Omaha Daily Bee Newspaper, August 13, 1893, Page 15

a % "W the lower CONDITION OF OMAHA'S TRADE | ‘Bank Olearings 8how a Decided Decrease as Oompared with Last Year. COLLECTIONS NOT SO GOOD AS THEY WERE ooal Business Conditions Do Not Show Much Change Since n Week Ago—Jobbers Waitlng for Improvement Belore Attempiing to Push Business. The condition of the local jobbing trade eannot be said to have changed much either for the better or worse since a week Ago. The great majority of the jobbers appear to bo content to let things drift along until thera is some show of & permanent improve- ment in the finances of the country before attompting to push busincss vory hard, As & result there is a decided falling off in the volume of business as compared with a year ago. The decreaso in the volume of business at Omaha has been no heavier than over the country at large. On the contrary, there are reasons for believing that the depression in business has been felt less hero than at many other points in the country. Trade is dull, but there has been no financial flurry here to demoralize the business interests and as noted above merchants of all classes are letting things drift along until the general conditions governing the business of the country is improved. £ Collections are not as good ns they were a week or two ago and jobbers report that some of the best retail houses in the country aré writing in and complaining about the difficulty of making collections and asking for an extension of time. The local retail dealers are also complaining more about col- lections and they are undoubtedly feeling the effects of the discharge of a good many of their customers, who suddenly find them- selves out of work and without money to pay their store accounts promptly, Under the existing conditions the jobbers do not feel like oncouraging the retail trade to buy liberally,but on the contrary they are keeping down the size of tho orders in many cases to the most pressing requirements of the merchant. Out in the country wherever there isa f(’l"ll stand of corn the situation is encourag- ng, but in the extreme western portion of the stato they have had too much dry and hot weather to make a large crop possible. In sections where a short crop is threatened extreme caution is exercised in all business matters, Cou Jobbors, commis ry Checks. ion men and others having business relations reaching out into the coun- try are receiving quite a good many com- plaints as to the action of the Omaha banks 1n imposing a charge on all checks on interior towns and the consequent refusal of Omaha business houses to receive such checks in payment of accounts. Some country mer- chants have taken the matter so seriously to heart as to threaten to ive their business to some other city where their checks would Lo received at par. A good many of those complaining appear to think that this action isa roffection on their personal credit or honesty, but in this they are entirely mistaken. In the first place the practice of sending personal chocks all over the country m payment of bills is pernicious and is not based on good business principles. In making remittances it is far botter to use a draft, money order, express orderor postal note. The use of personal or firm checks ties up a groat deal of money, from which neither the banks nor any ono else can get any benefit. For example if a check is sent to Omaha from Kearney on Monday it would be put in the bank by the house receiving it on Tuesday. The house depositing it would be able to draw against it 8t once, bt the Omuha bank would have to return the check to the Kearney bank and would not receive the money for it before Thursday at the earliest. In this way the banks in the past have had a good many hundred thousand dollars tied up all the time. While times were flush the banks could stand it, but now the banks all over the country need every dollar that be- longs to them and they cannot afford to tie money up in the form of country checks. Omaha business men say that country ‘merchants should look at the matter as one of the necessities of hard tungs and not as a ersonal reflection on their financial stand- ug. Omaha is not alone in this matter, but all the leading cities in the west have been forced to do the same thing. Some country merchants appear to think that the Omaha jobber should receive their checks and pay the bank’'s charge for col- lecting themselves. If such merchants will stop 1o figure they will soon see that such a thing would be a heavy tax evenon the firms who sell large bills, In the case of firms whose business 1s of such a character that they are constantly recelving a great many small femittances it would be impossible for them to pay for the collection of checks and continue in bus! ness. Take for example the fruit men and oyster dealers who sell in small amounts shipping to the same house every day or every other day during the season and re- ceiving remittances the same way. Bank Clearings. During the past week Omaha's bank clear- ings have fallen off 30.5 per cent as compared with the corresponding week of last year. ‘This is a heavy decrease and shows beyond question that the shrinkage in the volume of business 18 not imaginary, but an un- ant reality. Large as the decroase is ared with the shrinkage At many other western cities, which would &0 to prove that Omaha has really felt the depression in business in o lesser degree than many of its commercial rivals, Kansas City has o decrease of 550 per cent; Minucapohs, 4 St. Paul, 50.8; Den- ver, T4.5; St, Joseph, 80.5; Sioux City, 6, All these cities, which have been consid- ered among the wost prosperous in the west and northwest and which are most fre- quently compa~ed with Omuha, show larger ocreases in cloarings than this eity. AS DUN SERS IT, Clouds Still Dark, but & Glint of the Rain- bow Seen In the Yeur's Sotting Sunlight, R.G. Dun & Co's Omaha manager ex- prossos the following views of the local trade situation: “Omaha traveling men are not running up big expense accounts at present. Save in two or three staplo lines they are nearly all enjoying a vacition. One of our largest houses sent oul is men August 1, with the idea that porhaps fall orders could be taken, butgave it up, aud now the commercial tourists of that concern are added to the large number *at home.” *“I'his 15 a gloomy fact on its face, but the conditions might bo a great deal worse, Omaha jobbers are not suffering heavily from losses, us might be supposed from the large number of failures occurring among country merchants, Taking it as a whole, I doubt very much whether the losses for June, July and August are above the average of good years. ‘This i partly due to eare in extend- ng credit and partly to the fact that sales have boen rostricted, ‘“I'he bright side of the picture is in future prospects. Uuless this phenomenal depression lusts iate into the fall the last three months of the year will witness a very marked revival in wholesale trade. The country merchants are running down their stocks. The weakest are going to the wall and when this storw is over the merchants who ure still in business will be more than ordinarily safe for credit. There will slso bo & great many new stocks opened and, takeu nltogother, it seems hardly possible that anything cab provent a ood business in the latter part of this year and in th opening months of 188 The country dealers will begin buymg just ast s00n as tho corn crop is {assured ‘and then customers, who, like everybody else, are hoarding money, can pay cash. “'Bankers vary in their views as to the effect of proposed and promised congre: sional action, but all agree that there is reat hope in the fact that the factions Il congress have agreed to reach a vote in 1 ouse by August2S. It will un- Uoubtedly aia in restoring confidence o have action taken early and dofinitely, Just how tho wrepeal of the obnoxious pur- clause of thoOSherman act is W people immediately to their scnses 13 not clear Lo the average citizon who m:.(’ Or may uok belleve i the single standard, but the financiers of the country have done a good desl toward educating people to this Dotion and perhiaps they have boon succoss: al, “Foroing is the order in retail circles. Thero {8 quite a good deal of shopping and sales of dry goods and boots and shoes for the woeak have been larger, though at cut prices.? Omaha All Right, W. I Kierstead, manager of the Dewey & Stone Furnivure company, beiug asked con- cerning their business, sald: “While our business is not booming, still it is all we could expoct and we are well satistied. We anticipate a good business during the win- ter, and I will give you my reasons. Wo havo an absolute certainty of the largest corn crop ever gathered in the state. It will excoed 200,000,000 bushels, which at the present price of cents per bushel would bring $76,000,000. Allowing 26,000,000 worth for home con- sunption, we have #0,000,000 worth to ship out of the state. Corn is the most profitable crop a farmer can raise at tho present price. Most of tho northern states, as well as Cali- fornia, Oregon and Washington, depend on wheat for their surplus cash. The south depends on cotton; Colorado, Montana, Idaho and the territories on silver. Wheat, cotton and silver are all at the lowest prices ever reached, while corn, hogs and cattle are selling at a top notch price and the market for them constantly increasing. Wo oxported twice as much corn last year as over before and _ will louble it again this year. Australia, India, Eeypt, Russia and “Hungary are all large exporters of wheat, India and Egypt of cotton, Mexico and the South American countries of silyer, but we are the only coun- try in the world that raises corn, and Ne- braska is the corn grower’s paradise. Omaha, with these millions in corn, hogs and cattle ot hor door, cannot help but be prosperous the coming yoar. *What wo need now is confldence in_each other and an appreciation of our advantages. Our banks are in splendid shape. Innocity in the world have they botter or safor men at the head of the financial institutions—none of them spoculators, but all conservative men, and I beliove there is not a_bank president or diroctor in Omaha today but would sacrifico his personal fortune, if necessary, before a depositor would lose a dollar. “Never has Omaha had such o splendid chance to make a name for herself. Kausas City, Denver, Minneapolis, St. Paul, Milwaukee, Indianapolis and Louisvillo, all cities of about our size, have had numerous bank and business failures, but Omaha has stood up nobly. If she goes through the balance of the season as well, and there is no reason why sho can’t, we will have the confidence of the whole country. Millions will be sent here to invest and we will have an era of prosperity far surpassing our most pros- perous days.” FACTORY FACTS. Notes Concorning the Men Who Make the Wheels Go 'Round. Robort Vierling, vice president of the Pax- ton & Vierling Iron works, sailed erday morning on the La Champagne for Paris. Mr, Vierling was accompanied by his sister and will spend six wecks abroad visiting friends and relatives. ‘While the business of the local manufac- turers is affectea by the dull times the same as any other line of business the general prospect is favorable. The manufacturers have many of them taken advantage of the 1ull in business to clean up and mal.s needed repairs which could not be well done while the rush of orders continued. When ousi- ness does revive the manufacturers will be in shape to make the most of it. The W. A. Page Soap company have been making extensive additions to their plant during the summer. They have fitted up a room 110x30 feet for toilet soaps, and have employed an expert toilet soap maker and have put in the latest and most approved appliances for turning out the finest kind of toilet soaps. They will make fifteen differ- ent kinds of toilet soaps, including the Moxican root soap which is attracting a good deal of attention of late. 1ln the past the company has not paid much attention to the toilet soap branch of their business, but i the futuro they will push 1t as well as the laundry soap department. They are figur- ing with local manufacturers for 100,000 lithographed labels and 50,000 paper boxes. cturers are considering the ring space atthe state furr to make an exhibitof samples of their products for the instruction of visitors. Mmr. Holmes of the manufacturers association proposes that the management of the state fair set aside 100 feet of space in the merchants building to be used for displaying the sam- ples of Nebraska manufactured goods. If the manufacturers association approves of the plan and the space is granted Mr, Holmes will request every member of the association to send him a line of samples and will arrange themand look after the exhibit, He proposes by this moans to show the pu Jic wheroe they can get supplies in almost every lino from home manufacturers. Such an exhibit could not fail to help along the home patronage movement and would bring the subject to the attention of a good many people. Omaha manufacturers frequently com- plain of the diMculty which they experience in trying to sell l\leHBl to the purchasing agent of the Union Pacific. The company appears to take it for granted that anything made in Omaha is juferior and they subject it to the severest tests and find all the fault with it that they possibly can. At the same time it is claimed that the company’s pur- chasing agent will buy eastern goods on the market without question and without any tests. Local manufacturers only ask that their goods be purchased when quality and price are equal to eastern goods, and. thoy cannot see any reason for & western road discriminating against western manu- facturers. The action of the Union Pucific in this matter is in marked contrast to the stand taken by the Denver & Rio Grande. President Jeffery of the latter road is quoted by .the Denver Commercial Tribune as saylg, “Our only way is to keep wide awake and stand together for the west. This should be the sentiment of every business man in the stata.” In practical support of the presi- dent's declaration Mr. Hobbs, the purchas- ing agent of the Denver & Rio Grande, has announced that henceforth all supplies for his company. so far as possible, will be ought of local (Denver) dealers. Hitherto the company bas purchased its supplies, in largo lots, of eastern concerns. Mr. Hobbs suys the company expects to pay more under the new arrangement, but will not hesitate to give a fair margn to local men in prefer- enco to sending the money east. It is the sentiment of the ofticials that the company can well afford to sacrifice a moderate amount to assist local constituents. Omaha manufeeturers do not ask the rouads to pay them any more money for goods than they pay eastern manufacturers. All thoy ask is that their goods be given the prefer- ence, quality und price being equal. COUNTRY PRODUCE AND FRUITS, Trade Generslly Quiet Without Apy Very ITmportant Fenturos, The produce district has not been very prolific in new or importaat features bear- ing on tnade. No Inconsiderable amount *of business has beou transacted but at the same time thestreet has appeared rather quiet most of the time. There has been an almost entire absence of snap which makes business appear good. “The butter and egg market has been quiet all the woek, as castern markets, though somewhat improved, have not been of a character to encourage very extensive oper- ations on the part of shippers. The receipts have not been large, but no one appears to complain of a scarcity, but they all seem to bo gotting as much as they havea demand for. Toward the last of the week thero ap- peared to be a slight increase in the roceipts of eggs and some houses were complaining that stocks were commencing to accumulate to some extent. Small shipments of both butter and eggs are being made, which helps to keep the surplus cleanea up. ‘The poultry market was much better last weok than it has beou for some time. There sprang up a sudden demand for chickens that was sufiicient to keep the market well cleaned up, though there were quite liberal receipts tho greater part of the week, Prices were steady but firm. In the way of fruit there was & very fair business transacted, the roceipts from Cali- fornia being quite large, sud the demand s good as could be expected under the circum- sta Prices ou peaches are low in this m as compared with other markets, but atill_they koop coming iu liveral quanti- o8 THE COMMERCIAL AND FINANCIAL Pardridge’s Short Line of Wheat is Bacom- ing Quite a Factor. WHEAT STARTED OFF WEAK AND LOWER There Were n Good Many Selling Orders Early and as the Shorts Were Rathor Soarce There Was Not Much Demund. Cricaao, Aug. 12.—~Pardridge’s short line of wheat is looming up as a factor in the market. Ho has had perhaps 700,000 bu. called from him on each of the past three days. He has been & seller in the pit on bulges besides and is said to be short 4,000,- 000 bu. It is gossip that he fighting the advance tooth and nail. After a period of hesitation, due to cholera talk, there was another big bulge in wheat today, Soptember closing at an advance of 1gc and December gained 13%c. Corn is e better, although the general rains must have greatly improved the crop prospects. Provisions wero very dull and averaged easier in price, but closed at about yester- day’s figures. Wheat started off weak and lower, but soon made asharp dash upward. There were a good many selling orders earlyjand as the shorts had been pretty well gathered in yesterday, there was not mucn demand. Later in the day confidence was restored by the fact that exchango was easier, being quoted at from par to 65 per $1,000 discount and the buying was resumed, but v ith very little for sale. Shorts got badly frightened and began to climb over each other 1n their efforts to even up, and the investment demand incroased in boldness and volume. W. R. Ream was active in bidding the market up. Cables, too, were stronger and higher, and the ex- port clearances were again liberal. The re- ceipts at primary markets werenearly 1,000,- 000 bu. less than the preceding week, and it is calculated that the visible supply will show a fair decrease, while in the corre- sponding week a year ago_thore was an in- crease of 2,174,000 bu. The openinz was about from Igc to &¢c lower than yesterday's closing, fluctuated within a small range, and then advanced 3c for September and !gc for December, eased off from ?fc to }4c, then rallied sharply, prices advancing 23¢, clos- ing firm within ic of the top. If any one in the corn trade had predicted a week ago that the market could bo put up 1cin one hour in the face of good rains over nearly the entire corn belt, he would have been put down as a lunatic. That is what oceurred this morning. Cash was in_urgent demand, shippers taking all the offerings, which were quite light. It was dificult to obtain round shipping lots and the prices were bid up and averaged from ic to igc higher than yesterdav, which m turn af- fected speculativo values. The better de- mand was due to the better price of ex- change. Opening trades were at a fractional loss, and sold off afterwards &c more, rally- ing later on 1¢c, changed but livtle, and ab the close had gained from !{c wo e, Oats started out slow and prices receded from {c to 3¢ from the opening. Later wrading increased, and as wheat and corn advanced oats sympathized and prices ad- vanced 5c, and the market closed firm at about the top, with a net gain of Igc for the day. Hiio provision markot was almost stag- nant until a few minutes from the close, when Armour & Co.’s brokers were put into the crowd to bia ribs up, which they dia without the necessity of buying many. Froights were slow and rates unchanged. Estimatedereceipts for Monday: Wheat, 115 cars; corn, 250 .cars; oats, 210 cars; hogs, 20,000 head. The leading futures ranged as follows: Articles. | Open. | High. | Low. | Clo 3 3 621 84 72! 39 61% 02 70, 88! 42 24 25 30X MESSPORK— Aug. Oct. LARD- 10 810 90 790 SHORT R1n8" 717 717% Onsh quotations were as follows: Eroun—Nomlnal, o o e No. 8 spel HEAT- spring, 63@63%c; No. 8 spring, nosnles; No. 2 rod, 83G03%c, e Conx No. 8 yeilow, closing, 40c. OATs—No. 2, 26¢; No. 2 white, £.0. b., 28%@ 29c; No, 8 white, f. 0. b, 28¢. RyE—No. 2, 480, Barrey—No. 2, nominal; No. 8, 1.0 b, 86c; No. 4, no sales Frix Sesp—No. 1,81, TrMOTHY SEED—PHme, 83.1529.20, PORK—Mes $12.50@12.75; lard, r 100 Ihs., 88, hort ribs sides (loose), $7.2817. dry’ salted shoulders (boxed), 87.00@7.25; short clear sides (boxed), 7.873508.121. 41 IBKY—Distillers' tinished goods, per gal. SvGARs—Cut loaf, 6c; granulated, 5.82; standard "A," 5.70. The following were the receipts and ship- ments for tday? C [SIIPMENTS, 15,990 220,870 1825]..0000 0 ange today the butter eamery, 17022¢; dniry, Figgs ensy; stricrly tresh, 18%c. On the Produce exc! murket was stead, 16@20c, Omaha Produce Market. Burren—Fancy creamerios, solid packed, 19¢; fair to good creamories, solid packed, 16@18¢; choico to fancy country, 14@15¢; fair to good country, 18¢; pucking stock, frosh, 11c EGas—-The markot s pr thero Is not much 1ifo o th celpts aro not lnrge, but they are sufficient to supply the trade. The bulk of tho sal reported at 10%@11c Live POULTRY The rocelpts for & fow days back have not been 8o large and the markot hus beon well cloanod up most of the time. Prices bhave not advanced but stocks move more readily than they did and the market is upon the whole, In i more satisfactory con- dltion. Some cholco yonng ducks were re- eived and brought 10¢; choleo old hens, 7%@ ie; ld roosters, 4@be; pring chickens; 108 POTATORS—Theroe is very little dolng in pota- toes and very few find” their way intothe hunds of the commission men at the present e, The local growers do not appear to be as many as they wore, but still o onough o supply the local retail trade. On ordors from the country they are Worth at leust 65@70¢, many cling stone pench Callfornis ut thissoason and thero 15 also & good supply of early Crawfords. Early Orawford b 2551.85 artlott 5" » pe1 #1.504 plums, per box, . per box, 81.50, GrAPES—So far this season there have not boon very many grapes in from California. A car of Southern Illinols grapes hus been ived from the section of the countr where it 1ssald the crop is very short. Call- fornia, por case, #2; Illinols, per 8-1b basket, 45@50c. MeLoxs—The supply of watermelons is Inrger than itewas @ fow days ago, but still thero are not enough to reduce prices vory much, Good watermelons aro selling sl the way froui 818 10 825 por 100. Jem cantaloupes, baskets, #1.50; short crates, 81.60@1.75; lon, crates, §2.0002.26, BEiiies—Thore are still u fow blackberries comlug und soue blueberries. Blackborrios por 24-qt caso, #3.0088.25; blueberries, per -qt. case. §1 ArrLi apples to amount 10 anything are belng shipped in, but the supply of home rown stock (. Hberal. Cholce’ Dachess, per BbL, #3.0009.26; commou 008 UABBAGE—The business in shipping eabbage to the country appears to be about over. Occasionul orders are recelved and filled at varietios, ng and ounced good Celery, per doz. Y-Suray shipments are arrl the quality of the stock is pro for this season of the year. bun 8. Home grown stock 1s plenty at 1§ per 1b. on orders from the countr TouaTOES - 111inols stock, per 4-busket crate, To@nle. THOPIOAL FRUITS. LEuoxs—The steady Warw weather pro: duces o vory fatr dywand for lomons and all bouses are dolag & good steady business o OMAHA DAILY BEE them. Measinas, § ORANG RS Rivers fo tancy are only n fow oranges s 1o MedIterdwiétin swoots, 83,7 ady’ b, small W0 Hipes-No. 1 green hided, $¥e: No. 2 groon hides, 2 1 green_salted Kides, Sc; No. 2 gr hides, 2¢; No._ 1 0 salted hides, 25 1bs. to 40 {hs n sulted hides, 25 e, to 40 1bs., 8: No. 1 veal calf, 81bs.'to 15 1bs,, 5c; No, 2 veal kit 8 1bs. to 15 o 8 No. 1dry inthides b No. 3 hides, 4ci No. "1 dry saltedhic cured hides 4o por 1. 10ss than fully ¢ SHEEP PrLTS—Green salted, onch S50me1 green saltod shonrlings (short wooled enrly skins), oach 16@26c; dr¥-Bhenrlings (short wooled oarly skiny, No. 1, ¢Néh 5B100; dry shoarlings (short wooled éafly sking, No. each 5o dry flint, Kansas” aud butcher wool polts, per 1b., actual weight, 10 Hog dry fint Kunsas and Nobrasky murrain wool pelts, per 1., actual welght, 7@10¢: dry flint Colorado bUtcher wool polts, por It ctual welght, 0@210c; dry fiint Colorado mu rain wool pelts, per Ib., actunl weight, 7 dry pleces and b 1 woight, 587 ALLOW AND ( llow, No. 1, 84c: taliow, No. Sc; urease, whito A, greuse, whito 13, 8c; groase, yellow, gronse, durk, 230} old buttor, wax, prime, 16 rough tallow, 2 Now York Markets, NEW Yomk, Aug. 12— FLovr-Roceipts 97,000 pkgs.: oxports, 2,600 bbla. 23,000 sucks: vios, 4,600 pkigs.; markot dull, steady; win- tor wheat, low grades, $1.95 winter § {0 Tancy 82 A0GT45: winter wiont, phionts 33.4004.00¢ Minngsota_cloar, $2 603 5.00; Minnosota steaights, 83,804,005 Minuo- sot paents 83,904, 30. 4 4 Cony MeAL: ulet, steady; yellow wostern, 02600270 0 ¥ TRyE—Dull, nominal: western, 55c. BARLEY MAu—Dull; western, 65@80c. WHEAT—Iecolpts, 269,000 bu.} exports, 21 000 bu.; saies, 850,000 bu. of futures, 3 000 i, spot. Spot market dull, steady No. 2 rod, 1n store and elgvator, 60@60e afloat, 7040; f. 0, b T0%a@i1%c; graded rod,’ 576710 N6, 1 nortiiorn. ' 70 0%c. Options wors moderatoly active openca at a decline of 5@Xc on Russian crop report, with foreignors selling, financiul trovs Dles roported hore and realizing, rallicd i@ 14¢ with the west and late cables firs ing firm down: No. Soptombor, 69%5@70tc, closing at 7050 De- cember, 77147 78¢, clos ng at78c. (e Roceipts, 84,000 bu.; exports, 15,000 bu.: sal uros, 0o spot. Spot. . 80,000 bu. fu duil, nominaly No. 2, 474@47%e In elovators 481c afloat.’ “Options dull at }y@ise decline, clostng stoaly; Septembon 474c;" Octobor, A85,@48% ¢, closing at 48%0. OATS—Recelpts, 61,000 bu.; exports, 2,000 bu.; sales, 45,000 bu. futures, 25,000 b, spot. Spots, dull, easter. Options dull, lower; September, 81@31e, closing at 314c; Oce tober, 3154@313c, closing at 813(c; No. 2 white, 40140 No. 2 Chicago, 821 No. 3lc No.' 8 white, 89¢c; wmixed western, 31@34c white western, 387p45c. HAY—Firm, 'quiet; shipping, 70375¢; good to choice, 8 common to cholce, 19622 acific coast, 19a22¢. Hipes—Dull, weak; wetsalied New Orleans selected, 46@00 Ibs., 6e; Toxas selocted, H0BEO 6tc; Buenos Ayres dry, 21@24 1bs., as dry, 21027 1bs., 89! ISIONS—Out dull, stondy; piekled les, 121 uldors, 63c; picklod hnms, nominil. Lard, woaker! wostorn stoam elostd at 38.80 Did; sales, 500 tlerces ut $5.60; options sales, 760’ tlerces at #8.50 for September, and $8.30 for October; spot closing at #.60; October, $8.40, nominal. Pork, quiet, firm; new mess, $14.50216.00. Burrer—Firm, falr demand; wostern dairy, 14@17¢; western creamery, 16@22c; western tactory, 14@17¢; Elgins, 22& CHERSE—Ensy, qui Eaas—Qulet, Stond recelpts, 4,200 pkgs.: western fresh, 10216 $ seconls, per case, §2.60 iyALLOW—Qulot, firm; clly (82 por pkg.), 4Xc a. ¥ COTTONSEED OW—Dull, stoady; crado, 35@ 87c; yellow, 43¢. \2 PETROLEUM—Qulet, stowtly:orude in bbls, Washington, $4.85; Washington in bulk, §2.851 rofined Now York, $5.16; Philadelphia and Baitimore, 5.10; Philadeiphia und Bualtimore in bulk, $2.60@2.65. x RosIN—Dull, easy; 800d, H0@ITH5e. TURPENTINE—Qulot, stofdy: 251@260. Rice—Quict, steady:; domestit, fair to oxtra, 2%@5%c; Japan, 45440, MorAsss—New Orlenns] ofith kettlo, good to choice, 30@30%¢; dull'dteady. buGAR-—Raw. firm, dull; fair Tefining, 83c; gsals. 86 tosty Skips Toduod, drnh, Tals ol X - 16 s qnould , 535 Sandar A; o Totatc: Sonfas: tloners ‘A, 5 1-16@bic; ctloat, 55085 13-16¢; d, 55@5 13-16c: powdered, b 7-16@b3c; gramilited; 53-16@54¢; tubes, 8 7-1 P1a IRON—Dull, stendy; Ahiéricun, 15.50. Corrkn_Stondy: Tike, 10,65 LeAp—Quiet; domestic, 83,50, Stralts, 818.40; plates, quiet, TIN—Dull; SpELTER—Dull; domestic, $8.85, stendy. St. Louls Markets, Sr. Louis, Aug. 12.—FLOUR—]In bettor feel- ln{t with wheat. WiEAT—Declined early for no known cause, rallied and closed with a netgain of }c on confidence in bettor finunclal situation; No. 2 ash, 60ie; August, H9%e: September, October, 64%0; Decomber, 0% CorN—Higher with wheat; 'No. 2 mixed, cash, 3414c; August, 344c; September, 863ci December, 34%c; year, 84c OATS: b, 24%c; August, strafned, common to Stronger: No.' 2 ¢ 24c; [{;mnl)al‘, 24 @24 %0, RyE—No trading. BarLEY—No trading. Byrrer—Higher; separator creamory, 220 24dc: cholco dalry, 21@22¢, 008110, LeAp—Strongor ut 33,0255, SpeLTER—Qulet ot $3.75. PROVISIONS—Qulet, easior, lower; pork, new, 819; lard, §7.87,@8.00; dry sult ments, 10086 shoulders, 87; longs and ribs, $7.85: shorts, boxed, 16c more; bucon, packed shoulders, 84.00@38.75; longs and ribs, $5.57%; shorts, $9.37%: huwms, unchanged. Reckiers—Flour, 2,000 sacks: wheat, 07, 000 bu.; corn, 71,000 bu.; oats, 26,000 bu.; rys and barley none: SuieMENTs—Flour, 5,000 sacks: wheat, 11,- 000 bu.; corn, 52,000 bu.: oats, 2,000 bu.; rye and barloy none. Kansas City Muarkets. KaNsAs Crrv, Aug. 12— WHEAT—4@1%c higher; No. 2 hard, 54@54%c; No. 2 red, 568 31:{»12!4‘4!115 ; No. 2 white, 81c; No. 2 mixed, OATs—Lower; No. 2, 21@22c; No. 2 white, 25 @26, glTTEn—Wouk; croamory, 16319¢; duiry, 16 Be. EGas—Quiet and fi HAY—Stoady, unc 8.0 or at 9¢, nged; timothy, $7.00@ prairio, §1.505.50; i 1prs—Wiieat, 19,000 bu; corn, 12,000 ORLs, none. SRIPMENTS— Wheat, 7,000 bu.; corn, 20,000 bu.; oats, none. New York Dry Goods Market, Nmw Yonrk, Aug 12.—Tho situation in the dry goods tralo shows further improyement as regards confidence and the mnear outlook. Stocks are cared for by the curtallment of production, and there s more present demand lor export. Collections are still small, but money Is easir and 1ikoly to- come In fastor: It is thought that next weck may witness more readiness to take goods. Spot trade very Tight. The worst seems to bo over, and any change must be for an lwprovement, Liverpool Markets, < LIverroor, Aug, 12.-WnrAr-Steady, de- mand poor; holders offer moderately; No 1 California, Os 0'd@bs 10'5d [‘Il’l' cental; red western spring, s 75d@6s 8'4d per tal. Cory-Steady, demand moderate: west- ern, 45 2d per cental, WacoN~Long cloir, 45 1bs., f2s por contal, LARD—Prime western, 48s 6d.per cental. nEket; Cotteo NEW YORK, Aug. 12.—Ontious opened frreg- ular, 20 points ~downm 't 20 points closed steady, 5 points to 20 points 19,750 mfm inolnd August, ptember, $15, .05; October, @15.00; November, ; $14.5014.90; Junuary, B14:20@14.25, Bpot Rib, May, No. 7,406, " Ao WieAm-Stronger; No. ull CINCINNATE, Al 2 red, b8c CORN—Firn OATs—8 WHISKY— Wool Murket. S1. Louis, Aug. 12, —Recdlpta today, 15,000 1bs. this weolk, 158,000 1bs, w‘)munulmhy. 10,000 1bs.; this week, L7480 1bs. Markot nominal; quotations od, except un- washed fic lower at 25 Baltimore Grain Murket, BaLTINORE, Aug. 12.—WHEAT—Strong; No. 2 August, 6634c. ConrN—Eas: ugust, 464c. OAms—Quict und steddy; No. 2 westers, now, Gotton Marke NEw Omiraxs, Aug 12 Fatures steady; salos, 14,400 Dales: August, 87.07 bid; Sep- tomber, ' §7.07@7.08; ° October. $1.11@7.10 Novenber, $7.28@7.29; December, 7.38@7.; Ol Markots. LOXDON, Aug. 12.~TURPENTINE 215 per cental. Financial Notes, KANSAS Orry, Aug. 12.—Clearings, $515,684. PARSS, Aug. 12.—Three per cent rentes, 981 9be for the account. BALTINOKE, Aug. 12.—Oloarings, #1,768,074; balances, $219.369. Money, 6 per ceut Sr. Louis, Aug. 12.—Clearings, $2,449,419; balances, $247.354; this woek, 810,874,002; vilances, 31 same woek last year, clearings, balauces, $2.751,019; lust week, “The Money, firm,_at 6@8 per cent. ow York, §7.50 dlscoun Memenis, Aug. 12--Now York oxchange selling at $1.50 premium. Clearings, $850,158: balances, 824,946, OINCINNATL, Ane. 12, W York oxchange, 30,800, NEw OnuEANs, Ang. 12.—Clearings, 772,088 New York oxchange, commorcial, $.00@5.78 per $1,000 discount; bank, par. PritabrLeRIA, Aug, 12, 203; brlnnces, $1,058,270. cloarings, Money, 647 per cont. New Yonk, 14 Exchange on Money, 638 per cent $5.007.50 discount Ings, #7840 For the woeek, ancos, #6,406,443. 12.—Cleatings, $73,331,- 5,940, r the i Dalunces, 328,098,853, . 12.—Clearings, $11,799,601; 3176, Money, (KRS per Cnroaco, Auz. 12, for the weok, $68,26 for the same’ wook last 'year. New York chango 5 discount. Sterling exchange, dull, $4.8084.55. Monoy steady at 7 per cont. Cloarings, 067, ngnins STOUKS AND BONDS, At the Opening the Market Irreguinr. New York, Aug. 12.—Sales of railway and misce!laneous stocks today aggregatod only 51,085 shares, At the opening the market was very irrog- ular, afew stocks showing declines and others advanced, but the changos outside of Amorican Sugar and Lackawauna are small. The failuro of the Commercial bank of Brooklyn, a small state bank, had little ormoeffect. About 11 o'olock a fair do- mand sotin for Chicago Gas, St. Paul, Rock Island, Burlington & Quincy and Lake Shore. The market held tolerably firm until the publication of the bank statement which was 1ot favorable. The banks lost £2,713,000 in cash, expanded their loans $3,078,000 and decreased thoir liabilities §41,700. This showing croated a bearish feeling and a general decline followed. Northern Pacifics were particularly weak. London and Berlin had selling orders in the stock. Northern Pacific proferred dropped from_ 215 to 18%¢ and the common from iy to Gy Union Pacific was heavy, declin- ing about 2 points on tho applica- tion for a receiver for the Union Pacific, Denver & Gulf. The general list foll 35 10 11§ per cent. Among the specialties, Unitod States Rubbor proferred declined 7 to 70: Consolidated Gas, 21 to 10215; Nashvillo & Chattanooga, 3 to 56; Northwest pre- forrod jumped 437 to 135. Just previous 1o the close thore rally of small proportions, but the tone the ‘market was rather woak. Tho Post says: Coming as it did at the close of a week of so sensational devolop- ments in the money market, the bank state ment was awaited today with peculiar in- torest. To the averago obsorver its figures wero & profound disappointment. With nearly $14,000,000 gold received this week, according 10 the custom house flgures, from foreign countries, it was naturally expected that the clearing house banks' reserves would show a heavy gain. But they did not, on the contrary the banks reported an ac tual loss on specie alono reaching to $2,303, 000. “There is but one possible exlanation of this seoming anomaly, and that is that the banks, on their own account, have not re- ceived and hold tho unported gold at all. The specic bought in England and Germany a week ago has clearly been ropurchased here at a bromium by Saviugs banlks, trust companies and private firms or individ Yesterday's incidents in the time meney market gave further evidence to tha Money was loaned in large quantities at 6 percont, but the banks were not the lenders. money came, as is now well kuown, from trust companies—the natural machin: ory to be chosen_vy private purschasors of imported gold, since a lender can keep pe sonal control of the money in a trust institu- tion as he could not do in banks. The following are the closing quotations on the leading stocks on tho New York exchange today: Atehison. . Adams Express. Alton, Terre Haute, A0 Prord....eox Anierlean Express Baltimore & Ohlo.. 08 [N Y. Cauada Pacific. 704 | Ontar Cunada Souther 43 |Oregon Central Pacitic 1844 | Oregon Chon, & Ohio. . 15" 0.8 L Chicdgo & Alton. .. 126 | P: B, C.B&Q..... 775 Poorta D, Chicago Gns. 5214 | Plttsburg. . Consoliated Gia.. 118 | Pullman Balice.: C. C. & St. L..... 333 Reading. . Cotton Oil Cert..... | Rie ond Ty Del. & Hudson. ... 41 do pref'd. Del, Lack. & Wést: 1303(| Rio Grande Wesi. D. & R. G, pfd 293 do profd. Dis. & C. Fdrs. C 1034 | Rock Island. Enl Tonn. S Brie Was Very was a of do profd. A t P, & O. 1130 {SLP &C 100 |S 50 |8 16 |1 90 C.&E. L 1 5 Hocking V: 103 Tilinols C: i St. Py 70 1814 16 % Y & Texas prd. Erlo & West. do pref'd Lake Shoré. Lead Trust. Loutsville & i1 Fiecirie! tonal Linsood .. Colo. F. & T...... |, do prera. & C. ITA A& Missouri Pacifie. .. Mobile & Ohlo..... 1 Nushville .o Natlonal Cordage. 9 do prof i ap) N.J. Centrai...ll 83 Nor, & West. pf'd.. The total sales of stocks todiy were 51,000 shures, Including: Atehison, 1,600; Burling- ton, 1,700; Uhicags trie, 2,500; New E Pacific. 3,800 Northe B00; Rock Island, Sugar, 4,.600; We: NEW YOuKk, Aug. 12 inally at 8 pe 5 RiME MERCAN PAPER—S@12 per cent. TERLING EXCHANGE—ITrmer, with actual business in bankers' bills at $4.81G04,5 for sixty duys and $4.8524.85' for demand. CONMERCIAL BILLS—$4.781(04.8415, Umisriricaves — Woro " al eglectod, t 75 MENT closod Boxns—Stendy. State bonds osing quotations on bonds: SUL&S F.C iy § 419 rog,; Pl Loul Minsourt D101 R 614 Al 00 10114 ¢ 109 oW e 3 11800 4% S0, 2w Ligelany A T4 N, C a5 | do 105 105 D110 100 128 L 105 75 Mutia N.J. C. N P N! Pac. o N W. Consois N.W. Deb. s at. conp. | va.cons., 2d nerl |u. .38, Stock Quotitions. BOsTON, Aug. 12.—Call loans.7 3-10 per cent timeloans, 6 percent and commission quotationson stocks, bonds and minis ATl Top. & 8. ¥ 16 |Wost Bl prord.. Ry Stite G 41 Wik, Ooutr B Richison S Houton & Albiiiy chison 48, Baton & Ml cif’ B, [Rtianiie Hoston & Mini Quatations. SAN FRANCISCO, Aug. Tho oflicial closing guotations for miniux stocks today were as ollows: Altad . Beleher ot & Beicher ©liol Con. Cal. & Va Crown Polnt Gould & Curry Hale & Noreross. New York Mi NEw YORK, A wining quotitions Dead wood 1d_ & Curey & Noreross. Jations. following s Novada i e Mexica Outario Oplilr Yellow Jiket. Quick 81l | "do prerd | tofore. but it is more OMAHA LIVE STOCK MARKETS Law of Sapply and Demand Olearly Oontrols the Trade at Prosent. SITUATION IS EXTREMELY SENSITIVE Cattle Prices Have Steadily Gono Upward Under # Good Inqaley—fogs Lose & Quarter from Last Week's Closo—~The Trading. SATURDAY, Aug. 12 Thera nover has been o time when supply and demand ca nearer controlling live stock prices than at prosent. Spoculation is almost entirely suspendod and slauehterors are buying as little stoc as they can get along with and, of course, paying no more for it than their necessities compol them to. At present the sizo of the receints is a fair index to the condition of the market. Re- ceipts for tho past week, with comparisons, aro as follows: Oattle. 8,279 Hogs, 25,880 16,673 Shoeop. Recelpts this wook Receipts last wook. ... 12,045 Same week last y 10,386 The course of cattlo values has beon & ually but uninterruptedly upward, Receipts for the week have fallon about 4,000 short ot last week. and over 2,000 short of a At other markots conditions have boen much tho same and while receipts havo boon rather lightor than anticipated, thoy have boen mome too light for the good of the market under existing ciroumstances. Speculative shippers have boen compelled to suspend operations at least tomporarily, and while the dressed beef men have done about all tho buying, they have neoded enough cat- to to loop prices advancing right along. Glosing prices for the woak, at lenst on desirable kalling grades, aro We to Bde higher than the close of last weok. Butchers' stuff and canners’ have shared in the peneral ndvance, but bo yond a little more life to the movement there has_been comparativoly little improvement in the common and inferior grades. Trading of the Day. Tho market today was active and prices ruled firm toa shade hicher than Friday. Receipts were fair nna included a hiberal proportion of good at beeves both nativesand rangers. All local louses wanted cattle and went right after them. Giood 1,250 to 1,400-1b. beoves sold read- ily at from 3415 to $4.40, with fair to good 1,000 to 1,100-1b. steers ut from §3.95 to $1.15. Fair to poor grass una stock sold indifferently ard oce: shaded prices from $.60 down to There were several strings of good Dakota and Wyoming grassers on tho market weigh- ing from 1,150 to 1,270 Ibs. by mot with a good demand and a re S3.85 and $3.50. It was a good_livel throughout and by noon the offerin left first hands. T'ho cow market wa what stronger, supplie: demand very good. Choice_to fan and hoifers brought from §. 10 good butchers” cows brought §U and poor to fair canners $1 to $1.7 at §2.2 to $3.50 were about steady and bulls and stags at $1.15 to § showed 1o improve- went. In stockers and foeders the trading was not la particy matters 1s boing felt here more po inany other branch of the trade as con- ditions were neser more favorable than now and under normal condiiions a heavy business might bo expected. There is plenty of old corn in the country and @ fair crop already assured. Kven compared with cxisting fat cuttlo values, fecders are cheap. - Both speculators and_ prospective country buyers, nowever, are humpered by the scarcity of cash and the trade languishes. Goou to choice feeders | are quotable at $2.70@3.00; fair to @ood at | #2.50(@2.70, und commnon SWE at §2.00 Representative sales: DRESSED DEEF. Pr, Y $2 85 3 00 25 80 bh 60 95 95 00 00 MIXED, also active and som being light and tho volume of showed no u money haps than No. Av. 49......1062 1.0 860 1577111056 26...... 726 18.:.... 998 14 R0, 2..1.111010 1028 1076 1.1069 Av. Pr. 4 00 00 10 15 ......1096 vors 820 . 830 o950 L BO0 1171080 955 B16 . 958 582 820 861 933 716 ..1130 1260 1310 STAGS. 1280 00 LEREe No. 1 tdr... 1100 WYOMING. 25 1 steer 50 1steer 50 b0 stoers 50 1cow 50 1 calf. 50 24 cows 50 506 stoers 50 63 steors 140 1bull 200 8 feeders, 4 strs, 11095 2 00 10calves 9 foeders. 960 270 14 sts,Tox.1 INDIAN TERRUTORY. 914 2055 B steers SOUTH DAKOTA 4 B0 42 helfers.. 968 1540 1424 1 steer 1 steor 1240 1110 3 1150 1 3 1268 1080 So240 1047 1270 1251 L1200 4 stoers D8 st 10 cows B cows BO steers 941 1 helte 1 st 1 steer 160 sted . 930 1200 1230 5 %1150 atures of the Hog Trade, With light receipts early in the weol, hog values ruled firmer and up to Phursday the was an advance of about 20¢. The sensitive condition of the market is clearly shown by the fact that with heavy runs Eriday and Saturday tho market” broke badly and this advance was more than lost, prices today being on an average fully a quarter lower than the closo of last week “Prade journals generally aro abandoning the short supply theory, and look for future prices to be governed | by the demand and the condition of the money market Commenting on a decrease in packiug operations in the west the past week of about 85,000 hogs compared with a yoar ugo, and «a decresse for the season of 1,100,000 hogs, tho Ciucinnati Price Current says “he decrease in supply of hogs is due the break in prices lust week, and 1o the paralyzed coudition of monotary af faivs, The woaetary influence h wot become less serious than hero than ever interfering with the sale aud disposition of stock. Cur- rency has been so much withdrawn from trade channels that deal well as manu- facturers find great difieulty in proscenting operations in the usual manner. Lhis condi- tion of affairs is & hardship to all concerned, and necessarily restricts business opery tions. “Iu the provision trade there has been a good shipping demand for current require- wents und o fair movement of product is shown. ‘This is presumably maintained chiefiy by a few of the lirger coucerns who can command facilities which in tuese tines are denied to the smaller packers and jobbers At Chicago there has been soms reaction from the depression last week, wore notable in lard than other pro- This article appears 10 be in urgent and and feel the curtailment in slaughteriug operations wore thau olher | products. The corn cron to s lares extent isin & critical situation at this time, ana without relief by general rains will soon reach & point of {ajury boyond reparation Ordinarily such & position of this crop, ac- ceptod as promising a deficiency fn yield, tends to an increased marketing of hogs for tho near future, but there are unusual conditions now surrounding the position which may modify this goneral rule, The western farmors the corn belt are sup- plied with a large auautity ot wheat, which is not marketable ata remunerative price, and they are more and more recognizing the relative value of this grain for feeding stock, It is undoubtedly safo to say that any farmer in the west who posscsses or can obtain feeding stock may realizo far wore than current prices of this grain by judicious feoding operations. Wheat shonld nowhoro 1 this region realize a return less than per bu. to the feeder. Hoavy Recel Receints today hoavy ason last » Camse Another lrenk. wore nearly Saturaay and following Friday's heavy recoipts produced a very weak feoling, “At tho opening, with fully 7,500 hogs on salo and a restricted shipping and fresh meat demand, prices ruled 100 to 15c lower than Friday’s very wenk close. Bad reports from Chicago also added their depressing influence, On tho carly market mood to choice tlight and_buteher weight hogs sold very largely at #4.00 o $4.50, while pa ors boughit the heavy and mixed bogs mostly at #.50 and #1.05. The moyement was slow early, bus when Armour of Chicago sent a big order for hows here tho situ changed, business beeame lively tho lute hogs sold largoly at from $4.60 to #4.75, v decline being about regained, and rrices ruling very nearly the same as at the closo Friday. Tho pens were cleared in protty good season, tho bulk of the hog selling at from $4.55 to §4.65, against from 5 Friday and from $4.80 to #4.90 on last Saturday. Repre i No. Av. Bh. Pr. No. L. 480 HD #4 40 46 812 40 40 - 440 BO 4 40 40 twico a8 160 e e e e e e e PO P S N e T T PO TR E T Ues PIGS AND ROUGHL — 42 heen Still Six doubles of westerns wero, recelved. There was a_ moderate demand, but in sympithy with castern markets the feeling was casicr, ulthough overythlag to good mnutives, $.00@ 4,005 fair to good westerns, $250(@3.25; coms mou and stock sheep, $1.50( good to choice 40 to 100-1b. lambs, 800475, Repre- sentative sales: tern mixed 323 3 3% 320 Recomts and Disy ok, Officlal racelpts and disposition of stock s shown by the bools of the Union Yurda Company for tho twenty-four hours cndiug ab 5 o'elock p. m. August 12, 188 RECEIPTS, 433 Oregon mixed | Cars. | Hoad. | Cars. | Head | Cars.” [Head, Ro . 1.906 CATTLY.| HOGS. 14 803 | Omalia Packing Co... ... | 7 The G, If. Hammond 00, Swift & Co. fi Ty Pilcichy Cudahy Bros, Doud P. C Kingan & €0 Parkor W. Co. 100 i mpleton Hamilton Shippers o 03110648 N ock in Sight, Rocetpts of live stock at tho four principal western markots Suturday, August Hogs, South Omaha 6,05 25,052 8,001 Narkot. {8peclal Tolegram to wis only a handful of ni- hves here todiy—1ot enouzh to make i cattja market. Pricos remained nominally un- chunged therefore, The feeling, howover, wis weuk, the prospect of lurge recolpts for Monday making s dectine probable. Most of the offerings were Texans. Thoy wore in continued good demand for loeal necount and woro mloidy at th wdyanco kalied earller in (iy. Tho fresh receipts were estimuted at LA00 Tioad, making 48,911 for tho week, ag agalnst 67 the provious wook and 69,736 for tho corresponding week last yoar, Tho day's arrivals of hogs woro Close 14,000 I il Ctherd were about ad of yosterday's leavings, That is s ¢ sipply for tho last and it conld not a further welghts — wer was off fully from Weights ave OnIcAGo, Au Tue Bee)-Th vy elis es dropplig 10 decline in 1ight the top ab hogs 10 Nud th figure, ey Ao Dest g #5.25, T d 10c, #, 1t took good heavy 15, and thero woro fow th o sell ut n rocefpts were about d thg totul for the week wivs 72000, s ugainst H5,081 last week and 182,768 fust bour. “Pligre wis an unehangéd market for but labs sold higher, The former were aquoted it from $1.60 10 34,25 f0F poor tochuice sales of the lattor Wor on i busts of frc 10 $5.75 for nferior to extrn., Rocely were estinated at 1,600, making 48,785 for U work, or wbout 8,300 loss t wook 111,000 m sponding woek Tust you Ko Cattlo, * 1,400 o s liogs, 14,000 hoad Dy 1,000 1 st s Live Stock Market, §1. LOUIS, Aug. 12.-CArrie—Recolpts, neads shipments, 1,000 hend: msrket stes falr to good Texans, $2.20619 85, Hoas - leeolpts, 700 hoad; shipmonts, 400 warkev 10@20c lower; butehors' aud Iit, 85 80@5.00; others, $4.8000.40 pts, 800 Lead; sniy 3 no markel, Miniug Quotations, 12.-Mining stock: the elosing Guotath 75 \Granite M $1 U5 @200 - Where 4 w s Kollef. Kate Pleld's Washingu Saldso—In the next world the rich mau will still have the advantag Herdso with hiw? Saidso-—Of course not, and his tions wll let nim alone - Three Do es € Srate, ST0KES Co wherlain's Colic, Cholera and Diarrhaa Remeay is the Uest medicino for the purpose for which it is intended that [ over used. My nephew was taken with bloody fux, bad; three doses of it cured b, ALvekr A BoxLss, St Louiy s1. LU, Auz The followlng are Adann. % firmer, 60 G How 50; e can’t take his monoy poor relas