Omaha Daily Bee Newspaper, July 4, 1893, Page 6

COMMERCIAL AND FINANCIAL | i‘ml(ng Ganerally Too Small to Attract Any Partionlar Attention, JULY DISBURSEMENTS HAVING EFFECT Afternoon Improvement Due to the Re. Actlon in the Money Market but Inte et Niates Are Not Expeoted to Deoline Much Nrw Yonx, July 8—Affalrs at the Etock exchange today were extremoly dull. The absenco of leading operators on the streot, an usual on account of the natfonal hollday, induced the traders who are bearishly In- elined to hammer tho list at the opening and the early quotations from London showed a consid decline from Saturday's fiual figures. Manhattan fell off 2% per cent to 122, Northern Paclfic proferred 21 per cont to 821, Unlon Pacltic and Chicago Gas 134 per cent, and th afnder of the list 1 to 13 per cent. As the day advanced the market ns- sumed o firmer tone and prices improved % to 13 por cont on comparatively light offerings. Tho trading throughout, however, was so small that no speclal significance could be at- tached to the fluctuation at any time. The fmprovement during the afternoon was largely due to the lot-up In4he stringency on moncy, round amounts having boen offered at from 8 10 6 por cont, w8 agninst 16 nnd 25 per cent auring the niorning. The July disbursenients are beginning to have their effect, but it {s not expected that tho rates of (ntercst will sottlo down ton permangntly low basis forsomo time to come at least. Tho market closed firm in tong, The New York Stock exchango and the Con- solidated Stock and Petroleun: exchango will be closed tomorrow. The Post suys: The course of toduy's stock market prices reflected falthtully enough that all our financial trouble Is not yot passed. Tho advanea in pricos on the news of the Atigust sesslon having been abruptly checked,is natur- ally a source of disappoiniment, but hardl any other result was fo have been expected. There s plenty of willingness to buy stocks on the part of both speculators and investors; to his all commission houses will bear witness, but those who have moncy in_thelr hands can do botter by lonning 1t than by purchasing and those who wish to buy with bor- Fowed moncy are unable 1o get accommodu- tion. A natural enough Inference from this the demand, now for a fortn| will disappear with moncy I8 on It by no_ v rates are lkely to o will find louns for supply. 1t must always bo remembered that the banks hinve to ciro for their commereinl cus- toniers before they grant w dollar to l‘wruhh tive borrowers, and_ that oven when the gen- eral situation s casior they have outstanding oearly #21.000,000 in clearing house certifi- cates, on which they themselves are paying 6 or cent. 1t would be not only hazardous, but nanciuily very unwise to grant en ment to speculative moyv linbilities are cancoled. Me sver, the market has as underlyl; support the naturitteniand for refnvestinent of July disbursements and s greatly overex- pandcd short uccount. The following are the closing_quotations, on the leading stocks on the New York Stock ‘ex- change today Atchison RS Adums EXpross.. Alton, Terre Haito doprefd.......... American EXprons Baltimoro & Oliio. . when obtainable. But , Deeauso cull money so off, that speculutors thelr uses fn plentiful Plttsburg. Pullman Reading. . Richmond fér. do prefd. southen llinols Central.... Duluth.. t. Paul an. & Tex. pfd... ke Erle & W o pref'd. ke Shor Load Trus f uisville & Nash, ulsville & N. A.. anhattan enphis iehigan C Ditusourt b obile & Ohio, Nashviile Ol Cordage.. Union P ¢U. 8. B g Western Unfon. Wheeling & L. do profd. M. &St L Northern F ‘Phe total sules of stocks todny were 77,400 shures, Including: Atchison, 4,700: Chicago G, 8,500 Electric, 8,500; Loulsville . Northern' Pacif H Reading, Rock Island, 10,600; "' Sugar, 6,100; Union Bales of silver ‘o 4,300 al, Dacific, 4,400! ftificates, 60,000 ounces. New York Money Markot. New Yous, July 3. ON CALL—Was ranging (rom 8 0 6 p it last I 8, closed offered at 8 por cent. N ¥ Y 68 per cent. TLE PAPER with actual *ATES — Were steady, witlh sales at TIRGTSC, closing at 74xe bidna'76e nsked. IVERNMENT BoNDS—Strong. State bonds 1001 110 06 5.0 108 Loulsianast'ped d8 90 Missouri 6. woe 100 Tenn, new KoLis. L 97 now set 6y 05 i 81§ T 18l 105 i D.&R.G. 18ts. b D &R G.ds B B I G o Mutial Union iin. N.J,C. Int. Cert.. Boston Stock Quotations. BosTON, July 8.—Call loans, 7@10 per cent; thue loans, 6 per cent. Closing quotations c on d min Tioston & Alb Boston & Mali | Butte & Boston..., lumet & Heeli. fal.... West End do pref's s Quotstions. New Youk, July 8.~The followin, mining quotition bt Bod Tio 8 100 20 700 70 err Novada. B 120 A0 [ 16 200 1500 nion Con Yellow Jackot. Tron Silver... 700(Quick Silyer 100 “do prof 0| Bulwer. Homestake Mexican Outarlo London Financial Review. [Conyrighted 1873 by lames Gordon Hennett.| LoNDoN, July 8.—(Now Y —Special to Tie Bek.) -8i1 at 33%d per oz, but there | that the reaction 1s unwarrant merely to the wantpulition of A ators who ure interested in the met belleved 1t will fall to a lowe stock markets were all flat tod: ilways opened moduratel strong belief und due rican dy. but soon uisville & pecial fuvorite Weakend and . closcd Nashville, previously as hero. leading the downward movement with & Lull off 3 per cent and closing at 06, Denyer proferred, Norfolk preforred and Union b Blilc were wlso decidedly wenk: The foathse i forelgnera s tho £l T Bpoi, owli 10 the fullure of the new luternul loa hich has ted badiy upon the Parls bourse. pon which 1iGuidution has juss bogun. Moxican raliwe securitios and other securities largely de llt{~ entupon silver were woak. Tho Btock ex- Chinge will bo closed on Thursday. usineas Wil Brobably o sluggish ull the week. British Giralo Trade Heview, LoNpox, July 8.—The Mark Laue Expre A0 1ia Rookly Tviow of the BEItME & Fatb rade, says: It is Toared that the tropical heat will foduce’ premuture ripencss of the grain’ oF wither the plants. FIalf of the wheat crop and two-thirds of the barley crop bids falr to be very deficient. Oats are vory bad and & half Flold will be surprising. With the home crops aliort along the Iing, the market for wheat Iy sitively weak, The avorage price during une was 97s id por quarter. Austrinn, American red winter, Oalifornin and Russian were 6d lower. Indian was unsottied. COTTON MARRET REVIEW, Amount in sight at Prosent the ymaliest Since 1800, New OriAss, July 8.—The movement of the cotton crop as given in Secretary Hester's monthly New Orleans Cotton Exchange state. ment issued this morning shows that the amount of cotton brought into sight for June was the smallest for that month since 1800, The deficlency which at the close of May was 2,481,859 hajes compared with Iast year and 2,065,626 bnles compared with the year before has been Increased to 2,607,204 bales under the former and 2,083,143 balts under tho Jat- ter, The total nimber of bales brought into sight during the month of June was 52,085 Dales, against 107,977 bales i June 1592, ‘and 108,261 bales 1o dune <891, 1 decrease from Inst yeor of 25,342 bales, aud from the yonr before of 26,216 bales, The moverient from the first of September to the close of June fucludes total recelpts nt all United Statos delivery ports of 4,961,226 Dales, ngafnst 7,020,322 bales 1ast yoar 'and 6,844,605 bules tho year before; net ‘overland niovement by rallroads across the Mississippl, Ohlo and Potomac rivers, 881,709 bales, against 1,284,108 bales and 1,076,666 balesi southern mill takings, exclusive' of quantity consunied at sowthorn outports, 608,428 bales, against 587,879 hales and 528,831 bales; and Tuterior town stocks in excess of those held at the commencement of the season 9,848 bales, against 120,266 bules and 94,841 bules. These ninko the total amount of 'the cotton crop vrought Into sight during the ten months end- {0 June 806,461,801 bules against§468.696 Dales last yeur and 8,648,443 bules the year before. Northern spinners took during June. 55,549 bales, against 62002 balos Inst year and 48473 Dales'tho year bofore, Increasing their total for the teri months to 1,687,351 bules, against 2,185,974 bules last year and 2,005,805 bules the year before, This makes thelr average weekly takings for the scason 38,982 bule againit 60,334 bules Inst year and 45,186 bules the yeur before. Forclgn oxports for the ton months have been 4,157,202 bales, sShowing a deficit Trom last season of 1,638,217 bales and from the same period year Deforo last of 1,484, 857 bales, The loss on forelgn exports during June compared with June lust yoar has been 27,878 bules, but for the sume time your be- fore they have increased 4,596 bales. Stocks at the seaboard and twenty-nino 1eading southern interior markets at the close of June wero 601,678 bales agalnst 718,199 Dbales the same date last your and 401894 bales the year before. Including port and in- terfor stacks loft over from the provious sea- son and the number of bales of the current crop broueht into sight during the ten months, the supply has been 6,994,252 bale agains 46,071 bales lust year und 8,611 286 bales the year betore, Up to this ditte lnst year 80 62-100 per cent of the cotton crop hnd been marketed, and for the same ten months in 1891 the percentago of the crop brought into sight 98 74-100 per cent and for the same time in 1890 the per- centage manrketed was 98 17-100, Quict and steady; good middling, 7%e; mid- dling, 77-1 low middling, 7 3-16¢; good net and gross receipts, 871 to continent, 1,650 bales sales, 1,900 bales; stock, futures quict; sales, ' 12,600 August, §7.48¢7 Septem §7.65@7.0 November, §7.74657.75 bor, §7.97@7.9: January, $8.03@H.04; February, 88.12@85.14. July, #7 Omaha Produce Market. BurTeR—The market was firm, with the re- celpts moderate and the demand dctive, Fancy creamery prints, 21c; fancy creamerics, solfd packed, 19¢: fair to good creameries, solid packed, 16@i8c; choice to fancy country, 16@ 6c; falr to good country, 16¢; picking stock, fresh, 14c. E flic local demand for cggs is light and as o are not nany coming the market s steady and quiet. The great majority of the sales are reported at 114 Live PouLTRY—ASs usual on the first of the week tnere was very little doing and the market was not quotably changed. Spring chickens, per doz., ¥2.508.60; chickens, best hens, per b, 7@7lc; chickens, mixed ¢oops, per Ib., 6¢; old roosters, per 1b.,'4@5c; turkey: per lb., c 1b., 7@Se. PoTATOLS tis"firm and active. The recelpts aro not above the demand and the arrivals of desirablo stock arc mecting with quite ready sale. Some of the cars re- colved were s0ld as soon us they were un- jonded. A few old potatoes are to be found on the market, which are selling at_about half what they cost. Old potntoes, 0@G5C; new potatocs, por bbl., $2.75 @3.00; now potatoes, per bu,, 81, VEGETABLES—The harket Was about stendy with no special_feature of general interest. String beuys, 75G90C por -bu. box; wix beans, per_}-bu. box, $1.00@1.15; egg plant, 00@8.50; 'new onions, per lb., L@ 24c; cabbage, per doz, 50@75¢; cucum® Ders, per doz., 85@60c; tomatocs, per 4-basket crate. $1.26@1.60; cauliflower, per doz., $1.60. BERRIES—Tha receipts wero about as large asusunl on the first day of the week and the market was firm. Strawberries, Oregon, fancy, #4; blackberries, per 24-qt. case, #4; black raspberries, per 24-qt. case, 4. SMALL FRUITS—-There wis a good supply of California una Texus fruiton the market und the sules were quite lurge for a Monday. Apricots, per 4-basket crate, $1.50; plums, wild goose and Chickasaw, per 24-qt. crate, 82 #1,60401.66. ure larger and the as it wisa day or THOPICAL FRUI prEs—Florida, per ca cedlings, $3.0078.27 LEMONS ) Messinas, per BANANAS— D¢ bunch, swall to hides, 2¢; No. cen suited hide Mo, ; No. 1'dry flint %, bei No. 1 Part_cured hides cured. ke P . 7¢; No. y dry silted hides, 50, tic per b, less than fully ¥ salted, each 85 groen salted shearlings (shor skins), euch 106G dry shearlings oled eurly skins), No. 1, each 5@10¢ rlings (short wooled cirly skins) be; dry flint, Kansas und N ior wool pelts, per 1., netual weight, 10w 11c; dry flint Kadsas and Nebraska Murraln wool pelts, per Ib, actuul welght, 7@10¢; dry fling Colorado butcher wool pelts, per_ 1b actual welght, 9@10¢; dry flint Colorado Muj rain wool pelts, per 1., detuil Welght, 74 es and bucks, detual welght, 5@7c, 1, 4@ 0 A, reus se. ci, Ereasd, yollow, grease, durk, 8c; 0ld butter, & 2@2%c} beowwax, prime, 16Q25c; rough tillow, 34 . Boxes—Car lots weighed and_ delivered in Ohleugo: Dry buffalo, per ton, $16.00@18.00; dry country, bleached, per ton, 810.00218.00; dry country, damp and meaty, #5,00610.00, PRODUCE POINTENS, A Georgla paper savs: “The Georgla melo —the old-time_‘Rattlesninke’ of the duys wi the shipping of melons first began—uo longor cuts a figure in shipments to the north. Tty pluce has been usurped by the round, green fiSolb Gom,' which had ifs origin_on the furm £ gentleman who made such a stir 10 Al buma polities & your ago. Georglans do not eat them, but they are the delight of the ship: per, for the rind being so thick und the ‘meat’ 50 firm, they are currled thousands of miles without upparent injury, and s the shi Georgla furmer puts (¢, "Them Yankees don'v know tho difforence’ Of all the melons planted in Georgln this yoar, it will be safo to extimate that two-thirds of the entire acresge 1810 this variety, so unflt for consumption wid yet so desirablé for shipping.” A local house dealing in hides gives the fol- lowing instructions and informition for the Venefit of shippers: During wurm wenther it I8 necessury 10 haye green hides sulted promptly, o they will spoll, but hides ean bo shipped green fn'the winter'scason in a frozen state without salting. Tocure w hide properly itis first necessary to trim it by eutting oif what does not belong to the hide, such us horus, tall bones, and slnows, then spread. the hido on the floor and sprinkle salt cvenly und frecly over the fleshiside, 1o this way pile one hnde on the other, flosh sido wp, head on lead, tall on tall. Streteh out the flnnks and legs s us to glve tho hides o ehunce to drain. 1t will titke & woek OF more to cure hides' thoroughly. When hides hnve | or a week in salt, thiy will then do to tle and ship, afteg having ghivken off tho surplus salt. For u lurio heavy hide it will take about u pail of salt, und & logs quantity for smaller hides or calf skins, in pro- portion to slze, Green butcher hidesshrink in sulting from 1010 16 per cent, consequently Balted yr cured aro worth fron 116 3 cents more than green Liverpool Marke —WiEAr—Steady; d ers offer moderatel No. 2 red winter, 05 754d@bs 8a per cental. Cons—Firm; demund fulr; mixed western, 45 6d per contal. oMLl muess, westorn e, 485 94 per L. Lanp—Prime western, 475 64 per cwt. PEAs—Cauadian, bs 7440 per cental. Wool Market. Bostox, July 8.—There is no lmprovement in the demund for wool. Sales wre coufined to small lots us wanted by mauufacturers. Pricos remain the sawe as é week ago. torritory, Toxus, Uaiiforaln and" Oréion b been sefllng on © scoured busis of 42@460 tor fine and e wedium, and 40¢ for wedium. Pulled wools were dull and steady at B0@85¢ for good supers. Aus TAllan wool steady. For- elgn carpet wools are sc'lUng stendily at prev- fous prices. Favana Markets, HAVANA, July 8,—Sugar—Quiet. Exonasae-Steady. Eigin Butter Market. Eramy, June 20.~Burrer—Active; 1,800 Ibs. at 20¢. Finanolal Notos. “Pglw Onvueans, July 8.—Clearings, #1,066,- New York, July 8 balances, 86,055,804, PARts, July 8.—Three per cont rentos, 47%c for the account. PRILADELPHIA, July 8, —Olearings, $18,276,- 684; balances, $2,218,168. Money 6 per cent. Loxpox, July 8.—Amount of bullion goue into the Bank of England on balance today, £10,000. PHILADELPRIA, July 8.—The Commercial exchange was closed today and business gen- erally suspended. Menpris, July 8.—New York exchance, selling at #1.60 premium. Clearings, §221,580; balances, 846,705, CINCINNATI, July 8.—~Money, 6@8 per cent. New York cxchange, 60c discount to par. Cloarings, #2,955,19 BostoN, July 8.—Clearings, $18,110,110; balances,'$2,508,006, Money 7 8 10 per cent. Exchange on New York, 40¢ to 50c_discount. July 8—Cloarings, #5,868,000; 776,280, Money quiet’ at 6@s per change on New York, 60@76c dis- Clearings, #118,688,620; o7t count, 10AGO, Tuly 8.—[Special Telogram to Tre New York exchange was quotod as fol- today: Boston, 40c to b0c discount; St. , BOG to 7be discount. OMAHA LIVE STOCK MARKETS. Recelpts of All Kinds Light, Trade Fairly Active and Prices Higher. MoXDAY, July 8. The wock starts out with moderate receipts of all kinds of stock. There were but 77 cars of cattle recelved und of that number ten cars wore of Kansas Clty Texans billed direct to Hammond. Conditions were favorable to the selling interests. Limited offerings, a holiday Tuesday, light receipts expected Wednesday and stronger markets east all combined to make business lively and prices firmer. Spec- ulativo shippers were ready and willing to take a hand, but the dressed beef men wanted the cattle bud enough to overbid them, so thut about everything offered went to local slaughterers. Prices averagea 10c to 15¢ lliszher than Saturday on almost anything at alluseful, Good 1,200 to 1,450-1b. steers sold at from #4.70 to $4.85, with rough and. old- fashioned heavy grades ut from $4.80 to $4.50. Falr to cholce 1,000 to 1,160-1b. steers sold froui #4.26 up to $4.76. Thére wus not so much of the poor hinlf fat and grass stock here and trading was rather liveller than usaul of late and on the basis of substautially stronger pricos, sales being ot from $8.50 up to #4.10. twas a good, strong, active, healthy market throughout, and was over before the middle of the forenoon, The few cows here sold freely at good strong prices. Cholce stuff sold ns high as 84, and “there was nothing of any consequence went at under ¥1.76, Offerings were gene rather common nnd sold largely at from 32 to £2.60. Calvesat$4 to $4.75 were fully steady ia the > was true of bulls and stags st $1.75 to $3.50. Tho fecder’ trade, what there was of it, was lively but prices for desirable stock 10c to 25¢ better thin the first of last week. There was a very fair country demand and regular deal- ers bought frecly. Fair to very good_st left first hands at from €8.16 to $3.65. Repre- sentative sales, DRESSED BEEF. Pr. No. Av, 1000° 858 950 1067 1098 1083 1389 1172 1207 1088 1082 1000 1179 1208 BELBLEEEE TR n s ! ARRBARRRAEERS &&Eeaa33338a P TiCror o T T LT pepeperr 740 772 872 1100 813 1016 1120 . 860 ® (RO -ore-15 [ ecoaan 88582238 4 1 1 © PEEERBNN ARREMLRRAALS 8 HEL FERS. 00 L.,ue CALVES. . 550 . o 8 a g . 835 211 860 rs 3| Y 2o @S 4 00 BULLS. 175 225 BTAGS. 1090 1702 1,470. STOCKERS AND FEEDERS. 880, P No. WYOMING, 825 COLORADO 34 feeders 29 feeders...050 ..788 8 15 As is gene, £ oz was honly tw puckers took about hulf the of prices wis deeidedly rough mixed packers welghts. The popul 1023 of all welghts was 25 common grades at 8,45, Buying wa and by 9 o'clock practicaily every thing of first hands, The big bulk_of the hogs sold ut $5.45 and $5.50 agninsy 85 5.4 Saturday and $5.60 to #5.65 on lust dauy. Represcutative sale price for good with th netiv 8h, Pr. 5 50 50 50 50 50 50 50 B e P P PR EEEEECEELEEELE 60....289 SurEr—Thore were no fresh recelpts of sheep and the market wais quotably un ed. o good natives, #4,00064.75; Tair 10 good west- 18, 835004, common und stock sheep, £2,5008.60; 00d 10 choice 40 to 100-1b luwmbs, #4.26W6.75. Recelpts and Disposition of Stovk. Oficial racelpts and dispysition of stock ay shown by the books of the Unlon Stock Yurds company for the forty-eight hours ending at 6 o'clock p. m. July 8, 1893; RECELTS, ruifi Omaha Packing The G. H. Hammo Swift & Co A Cudaby "Gd | 2504 CnicaGo, July 8.—(Spoctal Tologram to Tug Bek.[-The cattle market was strong for all grades. It was higher for anything pos- sessing merit Tho supply was Swall for o Monday, and as there will be no opportunity Lomorrow 1o sceure stock, there wis an netive dewand both for locul wnd shipping accounts. Fair to best natives were gonerally 10c higher than st the closo of lust week, and oven the off grades could bo moved at slightly better prices. The increased firni- ness arose from the belief that the wrrivals for the next few days will be light. The sup: ply was mado up of about 7,000 natives and 6,000 Texans. 'The former'chunged hands pricipally at from &2 to 83,25 for cows und ulls and it from #4.85 to £6 for steers. Extra 1,600 to 1,700-1b steers wore quoted us high ss from $5.50 to §5.60, but none good enough to Drlug these figures’ was offe A fow scal old cows wero tuken by canners ut frow 1.5 §1.75. There was 1o demand for stockers d foeders. Veal calves were wanted at from 26 1o $5.76. There was an active market for Texas cuttle and but little variation in price was noted. At the opening of business this morning the hog market was no better than at the close of Saturday's trading, buyers taking boid 1o & glugerly way and prices ruling weak. Late l THE OMAHA DAILY BEE: TUESDAY, JULY 4, 1893, the forenoon there was an improvement both in the demand and prices. The supply fell short of the first, Sjmntes and, froer buying resulted in an navadco of from e 10 100, A the start #5.90.was-an outside quotation for heary welghts. “Toward the closo hogs of no better quality wero saluble at 8, The best assorted light sofd 0d highor than heavy hogs Qrst quality, '3:'.“ making at 86,05, To- ow bei~” A holiday packers did ‘not re- 1‘\|Ire the usual numi =7 but shippers took hold Iiberally, and th was 4 good clearance, novertheless, and the prospects for the re- mainder of the week are regarded as favor- able. 1 With a supoly {n the yards of more than 12,- (NKHmnd"mw"fxun[n’mr show for any fui- provement in prices for sheep, and _thero was none. Anything ungwering to the description of Rood was swiable as full prices, but poor Stock was not winted at former quotations. Fatnatives wero salable at from $4.75 to 8, and cholce Texuns were quoted at from #4.25 10 #4.40. From those figures there was trading ali along down to trom $1:60 10 $1.15 for s:alawags. The greater part of the offer. ings sold at from #3 to $4.50. Sales of gpting Inmbs wero on a basis of from 43,86 to 6,50, the outslde-quotation being for fanc: Recelpts: Cattle, 18,000 head; calves, 500 head; hogs, )00 head; sheep, 12,000 head. The Evening Journal reports: COATTLRE-Recolpts, 13,500 head; shipments, 8,600 head; markey, active, steady to trifle higher; top steers, 85,10@5.45; others, #4.65@ 4.00; ‘conrse and grassers, #8.7604.50; Texans, $2.7023.75; native cows, #8.008.80; cannors, $1.0002.75, Hous—Recelpts, 28,000 head: shipments, 000 head: market ‘active, 10@30¢ higher: ed, #5.80@5.85; prime heavy and butcher welghts, 85.90@6.00; lights, §6.00@6. 10, Snekp — Recelpts, 11,000 hend; shipments, 4,000 head; market active; good and useful, siightly higher, others steady; stockers, 82,28 @3.10; natives, $4.00@5.00;. Texans, £4.00@ 4.30; westerns,'#4.3024.90; {ambs, $3.5028.50. Kansas City Live Stock Market. KANSAS Ciry, July 8.—CATTLE—Recelpts, 6,600 head: shipments, 4,100 head; market was steady to 10¢ higher; Texas stecrs, $2.40@ um;unl{mm,u.nnén.zn- native cows, §1.40 @3.75; butchers, $1.40@4.80; stockers and .50@8.75; bulls and mixed, §1.66@ 2,000 head; _ehipments 4,000 head; market strong and 10c highe: bulk of sales, 85.40@5.60; heavy, 85.80@5.60; nckers, #6.306.60; mixed, 8,85@0,00; lighty 85:46@5.75; Yorkers, 5.65@5.70; pigs, 85.00 .65, HEEP—Receipts, 4,000 head; shipments, 1,000 head; market stendy. St. Louls Live Stock Market, Br. Lovis, July 8.—OATTLE—Recelpts, 2,200 hond, mostly common_and medium Texan grass Texan steers, $2.7038.2 Hoas—Receipts, 1,400 head; market opened lower, closed strong} top price, $6.76; bulk of sales, $6.65@5.75. Sneer— Rocolpts, 8,800 head; market steady, unchanged. feeders, 8.00, Hoas—Recelpts, —— A GRAVEYARD TOWN. That Was What the Drummer Thought of Boston as He Saw It. Many years ago, at least so the oldest inhabitant says, there was a hotel on Boylston strect ' just opposite the bury. ing ground on the Common, says the Boston Budget. Now late one evening there arvived in town a drummer with an intense aver- sion for burying grounds. But he had heard of this hotel and so he ordered the hackman to take him straight there. It was so dark that night that he had not noticed what was in front of the hotel: but when he woke up thenext morning he was so much annoyed by the sight of the graveyard slnrin(rv him in the face that he determined to leave the hotel. Ho took his grip, went down town and spent the whole day among the offices. When évening came he asked for a_good hotel and was told to go to the Parker house. He arrived theve about 8 o'clock at night and' went directly to the front room assigned to him on the fifth floor. ‘When he awoke™ in the morning, be- hold, there was ‘another graveyard staring him in the face. Again ho paid his bill, took his grin and went out to spend the day among the merchants. Again that ‘evening he asked for a good hotel. This time he brought up at the Tremont house and was planted in the front right-hand corner. Freed at last, he thought, from the oppressive neighborhood of skeletons and tomb- stones, he sank. to rest. But his slum- -bers were uneasy and about.6 o'clock he ot up and went to the window. There in front of him was the Park street bury- ing grouna. He was seen that morning about 10 o'clock heading for the rail vay station with a big bag in each hand. ‘When his friend asked him why he was going in such a hurry he ejaculated profanely: “I'm going to some place that isn't so unhealthy that they have to plant a graveyard in front of every hotel in the town.” _— A FREE BORN TEXAN, But He Had Considerable Respect for Cer- taln Federnl Judges. “Don’t know as I am so down on fed- eral judges,” said a tall, sunburned Tex to the St. Louis Republic r *T'vebeen sorter fullowin® J lead and thinkin’ they s nothin’ but pizen, till a day or so ago 1 was in Paris, Tex. You know they've got a federal court there that covers all outdoors; just runs the Indian country, everything from carryin’ in a pint of liquor to killing your man, all comes to Paris. Well, 1 was sittin’ there a sizin’ up the thing; they had sixty fellers out. for sentencin’, and was tryin’ a little chap for robbin’a postoffice. Ho was 'bout 9 years old, and got too wild for his old mammy up here in Missouri to handle, and she sent him to her son-in- law down in the Chcetaw country. The kid got tired staying there und con- cluded to pull out. The son-in-law was postmaster, and the kid, a-thinkin’' it was all in the family, took 40 cents’ worth of stamps outen the drawer, as he said, to buy grub with on the road. “Well, the kid told his Hml‘f\ und the jury they saysiguilty. The judge—Daye Bryant's his name—he sorter sits thinkin’ a while and then he says: ‘Charley’ (Charley Beachman's the kid's name), ‘I tried to get Mr. Hanney to not !u'uueuulu you and get the grand” jury to et you out, but I couldn’t do it, and the jury they couldn't do anything but what they've done; [ don't know that I've got any right to do anything but sen- tence you, but I am not goin'to send vou, nor any other 9-year-ld boy, to associato with criminals, for 40 cents' worth of stamps. I'm goin’ to send you home to your mother,” and then he gave that kid a talkin’ to that orter to hold him straight till's he 21, and o I'm kinder changin’ my mind about federal judges— though,” he added, “‘of course, Dave Bryant's a free hora Texan, s ‘Currens. Ohservations, Kate Field's 9Washington: The man who is liked by all women is not often loved by, any of them. Never ask a woman for anything. Either take it or wait till she offers it. A certain skill inany fine art isalmost always harmfulbtoa man's essential vo- cation, 181 Ona of the secrets of successful flirta- tion is never doing anything you are ex- pected to. , L In literature originalities petrify into formulie, as in politics revolutionists be- come despots, Experience is a thorough but she cannot turn the pupil the beginning of the book. Nobody loves you 80 much as he loves himself; but, then, nobody hates you so much as he loves himself. “All the stories have been told,” you say. Love, envy, crime and remorse were worn out tales after Eden, then. Most of us are of no importance. The ver{ distinetion of some few proves the individual insignificance of the mass. Think of the good or evil which might have been done us by the people whom, through mere chanve, we have never known! teacher, back to DI\ AND SILVER RUPEES Financs in the Land of the Mahatma and Its Peoulinrities, EFFECT OF THE LATE ACTION EXPLAINED Tistory of the Depreciation of the Coln and the Efforts of the Government to Ralse Its Value—~Good for Ameri- can Wheat. CHICAGO, July 8.—Reov. Thomas Cra- ven, who for nearly twenty years has had charge of the Methodist “Episcopal Publishing house at Lucknow, India, perhaps the largest mission publishing house in the world, employing 150 hands, and running six printing machines by steam, is in the city taking in the World's fair. Mr. Craven was inter- viewed yesterday on the subject of the silver question, us viewed from the In- dian standpoint. “For some years the question of silver has been of absorbing interest to the government of India,” he said. ‘‘As a proof of the greav irterest the people there have in this question, it may be stated that Remer,“n his telegraphic commuhications from America, has given and is giving special prominence to the action of your congress and the opinions of your prominent public men on this point. Even such import- ant matters as the election of Cleveland might reasonably have been expected to have been ig- nored in the telegraphic dispatches to India. These dispatches did not even let us know whether Cleveland was elected or not. But, on the other hand, every little motion or resolution and every interview with well known public men”on the silver question was at once telegraphed to us. This showed the kecnness with which we were observing the action of this country on the silver question. ‘‘Meetings have been held in all the different sections of Indiato petition the government to take some action whereby the depreciation of the rupee might be remedied. To one of the |argest and most_influential delega- tions presenting these petitions,-which ever waited on the governor general, the reply was made that the govern- ment served its action until it should be seen what would be recom- mended by the monetary conference at Brussels. The reply also gave the mise that in the event of nothing being done by the conference, independ- ent action would be taken by the Indian government. This occurred during the past winter, consequently the present action of the Indian government, which has created such absorbing interest throughout the country, was not alto- gether unexpected. “It may be fairly taken for granted that the government of India, assisted by England, will do ali it possibly can to give its old value to the Indian rupee. The depreciation of the rupee to the ex tent it has suffered during the last is fraught with peril on every hand.” ““What is the actual price of the rupe in American money—its nominal value? “Its nominal value up to twenty-two years ugo, the par value of the rupee, was 48 cents. The rupee is the standard of the people’s money in India as the dol- lar is in America. There are 10 rupees to one pound sterling. At the time I left India $100 in American currency wgs worth 340 rupees in Indian currency. ccording to the latest advices from India Inotice $100 now would only be worth 305 rupees,” “Does this stopping of free silver rupee coinage mean a cessation of the coining indefinitely?” “I would not be able to say that. The action taken leaves the matter optional with the government. The point is that the government insists upon the rupees having a value of 1 shilling and 4 pence —thaf is to say, three rupecs shall equal $1 in value in round numbers at the present, and greater value they will give to it if they can.” “You have no idea as to when the rnment will resume the coinage of er?” ‘No, sir. I understand that the government’s action is tentative--only experimental. The fixed policy of the government is to bring the value of the rupee up. They will do all they can, and whatever they can, to bring up the value of the rupec and keep it up. That icy is fixed. Whatever policy they adopt, if this policy fails, will have this the raising of the value of the rupe **What do you think.will be the effect of this silver policy upon the value of American eat?”’ My opinion as to the action of the Indian government in regard to its cur- rency upon the exportation of wheat as bearing upon its effect on this country is that it will be favorable. It has been well known for a number of years that England and the continent of Europe has looked to three sources of supply for its cereals—for wheat especially— namely, Russia, India and America, especially the two latter. The depre- ciation of the rupee in India has favored a large exportation of wheat when the harvest has permitted it. At the present juncture the harvest is a very large one, it being reported that in northern India there will be some 100,000 tons more wheat available than there was last year. Had the rupee not been interfered with and kept at the point of depreciation at which it stood a month ago the exportation of wheat from India would have been abnormally large, und consequently the demand for American would have been so much less, The interference with the coinage of the rupee by the late action of the In- dian government means tho greater value of the rupee and the raising of the price of wheat for export purposes, and the action of the Indiun government will thus largely benefit the Amwmerican wheat market.” ——— CAUGHT IN A CALM, For Three Months & Ship Lald In Mld- ocean Without & Breeze. PHILADELPHIA, July 3.—Held for nearly four months it an equatorial dol- : drum, or dead sea calm, unfil its provi- sions were exhausted and its crew on the verge of starvation, was the terrible ex- perience of the American ship 1d- ward O'Brien, which bad long ago been given up for lost. The ship is owned partly in this y, and the news of its safety has just ched its owner. The ship left Vie- toria, B. C., last December, and made a fine run down the Pacific coast and around the Horn, but when near the equator it was caught in one of the dreaded calms that prevail in that lati- tude. For three months it remained within a distance of half a mile from where it first struck the calm, and dur- ing that time there was not wind enough to fill even the lightest of her sails. Finally a wind came along and carried the ship to safety. But the provisions were exhausted, and the arrival of the O'Brien saved the crew from a terrible death, Trial of the Coquitiam Case. VICTORIA, B, C., July 8.—Advices by steamer from Alaska say that the case of the British supply steamer Coquitiam 1t was dubbed blue Monday By old Mrs. Grundy A long time ago. No wonder that under This serious blunder The working was slow. But Mondays have brightened ; ‘Work lightened—clothes whitened, Since housekeepers know, Without further telling, ‘What Fairbanl: is selling— See sample below. Manufactrers & lohers iecoy AWNINGS AND TENTS. HARDWARE. Omaha Tent-Awning | Wolf Bros & Co., COMPANY. HORSE COVERS. 1115 Farnam Street. Manu‘acturers of Ten Awnings, otc, 7035 and 706 %, 16Lh Stroot, BAGS & TWINES | Bemis Omaha Bag | COMPANY. \ Importers Aud manufao- turers of flour sacks, buriap, 8 twine. Morse-Coe Shoz Company. \d Ofce—1107-1100- 1111 Noward St dgtalrboy Il‘v;lnvy —1119-1 1123 Howard 8t. We are tho ONLY Manufasturers of Boots and 25 Gf Nobrasws. B rhral, sigation 1s 0X183434 o al to taspoct Kirkendall, Jones & | Amer, Hand-Scwed SHOR CO.. boots, shoos COMPANY. Wholesale g 0 Tt ier Mo Cor TUZ | and rubbor goods, 18- 1510 Harnoy Btreat | cORNIOE. _ Eagle Corniee Works Mfrs.galvanizod tron cor- Riudow capy. tie; COAL, COKE. {mana Coal, Coke LIME CO., hard and soft ‘ooal, 8. . cor. 16th and Douizins Streot. DEY GOODS. i E. Smith& Co. | Kilpatrick-och Dry GOODS CO. Dry goods, notons, fur- | Notions, gents' furnish- rishing goods, corner 0g £o0ds, cor. 11th and 1ith and tioward Ste. larney Stre FURNITURE. Omaha Upholstering| Bebee & Runyan COMPANY. Upholstered furniture, | FURNITURE COMPANY and 13th Sty and 1310 Dodge Street. i1U-1104 Nicholus st Wholesslo only. Rector gxp\\'\llhclmy Lobeck & Linn, Dealers 1n hardwaro and Corner 10th and Jackson | mochanica tools. Stroets. 1404 Douglas Stroo! ——————ee ey HATS, ETC. IRON WORKS, WAL, Gibhon & o Omaba Suleand Iron WORKS. \ Tiats. caps, siraw goodw, | Eafasvauits, Jall woo glooves, mittens. L:t) tron aliiitters and fr and Hurney Stroots. ANOs. Gus. Andros: wid Jackson — | Join A Wakefield Importad, Arssrloan land_ comont. Ml keo coment aind Qu white lime. LIQUORS. Frick & Herbeit, ‘Wholesale liquor dealers 1001 Farnam St. PAPER. ] Carpenter Paper Co Carry » full stock printingl wrapplag Writlng - papers, papers, etc. olls, uxle groase. eto. —_—— PRODUCE COMMISSICN, Branch & Co. [Jas. A. Clark & Co. Buttor, ehe Produce, frults of all Ppoultry and | kinds, oysters. 517 5. 13th —_— - STOVE REPAIRS | BSASH, DOORS Omaha Stove Repair | i, A. Disbrow & Co WORKS. ~Stove repalrs . and water attachments s y kind of stovo Branch ofe 1207 Dougins st. | fice 12tk and lraré Standard 01l Co. | Refined and lubricating curd F e — came up for trial and argument in the United States district court last week, Senator Allen representing the defense. All the evidence available was taken including that taken here on commi sion. The resuit was that judgment was reserved. hut from the remarks of the presiding judge it is as good as assured that the decision will sustain the legality of the seizure and the con- demning of the vessel, in which case an appeal the supreme court of the United s will be taken at once. KAISER WIL M SPEECH. It Is Ready to Be Delivered to tho Reloh- stag Tomorrow. BERLIN, July 3.—The kaisor had another conference with Chancellor von Caprivi and ierr von Boettecher yester- day, at which the manuscript of the h with which his majesty will open the Reichstag tomorrow was considered and, it is said, in part rewritten. The throne speech will reflect the gov- ernment’s views in the matter of the military bill and commercial treaties in such a manner as to forestall all mis- understandings. It will also contain the kaiser’s views on a second dissolution of the Reichstag, which may oceur in the event of the majority for” the govern- ment being undecided. The document will be one of the most important deliv- ered in the last ten years, and from its tone it may bo inferred conelusively that there will be war or peace between the kaiser and his people. _An investigation is being had at Pots- dam to find ous which of the royal ser- vants and beneficiares in that distriet have voted for socialists. All found guilty of this “crime” will be discharged from the kaiser's services, The number of lackeys, grooms, coachmen, personal gavdners, everseers and other men em- ployed in the Ncus palais and at the other royal castles is about 500 In all these villages the socialist vote given was a: tonishingly large, and as the polities of the villagers are pretty well known, it can only be assumed that the royal sery- ants helped the reds along in enthusias- tic fashion. The kaiser is almost ready to believe that the fact of most of them being army men has something to do with this. "It is said thousands of sol- diers are imbued with socialistic no- tions. —_— WASTUO CONFIDING. How the Cashier of # San Franclsco Bank Becameo a Defaulter, SAN FRANCISCO, July 3.—James W. Flood, cashier of Donohue. & Kelly's bank, who is under conviction for the embezzlement of $165,000 of the bank's funds, has broken silence for the firs time since the discovery of the deficit and cleared apparently the mystery which surrounded the disappearance of the money. Flood says the deficit oc- curred in overdrafts, $30,000 being paid to James Cogan,s once well known stoek broker here, und $35,000 to Andrew Fox, son-in-law of Senator Stewart. Cogan was & large operator, and such was the confidence of the officers of Donohue & Kelly’'s bank that he ob- tained extensive credit. The stock market went strongly against Cogan and his overdraft at the bank reached a very large sum. Flood pressed Cogan for puyment. Tho latter was ready in promises to protect himself, and Flood gave him further credit, thinking opera- tions would be brought to a successful issue and the overdraft properly covered. One night about four years ago Cogan died, having committed suicide, as many SOUTH OMAHA. Union Stock Yards Companj, South O©maha, Best Cattle Ho and Sheep markot —_— ey COMMISSION HOUALS. Wood Brotnars, Live Stock Co: £0"1th Umi mission Marchunty —Telephono 1157, Chicars JOMN D. DADISMAY, A WALTER B Wogh, | Msnusers Markot reports by mail and wire cheerfully urnished upon apulication. Railroad accidents have happened because swrong. It had eith- er stopped altogether or stopped for awhile and then gone on again, If it had been 1 Dueber-Hampden watch it would have beenjeweled in the cen. ter and would not have stopped. i now which watch fs most used on A 50 Raflromd ? If %0, write for Circuiar A QUOStIOn of Secouds,” Fu s Dukses WATCIE WORKS, Canton, O. Would you | thought, and he owed the bank $130,000. Plood alone knew how much the bank had lost, Fox's operations were exactly similar, though separate from Cogan’s, and he managed to get $35,000 from Flood. IMlood, realizing he had been deceived by both Fox and Cogan, managed to cover up the deficit for threo years by a system of false entries and false drafts, In the mecntime the cashier had reduced the deficit over $20,000 from his own resources. A motion for a new trial is now pending and Flood is in juil, bail being denied, It is not kno where Fox is, as he has been absent from San Francisco several years. Provi Will. PHILADELPHIA, July The late A. J. Drexel’s will, drawn ten years ago,but with numerous codici i will not be read until one weck aftor his funeral. “The estate will amount to over#0,000,000, The will divects a reorganization of all three partnerships in the great banking firms on the lst day of January succeed- ing Mr. Drexel’s death, and establishes the amount of interest the estate is to hold in them thereafter. Both the Drexel institute and the Childs-Drexel home for union printers are remembered and a good deal of money is given ¢ right to charities, The Philadelphia house of Drexel & Co. will continue on much the same lines as before. J Pierrepont Morgan will take M Drexel's place as absolute head of the firm, . e L a for the North Pole. NEW YORK, July 3.—The lines of the Falcon, the little vessel which is to carry Lieutenant Peary and his party to the Arctic regions, were cast off last night and amid the hluwiuf of whistles and the applause of the little crowd of vis- itors on the pier the ship glided into the river. Bhe will touch at Boston and ive the people there & ehance to inspect hor. Then she will go to Portland, Me., » Lioutenant Peary's home, whero shé " will bo boarded by the lieutenant fov bis wife.