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About Omaha daily bee. (Omaha [Neb.]) 187?-1922 | View Entire Issue (Jan. 16, 1899)
TJIE OMAITA DATLT JlEEt MOXDAT , JANUARY 10 , 1800. ADVANTAGE WITH THE BULLS Same Boiling on Foreip Account , but Offer ings Readily Absorbed. INDUSTRIALS ARE THE ONLY WEAK SPOT OtcrcnpHallr.ntloii of Thrae Cninpu- CniiMCN UlHtriiNl Affcctn ( Mlier .SIOCU * tO NotlH * KTtCIlt IllllC- luii ilc u I of Vnlnc. NCW YORK. Jau. ID. ( Special. ) Henry Clous , of the lianltlng firm of Clews & Co. , writing of the conditions In Wall street , bays : Oonorol conditions In Wall Direct have not materially changed during the past week. In the stock market a high pitch of activity Is maintained , with a higher overage rnne Of prices In the better class of stocks. Among the room tradois , however , them Is nn element of persistent snller * : but their Inllticnce IR offset hv thn outside buying elc- oner.t. There arc undoubtedly exposed spots 'In ' the case of stocks which liavo been run tip to extreme figures by Influential rtlaues : nnd these are the main points of attack ftorn 'the professional "bears , " while they Induce f > omo circumspection among the more cau tious "hulls. " Hut the general conditions controlling Iho value of securities remain favorable and rooin sellers have to face a preponderance of bullish Influences. There lins been HOIIIO con&Idcrablo sellliiK on for eign account during the week , but the stocks liuve been taken without any vlslhlp effect on the local market ; and , In estimating the Impoitnnce of these foreign rcallzlngs , It Is to bo taken Into account that Americans Slave been the strongest stocks on the Euro pean bourses. London follows clceelv the prospects of the fate of the Paris treaty. The Indications are that the doen Interest taken by England In our acquisition of thn Philippines might develop Into on active liiiylng of our securities for Investment In that country. In the event of the ratification Of the treaty , which now seemi to be a forp- Keno conclusion. These foreign movements , however , come and go without any longer making much Impression on Wall street. ItiilnnlrliilN Are Wrnk. The only Important olemerrt of weakness In the stork market centers In the "Indus trials , " Outside of a very limited line of exceptions , those stocks have long had' ' to encounter a certain amount of distrust ; but ns their wide and frequent fluctuations have offered special temptations to sanguine opcr- ntors , they have ranked among the most nctlvo properties on the lint As showing the great activity of this class of stocks , the Bales of American Sugar , Tobacco and People's Oas for 1808 aggregated 23,500,000 fihnres , while the transactions In the three most active railroads ( St. Paul , Burlington & Qulticy and Union Pacific preferred ) amounted to 'only 17,800.000 shares. These figures show the Influence that n few of the leading Industrials must have upon the value of an enormously larger total of railroad - road stocks. That Influence Is unfortunately mainly prejudicial. It Is wielded almost wholly In the Interest of momentary specu lations by the most ventupjus class of oner- ntors ; It Is not regulated hv the Influences that control the value of railroad securities : It Is a factor In speculation so fictional and flrklo that there Is no calculating upon It cither one way or another : and yet It very frequently artificially dominates the values of all other stock Investments. The feeHnp nmong those Interested In the more solid class of securities Is becoming aroused ngalnst this clement , as a serious source of market disturbances , preventing Iccltlmato Influences from having their due effect unon Investment securities and causing constant needless unsettllnes of confidence and of values. This feeling Is Just now accentuated by the fact that the banks arc showing their rstlmnto of the "Industrials" by throwIng - Ing them out freely ns collateral against loans. Without speaking explicitly as to the motives of the banks In taking this course , it Is easy to see that thovMiiust take cog nizance of the surprising extent to which new "combines" are now being created In all .parts of the country. Unless some check Is Interposed to that movement a very large majority of our Industries must soon be operating under one or other modification of the trust principle ; and , Indeed , careful es timators calculate that already fully 60 per cent of our manufacturing corporations have Dlncod themselves under those amalgamn- tlons. It Is hardly surprising that the banks , especially those doing a stock exchange buil- ness , should pay some attention to the floodIng - Ing of Wall street with Issues , the true Btntus or value of which It la generally diffi cult to ascertain. liiduN < rlnln Ovcri-n UnIlzed. The case would be different were these largely experimental amalgamations car/tal- Izod upon sound principles and on conservative vative valuations of their assets and did they possess bona fide elements of permanency. In most cases , however , they are greatly overcapitalized ; properties are taken In at exaggerated valuations ; factories are ab- norbe-a with the expectation that they will bo kept Idle ; "good will" IH capitalized at fictional figures ; and profits are promised which nro Incompatible with tbo mainte nance of prices for products low enough to cither protect the combine from competition or fa stave off public dissatisfaction and legislative or legal Intervention. It Is very apparent also that many of those committed to these amalgamations are Influenced by a desire cither to realize upon the stocks dis tributed to them or to make them a basis of speculation , or both. It Is a serious ques tion for Wall street as to how far It Is con sistent with the safety of Its large Interests nnd with Its reputation ns a great financial market to become Instrumental In the dis tribution of thousands of millions of securi ties resting upon such a basis these "In dustrials" for the most part possess. It Would seem Inevitable that these corporations must , at no very distant day , become a burnIng - Ing quest ton In politics ; and , In that event what would bo the situation of investment interests If Wall street were found flooded with these Issues ? Is It not better to face this question now , whllo protection Is pos sible , than to Ignore It until the movement has passed beyond control ? The demoraliza tion to which the stock market Is already constantly exposed from these Influences la eufficlent without Inviting further exposure to this demoralizing tendency. There can ho no doubt that the rapid In crease now In process In these Industrial amalgamations Is having Its effect upon the otherwise hopeful Influenced that are en hancing the value of legitimate Investments , The surprising magnitude of these new cre ations causes conservative men to halt and ask what Is to be the outcome of the wave of speculative organization that Is spreadln ? over our Industrial system ? Their eye li upon this cloud In the horizon and not e few cautious men are disposed to stand still tintll they are more satisfied with this In dustrial outlook. The moral Is confine youi purchases to railroad Investments of reason able soundness. London Money Market. LONDON , Jan. 15.-The close of the week hewed llrmness In most departments ol the Htoclc exchange niul n more active buyIng - Ing movement develoued all around In view of the Improv ng political nnd monetary outlook. Considerable Investment Is re ported nnd speculation has been stimulated liy the rapid and continuous dentines in Americans , which of late have constituted by far the most active department. Amonc the Increases were Southern preferred which rose 2j points : Southern ordinary 11 points ; Union Pacific. 114 points ; Union Pacific preferred , H point ; Chicago. Mil" waukeo & St. Paul. 1 point ; Baltimore ? & Ohio I point ; N w York Central & Hud. son Illvcr. 1 point ; Northern Pacific nra- fcrred. 1 point : Northern Pacific common H Point : Atchlson. Tonckn & Santa Po preferred. H Point : Louisville & Nashville , fe point : Missouri. Kansas & Texas point ; Norfolk & Western common' . U point ! Erie tlret preferred , U point : Erie ordinary , U point : Central Pacific. < K point : Denver & Klo Grande , % point- New York. Ontario & Western. % point ? 'Che apealie & Ohio shares fell > i per cent and Denver & Hlo Grande preferred , > & nor cent. Moncv was abundant , the easy rate being tne feature of the week. Money on fall commanded 2 per cent and money tintll Monday from 1 to IU per cent. The fates on three months' bills ranged from IV4 to 2i per cent. MniicumttT Textile Fnhrlei. MANCHESTER , Jan. 15-After several weeks of quietness the last week has ser nn Important business revival nnd a larcc accumulation of orders , previously wnlt- in ? for lower prices , has been placed at prices Kitisfnctory. In yarns , twist was rather easier and weft strong. In cloth p. food business was done , India nnd China leading1 the list , though South America ftlsc was n peed buyer. The horns trndn showed lecldeu Improvement with n promising outlook. The continental advices nro good , Plenty of work Is reported , but irlcrs unprofitable , Aegsbcrg satisfactory engagements for nix nnd nine months ; Mulrmtippn linn cottons uno.itlsfnctory iind pome large mills winding up ; while Itoiien tells of good buying fully equal to lust week's figures. Hunk of Ninln Mtnlrincut. MADRID , Jan. IS.-Tho IJunk of Spain rf | > ort for the week ended yesterday shows the following : Gold In hand , no chnngo ; silver In hand , Increase 3,7&,0t > 0 pesetas ; notes In circulation , Increase 11.233 pesetas. CIIICAOO GIIAIN AND I'HOVISIONS. Krntnroi of the Trndlnfc nnd ClnnInK CHICAGO , Jnn. 14. An Improvement In the foreign demand , with heuvy clearances at the seaboard , today caused a good deal of animation among wheat traders and May closed Ho higher ; corn lost He and oats left off a shade lower ; pork advanced lOc and lard and ribs 24c each. Steadiness wns Imparted to wheat here at the start owing to Liverpool quotations , showing yesterday's advance well main tained. The market , however , soon felt the effect of the prevailing local bearish sentiment In the absence ot outside buying orders to counteract it. Business was dull and Individual transactions gave no Indica tion of supreme confidence on the other side of the market. May opened % c higher at "OTfee , but settled Immediately to 70 c and sold as low as "OHc befor ; the decline wad checked. About this time New York re ported good sized buying orders from the continent tor wheat anc as there was n good deal of apprehension among the crowd us to the condition of winter wheat , should Buvere cold succeed the present thaw , nrlccs began to show signs of advancing. Brad- street's reported the week's exports of wh"at nnd flour at 5C < 8,000 bushels and the total shipments to Europe from all exportIng - Ing countries at 7,200,000 bushels , which would leave nil but about 1,600,000 bushels from this side. Such evidence of European dependence upon this country was a great Inducement to holders to raise the price and May advanced to 71Hc. Receipts here were 210 cars , of which 49 graded contract. Minneapolis and Duluth reported 49S cars , compared with 333 the corresponding day a year ago. Primary western market receipts were large 777,000 bushels , against 445.000 last year. This wns offset , however , by the , heavy cUarances of wheat und flour , wh'.ch amounted to 1,014,000 bushels , and a little more wns added to the price. May reaching 71'/4ff7iVic on this information. New York reported thirty-eight boatloads disposed offer for export and It wns said a good exnort bvslnesH wns done at Kansas City for ship ment by way of gulf ports. Th ; market held firm right up to the end and Mny closed at 71',4c , buyers. In view of continued liberal receipts and a rather heavy market at Liverpool , bulls In corn had hard work to keep their specialty from sagging. Puts had been sold yrsterdny close to the market nnd this acted ns a sustaining Influence. The ship ping demand was good notwithstanding lower quotations from Liverpool and 500,000 bushels were reported sold for shipment. Receipts vere 744 cars. May opened a shade lower at 37@3"Hc , sold down to 36T4c , then firmed up to 37c , the closing figure. Onts wns steady , with only small specu lative interest manifested. Receipts were moderate 1S1 cars , and the export demand wn good. There wns little business done nnd the range of May wns only Jc , opening a shade lower nt 27TMi-Sc , declining to 27c find closing nt 27'K ' < 02776c. Liberal receipts of hogs and scattered selling Ht the start weakened provisions. As the session progressed , however , moder ate buying by packers , with light offerings , started nn advance and the market closed with a little added to the price all around. Shipments for the week amounted to 11- 563,000 pounds of meats nnd 7.349.000 pounds of lard. May pork opened a shade lower at $10.05 , declined to $10.00 nnd then rallied to $10.15. the closing figure. The range In lard and ribs was narrow. Estimated receipts for Monday : Wheat , 190 cars ; corn , 1,050 cars ; oats , 300 cars ; hogs. 40.000 head. Lending futures ranged as follows : Articles. Open , lllrh. Low. Ole e. Y'n'd'y. Wheat. Jan. . , . B7U May. . . 70M 70H 71H 70 July. . . 68U-69 G0 ? < Porn. Jan. . . 84M S4W May. . . : n ( 3BV4 17 S7K July. . . 37 ! 37H 7K Oats. May. . . 27M-2H 38 27M 27M July. . . 2BH ' -'HUSH 28 * Torn. Jan. . . . 85 985 086 Jit 078 May. . . 10 OS 101.1 1000 10 ia 1067 Lard. Jan. . . . 650 5 BO B60 6B May. . . 667 B07H S72X (70 Ribs. Jan . . . 480 476 May. 600 S07U SOO B07K Cash quotations were as follows : FLOUR Dull and steady ; winter patents , $3.60 3.70 ; straights , $3.30ff3 10 ; spring patents , hard. $3.40f/3.60 ; bakers' , $ .20 ( & 2.60 : straight ! ) , $2.80g3.20. WHEAT No. 2 spring , 6TAgG9c ; No. 3 spring. 64Ji6Sc : No. 2 red , 71c. CORN No. 2. 36c. OATS No. 2. 27c ; No. 2 white , 29W30c : No. 3 white , 29 < 32914c. RYE No. 2 , 56V4c. BARLEY-NO 2 , 433520. SEEDS Flnxseed , No. 1 , $1.14@ > 1.18 Prime timothy seed , $2.35. PROVISIONS Mess pork , per bbl. , $9 83J > 9.90. Lard , per 100 Ibr. , $5.601)5.52 ) . Short ribs sides ( loose ) , $1.70514.95. Dry salted shoulders ( boxed ) , $4.2VJT4.37Ishort ; clear sides ( boxed ) , $5.0035.10. WHISKY Distillers' finished goods , per gal. , $1.27. SUOARS-Cut loaf. $5.70 ; granulated , $5.20. The following were the receipts and ship ments for today : St. I.nnlN Market. ST. LOUIS. Jnn. 14.-FLOUR-Unchanged. AVHEAT Options firm , and fractions higher ; spot lower ; No. 2 red cash , elevator , 73V4o bid : track , 74ift75c ; January , 73V4c ; May , 76N.c ; July , C8c ; No. 2 hard , OSc. CORN Options steady to a shade easier ; spot steady ; No. 2 cash , S5c bid ; January , 35'ic ; May , 35V4c. OATS Options steadier to easier : spot higher : No. 2 cash , 2&ic : track , 2S ifi29c ; January , 2S&c ; May , 28Hc ; No. 2 white , 30Hc. RYE Firm at B6c , track. SEEDS Flaxseed , higher at $1.11 % ; prime timothy ; ced , nominal. CORNMEAL-$1,75JT1.80. BRAN Firmer ; sacked , east track , B6VsC. HAY Steady to llrm ; timothy , $7.5069.50 ; prairie. $5.50fiS.OO. BUTTER Quiet ; creamery , lS@22c ; dairy , 14717c. EOGS-Lower nt IGc. WHISKY Steady at $1.27. METALS Lead , lirm at $3.95ff4.00 ( ; spelter , higher at $3.10. PROVISIONS-Pork. higher : standard rress. Jobbing , old , $9.12H ; new. $9.87 % . Lard better ; prime steam , $5.3i ) ; choice , $5.40. Dry salt meats , boxed shoulders , $4.25 : extra shorts , $4.80 ; ribs. J4.S7U : shorts , $5.00. Un- con. boxed shoulderr , $5.00 : extra shorts , $5374 : ribs , $3.50 ; shorts. $3.75. RECEIPTS-Flour , 5,000 bbls. : wheat , 33- 000 bu. ; corn. 107,000 bu. ; oats , 32,000 bu. SHIPMENTS-Flour , 4,000 bbls. ; wheat , 27,000 bu. ; corn , 45,000 bu. ; oats , 10,000 bu. Liverpool Market. LIVERPOLL , Jan. 14. WHEAT Futures closed quiet and unchanged to HI ! lower ; March , SslOVid ; Mny , 5sB id : spot , No , 2 red western , winter , steady at Cs3d ; No. 1 red northern , spring , dull at Ca , CORN Spot. American mixed , new , stocks exhausted ; American mixed , old , steady at 3s 10V4d. FLOUR St , Louis fancy winter , dull nt 7s 9d. HOPS At London ( Pacific coast ) , dull at 4 lOsft 5 10s. PROVISIONS Beef , steady ; extra India mess. 65s. Pork , steady ; prime mess , west ern , 60s ; prime mess , medium western , 47s Cd. Hams , short cut , linn at 3Cs 6d. Bacon , dull at 3s 6d. Short ribs , dull at 28s Cd ; long clear middles , light , steady at 27s 6d ; long clear middles , runvy , steady at 27s ; short clear backs , steady at 2Ss ; clear bellies , dull nt 33s ; shoulders , rnuare , firm at 23s , Lard , prime western , dull at 29s. CHEESE Dull : American finest white and colored , 49s Cd. TALLOW Prime city , firm nt 22s 3d. OILS Cottonseed oil. Liverpool refined , firm' ' nt 15s 3d , Turpentine spirits , steady at 32s. Rosin , common , steady at 4s 3d. Petroleum , refined , 6Hd. Linseed oil , 17s 6d. Cincinnati Market. CINCINNATI. Jan. 14.-WHEAT-Qulef No. t red. 71Hff72c. COHN-Flrm ; No. 2 mixed , 36c. OATS Quiet and steady ; No. 2 mixed , . RYU Firm : No. 2 , 57c. PROVISlONS-Lard , weaker at J5.25 ; bulk meats , quiet at $4,75 ; bacon , dull and steady at $5.70. WHlSKY-FIrm at $1.27. BUTTER-Easy. BUC1AR Firm. CHKESE-Flrm. EOas-Dull and lowsr at 15c. OMAHA LIVE STOCK MARKET Prices on Butchers' Stock Have an Upward Tendency. NOT ENOUGH HOGS TO SATISFY BUYERS Mnrkrt Otiona n I.IUIr I.iMrrr , lint tinI'ciin Arc Cleared In Short Urilvr , with Vnlno SOUTH OMAHA , Jan. 14. _ . Cattle. Hogs. Sheep. rtecelpts today 727 9 , 9 1,157 OIHclal Monday 1,031 1,921 2.407 Cniclal Tuesday 3,334 9,211 2,301 OIHclal Wednesday 1,106 8bS2 3.53J Oinclal Thursday 700 8,978 1,20-J OHloial Friday 926 9,813 4.251 " Total this week s47 49,282 14,903 Total last week 8,125 40,939 12,594 Week ending Doc , 31. , . . 7,597 , 01,759 6,611 Week emllnR Dec. 24 8,016 BS.103 5,877 Week ending Dec. 17..10,591 81,103 9,833 Average price paid , for hogs tor the last several days , with comparisons : | 1S39.1593. | 1S97.1896.1S9J.1894.I1S93. | | | 1 Indicates Sunday. The official number of cars of stock brought In today by each road was : Cattle. Hoes. Sheep. H'r'B. C. , M. & St. P. ny. . . . ( I . . . . Mo. Pacific Ry 19 4 Union Pac. System. . 1 28 8 I P. . E. & M. V. U. R. . . . 34 . . . . S. C. & P. Ry 2 . . . C. , St. P. , M. & O. Ry. 2 U . . r. 13. & M. R. U. R. . . . 3 33 2 , . C. , B. & Q. R. R 13 . . , . K. C. & St. .T 3 1 . . . . C. , R. I. & P. Ry. , B. . . . 5 C. , R. I. & P. Ry. , W. . . 1 Total receipts . . . . 27 139 C 1 The disposition of the day's receipts waa as foil own. each buyer purchasing the num ber'of head indicated : Cattle. HORS. Sheep. CATTLE Receipts nt all mariict point * were light this morning as usual on a Saturday , Omaha having the most. Of th loads reported received at this point eighteen were consigned direct to packers from Kansas City , so that there was noth ing of any consequence on sale. The few beef steers offered sold fully lOc higher and good strong prices were paid for butchers' Block , the light offerings nnd the expecta tion of light receipts on Monday being tha apparent cause for the llrmncBS of tha market. The receipts of cattle this week have been slightly larger than during the last two or three weeks , though the gain 1ms not been of sufllclent Importance to merit any special attention. The only big day was on TUBS- day , when 3,354 head of cattle wore re ported In and when the market broke badly. According to the best Information at hand there is every reason for believing a con tinuance of present light receipts for som little time to come , as feeders are ap parently trying as far as possible to carry out the advice of commission men nnd hold back cuttle until they are ripe for market. As to values , the week started out nil right , but on Tuesday' the general run of fiU cattle broke 10tfl5c , while the common warmed-up kinds suffered still worse. The next day there , wns n fair run of cattle and then the receipts dropped down very small. The light run seemed to have the desired effect nnd values gradually re- covcrwl until at the close of the week beef cattle are back where they were on Mon- 'The market on cow stuff did not break until on Wedn sday , and then it suffered u decided setback , but as wns the case with bef steers the market gradually recovered nnd nt the close of the week is back again to where it was on Monday. Bulls , stags , calves , etc. , nre also selling Just about where they were a week ago. The soft weather and the break In fat cattle , together with the prevailing high prices combined to shut oft the demand for stock cattle and feedara and during the latter half of the week there was very Ittlo doing In that kind of stuff. Values went off rapidly for the want of buying support. At the close of the week choice feeders perhaps would not show so very much loss , nt least not to exceed lOc , w til light stock cattle all the way from lOfjJOc lower than Monday. Common little Block cattle are the worst sellers and If they are warmed-up on corn they sell to poorer advantage than those which have not been on feed As n rule operators on the market only look upon the break as of a temporary character. There la said to be considerable poor corn In the country only good for feeding purposes , nnd at the same time there appears to bo a general feeling of confidence in the future of the fat cattle market so that it is figured that feeding cattle will bo In demand right along. HOGS The receipts of hogs were about the same as yesterday , but everything re ceived today was on sale , barring one load to packers , so that the offerings were more- liberal than yesterday. The market opened 5c lower , but buyers evidently wanted the hogs nnd they must have considered them worth the money , us they were out early and soon had the pens cleared. Even though it was Saturday nnd the offerings sserncd quite liberal , there did not appear to be quite enough hogs to go the rounds and the market closed , if anything , a little better than it opened. The trade , as a whole might be summed up ns a J3.50 market , as against a $3.55 mar ket yesterday. Light nnd light mixed loads brought J3.4.VR3.50 , according to quality , with pigs still lower. The general run of heavy mixed loads went at $ ,1.60 , with prime heavy from J3.55 to J3.GO. Yesterday , It will bo remembered , that the long string was at J3.65 , with the top nt W.G5. The week opened with hogs selling only a shade above the low point of the month , but values Improved rapidly and by Thurs day which was high point of the month so far , the market wns 12V4c highsr than It wns on the same day of the previous week. On Friday the reaction set in , so that the week closed with values only n strong 7Vfcc higher than the closof the previous week. The demand was good nil the week nnd the market reasonably active on mo.st days , in fact packers did not get enough to kesp their houses running to their full capacity. The table of average pYlces at head of column will show the fluctua tions that have taken place from day to day nnd at the same time the way hogs were silling on correnpondlng days of previous l-pprs. SHEEP The five cars of sheep reported In the yards today sold at just about fteady prices and the market was without noteworthy - worthy change. The receipts of sheep have been a little more liberal this week , as will bo noted from the table of receipts at head of column , but still the run is comparatively small. The market upon the whole has not shown much change. Yesterday some sheep sold lower , but. taking the week ns n whole , values have shown very little change. On some days , however , the trade has been n little more active and buyers have appeared to bo more anxious for supplies. Still any one who hns kppt track of the eastern sheep market will not fel any too much con fidence In the stability of values or be In clined to rush In supplies any too fast. On Thursday nnd Friday good light sheep nnd . lambs were sold to be ready sellers in Chicago at steady prices , while heavy sheep nnd lambs were neglected , In some cases It being difficult to even get a bid. Such con ditions prevailing In eastern markets are not a very good basis upon which to build up higher prices. One thing may bo pointed to as certain and that \e \ that sellers who have come to this market have been satisfied that they could not have done as well by going nny- wh're else. The light receipts at this point i have enabled sellers to hold up the market , so that prices here nre very close to eastern markets. Quotations are : flood to choice fed wpsiern wethers , 13.75 (4.00 ( ! fair to good. $3.6303.90 ; choice western yearlings , $4.1'iw 4.25 ; fair to good western yearlings , $ l.f VR > 4.15 : fed ewes , $3.00573 45 : good to choice native InmbH. JS.WS.Oft ; good west ern lambs , J4.7Mi5.00 : feeder sheep , J3.50T ? 3.75 : feeder lambs. $1 OiVfN.r.0 : cull shep , $2.00n < 1.00 ; cull lambs , $3VH3.50. ( t. l.onU I.lvo Stork. ST. LOUIS. Jnn. 14-CATTLK-Rcceipts , 500 he-ad , including 55 Texnns ; market steady to stronger , with prices at from ICto to 15o higher for choice grades , with com mon slower compared with last week : fair to fancy native shipping and export steers , I4irtl , .60 ; bulk of nnlP , $4.60ft6.35 : drescrd brof nnd butcher steers. 30i > Ml20i bulk of snlc , $ U5I5,00 ; steers under I.UOO pounds , $ .1.K ( > iM.40 ; bulk of sales. $3.6WI.OO ; storkcr * and fcd r , J2.75yi.35 ; bulk of antes , $3.109 HOns Receipts , 4 , WO head ; market steady ; pigs nnd lights , $1.50tM.6o ; packers , CHICAGO LIVK STOCK MAHICKT. Limited Offering * at Cattle 1'revctttn a Decline In Price. CHICAGO. Jan. 14. The demand for cat tle today wns of a restricted character , but the limited offerings prevented nny de cline In prices. Fancy cnttlo brought $5.00 @ 6.00 ; choice steer * , $5.4035,75 ; mediums , J4.7Gfl5.00 ; beef steers , $3.7564.70 ; bulls , $2.00 © 3.40 ; cows nnd heifers , $3.30ft4.00 ; western fed steers , $4.00 Io.CO ; Texas steers , $3,60 ® 4.90 ; calvesJ4.0uft6.10. . There was n bltr run of hogs nnd prices started off 2'/4'Bf5c ' lower. Packers and east ern shippers bought freely and the early decline was fully recovered. The extreme range of prices during the day was $3.40 ® 3.771,4 , with the bulk of sales nt J3.OOS3.72Mi ; fair to choice , $3.60g3.77't : packing lots , $3.40fi3.B7 % ; mixed , $3.BOJi3.S5 ; butchers , $3.50ff3.72& ; lights , $3.45&3.67 > i ; pigs , $3.00i # 3.45. 3.45.The limited offerings of sheep were taken at ye lerdny's prices , Inmbs being f salable nt $4.00S6.10. sheep at $2.6004.25 and yearlings at J4.OOfi-4.65. Receipts : Cattle , 300 head ; hogs , 26,000 head ; sheep , 4,000 head. Knimn * City Lire Stock. KANSAS C1TV , Jan. 14.-CATTLE-Re- celpts , SO head ; prices unchangJd ; well ma tured cattle were In excellent demand this week and prices for such lots were higher , while half-finished stock sold slow at about steady prices ; heavy native steers , $3.20 ® 6.65 ; light weights. $4.2505.25 ; stackers nnd feeders , $3.50 < JI4.75 ; butcher cows and heifers , J2.80JT4.er ; fed bulls , $2.8004.50 ; canning stock. $2.00fi2.76 : western steers , $3.50f5.15i Texnns , $3.50(35.00. ( HOGS Receipts , 8,525 head ; prices a shndo lower ; excellent demand for packing grades nnd whllo not quotnbly higher this week , the recent advance In prices was fully sus tained ; heavies , $3,60Q3.72 % ; mixed. $3.45 ® 3.70 ! lights , $3.353.60 ; pigs , $3.203.35. SHEEP The supply for the week con sisted largely of southwestern for sheep and lambs that were not sufficiently well finished to satisfy requirements ot. the trndn ; good flocks sold readily at firm prices , whllo common bunches were slow i > ale at lower prices ; lambs , $4.8005.10 ; mut tons , $3.6004.10 : feeding lambs , $3.25ff3.CO ; feeding sheep , $3.00@3.50 ; stockers , $2.0002.50. New York Live Stock. NEW YORK , Jan. 14. BEEVES-Re- colpts , 530 head ; no trading ; feeling strong : cables firm ; exports , 150 cattle nnd 1,204 quarters of beef. CALVES-Recelpts , 16 head ; flrm. Veals , $5.00tfT6,00 : no barnyard or western calves. SHEEP AND LAMBS Receipts , 3,499 head. Market quite demoralized ; sheep 10 ( SflSe lower ; good sheap , $4.25 ; two cars of choice wethers sold late yesterday at $4.60 ; lambs. $5.35(95.65. ( Canadian lambs , $5.40. HOGS-Recelpts , 2,134. Steady at $3.90 ® 4.16 ; choice state plgH , $4.25. Stock In Sight. Following nro the receipts at the four principal western markets for January 14 : Cattle. Hog" . Sheep. Omaha . 727 9.439 1,187 Chicago . 300 26,000 4,000 Kansas City . 80 5,525 . St. Louis . 200 4,900 100 Totals . T307 45,861 5 287 St. JoMeph Mve Slock. ST. JOSEPH , Jan. 14. ( Speclal.-CAT- ) TLE Receipts , 100 head. Market nominal. HOGS Receipts , 4,600 head Market weak to 5c lower , selling at J3.47a3.70 ; bulk at $3.4203.00. SHEEP Receipts , none. Demand strong. Clnelnnntl Live Stock. CINCINNATI , Jan. 14. HOGS Active nnd 5c lower at $3.10I3.75. CATTLE-Steady at $2.50S5.00. SHEEP-Qulet and steady at $2.2603.90. LAMBS-Steady at $4.0005.36. OMAHA CiDNBRAl , MARKET. Condition of Trade and Quotation * on Staple nnd Fnnoy Produce. EGGS Receipts ; Increasing ; unsettled nnd weak ; good stock' , ISc. BUTTER Common to fair , 11012c ; choice , 13016c ; separator , 20c ; gathared creamery , 17(0 ( If c. POULTRY Hens , live , 6 0' ; dressed , 7Uc ; old roosters , live , 3c ; dressed , 4c ; spring chickens , live , 7c ; dressed , SS fcc ; ducks , live , 5H0Cc ; dressed , 7'/4c ; geese , live , Cc ; dressed , Sc ; turkeys , live , kQ9c ; dressed , . ' * AME Teal , blue wing , $1.75 ; green wing , $1.50 ; mixed , $1.7502.25 ; Jackrabblts , $1.50 ® 1.75 ; cottontails , $1.0001.25. PIGEONS Live , per doz. , 60c. VEAL Choice , SfrS c. OYSTERS Bulk Standard , per gal. , $1.10 ; mediums , per can , 15c ; Standard , per can , 20c ; Extra Select , per can , 25c ; New York Counts , per can. 30c. VEGETABLES.- CELERY California good stock , 25c ; choice , 35c : fancy , 60c ; extra large , 75c ; Michigan , choice stock , 2530c. CAULIFLOWER Per Tate , J2.50Q2.75. ONIONS Per bu. , 50055C. BEANS Hand-picked , navy , per bu. , $1.35 01 40. POTATOES Choice , sacked , 45050c ; poorer stock. 40c. SWEET POTATOES Per bbl. , $2.5002.75. CABBAGE-Per lb. , crated , l c. TROPICAL FRUITS. LEMONS California , fancy. $4.00 ; choice , ORANGES Mexican , $3.00 : Navels. fancy , $3.25 ; choice , $3.00 ; seedlings , $2.60 ® 2.75. BANANAS Choice , large stock , per bunch , $2.0002.25 ; medium sized bunches , $1.7502.00. FRUITS. APPLES Western Ben Davis. Genltons per bbl. . $1.00 ; New York Bnlwlns. Greening - ing t and others , choice , per bbl. . $4.004.25. STRAWBERRIES-Per box. We. GRAPES Malaga , per bbl. , $8.00010.00. CRANBERRIES Jersey , $6.50 ; per crate , $225. MISCELLANEOUS. NUTS Almonds , per lb. . 17c : Brazils , per lb. , 9 < 8 > 10c ; English walnuts , per lb. . fancy. soft shell , 12c ; standards , lie : filberts , per lb. , lie ; peacans , polished , TSiSc cocoanuts , per 100. $4.00 ; peanuts , raw. 6SGc ; roasted , 6Hc : chestnuts , S09c. CIDER-Per half bbl. , $3.0003.16. SAUERKRAUT-Per half bbl. , $2.00. HONEY Choice white , 12U13c. MAPLE SYRUP Five-gal , can , each , $2.50 ; gal. cans , pure , per doz. , $12.00 ; half- gal. cans. $6.25 ; quart cans , $3.60. FIGS Imported , none ; California , 10-lb. boxes , $1.50. DATES-Hnllowee , CO to 70-lb. boxes , 6 ® 6c ; Hair. 6H06c ; Fnrd. 9-lb. boxes. lOc. HIDES , TALLOW. ETC. HIDES No. 1 green hides , 7c ; No. 2 green hides , 6c ; No. 1 salted hides , iUc ; ; No. 2 salted hides , 7Hc ; No. 1 veal calf , 8 to 12 Ibs. , lOc ; No. 2 veal calf. 12 to 15 Ibs. , 8c. TALLOW , GREASE , ETC. Tallow , No. 1 , 3c ; tallow. No. 2 , 21/4c ; rough tallow , lV c ; white grease , 2V4fo3c ; yellow and brown grease , uy52JJc. SHEEP PELTS-Green salted , each , 150- TSc ; green 'salted shearings ( short wooled early skins ) , each , 15c ; dry shearings ( short wooled early skins ) . No. 1 , each. 5c ; dry flint , Kansas and Nebraska butcher wool pelts , per lb. , actual weight , 45c ' ; dry Hint , Kansas and Nebraska murrain wool pelts , per Ib. , actual weight , 34c ; dry Hint , Colorado rado butcher wool pelts , per lb. , actual weight , 405c ; dry Hint , Colorado murrain wool pell . per lb. , actual weight , 304c. FURS Mink , 10075c ; bear ( black or brown ) , $5.0002000 ; otter. $1,5008.00 ; beaver , $1.0006.00 ; skunk. 15j50c | ; muskrat , 307c ; raccoon. 1550o ; red fox , 25C0J1.25 ; gray fox , 250DOc ; wolf ( timber ) , 25c0J2.50 ; wolf ( prairie ) , coyote , 10050c ; wildcat. 10025c ; badcer , 540c ; silver fox , $50.00075.00. CONDITION OF NKW YOIIIC IIAMCS. They Are GnlnlnK Cniili and Adding tu Itenerve Fund * . NEW YORK , Jan. 15. The Financier rays : In the face of a continued demand for funds the New York banks are gaining cash nnd adding to their reserves In large amounts. It had been anticipated that the banks would show n gain ns the result of the last six days' business , but the increase was much larger than earlier cnluclatlonx called for. The steady gain In specie re flects continued receipts , not only from the west , but from other points as well. In fact the gain Is exclusively from outsldo shipments , since the operations with the treasury are resulting In weekly lo.s-fs to the Naw York banks. The expansion In loans , coming with the decrease of the week ending January 7 , ls only logical. Stock dealings are on such an enormous scale that borrowlnr on a collateral scale Is resuming the activity noted during the close of tha year. It li not probable that the loany rep resent sUrllng operations under present clr- rumttanc.'i. as liquidation Is more In order. The heavy cash receipts , connected with the loan Increase , arc responsible for the addition of nearly $9.000,000 to the deposit account , and ns increased ros-'rvo require ments necessitated an addition of more than $2.260,000 to that fund , the train In ex cess cash waa only $4.732,700. The surplus reserve Is now $28,263,075 , an amount larger than has been reported since- August 29 Ian , when reportu were $95,000,000 lens nnd lonn * nearly $ I5,090OUO be-low present totals , As the movement toward Nnw York Is likely to ndd heavily to the nlriady Idle cash IIP , It Is only natural to anticipate an easy tnonty market far n loiig time to come , ac companied by continued stock oxchaitRO transactions on n larger scale. Of course tinforscon cnuse.1 may operate to check the activity now so prominent , but events * eem to favor Indefinite expansion. With monny abroad approaching our own level , gold Im port talk hns subsided. It M nn Interesting commentary on prrsent conditions lo note that the clearing house banks , white mak ing new records from week to week In clearings nnd everything else , have yet more Idle money to take cnro of than they themselves llko to to. MW YOHIC < IIMHAI , MAIIKKT. Uuntntlon * for the Day on General Commodltlm. NEW YORK. Jnn. 14.-FLOUR-Itecelpts , 16,000 bbls. ; exports. 22,690 bbls. Market dull but steadily held. Winter patents , $3.7501.00 ; winter straights. . , $3.5503,05 ; Min nesota patents , $3.8504.15 ; winter extras , $2.7003.00 ; Minnesota bakers , $3.0003.30 ; win ter low grades , $2.4002.65. CORNMEAL Stendy ; yellow yestern. 83 6S3e. RYE-Qulot ; No. 2 western. 65c , f. o. b. , aflaat. BARLEY MALT-Stcady ; western. 6.1 ® iOc. iOc.WHEAT WHEAT Receipts , 350.400 bu. : exports , 139,833 bu. Spot steady : No. 2 red , SOiic. f. o. b. , afloat , to arrive. Options opened steady nnd ruled very dull nnd featureless nil the forenoon , Scalpers found their ef forts to break the market checked by lib eral clearances , the Influence' of yesterday's good export trndo and steady cables. Closed steady and unchanged. March , 7Sic : Mny , 75 1-1C076 7-16c. closed at 75Uc. CORN Receipts , 96,525 bu. : exports. 101,782 bu. Spot steady ; No. 2 , 43043ic ; , f , o. b. , afloat. Options opened dull and closed the same , holding fairly steady in sympathy with wheat. May , 41T4042C , closed at 42c. OATS Receipts , 82,800 bu. : exports. 375 bu. Spot quiet ; No. 2 , 33 i034c ; No. 1 white. 35V4c. Options neglected. HOPS Steady : state , common to choice , 1S9G crop , 70Sc ; 1S97 crop , Ilfl3c ; 189S crop , 18019c ; Pacific roast , 1890 crop , 7QSc ; Ii97 crop , 11013c : 1898 crop , 1S019C. HIDES Firm : Gnlveston , 10',4c ; Texas dry. 12c ; California , ISc. WOOL Firm ; fleece. 17022c ; Texas , 11 @ 14c. TALLOW-Qulet ; city , 4c ; country , 404'4c , ns to quality. COTTONSEED OIL Quiet and steady , without Important changes. Prime crude , 19@19',4c ; prime crude , f. o. b. . mills , 105i > 17c : prime summer yellow , 23023140 ; oft summer yellow , 22c. RICE Firm : fair to extra , 4i6'ic ; Japan , 6'/4 < iT5'4c. MOLASSES Firm ; New Orleans , open kettle , good to choice , 29034C. METALS Pig iron , steady : southern , $10.25ffll.5 : northern , $10.25(512.25. ( Copper , llrm ; brokers , $14,50. Lead , strong ; brok ers , $3.92'/4. Tin plate , flrm. BUTTEll Receipts , 2.55S pkgs. ; market steady : state , dairy , 13018c ; state , cream ery , 15tfl9'/4c ; western , dairy , 15020c ; Elgins , 20c : factory , 12014'.4c. CHEESE Receipts , 1,030 pkga. ; steady ; large , white. lOV c ; small , white. JlfflJUo ; large , colored. lOHc ; small , colored , lisjlljic ; light skims , 7HSS1/ic ; part skims , 6&i&c ; full skims , 303140. EGGS-Recelpts , 2,622 pkgs. ; steady ; state nnd Pennsylvania. 22c : western. 20Hc ; southern , 20M.C. _ Milwaukee Cirnln Market. MILWAUKEE , Jan. 14. - FLOUR StWH > EAT Firm : No. 1 northern , 63',4070c ; No. 2 northern , G7&0C8C. RYE-FIrm ; No. 1 , 5GH057c RY Firmer ; No. 2 , 52V4c ; sample , SUMUSH IX THE KLONDIKE. The Aiilicnrnncc of Old Sol Given Joy mid I'lcnsnre. It never crossed my mind before , bjit now In this dead calm that has followed a mdnth of stormy stampedes and excitements , writes Joaquln Miller In Leslie's Monthly , I have a mind to risk the prude's displeasure and bo a bit boyish even childish. I have not plucked any roses for a long time ; nor sat In the sunlight for months and months. I have only seen a single gleam of sunlight for a few minutes up at the mouth of Eldo rado on a hilltop opposite , and ran tha very breath out of me to try nnd photo graph It and keep It with me : But the sun Is getting in Ills wedge of gold now a bit , just a little bit further In between these black blocks of night , every day. To my boundless delight , the sun at 12 m. today fell llko a halo on the head of a great mountain peak across the Klondike , and , forgive my folly , I started to try and reach It. Silly ? Of course ; that Is conceded. But , frankly , I would have gone through fire , floods , anything that man might pass , at almost any price , to feel , to touch , to make familiar with once more a little bit of real , solid sunlight. It was a half mile hard run down the sled'trail to the Klondike then not any trail at all , only the Icy river , with Its great uplands of blocks and dips and spurs and angles of broken Ice. The lion was asleep , so fast asleep ! This stormy nnd swift llttlo river that has shaken the whole world for a year , as the roar of a lion might startle the Arabs of the desert , was as utterly dead as if this snow to your waist was its shroud and the granite walls of the canyon Us cofiln. Not a ripple of water In the Ice , under the IMS , or anywhere. These strange rivers freeze from the bottom tom , not from the top , like other well- regulated rivers. They freeze flrsl at the month , gorge and block up there first , not at the source , as other rivers. This la he- cause the whole under-world hereIs solid Ice all summer and all winter all the year. I climbed from ice point to Ice point. The winds had blown the highest bare. In some places the enow was as solid as a floor. Bui others soft and dusty , up to the waist. Bui It was great fun to wallow through this from point to point till tbe further shore of this dead river in its shroud and coffin naa reached , and then the climb ! ( The Klon dike Is wide , but not deep. I waded It In top boots , dry-footed , many times last sum mer. ) The snowshoea had not been thought of this winter day. What could anybody think of but the new-born baby sunlight and the hope of standing once more with the sun on tbe mountain top ! The climb was hard and steep and hazardous. I made my way up from ono clump of trees to another. The enow Is not deep under the trees. I took off my fur coat , unbuttoned my skin vest , tightened my belt , and at last , breathless , wet all over , I stood stood where the sun had been. Away over yon der , down the Yukon , on the topmost peak of a far out-reaching spur of the Rocky mountains , where the snow Is always , there my great golden eagle rested. His plumes were folded , fading , and he was gone In a sudden swoop before the pursuing night. Ever thus ! This Is the story of life. We may climb from peak to peak , and still the golden sunlight goes evci on before , a pillar cf fire that wo may never lay hands upon. And who would have It otherwise ? A sav age , a dog , may await for the sun to corao to him , and bask In It , but he will still be a savage , a dog. It Is the endeavor , the aspiration , that makes manhood. Better to bo beaten in any battle ot Ufa than never to have lifted your face to combat at all. Ay , ever have dared do Just such foolish ventures , if you choose to call them fool ish , looking for the light , the high , bright light above , rather than the blackness be low. And this has kept me young and strong and exultant. JAMES t BOYD & CO , , Telephone 1030. Omaha , Neb COMMISSION , GRAIN , PROVISIONS und STOCKS BOARD OF TRADE. Dlrt't win * to I'blcafo and New York. CorrtipondrnUi John i. Warrtn A Co. rene IVM HRPEMNEyaCQt HAMA nt JOBBERS AND MANUFACTURERS I OP OMAHA. I H BOILER AND SHEET IRON WORKS hrake , Wilson u & Williams SnrcpMMorit Wllnun < K Drnkv. Manufacturers boilers , smoku stacks nnd drccchlngs , vrcssurc , rendering , sheep dip , Inrd nMU ' .rater tanks , boiler tubes con- itnntly on hand , second hand boilers bought nnd old. Sncclnl anil prompt to repairs In city or country. 19th and Pierce. BOOTS-SHOES-RUBBERS , n marican Hand 1 V Sewed Shoe Go 1 Jobbers of Foot Wtar wisirnn AotNTsron Th * Joseph Banigan Rubber Co. * .H. Sprague & Co. , Rubbers and Mackintoshes. Cor , KlcrcnCh < k Karnniu Sin , , Omaha. P.P. Kirkenrlall & Co Soots , Shoes and Rubbers Utroonu U .11K'11N Htrnty CARRIAGES. Bldo bpnug Attachment No Horse Motion. Get a Simpson Duggy with tia Atkinson Spring beit and easiest rider In the world. 1400-11 Uodffo Street. CHICORY he American T Chicory Go. Orowem and manufacturer ! of all forms of Chicory Omaha-Fremont-O'Ncll. DRUGS. 'i ' chard son Drug Co. 3Z ± Mw iH 902-006 Jackson Sf t. O. RICHARDSON , PreaL a f. WELLBR , T. PrMk E. Bruce & Co. Druggists and Stationery QUM * BM" BpecUItlM , fc Win * and Brand ! * * Mm Md Bunr tr M DRY GOODS. H. E , Smith & Co , Dry Goods , Furnishing Goodt\ \ AND NOTIONS. CREAMERY SUPPLIES Jhe Sharpies Company Creamery Machinery . \nd Supplies. Poilcrs , Engines , Keeif Cookers , Woofl PoU leys , Shafting , Deltlng , Duller Pack * ELECTRICAL SUPPLIES. \A/estern ElectricaT V Company Metrical Supplies , Electric Wlflnjr Bolls and Gns Lipthtlnff 0. W JOHNSTON. Mfr. 1519 Howard 8L John T. Burke , CO.VTfMOTOW ELECTRIC LIGHT and PO WER PLANTS 421 South 1 nth St. HARDWARE. hiiited Slates w Supply Co. . . ito8-iuo Harnev St. Btrln ? umT , ? ' KnP111" and Boilers. Pl Wind Mills , Steam and Plumbln * Material. Bcltlnj. Host , Etc. L ce-Clark Andreesen Hardware Ce Wholesale Hardware. Bloyclea mod Sporting Good * . MIO-at-at HM ncjr ( tract. HARNESS-SADDLERY. J * HHancy&Co. M'fn HAItfTKIS , SADnrfS AND COLLAR * tT0bber of Ltathrr , Satldlrt'y Hardware , JK * We solicit your orders. 1315 Howard St. For an up-to-dats Western Newspaper Head The Omaha Bee $10.000.00 FOB A HISTORY OF THE EXPOSmON ? The Bees souvenir editions together contain a compltte history of the great \j * enterprise , illustrated with beautiful < J * Jhalftone engravings * We have a few * J * copies left of the Opening Day -June - no Peace Jubilea Editions I for * They contain pictures of the Grand Court , the illumination , the build- iJL > mgs , the midway , all the officers , the JL directors , the Indian camp and % sham battles , McKinley , his cabinet , the heros of the war all about the Peace Jubilee all about the Exposition. The Bee Publishing Co. * Omaha. #