Omaha Daily Bee Newspaper, September 29, 1889, Page 15

SUNDAY, SEPTEMBER 29, 1889-~-SIXTEEN THE CONDITION OF - TRADE. A Good Supply of Money and au Active Demand. CLEARINGS SHOW AN INCREASE, Jobbers Report Business Lively and the Outiook Bright For a Hand- some Gain in the Year's Total In Goeal Trade Circles, The clearings of the week, as footed up by Mr. Hughes, footed $3,783,470.05, an increase of 11 110 per cent. Balances wore $682,28.80. Money is in very good supply, with an active demand from jobbers and manufacturers, supplemented by liberal calls from builders and contractors, who are pushed to the utmost to All their contracts and get their work under roof before cold wenthor sots in. Rates are therefore pretty steady, but 8o long as the demand is readily supplied there scems to bo but little com- plaint. Jobbers say trade is very good and increas- ing daily, and the year's business will surely show a handsome increase over 1588, Col- lections are fair, and outstandings are not as large as usual at this season, when the vol- ume of business is considered. The outlook in the wholesale and banking district 18 very comfortable and snug from all sides, and a contented feeling seems to provail. Retail trade is not so good owing chiefly to the dry warm weather of the month, but our merchants evidently nuve confidence that a demand will arise as soon as they have stocked up heavily with a finer class of goods than usual and look for ample returns. Prices on most staples are steady and firm, The activity in the iron market throughout the country indicates general gotivity and all descriptions of merchandize aro held stiff, as a rule, in sympathy with that great and controlling staple. Sugar shows more signs of weukness han any other article on the grocery list but no material decline 18 to bo noted. Coffces are firm for choice grades of all varieties, though Rios are not 28 strong as could be wished by the *‘bulls,” and the tendenc ws to be to lower prices; when we remember that it tukes two bustiels of corn to pay for oue pound of the poorest grade of coffes, u_discrepancy 18 surely apparent. Macl have become a luxury, with no better prospects in sight, as the catch this year is fully as deficient as last, ried fruit, both foreiwen and do- mestic, are higher and likely to stay so. Peaches, both canned and evaporated, are scarce at points of proauction. Butter has advanced under an active de- mand for the better grades, but there is much of the so-called dairy grades, which is bue little bettor than grease, stored all over tho country, and until this is disposed of, by export, probably, there will be a dopressed magket for butter. o New York shipping list says of raw sugara: The publication of the first de estimatos of the Buropean crop by M. Lich foreshadowing u crop of 3,155,000 tons once more unsettled the markets of the world, and created a aepressed feeling that has been intensified so far as the local situ- ation is concerned by the continued dulln of the distributive movement of refined, not- withstanding, toat a cut of fc, has been made by refiners, and accordingly business bas been at a stand with values, eotirely nominal. Throughout last weck the FEuropean markets re- flected a wenkening tendency, which ‘was said to be due to the general dullness of trade and the amproving condition of the growing bects, but an increase of 240,000 tons 1n the prospective yield of the best crop, over the provious intimations that had been given precipitated a radical decline in values, and created n more bearish sentiment respecting the outlook, and put un end to all efforts to trausact fresh business in this market. The slow outlet for vefined is vtho most importapt . factor bere, for notwithstanding a reduction in price dealers show an unwillingness to buy beyond their absolute wants which de- prives trade of its olasticity and handicaps the operations of refiners. The country evi- dently displays a lack of coufidence that is significant, and the belhief prevails that even present. prices cannot be maintuined, and so long as this feeling predominates the statistical po sition of supplics is lost sight of. There has been no evidence of any pressure to sell on the part of bolders although it is admitte that lower prices would have to be ac in order to effect sales, while th ness of refiners to make bids renders the uation entirely nominal with respect to val- ues. Kefloers have been in the rec of fresh supplies by direct importation y East India descriptions which, with their stocks in hand, are ample for present wants in view of the slow outlet for their produc- tion, Tue market left off yesterday dull, ‘weak and unsettled, And of Brazil coffees—crop news has again caused an unsettled feeling, and re- sulted in sharp decline in values both here and in Burope, and with very little disposi- tion to trade the market has ruled dull and weak. On Saturday a cablo from Messrs. P, 8. Nickolson & Co., received here by way of London, reported weather favorable for Ri0, and the sccond flowering promising, and since then vhe has been evidence of more or less anxiety on the part of Santos holders to sell, several low firm offers haviog been on the market, all of which bas caused buyers to hesitate, aud ~sules havo been dificult to effect, even at conoessions. In addition to the moderate proportions of the distributive movem dealers aro pretty well stocked with sup- plies at comparatively high prices, which, in connection with mueh brightor crop pros- peots than have yet been given, necessarily rlltllldumpnrun( sh business, The trad- ng in optious has likewise displayed a list- less, weak fooling, with a disposition to un- load on the part of bulls, but the decline has been most marked in the distant months, - OMAHA LIVE SYOUK. Catul Saturday, Sept. 28, , ‘There was not mucl to do with in the way of beef cattle to-day. There buve beon days when the beof supply was light, but to-day there were practionlly no beoves here. The market was nomally steady ut vestorday’s prices, Tho demana for butel Stock was light und the same thing was true of the supply. A few cows sold at $1.50@ and asmall bunch of westerns brought $2.00. ‘The bulk of all the cattle here was made up of feeders, which moved quite trecly for the lastday of the week. Quite s gaod muny western feeders s( 40@?2.55, To-day’s hog warket experionced a dacline of B(@10c on heuvy weights, while light hogs were easier. Tho market on heavy hows opened with the shippers paying about yes- terday’s prices for the best, and a very fancy loud sold us high as £1.00. “This state of the trade was of very brief duration, and prices were lower aimost immediatcly. As the later trains volled in heavily loaded, bring- ing the receipts up to a hundred cars or more the market flattened out and the buyers were bidding fully 100 lower, ana in some cases 15 lower, ‘During that time quite #ood many hogs sold 100 lower, For u time the trade was very slow, but as the later ad- Yioos from eastern points were a hittle more favorable, and as it bocame apparent that there wero noue too many hogs to flll all the orders, the market recovered & good deal of its lost strength, and tho bulance of the offer- ings soon chauged aands. Light hogs sold principally at $1.05 as agaiost $4.0714 on yes- terduy. Prevauing Prices. &[ulluwum is 4 tabla of pricas paid in market for the grades of stock mon- Prime steors, 1300 to 1610 1bs. §3.00 Good steors, 1350 to 1430 lbs. Good stoers, 103) 1 1500 1bs. ‘Western stoors. .. 0 canuBers. . lnary o fair cows, t:)om:nl‘ cows. .., choice cows.,.., Fair to good bulls. ... (@4.50 @410 (3.0 .00 @ (@180 @3.00 @340 @0 Laght stockers and fealors Good fesders, 050 vo 1100 Ibs, . Fair Lo ohoice light hogs, Fair to choice heavy nogs. Fair to choice mixed hogs. ... Common to rough hogs. Represontative Sales, oATTLR, Pr. Av. .. 1085 L1076 WESTERN 3 cows. 1 steer, 1 1068 1 1 w002 2 50 55 80 80 No. 2 12.. 18... STOCKERS. 0 6 00 6 PREDERS, 2 80 HEIPERS, s ... BULLS, 05 OXEN, CATTLE. Av. 039 oders. .. Bcows.. 1 steer.. 6 oxen, Rockford L 42 Bay State Li 2 feeders...... roders ., 6 feeders L1020 1250 . 000 L1165 vouets 118 Stock Co.— 1cow... T. J. Swan.— 51 cow: Swan & Che ) c b I Sh. hir ws ders. 05 feeders, Pr. 160 &3 65 120 20 120 120 80 120 120 S0 120 210 [t 51... [id 201 .00.210 263 167 63....284 L1271 . +.1300 Vi ani 1800 voaees 1176 No. Avw. 59....801 Bl,...27 Sh. @2.60 @3.90 @4.07% @3.85 (@400 @3.75 Pr. 00 50 2 50 00 00 55 5150 54 10 10 225 2 40 Pr, 200 160 50 200 57....814 T4 58 80 40 40 120 On the Market T Gus Bradonberg, of Mol hogs. C. W. Lumm, of Henderson, on the market. 8., S0 40 4 05 200 4 05 4 85 4 05 405 had hogs Bruen & Huntington brought hogs in and are looking for feeders. G. up from Langdon, Mo. Sackett & of hogs fr James (¢ v Bluffs, Hammond came in with two loads of butchers’ stock. w. the m . Baird brought two car loads of hogs awks sipped in four carloads from Cereso S. Bruen, of Oakinnd, Ia., had hogs on ket and was looking for feeders, J. R, Burkholder, of Woodbine, Ta.,was on the murket a long tim and had lots of heavy hogs brought to thi and Mr. Burkhold: one of the market for r topped the finest market for mounths on heavy hogs, getting $4.00. John Lucey, West Side, la., was here look- ing over the cattle cholera has marlket, viemity (Crawford county) there are @ good many hows and cattle, put o an avpearance are southern part of the county. Omaha will have a fat stock show, to come immediately after the Dains or expense will be much alive people to make the show and well worth ce attending.—! Chicago spared ern Live Stock Journal. The following par.nits we Crops in large show. by those that and The wm the No a suc- rtiwest- Building Inspector Whitlock yesterda, cottag Thomas Davi; toenti D. Mclntyre, cottag nfeh . Grant and Fwenty Frank ‘Miltholer, divelling, " Olio’ irty-fourth John L 8ha’ Fortfeth. . M. Dom and Thirtieth e d M. Donuelly, two fourth and M. Donnelly, by K sto Burt. .. ddition, ' Hamilton’ and fats, am and Twenty-ninth av.. William Rocnefelt, two-story Eizhteenth and Castellar. Five minor permits ‘Chirtegipermits, aggre Intornal - Internal Revenue Revenue Collector and Changes. Peters has commenced to replace some of the Cleveland democrats holding ofice under his jurisdic. tion with good republicans. ‘W. Tierney He has put G, into Ller & Co.’s as well as A, Frick & Co.’s warehouses, us gaugor, releiy- ing ¥, B, mith, Inasmuch as Tierne held @ similar position at the Willow Springs dis- tillery, his trausfor caused a vacancy there, which'was giv: Hughes store lery, to C. and Calkins have been named as keepers at the Willow Springs distil- . Gedultig and a8 BUCCOSSOTS H. Wilson, to (. Johu Steinhart, removed, A Unigue Th> Knox Presbyterian church, on Nine- toenth and Olio, was the scene of a unique entertainment Friday evening. Messrs, There were seven booths, each representing a day i the week. Thus Monday was wash day; Tu day, ironing day: Wednesday, mending da; Thursday, reception day; ¥Friday, sweeping day; Baturday, baking day. suitable to esc booth. Rofres hments day were served in each The suceess of the affair was due in A great reasure Lo the personal efforts of Mrs. Hayer, prosident of the Ladies' Aid s0- clety. T Marriage Liconses. The following licenses were issued by Judge Shields yesterday : Name and Residence. ) 3. P. Swith, Omaba. ........ i Knma Warren, Manbattan, Kan. Theodore Carey, Omah: Olie Poterson, Omaha., Wiley Hickey, Topeka, Kun. Hetty Royster, Omaha, .., —— Small Customer -Mamma wants & pound Grocer — All right, of bouneless codfish. sonny. Aunything elset Age. it Au’ a dozen eggs. 1 guess she wants thew boneless, too." THE SPECULATIVE MARKETS. Wheat Showa Its Only Firmness s at the Start. SPIRITLESS TRADING Oats Show Up Rather Firm—Pro- visions Prove Fairly Intorost- ing—Cattle Business About the Same—Quotations, IN CORN. CHICAGO PRODUCE MARKETS, JicAGo, Sept., 27.—[Special Telegram to Tur Ber, ] —The wheat market was firm and even strong oarly today, butas a whole it was heavy in tone, and a sharp decline oc- curred in the last hour and a quarter. Sentiment was bearish, though great caution was exercised in starting the market. Thoe demand was moderate and offerings were not excessive in the first hulf of the session. Four out of five of the operators who were were “whooping things up” a few days ago are outspoken for a reaction. Cables came along earlier than usual, and the blackboard was distinctly not bullish, For that matter it has not been bullish for two weecks, the interior recoipts being largely in excoss of the shipments, while exports are discouragingly light. A ereat deal of steam has been let off in the speculative market since last Wednes~ day, and, a8 no new fuel has been added, the feeling is that of languor. Indications would point strongly in the direction of a further reaction but for the one fact that stocks of contract wheat are dangerously light and the quality of arrivals continues to make a poor showing. [t is true that the advance of the past ten days has started considerable wheat forward, but only a small percentago of it will come to Chicazo. St Lows will get the bulk of southwestern wheat and Duluth and Minneapolis the bulk of northwestern whoat, The movement in the northwest promises to increase to a larger volume proportionaliy than further south. Indeed, the principal factor of weak- ness to-day was the assurance received by well informed people that a very ur mand for cars in Minnesota and Dakota por- tended a very heavy movement of spring wheat next week and possibly for consider- ably further in the future. Disoatehes from Duluth early in the day mentioned the work- ing of 75,000 bushels of hard wheat for ex- port, but this could not be confirmed. New Yorlk advised that eight loads had beea taken there for shipment to South Amer- ica. The local market did not display decided weakness until nearly 12 o'clock. Up to that time December hud averaged about ud May above $5%c, the extreme range having been 823 @S3% ¢ ' for December and 85@s5%c for May. During the last hour, however, values receded and the m: ket did nov manifest rallying power, Last o5 were at about the bottom and the tone at the finish was that of weakness, Decem- ber opened at Se, scld off ic, advanced to S3%(c, clung around S83¢ for awhile and ' then vanced to S3%/@s3ic, Mitchell leading in the buying. ‘Ihe market slowly yielded L/@#c and then sud- denly broke off to 823c. The recovery to s21;c was followed by a decline to S2igc. Uhe last fifteen minutes of the session were not marked by especially new features. 'The closing quotation on December was $2%e, o net loss of #5c. May sold at the opening on a vasis of 8517c, then off to S5l(c and up to A decline to S5l (@8Hly lowed and subsequently a bulge to Shige. The long brezk carried the pri Si8{c. The close was Shigc. Sepiember runged at 813 @S03¢c and closed at 80%{c. Trading in corn was spiritless and the ten- dency was toward still lower figures, Tran- sactions are said to be curtailea by firmness and a scarcity of ocean tonnage. The ship- ping demand here confines itself at present largely to high mixed and lower grades. ‘I'here was again a good deal of changing be- tween October and December, selling out of the near and buying the more distant deliv- ery. The range of fluctuations was shightly wider than has been usual for some time, but a further loss in values was the ultimate outcome, September sold early at 31%c, but declined to Bll¢e, and closed at that, ana May sold from 337{c early to 333 mter, and closed ut 33%;c bid. Oats wer ther firmer to-day and consid- erable life was infused it the deal by quite heavy trading between Hutchinson and Sibloy, the former selling and the latter buying 300,000 to 400,000 bushels for May delivery. ‘Urading i near futures was small. Receipts are not_excessive, but seemingly suflicient to provide for the necessities of buyers. Closing quotations record small advauce in the whole list—a mere fraction, Provisions were fairly interesting. In October there was some buying by commis- sion houses supposed to be employed by ma- nipulators, and in later futures of pork as well as in lard and short ribs, trad- ing made quite a good showing for u day. There wus no marked activity at any time, but the easier turd to prices, as a rule, induced considerab] covering by shorts whose operations were well distri- buted throughout the session. Prices were affected by the continued good receipts of and predictions of local arrivals this coming week smounting to 120,000 head. Excepting October pork, the closings all around were lower than yesterday’s last quota omber pork the dechine suffe and Junuary la short ribs nd January pork 7lge. porks was 20¢ ugher, CHICA 8515 (@S5, ) LIVE STOCK. Curoaco, Sept. 28.—|Special Telegram to Tur Bee.| —Carrie—Receipts were about evenly divided between natives and Texans. Business was about the same as on any other day of the week. The few good steers on the market sold at $1.50@ 1,60, and plain stock dragged along as usual, in some in- stances selling a shade easicr. Texaus ruled steady and there were no rangers on sale. Choice to extra beeves, $1.15@4.25; wedium to good steers, 1350 to 1500 lbs, $3.00@4.10; 1200 to 1350 lbs, £3.20@3,80; 050 to 1200 lbs, $2.50@3.40; stockers and feeders, quiet at $1.00@3,10; cows, bulls and 7 bulk, $190@2.25; Texas . $1.60F2.15 for bulls and cows, and ) 200 for steors; natives and balf- breeds, §2.50@@3.50; cows, £2.000¢2.35, Hoas—The demand was active and _ prices steady. At one time in the morning in the Rock Island division a few loads of packers sold a nickel lower, but the general market was steady from the opening to the close. Packers paid $3.95@+4.15 and shippers £4.10@ 4.30, with butcher averaces at #4,15@4.50, lln:\l_u sorts $1.55@4.75 and singe sorts §4. FINANOCIAL. New YoRs, Sept. 28.—|Special Telegram to Tus Bee.]—S10cks—The bulls in stocks were not discouragel at the unusual trans- actions of yesterday, They very properly attributed the set back in railroad stocks to the eccentric action in sugar and the drop in Atchison, The cause of the weakness in those stocks, they agree, does not affect the rest of the list. They further contend that with such disturbances as existed most of the active stocks showed remarkable firmness, The holding of Grangers was excellent. F'resh gossip has started about the pool in Burlington, which will soon cause a sharp advance in that favorite stock, The intro- duction of natural gas at Chicago is also discussed 1n its bearings on gas certificates. The money question 18 a great obstacle to bull plans, and Sage and others, who are looked up to, say that the spasms are about over. ‘The openingto-day was marked by big offerings of sugar, Atchison, and Louisville, Bull commission houses bought freely on the declines. First prices, while somewhat fr- rogular, were generally lower, and declines from last evening's figures extended to 3 per cent, though sugar aud Jersey Central were each up )4, Sugar and Atohison, of course, still monopolized attention and each began anotber decline immediately after the opening and sugar dropped® per cent 87 and Atchison ) to 84, Thors tvas a partial reac- tion from these figuros, ‘biit ho material im- provement was made. - Phe general list, though Louisville & NAMliville, Reading, Missouri Pacific and Union Pacific showed considerable activity, was generally dull and fluctuaved over an extromely narrow range, while the general drift of prices was down- ward after the first few minutes of tradin Lake Shore losv '¢, but the others made ouly slight movements. Cotton oil declined to 473, against 40 last ovening, but recovered 10 481{ and sugar to 88%. The bank state- ment showed a further decrease in reserves, but this was already ' discounted, and the closing hour in stocks brought little chauge. Sugar recovered 10 last night's figure—00{. Atchison also returnod to 85¢. The Granger group closed with small fractional gans. Missouri Pacific galned !¢, Manitoba 14, Jer- sey Central 3 and Pullman 1 per cent. The total sales were 102,000 shares for the haif day. 0. 8. 48 regular. Notthern Pacific.. U848 conpons ... 13734 do preferred. ...... UL 8. figarogaiar. | 1055 C. & N, W.....0 UL 84144 coupons. 1064 do prererred Paciic s of "d5.... . 118 Jentral. ... Central Pacific " Chicago & Alton 0 0., M, &SP Chicago, Burlingt &gulnoy. ........108% _dopreferred. 174 St.Paul & Omal 116Y o preferred. 914 Unton Pacific... § WSt L. & P, do proforred . Michigan Cetitral. . 024| Westora Union. Missour! Pacific..... 764 Moxky oN CaLr—Fasy at 41§ per cent. Prise MEROANTILE PAPER —5 @7'4 per Steruixe Exomaxee—Dull and steady sixty-day bills, 8! 1207 Rock Island. Mining Stocks, New Yonk, Sept. 38.—[Special Telogram to Tnr Bre.]—The following ara the min- ing stock quotations: Aspen..... Holoner', Hestand. Caledonin B. Ontario, Chotler § {Ophir. .. Crown {Dceidental ..) Cashler. ... | {Plymouth mmon wenith. Savage...... lorado Ceutral Sierra Nevada, Deadwo LX0 |8 Gould & R 1] Hale & Noreross...2 0 Homestake T Horn Silver.... 125 | PRODUCE MARKHETS, Cnicaco, Sept. 25 —1:15 p. m. close Wheat—Lower; September and October, 8087¢; December, 82%c: May, 8475c. Gorn—Lower; September, 81%¢; October, 81'{c: May, 385c, Oats—Firm; September, 1h3c; May, 22%c. Rye—Scptember, 41%c. Barley—October, 65¢. Primé Timothy--§1.21. Flax Sced—Cash, $1.28; May, $1.37. W hisky—$1.02. Pork—Steady: Septemver and $11.25; January, .21 Lard—September, January, $5.871. Flour—Winter $2.00@4.40; spring wheat, $1.25@5.00; $2.50002.55. Salv Meats— noulders,$4.371¢ 50; short clear, & 62345 short ribs, 00, Butter—Fairly activej creamery, 16}§@25c; dairy, 13@20c. Chee: S 9igc: flats, 01 @10c; Young Americ @10{c. Eggs—Steady; fresh 161@17e. Hides—Steaay; light and heavy green salted, be; salted bull, 41gc; green salted calf, 5l¢c:'dry flint, 6@ic; dry salted, 6o; dry calf, 5@be; aeacons each, 20c, Tallow—Quiet, trifie weaker; solid packed, 3igc; cake, Hige. 200 B0 14 300 450 <145 ) 215 LL20 {Independence |Mexican...... Mutual. 19%c¢; October, October, $5.10; October, 8603143 ream cheddars, 9}¢@ na Receipts. Shipm’ts. iees 18,000 27,000 66,000 20,000 5000 500,000 Oats 3 162,000 65,000 Now York, Sept. 25. - Wheat — Re- ceipts, 204,000; exports, 82,000; spot moder- ately 'active, heavy: No. ¥ red, 85ig@sic; in elevator, 858 afloat, 8635@sT!{¢ f. b 2c; ungraded red, TH@ 873¢c: No. 3 red, 76i4c; options fairly avtive, Ji@!qc lower, steady; No. 2 red, September, 5 18-16 o coipts, 532,000 bushels: exports, 110,000 bushels; spot fairly active, weaker, No. 2, 40c: in elevator, 40%@40kc; afloat, No. 2 white, ungraded’ mixed, Bulg@ile, Outs—IReceipts, 141,000 bushels; exports, 1,300; spot firm, quiet: options firmer, quie September, 267c; October, 26c; spot No. 2 white, 281{@25ic; mixed westorn, 24@:?Sc, Coffeo—Ovtions closed burely steady, 16@ sales, 31,250 b Septé mber, October, £15. spot Rio firm, ggs—Firn; westerns, 231¢( Petroleum —Ssteady, quict; Unted closed av 89ige for October. Pork—Inspected moss, $12.25@12.75 Laid-—Quiet, easier; western steam, 6,6/ October, & Butter—Firm; western, 0@25gc. Cheese—Firm quiet; western, 39’ 3 Sugar—Steaay, quiet. Minneapolis, Sept. 25.—Sample wheat weak; receipts, 30) cara: shipments, 87 cars, Closing: No. 1 hard, September, 503 October, 793gc; on track, S1@S2 No. 1 northern, September and October, 763c: on track, 78@idc; No. 3 northern, September and’ Octover, 72¢; on track, TR, Mil cash, Corn— Oats. leye— Flour. Wheat Cor.... ker, Sept. 25.—Wheat—Easier; x5 October, T4lgc. Dull; No. 3, #2c. Quiet; white, 2214, sy ; No. 1, 4 Barley eptomber, Provisions—FEasy; porlk, Livernool, Sept. ~Wheat—Quief holders offer moderately ifornia No. 1, s Bd@is 4d per cental; red western spring, 78 Jgd@is 1}4d; red western wiater, 6s 0d @05 10d. Cora—Quiet. Kansas Ony,Sept. 25, —Wheat—Stronger; 0.2 hard, castl, and September, 65¢; No. 4 hard, cash, and September, 50c; No. % soft cash 2 bid, Corn—Stend, BT@d8 e, ash, $11.00. No. 2 cush and September, 24c; October, 925c bid; No.2 white, cash and September, 24c bid; October, 23c bid. Oats—No. 3, cash, September, 'and Octo- ber, 17c. Cincinnati, No, 2 red, 82 Coorn—Iirmer; No. 2 mixed, 82c. Onts—Firm; No, 2 mixed, 23i5c, Whisky: Kt. Louis, Sept, 28, cash, 8135c; October, 7ic ower; cash, Sept. 28, —Wheat—Steady ; — Wheat —Lower; #0; October, 203 m; cash, 1803 October, 18)ge, teady at §11.631;. e at §5.] Butter—Firm; unchanged; creamery, 2@ 2c; dalry, 18@15c, Whisky—$L032, LIVE STOCK. hicago, Sept, 'ne Drovers' Journal reports as follows tle-~Receipts, 4,500:, market quiet; unchanged 0ldo to. extra beeves, $. (@4.75; steers, £3.80@4,10; stockers aud feed- ers, $1.90@3.10; cows, bulls and mixed, $1.25 @2.35; Texas cattle, $.00w2,90; natives and half breeds, $2.00028.50. Hogs — Receipts, 15,001 mixed, $4.00@4.55; light, $4.10@4.50; skips, $3.50@3.7 Sheep—Receipts, ~ 2,000; market un- ; natives, $2.75@4.05; western, $3.00 ‘Texans, $3.50@4.10; dambs, $4.005.50 per cwt, Kansas City,Sept. 25, 5,200; shipments, 255 corn-fed stecrs, 82.90@4.75; stockers and feeders, firm, $1.60@3.50; cows, steady and lower at $1.85@2.50. Hogs — Receipts, 5,200; shipments, 8,100 market closed lower; light, $4.156@4.80 beavy and mixed, $3.70@4.70, Natlondl Stock Yard Rast St Louis, Sept. 28 —Cattle—Recipts, non shipments, 2,300; market steady; fair to choice heavy uative steers, #2.154.40; stool ers and feeders, §2.15@2.75. Hogs—Receipts, 400; shipments, 2,500; market higher; heavy, $3.90@4.25; packing $3.80@4.16; light, $1.15@4.50. Sioux City, Sept. 28, —Cattle—Receipt 850; shipmenis, 870; market weak; stockers and foedors, $1.60@2.70; cows, $1.00@1.63. Hogs — Receipts, 2,000; warket lower; &n&nud mixed, §.75@3.57'¢; heavy, §3.82%¢ 27, — market strong; heavy, $3.00@4.85; —Cattle—Receipts, common to choice WEEKLY RUSINESS REVIEW. Money in Great Demand By the Grain Interest. CURRENCY FOR THE INTERIOR. Sugar Shares Undergo a Decline on the New York Stock Exchange ~More Interest Mani- fest in Grain, ame of the Country. Cnicaco, Sept. 38, —[Spacial Telegram to Tur Bee |—Thero is an {ncreasing domand for loans from merchants, manufacturors , grain dealers ana cattlo feeders, the largost inquiry, however, boing from the grain in- terests, as the movement is inoreasing. There is also a good deal of grain being stored at interior pownts and sold against contracts in this market. Grain merchants throughout the west now look to Chi for loans, as they obtain them here more read- 1ly than in any other city. Cucrency is goi ng to the intorior in increased volume to pay for grain and live stock being marketed, Country bankers are askiug for a larger line of rediscounts and the feeling is steady, with a tondency to firmness. Tnterest rates range at 5 por cent on call and G@$ per cent on time loans. A featuro of the market is the increased amount of money offersd on tho strect at b per cent by brokers representing enstorn investors, who have become rather suspioious of the commercial paper made in the east and prefer that of western merchants and manu- facturers, as they believe it safer, The mer- cantile trade has shown more activity than during the preceding two weeks. Collections are good. Iu the cast the market is strone., Bank rosorves are down to a lower point than has been known for years, and the number is below the legal limit. Money in London is firmer, and the Bunk of England has advanced its discount rate from 4 to 5 per cent. New York exchange was in mod- erate demand and sold at40c discount to 250 vremiun per §1,000, and closed at 40¢ discount, Toreign exchange developed mod- erate activity, and shippers' documentary sterling bills on London vanged at $1.52%@ 481, and closed at $4,520(. he features of the New York stock market were the sharp upward tendenc; Louisville: & Nashville, and the decline in suear trusts. There was more trading, tak- ing the list on the whole, but most of the week dullness prevailed outside of a few specialties, The advance w Lowsville & Nashville was due to the anuouncement that the directors had decided to issue $13,000,000 new stock to take uv 6 per centcollateral bonds, and also to provide for other securi- ties which may be available. The foreign pool, which has been jnstrumental in ad vancing the price of this stock, also took hoid, ana 1t 15 evidently their intention to sustiin the price until al! the new stock is taken, Prices advanced 21 points, and closed at nearly the outside of the weelk. Sugar trusts were sold. freely by traders, who started the downward movement. he decline brought out a large amount held on s1op orders’ and produced adecline, but it was not of speciul importance, and the close was at a net loss of 13% points from last ok, Other trusts were affected by the de- cline in sugars, and, although tradine in thom was ouly fuir, prices ranged lowor, Northern Pacific préferfed received a good deal of attention, as ulso did St. Paul, Bur- lington and coal’ stocl srsey Central de- veloped marked strength and advanced 41 points, In other securities the changes were only slight and of no special importance, ex- cept Manhattan, which advanced 5 poin Tennessee Coal showed considerable strength and advanced 67 poiuts under what appeared to be manipulation by a pool coutrolling it. Closing sales developed declines in the bulk of the active stocks. The bond market was a little more active and firm at the opening, but later followed the share list and valu receded. ‘The total sales on the New York stock exchange for the week were 1,152,617 shares. More interest was mavifested in the grain markets during the week just closed and speculative trading was larger than for some time past. Wheat appeared to work on_an independent busis—being influenced by bull news gencrally—and ruled higher, but other coreuls were inclied to weakness and prices averaged lower. Speculators, as u ruls, arc transterring thowr trades us much ahead as possible and longer deliverics are gradually attractiog more attention and will probably continue so as the close of lake navigation approaches, Receipts of grain were moder- ately free at tho leading western markets, but there 1s very little accumulation, as the movement by the lake route is quite liberal. Arrivals at the smaller stations have been somewhat larger, but parties are now en- gaged in storig grain in the interior, conse- quently this movement is not felt in central markets, Considerable moaney is being fur- nished by Chicago bankers for the pur- chase of grain in _different sections of the west, whic has in o measure absorbod the surplus funds of some of the banks. Advices from abroad were rather more favorable to setlers, but us o rule buyers were wot disposed to follow any material advance in prices. Crop advic from the principal Iuropean countrics showed very littie change in the general situation aud deliveries of all cereals from farmers are suflicient to meet the greater vortion of the acmand at vresent, conse- quently buyers can be a littic more inde- pendent in their views. Ocean freights show considerable strength, and this interfores with business to some extont. Domestic markets have exhibited iderable life, with rather more trading in the leading cercals, and the courso of prices reflected tue influence of the market h Tn the shipping branch of trade there has been a fair business transacted, though the recent advance has checked the move- ment in wheat. In provisions there has been only a moder- ate trade, though the market towards the closo iadicated & little more activity in the future. Prices have been more favorable to sellers, The shipping branch of trade was only moderate. Packing in the west for the week shows an increase of 50,000 hogs. The receipts of cattle, hogs and sheep continue quite liboral for this season of the vear and indicate that farmers are anxious to dispose of their stock at current prices, Weekly Bank Staten New Youx, Sept. 25.—[Special Telegram to Tue Bee,|—The weekly bank statement shows the foliowing changes: Reserve, decr Loans, de 2 5 Specie, di AP T b T Lugal tenders, decrease, ., 830,700 Deposits, decrease. .., ... Circulation, increase ... Phe banks now hold #)3 the 25 por cent rule, The ©xports of specie from tho port of New York last week amounted to $401,702, of which $11,600 was gold and $450,103 silver. All the gold went to South America and $440,852 silver went to Europe and 5,760 silver went 1o South America, Theimports of specio amonuted o §61,054, of which $33,462 was in gold and $25,222 1 silve — . Who Owns the Country? Letus inquire whether there isany ex- cessive concentration of wealth going on in the Uvited States of America, says Thomas G. Shearman in the Sep- tember Forum, Leaving mere clamor and unsupported assertions out of con- sideration on either side, let us look into fucts. As lately us 1847 thore was but one man in this country who was reputed to be worth more than $5,000,000; and though some estimated his wealth at $20,000,000, there is no good reason for believing it Lo have been so great, At the smallest reasonable estimate, there must now be more than 230 per- sone in this country whose wealth ayer- ages over $20,000,000 for each, DBut let us call the number only 200, Income tax roturns show that the numbor of incomes, when arranged in large classes, multiplies by from three to five- fold for every veduction in the amount +.. 81,045,650 200,600 excoss of L tion w of one-hall. For extreme caution, how- ever, wo estimato the increase in the number of incomes at a very much lower rato than this. At this reduced rate, the amountof wealth in the hands of persons worth over 500,000 each in the United States would be about as fol- lows: 200 porsons 400 1,000 < 2,600 7,000 vl ) 20,000 % 20,000,000 10,000,000 5,000,000 2,500,000 1,000,000 500,000 $ 4,000,000,000 4,000,000,000 5,000,000,000 6,250,000,000 7,000,000,000 10,000,000,000 This estimate is very far below the actual truth, Yet, even upon this basis we are confronted with the startling result that 31,000 persons now possess three-fifthsof the wholo national wealth, renl and personal, according to the highest estimate, ($60,000,000,000) which anyone has yot ventured to make of the aggregato amount. Nor is this conclu- sion av all improbuble. ELECTRICITY. PERILS OF Frequent Loss of Lifo and From Elcctrie Light Wir When the electric currents were first used for the purpose of illuminating dwellings and offices the managor of plant erccted to furnish this Light of- fered to place the apparatus in this es- tablishment free of cost as an advertise- ment for his company, says the New Journal of Commerce. We declined on the ground that having already paid the lightning man a considerable sum for copper rods to keep tho electric cur- rent out of the bwlding we did not think it wise to coutract for other con- ducturs to bring the dangerous fluid into the vremises, We had grave doubts of our ability to coutrol the vis- itor after its entrance, and weroe not at all assf %4 by the positive statements of the projector that no harm could pos- sibly come to anyone from it, no matter how it was handled. 1t was only a few weeks afterwards that a young man was manipulating a wire that lightad his employer’s store and received a shoek that ended his mortal cavcer. We have since seen a horse pussing along the street drop suddenly us if he had been shot. A young man on the sidewalk stepped out and seized the horse’s bit 1n order to help him up, and he, too, went down. There was a heap of the victims before it was found that the animal had not slipped on the sewer cover, ns was supnosed, but had receive the shock from a wire that had harged the metaliic plate. Our atten- called last year to the work of placing the connecting wires in an im- mense building in Brooklyn, with a view of lighting the premises to be used for one of the great wodern ba- znars. Asw w the conductors led up to the window frames we remarked 0 & companion concerning the evident danger of such o method of handling the electric force. Nov many weeks afterward the work of making a displ in the show window disturbed the wire and the place was “struck with hght- s literally as if the current had come from wa overhanging cloud. As 1t was in the day-time and help was near, the damagé was reported at only $9,000, but the accident might have wrecked the whole establishment. With each succecding month the number of victims and the evidences of attending peril ave rapidly inereasing. The 13th inst. a fruit dealer who had a little stand in front of No. 332 Houston street went up on the iron awning that covered 1t to clean out the little gutter from which the water was dripping upon his fruit. His foot slipped on the iron pole and he fell with his ncek across a wire that ran along the edge of the awning. We need not repeat the sickening story, but his mutiiated body was taken home to his dwelling, and his poor widow has no redress. The sume day there were several other vie tims who were working in the vicinity of o gaspipe which n sagging wire had touched and charged with a current. Their lives were saved by timely help, but the woodwork about them was con- sumed. A few days afterward Sergeant Ronk of the police was sitting by the burglar alarm at the station when it was set in motion, und on his arising to call the patrolman he was knocked cuscless. The trouble came from the *erossing” of a wire. His life was saved by eareful medical skill. At about the sime moment an electric lamp in front of No. 127 Christopher street began to vomit sparks, which flew in all dirce- tions and set fire to the second_story of the house. In the same day’s journal is the story of young Powers, a lin man employed for this purpose, who was rvepaving the wires of an electric light in fronv of No. 2 Kast Thirty-fourth street. He raised his ladder against the pole and ascend- ed to the burner. What next happened is not known, but his body became vio- lently convulsed, burned and distorted and he fell dead to the swreet. As we are writing this we learn that the elec- tric light wire atan carly hour Wednes- day morning set five to the third swry of the Moflit building, No. 58 William strect, and another in front of No. 510 ay was emitting sparks of five and was cut just in time to save the premises. These are only a few instances taken at random to show the peril that at- tends on this method of lighting the sots, and especially of 1luminating a Many hundred lives have y been sacrificed and much vrop- erty destroyed, How many fires whose origin is secret, have been started by this agency cannot be told. The light itself we regard as unpleasant whether it is used in the street or for office and household purposes, But it has come to sty we suppose, and it is useless to protest against it. Our object in calling atten- tion to the danger of life and property arising from its use is to enforce the obligation for greaver skill and care in providing and maintaining the conduc- that are charged with such a dly current. The city authorities are taking no steps, as faras we can learn, to reduce the peril by exacting greater eare in stringing, supporting, and insulating the wires,and the owne of the various plants seom chiefly intent on distributing their stock und securing customersjand income, 1t is all very well 1o say that should not be careless, and that every man should look out for himself, Buta whole row of people that were looking out for themsely as they supposed, were dropped in front of a ‘church and twisted into inbuman shapes by the sndden contact of a win with the iron fence on wlxivfi they had pluced their hands, or oragainst which they wore leaning, The veril is one against which no one can guard by ordinary diligence. In cross- ing the street two ladies stepped on the iron cover of a manhole, and were toppled over into the mud. They were not seriously burned, but sustained a nervous as well ns an electric shock, from which tney will not recover for many a day. The menace thickens about everywhere. No man knows what it is safe for him to handle, or where he may place his feet without inviting the unseen death, We think it is full time that some voice wis raised that will be heard throughout the city and the country as well, and stir the sluggish authorities up to a sense of the common peril and the ne- cessity of greater safeguards in the ex- teusion of these electric appliances either for lighting or motive power. roperty .. people PHILANTHROPY THAT PAYS. Houses That Are Sold on the Ine stallment Plan, “THERE'S NO PLACE LIKE HOME,* Especially If You Have to Borrow Money to Baild It—-The Real Eestate and Buaild- ing Review, Houses on the lnstallment Plan, “Is it cheaper to buy a house and lot on the installment plan than it is to pay rent!” That is tho question that s agitating the minds of nine out of overy ten wage-carning Benedicts in the city who have positions that are prospoctively permanent and . ronsonably remunerative, Liko most questions of importance this one has at loast two sides The moneyed man, or as is mord frequently the case, tho realty spoculator, who has property for sale on this plan has n ready afirmative answer to the question and an abundagee of documentary evidenco i n sup= port of Wis position. Placa the proposition before him and sce how quickly hoe will pro- duce maps, charts, pamphlets and an array of figures that will convince the most skep= tical and cautious man that it is the sheerest Holly to pay rent when ‘“a home of your own’ can be so easily obtalned, He will exhibit bewildering tabulated firures a dozen different systoms of aceumulating real property ou the install- ment plan without setually payiog anything forit. The schemos .alwiys resolve them- selves into one formula, You buy a lot for £1,500 with & house worth 81,500 and pay for it in instailments that are but slightly in ex- cess of what you are now paying for rent. In o word, the philuuthropist, as every co- operative 'builder imagines himself to be, offers to invost & ou and gives you a chinnee to pay it back in Small instaliments, with, of course, a reasonable interest on the mvestiment, us an incidental foature of the burgzain and a reasonable sum in advance by way of Fuarantee, On the face of 1t the plan_ appears an ox- coodingly seductive one. Y ou have only to DPuy @ reasonabie rent upon the house your philunthropist builds for you and after a lit- tle while the houseis your own. ‘[he schemo would seem to bo one for plucing the poor man on a basis of satisfactory competence without implying the necessity for personal exertion on his part The story is a pretty one, but does it pay? A BEE reporter, with his mind stored with gratuitous information and a pockot full of pamphlets, furnished by an “‘Installment Philauthropist,” has made an extensive in- vestigation into the workiugs of the scheme, The plan has been worked for all iv 18 worth in - Omaba, and the houses buiit aud s0ld upon this plan during the past 1wo years are pumbered by hundreds. The “Install- ment plan’’ men have distunced the slower puced, conservative building associations in the work of providing toilers with nouses of their own. BBut have the resulus been bene- ficial to the invest In the opinion of some of the most responsivloe and conserva- tive house owners and real estate men in the city, it has not. Mr. Hugh ( matter said: n Clark, m speaking of tho 1t is a slick scheme, 1 know of ucase in which a well known capitalist cleared up several thousand dollars on an “installment” deal without investing a cent, He bought twelve lots i Monmouth Park. Before his first payment was due he built a house on each lov on the installment plan and sold them at $2,500 each for a house and Tot. The lot cost ¥500, and the permit for the house called for the expenditure of $1,500. He mortgaged the whole business for 82,300 und cleared $200 on each house aund lot and never put up ent. ‘I'ho purchaser paid £200 down and has a $2,300 mortgago against his house and lot. ‘Ihe interest on this at 8 per cent amounts to §154 a year.” Further light was let upon tho scheme by well-kuown builder, who was talking with the reporter in the building inspector’s office when an instullment agent came in for a per- mit for ten houses on a certain stroct each to 00. *“I'hose houses will be built for h at the outside,” said tne builder 1be built on lots that are worth say $1.000 each. The purchuser pays $2,500 and thinks he bas u burgain, while the seller pockets 8300 on each sale or £3,000 on the ten.” { Another man, on the contrary. said: “No mun can reusonably exvect something for nothing. The instaliment plan in other cities and when conducted by straight busi- ness men hus been a boon to many a poor man. The rgakadvantage is in the fact that he is pegmitfed to buy a home on small monthly payments, with interest: whereas, if he were required to pay for a home out— right or make & lurge advanco payment, it would be impossible for hini to buy a home, Evéry good citizen wants a place that he cu call liis home. If he permits himself to be cheated by an avaricious speculator, he can not justly condemn the plan. Lev him find any honest dealer: there are man such in ‘Then, again, there are many men working for salaries who can not, or will not suve a cont until thuy buve obligated them- selves to meet a given debt. This question s been weighed by many minds, and when 1y considered, the conclusion has in- variably been reached that it 1s a good policy for a mun to own u home,” Building Notes, George Lyman s building dwelling on Capitol avenue, near soventh street, 1o cost 5,00 Smith & Potter wilt build three residences ou Caldwell and Twenty-seventh streets, 10 cost £10,500. John Hoplins will put houses on Orchard Hill. Herman Deiss will build residence on Spencer and streots, . A, Benson is building a $10,000 residenc on Dodge stroet, near Clinon, Johnson & Weberg_are building a $16,000 brick tenement on Ninetecnth street, near Spruce, frame Twenty- £10,000 into four 0,000 brick Twenty-second o1l 18 building a §,000 residenco on Orchard Hill. The permits for the week weroe as follows: cee. 13475 oo 17,875 « 16,400 40,500 Friday ... Suaturday. .. Total... cerree 148,440 Real ksrate, The real estate transfers for were as follow: Monday the weel B2, 008 16,651 o eeeenes B207,405 ho mecting of the Union Pacific dircotos rate in October promises to be an {mportant one, That the Fort Wortn doal will be dis- posed of in sowe manner is gonerally con- ceded, and that the sume will result in vhe absorption of the roud 1s expected. The ques- tion of forming trafMc wrrangoment with the Manitoba will come up notwithstanding that elaborate denials huve been made by certain officials, It is wlso stated that there will be a reorvanization of the management of the Union Pacific, and that the chauge will effect officials high up on the ladder, As much as this has been said by an indi- vidual clothed with suthority to institute changes, provided there be no interventio But just what changes are to be made is a socret stored aw in the mind of Vige President Holcomb, where he promises it will remain until be causes & circular tc be issued An Unusual Year For Kire During the tweaty-four hours endiog ¥'ri- day evening at 6 o'clock there were six fires o Omaba. This is e largest number of conflagrations that 1.ve oceurred in Omaba in that time sing 11y was lucorporated, During the you there woere 157 fires, Up to last F'riday izt there had been ex- uctly that number. Consequently, 1559 rmunmm 19 be an unusual year for fires. The ossos, however, have been comparatively il