Omaha Daily Bee Newspaper, March 16, 1890, Page 15

" | THE CONDITION OF TRADE. An Active Demand For Funds Re- ported By Bankers. \ BUPPLY OF MONEY PLENTIFUL. \ 4 Collections Co Fairly Easy and Little laint Heard From Jobbers, Who Claim That Business is The Local Commercial Situation, Clearings for the week as reported by Mr. Hughes. maunager of the clearing house, foot #4,619,023.84, an increase of 21 310 per cent. Halances were §1,057,254.42, rois an active demand for funds, but the supply i8 large and bankers intimate that they have money to spare to satisfactory parties. Rates for prime mercantile paper are $ per cent und might be shaded if conditions were wholly favorable in the view of the lender. Exchango is in gooa supply at the usual pri The ease which has been a prevailing feat ure of the mouey market here as well as elsewhiero throughout the country duriog the past four mouths of a period when money is usually close and in demand, indi- cates that the asking vrice for the use of n.oney is too high. Inanew country like Nebraska what subplus the community has to ieave in the hands of the bankers should be readily absorbed by borrowers, who would use it if they could have it at a price which would net them a profit, and it seems from apparent results that our bankers charge more a8 miadlemen than circumstances war rant; in other words, it looks as if the aver- age local rate of interest is too high. The legal rate, where no special agrecment ex- ists, is 7 per cent per annum, but the lowest asking rate over bankers counters here is 8 per cent. Would not the community be benefitted and dividends as largo as those current be paid if our bank presidents kept their loanable surplus always busy at 7 per cent rather than occasionally st 8 per cent. Why should money be 1 to § per ceut higher in" Omaba than in Cbicago, Baokers report collections fairly easy and there 1s liitle complaint from jobbers, who say that mouey comes in from the country in good volume and the situation as regards outstandings is much better than was hoped for sixty days since. £wlures have been few this” ycar as compared with tho same period in 1889 And croakers are ut a loss to account for the promptness witn which cails for liquidation have been met when the cry has been 80 _ general that the farmers wore bankrupt because they had so much corn and could got 8o little for it. They seem to have sold enough to their debts, and it matters little to the creditors whether the wher With o vay up came from corn in thoe car or corn converted into hogs. City collections are not so favorably mentioned and there seems to be a dearth of cash among those who buy the neeessities and luxuries of life of retalers. The opera depleted house- wives' pocket books of about $20,000 for tickets, dresses, c 1ages, ote., and till the surplus reserve reaches 1ts normal level the collector will probably be a disgruntled in- dividual Jobbers as a rule say that business is good and in excess of last spring. January did not hold its own, but February and March have becn £ood months for sales in the prin- cipal lines of trade and just now all hands i che wholesalo district are _comforta- bly busy and sowe say they hat more trac than they = can readily handle. Prices do not show any great changes. Flour is a trifle stronger. Desira- ble dairy butter is in gooa request and the market firm, With receipts of choico stock light. Cheese is very firm at quotations and the market is uctive. kEggs are n liberal supply. Hay continuesiquiet and in ample supply. Hides come in siowly but the market is dull and quality poor just now. Choico potatoes and oziions are in brisk eall ut quotations. Poultry has been in.excellent demand and the market ficm, especially for choice stock. The wool market is quiet. There is u fair demand for tallow but the market 1s particularly active. In groceries there is the usual call for canned goous and prices aro virtually un- chavged. As to coffees and sugars the Shipping List says of Brazil coffee: The publication on Saturday of the monthly sta- tistical exhibit of the world's visible suppy showing a decrease the month of 190,000 bags, gavo a fresh impetus to the bullish fe alre prevaiing, and since then has been uctive in both invoice and options, a sharp advance in values uffording an oppo wnity for a fresh turn over among local , dealers, holders being anxious to secure the profit shown by the higher bids made, and these in turn becoming buyers ata still . further advance in order to replace the sup- -." ? r v plies previously disposed of. Options stow au advance of 656 points since Friday and invoices have sold at a gain of 1,0, 1 market still retains a strong undertone, based upon steady dimishing supplies in primary as well a8 terminal markets, but yesterday the surface fluctuations were ir- regular aud o tendency n the option market to sag downward was only checked by the confident buying and bidding of prominent bulls who came to the rescue. Still unother influence whict has been less prominent has beeu the sharp decline inthe rateof ex- mge in Hrazil, which, although not sati: factorily explained, indicates disturbance there of some kind which may aflect the supply of coffee. During the past three about 25,000 bags have changed hands, spot and afloat, but there has been very lil tle fresh buying in Rio, as prices there con- tinue beyond the reach of buyers, notwith- atanding the recent advance, ana besides the offerings are extremely light. The sentiment both here and in Europe is bullish, and stiil higher prices are predicted as the result of the general scarcity of supplies that 18 shown in every direction. Total stock in United States ports, bags, 150,581; cleared at Rio (and Santos 14,000) for the U States from Februar, March 4, total visivle supply total visible supply March 1 total visible supply March Mild coffees are iirm, with an advan ing tendenc Dried fruits are active and higher, especi- ally for currants, Turkish prunes, raisins and date 1 rubber goods the advance in the raw market is felt and prices are strong with 1o disposition on the part of manu- facturers to shade quotations, e motal market is quict, and there are no new feat- ures of note in dry goods. Spring trade is fairly under way and the outiook sppears to Dbe satisfactory. The Price Current estimates the export surplus of wheat to be about 8,000,000 bushiels less than stated 1 the rerort from Washing- ton. This is not much in itself, but it tells when taken 1 connection with' recent osti- mates that the erop of winter wheat last year was uearly 50,000,000 bushels less than ofticially stated. ‘Lhe Crane company, steam and water sup- plics, have leased quarters in the Ames building, Tenth und Farnam, and will vacate their preseat quarters on Douglus streot " about May 1. OMAHA LIVE >TO Catue. Saturday, March 15, Leceipts of cattle estimated at 1,600 coms pared with 3,277 yesterday and 1,737 last Suturduy. Among .the receipts were sowe very fine ' steers, one bunchef 1650-pound stoors sold at §4.40. One bunch of* very fine heifers sold atv $1.50. The cattle market opened active and strong with prices gen- erally at an advance, the more common grades advanced u shade, and the better ooes 5¢ to 100, and in' some cases even more. The cow market wasin full symuathy with the steer market, and sales wero made on an active market at an ad- van Some very fine veal. the vest in the yards for a lone time. was on sale. The bulk of the steors soid ut and above $3 70, and the bulk of the cows sold st and above #.50. Bulls contiue active and strong, whie feeders on liberal receipts were stronger, all selling at §3.00@3.45. A1l sold. Hogw. Estimated receints of bogs 8,400 compared With 5,580 vesterday, and 2,143 last Saturday, ‘The market opened stroug snd active at an advance of a niokle, stiffened up stronger aud closed wealk, with all sold at $3.95, abcut yostorday's prices. [ a4 revailing Pricss The following is & table of prises this market for the grades of stoo tioned Primo steers Good steers, 1290 to 143) s Good steers, 1030 to 1300 M . Common 1000 to 1150 h steers, 2 Common canners Ordinary to fafr co Fair to good cows Gooa to choico cow Choice to fancy cows Fair to good balls. . Choice to faney bulls Light atockers and feade Feedors. 650 to 1100 1bs. . r to choice lizht hogs. . Fair to choica heavy hogs. Fair to choice mixed hog aud In men- @45 @445 (@8.80 (@3.60 Disposition of Stock. Showing the number of cattle, hogs and sheep bought by the packers and leading buyers on to-day’'s market CATTLE. Buyers. Swift & Co .o . Georgo H. Hammoid % Co The Armour-Cudaby Packing company., Omaha Packing company ceiraiee Lov Rothschild ......... Benton & Underwood Nels Morris Showing the number of hogs bought the leading buyers on todav’s market: Armour-Cudaby Packing company Omaha Packiog . For the Week. Showing the number of cattle, hogs and ) bought Dby the packers and leading rs for the week ending Saturday, rch 15, cATTLE, Buyers— WitE & OO0 snovsiii orge H. Hammond & Co.. J The Armour-Cudaby Packing compan. Omaha Packing company. .. Shippers and feede % 1068 The Armour-Cudahy Packing company. Omaha Packing company . Swift & Co George K. Hinmmond Packing compa SHEEP . Swift & Company Armour Clidahy Pac G. H, Hammond Packing comp: Omaha Packing company RIS R Highest and Lowesc Sales of Hogs. Today. Yestorday. Highest $4.00 Lowest. Offcial Yesterda Cattle, 1 Hogs, Sheep, stimated Today. 7 cars..1,600 4,400 Rangas of Prices -Hozs The following table shows the rangs of prices paid for hogs: Light and medium hogs......83 95 Good to choice mixed hogs.., 3 85 Good to choice heavy hogs... 8 80 @4 05 @34 00 @3 95 Rangze of Prices —sheosp. The following table shows the raage of prices paid for Prime fat sheep. L84 40 Good fat sheep. L850 Common to m 0 Lambs.. .. 100 @4 60 @3 75 @s 00 dium sheep. Averags Cost of Hozs The follow table gives tho average cost of hogs on the dates mentionad, 1nciuding the cost today, as based upon sales reported: Data. Prico. Date. Price. March . 3 March 10 308 March 3 763 March 11. Murch March 1 3 March 5. .. { March 1 ST March .. 3 913 Murch Uilg Mareh Averags Prict o Boz Showing the average price paid for loads ofhogs on the days indicated in 1557, 1333, 1580 and 1800 T, 1889, Mar., 1855, Mar, 18 s | s | Sunday | 508 :11' | Sunday. 42 Comparative Tables. The following tanles show ta2 ringa prices on hogs durine this ani last wao'c: in Days., Monday. Tuesday Wednesday Thursday.. Friday Suturds, 6 @3 @390 300 @1 @3 95 13 62473 @t W ‘J 65 @3 8) @i 05 [36) @3 K KHepresentative : ales. STEERS. Av. Pr. No. 1230 83 25 L1148 33 80 3 85 8 1164 3 S 1167 Av. Pr CANNENS, uw..; exee 54 4 ; OMAHA DAILY BEE TRARLINGS, MIXED. 330 HEIFERS. 9 Owners, 2 H7 No. 43 Av. ..878 330 Sh. Pr. 80 380 120 3 ey E 6 . = &3 50 450 'JH"' 3222838288888 118181 1E8I8I11I P A P ) On the Market With Stock. Patrick Brothers, Nickerson Livingston, Crescent, 1 T, Robin Loveland, Ia.; L. W. Adams, Logan, Ia. W. Austin, Noolu, In.; Harrig & B., Huu Curtis; McCloud, Indianola: Votaw & B., g & D., Powers, J. Koch, Sutton: Paxton Wright, Geneva: J. Frestrom & Co., Maimos J. Sugden, Syracuse: M. L. S. com- pany, Wood River! F. H. Parks Bancroft; J. i, Kessler, Kessler & Lensing, Oakian W. H. Humphries, Modale, Ia.; Thom Price, Tnayer; A. E. Tunberg, Hooper; Willlam Humphrey, C. Breithbath, Birrest & Haris, Beemer; I, J. Hale, Bassotti J. Skirying, Stuart; 1. B. Brooks, York; A. R. Louder, Mason: 'Rooney & Co., Bragton; J.W. Nicholson, Marquette: H. Blumer, Chalco; J. B. Brooks, Bradshaw. Hous—d. I, Fairman, Axtel; Thomas Pow- ers, Sutton: B. B. Oug, Fairmont; E.J. Ferguson, Friend; Walker & D., Waverl John Erostrom & Co., Malmo; C. L. Ci head, Wahoo: A. Laverty, Ashland; A. W. Jobison, Loomis; Monk & Anderson, Bianch- ard, fo,; J. H. MCArthur, Lexington; Ander- son'& J, O, Holmguist, Oakland: Smith & M., Blalr; Gamet & Ogdon, Mondamin, Ia Thomas Price, Thayer: Beodham & S. Dodge; L. B. Shephard & Co., West Point} J. G.' Mathewson, & gCo.. Piger; F. J. Hale, Bassett; B, . Spagster, Newport; James S. Kirving, Stubr; C. W. Braasch, Norfolk: A. R. Louder, " Mas- son; John L. Glade, Anselmo, Neb Johr Dern, Hoover; W. Dworak, Verdigro; Bush Bros ' Bros. & Co. and Davison & M., Creighton; Peterson Bros., Honey Creel, T.; Roden & Z., Missouri Viloy, In.3 D, W.' Austin, Neola, Ia.; J. H. Bifd, Ports® mouth, Ta.; H. Hammer, Mineola, ' fa.; C. Sprecher, Dennison, Ia.; Lu Beal, Superior; B. ¥\ Stilley, Tobias; Thomas & C., Ohiowa; Taylor & B., Broken Bow; First Natiopal Bavk, Ravouna; A. J. Adams, Bradshaw. Honses—L. S. East, Omaha, Neb. Market Mention. W. H. Brown was over from the Bluffs with a car of cattle, George T. Clark was in from St. [Edwards with a car of cattle. W. B. Bell of Tabor, Ia., had a car of cat- tle on the marke ~Genoa Grain and Cattle company cur of hogs on market. Mr. Votaw of Votaw & Bishop, was at the yards with a car of catile. Harry Robinson, one of the most frequent visitors from the “Proub" side of the river, was here with a car of cattle. The genial face of Mr. Gamet of Gamet & Ogden, Mandamin, la., was seen at the yards, and as he never comes empty handed, the Low receipts were increaseda one load. oy liis visit. ¢ G. Bredenburg of Molmo was in with hogs and two cars ot cattle. John Lemke, au every day shipuer, keted hoxs from Millard. Lu Beal, a successful cattle dealer and feeder of Superior, was on today’s market with two cars of cattle. T'he report of sales 1n Friday's paper of the Standard Cattle compaay of thirty-two and thirty-one steers at $3.70 and §3.40, was no such sales being made, The error occurred by publishing purchases made by instead of sales by the Stand ard Cattle company. e e New York Dry Goods Market. W Youx, March 15, —|Special Telegram to Tue Bee.|—-Stormy weather, curtailed trade in dry goods as regards transactions on the spot, but jobbers did a fair business under the circumstances. while agenis re- ceived the usual volume of small orgers by mail for revlenishment. There was no change and uo uew features to the market, Are Xou Going To any point east, west or south? Trav- el via the Burlington route. Elegantly equipped vestibule trains of Pullman paifce sleeping cars, reclicing chairv cars, seats free, dining cars and._ day coaches run daily from the Burling- ton’s own depot in Omaha, thus avoid- ing transfers, Trains leave Omaha as follows: To Chicago, Peoria, St. Louis and the oast a, m., 3:15 p. m . m.; to Lin- coln, Denver and the west 5:50 a.m., 10:05 a. m., 6:55 p. m.; to St. Joseph, Kansas City Louis and the south 5a. m. 5 p. m. Ticket office 1223 ‘arnam stroet, and depot 10th and Ma- s0n sts., Omaha, 4 e PSR GREAT REDUCTION IN RATES Viathe Wabash Railroad. In order to make room for our spring stock of tickets the Wabash will today commence their great clearance sale of railroad and steamship tickets to all points east and south; also to and from all parts of KEurope. Call ly, or write, and secure tickets and sleeping car accommodations at Wubash oflice, 1502 Farnam street, Omaha. N. CLAYTON, Ticket Agent, -~ Californta Excursions. Pullman tourist sleeping car excur- sions to California and Pacifie coust points leave Chicago every Thursday, Kaunsas City every Friday via the Santa e route. sket rate from Chicago $47.50, from Kansas City 35, sleeping ar rate from Chicago # per double berth, from Kuansas City $3 per double berth. Everything furnished except meals. These excursions are person- ally conducted by experienced excursion managers who accompany parties to destination. For excursion folder con- taining full particulars and map folder and time table of the Santa Fe route and reserving of sleeping car berths, address S, M. Osgood, general agent, L. Palmer, traveling agent, A. T, & E Y railroad, 1308 Farnam street, Omaha, Nebrask The Only One. The Chicago, Milwaukee & St. Paul Railway is the only line running solid vestibuled, electric lighted and steam heated trains between Chicago, Coun- cil Bluffsand Omaha, The berth reading lamp feature 1n the Pullman sleeping cars run on these lines is patented and canuot be used by any other railway company. It is the great improvement of the age. Try it und be convinced. Sleeping cars leave the Union Pacific depot, Omaha, 8t 6 p. m. dally, acriving at Chicago at 9:30 a. m, Pussengers taking this train are not compelled to &ot out of the cars at Council Bluffs and wait for the train to be cleaned. Get tickets and sleeping car berths at Union ticket office, 1501 Farnam st. F. A. NAsH, Gen, Agt. J. E. PRESTON, Pass. Agt. had a Burtis, mar- SUNDAYAMARCH THE SPECULATLYE MARKETS. Trading in Whe Again CORN ACTIVE IN N. e and Prices er. ROW LIMITS, A Fair Business Tesmsacted in May Oats—An Unsettled Feeling in Provisions—Al ood Cat. tle S§8. CHICAGO PRODUCE MARKETS, Circago, Maroh 15— Spacial Telegram to Tux Brr.]—Trade in wheat was quite largo and prices agaia reached a higher point. The markoet opened excit:t and higher than yesterday's closing, declined rallied !go, fluctuated and closed !J@%c higher than vesterday, ‘‘Shorts” were again quite nervous and’ anxious to cover. Atthe same time there was considerable wheat for sale at top prices, which caused a reaction and held the market in check. Tho short interest has covered very froely tho past two or three days, having become some- what uneasy on account of the cold weather and the numerous reports received of damage to growing e€rops from various winter wheat sections. Advices from IKen- tucky report the ground full of water and freezinyg weathor in that vicinity. Kansas and ‘Missour: reported cold weather. A letter from Michigan, received from reliable source, said wheat was looking bad and that millers in some sections had difficulty in getung all thewheat they wanted to grind. Corn was fairly active within narcow lLimits, the market ruling somowhat stronger. The firmer tone was due, as much as an thing to tho rather free purchases of May bya large shippiag house, though the advance in wheat had some influence. Local receipts oxceeded expectations by about fifty cars, and the grading was good, ana arrivals, no Coubt, will continue very zood owing to the colder weather. Domestic markets showed slight gains, but cables showed no special change. The speculative market opened at Jgc better than the closing prices of yester- day, was firm and advanced a trifle, changed but little and closed a shade better than yes- terday. Cash property was in moderato request, offerings fair and the kot firm at yesterday's outside prices. No. 2 was in fair request ana sold *at 231{@3Sigc and closed at 28%@?8}4c. No. 2 yellow sold sparingly at 2s%c and closed at 23%.c, No. 8 was quoted nominally, depending on locas tion, ut 264 @27c. Afair business was transacted in May oats, but other deliveries were quietand steadier, May fluctuated ';c and showed a firmer feeling early, “prives advancing a trifle. but later in the day receded 'y(@ifc on liberal selling by alarge operator, who hae been the heaviest seller all weok. ‘There was fair buying on the decline and the market closed steady. ‘I'he demand for car lota in store was sught-and prices for No. 2 nominally 20f@2lc. No.2 white for May sold at 223c. & Trading was only moderately active in the market for hog prodacts, but the teel- ing was unsettied acd prices ruled with more than usual irregularity. Receipts of bogs were moderately large for the closing day of the week, but prices ruled higher av the opening. Packers, however, were not disposed to follow the advance and an easier feeling prevailed later’'in the day. The course of the market for products was to some extent governed by the hog market. Atthe opening the feeliniz was rather firm and slightiy higher prioss were realized for some of the leading articles, Offerings, however, were enlarged, operators antici- pating an ingrease of -%‘xwr cent in the hog 3@ A 0, supply for the ming week com- pured with the arribals for the . cor- responding week in 1850, basing thewr calculations that the improved roads and the, recent advance in prices will _encourage farmers to sell more ireely, This had a weakening influence on: the wmarket and pricea gradually receded to the inside range, Later in tbe day the market again showed more steadiness and prices rallied slightly, but trading was only moderate, Toward toe close a weaker feeling was acain devel- oved and the market closed rather tame, 1n some instances at theinside figures. Trad- mg was mainly in May and July deliveries, with prefereuce given to the former. Buy- ers wero slow to take nold in view of the nervous feeling in the speculative markets and scliers were not pressing their property for sale. CHICAGO LIVE SIOCK. CricAGo, March 15, —{Special Telegram to Tue Bee.|—Catrix—The few cattle in the hands of receivers sold early and at steady prices, About balf the fresh receipts be- lopged to the dressed beef trade and neariy a third of the offierings were Texans. Everything of any value at all in the beef line was disposed of and the general market closed steady. A consignment of Texans sold at §3.50 and averaged 958 Ibs. There were quite a number of stockers ond feeders left and prices are rather lower than at the close of last week. Medium to good steers, 1350 to 1500 1bs, $4.00@+4 75; 1200 to 1550 Ibs, $3.50@4.25; 950 to 1200 lbs, $3.80@3 7. Stockers ' and feeders, BU@3.65; cows, bulls and mixed, $1.50@; bulk, $3.00@2.40. Texas corn-fed, §3.00 @3 70, HoGs—Not for many mouths &as there been such & breeze i the market, and not for many months was there such ‘a collapse. Speculators almost ran over each other the opening, such was their anxiety to get in, and at the close ran over each other to get out, Those that sold early made a little money, but those that held on lost more than they made. It was & speculative market and bit the dust at last. First sales showed an advance of b5@l0¢c and buyvers for ckers took to the woods, or rather the ‘ences, and there stayed until the wild spec- ulator had all he wanted, muny getting more thun they wanted, and at the close the rango was only $4.20(@+.35, azaiust $4,30@4. 35 early, the warket closing weak Wwith about 3,000 left, as there were only about 12,000 sold. Salesmen that bad late arrivals could barely get a buyer to look at their stock unless he named the price. Some hogs that were hela at $4.85@4.40 during the ot of the morning, were offered at $4.25@4.30 and no takers at the close. Light sorts soid largely New York, March 15,—|Special Telegram to Tr BEE. | —ST100K3—7bhe meeting of stock cperators last night dovelgped nothing new. ‘The market has not respanded to the events of the week as it was fgagonably expected. Traders do not catch the full importance of the Burlington purchase, The money quos- tion still haogs over the market. The bears are thankful that they have not been pun- ished worse and tho buils féel secure because 1o long stock of imporiance bas come out for a fow days, and it ja argued that they need only wait fop_ 'tbe public to come i, when al values will have an advance. Jdhe uncertmnty about the bank statemept caused hesitation aud heaviness early. l“;pl prices generally showed small losses !:g:q last night's fig- ures. The tone of early dealiugs, however. quickly changed for the batter and a general improvement took place.” Reading was the most conspicuous stock in the trading at first, but later Lake Shore came to the front, and, scoring a gain of 1 per cent, became the most prominent stock on the list. Sugar ulso displayed marked strength and after apening down 3 per cent at 853, rose to O7. Manhattan, on @ small business, shot up 1 per cent to 10837, but the rest of the mar- ket was quiet and moved within narrow umits, Tennessee Coal was the only exception and after a decline of 1 per cent from last night's figures to 47550 1t rose to 483(c. The bank statemont was 5ot an im- portant factor and rescrves showed less than §1,000,000 decrease. The market closea without important changes. Graogers and Coalers were narrow and steady. As far as any victory is e>ucernsd the market for the day and weck was aboat & draw. 1890.~-SIXTEE | Thetottowing were the elosing quotations 0. 8. 48 roquise. 121%(Northorn Pacific .12 | do preferred. .. 1035 0. % N W Sy doynu 118 ' |N.Y.Contral.... 4 P DB | Rock Isiand C.o M. & SLP do preferred ., St.Paul & Omati o pratarran Unton Paciflo s W.SLL &P, Lake Shors. ... 107 o proforrad Michignn Central.| §74 Westera Union Missourt Pactfic.... T MONEY 0N CALL—Easy with no loans Priue MERCANTILE PApsn—3ig @7k per cont. StanLixe Excmaxor—Quiet, steady; sixty- day bills, $4.519]; demand, 84547 16, Central Paciflo. Chicago & Alton Mining Stook w Yons, March 15, ~[Spocial Telegram toTae Brg. | —Ths following ary the mia- ingstock quotations: Al . veen 100 Adams'Con Lo 10 Caledonia, B. H.., 190 Comstock, bds.. ..3X0 Comstock. serp. 3000 Deadwood T,.. ...140 El Cristo Freland . 5 Homestake. .. | Horn Sliver...... .20 |Tron Stlver. 00 |Mexican euee 200 Ontario B0 Ophir 350 Savage RS 1) Sterra Nevada' .. 190 Sutter Creek 17 Cricaco. March T, Wheat—Eusy ; March, Corn—Steady; March, 2814 Oats ~Easier; Marob, 2ic; Ryo—Ma Barley_-Nothing doioge Prime Timothy—$1.20, Flax—Cash, 8148, Whisky—81.0 Pork—Steady; March, $10.32; Mdy, 3.05; May, $6.10. Nominally 100é15¢ bigher; winter wheat, $2.00(@4.40; spring woeat, § S0; buckwheat, Provisions—Shoulders, $1.40@4 clear, §5.35w@5.40; short ribs, Ma Sutter—Steady ; creamery, 100 18@22e, Egs—Firm: fresh, 19@13c, Cheesd—Fuli cream caeddars and 9@10c; Young Americas, 101{(@i1l{c. Hides—-Steady; heavy and light groen salted, 4)@4%(c; salted bull, 3%c; green salted calf, 5igc: dry flint, 6@7c; dry salted hides, Ocs, dry alf, 5@bc; deacons, 20c each. Tallow—Steady; No. 1 solid packed, 83¢c; No. 2, 8%c; cake, 4 ci flats, Receints. Shipm'ts, L 13,000 10,000 . 12,000 10,000 257,000 206,000 . 91,000 110,000 —Wheat—Receipts, 12,100 bushels: exports, 48.000 bushels; spot higher \\'i?h Options quiet: No. 2 red, S81,@ 88550 in: eleffator, 80} ufloat, S9L{@9lc 1. o. 'b.; options on up No. 2 red, March, closing at 88%;c. Corn—Receipts, 1 49,700 bushels: spou fgc in elevator, graded mixeq, 29 March, 36)5c. . Oats— kKeceipt: 21,050; spot steady ) 2015 @31c mixed western, 27@30c: white do, sU(@ obtions steadys March, 2sigc. Coffee—Options closed steady and 10 @15pornts up. Sales: 88,750 bags: March §18.01; May, spot Rio firm; fair cargoes $20.50. Sugur--Raw, firm: efined, lower. Petroleum--United closed, April, 9 teady; westeru, l4c. tronger; new mess, $11.00@11.50. Susior; western steam closing au $6.50 bid. Butter creamery Cheese—Iirm; western, 10(@1 St. Louis, March 15. —wneat-Higher; cash, 77540 May, Corn—Higher; Onts—Higher; cash, Flour. bushols; exports, rmer: No. 27 861/@ 1@3is/c afloat; un- siic; opions steady; exports, 20, Butter—Active; creamery, 25c; dairy, 20@ Milwaukes, March 15. No. 2 spring, cash, 12'{@ Corn—Steady; No. 3, 25c. Oats—Steady; No. 2, white, Rye—Firmer; No, 1, 423@123c. Barley—Higher; No. 2, 4lc. Provisions—Lower; pork, 10,40, Minpeapohs, March 15 — Wheat — Hhgher; receipts, 166 cars; shipments, 83 cars. Closin No.' 1 hard, March, i8c; May, 8lc; on track, 74@79i{c; No. 1 northern, March, 763{c; May, 753 on track, 78c; No. 2 north- ern, Mareh, 743{c; May on track, ‘Wheat-Stronger; May, T3i{e. March 15.—Wheat—Firwer: Coru—Active; Ni Oats—Quiet: No. W hisky —$1. Kansis City, 2 mixed, 81c. mixed, 23@2Hc. March 15. — Wheat — Liverpoo , March Wheat—Firm; demand poor; holders offer sparingly; California No. 1, 78 2d per cental. Corn—Quiet; unchanged; new mixed western, 33 635 per cental. LIVE S10CK. Chica zo, March reports as foilows: Cattle—Receipts, 2,000; shipments, —— markot steady ; stockers and feeders, $2.50@ I bulls and mixed, $L50@8.20; ‘Texas corn-fed steers, $3.00@4.15. Hogs -Receipts, 15,000: shipments, market weaker; mixed and lght, @ 4.3215: heavy, $4.20@140; skips, #3.40(w4.15. Shoep—Leceipts, 1,8)0; shipments, market steady: natives, $3.50@5.%; western corn-fed, $4.90@5.60; Texans, §3.90@5.1 lambs, $5.00@s.8). Stoax City, March 15,—Cattle—Receipts, 700; shipments, 050; market unchanged : c. ners, The@$1.25; cows, $L.U0@I ors, $1.30(025; feeders, #2.25@290 calves, 2.00(@3.15. Hogs — Receipts, 1,500; market opened 5@10c higher and ciosed losing advaace; everything, #3.9735@4.10 Kansas Oity, March 15—Cattle—Receipts, 2,000; shipments, 1,600: market strong und higher; steers, $3.30@4.50; c 8.00; stockers 2 Hogs—Heceipts, 4,300; market higher; all grades, $4.0: Nadonal St rard , Lou~, March 15.—Cattle—Receipts, 600; shipments, i market steady; fair to fancy native steers, $3.3025.00; ' stockers and fepders, 2 20@3.60. Hogs—Receipts, 1,200; shipments, 1,600; markct higher; heavy, $1.10@4.20; packing, #.0 .15; light, $4.00(@4.20, ke 4 Weekly Bank Statement. New YORrk, March 15.—[Special Telegram to Tue Bee.|—The woeekly bauk statement of the associated banks shows the following changes Reserve, increase,, Loans, aecrcase. .. Specie, increase........... Legal tenders, increase. . Deposits, aecr . 325,000 Circulation, increas aeieee 47,000 The banks now hold £1,050,500 in excess of the 25 per cent rule. ‘Lhe exports of specie from the port of New York last woeek aujounted to $357.460, of which $125,500 wus gold and $262,160 siver, ‘fue imports of #pecio for the week amounted w #252,012, of which $207,610 was in gold and §25,502 silver. - The Niobrara Delegates. The followiog self-explanatory circular has been issued by the real estate exchange: “The committee of business men from Niobrara who are on their way to visit the ofticials of the Chicago & Northwestern rail- road company to present the wishes of their ple for an extension of the Fremont, ilkhorn & Missouri Valiey railroad to their city, will be in our city Tuesday, the 15th inst. It i the desire of the real estate exchange and the interest of every Omaba busicess house that this line be extonded, and to that ead we invite and urge every firm to attend a meeting of the exchange Tueaday forenoon at 11 o'clock, to meet this committee, and to indicate o them that we desire commercial iotercourse with them as strongly as they wish us, and to en- dorse and co-operate with them in their eo- deavor for the constructioa of this line, -The Drovers’ Journal $ 830,450 1,545,000 1, 104,400 000 "Place, PAGES OMAHA'S BIG OPPORTUNITY, The Advantages Which a Road to Niobrara Offers A GATEWAY TO RICH TERRITORY, The Situalion Thoroughly Explained By a Relabdle Correspondent and a Few Figures Given—Facts to Consider. A Great Chanc Niomians, Neb, March 14.—|Special to Bee |—A dot pn the mav of Nebraska at the mouth of the Niobrara river, the state’s second largest stream, is now attract: ing the eye of Omaha. Last year Tug Brs correspondent was detailed to show this country up in its true light, with a view of making i¢ one of the crossings for Omaha to reach the land of the Dakotas. Euncouraged by these various articles to Tug Bk tho business men here put forth their best en deavors to carry the plan into effect, and finally securod a hearing before President Hughitt of the Chicago & Northwestern line. He held out to the committee a faint hope that Niobrara could look for the exten- sion of the Fremont, Elkhorn & Missori Valley railway into Niobrara, but would not give a date, One barricr in the way of fta extension from Verdigre, twelve miles distaut, was the old grade of the Chicago, Milwaukee & St. Paul railway. Attorney General Lecse, however, in a letter to the writer, held that tho giade could bo condemned, and the case was turned over to legal hands and tho Mil waukeo people relinquished their right to the grado without any tesitation or strug, ‘The right-of-way was again sccured, and I B. Bonnell can Niobrara thank for the phaso of the present situation. He has worked for Niobrara without pay, and Niobrara hopes he may be liberally rewarded by the com- plation of the railroad to Niobrara in time to secure the $3,000 bonus, right-of-way and depot grounds. Omahn has o right to feel that Niobrara furnishes the gateway to & new country rich in resources—to feel that be- yond there isa beautiful land filled with a productive class of farmers and. thriving cities. in 1ne Bee's former locters its cor- respondent has striveu only to call attention to possibilities. Now that Omaha has reached an understandiog of those possi- bilities in general, it is the purpose of this lotter to bring them down in detuil so that a bluninoll body may figure out tne probabili- ties. The great cry of Omaha has been to tap the Dakotas. Take a map and run the eye over the Kikhorn Valley system, then over the Omaha line to the north, and what dowe find! One taps the great coal fields and cat- tle ranches of Wyoming, the gold fields of the Black Hills, a fine agriculture region in- tervening, and is, with its branch frum No: folk to Verdiere, twelve miles away, on the edge of the famous Dakotus. The other goes to Sioux City and St. Paul, two rivals in_trade, @ Fort Randall, Ponca, Sautee and Yankton gencies are near at _hana, and the supplies for all come over the Milwaukee liue aod are reshipped from here either by steamer or wagon. Secure the Eikhorn Valley to Niobrara and Omaha has a means of shippiog to these pomts. ‘The swaller towns sur- rounding, siuce the interstate commerce law makes Niobrara o Missouri river point, hav their goods shipped here from Sioux Ci which is by no means of iuconsiderable amount and will be greatly increasea as the country develops. The trade heyond is one of the probabilities. But the outputof cattle and hogs, with Owaha as the market, can scarcely be estimated, and the assurance of this trade is not questioned. These ure gen- eral hints which can oanly be aeveloped by a well reguiated system of push. Now coming to Niobrara last year's busi- 'ne Bee correspondent has taken the principal business men and figured with them the number of car loads shipped in and out by rail, and finds tho following result: Tmport. Export. No, cars. No. cars Wilcox Lumber Co. .. ..0.100 25 Bonesteel & I'urner general mer- chants B. Bade & Co., po live stock. ... F. Opoceusky, chants .. « A. B. Yautis, hardware and coal G. I". Clough, general goods. J. C. Thomas & Co., groceries. . Lenger Bros.. agriculture and live stock. vese C. Marsnall, Y V. Hoizdalek, furniture. . Stein, furniture..... V. Slasor, grocerics. ... . William Lamont, general good: Two drug stores (estimated). Four suloons (estimuted) Niobrara brewery Niobrora Cannin Miscellancous (. in- cluding immigrauts and towns and small siores, . . 2 Total. 116 ‘This 18 low, and I believe that the estimate 00 low. In a recent conversation with Cap- tain Joseph Leach of the transfer boat here he says that the average crossing is one car a day. Much of the stock from here is driven to the Eikhorn Valley road, which of course is not credited to Niobrara. In the opening of this new country it can easily be seen that the trade can be increased. Niobrara has water powers of unlimited capacity. ‘The chalk stone bluffs of the same matcrials as Portland cement is manufac- tured av Yankton, abounds near Niobrara, and capitalists have looked av this point with a view of putting in a plat. Niobrara is in earnest and holds out a grand future for Omaha. Twenty five years of inaction have finally persuaded Omalia that the accepted tume has come. ‘This is Niobrara’s first visit to Omaha in this capacity. Omaha can a‘d to settle a great question next Tuesday. Arouse | general mer | mal [l 1w [ T Healty and Bmilding Notes, W. T. Sweesy yesterday purchased the desirable proverty known as the Chapman property, at the porthwest corner of Six- teenth and Jackson streets, The lot 1s G6x58 feet and was purchased for $41,000 in cash 1t1s Mr. Sweesy’s intention to erect a model four-story orick block of stores and flats on the property to cost at least $30,000, Work will be commenced upon the structuro as s00n as plans can be drawn, The sale was wade by Charles Sweesy. P. M. Mulien has purchased the three- story brick block of stores and flats at the southwest corner of Seventeanth and Cum ing streets, and the real estate, 64 for 50,000 from John Brevoort W. S. Wrient, u member of the Rector, Welhi ., s p lot at the northeast corner of Jackson for §75,000. M. O. Mavl bas bought John C. Drexel's one-half interest in fourteen lots in Drexel & ul's subdivision for §12,000, E. Stratton paid $25,000 for eight lots Briggs Ploce. F. H, Kosters has purchased 80 teot of lot 5, block 200, Fourteenth and Marcy streots, for §11,500, Artnur East paid $12, firm of sod the lenth and 30 for lot 6, Rees Judge ). J. Neville yesterday refused an offer of $130,000 for his lot at the corner of Sixteenth and Dodge streets with u frontage of 06 feet on Dodge, Judge Neville says the property is not for sale, as he proposes to carry out his already expressed intention of ouildiog @ handsome hotel on the corner when the new postoftice is built. The Northwestern Shotand Lead company has purchased whree lot in Kcuntse & Ruth's addition near Seventeenth and Mason streots. The company will build & commodi- ous brick shot tower on one of ihe lots at once, the enlargement being necessary to sccommodate the increasing business. It s also proposed Lo sturt another branch of the business on two of the lots, snd a cowpany eing organized for the purpose. e Paxton & Vierling iron works people have myde s purchase which now gives them possession of all of the ground betwuen Seventeentt and Nineteenth streets wnd be- tween the Union Pacilic and B, & M. tracks. The purchase was made of Joseph Lels of Gormany for $15,000 and was for the pur- pose of enabling the company to make ex tonsive additions to its plant atan ear dato. Like all other manufacturing indus- tries in Omaba this ono s prospering. Porter Bros. & Co. of Chioweo, whotesalo fruit dealors, have bought ground on Jonos street, between Eighth and Niath, and will erect u large warehouse on the property this spring. Work has been bogun on the foundation of the American National bank building at the corner of Fifteenth and Dodge, tie sito oc- cupied 80 many years by H. McShane's 1ding will be six stories high & Riley will build & big brick planing wili neae the coroer of Seventecnth and Muson streets, The price of brick i keeping many pros- pectivo builders from commencing work early in the seuson, Bri are now held ad from £5.50 to $10 per thousand, Two wongh later, whien the yards aro 1o full blast, th same quality of brick will be offered at from 26.50 to &4 per thousand. Henco the delay o commencing large brick structures, A few liberal members of the real ostate oxchange contemplato the presontation of & chromo to the editor of the Evening Boom us 8000 us ho gets out a correct batch of statisé tica—if he aver doos. Progress on the ew buildings being erected in tho heart of the city 1s very satis- factory, It 18 reported that an immense stove plant, employing 1,600 men, will remove from Troy, N. Y., to Omana, Rents aro very active, residence property of the cheaper grade being in especially good demand, (eneral Test's friends are nrging him for the position of secretary to the stuto board of transportation when he is througn with his census work. Outside perty. Subdividers complain not of a falling oft in the extont of the business, but in smaller margins of profit. As the value of acres is augmented and as it is often dificult to raise the price of lots dealers are forced to suffer the loss of the difforence. The pooror classes do not keep as fully posted on tho course of values as tho more extensive opers ators, and they are difficult §of conv iction when it comes to a point of increased rates. Within a few weeks it is probable that subdi- vision property will be advanced all along the line and then the small buyer will be con« vioced in spite of himself. It is now somo- times aificult to convince a purchaser that a lot is worth £500 when other vroperty cqually close to the center of the city 18 seiling at'n much less figure. He can not catch ths drift of improvement \ike a professional real es- tate man and asks for tangibla evidence of worth, It1s not an easy matter to market subdivisions, and, considering everything, the retailer’s profit is not exéessive, Roaping kesaits. The little brochure, **Truth about Omaha,’ issucd under the auspices of the real cstate exchauge, is beiug sent east in largo num- bers by the real estate men and is dolng. much to place tho city ina propar light bo- fore eastern people. A rocent issue of tho Patersoa (N. J.) Morning Call devotes half column eaitorial to the contents of the pam - phlet and presents a loug list of statis: of Omaha's wonderful growth development in the past ten years. mouting on the showing the Call s; give theso facts to show what {s the resulu of a progressive public policy. 1n compari- son with this hustling weatern city Paterson 18 away bebind tho age, Iv is this sort of hustling enterprise that has driven Omaha to the front as a great ¢ Here in tho east wo are too conservative, too sleepy, too old fogy ish. What wo want is some of tue goahead spirit of the hustling west.” A Query. To the Editor of Tie B in your paper whether a me to another party for §1,500, £300 cash, bal unce two notes, $500 each, can suo tho party of the second part for the $£1,000 after the party of the first part bhas boucht the lots back at sherifl’s sale, and thereby has 500 of the money of the party of the second part and nlso the two notes for §00 each and also the low A, Ans. —This question has been frequently decided by the courts, The original sebler of the property has a judgment against the purchaser for the full amount, §1,500, less the $400 cash payment and less the amount realized by tie sherifl’s sale. For instauce, if hie buys the property at sheriff’s salo for $800 he has che $500 paid by the purchaser Pleaso state who sold a lot Statement Equitable Life Assurance Sociely may be obtained on applica- tion. The following are the principal items of the account: ASSETS, . . $107,150,30 LIABILITIES, . 84,320,285 SRBLLS . . $22,00104 Income, $30,393,288 Paid Policy-holders, $11,842,858 . In 1889. New Assurance, $175,264,100 Outstanding Business, $631,016,666. Send for Illustrations of the Society’'s Twenty-Year Ton- tine policies, showing at ma- turity cash surrender value equal toa RETURN OF ALL PREMIUMS PAID, with COMPOUND INTEREST of from 3 to 5 per ce num added, 0. H. P. HALE Manager for Nebraska, Room 5. U. 8 National Bank Building OMAHA, - - NEB t per an-