Omaha Daily Bee Newspaper, March 4, 1894, Page 15

THI" ()\TA]IA DAIL Y 1894 ~TWENTY PAGES. CONDITION OF OMAHA'S TRADE Jobhers Bogin to Experience the Sweets of Hopes Fulfilled, LAST WEEK'S BUSINESS WAS VERY GOOD All Lines ent While Ing Is Decided Tmprov fors Sy th of Last Year's nt Boom. Report Manyal Open- Al IHlsy for hope."" A great patriot safd, “It is natural man to indulge in the illusions of After a period of continued depression men would be than human If the smallest ray of sunshine did not seem magnified into a noonday blaze. The jobbers of Omaha are Just now ding the commercial horizon through rainbow tinted glasses, but in the light of the changes of the past six days thelr enthusiasm is not only pardonable but entirely commendable For several weeks past pressed the opinion that March the of would large sure i mant conditions mparative There has been a steady improvement in the Jobbing trade that promised to eventually develop Into active bi But the of the K past has exceeded the most san guine ations. It scems to be the first nuine awakening of the spring trade, and all lines of business have felt the influence in a greater or less degree. The jobbers have experienced a genuine rush of orders and most of them have had all the business they could well attend to during the entirc week. Much of this fmprovement cribed to the habit posse Omaha business man of studying the con ditions of his trade and looking for some means whereby he can turn even his mis fortunes to account. Some time ago some of the leading local jobbers thought they could see a way to make capijal out of the de- pressed condition of the trade. They sur mised that under the present condition many retailors who had been accustomed to £0 to Chicago or New York after their spring goods would be more favorably disposed toward the home market, where they could buy with equal advantage and without the expense of a protracted trip. All that was necessary was to convince them that Om, could supply their wants fust o torily as the larger jobbing points, and for the pust thirty days the Omaha jobbers have been working assiduously to that end COUNTRY BUYERS COMING That their ideas were founded on wise poliey is now becoming apparent. As soon as the pleasant weather appeared the coun- try merchants began to make thoir appear- ance, and as a result the house trade during the ‘week has excceded all expectations Whilo 1t Is true that orders are still more conservative than usual, the ageregate of trade is in no wise diminished. The retaller who bought $4,000 worth of goods last year may not’ buy over half that amount this year, but consumers are sufficiently nume ous to make up the deficiency. They are buying closer, not because they expect to do’less business this year than last, but be- cause they belleve it good policy to prefer buying a little less than they need and com- ing back to fill up their lines later in the season than to be left with a quantity of un- s0ld goods on their hands, as they have been in previous years. This poliey cannot but benefit the trade in the end and it Is be- lieved will cause the spring business to hold up strong toward the end of the season That the jobbers are enthusiastic over the prospect goes without say It some of them are disposed to gild the situation some- what too freely they should be pardoned They are up to their necks in business and tho sensation is so novel that almost any exuberance of enthusiasm is excusable. There are fwo or three houses in the city that do not hesitate to claim that their trade during tho past week was even in excess of the boom with which the spring business started out last year. This may be due to the f that they have branched out into additional territory and have made a more united effort to bring trade to the city. The improvement 18 most moticeable In the dry goods line, although the boot and shoe jobbers have also been fayored with a trade that has exceeded all expectations. The extremely low price which rule in many lines of dry goods has a tendency to attract buyers and if the present business keeps up thirty days longer there will certainly be a material advance in prices on cortain lines. The call for manufactured goods continues heavy and the local fac- tories are running to their full capacity. Spring lines of dress goods are moving off with considerable spirit and buyers are Dbeginning to do business upon a more con- fidont hasis. Groceries and hardware have also been more active, and while the improvement has not been s0 marked as in dry goods, it is enough to convince the jobbers that the spring trade will be all right 1s not so much confined to staple groceri as It has been, and canned goods and other fancy lines which have been very dull ali the season are coming into general demand. JOBBERS WORKING IN UNISON. It 1s a fact worthy of note that the Omaha Jobbers are closer together this spring than they have ever been before in the history of tho city. There is a generalitendency to bury competitive differences and work together to build up the local market. *Almost any day leading jobbers may be seen visiting the es- tablishments of their competitors and dis cussing with them ways and means for got- ting together and working up a boom for Omaha trade. The lesson of the past season has taught that the necessity for united action was imperative and it has been well heeded. a prominent dealer expressed it, “We are daing something today that we have never done Tofore. We are standing shoul- der to shoulder for Omaha against the world and [ believe that this in itself means a new ora of prosperity for the Jobbing trade of the city.” The local bank fmprovement of the weelk. the clearings of the cor last year has been reduced from 49.3 per cent to 20.3, and this record is equaled by n other city in the west. The clearing house receipts for the past six days Monday uesdiy Wednesday Thursday Friday Saturday . The Bee ox- the beginning of pring sunshine vaken has and advent the dor- activity. ina me Mo o siness. record expec be as- »d by the average may IN, clearings also reflect the The decrease from onding week in 0399831 1,060,080.01 otal AS DUN SEES IT. Some Timely Suggestions as to How O Trade Muy Bo Extende Mr. W. H. Roberson, local manager of R. G. Dun & Co's. mercantile agency, discuss- Ing trade matters, says 1 think the week shows provement all around, whole was not all that was expeeted by all lines of (rade. Stocks in all the country stores are so low that hand to mouth buying cannot much louger continue. This probably explains why the jobbers' bureau of the Commercial ¢lub has recelved from fitteen to twenty notices a day from country merchants that they will accept the invitation of the Jobbers to come into the city on a shopping trip. At the banks there Js moro actlvity than as heen observed since the first of the year. The statements to the comptroller will be out this woek and will show from 41 to 50 por cent cash and other conditions very favorable. Deposits will show probably $1,200,000 ine » since Decembe One of the leading bankers of the city told me yes torday that within a week he had received 10r deposit from one customer $800 and from apother $300 in gold. In both cases the gold_bad earth marks and showed that it had been buried. From this elrcumstance he roasons thut the hidden money is coming to the front and he believes that If business improves the mneccssary funds will be on hand to attend to it “Another active banker states that the past week has felt mere like banking should feel than any week since last summer. He predicts that bankers will be seeking borrowers within ten days. overthe times continue to be hard, prices on all commodities are low, work Is searce, capital is imactive. The farmers' a distinct im- though February as a The demand | "a rival products 1ike wheat, are feeling the depr natural way, ““The favorable weather of the week has already stimulated spring shopping, and re- tail dealers are encouraged to hope for a better trade during March than any other time since fall A leading car house, for Instance, has had the hest week In a year. The city authorities appear to appreciate the importance of providing for public works at th earllest possible moment, and ars bending thelr energies In that direction Just as soon as the weather will permit considerable amount of work will be under~ taken, and skilled mechanics as well as day laborers will be in better demand at remu- nerative wages. While I can see no reason for good trade or a rapid reaction before summer, I am encouraged by the conditions presented for & moderate activity in all ine: corn, pork and cattle ing effect In the most OR A NEW JOBBING HOUSE. “At the Commercial club, where business men congregate and discuss the situation in- formally from day to day, there have be three or four topies uppermost. The im portance of securing additional dry goods houses is appreclated by all, and the trade is generally of the opinfon that any reasonable sacrifice can profitably be made In order to bulld up the dry goods department. The two excellent houses already here are doing a good business in the face of the very sharp competition of St. Joseph, which is represented here by three sample rooms The fact that they have placed their agents in this city I8 positive proof that they ap prociate the fmportance of handling trade from this point, but, representing houses in city, they naturally make no t to assist other branches of jobbing. Their money goes to St. Joseph, and as far as it lies in their way to do It they naturally nd their trade to St. Joseph. This is not at all digereditable to bur sister ecity, but It I8 cause for reflection among our own busi- nie and ought to stimulate the de- termination to strengthen Omaha as a d goods market. “A loan broker in this city who keeps well in touch with financial conditions expresses some concern over the fact that several leading loan companies aré withdrawing their agencies from this state, This is not done because the character of loans offered is not satisfactory, but because the number of desirable loans presented is not sufficient to warrant main ning organization here. This broker fears we shall find it difficult to secure money from trust companies on ac- count of this action. Howeve I am dis- posed to take a more favorable view of the situation. No state In the union has made a better record than Nebraska with the legitimate investment companies, and no city in the union has been less affected by wild- cat loans. There is now a glut of money in New York. Money on call this last week has been as low as 1 per cent and single name paper was offered for six months at 4 and 4% per cent. The cities and states in which borrowers have paid their interest in times past are the cities and states that will be sought when loan com- panies are again actively in the field for horrowers. The places of the companies which leave us will soon be taken by repre- sentatives of others or if not by reprosenta- tives directly conneeted with t! - castern es. tablishments, the loans will be made through our own active brokers. One loan broker, who s very successful, reports the t'de al- ready turning toward this city and although his concern is not a large one he boasts of receiving $10,000 to be placed upon Ox property in the past week. This is mer a straw, but it dstinetly marks the course of the current. - “An active representativ who are pushing forward the union depot enterprise told me on the street yesterday that he believed this undertaking would be hape to propose to the public within ten One of the representatives of the canal cheme is hopeful that within two weeks they can show $230,000 actually guarantebd as a basis on which to caleulate for the future of this project. By the 30th of the month it will be known definitely whether or not our enterprising citizens have suc- ceeded in their efforts to induce a large dry 00ds house to remove to this eity. HELP EXISTING FIRMS “Perhaps it is proper to call attention to the importance of looking well after the in- dustries already established here. Some of them are struggling under loads which seri- ously hinder their development. A littlo judicious assistance would be profitable, not alone to the institutions alded, but to the public spirited citizens who might tender the ald. T recall the statement that oné of our strongest mational banks had all its stock ubscribed in about fifteen minutes, and am also informed that this bank has never paid to exceed 8 per cent in annual dividends. It would scem, therefore, that any business enterprise which can show positively that it arns 10 per cent ought to be able to inter- local capital without much trouble. A large dry goods house, for instance, would pay more than 8 per cent, and why cannot local funds be found to forward the city's interests in this direction? I was much in- terested in a letter which a manufacturer sent me last week, commenting upon the re- marks made in this review a week ago with reference to a bureau of -promotion in the Commercial club, A year ago this man was carrying a tremendous load of indebtedness and he could not see his way clear to pull through without help. He was a customer of onc of the banks suspended last summer, and when the distressing times struck the city he was without his usual bank ac- commodations, although he owed the sus- pended institution a considerable sum of money. He appealed to two or three other banks, and endeavored to borrow the small sum of $500 in order to pay for ma terial which must go into the article which he manufactured before contracts could be fulfilled. He had a cortificate of deposit in a solvent bank and good notes, amounting together to $1,700, but was unable to interest anybody in this city in extending him the ccommodation. As a consequence he fell back on an old friend in a country bank ana obt od his mone He later on discounted his ertificate of deposit for its face and cashed his notes without discount. This individual has pulled himself through th hard times and is now on his feet, but he feels that if a bureau of promotion, com 1 of conservative but wideawake citl- had been In active operation last sum- he could have been saved the humilia- tion of going out of his own eity fo borrow money enough to keep his manufactory in operation and pay wages to his employes. Ho calls attention to a neighbor institution which is now in about the same condition, but which, being without satisfactory col. lateral, cannot induce anybody in the city to render’ it absistance. In consequence the factory lies idle. Tts owners are losing money, and those who should be employed by it at wages are doing nothing. These aro mere hints which are offered to the reader for what they are worth. WOULD BE A WINNER. % “A bureau such as is above indicated would shortly win for itself a place in the confidence of some of our wealthiest citizens and within a_year this bureau would find capital at its back to be invested wherever, in the opinion of its members, a fair return could be counted upon for it. I noticed the other day that the estate of one of our old citizens was about to be settled and its assets reached a half million, of which $100,000 was cash in bank. This s probm- bly ‘no exception and no doubt there are other wealthy men in this city who are fully as ousy for cash as this estate. One hundred thousand dollars in bank, even if it Is In a savings bank, I8 mot paying anything like the roturn which should follow judicious investment in business enterprises in Omaha. The month of March is the only month left for us to make preparations for spring and summer business and this fact must be my excuse for devoting so much attention for what seems to me to be an important matter for the conslderation of every eitizen.” Mifwaukee MILWAUKEE, March unchunged : Y T Quiet and steady: No. 1 ortharn: #iger Aay and_ higher; 3 yi No. 2 white, ness of the gentlemen vnrkets. 3.~FLOUR~Quiet and spring, 1140 Bile; No. 8 ninally steady; 9%e; No. 1, 4Tise. Pork, * $1L.6: No. 3, sample RYE 1 lower; PROVISIONS—Stendy 9,300 bh Lard, Flour, wheat, 85, %,500 b, \enta-—Flour 10,000 bu. 900 bu.; 200 bbls,; wheat, 2,000 bu. barley rpool Markets March 3.—WHEAT—Steady holders offer moderatelys Migos 260° red wester Liv LIVERPOOL, mand moderate alifornia, 5s 11 18 10100758 34, CORN - Steady PROVISIONS—Beef, Pork, prime mess, Tos. Lacon, long uwnd clear, 55 Ibs., s 8d; lang clear, 45 1bs, Lard, prime western, 388 4d winter, demand moderate; mixed west- xtra Indin mess, 8is 34 short s, i CUWFR(I\I ‘\\D FIN \\(I\I, Wheat | | Was Strong at the Start but Weakened and Closed Lower, VERY MODERATE BUSINESS IM CORN Provisic Pork 8 0 an Hig d Un= and Ribs and Steady nged for Lard—Stocks and Box oh; was strong and closed at prospects of a at the opening, sales, This and sier cables with a CHICAGO, the start, lower for cold wave cau but it was met larger northwe: and the mild continuation March 3. —Wheat but weakened May. The «d bliying by free tern recolpts, ¢ and balmy weather, of the selling, caused a %e decline, May closing at the bottom. May corn is e lower, and May oats %c lower, but provisions refused to share in the weak- ness of the grain markets and closed higher all around. May wheat, which closed yesterday at 60c bid, started at n the prospects of a cold but after some active tri for a minutes, it started on a decli which lasted during the first hour and had by that time worked %e from the opening, 59%c becoming current for a mo- ment two before any noteworthy rally oceurrad. The very liberal exports of the week, amounting to 2,972,000 bu, in wheat, and flour from both coasts, did not have any more than a very transitory effect upon the at rket at the opening. The weather of the most promising character what- ever it may have in store for the future and the foreign markets still withhold encourage- ment to shippers. Liverpool was quoted quiet at %d decline in the price of futures. The northwestern receipts were from a bull point discouragingly liberal. Minneapo- lis reported 268 cars and Duluth 94, or 362 in all. A year ago these two places re- vorted 384 cars. Chicago received only 40 cars compared with 201 last year. New York wired that foreigners were sellers of wheat there at the opening and here Schwartz-Dupee and other private houses loaded with selling orders from the ide and swamped the people in unload- ing them, who were provided with orders to buy. ~W. R. Linn let go freely and among the local crowd the decline which followed a slight firmness at the opening was called “a Linn.” Trading was lively for half an hour. After recovering to on a little buying there was a réturn weakness and on the ng: plenty of sellers at 59%e, with some trans tions at 1-16ic less. The closing quotation was at the bottom figures of the day. In corn there was a very moderate”trade, no noteworthy transactions oceurring out- side of a fairly good buying by one of the houses which sold quite freely on yester- day's advance.© An easier feeling provailed and prices ruled lower. The receipts today were large and the weather fine and liberal arrivals are expected Monday and Tuesday, which, together with the action of wheat, caused prices to recede from %c to e frum the opening prices. The market afterward rallied a fraction and closed with May but e from the bottom. There was an easier feeling In oats, with a moderate trade. The decline of from Yo to 4c¢ was due mainly to s; ‘mpathy with wheat and corn, as the pressure to sell was not large. May closed at the bottom figures of the day. Provisions opened strong and higher for pork and ribs and steady and unchanged for lard on much lighter receipts of hogs at the ards than estimated. The weakness devel- oped in wheat caused a decline, with the gain at the opening lost. It was also con- tributed to on some selling of pork by one of the packing institutions and the unloading of some long stuff by Helmholz. A steady feeling was subsequently afforded the mar- ket, particularly in the interest of the pack- ing company, but there was very littie trad- ing. A littie casiness was developed shortly before the end of the session, the market closing steady, however, for pork and lard and firm for ribs. Compared with last night, May pork is 2igc higher, May lard 2%c higher and May ribs T3%c higher. Estimated receipts for Monday: Wheat, 50 cars; corn, 550 cars; oats, 250 cars; hogs, 26,000 head. The leading futures ranged as follows: “Articloa. | _Open. | High. | Wheat, No. 2 o % Ma Ma at e 60140 wave, few away or of t slump there were i 56! it 693 o2 01343 43¢ %l 3074 5734 281 st 43¢ 3694 3T4@h 283 20%@d 28 1177 ¥ 7 02% 700 6 9235 015 615 203 Pork per b1 May..... July.. | Lird, 10015y 6 074 ollows: spring, 67%c; No. 3 sp No.. 3 yellow, 2c. BanKe 3, #@se 641,97, pork, 100 1hs., per 10067, Dry salted clear sides b, shoulders . short (boxed), WHISK $1.15 81 —Distillers' finished goods, per gal., ARS-—( Tollowing loaf, unchanzed. were' the receipts and shipments s, 00 21000 00 000 Shipments 10,000 41000 135, bbls.. bu bu.. bu. DUy Bk h s a2 89,000 Produce exchange toady the butter Aull; creamery, 18G2ic; dairy, ak; strictly f New York Ma NEW YORK, March 8.—FLOUR—Recelpts, 2), 500 bbls,; exports, 19,200 bbl 8,600 PKish The early steadinoss in wheat' induced” fafr by ing of winter stralghts and spr atents, but at the close the demand fell off and the niarket weakened: city mills patents, $1.1364.35; wintor pitents, $8.356G0.607 city mills_clears winter ' strafghts, $3.60a8.95, winte batkers, $2.2563.60 spring’ low des, $1.9002.40. Hour, Onts, R Bl On the ket was Eggs, w 1000 17,000 extras, winter 81 1o 001,857 steady; “sup Dull; state, 65G70c; Canadian, yellow western, $2.400 No. 2 Milwnukee, 6le, ~Dull; western, ' 65@70¢; slx- WHEAT: bu.; spot. 61 5-Gc red, tlonis Ipts, 6,200 bu.i exports, 0,000 10,000 bu. futurés and 11,000 bu. 2 red, in store and elevator, 0. Do 63907 ungraded 1 northern,' 6s%e. Op- opened firmer’ on steady ¢ bike in In the weekly exports and predioted th but turned weak on' hoavy selling 4 here and lower | losing ot dectine: No. 2 closed v, B3@6A 8-1ic, W05 June closed at 4xo; July, 6%, closini ‘at Blo; August closed at' 6 tember closed at 68¢; December, T1{GT1%o, ing at ‘714, CORN—Recelpts, 155,000 bu market dull; No. 3, I elevator, Options firmer with wheat, but dulled the morning and oclosed ¥ not de- March at 42%ei ADFIL closed at May, A2WGAINC, closing ub 43%e; July 250 G4atec, closing at 43y OATS- Recelpts, 2,400 bi.; exports, 1,800 bu.; sales, 10,000 bu. futures and 17,000 bu. spht. Spot ady, ‘but aull 2, delivered, 38; No. 8 364c; No. 2 white, No. 3 whit track, mixed western, 35Gase, track, white western, i @i0c; track, white stite, 3G dull, el 3e net declin My, ‘i iedige, HAY—Firm; afloat, iie in eleva lwllh( at clos- 5'13-160) clos 2,000 bu futures Spot wiloat during cline 10 shippin & t Quiet; stat Ant, to cholee, arket ugate; holders 2 uil; . 46 1bs. to b, AQic Texas dry Steady Jght ta heav PROVISIONS- oo, extra $00; bedf Indla - mess, - $18.00 pickled beliles, 67 @6 Gc: pickled hams, 9%G3 western steam closed at 7 W Orleans s selected, W dry, 20 1bs 30 1. e Hemlock Huenos welghts, 1@l Tamily hams, $16.50 0. Cut meats, easy pickled whoulder Lard nominal; $12. City 1,00 March, nuUT 11e1 1S 164 19¢ 1% Taltir bulk ISIN RIC) Japan, MO SUC trifup 3 11-16 No, 115674 tioner crushed lated Cattl on celpt 10,0 13 about at fu fone argel rt th activel yostords 100 1bs. and The sheep of frc the la Recel| for this weel ad; Ighor good Texan HOC head; prime orted HI: all s lambs, BUTTER. the d, and bice not strictly fresh of_fan. 18c; extra standard icots, NUT nut 1o Erown samo Taso; ¢ CABBAG] try are flled LERY. CRL SW stock, GRIo salsity, onions, 0 APP] marke ing_to considerable Cape 6. CAL ing in_good condition ing. 11 box lots, second TR on the market BANANAS—Prices bunch, mediu Y 004, OFA idus, GRAPE FRUTY MIN ceipts openin the closing yes after for sa futur tuntio July, north QL a week. Recs than means large week roukh and th May above when been very sell th provic crops have tont while were g ST, quoti WH nervous and terday’ May COR mixed, T May, FLA OL HAY ST, ment LON today ¢ I 1 ‘thare nominal 5.0 mess, $ "0 o190 TIR—Woaker airy, 13717 rmcreamery : westorn factory Elgins, Imitation ereamery, atat atate croamery . B8 amall May Por prime, 813,000 family n Philadetphia 2 itimore, in | Quiet; stralnal ¢ NE- Quiet; dome 4@ i ! mmon to good, $1.10 | dtendy: 21 B tie, fulf to extra LA TRON—Dull; PER AD--Qui Nominai Ameriean, $2.10, minal, n al way of small Jots n bils., erude, prim oL low JAR-Raw, 1, 96 test White, 357 frm; fair ¢ 3 d-16c; sl i3-16@ ¢} No. 0, 9, 1 0-16 tining, 21 none; %@ 15-1 1), vefin @3 13-160; c; No, 11 163 3 11-160; off A, '8 11605 standard . 4144 5-1 pow i1 510 Toaf, 11110 1118 + granu- @t 71 CHICAGO LIV 0 Recelpts for the Week Much Lighter Than Usual. ICAGO, Mareh T 4 foot up about 45,500 head, head less than for the prey less than a year ago. 1 1,000 head, and everything was pick 11 prices, though thers 1 weak un: to the market by ro the prosp y_ Increased of rriv rns and were not on the ma celpts for today we swelllng the total for this number that has been within the last two last—the weeke en o arriv ro 203,714 head. 1y and 1 prices " than - prevailed there being an average gain of b Light hogs sold at from $4.55 from $4.75 to $5.05 was paid for I were principally at from $.90 to $5.05 was a quiet and unchanged market for and lambs, the former selling on a basls om $1.75 to $.00 for inforior to_extra_nnd attor being saleable at from $2.75 to $4.25 bts were about 2,000 head, and the supply to nearly 70,000 head calyés, 100 head; ad, STOCH K's cattle r which fs nearly s week and day's run was 18 beet week to 107 reached only yonr One ling January Trado opened per ) £5.00 avy scelpts 2,000' rts: 1,000 Lead; o shipm, values * o extr 8. nts, markoet than a 0100, Receipts market active and a nic $4.00014.70; heavy pack i and_butcher welghts, light, $5.95. »AND TAM 1d; market su $1.000714. shipm el higher; rough v, $LESGL90; § 05; as- ipts, 2,000 wp, $3.10@3, head; top Market. with most of market {a slow and weak, king stock, 1g1e. recelpts consist le is very dull ns, 6@ic; turkeys, cal Produ tock 1s calers and_ the ntry, 15160 | ED POULTIRY. of rough stoclo and ally on turkeys. > Chicke nd duckss w1 UTRY—Thérex1s some call for choleo dealers have no dificulty in -Qling od stock 45 quotable nt baoe. Phe receipts mewhat more liberal is o moderté call for good stock; , g00d Is, 6@Te; thin ¢ here is no clin do 15 generally dull wante pric at tic, coumulating age stock | market on with small lots i 16c; v selling white élover, California, L@ e aium, I X L, 200; “Eelects, selects, 20 1. horseshoes, Zic; extra se unts, 8 Italian_ches lish walnut. 13@lic; pe: company —Chestnuts, 120 15c; almonds, 16517c filbert ; becans, lium, 10, fulee, per_b § 13 larige, por bhL, $5.50; half bhi ., $57 half bbl., $3; clarified half Bol T—Per byl halt bbl., m : §.50G0.00; VEGETADLES, —California hand-pleked nav navy, SLT6@L&): common white Onfons are quoted on yellow onfons, in' bbls, .7 Nebraska, Iowa and Minnesotn in_small lots from store, T0c: lots, G3@6S0: Colorado, from store, lorado” lots, 1 —Orders for at 4o per Sxtrn fancy POTATOR 5,05, , $1.9032.00; beans, orders at A potatoe: in car ‘abbage from the coun- . California, 60c@$1.00. he supply is fair; good Spinach,per bbl., $2.50; radishes, per doz. ; per ‘cucumbers. of 2y 0aLc; i rrots, pe o; wats . per lorida tmatoes, per 6-Ib. crate, FRUITS. L are but few apples on ot” and de 13 largely going Fancy westerns, §2.25 per hox, RRTESMuch of the stock 18 becom- 00 foft for shipment, but there demand for standard Cod, per bbL, $6; bell and bugle, IFORNIA OF ordot., 350 of lotiuce, “por 51.50; plant, the to and the trade Is Increas- dlings, regular sizes, side Washington navels lings, regular sizes, $2.3) small sizes, small_sizes in 10- $1.90; Redland navels, $2.7; Riverside s, sizes 530 to 30, $1.80G2 00, AWBERRIES—Tho Florlda berrles are now at 8i@dle per quart. TROPICAL FRUITS. remain about steady; @2.30; per bunch, small 3 8; Riverside se por , lary & n, 10N $3.00; Mossinas, lots, fancy, 23.00. Floridas, cholee, $3.50; cholee Flor- Minneape NEAPOLIS, March 's whent were 208 cars; shipments, 20 cars, was very aulet at about the price of rday, Prices advanced a fraction tthere was more wheat oftercd than 'the demand catled for, Prices of wd about e, followed by 1ight fhic- closing at: March, e, O track No. 1 [ 2 norther was in'local supplies of ¢ the re- The i the e start, | ns, ipts the in th provious country were reported Week, but they ccelpts. The arrivals for the past e and_amounted to 17100 b o ‘Wheat Tlas beon sold by coun: mpanies, 1t Is expeotod the. re ulto full next’ woek. There Is o sell for cash ‘Wheit ahove tho co, Tanging about 2o above for track i e when switched to. the @ promilim on cash wheat above May his it a premium on Murch also above Mi o prégent month (odiy sold 1¢ Above Uh price. Track prices were also about Jaie July. It 18 exneged thero will ho . d¢ In” country oleyd(F supplies this ik the fgures are cdmiled. The weathe e, and wheth any ono had. g moving 1t ho farmors loy, flax, rye o the NIEOE whoat: ' 1w fow eported tat s Tiie beoding Hax p cold large Ly n we emium how wa¥e s expected ATency to put in spring Mills, it 1 supposed n slightly. Qbove i lls are running o full Whil SUIL have some' surplus Ales were reported at from $3.40 to 1,50, some millers were asking $4.65. Jakors: quoted at from $1:74-t0 §1.40, it LOUIE b1y ol TAT UR—Weak, but not the start, beins also L iBsing Kaigh helow ves s fin 2 N 2ired, cash, bIW@Ye; N i ..,,»r? e s, Wio! B et ana Mareh, 20%c; cast unchihged 3 east track, XSRID-31. 80 VIER SERD- Unchanged; side Unchdnged; prime ) $8.000010.00. cholce timathy Uncl Lower; LUt quiet d. prime steam, Pork, stan §. Dry and_ribs Bacon Tl wheat bu ) bl 9,000 b, J 16,000 bu, ; bu. ; NTS 115,00 165,000 M orn, oals, rhot. March 3,—WOOL fair; prices unchapgs DON.” Mareh 3.—At the wool 1,460 Lales were offered and LOUILS offerings w wis netly Rumnn w The pur for STOCKS AND BON Gen Tend Towa YORK, of a brief ral ey In See 1 Higher ¥ Mareh 3 period NEW ton o'eloc the stock general ¢ The volume of business, and the speculation feature. Rumor abandoned thelr avocation was practically loft Innm-u. > of good or evil rop! W about market lency was strong was howe was mongers without had itself, DS, curitios ith halt tod; ver, d the the without Was excep- 10 past when a fractional reaction occurred, ¢ and the toward higher was light important for prices. once market the A desire on the part of the shorts to cover their lines which they unprotected over Sunday motive of the purchasin sent prices upward. Ther wa rocorded 15 per % per cen ctive and of the day. moved up Was mo; advanco Electrl per cent dustrials’ being trifling. The cept Northwestern, participat the rise. Rock Island and Cl ton & Quincy advanced 1 % per cent. Baltimor an advance of 1% per closed st day. The movement for sulted generally in the higher range of values, vances being National St Pullman and Richmond 4 per cent; General Electric, Chicago, Burlington” & Quincy, St. Paul, 81 per cent; St per cent; Rock Is western, 13 per cent. The railway and ket was firm throughout the da The Evening Post says the reh, per ‘erminal That s the movement, was 1t cent t and the improvement in the other grange 1 lar cago, cent & The weok 4‘&!.|Ml>h|nvm principal 1% b pr 3% per o very buying for the long account and the foref houses were not trading to any extent g ( did not care to leave leading which little &0 Sugar Lest neral Lead % in ex- ly in Burling- and St Ohio \»,‘m, ng at about the best figures of the has of a ad it 31 per cent; Paul preferr nd, 2% per cent; North- ay. the 1, 118 miscellancous bond mar- Dbetter feeling had by no means vanished with yes- terday vidence. than ha especially higher. Business was agal laely been the rul for the granger The stock market s market reaction, today's market more and prices, n stock is often as active closed a liarbinger of industrial conditions generally, and it would not be rash to surmjse that the same conditions are now in namely, t co! at we have at “bottom” and that on the economy there is a chance profitable activity for ast new rorevi basis beginning to rule the outside business world, a conviction, touched of od and fhe following are the closing quotations on .ae leading stocks of the New York exchange coday: Atehison Adums EXpross. Alton, T. H do ptd Grthen: 150 Pac. 2136/, rthwe do pfd e W Pactiic il P.D. & G stern Central &N Ontario & W 13 Oregon 1754 Oregon 183" |0, 8. T Chicigo Alton .. y Kig Pacific M C.B.&Q it Colo. Coal & 1 Cotton Ofl Ce Del. Hudson Del, Lac nid Rock I8l 4/st. Paul 163| do pfd Fort Wayno. 150 St P. & . Northiern bfd.. 1013 do’ pfd & SE L 3 Southern Hocking Valleyl. 974 Sugar Re T Central 1k Tenn. Co St P. & Duluthi Like I o pld ) W 521 do 31 W T Loutsville &N Louisville & N. Manhattan ¢ | do pra resr 14| D. & R, G = Linsi L&l Mobile & Ohfo. ... shville Chat..| Nuion Corda do pfd... Centrai A &W.pfd 03| T S, orth Am. Co..... 4 | do pfd i A &N, L & K.C.. I il ind St P finery AL g N nmi I The range of prices ©2., Board of Trade hall, 18 ay follo : CaRig| Northwostern. || Mo, Pacitic. . Paciic com.” SRR Roelk Talnd.. ! Western Unfon. . nar Trust angland. . The shares, \ingto Cattle Louisville Rock Island, Union, 1,400, N NEW YORK, YRt LT PRIME M, conty STRRLI Disinese In paAtecal and_at $1L.8TG4.87% for $1.8715@1.80; commercial SILVER CERTIFICATE GOVERNMENT BONDS total sales Includin 1,500; sw York Moncy Ma Mareh 3. Hixt B TONE PAPE Dull, Bl Tt Sb et v duys; $4.85%, 74,50 no saies, bills, N rices as reported by Wi 47 [10434 104 were 500 rket, Y ON R Staty, The closing quotations on bonds 117N, W. Dol 1173 |SUL.& 1 48 rog.,.ioo 112 48 ot 114 |8k P, Cor i St P. O, TP L (DL G " Giion. Bi West Sho R. G. W, Atelison Atelison 2 I, &S, i st 450 Missourk 6w o, new set s 1 HOW Bet 8. 10214 Cen. Puc. D. &. ERG Mitiial Unio N3 cInt dodeter €. non. Hoston Stook Quotuti, ROSTON, March 8.—~Call louns, tme loans, 3wh ver cent. St0cics, bonds and minty AT ES T 123 Westing] Am. Sugar Hi%| o pid Lo prd 143 Boston & Albany Boston & Maine! O By & Rs e Fitehbury cim O A FAtante nival Eng 10 178 Butte & I fiie End End pfd rexdly 184 [Oncec PAI March 3. o ¢ 4ige for' the LONDO! gone into the s £48,000, BOSTON, ances, $1.410,815; ances,, $11, 244,757 PHILADELIHIA, March 3 80; balunces, $1.73,350; for the valinces March 8.—The Bank of amot March 3 tor s ol the W CINCINNATI, March .— Mor cont. New York exchunge Clearings, §2,119,8%; for the for the same week last year CHICAGO, March 8.—Clearin for the week, 334,449,000, cor year, $1 00 Now York ilum. Sterifng exchang HETGA88Y. Money 1 LOULS, March 3 121,267 last week year, §20,079, 632 woek, $3,424,12 last’ yoar hunge on N YORK, March 3. for it dull 160 pe arings, 315,10 Balunces last week Moncy woek, i b Clostug | Wis. Cent Allouez Mining Co, b, i 3|8, L. &S, F. 1Hols T, e i A Tenn, ol (i 1125 | Vi Centurics, rod fund... 3ok with [ire R4 it ¢ 811 | 103 {u 78,500 Hur- CALL— per actual for de- Dosted dull. 1t ts ons. Wis. Cen'tr trie 54 15ta Boston lumet & Heeld ent unt of i 4, aring AR $13 ting por Drices for rentes, cont; 9%/ Boston & Montan: 90 bullton ngland today on balance 715 bal $10,907 @i per K, $11,967,200; week I unl r U; this weok [ | ()\l AALIVE STOCK MARKETS | Roceipts at the Local Yards Show a Rather Peculiar Condition, CATTLE TRADE IS STILL VERY UNCERTAIN Dealers Continnoe to 1 is Only s the Stuft Hogs Coming in Dro Sheep Dull and ed At Last SATURDAY, t week “show with March 3 Receipts for the pa moder ate inc as Compared with cagtle and sheep or double last last considerable roase as compared week the same show week year The figures are as follows: Recoipts this woek Recoipts Ta: uary o wonths | Firat 2 montha 01 Another very unsatisfactory week cattle trade has passed into history. have not gone any lower than previous, that was hardly possible, but is about the best that can be said of trade. There has been no change either in receipts or general conditions and what is more there is no prospect of any immediate change. Killers are pursul the same hand to mouth policy necessitated by the very restricted consumptive demand and for this reason on any marked de in_ro- ceipts prices brace up, but as quickly weaken on any appearance of large or even normal supplics. There were instances of this Kind during the past week, but for the most part the market dragged along with prices at the lowest point in over three years. * Shippers have been operating to a moderate extent, but the absence of good heavy cattle and the unfavorable conditions prevailing east have made the speculative eloment very conservativ he scarcity of good heavy cattle, a very unusual circum- stance at this season of the year, is geners ally accounted for by the fact that on ac. count of the ruinously low prices for fat cattle feeders became disgusted or else could not get the usual and necessary accommos dation at the banks and marketed their stock long before maturity IT WAS DISAPPOINTING. After the active, firmer markets of the past two days, the heavy receipts and slow market today were the more keenly felt by dealers. There were considerably over 100 loads on sale, and some improvement was noticeable in the general quality of the offers ings, the proportion of pretty well fatted steers being somewhat larger than common of late. The receipts were about 800 heavier than a week ago, and more than that, much heavier than dealers were expecting. Buyers' wants were rather restricted, and as the offerings were ample they took their time Really desirable beeves, on which killers and shippers came in competition, sold steady, in some cases onger, but in most cases the market was a shade casier than Friday while common and inferior stock sold be to 10¢ lower. There was little life and no snap to the trade, but a very fair, although rather late, clearance was effceted. The cow market was also slow and weak, There were about thirty loads on sale and buyers did not rush out after them. Scllers were generally glad to get steady prices, but as a rule they had to take less. The supe bundance of cheap, common steers made cow stuft look high-priced, and this made the market rather weak. Calves sold slowly at steady to easier prices and the market for rough stock was just about steady. The stocker and feeder trade presents many peculiar features. Last fall when fat cattle were selling at good figures feeders were low and now when beef steers are down to bedrock feeders are in demand at good prices, 'or instance, a man bought some feeders here last fall at $3.25, took them home and fed them nearly six months and was offered less than $3 for the same cattle here today. There has been little change in the situation all week. Both supply and d mand have been light, but prices have been firmly held. That was the condition of the market today. Good to choice feeders are quoted_at from $3 to $2.30; fair to good at from §2. $3, and lighter, commoner grades at from 5 down. REPRESENTATIVE SALES. 011 100100 in the Prices week that the the 181500 13,0021 L...1150 19001140 100001260 2001501210 10,00 904 23000 T cows, L10i1 101) 10 1090 1036 10 2 TIRN CATTLE. WYOMING, 1 foedor 0 fooders touders Xk 8 BIG RUN OF HOGS COMMENCED. It looks very much as If the big run of hogs had commenced and it also looks as If with the increased receipts we were to have considerably lower prices. Although closing figures this week will not average much over a nickel lower than last, the general ran, has been from 10¢ to 20¢ lower The old winter packing season’ closed Wednesday 1 the Cincinnatl Price Current says anent that occasion: ‘‘The indicated total packing for the four month of the winter seasc now ended 18 about 4,850,000, compared with 4,643,000 last year. Complete final figures may change the total somewhat The present estimate lmplies an lo- whila the run of hogs has more than | | orease | hogs, with of 200,000 ght. now something over aleo fomo gain fn average we The: notable feature of the season | closed 1a the Telation. which hae existeq | between prices of hogs and of product. The | farmer has had the benefit of premium prices for his hogs inefdent to a of | short supplies, while the packer has con | stantly been contending against the tra depression which has discouraged specul. tive interest, which fact, and the sury ingly low vaulos for grain, notably wheat, have had an unfavorable influence on the provision market and prices of product have been continuously below a parity with hogs.” tliero | radual ded in o weight and age of the hogs marketod this spring, and hogs ure running fully twenty- fivo pounds Highter than two months ago, al though hardly as light a8 o year ago at this time. The following table Wil show tho monthly averago weight of hogs sold on this market for eight yoars ~Montiia soason Januar Fol March April, My Jun T Al Soptombier svember Deceinbor f i} § B tho highest wiog the month of I month in ruary last year, tho history of the yards, values advanced nearly 40c in the fir two weeks 1d that advance was all losu during the next two weeks, ‘This year there was o decline of about 80, which was faivly steady from the opet the close of tho moath, The following table shows tho average price paid for full loads of hogs oa this market during February, for the years 1857, 1888, 1880, 1800, 1801, 1503, 1803, 18¢ Fob, - 1804|1804 1800188018881 188 1 7 K1 3 064 0716 07 4 78 2 i 1800 S0 NS Sun 06440 i i 4 0 1 1 ' i i i i L. l4 ) PRICES A LITT Dealers generally were, surpr comparatively small supply much over 5,000 head were received ,000 fewer than were here on day. This clrcumstance, tog with the better tone to Chicago advi caused a rath rmer feeling at’ the open- ing and early trading was brisk and on tbe basis of a Ge to 10c advanc Shippers did nothing and speculators did next to it, but buyers for local houses were all strictly in it and at from $1.75 to $4.80 the movement was free. The supply lasted longer than buyers thought it would, and as soon as the very urgent orders had been filled the market flattened out badly, good hogs would not bring over $4.70, the early ady completely lost and the market finally closed weak with a few loads still in first hand. The trading, however, was very largely at $4.76 and $4.80, as a; $1.65 to $470 on Friday and $1.50 to $1.85 at the close last week 1IN last her in 12) 160 20 i 12) i ot PR BERTRET SHEEP DULL AND WEAK. Supplies of sheep have been fairly liberal and the market dull and weaker from day to day, but with only one fresh load received today there was a turn for the better. Local louses needed them and bought them readily good, strong prices. Fair to good natlyes are’ quotable at $2.75@3.25; fair to good westerns, $2. ""l 3.10; com on and stock sheep, $1.50002.15; good to choice 40 to 100-1b, lambs, $250@3.75. Representative sal No. Wt p oY i AND) 80 450 20 nativo ewos... 135 native lambs Recolpts and Disposition of Stock. Ofmetul receipts and diposition of stock us shown by the books of the Union Stock Yards company £0r the twenty-four hours ending at 5 o'clocl Mareh 8, 1594 RECEI TEATTLE, | e [HONSES & TS, Hoad (Cars. [ ead| Cars. | Hoad | Cars, 1l DISPOSITION, CATTIE, Cars, It To1ll: Omaha Packiug Co. 3 The G, 1, Hammond €0, Swift & Co h The Cudichy Pa AT R Bocker & D Shippers and feoders otal St. Louls Live Stock Market, LOUIS, March 8 —CATTLE-Recelpts, 500 head: shipments, 900 head; market nominal; cholc export steers, $4.60G4.76; fair to medium ShIDDIng Btecrs, 0G4.10; medium buteher 10063405 foeding wtoers, falr to caol i good native cows and helfers, §2.50% am HOGS—~Recelpts, head; market dull 4.95; ‘plgs and lght TIZEP—Recoipts, dull; good e m Texans, 1,200 head; od medium welghts, welghts, $1.4061,30, none; shipments, none cholod native mixed non, § shipments, 3,100 W mar 15.5)% o ikt wa.; Kunsas City Live Stock Marke NSAS CITY, March 3, —CATTLI shipments, 2,20 head; markot “Texiy $2.10000.3 @l T A native and r8, §2.50%8.50 i A 2,800 e o strong 13, Bockers ints, wteady lipbing $1.500 bulis 3.40 feeds 1295 Yorker 51 head; Recelpts, h u market: steady 2 i and mixe And $4.70004,80, Pl 0 hea Ipments, bulk H.T0004,50; 2,100 5 lghts, Dl 1; shipments, 800 1y Stock in Sig the recolpts at the fo March § Cattle 2,407 1000 15000 K00 4000 1000 1,200 The follo cipal cltles prin- Shoep, 101 2000 00 South Omaha A Cliy tal 8,001 E. McElroy & Co, INVESTMENT BANKERS, 134 Washington St CHICAGO MUNICIPAL BONDS, Bonds of Electric Street Railway Companies. High Grade Investment Securitics. CORRESPONDENCE SOLICIIED