Omaha Daily Bee Newspaper, December 1, 1889, Page 15

THE OMAHA DAILY BEE SUNDAY, DECEMBER 1, 1889-SIXTEEN PAGES. THE CONDITION OF TRADE. Money Continues Falrly Basy With a Very Active Demand. A GOOD INCREASE IN CLEARINGS, Bankers Report Liess Stringency Than Usual at This Season—Collec- tions Somewhat Ha o Make, fer In Local Trade Circles, ‘I his hos been & broken week in financial and commercial circles, but the clearings show the usual increasc Mr. Hughes, man- wor of the clearing house, roports the foot ings at §3,042,600.50, an increase of 24 1 cent over the same week in 1858, Mooy continues fairly casy with a very active demand from both city and country, Hankers say that there is less stringency than usual at this season and rates are 8 to 10 per cent per annum, Collections are not as eusily made as they should be and credit men are iuclined to feel uneasy in view of the several failurcs reported from the coun- try, involving two small banks and some mercantile institutions conuected therewith, These collupses coming thus early in the winter were unexpected but investigation shows that the weakness was chronic and that the results developed should have been anticipated, as the correct status of the de linquents was known to careful observers months since. Jobbers report trade good with a liberal demand for holiday goods, and grocery and woods men are busier than usual. » dealers report an active trade 0 edvancing market. Lumber is stronger with the closing of navigation on tho lakes but prices are unchanged. T'he produce market holds steady and there 18 an_active demand for choice poultry, but- ter and eggs At good prices, and quotations are redily obtained. Ketail trade is very wood under the influence of seusonablo weather and dealers are anticipating an active and profitable holiday trade. small proportion of our bonded na- deby now consists of coupon bonds. In 1885 it wns about $190,000,000, in 1883 about $10,000,000, and in 188 probably not_over £132,000,000, or less thun 15 per cont of the total. The register of tho United States treasury in his annual repport shows that during the 10 $103, 804,350 ¢ issued, and *5,1 bonds, representing £231,811,450. were cancelled. The total amount of bonds outstanding at the present. thwo is & 812, of which amount only £10, . or 146 per cent are held abroad Foreien holdings, however, show an incre 22 per cent as compared with last y due to the more rapid _redemption of dom tic as compared with foreign holdings. “The Philadelphia 1tecord says that pig-iron cupacity has been expanded about 25,000 tous per week in twelve months, and the esti- mated capacity is now not far from 165,000 tons per w Twenty-nine funrnaces are being built, which a_capacity of about 1,200,000 output of Amer; is in ex British capacity. Stocks are low at naces and buyers are placing orders for next year's delivery Imports of Wwoolens into this country for themine months ending October 1 were! ear 21.500 bonds, amounting Carpets. Clothing. Cloths Dress goods Knit goods, All other. Totat. LB TILEAS #4044 This country is rapidly aining on Great Britain in pig iron production, as shown by the following figures, giving gross tons: ireat United Britain, 8,902,804 3,055,880 Periods. First half 1888 . Second balf 1888..,,, ... Ficst half 188 4,084,607 The coal trade is not In o very satisfa condition and prices aro vasy. = T'he present year has been throughout one of exceptional mildness, and in spite of an incrcased de- mand for industrial purposes the production of coal up to date has fallen off 2,603,337 tons from last year's record, or about 9 per cent. Part of this hus been accomplished by stipu- lated restriction in the output of coal, but the dificulty has been in mamtaining coal prices, even uoder the reduced output. With regard to the Cotton seed oil trust, which now seems to be ripening for a re- cewyer, one of the best informed and shrewd- est frequenters of Wall street writes to Cord- ley & Company of Boston as follows: “Let me give youn diagnosis of cotton seed oil. A “crop” of 2,000,000,000 bushels, raised in 1888, means a very inrge hog crop of very fat hogs. A very lurge hog crop of very fat hogs means very cheap lard, and that also means very cheap lurd oil. Have you caught on! Lard eighteen months ago was cents a pound in Chicago, now it is 6 cents und less. The corn crop of 1880 was also 2,000,000,000 bushels, This will in- dicate 5 cents a vound for lard within the next twelve months, In- steud of 75 cents per gallon, lard oil 15 a trifle above 50 cents a galion. Now comes the sequence of the corn crop, Lard and lard oitare the measures of all grease and oil, from the whale tothe menhaden. Tho vegetable oii (cotton seed oil) gets old and raucid, and, s it has not gone through fire, it becomes stale and only fit for soap grease. The emmently respectable mana- gers of cotton seed oil kept their stock on Dand—all the yield of 1883, There is no sale for it excent for soap grease, and perhaps not @8 good @ brice as Atchison, Topeka & Santa Fe stock’s prasent guotations, compar- ing it with June, 1887, Cheap coru and cheap oats mean cheap oil cakes for fattening cattle.” Sugar is drm, and both raw and refined have advanced o little within a week. The total mclnnsu of foreign sugar at New York, Philudelphia, Boston and New Or- leuns, for nine mouths tw October 1, were 520,001 tons, ugainst 585,108 tons same time 1888—n decreaso of 6.4 per cent. This de- crease in meltings has left the country bare of refined sugar and accounts for the active increased demand now that the course of prices tends upward again. The stock in all principul countries, at latest - uneven dates, is 413,442 tons, against 827,030 at the same time last year. The increased meltings by the trust for the ‘week ure quite significant (27,055 against 13,405 tous last year) and show an increased demuna for refined. Refinors reduced their stocks of raw sugar last week by 5,451 tous, aud are now down 10 80,000 in New York, & moderate carrying basis, This conssts of 18,4% tons East India, 6,100 tous Juva, 1,450 tons best sugar, 480 tons Brazil, and 5,640 tons Cuba. The stock in all bands decreased 7,088 tous for the week, and importers’ stock is now 24,967 tons, against 40,433 tons at the same time last year, European markets show & hard- ening teudency, notwithstanding beet “Nul‘.. ostimutes are raised 160,000 tons by Licht, say to 8,848,000 tous crop, agai 2,785,000 tous last year. It is stated that the wrust will not open the St. Louis refluery this season, but will work up the domestic crop at the' New Orleaus factories. ‘I'he New York Comwercial Bulletn 3 “Baltimore reports are conspicuous just now for statistics on the oyster situation, deduc- tions from the sawe waking it appear that there may bea positive scarcity of the bivalve ore long. - It is estimated that the November vack will not exceed 750,000 bushels of covj oysters, aud may not run above 600,000 busti- ols, During the corresponding month last yeur about one milllon bushels were packed, and in Novewber 1557, about one mul?nu two hundred end fifty thousaud bushels. Orders for 5,000 cases of the canned article were re- ported placea at e for five-ounce and §1.65 “or ten-ouuce.” — OMAHA LIVE STOOK, Cattle, Saturday, Nov, 50. Good cattlo which ned o strike the buyers' faucy sold in morning at strong c'n' strouger nrhxa’u l:c: i cattl I:,ld over yesterday broug more than was om for them yesterday. Oo the other hand there were cattle of pretty good qual- ity which the holders thought they had to sell for less than even steady prices. Some of the heaviest bayers were not on the mar- ket and that fact naturally operated against the sellers, There wore several loads good enough to bring $4.95, but the bulk of the na- tives went at $8.00(4.00. The foeder market was steady but slow. There were several buyers in the yards, but tho sales were not large. 1t iooks now as if the heavy trade in fooders was over, but suill dealers look for_considerable trade right along, but no rush such as there has boen, Today's trading in natives was conflned mostly to small bunches which brought $2.0621¢@2.85. The market on cows was about steady, but the buyers complained that there were not many zood cows among the offerings, Native cows sold at §1.50(@2 Hogs, in hogs was a shade to 5c lower than yesterday. 'The heaviest buyers bidding & 50 55 for the bulk of the hogs, $4.50 being the most popular bid. The trade was not. very active, salesmen being slow to part with their holdings at the bids made, still the movement was sufficiently active to clear the yards by 10 o'clock in the morning The macket showed some strength woward the olose und hogs for which only £3.50 or £3.521¢ was bid in the morning sold at $3.55 at the last, Today's t Sheey ‘There was a double deck of good western sheep 1n the yards which sold at Receipts, Cattle. Horse: Prevailinz Prices, The following is a table of prices paid in this market for tho grades of stock men- tioned: @4.5) @410 (w00 [¢ cers, 1250 Lo 1 Good steers, 1050 to 1: Common 1000 to 1150 1h ste: Western steers Common canners Ordinar; Fair to Gooa to choico cows Choice to fancy corn. Fair to good bulls. . Light stockers and feeders Feodors, 950 to 1100 s, Iair to choice light hogs.. . Fair to choice heavy hogs.. Fair to choic mixed hog: q Common to rough hogs (@340 KRepresoatauvas sais sTEE Av, Pr. LW e 00 Av. Pr, 108 &3 45 1144 3 40 3. cows. 11485 L1080 . 060 . 861 220 WESTERN CATTLE. Owner and No. 9 feeders, 41 Hallet & 1 6 feeders, J. W Stoner— 10 bulls ,.... C. B. Rhodes— 88 feeders, 65 cows ... 15 cows. 7 bulls 18 bulls G. Raymond— 0 feeders, 100, Sl 80 280 400 160 #20 120 120 40 120 160 80 200 100 160 860 80 80 120 30 200 250 200 40 200 80 120 400 160 EETR P SukEP. No. 177 westerns, corn fed Live stock Notes. Lay & Peters marketed hogs from Stan- ton, Frank Suda brought hogs in from Milli- gan, A E, cattle, A Adams of Bradshaw was m with cattle, Ripp & Lambert were in from Humphrey with hoge. Henry Reuting of Platte Center was i with hogs. o John Hastio of Auburn, was in with hogs from Panama, A. Beckman & Company marketed hogs from Oukland. M. H. Shoemaker came in from Wyoming, Nob., with cattle Jacob Libby came in two cars of cattle, Robert MceDouald brought. in five cars of cattle from Tilden, sharles Howard of Neola, Ia, visitor at the yards. Fuller, Smit market from Loigh. D, J. Robb brought in aload of corn-fed heifers from Endicott. ‘ Cross Brothers of Aveea, were on market lookiug for feeders. Tns) r Clark Howard condemued one a steer yesterday. Robert Ingram and 1. P. City, Tn.,, were at the yards. A. G, Johnson of Auderson & Johuson was in with hogs from Oakland, Albert Lymao of Daulap, Ia., was ou the wmarket with three loads of cattle. Jacob Lomwmle of Stanton, had two cars of cattle aud owe of hogs on the market. William Davidsou and son marketed two cars of cattle aud four cars of Logs from Gresham, The Ney-Wilson-Moorehouse company had hogs io from Leigh, Wisner, Crestou, Cou- ley and Stanton. rryman & L. of Cordova, were repro- seated by J. F. Bereyman, who marketed bogs and two cars of caltle, Hanson was in from Wayne with from Creston with was a Fuller had hogs on the Fall of Siver THE SPECULATIVE MARKETS. ‘Wheat Rules Steady With Very Lifflo Change in Prices. NOVEMBERCORNSHORTS SETTLE The Provision Trade Scarcely Com- mands Ordinary Attention—Usual Saturday Business in Cattle ~Hogs Rather Slow, CHICAGO PRODUCE MARKETS, Onicase . pecial Telogram to Tur Bre. ] d steady today and prices at the close recorded very little change from yesterday, December oponed at 70'gc, old off to e, advanced to 9%, receded to T8ie, advanced to 0W@i0c and closed there. May opened at $4c, sold off to 83 $40, up 1o 841{@84 ¢, back to S37v and up 10 8415 @841 c, closing at S4le. Othor ao- mwestic markets were steady, Cables were firm, and aithough there is as yet very little new export business to report, it is probably true that foreign holders are even moro te- nacious believers in bettor prices than hold- ers on this side. They know their supplies are small and they are unyielding in their demands, Consumers bave not taken alarm so far and hope to ultimately tico put the owners and producers and force an era of low values. Indications point to an increase of about 1,500,000 bushels, but caleulations may bo all upset by a final readjustment of “on lake and canal” figures. News from the nortiiwest sseuis to bo shaping towards a change. The receipts at Minacapolis and Duluth hoid up well and the total receints at all points east and west for a whole week are not greatly less than last, but if the movement does not fall oft sharply next week then no reliance can bo placed upon the information that = sifts through sources usually considered very trustworthy and rehable. Safe correspon- deuce from the Daiotas tends to show that farmors’ supplies are down close to the point of exhaustion and there is a suspicion that wheat has been rushed forw: 80 tremend- ously by vrivate and railroad or com- pauies in order to influence country prices and get wheat well out of first hands before sounding @ change in the warket tone. The prophecy was made on the floor today by a rash Dakota banker that before another two 8 tho same par- ties who are sending out bearish bulletins from Duluth and Minneapolis would experi- ence a completo revulsion of fecling and be- come roaring bulls Interest in the corn market was again at fever he trad ommenced, bat it soon became ovident that the principal shorts for this month had settled and no buy- ers could be found at fancy prices atter - the last few trades had been made. November was the future of chief sbeculative interest for u time und sold to a limited extent in the open market at 60¢, and it was said that 606,000 to 700,000 bushels had been settled privately at that figure. A firm haviog 45,000 bushels of contract corn _in store offered to sell at 5S¢, but could find no buyers until it had heen offored down to 50c. Oue or two )00 bushel lots were sold at the latter fig- ure and then the buyers of carloads began gathering up the cash offerings and selling them in the sveculative market, and kept doing so until the price had declined to 2. In the meantime, before the decline reterred to in the November delivery had been con- summated, December shorts had started to cover their contracts, but sceing the danger they ran, with so small a quantity of No 2 corn held in store, and from B813/@31%(c y the price advanced to 82¢c. Then, us ember weakened, it soid down to 813c, again recovered slightly to 313¢c and once more declined until it sold at 3lic, and finally ~ closed at S0@S1%c. May as ‘about steady and inactive around 1{@33%c. Thero was mnothing new in the surroundings of the merket to effect legitimate values except improved weather, which appeared®however, to effect most the prices of the lowest grades. Oats did not depart far from the narrow rauge of the previous two days, with only moderate interest displayed in the regular market., Early the tone wasof mild strength, with May toucbing 238c, but there was a subsequent lack of support and fair specula- tive offerings caused a down turn of k@3e, with trade confined to May and December. November attracted no_interest, the month closing nominal at abont 20¢, with that paid for car lots of No. 2 to go to store. The provision trade scarcely commanded ordinary attention. In the cash movement there was considerable restriction as com- pared with the former days of the weel, while in a speculative way a slow feeling held control. Outside future orders were limited and on local account trading had no special sigmficance. In the product today the monotonous coudition relieved near the close by quick sales of November short ribs, An early sale of the desired article was made at £.50, but offerings were light and before able to fill his contract an anxious short was forced to bid the price up to $6.00, whuich brought out round lot. Later as high as $06.12){ was bid without bringing a scller to the surface. Fully cured short ribs are in lunited supply. The unsettled short interest for the month was estimated at 200,000 pounds. The $6,12% closing was 70¢ higher than yesterday’s last price. January short ribs declined Be, rest- ing at $4.7214. May shorv ribs closed at $4.95, 0r 2i¢0 lower. Pork for Noye closed at #3124, or at a decline of 12}jc. Lard for future delivery was steady and un- changed, CH10AGU LIVE STOOK, Cmicaco, Nov, 80.—[Special Telogram to Tur Bew. | —CarrLe—There was. about the usual Saturday's business transacted in the usual Saturday's way. The few good na- tives offered sold about steady, and the rest of the native stock was peddled out at the best bids offered. At no time did buyers evince any desire to 1ook at the stock, and most of them gave it out that their firms would rather not buy than otherwise. A bout all the Texans on the market belonged to Morris, Swift and others, hence there was little or no business in that line. Choice to xtra beeves were quoted at 4,00 medium t0 good steers, L1 00 1hs, $4.00@4.40; 1,200 to 1,850 M $3.40@4.10; 950 to 1,200 1hs, $2.80@3.75. Stock- ers and feoders, §1.822,00; cows, bulls and mixed, 1. 851 bulk, $1.90@2.10; ‘L'exas $2.25(2. 75; cows, E1.60@2.10, —1Ihe general market ruled rather slow, with prices somewhat irregnlar and weak, finally closing about a nickel lower, the great bulk of packing grades, shippers and good heavy going at $3.05@3.70, a fow ot 8175, and light sorts sold uniformly at £3.05, The market closed weak, with some stock in the hands of the speculators, INANOIAL. New Yonrk, Nov, 80.—|Special Telegram to Tus Bee. | - S100ks —Action in stocks today was more decidedly bearish than at any tune for a month. The market opened with more of a rush of business thau usual, and for a time it was not apparent how the temper of the trade would tuvn. Chicago Gas was still the center of attraction, trading in it for the first half bour being enormous, though it was followed vy Sugar, Atchison, Reading, Richmona & West Point, Western Union, Union Pacific and St. Paul of the regular tist, while the remainder were quiet to dull. There was considerable less animation in the latter portion of the hour, but active trading was maintained throughout, Kirst prices were generally but slightly changed from those of last eveoing, though Canada Soutbera was down % aud Cousolidated Gas and Burlington were 2 per cent each. Chi- cago Gas was unchanged. but weakness de- veloped immediately and in a few winutes it bad dropped from 8) to 86, efter which there was a recovery to 83, The rest of the list was quite strong in early dealings, wod though a few stocks shuded off slightly it was generaliy followed by & full recovery, with something in addition, and Missouri Pacitic and Western Union were specially conspicuous for strength, rising % and 8 per cent respectively. Richmona & Wose Point was the only really weak spot in the list, losing 1 per cont to 203¢. Sugar sympn- thized closely with “Chicago Gas. however, and was weak throughout, declining from 66 t064. The dashing broak of the day was shortly before the close when all the active stocks touched thair lowest points, The action of the bears wae concertod and much the same a8 the rai®led by the Cammack- Jones party yestorduy, Chicago Gas did not reach the early figure. but closea at Sugar trusts went to the bad, touch- ing 59 at the Gtlfse, or a break of over 8 points from [ast night, In the rail- road list Transcontinental broke to 32, Big Four to 661; from 72 last night, and closed at G0l§. Louisville weakened. Northern Pucific proferred yielded to 78 from 75 early. Atchison went off to 23, Burlington gave way and soil at 103}, Northwestern sold off ‘very sharply, ex-dividend to 10X St Paul, Missouri Pacific and Union Pacific ro raided loss. Tenuessce Coal closed at 5, and even Pullman yielded 2 points to . It was a bear day to the close, al (Jhough a slight recovery occurred in a few S " i I'he following were the closing quotations : §. 48 rogular. Northern Pacific 45 conpons STOZUIAT P e 05 Central Pacific Chicago ¥ Alton Chicago, Burling & Julney D.L.&W..... Iiinois Centrail |17 B& W, Kansas & Toxis Lake Shors. . Michiwan Cetiiral Missourt Pacitic MoxET—Easy Prive cent. STERLING EXCHA . sixty-day ills, #4507 t.Paul & Omah o praterrea § Ualou Pacific FIHE L, & P 51 praforrad Westera Union, 3 [ N at 4 per cent. MERCANTILE PAVER--BY@T!; per i—Quict and_stead demand, $4.85. PRODUCE MARKHTS, Cmioago, Nov. 50.—1:15_ v, Wheat—About steady December, 70%c; May, S41.c. Corn—Lower; Novembe: 1k (L:m 2254, ye—Noyember, 4ic, Barley—Novembe Prime Timothy—$1.20. 34: May, 8141 November, $.12%¢ m. closo— ovember, Tci 3 Decomber, December, 20'ge; May, Jan- Novembor, $5.90; Janu- —Stend spring_wheat, buckwheat, 00 por cwt. Provisions—Shoulders, $1.37/@4.50; short clear, $5.50@5.574; short ribs, £6.123¢ for No- vembe vinter wheat, $2.00@4.3 54903 rye, $2.50. creameory, 10@26c; full cream cheddars, Young Americas, 91 i, 2an 15, each No. 150 No. %, 8Y@3'c; Ghkp, 4k Receipts. Shipm'ts. oo 13000 16,000 000 salted, 6c; d packed, 4c; S 272,000 W heat—Receipts, ; spot dull but 83%c¢ in ele- S40@S43f £, 0. b.; vator; ; options * duli and ung TIW3 December Sy 4 exports, No. 2. 42@42 clevator; 423c aflqat! ungraded mixed, 40 (@430; options dull, Armer. Oats—Receipts, 1 spot quict. and 'stead : Decomber BN oxports none; options : dull and spot No. 2 white, S(@3lc; mixed wostern, S7(@30c, Colfee—Options closed sweady and @10 points down. Decemwber, $15.79@15.85 May $15.80@15.90; spot Rio, dull, nommal fair cargoes, $19.75. Sugar—Firm, Petroleum—Quiet, steady; United closed at $1.03% for December. Kggs—iirm; western, 27c. Pork—Active at $LLU0@11.50, Lard—Ouiet, easy; western steam, $6.: Butter—Firm; westorn dair; Cheese—Quiet: western, 7( ouis, Nov. ). 30; May, 814 Irregular; cus Oats—Dull; casn, 20¢ Pork—Dull at 31 Lard—Dull at # Whisky—S102, Butter—Creamery, 20@>: Cincinnat, Nov. 90, o, 2 red, T8¢, Clorn—Strong; No. 2 mixed, 83c. Oats—Steady; No. 2, mixed, 221{@23c. W hisky—$1.02. Milwnruke:, Nov, 30, — Wheat — Firm; 010c. Wneat — Firm; dairy, 18@20c. Wheat—F.cm: Oats Kye—Qi Casy; poris, $9.20, Nov. #0.—Wheat—Steady; id; December, Glige November, 3¢ asked. Oats 2, cash, 16}4e bid; November and Docomber, 162 bid, Mann aoony. Nov. 30.—Sample wheat— Quiet; recoipts, 327 cars; shipments, 60 cars, Closing: N November, 171503 May, Sic; ou tra Sige: No. 1 northori, No- voumber, 7 3 on_track, T61@ 708¢c; No. 8 northern, November, 716; May, s , cash, Liveroool, Nov. 80, -- Wheat — Firm demand_poor; holders offer spuriugly; Culi- fornia No. 1, 78 814d per cental, Corn—Firm; demand poor, LIVE S(0CK Onicazo, Nov. 30,~The Drovers' Journal reports as follows: Cattle - Receipts, 2,000; markot and steady; beeves, $.00@b.25; $2.80(@4.40; stockers and feaders, $1. Texas cattle, $LH0@255, tiogs—Receipts, 16,0005 market strong, but closed weak; mixed, $3.50@3.80; heavy, 50@B,52)¢ 3 1ight, $3.45@3.50; skips, 83.00@ 0. 5 Sheep—Receipts, 8,000; market strong: 230000533 wosterns, $3.50@4.40; Texans, $,40@4.00; lamnbs, $1.50@6.00, Kansas Jicy, Nov, 8), —Cattle—Receipts, 8,700; shipments, ldh; market strong avd higher; natives, #80@4.85; cows, $1.66@ 2,50; stockers and feeders, $2.80(@3, Hogs—Iteceipts, 10,000; shipments none; market closed lowori light, $3.6215@8.673¢; heavy avd mixed, # 55@3.05, Sioux Oity, Noy., 30,.—Cattle—Receipts, 180; shipments, 275¢ inarket dull and un- changed: canners, he@$l.20; $1.00@ 2.15; stockers and feeders, #1. . 905 veul calve 003,15, market closed Hogs—Receipts, /4800; light, S3H0UH5E5; ueavy, $3.474@ slow steers, (@3 005 weuk | 8.55: mixed, #3400 Natlonal Stook: Yards, BEast St Lows, Nov. 80.—Cattle—Kecoipts, 700; ship- ments, 2,100; market atrong; fair to fanc, nutive stoers, $3.20/¢},80; stockers and feed- ers, $2.00@3,50. Hogs—Receipts, o i shipments, 1,000; market firm: heavyy’s §5.608.75; packing, $3.50@8.65; light, $3.50w: The Sma vErinting Press. il A firmon Wall street, New Yorl, have in operation and on exhibition what is probably the smallest working rnnung press in the world, It is an nterchangable cylinder and prints from a continuous rol, with a cut-off, Itis but 124 inohes"in length and 74 inches in height. “1ts width in the widest part is less than 7 inches. In the offices wherg it {s in use it has been veoessary to furnish brokers and otbers a daily lettor of financial news. Until the invention of this miniature press the service was performed by the mani- fold system. ine manifolds, each working very rapidly, were required to perform the service, With this lit- tle l%};tnlqg press, alter the types are set, copies per minute of any cir- cular can be printed, With the dynamo machine latoly attached, it has printed as high as 700 copies per minute. HISTORICAL CGRADE FIGHTS. How Omaha Secured Her Magnifi- cent Streets. STUPENDOUS CUTS AND FILLS. People Who Rave Been Made Rich in Sp ite of Themselvos — The Re- claiming of Sixteenth Street, Kalsing Propsrty by Catting 1t Downj There are but few of the neople who have gone into ecstacies over the broad, hand- somely paved strects of Omaha, who have any idea of the immenso, wlmost insurmount ablo difficulties that were met by the men who were active in brinvingabout this desir- able condition of affairs. There is no city on the continent in which more radical changes of grade have been made than in Omaha. Newcomers in Omaha will find it dificult to believe that six years ago Jones stredt was the centre of a big stagnant pond of water all the year round, and that SixtecntWstreet north of Dodge was without curb lines or sidewnlks; was filled with trecs, and impassable the greater part of the your, i3 the case, and the hist icnl chunges that have boen o is an intoresting one. It shows more than noything else the effoct of good strects upon the value of real estate, Iho first attempt at a radical change in grade of an Omaka street was made by Mr. A. Hanscom in 1874, and he mado himself the most cordinlly hated man in Omaha when heattempted to make a big cut i the grade of St. Mary’s avenue past the convont property. He was fairly smothered with Lajunction suits and was finally compellod to accept a compromise grade that has_never beon changed much since and St. Mary's avenue is the quiotest, dullest thoroughfare within three milos of the postofiice today. The work of establishing radical grades throughout the city was fairly commenced in 1583, when Mr. Audrew Roscwater was city engincer. Jones street ‘was then the bed of a creek und was filled over twenty feet at the pomt where tho Borker hotet now stands. All of the wholesale houses now on that street are on ground that, was then purchased av $20 a front foot. It is now worth at least $500 a front foot. Heavy changes were made at that time 1n the grades of Thirtecnth, Four- teenth aad Fifieenth streots south from Far- nam to Jones. At the same time the finar heavy cut was made on Farnam stroet. Previous to 1878 there had been a cut of ten feet from the original surface of the ground. Another ten-foot cut was made 1n 1878, aud this grado was maintained until 1853, Wwhen M. Rosewater recommended and tho coun- cil adopted a further cut of twenty-five feet at the coroer of Seventoenth str The order sot the people wild. Irom Twenticth to Lwenty-fourth street on Farnam, to meet this grade a fill of over twenty feet was re- quired. ‘I'o mark this the city engineer had 10 uso telegraph poles. People came out - in swarms, especiully on Sunday, to gaze at vhese poles and remark what an outrageously mean thing it was for Engincer Kos ter to do. Hewas abused in all manuer of ways, and had abard fight to keep the council from going buck on their uction in supporting him. K. L. Emory owned about $100 worth of property on Farnam near Twenty-second. He fought the change and tried to stop the work by injunction proceediugs, He was overruled and was made rich in spite of him- self, the property being today worth at loast £30,000. Some of the leading men in the cit opposed the change. Dr. Miller of the Herald voiced the sentiment of a very respectable following in protesting against cutting down the high erounds, which, he maintained, should be kopt excluswely for residence steeets. Ho argued that business would never extend west, but would cover the low grounds east of the bluffs. Dr. Milles also obposed the filliug up of the creeks that crossed Omaha in various sections at that time. He has hved, however, to see the error of his ways. The cut on Farpanl was made, however, and the benefits that have been derived arc manifsst on every hand. ‘fne grade of the strect where Tue Bek building now stunds 13 now fully forty-five feet lower than the original surface of the street at.that poixt, while the other extremo is reached be? tween Tweatieth and and Twenty-fourth streets on Farnam, where a sewer which was laid in 1578 is now nearly forty-eight feet be- low the surface of the street, In 1873 the grade of Dodge street, west of Twentieth, was establishea auvd a fill of twelve foet made at the southwest corner of the high school grounds. Later, when the proposition to make a radical change of the grade, making a cut of fifteen foet at Ni teenth street, came up befora the coun was @ in the city property owners frora one end of the street | Lo the other protested aguinst the proposed chango as an extraovdinury imposition, but the coancil stood by the engincer, and tne Droperty 0wners are now only sorry that the grade was not even more radical. The heaviest cut ever mado grade in Omaba was four years ago, when Eleventh street, at its intersection with Pierce, was cut down sixty feet, and a fill of forty-five feet made further south. It was - tho making of the property, however. The property occupied by the B, & M. freignt depot has been reclaimed from a swamp and was filled from ten to fifteen feet, Seventh and Eighth strects were cut down about twenty-five feet and are making two of the best business streets in the southern part of the city, streets that until two yoars ago were impassable. 1t was a hard fight that made Thirte street a decent thoroughfare, There we number of 30 feet cuts that were made by ~degrees and were not secured until after five years work in the council. Eighteenth street is one of the prottiest thoroughfares in the city, but no longer thai four years ago thero was a big fight before the oity could induce the property owners to allow a big ridge along Clark street to be cut and a branch of the old creek south of Charles street filled. - Thoy fought jt bard then but none of them will' now admit that they were opposed to the change. Some of the new comers on Cuming street will be surprised to know that 1n 1874 a strip of ground a mile lone and 66 feet wide on Cuming street. from Twenty-fifth to the city limits on the west was condemned for a county road and was sold for the magnificent sum of $£2500. The rond was in fearful shape, and had to be graded at an enormous cost, 'Proporty along the street was then worth about §400 an aore. [t 18 worth at least 5,000 an acre now. , Oneof the most bitter fights rosulting ffom the ovening of the stroot was that mado against Hon, W. J, Connell, when he made his fight three years ago for the grading ot Leavenworth stroot from Sixteenth west to the oity limits. The streot was cot in many places twenty foot and more, and the re monstrances in many instances came in_the form of porsonal abuse of Mr, Connell. The council 8tood by him, however, and, against the wishos of many of the wealthiest prop- erty owners, gave them one of tho best streets of tho city in evory respect. Damago suits woro starled by the dozen, but the bonefits derived from the radical change of grade wore 80 groat and 80 soon shown that none of the cases ever came to trial. Mr, U W. Hamilton, of the United States bank, who was among the most bitter opponents of tho radical change, said rocently: “If wo don’t look out that blanked Comnoil will make us all rich in spite of ourselves.” But the greatest time we had," said Mr, Audrew Itosewater, from whom the aboy ts were socured, 'was whon wo rescued ixteonth atrect reom a mud country lane and mado stroet of it That was only six years ago, in 1888, At that time 1. C. Bru ner ran a little grocery storo at the corner of Sixteenth and Capitol avenue and ho hus probably seen more teams nired down than any man alive. Tho street was @ rogular mudhole. There wasn't a curb north of Cabitol uvenue, Tho sidewalks were nneven and none of them moro than six foet wide. ade troos filled the strcot and fences i ut of the houses freqently took up w third sthe streot. All attempts to wet the streot in shape wore violently opposed. Property owners claimed we could not col- lect sidowall tax or any lovy for street im- provements. Finally Jim Crefghton, wl was chairmin of tho board of public woris, docided to adopt herole monsures. in there with men and, stop us by injunctions, hud the shade trees curbing laid and wero putting before they could | vembor just closed, in a strect walks, Weconvinced kickers that had @ right to carry on improve: ments ‘and they themselves wero too well pleased with the results to carry on their fights. It has been the same over since. Radical grades have been opposed wherever made, but the benefits have ulways been so great that all opposition has been silenced.” The Kealty Market. A cold wave of two days duration, the festivitios attending Thanksgiviag and the neglect of business invariably incidont to a city election were three disturbing elements that would furnish an excellent excuse for a poor showing in real estate transactions. But the real estate men of Omaha have no need of presenting any excus for tho results of the week's business that wis closed last night. The number of sales was large and the prices extromoly satisfactory. The real estato men are jubtlant. The adontion of the union depot bondeproposition, tho ulmost cer- tain adoption of the new bridge bonas, the complction of a street railway system to South Omaha and a dozen other enterprises all couspire to give the market an upward combinition of bad veather, o nd croakers can check. The following table shows the actions of the past weelc as comparod with the corresponding weak of last REAL ESTATE TRANSPL The Building The building permits for the past week and the corrosponding week of last year are shown by these figures: Day Monday Tuosdry Wednesday.. .. Thurs 1ay Friday Saturday Totals . 220, $10.700 ‘The following fig ow the amount of building permits 1ssued for the eleven months of the present year as compared with the showing of the~ twelve months of 1888: 1889, 1888, January. 82201 § 4 February Mareh, April. May June July Augus September October November December. 84,408,416 $3,770,308 The bank clearings for the month of No- puounted to $15,613, 24.50 a8 aguinst $15,751,754.78 for the same month last year. The clearings for thejyast weelc were as follows: Monday.... DA Totals... Wednesday . Thursday Priday. Satarday creenesne s 85,048,000 59 Increase over corfesponding week of lust year, 24.2 per cent, ——— Why Blind Fersons Seldg A peculiarity about the blind is that there is seldom one of them who smokes, Soldiers and sailors accus- tomed to smoking. and who have lost their sight in action, continue to smoke for a short while, but soon give up the habit. They say that it gives them no pleasure when "they can not see the smole, and some have said that they can not taste the smoxe unless thoy sco it. This almost demounstrates the theory that if you blindfold & man in a room full of smoke, and put a lighted and ao unlighted cigarin his mouth alternately he will notbe able to teil the difference. Smoke, We weat THE MAIL COACH IN AUSTRALIA, A Soene of Lively Social Hxoitement in the Back Sattlements, Although New South Wales and Vie torin possess great main lines of rails way, systomatically planned to reach the remotest townships of the interior, ench of thoso colonies having now above two thousand wiles of railroad actually working, while Melbourne and Sydnoy are connected by a line of miles, traveled in - ninetoon hours, the mails are carried to many places by four horse coaches, and the arrival of these, with its fow passengors and its engor pected freight of lotters and n pers, is usaally o scono of Tively soeinl excitoment among the nssembled inhabe tants of aback sottlemeont. n the neighboring sheopruns and 18 como gontlemon driving their ‘buggies,” and “boundary riders™ or station hands sent to meet tho mail, and perhaps miners in agold field dis- trict, Lo wait at the appointed hour in front of the littlo shed which serves for « postoflice as woll us for a geuoral shop orstore and often for a roadside inn, providing suppor and bed, or “shakes down" for belated travelers. The stableman holds a fresh team ot horses ready for the conch as it finishes the stage with a bri gallop downhill, the driver brandishing the whip to salute the little crowd of men in waits ing at the station. Ten minutes will ba allowed for changing and for eating and drinking befoce the vehicle agnin starts on another run of fifteen or twenty miles, keoping up n pace which could only be surpassed in the old country fifty years ago by the best examples of mail” conch driving; but serious neci- dentsare very rave, he ronds tho colony are generally kept in good condi- tion. BN Towdy" in Thirteen Countries, “How do you do?’ That's English and American, “Iow do you cavry yourself?” That's French, “low do you stana?? That's Italian, “How do you find yourself?” That's German. “How do you fare?” That’s Dutch, *‘How can you?” That'sSwedish. *‘How do you perspiro?” That's Kgyptian. “*How is your stomach? Have you eaten your rice?” That’s Chinese. *“*How do yowlive on?” That’s Russian. *‘May hadow never be less.” That's an. “How 15 your bod That's Curkish. And all the abov the i mean Aot 0N An other liare Coincidence. It is o curious fact that the wife of Mr. Chandler, ex-secretary of the navy, should have been a daughter of a former Senator Hale, while the wife of Senator Hale of the present day isa daughter of o former Seevetary of the Navy Chavdlor. No relutionship ex- ists between the families. One husa son nomed Halo Chandler and the other a son named Chandler Hale. T The Great Rock Island Route, In changing time on Sunday, Ndv. 17, the Chicago, Rock Island & Pacific have considered every point of in- ost to the Omaha traveling public. you are going to Des Moines, Chicago or any point east, our solid vestibule limited train is just what you want. Leave Omaha 4:25 p, m. arrive in Des Moines 9:30 p. m. and Chicago8:80 u. m., dining car for suvper leaving Couneil Blufls and for breakfast beforo reaching Chicngo, This truin is also equipped with the finest sleepers und chair cars made by the Pullman Co., which leave from the U. P. depot, Omaha, every day at 4:25 p. m., making close connectious at Chicago with ail trains for enstern points. In addition to this magnificent n we have two other daily trains to g0, lenving Omaha at a. m. and 5:15 p. m. ~ For information as to rates, time, ete., call at ticket 305 Faroam street; telephone S, 8. § INS, General Western Ageat. I3 placed on ressra during to Willlam Colfax, 24, 30 10 52 and i, bIK Istadd to Boush Omuha, shig : 4 5,00 n Colfax to i Robison. Toty 24, i 1. 32 and M, blk 4, W L Selby's 15t ndd to South Omans, w d e sesesn Willinm Coburn, sheriif, to W A" Kulin, 1ot 8, bk 1, South Exchange place, w Potter & Cobb to ./ Smitabory, 8 14 lot 5, _blk 2 Potter & Cobb's add, w d 2,500 to 1T Mux- 7, lot 12, bk 3%, nahs Land 'company Hunt, lots 5 and 6, blk 24, W a M A C Robertson 10 A J i & bik t, Meyers, it i to CM ath Omaha, we, Tots 7 wid nards & ‘Tildens’ Uion Stock Vards company to N’ ik Tot 10, blk 14, 15t add to South Omuha, wd. A P A Harrett and wife to Bdwira Glitord, Iot 6, bik i, W I, Selby's 15t add to South Omabs, Wd,...... 4 John k' MacKenzle ‘and wife to i ¥ Mauthis, lot 14, bik 19, Walout Hill, wd. . Gate City Land Co. to H M Mead, Lots 5,0 and 10, blic#, Bowling Green, w'd ... .., A Saunders and wife to M ks Clark, 1ot 17, bk IL,” Saunders & Himebaugn's add, J 8 Sninabarger toJ " Monigomery, los 11 and 12, bk 110, Dundeo plice, W 4 W J Pal to'E Jumleson, part lov 18, bik % alamo Plaza, wd . Viaa i h W.J Paul to John Da part oty if and 19, bk 2, Alsmo Plaza, wd..... .. ) h, eXecator, to G 1and %, bk Bhino's2dadd, q'cd. . J Olsen to Muir ord. 14152 teot ud- doining lot. 5, blk Omaha, ged . City of Omahi to J Olsen, 11x137 Taet ad: Jotuing log b b 10316 Omaba, g ¢ d.... LGerrard and wite w W Martin, lots i %o 25, blk 0, Pullisn place, g ed...........o0 1 Twenty-one transters, sggregating. . 831,19 OMAHA COMMERCIAI, COLLEGHE, COR, 18TH AND DODGE. ROHRBOUGH BROS, PROPRIRTORS, G. A, ROHRBOUGH, I'4 This institution, dur M. G. ROHRBOUGH, Prin, Bros. bave provided the best facilitios and sought the best interests of pupils, School, and the number will exceed 200 by December 15th. provided for practical driil, A Leocture Course and Literary society arve provided free. school free, here are six regular teachers. The college his the finest display of penmanship. bough has few equals in the line of penmanship, Board furi 90 per cent of those in attendance pay board in this way. nished students for threo hours work per day. Next weck new classes will be started for new students in all L. J. ROHRBOUGH, Penmauship Dep't, ig the past year, has achieved the most wonderful success of any western collage. Rolfrbough There are now 1756 enrolled in Day The finest actual business department west of Chicago, d Day students attend night Prof, L. J. Ro‘[\b More than departments, You can enter at any time, The short hand and type writing department is the best in the state, The corresponding style is omitted, thus saving the student two or three months time. student. Students write from 60 to 100 words per minute in three wmonths, Over 40 students now tal hranches. Frof. Mosher is the most successful teacher of shorthand we have ever known. Practical oftice drll Elven each ing these Over 40 students of the shorthand department have been placed in positions within. ihe past few wonths, besides mauny book keepers. 11 you desire to obtain a thorough commercial training, to you and help you to a situation, We teach shorthand by mail and guarantee satisfaction. Visit tho college next week, if you want to attend an institution which will be a credis be sure and attend the Omaha Commergial College, Send for circulars and h«uumulcgmulmen of penmanship, ADDRESS, ROHRBOUGH BROS., COR. 15TH AND DODGE ST8., OMAHA, NEB,