Omaha Daily Bee Newspaper, August 14, 1893, Page 6

- 11 OMAN WORST POINT IS PASSED | zortstaarances weee enis tiverst 7o o [ ciomime gendy. Septombor, 47Xe; Octoter, ceipts at primary markets werenearly 1,000, | 48%@48%c, closing at 48%c P ¥ 000 bt less than the preceding week, and {t | | OATSTReceipts, 61000 bu.i exports, 2,000 is calculated that tho visible supply will | Gi:s Sates 6,000 bu. faeares, 28 Co by o ir decrens®, while in tho corre- | Sbptemben. S1681 e, olost y S show s fair decrease. whi re: | September, $1@31ic, closing at Slie; < Banker Henry Olews Thinks Wall Street's | sponding week a year ago_there was an in- closing at 31%c; No. 2 white, Business is on the Rise, RKED IMPROVEMENT OF LAST WEEK Vearw Drivén to Desultory Attuoks on Wenk Stucks and Gueriila Operutors About Closed Out—Suggests that New + Bonds May Be fesued. lo his weekly lettor on finance, IHenry s, the Wall street hauker, sa. 0 far ms respects the investment markets, the past weok has shown an im- provenient in both conditions and prospects. The working of the stock market has af- forded clear evidence that tne point of low- est depression has been reached. Under the worst conditfons of demoralization there is always & lovel of prices at which investors— either domestic or foreign or both— will become buyers, and it s & .matter of ocular demonstravion tuat that force has now come in to sustai the market. The orders to buy from this cluss form a back ground of support upon which the ‘bear' attacks make little or no fmpression. Their sales are so far taken up by investment buying that, when they want 0 borrow shares or to cover their sales, the; find themselves more or less ‘cornered. Their operations are, therefore, confined to a few of the least supported stocks, out of which they seem satisfied to earn their daily salt. It is no small gain to legitimate busi- ness that the reckless filibustering of the raiders has been thus brougnt under check: for it is the fivst step toward a rise to b assured that decline has touched its ‘lowest deep. “The stock market has to a considerable extent broken loose from influcnces that are still depressing general business. The ex- treme scarcity and continued hoarding of money has little direct effect upon Stock exchange operations. That kind of business 18 done without the direct intervention of cash; and as the banks can lend on stock loans without parting with currency they give a certain preference to stockbroke; especially as their collaterals, at the pre Jow prices, form good sccurity. Membe the exchange, thevefore, find no dificult, borrowing at bank atd to 6 per cent on while other important borrowers have to pay 10 to 12 per cent for the insuficient ac- commodation that ean be afforded them This returning ability to get loans onables holders to protect themselves and makes Wall street less sensitive than other inter- ests to the adverse course in which events are still running. Rolief Brought by the Week. ‘“The week has on the whole contributed some important reliefs to the general situa- tion. It 1s true that there is no abatement common dearth of money, and nove in the large demands of the interior banks for help from the metropolis; the banks, indeed, are as much pressed as they have ever been, 80 much so that they are compelled to refuse currency to outside applications, and have advanced rates toalmost prohibitory figures; which simply means that a point has be reached at which they can no longer afford 10 be generous but must stand for their own protection. But, at the sawe time, the fact that, by the end of next week. nearly §20,- 000,000 of gold will have been réceived from Europe while some £12,000,000 of new bank ulation will be in the course of issue, can- not but have an important effect in relieving the scarcity of money and thereby restoring confidence, “Some relief is also felt from the fact that congress is at last brought face to face with the great silver dang The message of President Cleveland wis such a strong yet imple presentation of the cuse as to carry to 1l classes a deep conviction of the danger in which the Sherman act has placed the coun- wry, and the consequent necessity for im- mediately repealing the obnexious clauses of that law. The president having thus broadened and intensified the public hos- tility to silver purchases, it seems reasonable to assume the impossibility of congress failing to satisfy this universal demand. From such symptoms at the cap- ftal as can be traced amid the confusion of party maneuvering, it appears quite safe to assume that congress will ultimately adopt an unconditional withdrawal of the authori- zation to purchase silver. That is the sole slne qua non to the restoration of confidence and prosperity; and the country would hike o know it—and the sooner tho better—if it is possible that a congress of the United States could be capable of refusing a measuro 80 fundamentally vital and demanded by -.lmn an overwhelmiug majority of the peo- ple. CI Suggests n New Hond Issue. ‘It is much to be hoped that this conclu- sion may be reached with the least possible delay, and that the discussion of the ques- tion may not be hindered by mixing with it nonessential issues. After the main que: tion has been decided, there are other finan- cial problems that would naturally arise out of the suspension of silver purchases, which congress might well consider. Lest the sud- den cessation of a large supply of silver money should result in the evils ‘of contrac- tion, it is necessary that some provision be made for new issues of currency from some other source. In order to provideagainst that inconvenience,means should be devised for an increase in the national bank circulation and, to meet the emergency, it might sufice for at least the present, that the national banks be authorized to issue notes up to the full face value of the bonds deposited as guaranty. This would allow of a large in- crease in the circulation, and if further ex- on should be found necessary it could e provided later by other means. Ixpe- rience has shown the necessity of providing some resource by which the treasury could protect itself and the public from such emergenctes as_have recently occurred and still exist, For that_purpose it seems advisable that congfess should au- thorize the issue of 3 per cent bonds, by the secretary of the treasury and with the consent of the president, payable at ploasure ufter ten vears, and to be used to provide for any obligations of the govern- ment in periods of financial dificulty, These WEABUres seem & necessary supplement to the suspension of silver purchuses; but other financial legislation may well be left for later and maturer consideration. This being done, the situation will be cured. At the close of the week, thoro is a de- cided improvement in the situation among the binks. They have made a considerable g in currency’ during the week, and the arrivals of gold from England have relieved tho tension in every direction. The general opinion among managers is that the danger point is now passed and that, with the further supplies of coin tocome from Burope, will gradually work into an easier position,” COMME| 1AL AND FINANCIAL, Pardridg Short Line of Wheat Ing Quite u Factor. Cuicaco, Aug. | Pararidge's short line of wheat is looming up as a factor 1 the warket. He has had perhaps 700,000 bu. called from him on each of the past three days. He has been a seller in the pit on bulges besides and is said to ba short 4,000,- 000 bu. It is goesip thas he is fighting the advance tooth and nail After a period of hesitation, due to cholera talk, there was another big bulzo i wheat today, September closing at an advance of 3gc and December gained 13¢. Corn is ¢ bouter, although the general rains must have greatly improved the crop prospects. Provisions were very dull ani averaged easier in price, but closed at about yester- duy's figures. Wheat started off weak and lower, but soon _made u sharp dush upward. There were a good many selling orders early and us the shorts had been pretty well guthered in L:uwmux. there was not mucn demand. ter in the day confidence wus restored by the fact that exchange was easier, beiug quoted at from par Lo e per #1000 discount and the buving was resumed, but v ith very little for sale. Shorts got badly frightened Becow- o aund began to climb over each other 1 their eflorts to even up, and the investment demuand increased in bolduess and volume. W. K. Reww was gctive in bidding the warket up. Cables, 100, were slrouger and higher, and the ex- crease of 2,174,000 bu. The openinz was about from y¢ to e lower than yesterday's closing, fluctuated within A small range, and then ad vanced icc for September and ige for December, eased off from 'l?.»ml,m then rallied sharply, prices advancing 2igc, clos- ing firm within igc of the top 1t any one in the corn trade had predicted a week ago that the market could be put up 1cit one hour in the face of good rains over nearly the entiro corn belt, he would have been put down as a lunatic. That is what occurred this morning. Cash was in_urgent demand, shippers taking all the offerings, which were quite light. 1t was difficult to obtain round shipping lots and the prices were bid up and averaged from e to higher,than yesterdav, which in turn a fected Speculative values. The better de- mand wae due to the better price of ex- change. Opening trades were at a fractional loss, and sold off afterwards ¢ more, rall: ing later on 1igc. changed but little, and at the close had gained from 4o to 5 Oats started out slow and prices receded from ¢ to e from the opening. Later trading increased, and as wheat and corn advanced oats sympathized and prices ad- vanced f¢c, and the market closed firm at about the top, with a net gain of Jge for the duy. The provision market was almost stag- nant until afew 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 Freights were slow and rates unchanged Estimatedsreceipts for Monday: Wheat, 115 cars; corn, 280 cars; oats, 210 cars; hogs, 20,000 head. The leading futures ranged as follows: Articich, WHEAT Aug. Sept. Die Cony Aug. Sept. Oct May OATS Ang. smont BRI Aug.. Sept.. Oct Cash quotations were as follows: FLouR—Nominal. nosales; No. 2 red, CoRN-"No. yeilow, closing, OATS—No, 2 2 white, f. 0. b, 28%@ 400, No. 20¢c; white, £."0. 1., 28¢. Rye 2, 480 BArLey—No. 2, nominul; No. 8, f.0 b, 85¢; No. 4, nos FrLAX SEep TIMOTHY PORK-—Mess, o5 No. 1,31, £D—Piime, §3.15 per bbb, $12. per 100 1bs.. $8.16@8.20; short ribs sides (loose), $£7.25Q7.30: dry salted shoulders (hoxed), #7.00@7. short clear sides (boxed), #7871@81214. o JIISKY=DIsullers! finished goods, per gal, SuGans—Cut_loat, standurd "A," 5, The follo ments for 5; lard, G4e; granuluted, 5.82; e the receipts and ship- [SHTPMENTS, Barley. b On the Produce oxc X market was steady: creamery, 17¢22¢; dairy, 16@20c. Eggs easy; strictly tresh, 18}c. Omuha Produce M urTER—Fancy creameries, solid fair to good creameries, solid 18¢; choico to fancy country, 146 16¢ t good country, 12wi18e; pucking frosh, 11c. EaGs—Tne market s practically steady and there is not much life to the trade. The re- celpts are not Inrge, but they are sufiiciont to supply the teade. The bulk of the sales ure reported-at 10%@11c, L1vE PourLTRY—The receipts for a few days back have not been so large and the market has been well cleaned up most of the time. Prices have not advanced but stocks move morc readily than they did and tho market is upon the whole, In a more satisfnctory con- dition. Some choleo yonng ducks wore ro- erved and brought 10¢; choice old hens, 74@ B; old rovsters, 4oc; spring chickens, 106 DOTATOES—There Is toes and very fo! arket. stock, very little doing in pota- w find” their way into the hunds of the commission men at the present time. The lg rowers do not appear to be bringing in as many as they were, but still therc are enough to supply” the local retail triude. On orders from the “country they are WOrth at least 65@70c CALIFORNIA I'RUITS—A good stone peaches ure coming from at this season and many cling Californi there 1s also & good supply of early Crawfords. 1y Crawford peaches, por box, B19501.86; Bartlett pones, pet hox, $2.10@2.25; plums, per box, #1.6002,00; neciarines, per box, 8150, GRAPES—'So far this season there have not been very many grapes in from California. A car of Southern Illinois grapes has been received from the section of the counir: where It Is suid the crop s very short. Culf- fornia, " per - cuse, #2; linols, por 910 basket, 4550c. supply of MELONS—The gor than {tawas a fow days ago, but still o are not enough to red 6 prices very much, Good wutermelons are selling all the way from 818 (0 826 por 100. Jem cantaloupes, Daskets, $1.50; short crates, $1.60@1.75; long crates, §2,00@2.25, Briies—There aro still fow blackberries coming and some bluchorrics. Blackberries per 24-qt case, $3.0023.25; biueberries, per -qt. case. 1, ApPrrEs —No apples to amount to anything are bolug shipped (n, but the supply of home ‘(ruwll stock is liberal. Chcico Duches: bL.e $3.00@8.25; common varloties, $2.000 watermelons s BBAGE—The business in shipping cabbage to the country appears to be about over. Qcenslonul orders uro”received and_filled at 3jc. Gy —Stray shipmonts are arriving and the quality of the stock is pronounced good for this soason of the year. Celery, per doz bunches, 85 toNslome krown stock s plenty at 15 @2¢ per 1h. on orders frou the country. ToMaToEs—I11nois stock, per 4-busket crate, T5@80C, TROPICAL FRULTS, ONS—The steady warm wedther pro s a very falr demand for lomons and all houses aro doing a good steady business in them. Messinas, extra fancy, $6.0026.50; Messinas, per box, choles to fancy, $5.00806.50, ORANGES—Thore are only i oW oranzos riving. Riverside Meditorraneun s woots, $3.75, BANANAS—Prices rewain about steady. Per bunch, large, 75; por bunch, small to medium, #2.00 TALLOW, an hide 2; No. 1 groon, xalted” ides, salted hides, 205 No. 'L g 26 1hs. to 40 1bs.,” 8¢; No, 2groen sulted 25 Ibs, to 40 1bs, 2c: No. 1 veal calf, 0 15 1hs., fe: No. 3 veul ealf, 5 1bs. to 13 No. 1 dry flinthides, 6¢; No. 2 dry flint 4ei No. 1 dry salted hides, be.” Part 13¢ por 10, loss than fully cured, Green salted, onch 850724125, lings (Short waolod cirly 15026¢; dry shearlings (short wooled early skins), No. I, each 65@10c; dry shearlings (short wooled enrly skins. No. 2, ench be; dry flint, Kunsas and Nebraska buteher wool polts, per b, actual weight, 101 11e; dry flint Kunsas and Nebraskn mu woul pults, or 1., Actn welght, 7ut flint Colorado_biitehor wool | unl weight, 9@ 10c; dry flint ¢ rain wool pelty, por b, 10, 205 No. 2 groon i No. 2 o sl tod skins), each 1ts, per slorado mur actual weight, 7@dc; dry pioces nd buc ks, achal woight, o TALLOW AND GreasE—Tallow, N tallow, No. 2, 8c; grease, krease, white | grouse, dark, 21 prime, 16325¢ 80; gr old butter rough tallow, 25 New York Murkets. Youk, Aug. 12. — Frour New 87,000 pkn s xports, 2600 bbls, 23,000 sacks; Recoints sales, 8,600 phigs.; market dull, stéady; win- I wheat, low grodes, $1,05 05; “winte wheat, falr to fancy $2 408, winter wheat, nis, 43.4004.00; Minnesota « 8.00: Minnesotn straights, 83,800 4. 00 S0La patents, #3904 80, o MEAL-Quict, sieady; 2.6( . Kecelpts, 259,000 bu Wikt 000 bu.; sales, 550,000 bu : exports, 2 of future 000 ‘bu. spot. Spot market dull, steady Ne. 2 red, an store and elovator. 696840} flont, ~ 704e; £ 0. b, 7T04@71%e; un ruded red” 67@71 1 northern, 704 Ode. Options were 'moderately active and Dpenea at a decline of 1@ e on Russisn erop roport, with forelgners ‘seiling, finuncial trous bles reported here and vealizing, rallied 1@ with tho west und lite cables fiemer, clos- ing up to ¢ down; No. 2 red, Beptember, 6957000, closing at 705c; De- cember, 77%@7he, closing at The. CouN—Keceipts, 84,000 bu.; exports, 15,000 bu i sales, 80,000 0. futures, o spot. Spot dull, nowfual; No. 2, ATMGAToc I elovat 48)c afioat. Optious dull wt h@ e decliug wher, 314@81%c b 4c; No. Chicago, 824c: No. 8, 81ci No. 8 white,” 89c; mixcd western, S1@84c; white western, 88645c. Firm, ‘quiet; shipping, 70@75¢: good ce, 85U Dull, firm; state, agmmon to cl Pacific const, 19@22c. Dull. weak; wet salted New Orleans ted, 463060 [hs., Be; Texas sole 4@6tac; Buenos Ayres dry, xis dry, 21@27 1bs., 8@ 50, IN&-Cut meats, dull, steady: plekled bellies, 121hs,, 11%¢; plekled shoulders, 6%c fokled hums, 104@115c; middles, nominal: ard, weaker) western bid; sale tlerces at $8.60; options sales, 760 tierces at #5.50 for September, and $5.80 for October; spot closing at 8.60; October, $8.40, nominal 'ork, quiet, firm; new mess, 4.504215.00, m, falr demand; western dairy, n creamery, 10@22c; western 1 Elgins, 22¢. . aquie I8 Blnll'l. tendy tern fresh, 164 16¢ lee, receipts, 4,200 pkgs.: seconds, per case, $2.60 piALLOW—Quiet, firm; clty (82 per pkg.), 4%c TTONSEED O1—Dull, steady; crude, 350 87¢: yellow, 43¢ PETROLEUM Quiet, steady; crude In bbls, Washington, #4.85: Washington in bhulk, $2.36¢ refined New Y Baltimore, 5.10; Pii in hulk, $2.60, RosIN-—Dull, 0@ 97 40, ENTINE-Qulot, stoady; 2614@26c, Quiet, steady’; domestic, fair to extra, LAl e LASSES New Orlenns, open kottle, good 80305 ¢; dull, steady. 1i; fair Tefining, 8ic; : refined, firm, fair 5 Philadelphia and wdoiphin and Buitimore asy; strained, common to RICE 2H@6He; Japh M i je; mould A, 63 standurd A, 5 8-16@b%c; confec- ners A, b 1-16bc; cut loaf, ba@h 13-16¢; stied, 5%@b 18-16¢: powdered, b 7-16G55%¢ granulated, 6 3-16@b1c; cubes, & 7-16a05 3¢, 0D 1746 ToN—-Dull, steady; Americun, §12 5.50, Correr—Steady: luke, $9.65. LeAn Quiot; domestic, $3.30. TiN DUIL; Straits, $18.40; plates, quiet, Dull; donestic, $3.85, St. Louis Markets. ST, Louls, Aug. 12.—FLour—In better fo g with wheat AWViEAT— Declined early for no known cause, allivd and closed with a net gain of e on cenfidence In batter financial situation; No. 2 d, cash, 60!y August, H9%c: September, 2¢; October, 64%c: December, 704%¢, Cony - Higher with wheat; No. 2 mixed, September, 8614 sh, 241403 September, S41@24 e, No truding. BARLEY- o trading. Burrer —Higher: soparator creamery, 22@ 24¢: choico dalry, 21@22¢. l1e. AD—Stronger at $3.0244, TER-—-Qulet at $8.7 VISTONS - Quie pork, new, rd, 87.8714 tmeats, ' loose Iders, $7; longg and ribs, $7.85: shorts, xed, 15c more; bacon, packed shoulders, DOGR.75; longs and ribs, $8.87%; shorts, 7145 hans, unchanged. RECED lour, 2000 sacks: 060 bu.; corn, 71,000 bu.; oats, 2! and barley none. SniesENTS-—Flour, 5,000 sack 000 bu.; ‘corn, 52,000 bu.: onts, and barley none. Kunsax Clty Markets, KANSAS 1Ty, — WHEAT—15@1 e No. 2 red, 560 cash, 341 Do ) OA niber, August, whoat, 97,- ,000 bu.; rye wheat, 11,- 00 bu'; rye hizher; No. 2 hard, 54@54iie; 57¢. ry—Quiet; No. 2 white, 31¢; No. 2 mixed, wer; No. 2, 21@22¢; No. 2 white, 25 BurTER—Weuk; ereamory, 16@19¢; dairy, 15 @18c. at 9c. eady, unchanzed; timothy, 87.00@ 8.00; prairie, ¥1.50415.50, potEeEnes—Wheat, 19,000 bu.; - corn, 12,000 ) lone. HIPMENTS —Wheat, 7,000 bu.; corn, 20,000 bu.; outs, none. New York bry G NEW Youk, dry goods tril ds Market. Aug 12.—The situation in the hows further improvement ns reg confidence und the near outlook. Stocks are cared for by the curtailment of production. and there is more present demand ollections are still 11, b is ousicr and likely to come in fuste 1t is thought that next week may witness more readingss o take goods. .Spot”trade 13 very light. The worst seoms to bo over, and any. chunge must be for an improvement. Liverpool Market Liverroor, Aug. 12.—Wnear—Steady, de- mand poor; lolders offer moderately: No. 1 California,’ bs 91:d@5s 10134 per ceit western spring, 55 710@5s 815d per cental, Conn—steady, demand moderate; west- ern, 45 2d per BACON— , 45 1bs., 525 per cental, tern, 43s 6d per contal. Colleo Murket, NEW YORK, Aug. 12.—Outions opened irreg- ulir, 20 “points down to 20 points closed steady, 5 points to 20 points sules, 19,750° bugs including: August, #14.85; September, #15.00215.05; October, 14,9501 Novembe #14.95: December, $1480@14.90; Junuary, $14.65014.75; May, 814.20014.25, Spot Rio, dull; No. 7, $16. Clncimnanti Murkets, 2(‘INFI\.'.A1'I,A\1;; 12.—~WneAT -Stronger; No. o rm; No. 2 mixed, 45¢, OaTs —Stronz; No. 2 mixed, 26¢. Whisky—Steady; #1.1 ug Recolpts 1bs.: this week, 168,000 1bs, Shipments toduy, 11,000 Ibs.; this weok, 127,000 Ibs. Market nominal; quotations unchanged, except un- washed f3¢ lower at 2 today. 15,000 0 Market. WieAT—Strong; No. Baltimore ¢ BALTIMORE, August August, and steady; No. 2 western, new, 453¢. Cotton Murket. New Omceaxs, Aug. 12 bales: August tures, sten $7.07_Did; S #7.1707, 7.3847.39, sulos, 14,400 3 tembor, '§7.07@7.05: — Octol November, $7.28@7.29; Decembe Ol1 Murkets, LONDON, Aug, 12.—~TURPENT! 215 per cental. Financlal Notes. KANSAS Ci1y, Aug. 12.—~Clearings, 815,634 Paiis, Aug. 12.—Three per cent rentes, 98¢ 95¢ for the account. BALTIMORE, Aug, 12.—Clearings, $1,768,97 balances, $219,369. Money, 6 per cent. MesPHIS, Aug, 12.-New York exchang selllug wt 81,60 bremlum. Cloarings, $50,108; ) #24,040, RIS — OMAHA LIVE TUCK MARK Demand Clenrly Controls te at Present, RDAY, Aug, 11 ‘There never has been a time when supply and demand came nearer controlling 1i stock prices than at present. Speculation is almost entirely suspended and slaughterers 5. Law of Supply a the Tr are buying as little stock as they can got along with and, of course, paying no more for it than their nec sities compel them to. Atpresent the size of the receints is a fair index to the condition of the market. Re- ceipts for the past week, with comparisons, are us follows: Cattle, Receipts this week 8,279 Recelpts last woek 12,040 Bume week last year. .. 10,856 29,669 The course of cattle values has beon grad ually but uninterruptedly upward. Receipts for the week have falleu anout 4,000 short o1 lust weelk. and over 2,000 short of a year ago, At other markots conditions have been much the same and while receipts have boen rather lighter than anticipated, they have beeu none too light for the good of the market undor existing cireumstances, Speculative shippers have been compelled to suspena operations at least tomporarily, and whilo the dressed beef men have done about all the buying, they have needed enough cat- tle to keep prices advancing right along. Closing prices for the weak, at least on desirable killiug grades, are c to 8% higher than the close of Inst week. Butchers' stuff and cannes have shared in the general advance, but be- youd a little more life to the moyement there has been comparatively little improvement in the commwon and inferior grades. Trading of the Day. The. market today was active and prices firm to a shade higher than Friday. ceipts were fair ana included uberal proportion of good fat beoves both natives and rangers. All local houses wanted cattle and went righy after them. Good 1,200 to 1.400-1b. beeves sold read- ily at trom $4.15 to #4040, with fair to good 1,000 10 1,100-1b. steers ut from $3.95 to $4.15, Hogs, Sheep. 091 JAY, Fait to poor , grass ana half fat stock sold |ndmwm atd occasionally at shaded prices $.60 down to 8.8 There wore several strings of good Dakota and Wyoming grassers on the market weigh ing from 1,150 to 70 1bs, ‘I'hey met with a good demand aniin: ready salo at around .35 and #.50. 14, sas a good_lively market throughout and by Roon the ofterings had a1l left first hands. The cow markej was also active and some- what stronger, supplies being light and the demand very good. Choice to fancy cows and heifers broughit Trom $2.75 to §3.25. Fair to good butchers\oayws brought $1.85 to 82 and poor 1o fair canners §1 to $1.75. Calv At $2.25 to 350 wott wbout steady and bul and stags at §1.1595€3 showed no improve- ment. u In stockers and feeders the volume of trading was not large, but prices showed no particular change. The stringency in money matters is being felt here more perhaps than inany other branch of the trade as con- ditions were never more favorable than now - and under normal condiiions a heavy business might be expected, There is plenty of old corn in the country and o fair crop already assured Even eompared with oxisting fat cattle values, feeders are cheap. and_prospective country buyers, however, are humpered by the scarcity of cash and the trade languishes. Gooa to choice feeders are quotable at £2.70@8.00: fair to good at 2.50@2.70, and commnon stuff at $2.00@2. 50, Features of the Hog Trade. With light receipts early in_the week, hog values ruled firmor and up to Thursday there was an advance of about 20¢. The sensitive condition of the market is clearly shown by the fact that with heavy runs Eriday and Both speculators Saturday the market” broke badly and this advance was more than lost, prices toda being on an average fully a quarter lower than the close of last week. Trade journals generally are abandoning the short supply theory, and look for futuro prices to bo governed Iargely by the demand and the condition of the money market. Commenting on a decrease in packing operations in the west the pust week of about 85,000 hogs compared with a year ago, and a decrense for the season of 1,100,000 hogs, the Cincinnati Price Current says; “The decrease iu supply of hogs is due to the break in prices lust week, and to the paralyzed condition of monetary af- fairs. The moaetary influence has not become less scrious t N here- tofore, but it is more than ever interfering with the sale and disposition of stock. Cur- rency hus been so much withdrawn from trade channels that dealers as well as manu- facturers find great dificulty in prosecuting operations in the usual manner. ‘This condi- tion of affairs is a hardship to all concerned, and neces restricts business opera’ tion: “In the provision trade there has been a good shipping demand for current require-* ments and a fair movement of product is shown. This is presumably maintained chiefly by a few of the larger concerns who can command facilities which in these times are denied to the smaller packers and jobbers. At Chicago there has been some reaction from the depression last week, more notable in lard than other pro- duct. This article appears to be in urgent demand and fecls the curtailment in sluughtering operations more than other products. The corn crop toa large extent isin a critical situation at this time, and without relief by gencral rains will 'soon reach a point of ' injury beyond reparation Ordinarily such a pasition of this crop, ac- cepted promising a deficiency in yield. tends to an increased marketing of hogs for the mear future, but there are unusual conditions mnow surrounding the position which may modify'this general rule. The western farmers In'the corn belt are sup- plied with a large aantity of wheat, which is not marketable at a remunerative price, and they are more and more recognizing the relative value of this grain for feeding stock. It is undoubtedly ;safe to say that any farmer in the west who possesses or can obtain feeding stock may realize far more than current prices of this grain by judicious feeding operations. Wheat should nowhere 1n this region realize a return less than e ver bu. to the feeder.” Heavy Recelpts Canse Another Break. Receints today ‘were nearly twice as heavy ason last Sgturaay and following Friday’s heavy recewpts produced a very weak feeling,. At the opening, with fully 7,500 hogs ou sale anda restricted shipping and fresh meat devand, prices ruled 10c to 15c lower than Friday's very weak close, Bad reports from Chicago also added their depressing influence. On _the carly market good to - choico tlight and butcher weight hogs sold very lurgely at $4.060 to $4.70, while packers bought the heavy and mixed hogs mostly at $4.50 and # The movement was slow early, but when Armour of Chicago sent a big order for hogs here the situation changed, business becume lively and the _late hogs sold largely at from $4.60 to $4.75 the early decline being about regained, prices raling very ncarl close Friday. The pens were cleared in pretty good season, the bulk of the hogs selling at from #4.55 to #4.65, against from #4.05 to $4.75 Fridiy and from .80 to $4.90 on last Saturday. Sheep Still Scarce. Six doubles of nd the same as at the westerns were received. There was a moderate demand, but in mpithy with “eaustern markets the feeling was easier, although everything sold. ” Faiv to good natiy 0@ 4.00; fair to good westerns, £2.50@3,25;com- mon and stock sheep, $1 75: good to choice 40 to 100-1b. lambs, £3.00(@4.75, Receipts and Disposition of Stock. Officiul recelpts and disposition of stock as shown by the hooks of the Union Stock Yards comprny for the twerty-four hours ending at 5 o'clock p. m, August 12, 1593 TS Packing Co........ H. Hamwmond €0’ ki Co. 200/ 54 nilton & .y and focd Stook in ight. Recelpts of live stock at the four principal westorn murkets Baturday, Augpat | Catile, Hogs. South Omaha,........ 1,9 6,063 hi 1,500 14,000 Kunsas Olty. 6,300 7,300 St Louls..... 500 700 Total......... oilt 10,206 28,063 8,001 Ohleago Live Stock Market, Cnicaco, Aug., 13.—[Special Telegram to e Bee]=Therd was only s handful of ni- tives hero today- 1ot enoukh to make a cattle market. Pricés *remained nominally un- chunged thereforé. LThe feeling, however, wis weak, the prospect of larke recoipts for Monduy - muking . decline probubie, Most of the offerings They wero in al necount and oo Texans. continuod good déyignd for 10 were stoady at thid fuv inco gained earlior in e dny, e frehbocn pts were astimiuted at 1,400 head, makinge43,911 for the week, as against 57,62 for the previous week and 6 for the cogpapponding week last yoar. he day's arrlyals of s were close 14006 heag™and thor were = wbout 100 of yosterday's leavings, That 18 u pretty largo supply for the last day of the weelund It couldeson be turned over except at a further deellng In prices. Heavy welghts wero woeukost. That cluss was off fully from #5.20° (o welghts averaged 1t the close. 1t took 0 e { grades dropping to 'ho decline in light 25 being the top at good heavy hogs to bring 816, and there were fow that had the quality o sell at & higher figur Fresh recelpts were about 14,000 wnd t total for the week was 72,000, us ugulnst 85,081 lust week wnd 182,768 last year. There was an unchangéd market for sheen, but lumbs sold higher. quoted at from 1,60 10 84 wnd sales of the lntter we 3 10 8575 for infurior 1o were estimuted at 1,600, The former wel 26 for pod reholce, on i basls of from xtra. Recolpts Tug 45,785 for the u for the pro spond Y Rocelpts: " 1,400 head; calves, heud; hogs, 14,000 hénd; shcop, 1,000 Load. St. Louls Ly Marke $1. LOUIS, Aug. 12 —CATrLE—Receipts, 500 head: shipments, 1,000 head | market steady; fair to good Texans, §2.200 Hoas—Kecelpts, 700 hvud 400 nead; marker 10¢20c " lower; butchers' and good Vight, $6.80%5.65: othors, $4.80205.40. Sukkr — Recelpts, 800 head; suipments, uope; no warket. AUGU RESCUED BY A BEAR. Philadelphia Press Like most boys with outdoor tastes, there was a time in my lifo when 1 thought nothing could quite equal the glory of killing a bear. It may be in- toresting to know how 1 escaped the craving of this ambition without actual gratification. I had gone off into the woods with a party of other young fel- lows to spend the latter half of the summer vacation. We all carried Win- chester repeating riflos, and in addition I took two immense bear traps, with jaws and teeth like a shark's, It was almost as much as a person’s safety of limb was worth to set these traps, for if they went off prematurely, or the man who was adjusting the tongue lost his nerve, a leg or an arm wouldn't be worth much a second later. And, as for a coat tail, it would soon be put beyond the help of a tailor. We camped on the shore of a moun- tain lake, surrounded on allgsides by wooded hills. There was no house within ten miles, and the whistle of a locomotive, or eveu the rumble of ‘a stage conch, had never echoed from thoso solitary mountain sides. Here, if anywhere, we thought, beays ought to be plentiful. Ours was distinctively a bear-hunting party, but I was the chief enthusiast. At least, I spent more hoursof the day and night in search of the longed-for game than any of the rest. -l . One sultry day I had tramped six or eighy miles through the woods to look at my traps, and on my return to eamp folt so-wapm and uncomfortable that I decided tdTake one of the boats, row out into deep water and have a royal bath and swim. The other fellows were all up the brook, trout fishing, and I had the whole lake tomyself, I rowed out fully & mile from shore, 50 as to get that grand sensution which every ad- venturesome swimmer can appreciate of floating and diving in 100 feet depth of water. Those who dally near shore know nothing about this sensation. It is like the sensation which an eagle or hawk must have, poising and wheeling, with a mile of teensparent aiv be- tween itsclf and the carth. Great depth of water buoys a swimmer up—makes him feel as if he had water wings and could cirele, float and almost sleep on the water, as a broad-winged bird does on the air. When I got out into the deepest part of tho lake, I threw over the sharp-cor- nered stone we used for an anchor, at- tached to its 100 feet of stout cord, and proceeded to undress and make my first thrilling plunge. Down again 1 went into the clear water, till its elastic re- sistance, like a cushion, stopped my body and drove it toward the surface again. As I emerged, blowing the water from nostrils and mouth, I saw that a black stormeloud was coming up over the mountain behind the camp: but as t the sun shone fiercely from the ern sky, and I had no thought of giving up my delicious bath for a threatened thunder shower. ILdove repeatedly, floated, swam on the surface and beneath the surface, trod water and enjoyed myself in the most lurxuious fashion. = Finally 1 started and swam 100 yards or so away from the boat, with the intention of see- ing how many times I should have to come to the surface in retracing my course under water. As I came up, after v first dive, I noticed that that fresh zc which precedes a storm was be- ginning to wrinkle the lake with little waves, and deemed it best to get back to the boat us soon as possible. But I was surprised to see how much further away - the boat looked than when I first started to return to ir. Itweally seemed a quarter of a miie off now, but, supposing this to be merely an optical illusion, I swam on with leisurely strokes. thinking to reach it in a few minutes. But after I had been swimming for five minutes and the boat seemed, if anything, farther away than when I started, I began to suspect that something was wrong and forged ahead at the top of my speed. All this while the breeze was freshen- ing, the wrinkly waves were increasing to small rollers, and 1 could hear the thunder muttering and rolling over the hiils behind me. Suddenly the truth flashed across my mind, that the stone anchor which held my boat must have slipped from its loop and the boat was drifting nwu.f' from me with in- creasing speed! It was a decidedly sturtling and disagreeable sensation to say the least, Out in the middle of the lake, with one of these violent mountain storms coming on, the land a mile away from me on every side, and my boat driving off with the wind faster than I “could swim. The more I considered it, the more terribly serious the matter looked, and it was not long before I realized that, as provabilities go, thero was only about one chance in ten that [ should get out of my adventure alive. Under favorable circumstances I could have swum a mile, no doubt, but not in a . braging, driving storm. As soon as I saw that it would be im- possible for me to overtake the drifting boat, I brought myself to an upright position and began to tread water, while T took & good look around me. How my heart jumped with joy when I saw, not more than fifty' yards away, what looked like a short, thick, floatving log! It was drifting along in the same direction asthe boat, but at a much slower rate of speed, and was still to windward of me, 50 that I could easily interceptit. Istruck out with renewed courage and a heart that was lighter by a good many mental tons than it had been a few minutes previously. It did not take me long to get in ling with the dark, floating objeet, but just as | was about t0 make a spurt for it and lay hold of it something caused me to stop as suddenly as if I bad beon seized with cramps, The dark object turned out to have a head, and that head was a bear’s head, The appavently floating log was nothing less than a bear, letting the wind drift Lim across the lake, as is frequently done by these big furry fellows when they huve a long journey to make by water and feel lazy. If it had not been so terriby serious the situation would have been ridicu, lous in the extreme. At last the en- thusiastic bear hunter had come face to face with his game—but under what un- expected and discouraging cirevm- stances! The tables had been turned in such a way us to leave little doubt which would be the'game and which the hun- ter, should the bear choose to take ad- vantage of the situation. Probably fow hunters have ever been placed in such an embarrassing, not to say distressing, situation. I must either beg a ride from the bear or go to the bottom of the lake —that was pretty evident. The waves were rising, the stream was be- ginning to sweep down the moun- fain side. Still, I was naturally delicate about asking a favor from one for whom [ had two shark’s- teeth traps set in the woods and a gun loaded with fourteen successive ounces of lead, There was no time to consider the matter, however, and. really it seemed better to be clawed, chewed or even hugged to death than to be helplessly drowned. 501 swam around the bear, approsched his flank and very timidly and respectfully put out one hand and got hold of his furry hide. There was & rotesting growl on the of bruin, tut Le made no other objection to tak- ing me in tow, and for a moments we floated along very sociably together. Then the storm broke upon us with all its flarceness, and 1 actually censed to fear the bear, in the turmoil of the elemente, and drawing closer to his sheltering sides buried both hands in his long fur and hung on for dear life It was a perfect hurric#ne that burst over us The wind whipped off the brests of the waves as if they had been 80 many white hats, the lightning flashed ‘and darted all around us, and the air was torn by crash on crash of rattling thunder.* It was not long be- fore the bear was as frightened as I, and began to swim, dragging me along with him, I actually beliove he was grateful for my company in that terri- fying tumult of sky agd water, and 1 am sure I was about as tMnkful for his as a man could well be. It was impossible to | see a dozen yards ahead, but the bear | scomed to know by instinct near where st land lay, and swam steadily the n, apparently as little affected by tho waves as a ship of 300 tons burden, Oc- casionally 1 heard him snort and blow, when the wind whipped off a whitecap and tossed it squarely in his face; but he had ceased to growl at his companion in danger, though one of my hands had sought out his stub of a tail, and must have given it some painful ;\'l‘onclu-.\ as the rollers tossed me to and o, Just'as the fury of the storm was abat- ing we got into shallower water, and once in a while [ could feel my feet touch bottom, [ held on, however, until the\ shore loomed up in sight through the rain, and then cast off from the bear with an audible: “Thank you, old fellow!" and let him make his way to the land first. I saw himemerge, dripping, from the wator, climb the bunk and disappear in the woor For several minutes, however, I stood wait- ing, waist-deep in water, until the const should be safely clear. Finally I ven- tured ashore and lay down to get my breath and recover from my exhaustion, As soon as 1 felt able to walk I started, naked, for camp, around the lower end of the lake, and reached its shelter just as the other fellows drenched with their long walk through the woods, came in from trouting. [ told them my story, but they thought T was guying them and refused to believe me until next morning. 1 went out and snapped both my bear traps and buried them in the woods. Then they knew I was speaking in earnest when I said that I had made up my mind never to kill a bear unless he first tried to kill me. et s first tokens o the les. ! el G g D quarter-dollar, Tn a sermon preached at Denver last Sunday, says the New York Sun, Rev. Myron W.Reed explained that Governor Waite's “blood to the bridles” is a seriptural expression. It is a figure of speech,” he said, “and you can find it in the twentieth verse of the fourteenth chapter of the Book of Revelations.” That is 80: here is the verse referved to by Rev. Mr. Reed: | And the wine press was trodden without the city, and blood came out of the wine press, even unto tae horse bridles. A little further on, in the next chap- ter of Revelations, Rev, Myron W. Reed can find another figure of speech, which he may regard as significant: Ana the seven angels came out of the | n plagues, clothed in and white linen, and having their ts givded with golden girdles. And of the four beasfs gave unto the seven s seven golden vials. temple, having the sov pure ang Rev. Myron W. Reed}in pursuing -his observe that irded with gold, Apocalyptic studies, will the seven angels wowe® not silver: and that the vials were golden vials, not silver or bimetallic vesscls. Wo leave it to the calm and dispassion- ate imagination of the reverend gentle- man to put any interpretation he pleases upon the passage. S S e FASHION FOR MEN, The cost of the belts this season is away up compared to last year. The narrow beits in fine loather are imported und range from 2 t0 8. g ‘The black satin cravat worn with neglizee shirt and the outing suit of blue stripe gives just that quelling touch that the students of the fashions are wont to welcome. Ihe link cuff is almost indispensable in warm weather. 1t is kept away by its ampleness from the wrist, and thus lasts us long as the negligee or white shirt in the wearings. The French craze over Loie Fuller has reached the realm of neckwear, and therd are rare specimens in a delineation of the changing lights that follow the blythe American in her surpassing dance, lie tinble searfs of high aearee are made with ample bands and no lining, the weight of the rich, costly fabric suficing to achiove tho most ' artistic knottings under tho manipulation of the expert ilk of swelldom. Pigskin is the leather used in those high pricea narrow waist belts. It is an innova- tion in the line of fashionable belongings, in this form. and has proven the most sulable beltot the small widths, 1t is tanned in a shude of light tan. “The knots in some of the richer scarfs are somewhat larger, as the size of the fizurings require this modification for proper exposi- tion. The ample flowing euds in both the selftied and made-ups are the premier scarfings of their cluss. The freak element has disappeared from the category of tho turndown collar, both in the separable collars and those attached to the negligeo shirt. There were a number of very long pointed, and very highin the bi examples lust year—now happily done u with, The fancy waisteoat, for the dressy effect it lends to the summer suiting, is wo the Ly town-wear summer suit and on the hotel puazzas at the fashionable summer resorts, and at the race course, The double-breasted walsteonts are most effective with the ‘!llllll breasted sacks thut are worn open, with a deep roll of tho lapel. | INDUSTRIAL PROGIESS. Michigan | skim niilk ha enmpire. S Phaltum factures, m The for table use. recorded. | and over locity s { almoy pre entire men &t | mill I alre m anagement profit. ingland, Califorma. from miles Bakersfic towns. locks, The after metal is sin 'he adult's company to the public at the 148 intt our oil of Pepperiatan, | Artificial ivory is made from condonsed United States acreage In grain Iy greater than the entire aroa of the German Juthern Pacific locomotives will soon use for fuel Uricks made of coal dust and ase Hohemia has nearly 140,000 soparate manue than there ave in any other province in Austria, A hiveof 5,000 bods should produce fifty pounds of honey every year and multiply ten-fold in five years first forks made_in manufactured in weuled by the men of the time, who argued that the English rac when a knife and a sboon were not suficiont 1008 . Last in many cities, It some little tmo to enablo people to realize that not only nced the rofuse of towns and cities be not ‘wasted, but that it can actually be turned into a source of was made over 4,000,000, A distinctive progress o A gun has just Franice which, upon trial, has given most re- markable result. England were Thoire use was rid. must be degencrating year a Sheftield firm in gun-making s been tested in 1t is of 0.8 mches calibor forty-soven enormous length the wonderful initial vel ity of its project thed ¢ 4000 feet & second, surpassing all s records. It is announced from Pittsburg that the plant at the i Jones & Laughlin will be put into operation this week, giving employment to about 3,500 “Tho sheet and 1 o will also start, probable at Phillips, Nimick & Co.'s Sligo “The shut-down at the Lucas furnace, tabury, promises to be of short duration The Carnegio wire and nail milis at Boaver | Fulls vesumed last week. T'ho introduction of garbago destructor ady working a te having electric motors and creating power, will be distributed for irrization “The latest uso av tickets, and 1t must bo ¢ aly adupted for the purpose. A Michigan street railway has just made its issie of these v s attreibuted fect long. o this This ve. phengmenal figure of on and stoel works of mmermills of Brown sottloment is soon revolution in municny lns takon very considerablo A destructor 1 the town of Widios, @enerates plant capable of lighting the wwn hall, mar- ket, free library, technical schools and part of the street lamps, An ambitious canal project is on foot in The scheme is to construct o monster ship canal, estimated at §10,004 heat for an eclectrio the cost of which is 0. ‘The main canal uisun bay to Tulare lake will be 175 long: from the lake it will extend to 1, Kern county, a total distanco from its mouth of 220 miles; and from point branches will run to many important this water from its great been used for driving for aluminum is for street ded that the light and ornamen which are about the size of a silver One is round, for the ordi- ary fare: the other oc al for children® ticket is sold by the railroaa ate of six for aquarter and the child’s ticket at the rate of ten for a quarter. allow The company docs not its employes, either conductors or motormen, to sell the tickets to the public but disposes of them eral storekeepers who sively. Fov the la been ant st eight years extravag For a period of nearly one year there w | daily v 1y in §10 lots to the sov- handle them exclu- natural gas has _ foolishly wasted, = a and to in the stite of Indiana alono of | more than 100,000,000 cubic feot. The daily loss to the peoplo of Indiana on account of this enormous waste stimated that in the Indiana ficld t coal in stoves, Iris be livered in the £3.25 per ton, ment to u: ural It is not. rt that the cash gas wasted in covery would bo more than an; more than $10,000. ).000 cubic feet of gas is equal toa ton of the or furnaces. Coal do- a gas flelds s worth n extravagant state- value of nat- Indiana since its dis- 0,000,000—an amount greater by far than the total capital invested in these flelds on account of cheap fuel. An unusual method of making wheels for cars has been way men. rel rec ntly_brought bofore Wherever " it is desired to h ble wheels, steel tires are almost ur aile ve versally used, with paper, wrought or cast iron centers. cheapest form of any as regards Cn st iron centers are the first cost, but it is ratherdiMcult to form a good connecs tion be ween the tive and the ce Lter. In the pew mothod of manufacture a stock of tires is made up complete. center of the wheel ur o for placing the tir as to form a part of it a sy ‘The molds for the then cut up, leaving in the mold so The mold is next opened and the tire, heated to a red heat, is placed in posit ion, The mold 18 then closed and the molten metal for the center immo- The result is said to be a diately poured pr in. perfect u union, forming a solid wheel which has the advantage of a durable steel rim and a cheap body. A rather unusual method of putting in foundations w Brooklyn, N large erected quito on be built around power house clo: adopted last winter in i the construction of & The station is belng to the Wallabout canal, location so wet that a Yiles were driven Lo se- sure a good foundation, and cut off at the proper height, Then a lowered steampipe were within the inclosure so that it could be kept by forcing steam The stone, sand and c from them zing number of coils of into tho wa through ment formin t the concrete wero heated before mixing an poured down a funnel, techuically known s a tremio, before they cooled. This funnel delivered the concrete directly on the spob where it was to be used, the coffer-dam_ pro- v cement, and ited any cur would have a tendency to W steam th ents in the wator which h away the in the steam coils prevented the water from becoming (0o cold, SOUTI OMAILA. Union Stock Yards Company, South Omahas Best Cattle Ho and $haap markatin the wan €07th Umaha—Telephons 1151, - Jony WALTER 15 WO0D, COMMISSID | W0U3E3. Wood Brothas, Live §tosk Cowumlsslon Marchunts. Chloan DADISMAN. | Managore Market reports by mall and wire cheerful™ turnished upon uppli atlon, MAHA Manufacturers « Jobbers Directory BAGS & TWINES | TENTS, ETC.: “Bemis Omaha Bag [Omaba Tent-Awiing I COMPANY. COMPANY. joTters and o of tlour twine. BOOTS AND SHOES. i Morse-Coe Shos Company. Salosr 00m and OMce ~1107-110)- 1111 Ho varl it Factory —1119-1121-112) 1o vard St. We are the ONLY Manufasturers of Buotsanl | e Al s of Nobrasks . HAK aral Invitation is exten1sd to all to lnspoct | our new factory. Kirkendall, Jones & Amer, Hand-bewed T T DRY GOODS. stz M. E. Smih & Co. 1Kilpalriclfi-l&och bry GOODS €O, gents' furnish: | or. Hth aad HORSE COVERS. 111 Farnam St Dry goods nlshiog Koods cornor ~ FURNITURE _ 1" Omaha[phulslenngi‘ Beses & Runyan COMPANY. Upholstered furaiture. | FURNITURE COMPANY §Il2-1104° Nicholas st Wholesale only. wad 1otk Stros HARDWARE. S ifarney Stracts Rector & Wilhely COMPANY. | Corner 10th aud Jackaon BLreots. | ~ HATS, ETC. W. A, L. Gibboa & Co Wholowle Hinte. caps, siraw goods, 1A Lobeck & Linn, a-n 10 hardware anl Nanles’ tols 44 Douglas Streot, | IRON WORKS, Omaha Sale and [ron WOUKS, vnult COMMISSION. " Branch & Kkiads, oyste Co. frults of all | LUMBER, _ Joho A Wakefleld, tmportsa. American Porte )] land ocment Milwa Kot coment wind Quinoy white iiuo o uauofis. Frick & Herbert, Wholessle liquor dealers 1001 Faroam St 3 PAPER. L Carpenter Paper Co Carry # full printiagl wrap writlng paper papers, ok, Look | BTOVE REPAIRS Omana Stove Repair WOURKS. Slove repairs sod wator sttachiments for uny kind of sove made. 17 Dougias at, Standard 0il Co, #~ Hefined and lubricating Olls, wxle greass, sie. —