Omaha Daily Bee Newspaper, July 21, 1889, Page 15

THE CONDITION OF TRADE. Money Basy With Bankers Disposed to Oall Some Lonans. BUSINESS OUTLOOK EXCELLENT. Opinton General That the Indian Wheat Crop Will Ba No Factor in the World's ¥F'ood Sup- ply This Year. In Local Trade Olroles. During the past week money has con- nued easy, though bankers show a dispo- sition to call loans in some cases, and it seoms to be the generally acceptedopinion hat a tightor market will occur in Septem- ber, or sooner. Prime mercantile paper is {n demand at 8 por cent. Exchango is 81 per taousand promium, The business outlook continves excellent, orders are plentiful and trade is good. Col- loctions are improving all the time, both in city and country, and animated cheerfulness 18 paramount in Omahn’s counting rooms, Prices are fairly steady. Sugar has gone off a little, but the decline is almost certain 0 bo recovered, as refiners are masters of the situation, and will surely profit by their opportunity. Coffees are up e for Rio. Drugs aro quict and unchanged. Lumber and building materials show more life and trade promises to be excellent, The statement of the Omaha national banks under the call of July 12, now being prepared, will show an exceedingly tisfactory and comfortable state of affairs. The clearings for the week ending July 20, 88 roported by Mr. Hughes, manager of the @learing house, were $3,560,247.00, an in- ereaso of 11 8-10 per cent over last yoar for the same period ; balances postod, $553,003.78, Crop reports’ coutine fayorable, ana if Buropean advices are correct thore will be o market for all the surplus at good prices. These advices say that tho Indian wheat orop will be no factor ut all in the uestion of the world's food sup- ly this year, and it scems t0 b the opinion of well informed English specialists that the state of affairs in the old world will be fully as bad a few months hence us it was lust yoar, some say worse. Of course thero may be improvemont in tho situation between now and harvest, but the indications to-day are that there will be a great deficiency 1u the granaries of Europe after harvest. England, France, Spain and western Germany promise good crops, but the two great cxporting countries—Austria and Russin—will find it difficult to feed themselves, and prices aro rapidly advano- ing, with all eyes turned to America, whero the crops are now promising bountiful yields, and great prosperity seems in store for the agricultural, and necessarily also for tho commercial community. The Daily Business crop correspendent, in his lottor of this weolk, states that the condi- tion of tho corn crop in the principal surplus corn states compared on July 1 for threo y, ’88. July, 87, o 5 g 95 Thlinois... .8 98 Towa S 89 9 Missouri ... .o 01 99 Kansns AR o 100 Nobraska,........ [ul 100 “Che average for these states this yoar about 8034, agamst 923 in July, 1858, and 985 im Ty, 18 Jeerbolim roports the amount of bread- stuffs ou passago for the United Kingdom and the continent on the dates named as fol- lTows: FOIt THE UNITED KINGDOM. ly Tuly 80, 14, 83, ‘Wheat & flour, qrs 609,000 1,675,000 1,940,000 Corn, qrs.......... 539,000 600,000 870,000 FOR THE CONTINENT. Whent, qrs..., 196,000 212,000 520,000 Corn, qrs 121,000 153,000 90,000 The following shows the imports of bread- staffs into tho United Kingdom for the weeks ending: July July 89, ,000 July 6, '89, 191,000 July 14, 788, 140,000 362,000 Flour, bbls. Wheat, qrs. .. 213,000 166,000 Corn, ars. 203,000 137,000 113,000 The [inancial Chronicle suggests that if the operators in wheat wish to force high prices it is far botter for the country if thoy will do it bevween July 15 and_November I, 80 thut farmers can get the full benefit of the rise and have a better chance to realize a sufficient profit on their crops to pay the mortguge interest_on their farms, Hutchi- son's cornor of September, 1885, and tho high prices of following months 'were dis- wstrous for a majority of operators and also for commission men, but they gave many farmers a handsome’ profit. The receipts of wheat from Konsas, Missouri, and other states ouyght to be large from this date, and the railroad earnings should reflect the movement. ‘The stocks of wheatand corn at twenty- ane interior and seabourd murkets east of the Rocky mountains, in transit from the west. to the seabord, and afloat on tho ocean, destined for Great Britain and continental Kurope, on the dates named, were as follows: ‘Wheat, bu, United States east of the Rockies.. .. 12,771,000 Afloat on occan—United Kingdom. o000 18,600,000 Afloat on ocean—Conti- nental Burope. Corn, bu, 8,044,000 4,800,000 1,600,000 1,200,000 27,921,000 000 Total July 15, 188 Provious woel Total July 1 + 42,008,000 Total July 1 1,158,000 Total July 1 ) X For the month of June the exports of hog product from the United States amounted to 70,231,808 pounds, against 56,167,415 for June, 1888, 'The increase shown 'was_largely in bacon, moats and lard. From November 1 0 June 20, in 183850 and 1857.55, the exports 3p dotail present the following comparison: Articles, 1858-50, INST-N8, Bacon, 1bs, 202,501, Hams, L 31, Pork, 1bs, Lard, lbs Total 1bs. This country’s ex) for the months of May and June With the snmo time i 1885 are as follow: 1550, 1558 805108 010450 054,871 18,880,024 domand than a_short timo This is due to a belief on the part of a that prices aro likely to go lower. f finers, however, appear firm in their otermination to hold the market in a strong position und 1o reduce the product that will comparo with the trade necessities, thus avoiding the recumulation of surplus. To do this they have roceutly shut down one of the largest refincries owned by the sugar trust, Coffeo is plenty at Chicago and prices are unchangod. ‘Thoce are also pretty full sup lies ut St, Louis aud » fair amount at Cin- nati, but according to reports received by @ Now York Commercial bulletin, the ac- mulations at other points are lwited, That Journal suys that the present supplies of 1tio Poffee at leading pownts include very little that is choico. Indeed all the higher grades of Rio and Santos have become a sort of fancy or special article, commanding prowpt- ium of 16@3c per pound wbove ‘the Ordinary relative valuation. Cable advices from Hordeaux report an advance in the price of sardines of 5f, or ) por case. Tho tishing to date has ¢ poor, the fish running large 1 size #ud undosirable for packing. Local urrivals of butter continue to show damage from hoat. The swall proportion of phoice sclls readily, while the off condition Jots can not be moved. "The pational bank circulation outstanding ¢ the prosent timo amounts to $163,853 of 1d and §200,759,872 of currenc pited Statés treasurer now hoids the fol- wing bonds to secure the ciroulation of the Boks : rrency 0's. B#4,584,000 3 por cents. Aslomo per conts The Bank aying an lneceased premium for gold bars, aud but for that no gold would be leaving New York at the Prosont time. A The statem@nt of the United States treas- Qrer shows gold, silver, United States notes d other funds in tho Lreasury July 18 as ows : \flfl"‘ coin aud bUllOB vau.s ves. . B Butter, 1bs o A Silver dollars and bullion. . 283,031,547 Trade dollars, bars y 3,539 Fractional silver cof United Certificates outstanding ; Gold. ... Silver Currency OMAHA LIVE STOOK Catete. Saturday, July 20. The receipts wers only moderato for Sat- urday and quality fair. Beef and shipping stoers were picked up early at an advanco of 5(@10 cents with two loads selling at the extreme limit reached. Good fat cows and heifers are not plentiful and valwes on such are stronger. Common_ butcher stock ana feeders are selling steadily. Hogs, Light receipts and_good inquiry caused a further advance again to-day of 5@10 cents on ull grades, with one lot of light sorts go- ing at 8125 and the bulk of tho sales at $1.17%. Trading was brisk, and by midday Hammond received about 800 head. Out- side of these there was none here to make & market. Cattle. Hog; Sheep Prevailing Prices The following is a table of pricas pald ia this markot for tho grades of stock men - tioned : Good steors, 1250 to 1450 1bs, Good steors, 1050 to Common canners, . Ordinary to fair cows Fair to 0od cows.. . 300d 10 choice cows. . Choice to fancy cows, hei Fair to 2ood bulls Good to choice bul Light stocker Good feeders, Fair to choicé light hogs. Fair to choice heavy hogs.. Fair to choico mixed hos. Shorn sheep . Ropresentative Sales. STEERS. Av. Pr. 1072 $3 55 L1170 3 60 12385 = EEEEEE wwwe © ©wa vEEDENS, 2 50 WESTERN FERDERS, e 9T 235 sTAGS. cer 1435 800 noas. No. 80 120 120 200 160 120 8 0 69, Live Stock Notes. . H. Post came in from Benedict with a car of cattle. Johu Nellor came in from Heemer with a car of hogs. W. R. Nichols came 1n from Benedict with a car of cattle. A car of cattle is what Tom barber, ot Ben- eaict, brought in, Shephard & Badger sent in a car of hogs from Creighton to-day. The Foster Bros., of Benedict, were here with two cars of cattle. W.T. Bridgeford left tnis evening ona to his homo at Paris, Mo. Creston, Birney went to Kansas City yes- terduy, and will return on Tuesday. Ashland was represented by A. Laverty, who was here with a car of hogs, Joo Ellis, & heavy dealer at DeWitt, sent ' a car of hogs this morning. J. H. Rothwell, of Creighton, was on the masket with two cars of cattle. Mitchell & Davis, & well known firm cnted at Burwell, marketod hogs to-day. J. E, Hunt, an every day dealer, was in from Papillion looking for feeding cattle. C. 1. Welch, a prominent_dealer from Pa- pillion, was here this morning with two cars of cattle, A. Sutton, of tho well known firm of Mc- Intosh & Sutton, Chapman, was here with a car of hows, Leo Murtin, of Benedict, added six loads of fat cattlo to the supply, and was here to look after them Messrs. Gould & Baker, well kuown deal- ors at Codar Rapids, were here looking after four cars of cattle, Russell Gates, of the Gates Live Stock company, of Rayenna, was on the market with five cars of cattle, 24 Lancaster, the fat man from Holmes- ville, aud an all'around stock man of promi- nence, was here this morning with three cars of cattlo ana one of hogs. . Graves, a success{ul farmer and feeder of Arborville, was in looking over tho mar- ravos has ten cars of fat cottle il forward later on. R A New England Bluebeard Inan old burying-ground in a large southern New Hampshire town there is an interesting group of seven tomb- stones, says the Boston Transcript. Each of six of them marks the little strip of earth where rest the remains of one of the wivesof one man, and the seventh is the gravestone of the Blue- beard himself.” The epitaphs of the wives are short and simple enough, but the fifth bears underneath the name and record of the woman’s birth and death, these words: ‘‘The Peace- maker.” Oune can only speculate as to what the circumstances were under which she exercisea her benevolent art; but no doubt she had to be a peace- maker to"@nable her husband to get along in any sort of comfort with all his deceased wives’ relatives. But the epi- taph on the husband’s tombstone is a gem. It reads thus lo- THE SPECULATIVE MARKETS. Wheat Bulls Find it Diffloult to Advance Prices. CORN'S GOOD SHIPPING DEMAND. 1t Continues the Ohief Feature in That Ocreal's Trading—Provis fons Show More Strength —Hogs Higher. CHICAGO PRODUCE MARKETS. Citioaco, July 20,—[Speclal Telegram to Tne Bee,]—Wheat was dull and lower to- day. The bulls find 1t difficult to put vrices upin the face of improving northwestern crop prospects, impending heavy receipts, lack of actual froe exports and an absence of abroad speculative mquiry. It is true that foreign advioes are bullish, both as regards crop and market news, but then foreign houses are generally long for speculative ac- count, and 1t is not forgotten that the foroigners are prone to take profits on very moderato bulges, and the scalping trado argues that they are helping the market up to sell out. December wheat opened 1n this market at 80}{c, which was an over night gain of 3gc. Right from the opon- ing there was a disposition on the part of the bulls to sell out and on the part of the bears to extend their speculative risks, Huteh, as usual, “bucked the crowd,” but his offorts in that line did not scem to be crowned with success. The price went to 79%c, reacted to 795 and worked down to 704c, with heavy selling below 79}gc. The orowd was short, howover, and the buymng gave tho bears a little norvous tremor, set- ting them to covering and giving the market an appearance of a firm closing at some ro- covery from the usual inside figures, Decem- bor closing at W3 @70ie. July whgat was noticeably weak. It opemed at 807, sold at Slc and down to 70ic closing _at cc. September range at73%@70%o and closod at Tric. Trade was light in the ageregate and news of an unusually inconsequential character, It - is probable that the visible supply decrease will be over 500,000 bushels this week. The average decline'in long futures is {@¥c. July lost 1. The feature of the corn market continues to be the excellent shipping demand for the daily receipts, the argument from which is that extensivo users of tho article throughout the country are content to buy- it frealy at the current price, even Wwith very fair prospests for another good crop. The adt vance in the price of cash corn is something more than is indicated by the actual quota- tions, froights having boen also graduall; hardening, Tho clearances for the weel from tho four primciple Atlantic ports were 989,60 bushels. Near doliveries aro feeling tho influence of the strong demand for cash and are relatively firmer than more deferred futures, The changes in the end from Friday's closing figures were very slight, smce July and September gained each 1-16c. The balanca.of the list was unchanged, July closed at 85){@353Gc and September at 355@ 86c. & Oats were less intensely dull than yester- day, though not active, with nearly the pre- vious prices continued. Fair trading was noted in July, chiefly at 22%c, and later offred at' that, with = September at 2@, and May easy -t the former 'point ~of 25%c. ~ Crop conditions were generally favorable and with plentiful supplipg of old oats in tho country yet to come forfyard. The long side of the market roceived little support. No 3 oats to go to store wero steady at 22 Local stocks wero reduced 49,395 bushels. Provision traders were favored with a stronger market. Tho opening generally was at prices closely corresponding wit yesterday's closings, and_during the norn- ing the changes made were in an upward di- rection. Unexpected buying by leading packers made tho shorts feel uneasy, and induced a good many of the lats porsistéat | bears to change their tactics. During the first hours of the session there were more buyers than_sellers, a_streng feeling held eontrol and better prices prevailed, Later, when the buying became more rostricted, the trade ensed off, yet the day closed at & substantial improvement, which in pork amounted to 10¢, in lard to 5c and in short ribs to 5@7ige. © September was throughout the favorite future 'delivery. It sold at $11.12%@11, lard and 85.60@5.72% for short for September closed. at $11.25, $0.35 and short ribs at $5.05. Pork and short ribs for August ranged at 7i{c and lard at 100 under September. The only winter month receiving any special attention was January, which sold at $10,10@10.12i¢ for pork and §6.00@0.05 for lard. Short ribs for January stooa at 85.05 bid. Cash lard sold at *8.20(@ 6.273¢, 16-1b green hams at83c and winter curéd 16-1b sweet pickled hams at 93/c. CHICAGO LIVE STOOR MARKET. Cuicaco, July 20.—[Special Telogram to Tie Bee, |—Carrre.—Estimated reccipts for tho day, 8,500; last Saturday, 8,343; for the weel, 69,367; last woek, 60,3%0. A few na- tives, say 10,000 head, went out at about tho same prices as yesterday, and business for the week closes remarkably steady, consid- cring the unprecedented run, for a July weck, The 3 Texans on the market s0ld slow, and although not quotably lower thau yestorday, were hard to sell from start to finish, One or two consignments from Kansas City did not armive until late in the day, Native butchers' stock was the same as for soveral days past, but the chances are that anything that has to compote with Texans will sell lower, as a big run of the latter is looked for under the low rates. Choice to extra boeves, 33.90@4.2: medium to £00d steors, 1330 to 1600 1bs, $3.70@4,00; i 00; 900 to 1200 lbs, : stockers and feaders, $2.00@3.00] bulls and mixed, 81.40@3.00; bulk, . 00(02.25; slop-fed steers, $3.65(@3.%0; Texas steers, §2.25@3.10; cows, $1.50@2.00. timated recoipts, 7,500; last Sat- urday, 9,000; for the week, 8 ns", week, 07,630, Tho'light ran was easily disposed of, and the market has uearly recovered the de- cline of the early part of tho week, closing at $4.15@4.25 for packers, $4.30@4.40 for heavy and $4.50@4.75 for light. The great scarcity of light, especially singe sort and fine graders, and such are commanding & big premium at present. e LIVE STOCK. —The Drovers' Journal 83.40@3 cows, Chicago, July 2 reports as follows: Cattle—Receipts, 5,000: -market steady; beoves, $3.40@4.25; stockers and feedors, #2.00@3,00; cows, bulls and mixed, $L40@ 8005 buik, #2.00@2,25. Hogu—ltecoipta. 300 market closed quiet ; mixed, $4.20@4.50; heavy, $1.15@+.40; hght, #4.90@4.70; skips, $3.60(@8 80, Sheep — Receipts, 8,000; shipments, 800; market stea natives, $3.50@4.75; west: orn, $3.50@4.15; Texans, $3.25@4.10. Kansas City —Cattle—Raceipts, 8,000; shipmen| ommon to choico corn-fed _steers .10; stockers and foeders, $1.60@ weak and lowest of tho seaso Hogs-~Receipts, 2,100; shipments, none; market steady to strong: light, $1.921{@ 4.973¢; heavy and mixed, $4.05@1.20, National Stock Yards, Hast St Louis, July 320. — Cattle—Keceipts, 200; shipments, '2,100; market steady; fair to choice heavy npative stecrs, $3.10@4.20; , $2.00@2.90, shipments, steady: choice heavy and tions, 84.2004.40; packing, 4.85; light grades, #4.40@4.55, FINANCIAL. New Youx, July 20.—[Special Telegram to Tue Brk|—Stocks—Atthe opening of the stock market to-day there was every in- dation that the half day would close the week without important action. In railroad securities and trusts a spirit of weakness prevailed. Higher prices sent by London had little effect and first prices here were i @ per cent lower than last night, Furtber 3¢ for pork, $6.80@0.873¢ for | declines were establighed in early trading whon all animation di§appoarcd from the market, Grangors, sMissouri Pacific and Northern Pacific preferred were the only stocks showing any momation at any time, and in those shares thé bosses wero tha most conspicuous, the Union Pacifice losing % and the Atchison % per &t ‘whilo othors de- clined smaller fractionss Before the end ot the hour thero was a_slight reaction, with promise of a botter clostag. The slight up- ward turn fn stocksvafter 11 a.m. was of short duration. Liqudagion again set in and vrices declined belog; $ho bottom figures early. The Missouri reauction of rates helped the bears. Asft¥from this there was no foature to the markel, and the close was dull at about the lowest prices. The follewing wero the closing quotations : 1. 8. 48 regular, 128%|Northern Pacific U! 8. 45 coupons. ... 138%| o preferred.... - U, B 448 regular. 6%(C. & N, W.., . 8. 4138 coupons . 108%| A0 prarerre: P flc B8 of '05 18 (N, Y.Central COentral Pacific &E .. Chicago & Alton ‘l(m‘k Island Chicago, Burlington C., M. & 8t.P.. &Quincy 98y o preferred % L A t.Paul & Omaha Tiiinois Centrai o preforred. L.B& W, Union Pacifi Kansas & Texas. V.St L. & P Lake Shore. ..., . Ao preforred Michigan Central.. 8 |Western Unlon, Missouri Pacific.... 06 Moxer—Easy, closing at 2 per offered. Prive MERCANTILE PAPER—4(@5 cent., SrenLivo Exomaxar—Dull; sixty-day bills, $4.80; demand, $5.573(. PRODUCE MARKETS. Criroago, July 20. —Cash, 793%c; Scotembe ny @i, Corn—Cash, Septomber, 36, ats—Cash, September, 213 Lard—Nominal; _cash, $0.22i; $0.25; Septomber, £0.35. Ryo—413¢c bid for cash Barley—Nominaly” No. 9, Soptember, G6c. Flax Seed—No. 1, $i Prime Timothy— Nominal; $1.47. Whisky—$1. Pork—Nominal; _cash, $11. $11.173¢; September, $11.25. Flour—Dull, steady and unchanged. Dry Salt Meats—In light request and pricos ruled steady; short ribs moderately active at $5.55@5.65. Buttor—Very ~dull; creamery, 10@15c; dairy, 9@18c. Cheose—Qulet and unchanged; full cream cheddars and Young Americas, T3§@73gc. Egga—Dull; fresh, 10@11c. Hides—Weaker; hoavy green salted, 5c; light green saltod, 5@51{c: salted bull, 41¢c reon salted calf, bi¢@sd(c; dry flint 7c; 5y Sattod hides, 7o; dry calt, T@30; de: cons, 25¢ each. Tallow Easy, domand falr; No. 1, solid acked, 3%¢c; No. 3, cake, 4i{c. LS Recoipts. Shipmonts. 9,000 12,000 53,000 90,000 Corn. 111276000 408,000 Oats... . 144,000 241,000 New York, July 20.—Wheat—Recoipts 50 bushels; oxports, 09,100 bushels; spot aull and @3go lower, weak; No. Bred, 8Sc in store, SY3{@00o afloat, 80}5@01c {.o. 1 white, 95c; ungraded red, 83i(@0igo. Options dull; July Jgc lower} other months d@igo higher, waak; No. 3 red August closing at 855¢c. Corn—Receipts, 151,700 bushels; exports, 110,400 bushels; spot’ weaker; No. 2, 4215 @1423¢c in elevator, 481 @43%¢o aflgat;No. 2 white, 0c asied; ungraded mixed, 413{ @H3gei steamer, . mixed mominali gptions” firmer but dull; July closing at, §C. - Gaia—Reoolpts, 4,000 bushols; exports, none; spot dull and }@:{c higher; options quict but_firmer: Joly, 2c3gc; spot, No.2 white, 33@38}yc; -mixod ~ western, 25@ 20c; white wostern 83@3%c; No. 2, Ch cago, 28}gC. Cotteo—Options opened baroly stoady and 10@20 points down, ¢loséd barely steady and unchanged to 5 points down, quiet. Sales 2,500 bags; July, ( $l4.55@14.00: Augus! $14.55@14.50; Scptémber, $14.0@14.75; spol August, August, Flour,... ‘Wheat..... market stoady end' quiet; fair cargoes, at, |- $17.75. Petroloum—Quiet and steady; United closed at 947¢c. i Egrs—Quict and easy; western, 14@14}{c. Pork—Quiet; mess, $12.50@18.00. Lard—Stronger but quiet; western steam, $6.65; August, £.03, bid. utter—Choico, steady; moderate aomand; wostofn dairy, 10@13c; creamery, 12@16}c. " Cheese—Qulet; western, 6 @7igc. Minneapolis, July 20.—Wheat—Sample wheat weak; recsipts uid_shipments, nono. Closing: No. 1 hard, July, $1.013; on ' track, $1.03@1.04; No. 1northern, July, 66c; Au’ Rust, 52c; September, 19}gc; Decembe: 803 on track, 96c; No, ¥ northern, Jul 8lc; on track, Si@s7c. Cincinnati, July 20. —Wheat—Firm; No, 3 red, 78c. Clorn—Firmer; No. 2 mixed, 863@37c. Oats—Quiet; No. 2, 27c. Whisky—Steady at $1.02. HKansas_City, July 20.—Wheat—Unset~ tled; No. 8 red, cash, 660 bid; July salos, 60c; August, 65%c; No. B8 red, Augus sales, bc; No. 2 soft, cash, 6}c bid; Jul 670; August 063¢c. Corn—Quiet; No. 3, July, 2S¢ bid; Augu 273¢c. Oats—No. 2 cash, 200 asked; September, 150, St. _Louis, July 20. cash, 7dc; August, 733 Corn—Firm; cash, 82j¢c; Augu September, Oats—Entiroly nominal, Pork—Firm; cash, $11.50, Lard—Nominal at .00, Whisky—Steady at $1.03. Butter—Easy; creamery, 13@14c, Liverpool, July 20,—Wheat—Firm but demand poor; holders offer moderately; No. 1, California, 7s 13¢d@7s 2d per cental. Corn—Firm aud demaud fair. Stonx Oity, July 20—Cattle—Receipts, 50; shipments, 110; market lower; fat steers, $3,00( ;' stockers ana feeders, $2.10@2.80; veal calves, $2.25@3.00. Hogs—Ieceipts, 9003 market 5@10c stronger; light and mixed, $512§@4.40; heavy, $4.15@4.25, Milwaukee, July 20.—Whoat — Easier; cash, 79i{c; September, 7 Corn—Dull; No. 3, 83 No. 2 white, 253o. 3 ; 'No. 1, 420, Harley—Steady; No. 2, September 61@620 bia. pork—811.20, Wheat — Lowe: September, 74, e Provisions—Firm; AR The Dues on a Ewe. The supreme court of the Sixth judi- clal district, after taking the testimony and hearing arguments of counsel, hus vendered a report in the novel and re- markable suit of Catherine A. Freer aguinst S. L. Sladd g executor of the ostate of Amos Ellison, deceased, saysa Middlotown, N, Y%, digpatch. The story of thé cfaim is this: In 1841 Minard Freer, father of the plain- i and now decous ¢t Amos Ellison, who was then a l‘;iy; ave a ewe sheep under an agreemant that whenever de- manded he should mike return to the lender out of the ptayal increase of the flock produced by theewe in the geo- metrical progressfoi’of two for one every fourth year.. Jilison. kept all of the progeny of thaaws up to the time of his death, 1n 1882, no demand having been made upor hip gp far as appears, for the share belonging to the lender of the ewe. 1710 Recently, lluwcv«t,‘ Catharine A, Proorias the heiror the londor. Minsrd Freer,brought an action in the supreme court against the Amos Ellison estate to recover the stipulated proportion of the natural increase of the ewe for forty- one years, amounting to 1,25) sheep or the equivalent in cash at #3.50 a head, amounting to 34,480, Referee’ Murvin in his report to the court does ot pass upon the question of fact in issue, but holds that the suit cannot be maintained, being barred by the statu - of limitations. s A Change of O Harpr's Bazaar. “A nymph of the wood," he called her when 8ho tripped over mountuin, field and glen; But then—alas for bis fancy free A nywph of the woullu't siic proved to be, THE PROPOSED BOULEVARD Where it Ought to Run and the In- tervening Difficulties. REALTY IN MIDSUMMER. isdom of |Harly Suburban Specula- tion—~The Season's Building and Prospects for a Hotel and Opera House, Eto., Another Boulevard, The park commissioners have had under consideration for some time the 1da of con- structing & boulovard along the north and west sido of tho city. Their hands are tied for the present by the lack of funds, but they desiro to bring the mattor to the attention of the public in order that the ques. sion may be thoroughly discussed, aud also {n tho hopo that sevoral public-spirited citi- zons may be induced to donato the right-of- way. The details as to the route, cte., have not yet taken definite shape, but the prevail- ing opinion scems to be in favor of @ boule: vard ‘beginning somewhero about Kountzo Place, or as much farther south as can be arranged, and running thenca north, close to the buffs, to the vicinity of Florence. k'rom this point'a_turn will be taken to the south along one of the high ridges commanding a full view of the city, and continuiug nlong this along the west sido of town to Hanscom park, aud eventually to the South Omaha park. The commissioners state that this is a mat- tet which must depend largely upon the gonorosity of tho citizens along the line of the proposed route, uud they cxpross tho bellef that a driveway of this character will _enhance . the proverty to an extent that will amply repay any donation of right of way. If it should bo necessary to condemn the right of way it would practically kil the plan, would entail too much exponse. Realty in Midsummer. Building associations are the great equal- izors of tho real estato market. Big pur- chasers come along and mako a deal for a choice section of residence property, build or promise to build cable lines o it and use every device known, and there are but few they don’t know, to boom their property on the market. This lasts for a time and then the_building association steps in, buys the medtum-priced blocks and goes to work erecting homes and residences for the middle class, whose only hope of securing the own- ership of & house and lot is by paying for it in weekly or monthly instalments. Suburban property has been passed into the improvers' hands in this manner until the market is fairly well cleared of it. Next year tho seekers of homes of this class will have to g0 to tho adaitions which a few yeare ago were looked upou s farm prop- rty. ‘The irrepressible demand for homes will put an immense amount of this so-called outside property on the market in another yoar, vindicating the foresightedness of the projactors of those suburban additions who were laughed at A year or 80 ago. Keal estato men are very hopeful over the outlook. Snid one of them yesterday: “There aro dollars headed for Omaha where cents could not bo secured two years ago. Just now the eastern capitalisis are away for the summer, buta month from now will find a large amount of castern money seeking investment here. You can rest as- sured that wo will see a new hotel and a new opera houso started here bofore snow flies. Capitalists recogaizo a fact that our own cit- Yizens don't- seem to ¢, and that is that there is more moncy being invested in build- ings in Owaha than in any city of its sizo on this or any other continent. Transfers are increasing in num- Ler, proporty is advancing in price and I predict a fall season of unexampled activity. Can't T show you a nice building site, which you can got .at a bargaini It's the biggest chance—" 'The reportor broko away and Rgave his attention to the transfers, which votal for the week us follow: valuo of abutting The following aro among the representa- tive sales for the weel: J. Q. Gaston to E. E.” Savage, lot 27, block 11, Briggs place , $,330; C. Hennesoy to I\, . Moores, north 15" of " lots 2 and 3, in block 2, Kountze & Ruth’s addition, $10,000; Boyd's Opera House association to 'O. M. Carter, 77 feet on_ Farnam streot, cor- ner_of Fifteenth, $250,000; G. k. Eisasser to Franciscan Sisterhood lots 1 to 4, block 1, South Omaha addition, $5,000; F'. Havelka to L. J. Ryan, lot 12, block 74, South Omaha, 7,000 L.J. Ryan to C. L. Wright, lot 12, block 74, South Omaha; £5,250: H. B. Januo: son to J. J. Dickoy, lots 1 to 24, blocks 1,3 and 8, Harney place, $8,000; Charles Riewo to M. Bockey, lots 1,2 and 3, in block 6, Arbor place, $5,000; ' Lonis_Crombie to Charles' Corbett, 'lot 6, block 76, on Capital avenue betwoen Fifteenth and Sixteenth streets. Building Matters, There is no decreaso in the number of residences of & better class, for tho con- struction f which permits are Leing issued in large numbers, G. B. Hengon is building a two story stone residonce on Sixteonth, near Shor- wood avenue, to cost $10,000. Goorgo 1. ‘Trimbell is building s $1,500 home ou Fifth street, near Poppleton ave- nue. J. N, Culby 13 bullding a 83,000 frame res- idence on Douglas street, near Forty-second. Alex Moyer i building a 83,000 frame res- idence on Douglus, vear Forty-second. D. V. Sholes is building o $3,000 residenco on Georgia avenue, near Fortioth. N. O. Brown is building cloven frame rosidences on Twenty-sixth stroot, between Hickory and Center streets, cach to cost £3,000. C. . Wellor, managor of the Richardson Drug Co., is building a $10,000 residence on Wirt stréet noar T'wenty-first. F. M. Sloman is building a $5,000 residonce on Shelden street. D. J. O. Donahug is building two residences on Graco near Twenty-first and one on Eighteenth near Grace, cach to cost §,000. Frank Murphy has commenced work upon his $25,000 residenco on St. Mury's aveuue near Twenty-second strect. Poter Windhoim will build a block of brick stores on Jones stroet near Lhirteenth to cost $10,000. A. K. Riloy has_secured a permit for the ereqtion of a five story brick warchouse on Douglas street near Eleventh 1o cost $10,00, John F. Coots is haying o $5,000 residonce built on Orthington street near Tenth, v D. Kennedy is building & $3,000 home on Farnam near Forty-sccond stroot. James Ledwich is building a §5,000 rosi- denco on Fortieth stroet noar Davonport. S. A. Huntwon is building & $,000 home on Twenty-niuth near Ponpleton. “The transfers for the week are as follows; Monday. Tuesdny Wedues, ‘Phursday Friday Saturday Total 814,975 A Big Manufactory Assured Tho Omaha Stove company has filed arti- cles of incorporation and proposcs to be Teady for business in timo to supply the fall wade. The company will make & specialty of the manufacture of a cook stove invented by A. H. Russell, of Kansss City. The company has a capital stock_of $100,000 and is oicered as follows: A. 8. Potter, presi- dent; John B. Flack, vice prosiden Upton, secretary and treasurer, tors are A. 8. Dotter, Jobn F. Flack, R. McEachron, W. C. Hulett, A. H. Russell, C. C. Georgo dnd M. A. Upton The Olearance Reco “The bauk clearings for the wosk total s follews Monday . Tuesday . Wodnesday Thuredsy. Friday Saturday Total Incroase year, 11.8 per .88 ing wook JNSTRUMENTS placed o record during yesterday. J D Montgomery to Wm Bokhot, lot , blk 18 Myers, Richards & Tilden’s add, i d.8 1,000 Noah dn-('mu%’h and wife to A 1§ McCon- nelt, ptiot 2 bik 6, Lowe's 2 add, w d M Morrison, trustey, to 1 8 Hascall, lot 18, ik 2, Mount Dongias, wd. ... A Jonsen and wifo to 1,0 Putnai, Tot 6, blk X, Shinn's 30 wdd, w d HJ Pruyn and husband to I, TS 8 4 lot 10, blk 10, Plainview, w }l . Ishmsel Brink and wife to R H Stires, lot 16 and n % lot 16, bik 4, Plainview, w d Ishmael Brink and wifeto A P Brink, lot 14 and s 45 lot 16, bIK 4, Byron Reed et &1t John 8, bk 2, Campbell’s & J B Matlénder and wife lots 10, 11 and 12, bik Portland place, iots bk 9, Hitchcock's 1st add, wd Storns to R A Burr Onk, w d G A ‘\\')':\'.l to 8 Otls, 45x124 in nw 10 W d p wd Y G M Hitehcook and wife to ‘A 'Scott, Tureene, lou o1 oehine, 1ot ox's add, w . M S Lindsay, iois 22 and %, Burdette court, w d NA Kuhn, trustes, to M 1} Bublitz, lot i, bl %, Crelghton Heignts, W d 5 Gores, clerk, to J H Baldwin, iot DIk 160, Omaha, deed. ... .. M Elgutier and wife to Wi Donnel 2 A H Saundors’ add, wd. . 31 Burns to L Ritter, 1ot b, blk 4, Shriver Place, wd T Jghn Widenor i Jlot part G E Darker and w tax Tot b, soc I J 7T Dillon and wil 10t 5, sec 15-15-1 Lot wife' toJ H Har Wit il to J T Dillo 5, PATt tax Twenty-one trénsters. ——— That Fourth of July Baby. Chicago Tribune Hail, Gloria Columbia Ottofy, Daughter of Chicago and the day we celo- brate! Tnto this living, breathing world amidst “The fizz, sputter, bang, and snap With which th' inappeasable small boy Patriot and howling nuisance jubilates Ono dreadful day in every year, thou cam'st! Immortal babe! Thou bounoing infant! For nught wo know thou wast the one re- quired To round 1nto completeness the exact Eleven hundred thousand population Of the Garden City, Thou art a souvenir, As 'twere; a twelve-pound memorandum, Token, and keepsake of annexation And of Independence Day. To namo thee, chila, Th' nventive genius of the great northwost Hath exercised itself. Nay, suggestions came From every portion of this fruitful land. Loug mayst thou live to wear the name of Gloria Columbial And as though growst to years of woman- hood May every grace adorn and make thee fit To be lifelong companion to some man— Some noble and pure-minded patriot— Whose patronymic is not Ottofy. WONEY FOR THE LADIES. Rhine stones may be worn on belt buckles, Gloves of chamois skin are the things to wear on shopping tours. Underclothing of pale pink is now occa- sionally trimmed with black lace. Silver faced cloth is n popular material for stylish tailor gowns for the scaside. A new buckle for ladies' summer belts is in'the design of a silver Grecian lyre, An oddity 1 silver jowelry is a lady's bolt buckle shaped hke a large wishbone. Turbaus are trimmed low, the edge of the crown being simply followed with ribbon or birds' feathers. ‘Three small pearls in goid_star mountings on the surfave of a plain_ambor side comb are attractive in thoir simplicity, A wreath of roses, the larger blooms ap- pearing at the back, ropresents one of the most fashionable floral hats of the hour. A natty French gingham morning costume of block-patterned cotton, made up over a skirt and bodice_lining of ‘sott washing silk, may be had for $100, Some new and pretty Venotian organdics have appeared, flowered, checked with crossed bars of white silk embroidery, or broadly striped. The potter's art is coming to the aid of the stylish dresser. A handsomo vinaigrette made entirely of porcelain has boen pro- duced, To the Inexperienced eye it looks as though mads of ivor; Suede, wet sand, pale olive, Roman red, and silver, also soft tints shot with color, are noted among the driving or dust cloaks of light taffotas sillc, worn in_open victorias aud village carts at tho varions summer re- sorts. The lovely, cool gossamor gowns, mushin dresses and soft China silks and crepes have just now a beneficial effect upon socicty. Tho very appearance of thom scems to lower the temperature and dispel some of the sultri- ness and heat. Utrecht, velvet is tho stylish goods for walking costumes. It must be of a dove- gray color. The volvet resembles corduroy, and is made with a plain, straight skirt and a directoire coat which i ornamented with cut-steel buttons. Antique sleeyes and Marie Antoinotte fichus are added to many of tho tea gowns and evening toilets of crepe du_ Chine, China crape, and China silk, with uniquo and_pic turesquo effect. The' slceves are usually of laco matching that formimg the fichu. For dainty evening toilets fine silk crepa- line is in great use. ~ This toxture is shown in a variely of pretty colors. It may be made up either in princesse style with draperies or in empire fashion with soparate vosts, one of silk, the other of lace or point d’esprit net. Stylish afternoon drosses are made of old- roso cashmere, the backs in princesse breadths and the fronts cut off at the waist line with an empire or full-gathered vest of Chinasilk, finished with a softly plaited sash of the same material eaged with silk fringe and knotted at the left side. A correspondent notes that a quaiut and pretty fashion of quickly and charmingiy draping the bodice for diunor on a sultr: evening is followed at Saratoga and other fashionable resorts long scarf of tullo net or lissc is ty ving @ bit exposed just under the chin The scarf is fastened here and there with little glittoring gem-set lace pins and then brought down a trifle below the waist and the airy folds caught in snugly and securely under ' largo clasp or buckle. Tho leng straight ends aro simply hemmed, and th frequently reach to the foot of the gown. Notion to Contractors. South Omaka, July 10, 1880, Sealed proposals will be recoived at the city enginoer’s ollice by the committes on viaducta, stroots and alleys until noon Monday, Jut 188, for gradiog Q street from ZAth 'si 224 ‘street. Approxi Am yaras, oarth excavation, 1o to be tompleted within forty d; tract therefor binds and takes of must he accompanied by @ certified cliock thres hundred dollars, suic 5 10 bo re: turned on all bids not wocoptod The rignt to reject any and all bids is re. sorved, Plans and spectfications can be city engzine:r's ofice, X, B, T Chalrman Yisducts, Streots and Alle: Juidlie HALF AGRE LOTS. $225 to $325. are only 4 blocks from Omahs 8 850 cash, und #2) each 3 moaths, KELPIN PLACE. Lots are 25125, face south on Burdotte street; 4 blocks to car line; ¥ each. Van Beuren Heights AND Harlem Lane. Lota 25100, 8275 eucn; 810 cash and & per wmonth; only b LIocks to OLor Fallwiy. VAN BEUREN, ©esiat WEEKLY BUSIVESS REVIEW. No Change In the Foatures Governe ing the Monoy Markot. NEW YORK EXCHANGE QUIET, Trusts Oroate the Most k All Securitios in k Spoc lation — Grain Attraots Good Attention, oltemont of A Resumo of the Wirolo Couatry, Citicago, July 20.—[Special Telogram to Tug Bk, |—Tho gonoral foatures governing the monoy markot have undergone no chaugl during tho past wook. Tho bauks have thelr discount linos loaned up as closo as they dare have them at this soason, as thoy fonred & call for a bank statoment and wanted to ba in shape for it. Their foars, however, have boon allayed by the issuo of a call for a state- ment of their condition July 12 Crops are beginning to move m tho southe west, but as yot they Lave mnot reached sufticient magnitude to absorb & large amount of monoy, but bankers are looking forward to It and are prepared to furnish all the funds thut may bo roquired. Merchantile and manufacturing interests also are calling for more than their usual amount of assistance, and they have been the largest borrowers of late. The bauks ulso ave carrying large lines of local securi- tios, and these, with the calls from the mer cantile trade, koeps taeir funds well em- ployed. Rates remain firm, and the fact that tho month of July is half gone, the outlook for a acline is not at ail flattering and creates the impression that there will be no chuuge tho romainder of the month. Five per cent is the inside for 1l loaus, and they range up 1o 6 per cent, with ver cent as the average. Time paper commands 6@S por cont. Thero is a fair amount of commercial paper offered on the open market, which pays 5 por cont, and it is onsily disposed of. At the cast the market is steady, and as bank reserves aro down to a low point, there is apparently no disposition on the part of bankers to loan atextremely low ratos, and little monoy is put out below 3@3ig per cont. New York exchange was quiet, with salos at 25@30 conts discount por 1,000, the close being 40 conts. Intorest in the New York stock market ran_ largely to “trusts” The oxposition made of their issues last weck st the pub- lic, who have be cu the largest buyers, to ro- flecting upon the condition of their hold- ings. The large issue of lead ‘‘trusts" certificates croated an apprehiensive foe ling, and freo unloading resulted. Selling orders came largely from Chicago and prices for lead declined over 3 points. Sugar, after advancing 3 pomts, declined 5 points. Chi- cago gas “trusts” lost 3 points and cotton oils 2 por cent. The ovening of the week was moted for its strongth in the general list. London came in firm. Foreigners appeared to have confl- denco in the future of Awmerican so- curities and bought them. Karly advances, however, with fow exceptions, were small, grangers showing the most prominence The rate difiicuitics in the west, although in 1o better shapo than for a weck past, were not regarded with much alarm. Crop pros- pects are favorabls and operators looked more to the future than to the present and manifestod a fair degree of confidence, which was in o measure due W the reports of nego- tintions for the purchuse of the Cicago, Burlington & Northern by the Chicago, Bur: lington & Quincy, which would in- sure peace. Northern Pacifios be- came quite active, The Big Four and the Cleveland, Columbus, Cincinnati & Indisnapolis developed wonsiuerable strengti and scored good advances. Chicago sold “trusts” without stint. The closing days witnessed free gencral selling of tho entire list_and o snarp decline in prices, Trading during most of the week was light and frequent periods of dullness prevailed. The aggregate sales for the week were 000 shares, against 1,221,000 shares the procoding weel, ‘The leadingrgrain markets attracted con- siderable attention during the past week and trading was _qui uve 1 all branch Spe ive trading was brisk, mainly on conflicting _crop news, and the shipping branch of the trade was fairly active, as buyers were dispo to take advantage of the recent reduction in froights. Prices, as rule, have been more favoruble to sellerd, though with considerable _irregularity. The movements of grain toward central markets havo been moderately freo, beiug increased to some extent by the new crops, The movement of grair. toward the scaboard has been quite large, chiefly of corn and oats by the lake route. Farmers are now busily en- gaged in narvesting oporations —securing their hay, oats and rye—and in some seg tions ure’ threshing out their new wheat, and consequently receints of grain atsmaller stations have boen somowhat modorate, The weather has been ratbor wot aud stormy in most sections. which has interfored to some extent with farm work, Crop advices indicato that the outlook is favorable for good crops in all sections of tho woest, excepting in southern and central Dakota, Ieports from European countries are somewhat confliot- i » will undountedly have a d potatoes, but in castern Europe the crovs have sustained more than usial dam: d will be smaller than in 188 markets have shown little m cugth and ade vices from abroad holders more cncouragement. Speculative trading bas 10 more deferred dellveries. fons attracted a littlo more specula- tive attention und pricesaveraged lower. In tho shipping branch of the trade, however, business was comparatively higher. Pacie ing of the west exhibited a further material roaso and the quality was well maine 51 By ipts of cattle rather free and prices b Leeds shoked a 1ittlo mo; speculative inquiry s ruled highor sor the principal description, T The Picnic Ants, Canon City Reeo Oh, the red hot, naughty Holv they clamber up you At the picnic in the cool #id shudy glen— How thev soom to take deiizht in ‘The obnoxious snort of biti Giddy girls and modes hogs huve boon favored buyers, trongth, due to and 1t's delightful when on To the damsel he 18 wooin To feol the playful creature in Lis pauts. Aud upon the ambient air He throbs a soulful swea inseots bobbing onc's system in their merry There's but onoe way you ean right 'em, And that is o flee aud Aght 'om Noath the shadow of some distant, friendly tree, 2 = Roses and Orange Blossoms, Fredertck Langbridge, ing, on dainty toes, imbs for a bright red rose; Hroaking away frowm the net's control Over hor shoulders the ripe curls roll. An indolent, stranger saunters by, Stands still o gaze with a starticd eye And, oh! the blush on_ner cheok that glows idas shamed tho huo of that poor white rose] ‘e bud that June discloses July’s bot br “Then hey f ¥ roses reloug year, st lone rose in the varden grioves, Dropping to earth its scentless loaves, And far and wide o'er the russet lana The yollow stacks of harvest stands, But the blush on the muid Is bright ua the rose of the ripened Ma; Though orange blossoms, faint and fa) ¢ sheen of Ler vipply bajy, Lud that June dlscioses s hot breath will sere; Then hey for hardy roses “V'out bioom 4 liveioeg yene,