THE OMAHA DAILY BEE : SUNDAY , SEPTEMBER 20 , 1SS9.-SIXTEEN PAGES , 15
THE CONDITION OF'TRADE ,
A Good Supply of Money and nn
Active Demand.
CLEARINGS SHOW AN INCREASE.
Jobbers Iloport HiiHlnoss Jilvcljr anil
tlio Outlook Bright For n llnntl-
Horne Gnln In the Yanr'a
TotnL
In tiocnl Trad a Circles.
Iho clearings of the week , as footed p b.v
Mr. Hughes , footed $3 , 33,470.05 , an Increase
of 11 1-10 pur cent. Balances were
fC33SSr .89. Money Is In very good supply ,
with an active demand from Jobbers nnd
manufacturers , t > upplcmcntcd by llboral calls
from builders and contractors , who are
pushed to the utmost to illl t'.ielr contracts
nnd get their work under roof boforn cold
weather sots in. Hates nro therefore pretty
steady , but so long ns the demand Is readily
supplied there seems to bo but llttio com
plaint.
Jobbers Ray trade Is very good and increas
ing dally , und the year's business will surely
show n handsome Increase over 18S9. Col
lections nro fair , and outstaudlngs nro not as
largo as usual at this season , when the vol
unio of business Is considered.
The outldok in the wholesale and banking
district is very comfortable nnd snug from
nil sides , nnd a contented feeling seems to
provalt. Hotnll trade Is not so good owing
chlc.fly to the dry warm weather of the
month , but our Merchants evidently have
confidence that n demand will arise as soon
us they have stocked up heavily with n liner
class of goods th.ui usual nnd look for ample
returns. Prices on most staples are steady
nna firm , The activity In the Iron market
throughout the country indicates general
.activity and all descriptions of merchandize
nro hold stiff , ns u rule , In sympathy with
that great nnd controlling staple. Sugar
shows moro signs of weakness
ban any other article on the
grocery list but no material decline
la to bo noted. Coffees nro firm for uholco
grades of all varieties , though Itlos are not
as strong as could bo wisheu by the "bulls , "
nnd the tendency seems to bo to lower
prices ; when wo remember that it tuUos
two bushels of corn to pay for ono pound of
the poorest grade of coffee , u discrepancy is
surely apparent. Mackerel hava become a
luxury , with no hotter prospects in sight , ns
the cutoh this year is fully as dullcient ns
last , Dried fruit , botn foreign nnd do
mestic , nro hlgticr nnd likely to stay so.
Poaches , both canned nnd evaiioratetl , are
scarce nt points of production.
Butter has udvanccd under nn active de
mand for the bolter grades , but there is
much of the so-called dairy grades , which is
but llttlo better than grease , stored nil over
tbo country , nnd until this Is disposed of , by
export probably , thorn will bo a depressed
iniirkct for butter.
Tlio New York shipping list says of raw
sugars : The publication of the llrsfc definite
estimates of the European crop b.v M. Licht ,
foreshadowing a crop of 3,155,000 tons has
once moro unsettled tno markets of the
world , and created n depressed feeling that
has been intensified BO far us the local .situ
ation Is concerned by the continued dullness
of the distributive movement of rolincd , not
withstanding , thnt n cut of i c , has been
made by rullnors , nnd nccordlngly
business Ims been nt a stand will
values t entirely nominal. Througnou
last week the European markets ro
fleeted a weakening tendency , whlcl
was said to bo duo to the general dullness o
trade and the improving condition of the
growing beets , but uri increase of 2-40,000 tons
in the prospective yield of the best crop , over
the previous intimations that hnd been given
precipitated a null fill decline in values , and
created a moro bearish sentiment respecting
tuo'outlook , and put an end to all efforts to
transact fresh business in ttiis market. The
slow outlet for rcflued is the most luiportuji
. factor here , for notwithstanding a reduction
in prlco dealers show an unwillingness to
buy beyond their absolute wants which do
prlvcs trade of its elasticity and handicaps
the operations of refiners. The country ovi
don'tly displays a lack of confidence
that is slgnillcant , and the belie
prevails thut oven present prices
cannot bo maintained , and so long ns
this feeling predominates tha statistical po
sltlon of supplies Is lost sight of. Thcro has
been no evidence of any pressure to sell 01
the part of holders although It Is ml ml tie i
that lower prices would have to bo acccptei
in order to effect sales , while the unwilling
ness of refiners to make bids renders the sit
uation entirely nominal with respect to vnl
ucs. Iluflnors have been in the receipt of
fresh supplies by direct importation , chiefly
East India descriptions which , with their
stocks In hand , are ample for present wants
in view of the slow outlet for their produc
tion. Tuo market loft of ! yesterday dull
weak und unsettled.
And 'Of Unull coffees crop news has
again caused an unsettled feeling , nnd ro
suited In sharp decline in values both hero
nud In Europe , und with very llttio dlsposi
tlon to trade the market has ruled dull uni
weak. On Saturday a cubic from Messrs
P. S. Nicholson & Co , , received hero by way
of Londou , reported weather favorable for
Uio , and the second.flowering promising' , anc
slnco then there has boon evidence of moro
or less anxiety on the part o
Santos holders to sell , several low firm
offers having been on the market , all o
which has caused buyers to hesitate , nm
- sales have been dlfllcult to effect , oven n
concessions. In addition to the modarato
proportions of the distributive movement
dealers are pretty well stocked with sup
piles at comparatively high prices , which , ii
connection with inueU brighter crop pros
p oln than hnvo yet been glvon , necessarily
puts n dumper on fresh business. Thu trad
Ing In options has likewise displayed a list
less , weak fooling , with u disposition to un
load on the part of bulls , but the decline 1m
boon must marked In the distant months.
OMAHA ItlVR HL'OUIC.
Cattln
Saturday , Sopt. 23.
There was not mucl , to do with In the way
of beef cattle to-day. There have boon day
when tha beef supply wns light , but to-duv
there were practically no benvos here. Th
market was nominally steady ut yesterday's
prices , The Jemnnu for butcher stock wa
light und thu same thing was true of th
supply. A few cows sold nt $ l,50@l.OO unt
numnll bunch of westerns brought $2.00
The bulk of all the cattle hero , was made u >
of feeders , which moved quite freely for the
la&tdnyof the week. Quito u good many
western feeders sf Id at f2.40U2.55. (
llovrs.
To-day's ' hog market experienced a dscllne
of 5@10o on heavy weights , whllu light hogs
wcro ciisier. The market on heavy Jiog
opened with the shippers paying about yes
tordoy's prices for the best , and a very faney
toad sold us blub as rl 00. This stale of the
trade was of very brief duration , and price
wcro lower utmost Immediately. As the
later trains rolled In hoavlly louJod , bring
ing the receipts up ton hundred curs or moro
the market lluUcncd out ami the buyers
were bidding fully lOo lower , und in some
cases 15e lower. During that tlmo quito u
Rood many hogs sold lOa lowor. For a tlmo
the trade was very slow , but as thp later ad
vices from eastern iwints were a llttio moru
favorable , and as it bocuuio apparent tha
there were 110110 too miuiy hogs to Illl all th
orders , the market recovered a good deal o
Its lost strength , and the balance of the offer
lugs soon changed hands. Light hogs soli
principally at $1.03 us ugalust jl.OTK on yes
torduy.
SOO
0,000
' Prevailing Prlues.
Tito [ allowing U a Ublaot proaj | | uj , , n
this ujurkot for thu grades of stock men.
tlouodi
J'rlmo stooru. 1309 to 100 lb . , ? 3.00 ( $1.30
Oood Btoors , 1250 to 1450 Ibs , . 3.75 ( a > UO
HpoU Bloom , 105'J to 1WO Ibs. . . 8.25 ( Tc3.lK )
Western steers , . . . , , . . , . 'J.60 ( S3 00
Coinmoa oanut-M , . . . . . . . 1.00 (01,50 (
Ordinary to falroows , . . . , , , . . l.fiO l.SO
IVIr to ijootl cow . J.BO ( a"J.DO
Good tocuolcp cows. . . . , . 2.00 ( # 3.40
Fair to good bulls . 1.30 < < 42.uo
Light AtocKcrsiund foolers. . . . 3.25
Good feeders , 050 10 1100 Ibs. . . 3.40
Fair to choice light hogs 4.00
Fair to choice heavy tiotrs 8.80 3.83
Fair to choice mixed hogs. . . . . 8.90 ( rf4.00
Common to rough boss 3.G3 © 3.75
Koprcsoruauro
CATTLB.
No. Ar. Pr. ' No. Av. Pr.
3 , . , , .1035 1 GO 33 005 1 TO
r. . . , . .1070 1 G5 13 747 1 m
15. . , . .1053 I 8U 13 853 1 VO
. . 977 1 80
BTOCKEUS.
13 , CO ! 3 00 (53 ( 553 2 00
0. 813 3 00 03 GOO 2 GO
3 757 3 80 23. . 800 2 30
itr.tpnns.
5 Clt 1 7G
HULLS.
1 1853 1 GO
GOoxntf.
oxntf.
3 1478 203
WKSTCItX CATTLB.
Owner. No. Av. Pr.
14 cows . 030 $3 00
ST > feeders . 122(1 ( 250
42 feeders . 1237 350
Scows . . .1200 300
ncows . IKKt 8 00
40 feeders . 11(15 ( a 55
2 feeders . 1125 2 45
7 feeders . 1083 345
21 feeders . 10:18 : 350
isteor . 1100 335
Istoor . 1020 3 GO
Ooxon . 1250 U 00
5 cows . 01(0 ( 2 00
Itockford Llvo Stock Co.
2 feeders . llftt 200
42 feeders . 1113 - 3 ' 10
Uay State Live Slock Co.
CO feeders . 1271 250
1 cow . 1300 200
T. J. Swan.
51 cows . 1010 3 10
Swan A ; Choshirc.
23 cows . 1075 2 10
5 feeders . 1200 325
CSfuodCM. . . . . 1170 240
110(1 H.
H.No.
No. Av. Sh. Pr. No. Ay. Sh. Pr.
18. . . .307 1(50 ( ? 3 05 59. . .801 2UO $8 83
10. . , 120 05 111 , . .271) ) 240 8 8f
38. . . 120 3 70 5:1. : . . .259 100 3 85
7. . , 373 120 8 70 64. . . .233 10) a 85
31. . , .378 120 8 75 57. . . 230 120 3 85
10. . , .272 80 8 76 70. . . .245 100 385
70. , .271 12J II 75 r > 3. . . .303 2IK ) a 85
OS. . , .230 120 8 80 70. . . .284 100 H 85
O'.l . , .203 bO 380 G4. . . .313 100 3 85
(50. ( . , .2511 120 8 80 G' ) . . . .2T.1 40 3 85
fill. . . .279 210 3 SO 09. . . .2SO 120 3 83
71. . .218 1(50 ( 8 fcO G3. . . .237 120 3 85
(53. ( . , .H70 200 U SO 71. . . .2(57- ( 80 3 85
05. . , .25. ! 241) ) 8 80 09. . 100 8 S7J4
oa , . .25 J 280 8 80 GO. . . .813 80 3.87K
55. . . .015 Kit ) 3 80 71. . . .207 210 3 87K
6U. . .2'.ir. 240 8 SO 511. . . .801 oil ) [ ST'Lj'
57. . .255 100 8 80 0J. ! . . .245 400
55. . .301 bO 8 SO 70. . . .214 120 3
Oil . .282 400 8 80 G3. . . .803 120 3387K
28 , . , .273 120 8 SO 49. . . 2'JO ' 100 3 ' .10
( JO , . , .270 200 8 60 53. . , .029 so 3 1(0 (
04. . , .29S SO 8 8D 04. . . .253 80 3 'JO
55. . , .245 120 8 80 40. , . .353 100 3 HO
GO. . , .270 100 (54. ( , . .274 120 3 90
05. . . .320 8 SO (55. ( , . .280 120 3 1)0 )
00. . . .843 80 8 SO 51. , , .8H 40 3 90
G ! . . . .313 100 3 SO 07. . .202 3 90
09. . . .288 120 3 80 58. , . .279 120 3 )
nt. . . .SIM 210 223 1(50 ( 3 00
07. . 121) ) ! ! 870 230 a ii2H
43. . 80 . .213 20U a 92
(11. . . .279 80 ( .3. . .237 100 3 02K
00. . . .2(52 ( 120 54. , . .380 80 11 03
05. . . .278 240 01. . .241 200 a 93
GS. . . .27(5 ( 120 3 82K 69. . .301 3 OB
C'J. . . .351 80 3 82K 75. . .319 40 8 95
05. . . .2(53 ( 120 8 82 } < 57. 272 80 a 03
57. . . .274 120 882 } 57. . .811 120 8 95
67. . . .2SS 120 885 74. . .233 120 8 93
57. . . .ins 8 85 53. . . .333 40 3 93
49. . . .231 120 8 85 57. . .207 ' 120 8 93
48. . . .210 80 8 85 75. , . .228 80 4 00
00. , . .2(53 ( 440 3 85 70. . .239 120 ' I 00
59. . . .107 000 3 85 79. . . .243 12U 4 00
79.GO.
03. . . .281 40 3 85 GO. . . .4(14 ( 4 00
74. . . .230 240 3 85 73. , . -.223 80 4 05
03. . . .277 100 385 74. , . .227 4 03
57. . . .258 120 8 85 25. . . .230 40 4 05
03. . . .803 80 3 85 03. . . .199 40 1 03
48. . . .303 120 3 85 140. . . .230 120 05
( M. . . .202 10 ! ) 3 85 50. . . .235 SO 03
120. . .238 200 8 83 33 , . .197 40 05
CO. . , . .293 100 3 85 04. . .199 4 35
70. . . .204 210 8 85 83. . .810 200 05
70. . . .253 two 3 85 112. . .211 05
04. . . .234 100 3 S5 113. , . .210 40 4 05
On the Aliirlcor. To-ciay.
Gus Hradonburg , of Molina , came in with
hogs.
C. W. Lumm , of Henderson , la. , had hogs
on the market.
Bruen & Huatlngton brought hogs la and
nro looking for feeders.
O. S. Uaird brought two car loads of hogs
up from Langdon , Mo.
Sackctt & Hawks shipped in four carloads
of hogs from Cedar Bluffs.
James Hammond came In from Corcso
with two loiuic of butchers' ' stock.
W. S. Union , of Oakland , la. , had hogs on
the marttut and was looking for feeders.
.f. U. Uurkholdor , of Woodbine , la. , was on
the market and had ono of the finest
lots of heavy hogs brought to this market for
a long time , and Mr. Uurkholdur topped the
market fur months on heavy hogs , getting
M.OO.
John Lucoy , West Side , la. , was bora look
ing over the cattle market. Crops in that
vicinity ( Crawford county ) nro largo nnd
there are a good many hogs nnd cattle. The
cholera has put in un nupuaranco in the
southern part of ttio county.
Omaha will have n f nt stock : show , to como
Immediately after the Chicago show. No
pains or oxpcnso will bo spared by those
much alive pcoplo to muko thu show a suc
cess and well worth attending. Northwest
ern Live Stock .lournal.
iK 1'orimc } .
The following psrjilti wara Uvjsl by
Building Inspector Whltlook yesterday :
Thomas Davis , coitngo , 1'lerco and Nluo-
toentli . . I ] 000
I ) . Mcltuyru , cottngti , ( Jriint and Tirouiy-
lltth. .
Frank Mlltholvr , dwelling , Ohio und
Thirty-fourth . i oou
John I. Shaw , addition , Hamilton and
Fortieth . j oofl
M. Donnelly , throe dwellings , Webster
nnd Thirtieth . 0,000
M. Donuully , two dwellings , Twenty-
fourth and Hurt. , . . , . 4009
M. Donnelly , lirick stores and Hats , Kur-
nnni anil Tiventy.nlmli uv . 20,0 * )
William Uooliefolt , two-story residence ,
Klshtocnth und Caattillur . , . ijffl
Vivo minor permlta . j,4uo
TtilrliCHpurmlts , aggregating . lio.uuo
Interim ! Iluvunuo CIIUIIIIOH.
Internal Hovonuo Collector Peters has
commenced to rupluco some of the Cleveland
democrats holding oflloo under his jurisdic
tion with good republicans , Ho has put Q ,
W. Tiornoy Into Her & Co.'s as well ns A.
1'Vlck & Co.'s ' warehouses , at gaugor , rolelv-
ing K 1) , Smith. Inasmuch as Tiornoy hold
n similar position nt the Willow Springs dis
tillery , his transfer caused u vacancy there ,
which was given to C. H. Wilson. Messrs.
Hughes and Calkins hnvo been mimed as
store keepers nt the Willow Spring distil
lery , ns successors to a. K. ( Jedultlg and
John Stelnhart , removed.
A Unique KnCoctnliiiiinnt.
Tha ICnpx Presbyterian church , on Nineteenth -
toonth and Ohio , was the scene of a uuiquo
entertainment Friday evening , There were
riovcn booths , each representing a day in tha
wcolc. Thus Monday was wash day ; Tues
day , Ironing day ; Wednesday , mending day ;
Thursday , reception day ; Friday , sweeping
day ; Saturday , baking day. Refreshments
suitable to each day were served In each
booth. The sucodts of the affair was due in
n great treasure to tbo personal efforts of
Mrs. Hayor , president ot the Ladles' Aid so
ciety.
Murrlairo
The following licenses were issued by
Judge Shields yesterday i
Kamo anil Residence. Ago.
) J. P. Smith , Omaha. . , , , . , , , . 20
( ICmma Warren , Manhattan , Kun . . . .19
( Theodore Carey. Omaha . , . . , , . 23
I Olio Polcrson , Omaha . 20
j Wiley Itlokoy , Topeka , Kun. . . . . . . . . 37
I Hetty Uoystor , Omaha. . . . . . 30
Small Customer Muuuna wants n pound
Of boneless codfish. Grocer All right
sonny. Anytblnjc olsol'An1 a dozen eggs.
I guess she wants them boneless , too. "
THE SPECULATIVE MARKETS ,
Wheat Shows Ita Only Flrmnosa
at the Start.
SPIRITLESS TRADING IN CORN.
Ontq Show Up lint tier Finn Pro
visions 1'rovo Pnlfly Intcroot-
InR Cattle IltiRlncss About
the Snuio Quotations.
- CHICAGO PUODUCR MAHKET9.
CIIICAOO , Sept. 27. [ Special Telegram to
TUB UBE. ] The wheat market was firm and
oven strong early today , but na n whole it
wan heavy in tone , and n sharp decline oc
curred In the last hour and n quarter.
Sentiment was bearish , though great caution
wns exercised In starting the market. The
demand wns moderate und offerings were
not excessive In the first half of the session.
Four out of live of the operators who wcro
were "whooping things up'1 a few dnys ngo
nro outspoken for a reaction. Cables came
along c.irllcr than usual , and the blackboard
was distinctly not bullish. For thnt matter
It has not been bullish for two weeks , the
Interior receipts being largely In excess of the
shipments , while exports nro discouroglngli'
light. A great deal of steam has been lot off
In the speculative market slnco lust Wednes
day , nnd , ns no now fuel has boon added , the
fueling Is that of languor. Indications would
point strongly In the direction of n further
reaction but for the ono fact ttiat stocks of
contract wheat arodangcrously light and tho.
quality of arrivals continues to make a poor
showing. H is trno that the advance of the
past ton days has started considerable wheat
forward , but only n small percentage of it
will como to Chicio. St. Louis
will got the bulk of southwestern wheat
nnd Dtiluth nnd Minneapolis the bulk
of northwestern wheat. The movement In
thn northwest promises to increase to o
larger volume proportionally than further
south. Indeed , thu principal factor of wcait-
ness to-day was the assurance received by
well Informed people that n very urgentdo-
mand for ears in Minnesota und Dakota portended
tended n very heavy movement of spring
wheat next week and possibly for consider
ably further in the future. Disnntuhos from
Duluih early in the dny mentioned the work
ing of 75,000 bushels ot hard wheat for ex
port , but this could not bo "confirmed. Now
York advised that eight loads hnd boon taken
there for shipment to South Amer
ica. The local market did not display
decided weakness until nearly 12 o'clock.
Up to thut tlmo December liud averaged
about 8o ! ) and May above H.ljtfc , the extreme
rnngo having been S2JfSyVo for December
ami 8r J < @Sri ? c for i\lay. During the last
hour , however , values receded nnd the mur-
icct did not manliest rallying power. Last
prices were at about the bottom nnd the tone
at the finish was that of weakness. Decem
ber opened ut S3e , scld off J c , advanced to
SJI'Sfe ' , clung around 83o for awhile
and then advanced to 8333. ! c ,
Mitchell loading in the buying. The
market slowly yielded , ' @ > Vo and ttien sud
denly broke uff to S2j9 c. f ho recovery to
S2 Xowas followed by a decline to 82 > c.
Thu last fifteen minutes of the session were
not marked by especially now features. The
closing quotutiou on December was S29B'c , a
uot loss of . ( c. May sold nt the opening on
n basis of 85)40 ) , then off to S3J c nnd up to
85 > @Soc. A decline to 85J4'85 o fol
lowed nnd subsequently a bulge to 85 % @
b ! > J < c. The long break carried the price to
81&o. The close was 85JHO. September
ranged nt 8ia < @SCc nnd closed nt SO' c.
Trading In corn was spiritless und the ten
dency wns toward still lower llgurcs. Tran
sactions are said to bo curtailed by firmness
nnd n scarcity of ocean tonnage. The ship-
plug demand hero confines Itself at present
largely to high mixed nud lower grades.
There was again a good deal of chancing be
tween October and December , selling out of
the near nnd buying the moro distant deliv
ery. The range df fluctuations was slightly
wider than has been usual for some time ,
but a further loss In values was the ultimata
outcome. September sold early nt 3l ? c , but
declined to 312 < c , und closed nt thut , and
May sold from : i3j o early to ; J3J c mtor , and
closed at UIljJ.J'c bid.
Oats wcro rather firmer to-day and consid
erable lifo was Infused iuto the deal by
quito heavy trading between lliitclilnson
nud Sibloy , the former selling and the latter
buying 300,000 to 400,000 bushels for May
delivery. Trading in near futures was small.
Receipts arc not excessive , but seemingly
HuDloient to provide for the necessities of
buyers. Closing quotations record a small
advance- the whole list a moro fraction.
Provisions were fairly interesting. In
October there was some buying by commis
sion houses supposed to bo employed by ma
nipulators , and in later futures of pork ns
well as In lard nnd short ribs , trad
ing made quito a Rood showing for Satur
day. T'tiero was no marked activity nt
any time , but the easier turu to prices , as a
rule , induced considerable covering by
shprts whoso operations wcro well distri
buted throughout the session. Prices were
affected by the continued good receipts of
hogs nnd predictions of local arrival * this
coming week amounting to 120,000 head.
Kxcoptlng October pork , ttio closings all
nround wcro lower than yesterday's last-
quotations. In November pork the dcclmo
suffered was l2Ufc , in September lard and
January lard 5c , nnd in October short ribs
nnd January porlt XJ c. October pork was
20u higher.
CHICAGO LilVK STOCK.
CIIIOAOO , Sopt. 23. I Special Telegram to
Tin : HKK. ] CATTM : Hcccliits were about
evenly divided between natives nnd Toxans.
Business was nbout the same as on any.
other day of the week. The few good steers
on the murkut sold nt i.50@I.GO , und plain
stock dragged along us usual , la some in
stances selling n shade easier. Texans
ruled steady and there were no ranpers on
sale. Choice to oy.tr.l beeves , ? 1.15@4.25 ;
medium to good stccr& , 1351) ) to 1500 Ibs ,
3.GO@UO ; 1200 to 1350 Iba , * 3.203.80 ;
050 to 1203 Ibs , ? J.SOJM.40 ; stockers and
feeders , quiet at $1.00@3.10 ; cows , bulls nnd
mixed , * t.S5 ( < 83.73 ; bulk , 81.00@2.2o ; Texas
cattle. * l.nig)2.15 ) ) for bulls nnd cows , und
M.l)0it2.i)0 ) ( ) for stoorf. ; natives und half-
breeds , ? 2.50@3.50 ; cows , $2.00 ( 2.33.
Hoes The demand was active and prices
steady. At ono tlmo in the morning in the
Houlc Island division a few loads of packers
sold a nlcltol lower , but the general market
was steady from the opening to the close.
Puckers paid $3.'J3@ 1.13 and shippers ? 4.10ft (
4.30 , with butcher nvuraires ut i l,15@4.r > U ,
light sorts ? l.r > 5@1.75 and singe sorts fl.SOQ
4.85.
F1NANC1AU '
Nnw VOIIK , Sept. 23. | Special Telegram
to TIIK HEE. ] STOCKS The bulls In Blocks
were not discourage. ! at the unusual transactions -
actions of yesterday. They very properly
attributed thrj set back In railroad stocks to
the occentrlo action In sugar nnd the drop In
Atchlson. The causa of the weakness In
those stocks , they agree , cl oes not affect the
rest of the list. They further contend that
with such disturbances as existed most of the
active stocks showed remarkable llrmnoss.
The holding of Grangers was excellent.
Fresh gossip 1ms started nbout the pool In
Burlington , which will soon cause a sharp
advance In that favonto stock. The intro
duction of natural gas at Chicago Is also
discussed m Its bearings oa gus certificates ,
The money question is a great obstacle to
bull plans , and Sage and others , who are
looked up to , say that the spasms are about
over. Tlio opening to-day was marked l > y big.
offerings of sugar. Atchison , and Louisville ,
Hull commission houses bought freely on the
declines. First prices , while somewhat Irregular -
regular , were generally lower , and declines
from last evening's figures extended to f ( per
coat , though sugar and Jersey Central were
each up J Sugar and Atcalson , of
course , still monopolized attention and each
began another decline Immediately after the
opening and sugar droppedJl , per cent 87 nnd
Atchison ) { to 81. Thorfe-Whs n partial reac
tion from thcso figures , buVho material Im
provement wns mado.Tfco pcnoral list ,
though Loulsvlllo & NMflville , Heading ,
Missouri Pacific nnd Untof Pacific ahowoa
considerable activity , was generally dull nnd
fluctuated over nn extremely' narrow range ,
whllo the general drift of prices wns down
ward after the first few minutes ot tradtnir.
Lake Shore lost } , but tho'Others mudo only
slight movements. Cotton oil declined to
47Jf , against 49 last evening , but recovered
to 43JJ nnd sugar to 63 ? The bank state
ment showed a further decrease In reserve * ,
but this wns already ! discounted , and the
closing hour In stocks brought llttio change.
Sugar recovered lo lust night's figure 00 > .
Atchison nlso returned to 35 > . The Granger
croup closed with small fractional gams.
Missouri Paolllo gained J , Manitoba J < i Jor"
soy Central * i and Pullman 1 per cent. The
total sales were 102,000 shares for tlio half
dny.
11. S. 4s rf Rtilar. 1M''Northern ; ' 1'ftcluo. . m
U.S.4scoupons..U7i ! do preferred 741 $
U.S.4lt8rcxuinr..io.is o. AS N. W my
U. S.4Us coupons.HfiS doprererrcd..Ul
I'acillMW or 'U1..1IH iN.Y.Uontrnl lUStf
Central Pacific 3A < 4 l . D.AR > H
Chlca&ofcAlton..l ) iltoeklslaml Ktt'i '
Clilcniro.llnrllngton U. , M. & 8U1' . . 78H
AOtilac.v 1DSM1 doprefttrred 16U
D..L&W H7X StJtail feOmaha. . ! My
llllnolsCentral liny ilopreferrod 100
] . , U.A : W. , Hit Union IMclllc B5 ?
Kansas AcToxtu. . , . ' \V..St. ' u. iv 1 . . . . . . . 1 ' 4
Lake Shore doprBforred. . . . . . J'-S-i '
Michigan Contra ! . . Kl Western Union. . , . C'l '
Missouri Tactile. . . . 7r.i
MONKV ON CALL Easy nt 4K Per cent.
PniMR MEUOA.NTII.U I'APKrt 0 7' per cent.
STKIIUKO EXCHANGE Dull nnd steady ;
sixty-day bills , Si.83 : demand , S4.SG.
Alining Stocks.
NEW Yonif , Sent , 23. fSooclal Toloffram
to THE UiSB.l The following ara the min
ing stock quotations :
Aspen 7iX ) TmlopenAenco 00
llolctier ' , ' 00 Mexican 3W
Host und. lclchcr.o ! ! Mutual HO
Caledonia 1) ) . H. . . ; n Ontario 3IM
Chotlor UK ) Ophlr 4GO
Crown Point 2M Occidental 115
( Jnsiiler. . : 41)0 Plymouth 10J
Commonwonlth. . . , "iX ) Savage lfi
Colorado Central. .103 Slurra Nevada ! M >
DeadwoodT. IfO Small Hopes 11HI
ttould * lCurrj-.lK ! ) Union Cousolldn'd.ir ! ! >
IliileA Norcros3..3 9 WiiraConsotidn'a..llO
Ilomestako IKH ) Yellow Jacket 35 }
Horn savor li3 !
CniCAno. Sept. 2S. 1:15 p.in. . close
Wheat Lower ; September and October ,
o ; December. SJjtfo : May , SIKc.
Corn Lower ; September , 3t > c ; October ,
tfc ; May , .TIl c.
Oats Firm ; September , lOjtfc ; October ,
.
Hyo September ,
Uarloy October , ( Vie.
Prime Timothy $1.21.
Flax Seed Cash , ? 1.2SMay ; , $1.37.
Whisky 41.0&
Pork Steady ; Scptcmoer nnd October ,
$11.25 ; January. J9.27M.
Lard September , Ja.10 ; October , ? 0.02 } ;
January , ? 5.87J < .
Flour Winter wheat , f3.00@4.40 ; spring
wheat , § 1.2505.00 ; rye , $2.50@2.n5.
Dry Salt Meats Steady , ; 9lioulders$4.37J6
@ 4.f > 0j short clear , $5.50i ! .T.63K ; short ribs ,
§ 0.00. '
Butter Fairly nctlvoVcrenuiery , 10 } @ 23c ;
dairy , l @ 20c. ' ' 1
Cheese Steady ; full cream cheddars , OJ
Hats , 0 > f@10c ; Young Americas ,
.
KKKS Steady ; fresh.10i . < f@17c.
Hides Steaay ; light nu'd heavy green
salted , fie ; salted bullIJfc / ; green salted
calf , 5Ko ; dry Hint , ( > @ 7o ; . dry salted , Co ;
dry calf , 5@Uc ; ueacons each , 20c.
Tallow Quiet , trifle weaker ; solid packed ,
3 > c ; cake , -l > c.
Receipts. Shlpm'ts.
Flour . 1. 18,000 27,000
Wheat . 00,000 20,000
Corn . < i.j 303,000 , 500.000
Oats . ' . . . .1 2.000 05,000
Now York , Sept. 28. Wheat Ko-
ceipts , 1)4,000 ) ; exports , B2OfiO ; spot moder
872 < ic ; No. 3 red,7fi } c ; options fairly notivo ,
lower , steady No. 2 rod , September ,
Corn Receipts , 532,000 bushels : exports ,
110,000 bushels ; pot fairly active , weaker ,
No. 2 , 40c : in elevator , 4UK@40 > c ; afloat ,
No. 2 white , -lO lo ; ungraded mixed ,
Oats Receipts , 141,000 bushels ; exports ,
1,300 ; spot firm , quiet : options llrmer , quiet ;
September , " ( % o ; October , 2io ( ; spot No. 2
white , SS.'iliji'-'s.Hfc ; mixed western , 24@23c.
Upffcu Outions closed barely steady , 15@
23 points up ; sales , 31,250 bugs ; September ,
fl5.COfu15.7.V ! October , $15.70 ; November ,
$15.50@ > ir .rO : spot Uio firm , cargoes Sl'J.oO.
Eggs Fir si ; westerns , 22 Q23c.
Petroleum Ssteady , quiet ; United closed
nt OOJ c for October.
Pork Inspected moss , $12.25@12.75.
Laid Quiet , easier ; western steam , ? O.GO ;
October , tti.50.
liuiter Firm ; western , 0@2d ) c.
Cheese Finn quiet ; western , ri9)fc. ( )
Sugar Steaay , quiet.
Minneapolis Sopt. 23. Sample wheat
weak ; receipts , ! ! OJ cars ; shipments ,
37 cars. Closing : No. 1 hard , September ,
7c ; October , 7Sfc ) ; on track , 81@32c ;
No. 1 northern , September nnd October.
TCKc ; on track , 78@70o ; No. a northern ,
September nud October , 72o ; on track ,
Milwaukee , Sept. 2S. Wheat Easier ;
cash , 74 , ' o ; October , 74&e.
Corn Dull ; No. 3 , 32c.
Oats-Quiet ; white , 22jfc.
liyo Easy ; No. 1 , 42J c.
Uarley No. 2 September , 57@5SJ c.
Provisions Easy ; pork , cash , 811.00.
Ijlvnrnool , Sept. 23.--Wheat Quiet ;
holders ofTer moderately ; California No. 1 ,
7s ! id@7sId per cental ; red western spring ,
7s } < d7s l } d ; red western winter , Oa lid
( 40s I0d.
Cora Quiet.
K uiifiiis Oi i y.Sopt. 2S. Wheat Stronger ;
No. " hard , casli , and September , Coo ; No. 3
bard , cash , und September , COu ; No. 2 soft
cash 2 bid.
Corn Steady : No. 2 cash and September ,
21o ; October , 22fo bid ; No.3 white , cash
and September , 2iu bid ; October , 23o bid ,
Oats No. 2 , cash , September , und Octo
ber , 17c.
Cinolminii , Sept. 23. Wheat Steady ;
No. 3 rod. 82c ,
Corn Firmer : No. 2 mixed , n c.
Oats-Firm ; No , 2 mixed. 22' < fc.
Whisky ? 1.'J3.
Ht. ijiinlH , Snpt. 23. Wheat Lower :
cash , 81 Ko ; October , 70c.
Corn Lower ; cash , 2Dcj October , 2'.l
Oats Firm ; cosh , ISo ; October ,
Pork Steady utll.U ( ) /
ULurd Firmat f5.B.r ) . -
Duller Firm ; unchanged : croamcry , i253 !
SJlc ; dairy , lOC-USc.
\Vhl9ky 11.02. , .
IilVK STbblC
, Sopt. 27. The Drovers * Journal
reports us follows :
Cattle Receipts , -1,500 ; , market quiet ;
unchanged ; choleo to. . extra beeves , JI.Ki
@ 1.75 ; steers , 3.60 ® 1,10 ; stookorn and feed
ers , 8UHX33.10 ; cows , bulb > aud mixed , $1.25
@ 2.76 ; Texas cattle , fC.60 3'JO ; natives
and half breeds. $2.00@8.5i.- (
Hoi8 Kocolpts , 15,000 ; * market strong ;
mixed , $4.00@4.55 : heavy , $3.00(31.35 ( ;
light , fl.lO@l.tO ; skips , f3.50Q3.75.
Sheep Receipts , 2,000 : market un
changed ; natives. J2.75644.J5 ; western , $3.00
@ 4.10Toxuns ; , 13.00 ( 1.10 : lambs , 4.005.bO
per cwt ,
KUIIHIW Clty.Sent. 23. Cattle Receipts ,
6,200 j shipments , 265 ; common to cliolco
corn-fed steers , tJ.OO@4.75 ; stockers and
feeders , llrra , $ l.003.50 ( ; cows , steady and
lower nt 11.85(7(2.60. (
Hogs Receipts , C.200 ; shipments , 8,100 ;
market closed lower : light , J1.15Q4.UO ;
heavy and mixed , &J.70@1.70.
National HtooU Yards , Rust fir.
Ijouls , Sept 28. Cattle Koclpts , none ;
shipments. 2,300 ; market steady ; fair to
choleo heavy native steers , t2.15 1.-40 : stack
ers and feeders , f J.15@2.75.
Hogs Receipts , 4UJ ; shipments , 2,500 ;
market higher : heavy. $3.00aJ1.25j packing
l3.80Q4.16i light , $4.1D@4.50.
tilnux City , Sept. 23. Cattle Receipts ,
850 ; shipments. 870 : market weak ; stackers
ana feeders , $1.00@2.70 ; cows , J1.0U@1.03.
Hogs Ilocelpts , 2.1KW ; market lower
light aud mixed , $3.76ij.b7lf ( ; : j heavy ,
Q3.05.
WEEKLI BUSINESS REVIEW ,
Money lu Qroat Demand By tbo
Grain Interest.
CURRENCY FOR THE INTERIOR.
Hugnr Sharon Umlurno a Decline on
the Now York Stock Kxohntigo
More Interest Hani-
feat In Grain.
A. rtcsumn of tlin Country.
CniCAoo , Sept. 23. [ Special Telegram to
TUB HEn.J Thcro Is nn Increasing demand
for loans from mcrcli.ints , munufnoturors ,
grain dealers nna cnttlo feeders , tbo largest
inquiry , however , bolng from the grain In
terests , ns the movement Is Increasing.
There is nlso n Rood deal of grain bnlng
stored ut Interior points nnd sola ngnlnnt
contracts In this market. Grain mo roll nuts
throughout , the west now look to Chicago for
loans , ns they obtain them hero more read
ily than In liny other city. Currency la got I\K \
to the interior In Increased volunio to pay
for grain and llvo stock bclnir marketed.
Country bankers are asking for a larger line
of rediscounts and the fooling Is stoutly , with
n tendency to ilrmucss. Interest rates rnngo
ntfi per cent oa call and OJJ8 per coat on
tlaio loans. A fonturo of the market is the
increased amount of iiionoy offered on the
street ut 5 per cent by brokers representing
eastern Investors , who huvo become
rnthor suspicious of the commercial
paper made in the cast nnd
prefer that of western merchants nndtmanu-
fncturers , ns they bellovo It safer. The inor-
cantllo'trodo bns shown more notivlty tbnn
during the nrecodlng two weeks. Collections
are good. In the oust the market Is strong.
Hank reserves arc down to n lower point
than has been k nown for years , nnd the
number Is below the legal limit. Money In
London Is llrmer , nnd the Liank of England
has advanced its discount rnta from 4 to r
per cent. Now * York exchange wns In moderate -
orate demand nnd sold at 4c ( ) discount to
25o premium per $1.030 , and closed at 40c
discount , Foreign exchange developed mod
erate activity , and1 shippers' documentary
sterling bills on London ranged at § I.S2 } @
4.8'J , and closed nt J4.82Jf.
The features of the New York stock
market were the sharp upward tendency in
Loulsvllloi & Nashville , nnd the decline In
sugar trusts. There was more trading , tak
ing the list on the whole , but most of the
week dullness prevailed outsldo of n few
specialties. The advance in Lomsvillo &
Niishvlllo was due to the announcement that
the directors had decided to issue $18.000,001) )
now stock to take no C per cent collateral
bonds , nnd also to provide for other securi
ties which may bo available. The foreign
pool , which has been instrumental in ml
vauclng the prlco of this Block , also took
bold , ana it is evidently tnolr intention to
sustain the j > rica until nil the now stock is
taken. Prices advanced U > points , and
closed at nearly tlio outside of the week.
Sugar- trusts were sold , freely by traders ,
who started the downward movement. Tlio
decline brought out a large nuiount hold on
"stop orders" and produced a decline , but it
was not of special importance , and thu close
was at a net loss of 13 % points from last
week. Other trusts were affected by me decline -
cline In sugars , nnd , although trading in
them was only fair , prices ranged lower.
Northern Pacific preferred received n good
deal of attention , ns nlso did St. Paul , Bur
lington nnd coal clocks. Jersey Central de
veloped marked strength nnd advanced 4tf
points. In oilier securities tlio changes were
only slight and of no special importance , ex
cept Manhattan , which advanced 5.Jff-points.
Tennessee Coal showed considerable strength
and advanced 0 > l | points under what appeared
to bo manipulation by a pool controlling it.
Closing sales developed declines in the bulk
of the active stocks. The bond market wns
a little moro uclivo nnd linn nt tlio oponlntr ,
but later followed the share list nnd values
receded. The total sales on the New York
stock exchange for the week were 1,103,677 ,
shares.
Moro interest was manifested in tha grain
mantels during the week just closed and
speculative trading was larger than for some
titno past. Wheat appeared to work on an
independent basis being 'influenced by bull
hews generally and ruled higher , but other
cereals were inclined to weakness and prices
hvcraged lower. Speculators , us a rulJ , uro
transterring their trades 'hs much ahead as
possible und longer deliveries are gradually
attracting moro attention nnd will probably
continue so as the close uf lake navigation
approaches. Uqcuipts of grain wcro moder
ately free at the leading western maructs ,
but thcro is X'cry little accumulation , as the
movement by the lake route is quite liberal.
Arrivals at the smaller stations have been
somewhat larger , but parties are now en
gaged in storing grain in the interior , consequently
quently this movement is not felt in central
markets. Considerable money is boinir fur
nished by Chicago bankers for iho pur
chase of grain in different sections
of the west. which has in n
measure absorbed the surplus funds of some
pf the banks. Advices from abroad were
rather moro favorable to sellers , but us a
rule buyers were rot disposed to follow any
material advance in prices. Crop ndviccs
from tlio principal European countries
showed very little change in the general
situation and deliveries of all cereals from
farmers uro sulllciont to moot tlio greater
portion of the uejauml at present , consequently
quently buyers can DO n llttio moro inde
pendent In their viows. Ocean freights show
considerable strength , and this interferes
with business to some extent. Domestic
markets have exhibited considerable life ,
with rather more trading in the
loading cereals , nnd the course of
prices reflected tno in lluonco of the market
imro. In the shipping branch of trnda tlmro
has been n fair business transacted , though
thu recent ndvnnco has checked the move
ment In wheat.
In provisions thcro has boon only a moder
ate trade , though the market towards the
close Indicated a llttio moro activity In the
futuro. Prices have been mnro fuvorublo to
Hellers. Thu shipping brunch of trade was
only moderate. Packing In the wt-st for the
week shows an increase of 50,000 hogs. The
receipts of cuttlo , hogs and sheep continue
qulto llboral for thin season of thu year and
Indicate that farmers are anxious to dispose
of their stock at current prices.
Wonkly It a tilt Ktntomonf.
NKW YOIIK , Sopt. 23 , [ Special Telegram
to TUB HEI : . ] The weekly bank statement
shows the following changes ;
Reserve , decrease $1,015,050
Loans , decrease. . , yjO.OOO
Specie , decrease 1,434,000
Legal tenders , decrease 830,700
Deposits , decrease 2,814,200
Circulation , Increase 14,20(1 (
The bunks now hold $935,700 in excess of
the 25 per cent rule. The exports of specie
from the port of Now York lust week
amounted to (1111,703 , of which (11,000 was
gold and $150,102 silver. All the gold wont
to South America and flio.avj silver wont to
ICuropo and 1,750 silver went to South
America. The Imports of spcclo amounted
lofOl.OSl , of which ? 33J02 was in gold and
(23,222 , in silver.
Who Owns tlio Country ?
Lotus inquire whothorthoroisunyox-
cessivo concentration of wealth going
on in the Uultod States of America ,
saya Thomas G , Shearman in the Sop-
tombcr forum. Leaving moro cliunor
and unsupported assertions out of con-
slderution on either aide , lot us look
into fuels. As lately us 1817 there wits
but one man in tins country who was
reputed to bo worth moro than $5,000,0JO ( ;
and though some estimated his woiiltli
nt ? 20,000,000 , there is no good reason
for believing it to have been so great.
At the smallest reasonable estimate ,
there must now bo moro than " 50 per
sons in this country whoso wealth aver
ages over 20,000.000 for each. But lot
us call the number only liOO. Income
tax returns show that the number of
incomes , when arranged in largo
classes , multiplies by from three to llvo-
fold for every reduction In the amount
of ono-hnlf. For extreme caution , how
ever , wo estimate the Increase in the
number of incomes at a vary much
lower rnto than this. At this reduced
rate , the ntnountof wealth in the hands
of persona worth over $500OQO each in
the Uultod States would bo about as fol
lows :
200 person * nt (20,000,000 ( 4,000,000,000
400 " ' 10.000.000 4,000,000,000
1.000 " " 5,000.000 5,000,000.000
2,000 " " 2.000,000 0,250,0110,000
7,000 " " l.dOO.OOU 7,000,000,000
20,000 " 000,000 10,000.000,000
$30,350,000,000
This estimate la very far below the
actual truth. Yotovon upon this basis ,
wo are confronted with the startling
result that 31,000 persons now possess
throc-flfthflof tlio whole national \voaUli ,
real and personal , according to the
highest estimate , ( $60,000,000,000) ) which
nnyono has yet ventured to make of the
aggregnto amount. Nor is this conclu
sion at nil improbable.
PERILS OF ELECTRICITY.
IKII of liifo nnd I'roporiy
Kroin Klcctrlo Iiti ntVlrew. .
When the electric currants were first
used for the purpose of ithimlmitn ! < ;
dwellings and ollleos the mnnngor of a.
plant cicctcd to furnish tills light of
fered to place the apparatus in this es
tablishment free of cost as tin advertise
ment for his company , says the Now
Journal of Commerce. AVe declined on
the ground that having nlroady paid
the lightning man a considerable sum
for copper rods to keep the electric cur-
rout out of the building wo did not
think it wise to contract for other con-
duclurs to bring the dangerous iluid
into the weinlsos. Wo had grave
doubts of our ability to control the vis
itor after Its entrance , and were not at
all usbKj.0 by the positive statements ot
the projector that no harm could pos
sibly come to anyone from it , no matter
how it was handled. It was only a few
weeks afterwards thnt n young man was
manipulating a wire that liglitod his
employer's store and received a shock
that ended his mortal career.
AVe have siuco soon n horse passing
along the street drop suddenly as if hu
had boon shot. A young mini on the
sidewalk stepped nut and seized the
horse's bll in order to holt ) him up , and
ho , too , wont down. There was n heap
of the victims before it was found that
the animal had not slipped on the
sewer cover , as was supposed , but had
receive the shook from n wire that had
charged the metallic plate. Our atten
tion was called last year to the work of
placing the connecting wires in an im
mense building in JJrooklyn , with n
view of lighting the promises to bo
used for one of the great modern ba
zaars. As wo siw : tlfo conductors led
up to the window frames wo remarked
to a companion concerning the evident
danger of such a method ot handling
the electric force. Not many 'weeks
afterward the work of making a display
in the show window disturbed the wire
and the place was "struck with light
ning" as literally as if the current had
conn ; from a.i overhanging cloud. As
it was in the day-time and holy was
near , the damage was reported at only
$8,000 , but the accident might have
wrecked the whole establishment.
With each succeeding month the
number of victims and the evidences of
attending peril are rapidly increasing.
The Kith inst. a fruit dealer who had a
litllo stand in front of No. IW2 Houston
street wont up on the iron awning that
covered it to clean out the little gutter
from which the water was dripping
upon his fruit. Ills foot slipped on the
iron polo and ho fell with his ncok
across a wiru that ran along the edge of
the awning. Wo need not re'poat the
sickening story , but his mutilated body
was taken home to his dwelling , and
his poor widow has no redress. The
same day there were several other -vie
tuns who were working in the vicinity
of a triiHpipo which n sagging wire had
touched and charged with u cul-ronc.
Their lives were saved by timely li olp ,
but the woodwork about them was con
sumed. A few days afterward Soi'Reant
Runk of the police was sitting by the
burglar alarm at the station when .it
was uot in motion , nnd on his arising to
call the patrolman hu was knocked
senseless. The trouble came from the
'crossing" of u wiro. His life was saved
by careful medical skill. At about the
same moment an electric lamp in front
of No. 127 Christopher Btreet _ began to
vomit sparks , which How in all direc
tions and sot lire to the second story of
tlio house. In the same day's journal
in the story of young Powers , a lineman -
man employed for this purpose , who
was ropuring the wires of nn
electric light in from of No.3.r > 0
East Thirty-fourth street. Ho raised
his ladder against the polo and ascend
ed to the burner.yimt next happened
is not known , but his body became violently
lently convulsed , burned and distorted
and ho fell dead to the street. As wo
are writing this wo learn that the oloe-
trio light wire ntan early hour Wednes
day morning sot Uro to the third story
of the Molllt building , No. 68 William
street , nnd another in front of No. 610
Uroadwuy was emitting sparks of lire
and was cut just in time to save the
promises.
These are only n few instances taken
at random to show the peril thnt at
tends on this method of lighting the
streets , and especially of illuminating a
dwelling. Many hundred lives have
nlroady been sacrlllcod and much prop
erty destroyed. How many liros whoso
origin is secret , have boon started by
this agoncv cannot bo told. The light
itself wo regard as unpleasant wti other
it is used in the street or for olllco nnd
household purposes. But it has
como to stay wo suppose ,
und it is useless to protest
against it. Our object in calling atten
tion to tlio danger of life and property
nrislng from its UHO is to enforce the
obligation for greater skill nnd care in
providing und maintaining thu conduc
tors that nro charged with such a
deadly current. The city authorities
uro taking no steps , ns far as wo can
learn , to reduce the peril by exacting
greater care in Btringinir , supporting ,
and insulating the wirosnnd the owners
of thu various plants seem chiefly intent
on distributing their stock und boonring
customer nnil Income.
It is nil very well to Hay thnt people-
should not bo careless , and that every
man should Ionic out for himself. Hut a
whole row of people that were looking
out for themselves , as they supposed
were drnpnod in front of a church and
twisted into inhuman shapes by
the su'ldoii contact of u wira
with the iron fonuo on which
they hud placed their hands , or
oragainst which tljoy were loaning. The
Doril is one ngainst * which no nno can
guard by ordinary diligence. In cross
ing the street two ladies stopped on the
iron cover of a manhole , and were
toppled over into the mud. They wore
not eorioualy burned , but sustained u
nervous us well IIB nn electric shock ,
from which tlioy will not recover for
many a day. The menace thickens
about everywhere. No man known
what it is safe for him to handle , or
where ho may place his feet without
inviting the UHBOOII death. Wo think
it IB full tlmo that some voice was
raised that will bo heard throughout
the city und the country ns well , and
stir the sluggish authorities up to a
so n BO of the common peril und the ne
cessity of greater ttafoguurds in the ex
tension of these electric appliances
either for lighting or motive power ,
PHILANTHROPY THAT PAYS ,
Houses That Are Sold oa the In-
otallmont Finn.
"THERE'S NO PLACE LIKE HOME. "
Kipoolnlly If You Have to Horrmr
ftloiioy to llullcl It Tlio itonl
Kcstnto nnd Ilulld-
Inc Itovluw.
Houses nn the Inntnllniont IMnn ,
"Is It cheaper to buy n fiouso nud lot on
the in.itnlltnont plmi than It Is to pay rontl"
Thnt is the question thnt Is agitating the
minds of nlno out of every ton wuxo-carnlnif
Ucncdicts in the city who hnvo positions that
nrti proappctlvoly pormnncnt nnd reasonably
remunerative.
Like most question ! * of Importance this ono
has ut lonst two aides.
The moneyed nmn , or ns laniard frequently
the cnse , the rcnlty speculator , who lins
property for snlo on this plan Ims a ready
nfllrinutlvo nuswcr to the question ntul nn
nhumlnuco of documentary evidence 1 n Blip-
port o' his position. I'lnco the proposition
before him nnd HCC how quickly he will pro
duce ninpa , eluirtn , piunphlutit and nn army
of figures thnt will convlnco the most gkop-
tlcnl nnd cautious nmn that It is the nhcorcst
folly to pay rent when "a homo of
your own" fun bo so cnally
obtnlnod. Ho will exhibit in bewildering
tabulated llpnrcs a do/ca different systems
of iircumniutiiiK real property on the install
ment plan without uotimlly paying anything
for It , The Hchcmos , always rc.solvo them
selves into one formula. Von buy n lot for
? 1,500 with u house worth $1,500 and pay for
It In Installments that are but slightly in ex
cess of what you are now pit.vini ; for rent.
In u word , the philanthropist , as nvory co
operative builder Imagines himself to be ,
offers to invest $ tlOiK > forj.vou and ulvos you a
( tunica to pay It bnclc In small Installments ,
with , of course , a reasonable interest on the
investment , us an Incidental fuaturo of the
bargain and a reasonable sum in advance t > y
way of 1'naranteo. .
On the face of it the plan appears an ex
ceedingly seductive ono , Von h.ivo only to
pay a reasonable lunt upon tlur house your
philanthropist builds for you and after u lil-
tlu while the house.is your own. Tim ochomo
would seem to bo ono for placing the poor
man on a basis of satisfactory conuiotonco
without Implying the necessity for personal
exertion on his part.
The story is n pretty ono , but docs It pay ?
A UBB reporter , with tils mind stored with
gratuitous Information nnd n poeUet full of
pamphlets , furnished by an "Installment
I'hihmthroptst , " hat mndo an extensive In
vestigation Into the workings of the scheme.
The plan has been worked for all It IB
worth In Onmhn , nnd thu houses built nud
sold upon this plan during thu past two years
are numbered by hundreds. The "Install
ment plan" men have distanced Iho slower
paced , conservative ) building associations in
thu work of providing toilets with houses of
thoirown. lint have the results been bone-
llcml to the investors ! hi the opinion of
mime of the most rcspousiulo nnd conserva
tive house owners und real estate men in thu
city , it has not.
Mr. Hugh G. Clark , in speaking of the
mutter saiu : "It is utdick scheme. I know
of a case in which n well known capitalist
cleared up several thousand dollars on an
"installment" deal without investing u cent.
Ho bought twelve lots in Monmonth I'nrlc.
Lioforo his ilrat payment was duo ho built
a house on cacli lot oa thu installment
plan and sold thorn nt$2r 00 each for n house
and lot. The lot cost fsH ( ) , nnu the permit
for the house called for the expenditure of
f 1 , . ' > 00. Ho mortgaged the whole business
for fiOD ! ! ! and cleared $ -00 on ouch house and
lot and never put up a cent. The purchaser
paid $200 down nnd has a $2)00 ; ) mortgage
against his house nnd lot. The interest on
this at 8 per cent amounts to $1 1 u your. "
Further light wns lot upon the scheme by
a well-known builder , who was talking with
the reporter in the building inspector's ofllco
when an installment agent came in for a per
mit for ton houses on n certain street ouch to
cost $1,000. "Those- houses will bo built for
? li300 each at thu outside , " said tlio builder.
"They will bo built on lots that nro worth
say Sl.OOO each. The purchaser pays ? -,500
and thinks ho has a bargain , while the seller
pockets $300 on each salu or $3,000 on the
ton. "
Another man , on the contrary , said :
"No man can reasonably exnect something
for nothing. The Installment , plan in other
cities nnd when conducted by straight busi
ness men has been n boon to many a poor
man. The rcol'udvaiilagu is in Iho fact that
ho is porjiiitTod to buy a homo on small
monthly payments , with interest ; whereas ,
if ho were required to nay for a homo out
right or make n largo advancepuymcnt , it
would ho impossible for him to buy a homo.
Kv < * ry gnod eitlx.on wants a piano that ho'ciin
call his homo. If ho permits himself to bo
cheated by an avaricious speculator , ho can
not justly condemn the plan. Lot him Und
any honest dealer : there nro man such In
Omaha. Then , again , there nro ninny men
working for salaries who can nit , or will not
save n cunt until tlie.v huvo obligated them
selves to moot a given debt. This question
has been weighed by many minds , and when
fairly considered , the conclusion has in
variably been reached that it is a good Policy
for a man to own u homo. "
lillilllillt ! NotCH.
Gcorgo Lyman is bulhllntr n frame
dwelling on Capitol avenue , near Twenty-
Boventh Htrect. to cost $ > , ( ) CO.
Smith & 1'olter will build three residences
on Cnldwoll nnd Twenty-Huventh strcetn. to
cost 0,5X ) .
John Hopkins will put , J10.000 into four
houses on Orchard Hill.
Herman IJoiss will build n WK)0 ) brick
residence oa Hpcncier and Twonty-second
streets.
K. A. Benson is building a JIO,030 , residence'
on Dodge Hlreet , near Clinton ,
Johnson & Woberg nro building u $10,000
brick tenement on Nineteenth street , near
Spruce.
H. U. Coryollis building ( if5OW residence
on Orchard Hill. '
The permits for the week were us follows :
Monday f ar.7TO
Tuesday 11,450
Wednesday ,475
Thursduy IT.IITS
Krlduy lo.ilio
baturd ay ! O.UOO
Total (1143,440 ,
Ittilll Kfilutc. .
The real estate tratisfora for the week
were ns follows :
Monday gil.ftW
Tuosduy
Wednesday
Thursday
l-rlduy 00i } 'J
Saturday , IXHO ) :
Total * ! MT,4II5
The mooting of the Union f 'aciflo dlrooto.
rate In October promises to bo nn Important
ono. That the l'rt Worth dual will bo dU-
posed of In Bomo manner Is generally conceded -
ceded , und that thu sumo will result In the
absorption of the road m expected. The ques
tion of forming a trafllu urrangmnont with
the Manitoba will como up notwithstanding
that elaborate denials have been made by
certain officials. It In also staled that there
will bo u ruork'anltatlon of the management
of the Union Pucllht , und that the chungo
will olfcct olllelals high up nn the judder ,
AH much ns Ibis has been nald by nn Indi
vidual clothed with authority to institute
changes , provided there bo no Intervention.
Hut Just what changes uro to bo made Is a
secret , stored uw.i.v In the mind of Vioo
President Holcomb , whuro ho promisor it
will remain until ho causes u circular tc bo
Issued.
, An Unnsifil Your For Klrus.
During the twunty-four bourn ondlug IM-
day evening at U o'clock thorn wcro nix ( Ires
in Omaha. This U iho largont number of
conflagration ) ! tint n iw , occurred in Omaha
In that tlmo aim1'1' i'y wa incorporated.
During the yuu i thcro wcro 187 flros ,
Up to last Friday ni/lit there had boon ex-
uetly that number , Consequently , is& >
nrnmlsog to bo uu unusual your for tires. Thu
lussiis , howuvor , have been comparatively
Hinall.
