central which has been quietly advancing for over & woek. The closing prices, compared with those of the previous week showed the graugers all lower coalers 1% to 4 points higher, Gas trusts 13{c lower, Sugar_trusts 85{c higher, and Lead trusts 3c higher. Honds were active, and the favorite issues were readily absorbed and a firm feeling pre- vailed. The leading produce markets exhib- ited considerable activity during the week just closed. Outside parties forwarded fair orders, but the bulk of business was credited to local speculators. In the grain market the changes in prices were slight and rather more favorable to the sellers. The ‘‘short” in- terest purcnased sufficient guantities to even up a good proportion of their trades, and was some inquiry on investment account from parties who believe the property is worth the rrnwn; price, even in the event of unusually large crops bemg harvested. The weather has been more summer-like, and favorable to growmng crops. Complaints are made of crop damage in some sections by drouth, too much rain, or by insects, but they are maimly local, The outlook, 1 & gencral way is not regardea as good as reported a few weeks ago, you the prospects are fayorable, 8o far, for large crops, The stocks of lead-- ing cereals are being reduced, gradually, with the excepuion of corn, and the move- ment to smallor stations and central wmarkets has not been quite so free. Shipments of corn and oats to the seabnard markets were liberal, mainly by the lake route. Quite quantities were alsc for- to Canadian Markets and the interior towns of the ecastern and middloe states. The export movement was light, except of corn and provisions. Ad- vices from abroad indicated little life n the leading markets. The crop reports were somewhat conflicting and rather favorable in western Europe, but the prospects were somewhat discouraging in the eastern por- tion. Prices in that quarter inclined in favor of buygrs. The supplies abroad are mod- erately large, and are decrecasing vyery slowly, The government orop report for June indicated rather a high average for all the leading cereals, but better than last year, excepting for oats, Provisions have ruled ocasier for specula- tive articles, but descriptions required for immediate wants have ruled higher, The farmers are forwaraing cattle, hogs and sheep to the market very freely, the arrivals being liberal av all the western cities. The packing of the west for the weck shows a further increase in the number of hogs slaughtered, and the good quality is well maintained. Seeds have been very quiet and prices exhibited but little change. s e ABOUT A NEW PROFESSION, The Feople Who OCanv for All Sorts of Thing: “Do you know therc are 500 people in Council Hiuffs who are makiog their living by canvassing, selling articles from house to house or on the streots,” said an agent of a great supply house | to a BEE reporter. ‘‘There arc 500 that 1 know of or know sbout, and there are perhaps as many more who are engaged in the business toa considerable extent, but not enough to attract attention. They are not mendicants by any means, but comprifse some of the brightest men and women that our civiliaation can produce. Canvassing has become a profession as much as the ministry or the law. They are selling everything that is sold or used house, store or office, and they are daily and hourly wezting 16. 1889—SIXTEEN PAGES. every race, condition and oharacter of the human animal, A few of them are elderly poople who have teken up ean- vassing as a last resort to making a liv- ing, but the majority of them are bright, energetic young people who have something more at stako than to keep their heads above water for the time being. They are laying the foun- dations for fortunes and acquiring an education that isa thousand times better than the best collegiate course that could be given them,a training that will fit them for dealing successfully with the world in all its phases. There are people walking the strects of Council Bluff and Omaha to-day knocking at our doors who will be the magnates of trade, the barons of finance in the future. Peculiar qualifications are required for the successful agent, and the young man or womun who does not possess them readily disgovers the fact and recotves such poor encourage- ment_that the businesd. is soon aban- doned and something chosen that reo- quires less mental activity and shrewd- ness. “What aro the qualifications of a good agent? A self-reiiant boldness that will ving a front door bell. I am acquainted with a Council Bluffs man who dropped a penny in a store one day and in his anxiety to find ithe extended his search to such an extent that the proprietor ave him a cent to disuade him from fiu-thor disturbance of his merchandise The gentleman, who is said to be worth more than $100,000, has only one living near relative, accapted the penny with the observation that cents make dollars and he presumed the merchant would find the one lost. Now such a man ay that wouldn’t make a good agent. **A somewhat similar trait of charac- ter was manitested recently by a young man who wrote me that he was working hard for 85 per week. His letter in: cated that he had more than an ord nary degreo of education and ability for correspondence, He was a married man, ablo to satisfy any person of his faithful attention to work, and also as to his integrity and ability. Hisexcuse for remaining in his present position was that he had an *‘all year round job” —a certainty, and that there were but few such to be obtained in his town. Such a certainty as this young man en- joys is, in my opinion, worso thun noth- ing to a person of good heaith and ordi- I believe the young man has held on to his certainty for four years now. It is a waste of iife to work thus; the longer a man remains the worse off he is. There are some peoplo whose nature it is to be dependent upon others, and some so mean that they must absolutely get hold of $2 with one hand before they let go with the other. These are deformities of nature or training which the canvassing business will do more to correct than anything else on earth. I wish T could impress upon every ymmfi man the fact that those who depen npon others can never rise to positions chat command attention; that you can hold n good salaried position all your life and never gain fame or wealth; you will never be able to obtain that Strength of mind, power over men, and the ability that comes with expericuce, to grasp opportunities and build a busi nary energy. noss that will be a monument of glory nd your descendants. Khogan, said, 700 years sian ‘)hi‘xusuphm’, “Why should a man who pos- sesses a piece of bread securing life for two days and a cup of water—why should such a man serve another Colonel Ingersoll says, in one of his speeches: **Young wmen should not be satisfied with a salary. Do not mort- gage the possibilities of your future. Have courage to take life as it comes. Think of hunting a gold mine for a dollar a day for another man. How would you feel if you found one?” Gar- field said: “Nine times out of ten the best thing that can happen to a young man is to be tossed overboard and com- pelled to swim. 1In all my experience I ‘never knew a man to be drowned who was worth saving.” The young man who is bound to make something of himself and has both capi- tal and experience to gain will find in the canvassing business of to-day a grand opening for himself—u chauce to do business tor himself and get all he can earn. He will enter it with the do- termination of bheing respectable and making his business respectable. He will enter it and stick to it after he malkes it a success and not give it up for tho first clerkship that offers. He will lay the foundation of his fortune at the doors of all classes of people in the world, and when he enters business for himself he will know more about peo- ple and how to handle them than the {)asb college bred young man. He will gain judgment, decision, self-reliance, the power to act, and to win for him- self the position he merits. Let your egotistical young man who possesses little knowledge enter the law or the ministry, but don’v let him suppose he would make an ideal canvasser. I am in a position to know, and I am sure I do not exagerate when I say that one-third of all the goods vretailed in Couneil Bluffs and Omaha are sold by canvassers, Whother it be a good or evil thing people may as well look npon it as something tha’ has come to stay, and aside from being the best school in existence for the graduation of o strong and self-reliant class of men and women I believe it to be the means of making fortunes. I know a young man who worked in an upper Broadway store for ten years at 40 per month,and he was not a freen young man either, and when he ost his position two years ago he was driven to the verge of desperation. He stopped at the canvassing business, and now he is making by the sale of nschool chart from $300 to $500 per month. Council Bluffs and Omaha on account of their twin relationship and their thrift offer an inviting field for the can- vasser, and this perhaps, accounts for the large number here, The number will increase rather than diminish as the years roll on, 1 believe the time will'coms 'when we will buy everything we eat, drink or wear from the canvass- erat our doors, and when only ware- houses will be used in which to store goods, 1nstead of expensively fitted up stores in which to sell them, the era of cheup prices will be naugurated. Then the canvasser will be a woll dressed man or a tashionably attired woman, of ood habits, geod address, slwiys vo- ito,of more than ordinary intelligence, and people whom you delight to moet and esteem it an honor to deal with, Then will be realized the highest bless- ings of civilization and the luxuvy of the world’s best markets will be dis- played in our drswing roowms.” e A Disastrous Clerical Error, Boston Beacon: Goverament clerk (to friend)—D’in in a frightful hole. I went to see two doctors yestevday, and got a medical certificate from each, One was a certificate of health for a life insur- ance company, and the other was a cer- tificato of illness to send to the chief with my petition for a week’s leave of absence. Friend—TI've done that myself. What is the mator? G, C.—Matter? Great Scott! I mixed the certificates in malling them. The insurance wmpun{: has my certificate of ill health and the chiel has my cer- tificate of good health, It bs Bxpeoted in the Business and Building Interests of Omaha. THE POSTOFFICE LOOATION. Maammaae, e | 1t Will Have a Bonefiolal Effect Upon the City—An English Syndioate ~=A Now Bridge With New Stock Yards. A Woek's Roview, The real estate transfors for tho past woolk must not be taken as anindication of thoreal status of the market. The number and the amount of sales reported are small, but holders are not in the least depressed:® Thero are tho usual number of schomes, soma of thom of Jong standing and some of them that aro shaving into tangible form., ‘Omaha is going further that Now York and Hoston for capital,” said a woll known member of the board of trade yesterday. *‘There is a man in the city now who reprecents a large English syndicate of capitalists who have vractically decided to make large Invests ments in this city, This is not more wind. I know what I am talking about, The funds aro availablo and the investment is o certainty. The location of tho postoffica on the Folsom site gives the syndicate a chance to carry out one of its plans of _pur- chusing the Bighteenth and Farnam block and the erection tnereon of the finest hotel west of Chicago. The syndicato has been ready for some time to malke an offer for this proporty, and has only boon held back by the delay in the selection of the postofiloe site. Take my word for it, Mr. Hanscom will have a chance to contribute his $50,000 befora the 18t of July*" “The best thing that has happened to Omaha in years,” said a leading real estato dealer who has boen working for the union bridgo scheme for years, ‘‘was the action of the Union Pacific road in shutting out the Milwaukee road from entering Omaha. Tha offer of the Union Pacific was 8o outrageously exorbitant that it would mean practical confiscation for tho Milwaukea to accept it, There are a lot of men in Omata, men, too, who are voted as sensible business men, who have boen dreaming along here for years under the impression that the Union Pacific is the only road in ox- istence. The awakening from this droam willbe rude, but it has long been desired. The committee which has bean working on this schemo for yoars will now feel encour- aged to 2o on. ‘‘This movement for a meeting of the mer- chants of the state is a good thing. [t may be the means of disclosing to the citizens ot Omuha that the first step necessary to the proper development of the stato and the con- sequent growth of Omaha will bo the open~ ing of transportation facilities across the river and giving to tho trunk Lines access to the city and state. See if this will not be the leading feature of the coming convens tion.” ‘“Tho Fust Omaha Land company, owning Cut-Off island, have had a representative in the cast, since the visit of Mr. Fred Ames to Omaha,” said a gentleman conversant with the plans of many of Omaha's capitalists. “‘What does that signify!” he continued, repeating the reportorial inquiry. “It means that the new stockyards’ scheme, approved by Mr. Ames, is assuming’ tangiblo propor- it 1t is a fact not generally known that the groat banking frm of Drexel & Co., of Philadelvhia, and Drexel, Morgon & Co., of New Yorlg, have large interests in the Kast Omaha Land company, and will in all proba-~ bility joiu in the plans of the other members of the company for the improvement of the property. It is the Omaba agontof this company who is now in the$eust.. The Drex- els aro the fitancial agents of tho great Ponne sylvanin Railroud company, and theit sunos tion of tho stockyards’ scheme is only needed to insure its success,” Awmong the representative sales for the week are mentioned tho following: I Swobeand R. S. Hall sold to W. B, Miilard lots 1, 2 7, 8 and 15, in Couvent place, for §31,500. 2. 5. Juynts sold to A. K. Stornsdorf ot 8, in block 8, Puddock place, for $10,000, J. B. Mason sold to K. H. Sherwood lot 8, in block 2. Reed’s fourth addition, for §19,500, J. . O. Hanlan sold to J. 'I. Dénny 12 lots in Wise & Parmalee’s addition, for $13,000, The Mead Investment_compnny sold J. H, Van Closter lots 14 and 1. in block 15, Hanse com place, for $6,000. A. Kountze s0ld to Cunningham & Thomp- son, the n w 34 0 w 1 15, 13, 36, for $35,000, Morse & Bruner sold to thé Thompson- Huston Electric Light company, u lot on Jones street, near Fourth, for $16,000. oI transfers for the woek wore as fol- lOws @ Monday.. Tuosday, . Wednesday Thursda, ; i 20,775 82,067 eiiorenee s $032,247 The Building Record. The building permits for the past woek have been issued principally to home build- ers, among them the foliowing are noticed: A. C. Powell is building arow of three- story brick stores and fluts at Sixteenth and Jones streets, to cost $10,000.. The hoard of education is building a $3,200 addition to the school building on Grant. uve- nue, B. B. Wood is improving his residence at at Twenty-sccond and Chicago, expending £3,000 in the work, . Patrick Kelloy 1s investing 32,500 in idence ut 1220 North Kighteenth' streat. F. L. Tohnson is building two 2,000 rosi- dences on Fifteenth streot, near Conter, Howard H. Baldridge is building a #3,000 home on Catherine street, near Woolworth, J. S. Houser is buiiding a 3,000 home on Thirty-thivd street, near Pucifie, John L, Hill is buildin, ,000 residence on Seventeenth street, near Loavonworth, . A. J. Hollander will build a 82,000 bome on Douglas, near Forty-seventh street. The §50,000 hotel being built by Mr. Del- lone, at Fourteenth and Capital avenuo, is assuming handsome proportions. The week's showing is as follows: Mouday.. Tuesday Wednesday, 'Ilhilandlly . Saturday, Total...... AEAATAS ARSI LEA Y THE REALTY MARKET. e ] during to W J Conuell, 5md 6ot N3STHUMENTS placsd on record yosterda! H G W Koeni, W 3 1oL, bik 104, Omaha, q ¢ AP Tugoy'ot nl to'E & Clippinge 8 bk 12, Clitton Hill, w d ... 800 1) Priyn and hilsband to ‘'8 is 1o 21, DIk 12 Howlug Oreen wd .. LW Hill to J W Awra, fot 6, bik 10, Puvk rest, wd ... 825 Hur'ison to 11 Saunders et ‘al, ‘iots ‘1 to & hikh, Hokermann Place, w d ..., 1,80 Wilitim Shawgo to C H Hutchinson, 1w Be oLl q 0d, L. 4,000 B il Howlind and wife to i, K 14 1ot 17, bik 3, Sonth Omaha ¥ 4 ¢ A Wifeto D K fond ard Hill, w d.... . [ ik &, Albright's O wd. . i e s g 213 4 i rmompson to C Manson, ot 6, bik Andrews & Henson's add, w d ] J 1 Farnsworth and wife ‘1o H Kountze, Wnd 40w 0 Liliell, g e d. el A Komntzo et sl to Cuniinghain & Fhiomp. wn e Beldeth, wd ... 25,000 G Hallon 10 M I Alter, lot 3, ik place, Wd..0 . LA asca blk 2, first add to Mount Dougias, 500 CW Lyman and wite o, J Nielson, ik 1, Dwight & Lyman's add, w d. 200 J 13 Hoexthorn and wite 1o ¥ K 2, bla b, Brookline, wd. ... P 17} Corm ‘Irust and Safe Devosit Co to W O ridgen ot al, relenss of *atg in blk 20, RATAQCd ciiin. . 250 2'J Penell to G i fopkms, 10t 1, Uik 'Z Vandercoox Terace, w .. T Patrics Land Cot3 ) ! Bhanii and 4, nik 93 lots dwnd 6, ik and ¥ bk 103, Dundeo Place, w 7,600 South Omaha Land Coto A ¢ 5pii 5, Boutn Omuha, W d. s 011 and 1} G Ballou w0 § Motzne: and & Vi, 1066, bik 1, “Kverets Place, I J Low 0d wife to Thompson-Hous: ion u‘x’;{»:m Co x40 B s 26, 15, i w ériredt LV Morso wnd 0 Branes uh’l‘ e n-Houston Blectric Co, 80x46 v B, 1, 15, wd. 155 100 2 masters.