Omaha Daily Bee Newspaper, August 6, 1893, Page 15

r N CONDITION OF OMAHA'S TRADE. Farmers Just Commencing to Foel the Ef- feots of Hard Times, COLLECTIONS NOT SO GOOD AS THEY WERE Umahn Jobbers Genorally Report Trade as Quiet but Predict an Active Fusiness Later in the Season—The Crop Prospects Good. So much is being written regarding the financial and business conditions of the country that it Is nocessary that the situ- ation should change with kaleidoscopic rapidity or there is danger of the subject bo- soming threadbare from such constant use. At the great financial centers where there Is an active board of trade and where there aro vast speculative iuterests the con- ditions are constantly shifting and every hour brings forth some new feature. In the Interior cities like Omaha the situation does not change o rapidly, but business gradually grows better or worse according as the eircumstances are moro or less favorable. For that reason there is not much in the wuy of news to offer bearing on the local stuation. Trade is in very much the same ondition as was outlined a week ago and business men do mnot appear to have waterially changed their views. They are still keeping close to the shore ana waiting for the financial storm to blow pver before venturing very far from land. Goods of all kinds are being purchased in very modorato volume and the trade par- takes largely of the hand-to-mouth charac- ter already noted. Some heavy jobbers profess to see an im- rovement in the condition of business, as it I nearing tho time when the whole country expects to seo easicr times and when mer- chants of all classes will be willing to as- sume obligations that they now refuse. Bome country merchants are commencing to talk about wanting goods in a hurry a little Iater if business picks up as it is expected it will in the fall. Jusy at present there are symptoms of a better tendency in the financial situation at the money centers, which is somewhat reas- suring nud has its influence on local business men, The indications may not be very dis- tinct, but they are strong enough to give as- surance that the general situation is not be- coming any worse. . Dry Goods Trade. Local jobbors of dry goods aro talking a little more encouragingly than they were a week ago und avpear 10 have moro confl- dence in the futuro of the trade than they did. During the past month business has been very quiet with them, but they realize that people cannot always do without goods in their line and that there must be an act- ive demand as soon as confidence is in some meunsure restored. Prices have been forced down to the lowest nowch by the hight de- mand and the number of mills thai have closed up hus limited production to an extent that a very little demand would make serious inroads upon current stocks. Hence an advancing market is antici- pated as soon as the fall business ‘commences, The trade all over the country promises to be late this season, but_as the Wool Reporter remarks that cannot be taken as an unfavorable indication—rather the re- verse. Jobbers realize that retailers in urging or forcing the seasons have not pur- sued a policy which commends itself to con- servative mercantile judgment, and while trade has in the past few seasons put in an appearance early in July and taken goods enough for one season at once, it was a pol- icy that entailed greater risk on all, manufacturer, jobber ana rotailer. Prade has been steadily getting further away from the period of final distribution for consumption, and the result I8 an accumulation of evils, a wider depar- ture from correct business principles. ‘There is wmple time for the “retatler to make his necessary purchases even should he not show himself until September, and it will be better for all if he divides his pur- chases, depending upon his ability to dupli- oate according to his nctual needs, and in this way scatters his obligations through the seuson instoad of, as in the recent past, creating an obligation which matured before he had an opportunity to place the goods upon his shelves. Jobbers are not disturbed at all over the delay; they realize that bu ness is to be done, and that while its volume is not to be appreciably diminished ivis to be done on more conservative mothods. The Grocery Trade. Local jobbers of groceries report no appro- olable change in the condition of trade since a week ago. Business is holding up to about thesame point as has distinguished the trade of lute and there are no new features of im- rtance. Collections are not getting any otter, but on the contrary there are reports from some quarters to the effect that the country trade is not meeting obligations with as much promptuess as a month ugo. The Hurdware Trade. Jobbers report that they have noted a Qisposition toward a little improvement in the hardware trade, but the improvement has not been large. The orders coming to hund are mostly small and indicate that the trade is buying only for immediste needs. Collections sre fair, but not up to last year's record, ‘The farmers have had the firsu real taste of hurd times during the past week. Thus far the prices on farm products that are de- pended upon to any great extent in this state have been relatively higher than many other products, Wheat has been very low for som.e time, but the amount of wheat that is raised in this stute does not cut much of a figure. It was not until the slump in the hog market that Nebraska farmers could be said to have felt the full effects of the de- pression. AS DUN SEEs IT, If Hoarded Money Were Returned to Cir- culution Al Would Be Well. Mr. W. IL Roberson, manuger of the Omahu office of R. G. Dun & Cp., reviewing trade says: “In spite o Chicago, of some St. Paul heavy fatalities and elsewhere thero is & distinctively botter feel- jng in trade circles. The im- prossion is gaimng ground that the worst period for the country at large was passed last week and that the future will sce n gradual roturn of normal conditions until confidence begins to assert itself, and then thore will bo a sharp reaction in commercial matters. “Omaha's condition is not by any means hopeless. In fact, this vity and’ Minneapolis thus far stand out as the safest of the galaxy of midcontinont stars. If we moet with no misfortune in the last two-thirds of August September 1ought to see Omaha Dudof danger, serens and even aggressive, “Locally trade is not g The millions which frightenea depositors have hidden hore and there are wuch needed in busines Were they returned to the bunks and availa. blo for circulstion, we would see a very promptand completerecovery herein Omaha. fivery ttollar ought 1o g0 bk, 10o. Our bauks have stood u five Lest, such as fow cities have expericnced iu the last three mouths. They have certaicly proved their right to public confidence. aud the public should get nto 1ine again with gooa business sense by putting their surplus cash where it belougs ~in the bauks. *1do not agree with Chauncey M. Depow 1o his statemont that this 15 & poor mau's panic. In fact. Tam of the opinion that the Toverse is true. The poor meu have with- Arawn their savings largely, 1t is true, buy the withdrawal did not begin until after the heavy capitalists bad shown more thau usual trepidation and had coolly predicted nnfia, which the swallor capitalists and working people could not foreses aud refusod to auticipate. ““These arel times that add wrinkles and Fray nairs to business men and cause fuan- *lal executives 1o pass slecploss nights. The MWerage customer of @ bank does not ap- prociate the tremendous responsibil- Ly “carvled by oficers of banks in poriods of business prostration. Your fetuller or jobber looks ot the bauk sud the trade tnm‘?h his own spectacies, sud they ure colored by conditions strictly focal to himself. He forgets that the cashier #x preaident must desl with verhaps & thou- sand cusiowers, euch equally importunsie and each equally cortaln that his own is an_exceptional caso, deserving special and favorable consideration. No wonder the smile which was so gouisl and attract- ivo on the face of tha young cashier bacomes hard, glassy and eynfeal on that of the old prosident, ~ A bank ofticial is only havpy in these times s he is able for abrief time to throw overboard the worry and care which disturh him all through the business hours of the day and far into the night. It is ab- surd that there are no Omaha bankors off on junketing trips just now. “Local retail collections aro bad. Good houses, after cutting expenses to the mini- mum, aro unabie to sell goods enough to meet current expenditures. One well known smail dealer has reduced his pay roll from $171 per weok to #0, and re- fuses to buy anything for future delivery. He is not an oxception to the rule. As a con- sequence many people are unemployed, and they are curiailing expenses overywhere Unemployed men and women do not pay past due bills, and hence the retailers are being pressed to moot obligations. The con- dition is anomalous. A banker tells me he sont a draft to a lawyer's ofice the other day. On the office door was a placard: ‘Out of sight for fifteen days sure,and probably until times got botter. Have suspended.’ His laconis notice illustratos the situation fairly well. Men willing to pay thoir aebts cannot obtain the wherewithal and the weary col- lector threatens to commit suicide.” COUNTRY PRODUCE AND FRUITS. Trade During the Past Week Rather Dull and Featureless. There has been very little activity in the market on country produce during the nast week, Inmost lines both receipts and de- mand have been light ana the volume of business smaller than usual. This is due in a large part to the conditions prevailing in eastern markets, which are depended upon 1o take the surplus stock from this market. The butter trade has been sick and butter men have received littl3 encourngemens to push the business. The New York market, which has been a good buyer of butter from the west, no longer wants iy, or does not have the money to pay for it, and the ship- ping demand is very hght. Prices on pack- ing stock are lower here than they were a week ago, but the decline has not boen heavy considering the condivion of the ship- ping trade. Butter has been unusually high all the summer up to a week ago, Owing largely to the extensive export trade, which kept eastern markets cleaned up and created agood shipping demand. With the decline in the foreign demand It was to be expected that there would boa dropping off in the price, and the situation has been aggravated by the money stringency. ‘The egg mar has been weak and dull. The receipts have not been large, but the local demand is light, as wellas the shipping demand, and there is no snap to the trade, A great many poor eggs are coming to mar- ket and are slow sale at any price. Buyers appear to thmnk that firsts are poor enough and they do not want the seconds, Chickens are not quite as plenty as they were at one time, but there is no scarcity. Choice old fowls for a week or more have not been at all plenty and have commanded good strong prices, ~About Thursday of each week there is a good demand for chickens from the butchers and the market usually stiffens up. After this demand is filled and there are no buyers but the dressers, the market naturally eases up. It would seem as if shippers would be advancing their own interests by arranging their shipments so that they would arrive on the market at the time of the week when there 1s the best demand. Fruit men have been doing a fair business during the past week. The greatestactivity has been in California rruits, which have constitutgd the bulk of the receipts. Thus far the Pacific coast has been giving tho country cheaper fruits than usual, and thero is every prospect that they will continue along tho same line the balance of the sea- son. The closeness of the money market is preventing the canners from operating to the usual extent, which 1s forcing the growers to put a larger proportion of vhe fruit on the market green, with the natural result of keeping prices down. In addition to that fact there is a large crop of peaches in the east and south, which cuts off a large amount of business from California and limits the demand for their fruit by just so much. In spite of the dull times it requires soveral cars of California fruit each week to supply the demand at this point. Produce Pointers. Goorgin's melon crop 1s_reported to have brought to the farmers of that state about £250,000 this year. The railroads of the state have also taken $100,000 out of the crop. Now that lemons are so high, our Califor- nia and Florids friends have a chance to show us what their lemons are, remarks Branch's. If they only get the science of curing down to approximate perfection we will not be obliged to depend upon imported fruit. They are shipping now, and we trust each year wiil improve their methods. Advices from Los Angeles say that the present indications are that the coming orange crop will be light to what it has been in former years, but the growers are confi- dently expecting good prices. Some trees are loaded with fruit, while others have scarcely any fruit atall. But very little of the green fruit dropped from tho trees. Oyster men are congratulating themselves upon the near approuch of the month with an “R" in it, and aro already trymg to.whet the appetite of consum . The public would like to know if the oyster war of last season is to be remewed in Omaha, and if oysters will be sold as low here as at the castern points of production. If the cam- paign of low prices is renewed this season the appetite for oysters will not be long in materializing. 1t may not be well to mention it so loud as to reach the ears of vhose California ship- pers, says Branch’s, but between oursclves we can say that Omaha has had very low prices on California peaches, pears and plums so far tnis season—way below tho Windy City by the lake. Recent quotations from Chicago show that they have been get- ting 25 to 50 cents more per box than we of the “Gate City. ‘When we consider that the freight and refrigerator companies secure 42 conts per box in car lots on every box of peaches transported—good, bad or in- different—we tremble for the effect on the ipper. But then, California, Delaware, orgws and other southern states seom to be made of peaches this year, and with no money for large canning operations the quantity used o8 green fruit must of neces. sity be much larger and prices lower than any previous season. But peaches and cream will prove a very acceptable dish, even if we have It three times a day these hard times. ‘T'he retail grocers complain a good deal about the peddiers who buy up the rem- nauts of the fruit marker and distribute them over the city. If it were not for the peddlers it would be hardly possible for wholesale fruit houses to do busiuess, as the losses from fruit spoiling would be so great, Now when fruit is becoming too ripe and is iua condition that will not admit of its be- ing held any great length of timo the ped- dlers will take it nm‘rpulh its sale and by hureying it into consumption save it from becoming a total loss. If the grocers would #0 10 the trouble to clean up the market there would be no use for tho peddlers. A grocer could just as well take u barrel of apples in which there were some specked apples and sort them up and sell the good ones, but he will not bother with them. “I'he peddler is the man who has to do that work, and he is therefore a necessity and the market could not well dispeuse with him. The banana trane in this country is fast becoming one of the most {mportant in the wholo category of siugle lines of business, say the Minneapalis Bulletin, Improvement in the methods of handling the fruit after it arrives in this country is going on from year to year, and the latest thing proposed by eastern receivers 1s t scli the frult at auc- tion herdafter. The auction bas proved iis eficiency in bringing the receiving of fruits by large lots to a partial paying business. It pays to sell other fruits by auction, and it uuuuernll{ believed that the bauana is no excoption in this respect. Theye are con- sumed in this country each year about 13, | 000,000 bunches, and the average cost to receiver is about 50 cents per bunch. ocean freight is about 20 cents per bun it is clearly seen that the interests large that any scheme intended to help the immediate sale of the fruit should be enter- ‘The receivers who ave in favor of w method allege that the scheme will place ull buyers n equal footing, that a Tair market price is always creal as & re- sult of the legitimate operation of the law of uuprly and demand, and then it places the fruit lnulhl lh.urb.ul. Im“l‘ll:l' time, ‘A:ld w:l sequently in the best possible condition, in the raadt of the consutier: THE OMAHA DAILY BEE CONMERCIAL AND FINANCIAL It Was as Quiet as a Sanday School on 'Obange Yesterday. WHEAT OPENED HIGHER AND ADVANCED For the First Time In Several Days There Was No Appurent Concerted Support to Provisions—Stooks and Bond CiicAao, Aug. 5.—It was as quiet as a Sunday school on 'change today. Wheat advanced le, nevortheless. The opening was from 1¢c to 1{c higher than yesterday’s closing and with some fluctuations advanced from 3{c to Jge, then neld steady and tne closing was at the opening figures. The New York bank statement caused some lit- tlo-reaction, the market selling offt early to the inside figures, but there was not much wheat for sale. Tho exports of wheat and flour from both coasts were about 1.260,000 bu. larger than the preceding week and 1,650,000 bu. larger than the correspond- ing week a year ago. Export clearances of wheat and flour from the seaboard were also larger that last week, and the receipts at primary markets showed but little increase. It is estimated that the visiblo supply state- ment will show a small increase againstan increase of 2,080,000 bu. for vhe corresponding week a year ago. In corn, initial trades were at from !{c to s¢endvanco and the price sold up ie, react- ing 9¢c, changed somo, ruled steady and at the close had losta fraction, The decline near the close was due to reports of rain in some parts of Nebraska and extondiug east- ward. Business was very light. I'he feature in oats was the light offerings which made it easy for traders to advance prices from 1{e.to 3¢, but the close was from igo to i{c from the top. August and cash wero unchanged at . premium for the ash, one lot of 50,000 bu. changing hands. “or the first time in several days thero was no apparent concerted support to pro- visions, Some long stuff dribbling out upon the market caused marked weakness for a time. Compared with last night, however the close on pork is unchanged and lard a ribs only 10¢ off respectively. Treights were, due to light offerings for vessol room, at 115¢ for wheat and 1c for corn to Buffalo and #{c for wheat and 3¢ for corn to Kingston, Estimated receipts for Monda: Wheat, cars ; corn, 340 curs; oats, 24 8; hogs, 18.000 head. The leading futures ranged as follows ! High, Cash quotations were as follow: Frovr—Nowinal. 3 2 spring, 60c; No. 8 spring, £. 0. 2 red, 60C. No. 3, 35¢; No. Ty PORK—Moss, per 100 Ibs., & (loose), ~ #7.20@7. (boxed), $7.00@7. $7.024@7.57%5. SKY=DIstillors' finished goods, por gal., SudAns—Cut_loat, 6ic; standard “A," 5.70. The following were the receipts and ship- ments for todu; AT granulatod, 5.82; 18, |SHIPAENTS. 7.419 61:399 59 1701270 18738 \ange today butter 15430 dniry, 15@ tricily tresh, 18%@14c. New York Markets. Now Yomk, Aug. 5—FLOUR—Receipts, 1 000 pkgs.: exports, 4,800 bbls., 33,000 snck sales, 4,000 pkgs,; market dull, easy, neg- locted; winter whoat low grades 31, winter wheut, Tair to fancy, 32.4503.85; eat patents, #340@4.00; Minnesout, 5 $2.560023.00; Minnesota, sll‘lfl%{hlm #3.30@4.00; Minnesota. patents, #4.00@4 Conn_ MEAl—Quibt, stend #2.6062.70. Rye—Dull, nominal; wes ey M 1l; ‘western, 65@90c. WHEAT—Kecelpts, 378,000 bu.: 6xports, 74,- 000 bu. Sules, 520,000 bu. of fatures and 160;- 000 bu. of spot. Spot ma i % 2 rod, In store, 676 i 10D, 6 was quiet; creamery, 18c. Eggs, quiot vur, ellow western, northern opo advanced %@%c with tho west, firmor cables and large clearances for the week, with shorts covering, fell % ing, rallied 350140 and elosed stendy nt %@ over yesterduy. ' Trading dull. Sles ineluded No. 2 red, August, 67%@684ce, closing at B855c; Septomber, 69%@70%¢, closing at 69%c: October, closing at 724c; Docember, loxIng #t 764, RN~ [Receipts, 78,000 bu.; exports, 3,000 bu.; sales, 115,000 pu. futures, none spot, Kpot firnier, dull; 4 afloat; ungraded mixed, 47%@A%¢. Opt dull and oponed at foll e with wheat and. the wes, stondy: August, 48@4H%e, closing 3 Septeimbor, 483@48%¢, closing . at Octoher, 454@49¢, closing at 482 Receipts, 24,000 bu.; exports, 3,000 bu.; sules, 185,000 bu. futures,43,000 bu, spot. Spots dul, firm; options fi qulet; August, 815@824,¢, closing at 82ke; Septomber, sing at 81%c; Octobe @ ci spot’ prices, icago, 86¢; N 4oimixed western, 3@ABYe; white state, 874 HAy-—Stendy t; shipping, good to choled b ~Qulet, firm; state ast. 19@22c ™ wet sulted Now Orleans so- lected, 45@00° 1bs., 4@oc; Texns selocto Q@60 Vs, 41:@6bsc; " Buenos Ayres dry, 21@24 1bs., 1165 Toxas dry, 21@27 (b, 8@9) PioviSioNs—Quf theats, dull and firn; pickled bolliex, 12 Ibs., #11; pieklod shoulders, $6.75; pickled hums, $11,000611.60; miiddies, nominal. Lard, stendy, quiot; western stonin closin t 35,20 bid;'sules, 1,000 tierces at #8.15 8.17%4; options. sales nooe; Septomber closed a1 #3410 bid; October, 83.05 nominal. Qulot, steady; new mess, $15; ~Qulet, sieady; wester wosLern croamery, 1 6k, closing at 87i4c; Ni common to ¢ dairy, 20¢; western orn tresh, B0@2.75. (32 por pkg.), More steady, active; crude, clty teady; erude, I bacrals ctudo, in bulk, ' #2 85 vk, #6.10; ' Philadelphia and Philadelphis and Baltimore, 65; United, 60 tralued, common to Dull, weak; 20K@26xc. fairly active (lxk n'.’lf:. fair to i Jupan, 45@4 Orlens, open kettle, good dull, ste u‘y i fufr refining, 8%¢; tost, Bhc: retived, guiet, " BR@h 9-16 tandard, confections ‘A, b 1-16a Boasd 18-16¢ ushed, Lhw ;. ored, b 11-16425 graoulated, 045c; cubes, b 7-16@.0 % wox--Steady, dull; Auierican, $12.750 PER—Steady; lake, $9.85, 3.80, 416.35; plates, dull, domestic, §3.90, RPENTINE il MOLASSES to cholee, 3088 BUGAR 3 5 13:16: 6 8-104 Yo 50, Liverpool Markets, POOL, Aug. 6.~ PrOVIsSioNs—Pork— western firm, 953 per bl Long cloar, 45-1bs,, 678.; b western, 40s. New York Dry Goods Market, New Youk, Aug 5.—There scemed to be ratber more loguily for dry §oods it 8ccord Wico with the. DeLter feollag “which has been SUNDAY, UGUS manifested during the weel, There in no de- moralization of values A% KOO A8 ARy business starta Indicative ot s fair trade, prices will_andoubtedly eeomo firm. As yot there 1s nothing worthy 6f¥letailed report. Omnha Proddee [Marker, Burrenr—Fancy creaniéplps, solld packed, 19¢; falr to good creameries, solid packed, 16@15¢; cholee to fancy country, 14@15¢) fair to good country, 19@i8c; packing stock, fresh, 11c. Fags—There are a gréat many poor eggs coming to market - and the proportion of seconds Is large. Dealers find It very slow work trying to of tholr sec- onds, which are a drfi§” on the market even'at vory low pricos. Do bulk of tho sales of good oges are belng m Live PouLtrY—The bt 104@ 110, colpts - of spring chickens are not quito so large as they were & fow days ago, but there Is.n great plonty to supply the deniand. 014 fowls are not plonty andchoico old soll_quite roadily. Other Kkinds of poultry, as goese, ducks, ete., are out of season and are not wantod. Choico old hen s, 7@8c; old roosters, 4@oc; spring chick- ens, 0@l le, POTATORS ~Thera Ata 10 ptatods ty spaa k of being shipped ofther In or out of the city at the prosent time. The local growers are sup- lying tho demand and thero wre tow potatoes Pelng handied by commission houses. Cholce st (M‘: on orders, SO@O5C. MELONS—Watermelons are not very plonty and pricos are accordingly firm. - Cantafoupes are coming in more fréely nnd the market Is Tower than it was a short thne ago. Thore is auite diferonce n the quality of cantaloupes wnd accordingly n wide range In prices. Watermelons, per 100, 825; cantaloupes, por crate, $3. CABBAGE—The bustness in shipping cabbage to the country AppeaTs to bo about over. Qcensional ordors aro rocelved and flled at 20, JELEILY. Stray ahipsionts are arriving and the quality of the stock is pronounced good for this Senson of the year. Celery, per doz. bunches, 80m3bc. ONIONS—Homo grown stock Isplenty at ¥ per Ib. on orders from the country. TOMATORS - Tho market is still fall of tomatoes and prices are low. Large recelpts icpated for tho noxt fow days. South- orn, per 4-baskot crate, 75@00c. BERRIES—-Only a fow blackberrios are bolng brought in by loeal growors and tho berry sea- son nppoears 1o be about at an end. There are somo biuohorrios arriving Dt no great quan- tity. Blackborrios, por 94-qt. caso, 83; bluo- borries, por, 31, ArprEs—No apples to ‘amount to anythin are being shipped (n, but the supply of hom grown stock |y liberal, Oholew Duche hbl, $3.00663.25; common varleties, #: Calitornia tpples, por 50-1b, box, CALIFORNIA FRUITS—A8 already noted, this markot 15 well supplied with California frults and prices are low as compared with other murkots, Early Orawford peaches, per box, £1.25@1.85; Bartlott pears, per box, $2.008 2.35: plums, per box, $1.70652.00; nectarines, per box, $2.00; grapes, ¥ TROPICAL ¥RUITS, OrANGES—There aro only a fow oranges ar- riving. Riverside Mediterranean swoots, #3.75, LEMONS—Tho steady Warin ~woather pro: duces n very fair demand for lomons and all houses are doing o good stoady business in theni. Messinas, oxtra fancy, 86.00@6.50; ico to fancy, $5.0085.50. uain about Stoady. Per @ 75; per bunch, small to , TALLOW, 10, . 1 green hides, 23c 0.1 green_ s alted hides, 2 HiDE No. 2 green hides, 2¢ ted hidos, No. 3 groen No. 1 groen saltod Rides, 25 1bs. t0 40 {bs.." 8¢; No. 2green salted liidos, 25 1bs. to 40 I8k, No. 1 veal calf, 15 1D c; No.2 veal £, 8 Ibs. to 15 1 dry fiinthides, 6c; No. 2 dry flint No. 1 dry_ saltod hides, 5c.” Part 1. loss than fully curod, ireen saltod, oach 85c@31.25; arlings (short woolod edrly 190200, dey lings (short rly skins), 5210c; dr, shearlings (short Woolo! y skin), No. 3, each be; dry flint, Kansas” and Noebraska butchor wool polts, per [, uctual woight, 102 11c; dry fiint Kansas and' Nobraskn murrain wool pelts, per Ib., actual wolzht, 7@10c: dry flint_Colorado butchor; Wgol polts, por 1b actval welght, 9@10c; dfy fiint Colorado m rain wool polth, per 1 autual woiiht, 705 dry piecos and hucks, actual welght, 6@ 7c. TALLOW AND GrREASE—Tallow, No. 1, 815 tallow, No. 2. 8c; groease, whito A, 3i4e; gronse, white B, -8¢: gromse, yellow, 23(c; grense,' dark, 2401 gld buttor, @2Hei eqo swax, prime, 1630¢ rougt tallow, 34 w3c. hidos, 4c st Starkots. 8. Lours, Aug. 5.—Fioun—Steadler, un- chunged. . WhEAT—Advanced on greater confidence In financial situation, closing with gains of ¥c. September, 59%e: 'Decembor, 6744c. ¥ Adyanced on drouth new 2 mitxed, oash and August, Tizhef: No. 2 cash! 28¢; August, 24c; September, 2475 « Y E— FLAX SER BRAN—Firmer; 55¢ bi HAY—Firm, unchanged Burren—Unchanged; separator croamery, 18@20¢; choleo duiry, 17@18c, Ecas—Highor, 0@10¢. LEAD$2.9713} nominal. SPELTEI—¥ ked. Cony Meal—Unchunged: 81.05 3012 L ux'lmu?od. D xes Unchanged, PROVINIONS—Quict. Pork (new), ourrent make, $13.25. Lurd, $8.75. Dry shlt moats, long " shoulders, 86.75; long~ and sid #3.7514; shorts, 35.00; boxed, 1oc more. Bacon packed shouldors),' $5.00; ' longs and ribs, 757 Caborts, #0.1214@0.25. Huns - (sugar cured), 13@14c RecEPrs—Flour, 24,000 sacks; whoat, 82,- 000 bu.; corn, 97,000 bu.; oats, 41,000 bu.; rye and burley, none. SHIPMENTS—Flour, 4,000 sacks; whoeat, 56,- 000 bu.: corn, 110,000 bu.; oats. 8,000 bu'; rye and barley, none Kansas City sackets. 1Ty, Aug. 5.~ WiEAT—1c highert It 2 rod, 524 @b4c. % ally unchan, 2 white, 80@80%¢; No. 2 mixed 2014@30c, OAT: lower and In less deman 0. 2 yhite, nomnally, 27@25¢; No. 2 mixed, 208 27c, , Burrin—Wek; creaiery, 16819¢; dairy, 16 @18e. 3s—Quiet but steady; candled, e, RECEIPTS—Wheat, bu.; oats, none, SiPMENTS - Wheat, bu.; oats, none. KANSAS strictly fresh 12,200 bu.; 8,300 bu.; corn, 8,700 corn, 7,850 Cotton Market. S1. Louts, Aug. 5.—1 16c lower, quiet. dling, 7 1-2¢c; sales, 200 bales Dales; shipments, 1,200 bules; stoc bales. NEW ORLEANS, Aug. 5.—Dul 7 16-16c; middiing 7 7-16¢ 7 8-16¢; good ordinary 6% bales, including one of Mid- 500 ; 800 middling low widdling c; net recolpts 400 oW Crop; gross 600 es; oxports to the continent 1,000 bales; coustwise 1,000 bales; sales 100 bales; stock 4,219 bales. Milwaukeo Murket. MILWAUKEE, Aug O.—WHEAT—Firm; No. 2 spring, 62@68¢; September, Goe. K irm; No, 8, 35 OATs—Firs BAwgy—Un nowinal, Lye—40c. “Bbe; sample, NEW YORK, Aug. 5—Options closed firm, opencd quie plember 5 polnts up, others 510 10 points down, unc points upi sile Including: September, $16.20 #15,16; Docomber, $15.000 Y pu. Hpot ko, dull, nominal; 1 No. 7, $16,00@1 COINCINSATI, Aug. 5.~ “filAT‘Bl,ronl; No. 2 red, bbe, ik Conrn—Stronger; No. 2 mixed, 42i4c. Oazs—stendy; No. 2 mixed, 4oc. WHIBKY--Stéud; [ ol Minneapolls WHERT Market. MiNNEAPOLIS, Aug. 5.—Astive; August, 85¢; Septemiber, 55! e, 66%¢. g (& Ou track: No. 61@62c; No. 'L northern, 57@57%c; vorthern, H4@H6 v Balthmore Gram’ keot, BALTIMORE, Aug. b.—TWREAT—Steady; 2 red, Allg(ufl, be, 113\/ Recoipts, 1 hard, No. CoRN—Flrmor; August: 1 s_’uun—l-'ulrly uctive; tf white western, . 01 Mavkets, 011 017y, Aug. 5.-No market. hiTTssuko, Aug. gu—um.mal&:‘.nfl’z oo cates opened ul sud, €035 08! 6137 lowest, 60K salos, Sy L, oy STOUKS ANDBONDS, Securities Opened Easier Yesterday Be- o hursdny's Face Was Too Hot. New Youk, Aug. 5.—Tho stock market opened easier, first, pecause the pace yester- day was too hov to last, .and, secondly, be- cause the room traders figured that the Walker failure ougbt to have an adverse effect. Again traders were all looking for & bad bank statement which they thought would create.a more bearish feeling. Con- sequently they hammerod away at prices and succeeded in forcing Sugar down 23 per cent Lo 7234 ; Lake Shore, 15{ per cent to 11 Chicago Gas, 3¢ per cent to 51; Louisville & Nashvitle, i per cent to 553¢, and the general list anywhere from 3 to 13§ per cent. London, however, bought moderately, ana when the traders found that thewr hammer- ing tactics failed to bring out loug stock in important amounts they made strenuou: L G 1893-SIXTEEN PAGES. forta to cover, and many of shem turned around to the bull side. The scaroity of stocks, when & demand of fair proportions sot in, was again demonstratod New Yorx Central, Lackawanna and TLoumsville & Nashville commanded ¢ per ocent premium; Burlington, 1-16 to 1 per cent; Sugar, i-16 per cent; Northwestern, 116 'per_cont, and Western Union 1-82 per cent. When it fairly dawned upon the traders that they had miscalculated the ef- foct of the Chicago failures there wasa rush to change positions on the market. Under the influence of purchases made prices bounded up 1 to 4% per ocent. Sugar led the market with sales up to 7y, Chieago Gas, Eiectric, Louisville & Nashville, Burlington & Quiney, Atchison, Missouri Pacitie, Northern Pacific proferred and Western Unjon all sold at the highest int of the week. The feeling was buoyant or & time. The bank statement which was phenomenal in many respects checked the upward movement and prices receded i4 to ¢ per cent, the latter in American Sugar, ut at the close the whole list was firm again, The bank statement reflected the enormous shipments of currency to the in- terior and the hoarding which is going on. Last woek loans were contractod §2,281,400 and deposits decreased 9,231,000, The Post says: Opinions will differ widely as to the sentence imposed yesterday by the Stock exchunge on the leader of the bear party—a sentence, all things consid- ered, unparalleled in its severity. It will at once occur to most observers that the pe alty inflioted, like many oriminal sentences of judges and juries, was measured rather to the known but legally unproved offenses than to the actually proved misdeeds. This, it 1s true, establishes some very delicate standards of Stock exchange administration. It is virtually a new precedent. The mem- ber thus suspended for n year from the privileges of the board was, however, by no means punished because he was an active bear speculator. Every one knows that speculators for the fall are at times an in- valuable safeguard to market conservatism. But the speculator who sells stocks because of dangerous conditions holds a different place from the speculator who creates the danger inorder that he may safely sell, and it is aggravated offenses of this character on which the Stock exchange has set its seal of exemplary condemuation. The following are the closing on the leading stocks on the exchange today : Atchiwon. . Adams EXpross. Alton, Terre Huute, do prefd 1 American Exp Baltimore & Ol Canada Pacifi Can Centr: Che Chicago & Alton.. . B.&Q uotations ow York Orogon Tnp. {Oregon N 10.8. L. & UK. Pacific Mall. Peorla Dec. & B Plttabury Pullman 1 | Reading Richmon do pre Rio Grande West. . do pref'd. ... Rock Il Del. & Hudson. Del. Lack. & West. 1 D. & R. G, pfd.. Dis. & C. Fdrs, Co. East Tenn. a8l 16 North'n C.&E. L prefd.. Hocking Valley Tilindis Central. . St. Paul & Duluth Kan. & Texas pr's Lead Trust. Loulsville & Louisville &N. A.. Western Unlon Wheeling & L. Manhattan Cor 5 Memphis & chiigan ¢ The total sales of stocks today were 121,700 shares, including: Atchison, 4,400; Burling- ton, 4,700; Chicugo Gas, 14,7007 General Elec tric, 3,000: Loulsville and Nashville, 3,700 Northwestorn, 4,200; Rock Island, 3,700; St Paul, 13,300;' 8 Union Pucific, 8,400; Western New York Money Market, NEW YORK, Aug. 5.—~MONEY ON CALL—Nom- inally 8 per cent. PRIME MERCANTILE PAPER—-S8@12 per cent. STERLING EXCRANGE—Dull, with _actual business in bankers' bills at $4.79%@4.80) for duy bills and $4.831@4.84 for demand. SILVER CERTIFICATES— Wero neglected. o Soveanusnr. Boxns—Firm. ~Siate ull, The closing quotations on bonds. " bonds Union bs. . 3.0, Int. Cert Ists. 2ds| N W. Conwols . W. Deb. ow...... 1S. L. &I M. Gen.6s Moston Stock Quotations. BOSTON, Aug. 5.—Call loans. 8310 per cen time loans, 6 per cent. Closing quotations stocks, bonds and mining shares: Atch,, Ton. & 8. F. Vost End prof American Suga Elvctrie do pref'd ; Bay State G: Bell Tel Boston & Boston & Maine. do pref'd... i, Bur. & Q. T 87 filg Wis, Ce 188 | Atchison Alchizen Wik, Central 185, Allouez Mintig Co Atlantie. .. Hoston & Moni Butte & Howton i Calumot & H ntennial, anklin. 0844 Oregon Short Line. Rubber San 1 Unlon Pa West End.. New ¥ork Mining Quotations. NEW YORK, Aug. 6.—The following aro the mining quotations: Grown Point Con, Cal. and Deadwood Gould & Curry . Hale & Norcross. Homestake, 3 Mexic Ontario. Ophir. 70 100 100 30 50 750 20 050 55 San Francisoo Mining Quotatio SAN FRRANCISCO, Aug. B.—The officlal closing uotations for mining stocks toduy were s TMExTcan - Helelier. Ophir Hest & Telohgr Chollar.. ... Uniou Con y Utah Hale & Noreross Yellow § NEw ORLEANS, Aug. 5.=Cloarings, 892,809, PARIS, Aug. 6.—Three per cent rentes, 98¢ 924 for the account. IKANSAS CiTY, Aug. 6.—Clearings, 3818,161; total tor the week 59, Baurivone, Aug. S-Olearings, 82820217 balances, $855,106. Money, 6 per cent. Menpiis, Aug. 5.—Clearings, $111,807; hal- ances, $26,000. New York exchange, 3150 premium, New Yok, Aug. 6 880,780, 796; balances, #4,460,188; for the wook, clear- ings, 8550,086,119; balances, $25,857,085, PutiApELrILe MUK 5 $5,705,- T04; bulances, $1,240,33: per cent. For the week énded today the clourings wero #63,590,417, and balances $9,608,143. BOSTON. 812,496,042, alnuces, 81, 7 3-10@8 por . Exchange on Noew York, $3.00@5.00 pre- per 81,000, For the week, clearing: 842,808,492 8,275,707, Onieaao, A Olenrings, #10,650,068; for the week 750 for the g week last you 7 nge, $1.50° dis @ learings, ancos, 81,600,40: cent count. Muone; Exchange on New S —— Awerloan Pearls. There is hardly & state in the union where pearls are notor have not been found, and one of the finest in the world was taken from the Passaic river at Pat- erson, N. J. This gem, valued at 81,500, was worn in the erown of empress Ku- fisnh. Several Wisconsin pearls have en valued at 81,000 each. OMAHA LIVE STOCK MARKETS Last Week's Violent Fluotuations Sesm to Have Reached an End. TRADING 1S ON A STEADIER BASIS NOW Cattle Have Nenrly Recovered the Daoline, While Hogs Sell Up to 84.90-Condi- tions of the Trade Considered— Yesterday's Trading. SATURDAY, Aug. B Fluctuations fn both cattle and hog values were violent during the early and middle part of the week, but the markets have rather firmed up the past day or two and will prob- ably be all the bettor for the shaking up they have had. Receipts, compared with last week and & yoar ago, are as follows: telo. Hogs, Sheep, Recoipts this week..... 12,045 12,013 = 2,589 Rocoipts lnst weok. BAG8 27405 1544 Samo wook last yoar... 7,650 10,388 2,248 Heavy receipts during the early vart of the week made a dull, weak cattle market, but the culmination was on Wednesday, when aftor buying a fow of the best cattle at prices 250 to H0c lower than Tuesday, buyers simply quit, leaving two-thirds of the cattle 1n the pens without o bid. Since then the market has been on the mend and during the past three days 25c to 350 of this decline has been ro- gn{ned. The cow market has been rather weak and featureless, the fluctuations being mostly small and in sympathy with fat cattie values. Continued free country buying has hold foeder values fairly steady, but offer- ings have exceeded the'demand’ somowhat and prices are probably 10¢ to 150 lower than a week ago. The woek closes with a moderate run of cattle and a good, strong, active market for any thing the slaughterers could use. Not- withstanding the coutinued favorable tone to eastern advices, speculative shippers hela discreotly aloof. The dressed beef men, however, all needed supplies and as tho offerings of suitablo beeves were somewhat limited trade was lively ana ruled 10¢ to 150 higher than Friday and 25¢ to 85c higher than Wednesday, tha low day of the weok, There wero no strictly choice cattle on sale, but fair to very good 1,050 to 1,250-1b. steers sold at from $3.60 to #.10. Common and inforior stock of all kinds was slow sals und buyers did not appear to be partial to westerns and prices ruled very uusatisfactory, although about the same as on F'ri Fair western beeves sold at around $2.70 and $.90. The feeling on all sides was more healthy than for several days and a_fair _and rousonably carly clearance was effected. Considering the general quality of the cows offored the market was quotably strong. All local houses wanted some, and the movement was quite free. Common and calving grades sold at from T to $1.65 and fair to good butchers’ stock largely at $1.75 10 $2.25, There was no p: ular change in the market for veals. The inquiry was fair aud prices ruled about ady, fair to good stock selling around nd $1. Good fat bulls and stags were in fair request and steady, selling as high as 2,50 and 3, but common stuff was very slow and aull, selung down around §l and 3125, Stockers and feeders were not particularly active sellers today as the regular dealers were about the only buyers. For some rea- son or other there was not the usual good country demand. Yard traders all needed supplies and tho fow here sold at slightly firmer prices. There was a good firm tone to the trade and every prospect of an_enlarged demand next week. Good to choice feeders are quotable at £2.70@83.00; fair to good at £2.50(2.70, and common stuff at $2.00@?2.50. Representative sales : DIRESSED DEEF. Pr. No. #8360 05 880 08 cows. 75 1ia6ME 125 1 150 160 166 165 HEIVERS. 120 6.. 1380 CALVES, 150 20... 275 BULLS, 1325 STAGS. 2 50 3......1810 STOCKERS AND FEEDERS. 486 658 517 657 714 1192 545 920 718 Av. ..1056 1041 Av. ..1238 1196 Pr. 83 90 410 840 L 960 11070 1080 1083 910 879 947 909 908 176 180 190 2 00 210 225 850 589 175 185 105 285 No. 24 cows.. WYONING. 110 2 06 2 00 2 40 270 2 90 6 290 2 90 200 2 90 2 90 65 cows. 1 cow 5 steci 24 cows steors | teers teers . 41 steers 44 steers 16 steers 42 steers 57 cow, 1 feede; 7 feedo! 1 bull, b cows. 8 feoders. 67 calve: 125 05 25 45 90 90 90 90 90 90 00 00 00 15 40 2 60 00 8 foeders 15 feoders1C 40 stoers.. 1168 35 stoers. 1245 B4 stoers.. 1187 61 utoers. 1217 40 stoers..1215 48 steors.. 1201 1 teedor.. 730 1 feedor.. 550 2 bulls.. 1885 1 cow. 2 steors.. 1205 COLORADO. 2 85 1 bull. 180 13 cows... 580 1 20 1 cow... 160 15 cows.. 939 150 82 feoders, 678 200 73 feeders 521 2 00 91stockers 491 200 1 stag....1820 110 Hoas—The hog market this week has been very unstable—'‘driven of the winds and tossed.” Receipts have been comparatively light, the weck’s supply being only about 12,500 head or 15,000 less than last week and 4,000 less than for the correspond- ing week last year. The most sensationsl feature* of the market wus the collapse of the “corner” in vrovis- ions Tuesday and the failure of several large operators and packers, which was followed on Wednesday by the heaviest drop in hog values in the history of the trade. Prices went off (ull{ 41 at all western mar- kets, and hogs sold lower than at any time during the past fifteen months, The Cincinnatl Price Current tukes a rosy view of the general situation and summarizes as follows: The arketing of hogs has been enlargod the past week, although not quite equaling the number for the corresponding time last year. ‘Total handled by western packers, 200,000, com- pared with 160,000 the preceding week and 210,000 last year. From larch 1 the total is 4,250,000, against 5,205,000 a year ago. Decrease for the week 10,000, and for the season 1,015,000, compared with last year. The current offerings aro generally of good quality, and running heavier in weight than last year. The cul- mination of the manipulation of hog product at Chicago, ocourring on Tuesday. has tem- porarily disturbed trade operations, but the market seems likely to become fairly well settled promptly, and in view of tho declive to & reasonable basis, with removal of the artificial conditions, sur- rounding the position, there is likely to be an enlarged shipping business, and revival of spoculative interest of theordinary nature in the leading articles of product. A nota- ble feature iu the changes this week is quite a remurkable decline in hogs—which ve- flects the wmpurul;‘y paralysis of the market and the influence of the mone- tury stringency. The average of western oen- ters at the close is about §1.85 per 100 1bs. lower than a week ago, and considerably be- low the existing position of product. It will not be unreasonable to look for a recov- ery of a portion of this decline. The export clesrances of product for the week were quite liberal, more so0 than heretofore this season with few exceptions, the aggre- 105 calves. L 910 125 79 calvi gate being in excess of the corresponding | week last year. Since Weduesday the advance bas been by m.{ Jumps and the close of the week flnds i)r ces within 10c to 15¢ of last week's close. 1 may take the market sowe time to settle down after the big shaking up it has re- ceived, but the opinion seeins mydunur-u; 0 obtaiu that the market will be all Whe bet- ter from now oun. The run today was rather heavier than & woek 8go, bub not at all what would be oalled heavy. All classes of dealers wore in need of hows, and as eastorn markets wore higher thero was a further advanoe of fully 100 hers, (ood to ohoice light and bvteher woight hogs sold at from $4.85 up to 8, while hoavy and mixed grades went mostly AL #4850 and $4.85, and a8 high as $4.90 for cholce stock. The early markot was active, but after urgent orders had been fllod the close was weak and a shade easior. The big bulk of the trading was at from $4.50 to $4.00, against § Friday and #4905 to & Iast Saturday. Representative sa No. 8h. Pr. 200 84 85 80 4 85 120 4 85 85 85 85 85 P LT FONTRIIIIC TN - §333832588582¢ PIO8 AND ROUGH. — 800 Suerr—1teceipts consisted of a couple of double-dacks of fair grass westerns. They averagod 98 1bs. and went to a local killer at #2.80. The demand is indifferent, oxcept for good fat muttons and lambs, and weak. Common and stock shoop can hardly be sold at all. Fair to good native £3.00@4.00; fair to good westerns, $2.75(@4.75; common and stock sheep, $1.60@2.75; 0od 1o ohoice 40 to 100-1. lambs, §3.60@4.75. Representa- tive sa.es: 0. Av. No. Pr. 408 westorn mixod .08 280 Roceipts and Dispositiun of Stook. Offfclal recolpts and disposition of stock shown by the hooks of the Union Stock Yards pany for tho twenty-four hours ending at So'clock p. m. August b, 1893: OINEN & M8 Head. iR DISPOSITION. TUY RS, [ 205 260 611 1,018/ 144 11 K In SIght. Recelpts of live stock at tho four principal westorn markots Suturduy, August b: Cattle. 1,693 1,200 1,700 600 South Omaha. Chicago... Kansas Uity St. Louls. . Total hutcher stog rs, $2.10@8.10; ecoipts, 3 shipments, 1,400 lght aud medium grades” were b 160 : stoady 1o strong: bulk of salos, hoavies, 4.6624.90: packers, $4.75 ‘mixed, $4.700 light, #4.7500.26; . i plgs, $5.0005. eipts, 400 head; shipme head; market steady. St. Louls Live Stock Market. S1. Louts, Aug. b.—CATTLE-Recelpts, 600 shipients, 700 head; market steady at yosterany's 4‘unlr\l.luu.\; Texus steers, $3.18; lu}) for cow: 1,85, 10Gs—Receipts, 800 head; shipments, 600 head; market opened stronz, 10c higher than Eriday, closod cusior; top price, 85 Si 4.85@05.20. uBER — Recolpts, nono; dhipmonts, | head; maurket firm, unchunged. i e ) Grandest, largest stz:eopticon views ever shown, Courtland beach tonight. DANIEL WEBSTER. His Struggles for an KEducation—The Sickly Child aud the Kobust Man. The childhood of Danicl Webster did not show the man. He was o crying baby and a pule, weak, sickly boy, the slimmest child in the family; but at man- hood he had a large, stately frame, a massive head and an iron constitution. The change had been effectod by work- ing on his father's farm, indulging in outdoor sports and living o frugal, tew- perate lifo. S0 robust and large was his body and 50 impressive was his walk that the coal- heavers of London paused in their work to stare at liim as he passed them, says the Youth's Companion. Sydney Smith likened him to a “steam engine in trousers,” adding he is *'a liv- ing lie, because no man on carth could bo as great as he looked.” Carlyle called hin *‘a parlimentary Herculos,” whom *one would incline at sight to back against the world.” >orhups the greatest physical com- pliment he ever received was that paid 10 his mountain of a head. When Thor- waldsen, the Danish sculptor, saw Web- ster's bust in Powers’ studio in Rome he aimed: “Oh, & design for Jupiter, [ bulls o 1oas head ts, 200 With difficulty he was made to believe that it was the head of yn American. Webster's carly life contradicts the popular notion thut man is the creature of circumstances, He, on the contrary, made circumstances his croatures. One of his friends, writing aftor his death, said: “His school time was much inter- rupted, and from his own lips | learned ~that Webster's struggle for an aducation was continued from his childhood to his 30th year. Every step in advance was contdsted by obstacles which he mot with a lion heart, and with a lion's cour- age overthrew. “*His books were fow at this time. There were a copy of Watts' Hymns, a cheap pamphlet copy of Pope’s *Essay on Man’ and the bible, from which he first learned to resd, together with an oc- casional almunac. He used to ssy that at the age of 14 he could recite the whole of the ‘kssay on Man." **He entered Dartmouth college in 1797, but was desperately poor.. A friond sent arecipe while at college for greusing his boots. He wrote back and thanke him very politely, ‘But’ ne added, ‘my boots need other ‘doctoring, for they not only admit water, but even pess aud gravel stones.” " Jodgs Waxem Detroit Free Press: Finunshal pan- nicks don't reduse the price uv votes very much. Congressmen seems to thiok they owe more to ther constituents than they do to ther country A run on s bunk is like slingin’ mud at & candidate. When they say money is easy it ain't no sine you can git it ef you ain't got the collatterle, A candidate with a war reekord ain't what he used 1o be. The averidge pattriut don’t hov to be | koaxed into offis. An Amerikin dollar ought to be as good a8 the Amerikin flag. It's narrerin’ the shape down when & man that fit fer glory will tell a lie'to git 84 8 month penshun. OThe Amerikin eagle don't ware petty: 00Les ner pauts. T iy World's fulr views Courtland boach.@