Nebraska Newspapers

    '
TILE OMAHA DAILY 1JI5E : ll 27 , 1807 ,
CHANCE IN THE C1IANM !
Money Qocs to Move Crops Instead of to
Inflate Stocks ,
BANKS LOSE FIVE MILLIONS A WEtK
Turning On of tlic Soroivn HUM llic
of ItrhiKlnu : I" ( iolil from
rniMSim ii Ix Ii Iti-lutloim
I C'oniliiK
NRW YOUIv , Sept. 16. Henry Clews ,
of Iho banking house of Henry Clews ft
Co. , writes :
In our last advices , we called attention to
certain dangers connected with the tpccula-
tlvo conditions of the stock market , espe
cially to thu large expansion of purchases
nnd thii undue forcing up of prices arising
from the use of unrealized prolltH as a basis
elf margin ! ) . The subsequent course of
opprntloii5 has proved that our warning was
not untimely and that It has not been tin-
JT heeded , I 'irge lenders of money , nnd notu-
lily ccrlnln banks which lend freely on
Stock exchange securities , have had their
cyoH open and taken menus for Inducing
conspicuous operators , who were carrying
threateningly largo llnta of stocks , to re
duce their holdings to more conservatives
limits ,
'Tills Intervention was wife nnd has bad
the iffect ot producing a healthier distribu
tion of securities. Apart from the fact that
the large utitllow of money to the Interior ,
with the apparent certainty of further large
shipments , wh'eh suggested the possibility
of it coming stringency In the money mar
ket It was plainly out of the question for
large lenders to ndv.'tnce without stint to
u few bold operators who were carrying
stocks to tin overloaded extent In an effort
to produce a Finlden nnd unreasonable In
flation in prices , which they had no means
for HUHtalnlng In Iho event of adverse condl. i
lions appearing. The. bnnka have been losing '
jr.P < XJlW a week from their reserves in satis
fying the uantH of the Intel lor , an.I , In
view of the large receipt ! * of grain and other
fnrm products , the outflow may easily be
rontlmie.il at about that rate for soniO'Aeeks
to come. The present amount of the bank
reserves , thoiign liberal as compared with
the saiiiu date of former years , Is suggestive
of conservatism In loans ; and , for that rea-
rbn 'It \i \ > equally suggestive of eau Ion on
the part oC operators against overloading
themselves with stoc's. :
, .MON10Y C1OKS TO AlOVH CHOI'S.
In years of prosperous harvests there Is
tilways nn active pperttlnUvc buying of
htock so soon as the harvest Is i'M urid
At the same time there Is also an unusual
demand upon the city banks for currency
to move crop : * . A point Is fius reached , In
the early fall , at which there comes a con-
lllrt between the money demand from the
Interior and the demand for loans from the
Slock exchange Interest. The wants of the
former class must have the preference ;
nnd almost Invariably the latter class have
to contract their loans at the cost of a
spasm In the stock market. As usual this
rule Is now being disregarded by stock
operator ! * ; nnd fie experience of the hist
week has been a lemlndrr of the penally of
thn lack of circumspection. The period at
which Wall street may hope to reap the
full fruits of an abundant harvest Is when
money begins .lo How back from the In
terior , which , probably , will not occur this
year until about the end of October.
The action of the banks has been timed
with much prudence and consideration. Had
It come ut n later stage the overloading by
sanguine operator * would have ron < lied
worse excesses , the contraction of loans
would have been more severe and the Stock
exchange would have been f-elzed with a
violent convulsion , with consequent heavy
tr > " mi ) in > re or le-m shock to general
business. Taken In time , however , thU
it-Komi" ! } ' nniidllng has been administered
whun operators were still able to accom
modate themselves to It. The large holders
Inive been able lo reduce their holdings
without creating any fpasm or distrust ,
and , within three or four days , the stock
market has been readjusted upon n more
conservative ImslH with it disturbance of
only a few point * In prices. So little has
confidence been affected that , toward the
end of the week , quotations have In a large
measure recovered. As the net result we
hnvo a more prudent and conservative posi
tion of speculation. Margins have been
Btrongthened , holdings have been better dis
tributed and operators have a better under-
Htundlng as to what dealers will expect In
the way of margins. All this may mean a
taming of the excessive enthusiasm whli h
lins carried the market off Its feet for the
Just three months ; and It will at least have
a tendency to keep affairs In safer shape
until the return of currency from the In
terior removes the possibility of monetary
pressure. In the meantime encouragement
inny be taken from the fact that the r.idl-
cal disciplining of large holders 1ms had
Hiich a slight disturbing effect upon the
market. It shows not only confidence
among responsible operators , but also that
S , there Is no lack of disposition or ability to
V , take laruo amounts of securities on n rea-
conable basis of prices ; which means a pre
ponderant conviction that values have not
yet reached maximum figures. It Is to be
hoped , however , that this conlldeiue may
not relapse Into the late excesses. If It
does a severer twist of the money screw
may be expected.
11UINGS GOLD FHO.M AI1HOAD.
The regulatory , action of the banks and
; the advance In the rate of Interest has had
i' valuable results oiKslde the stock market.
I Although London IIIIB sent home Home eon-
Hlderable amounts of stocks during the
weelt , yet this Item Is a small offset against
the large balance of foreign trade In our
favor. The rise In the local rate of Interest
Jm enabled us to procure gold from Kurope.
Home f2.VX > ,000 due lo New York banks haa
been ordered remitted In specie ; nnd $4COO-
0000 Is expected at San Francisco from Aus
tralia a total contribution for the 'week of
JG.MO.OOO. At the moment of writing the
rales of exchant.'O afford no profit on the
Importation of gold and the Hank of Ung-
land has raised Its rate to 2'.i per cent ; but
our banks are anxious /ortlfy their re
serves against the Inrpc shipments of money
to. Ihe Interior , anil they may be expected
to put up the rate of Interest to a tlpure
tliat will bring It from abroad.
Wall street seems * to only partially recog
nize the fa.'l that our relations with Spain ,
relating to the Cuban question , are now en
tering upon a new and Important phase.
Jlolh at Washington nnd Madrid the ut
most diplomatic secrecy Is maintained as
to Minister Woodford's representations to
the Spanish government. It seems certain
that our case wns presented with marked
courtesy and friendliness of temper , so us
to avoid any needless offense to Spanish
pride. And It Is probable that. In pursuance
of thut tentative method of approach , any
thing like Immediate urgency of Interposi
tion has been avoided. Hut , at the same
time , there are strong reasons for suppos
ing that our government will soon roach the
conclusion that American patience cannot
sn beyond a certain * lmlt. No doubt Mr.
\Voodfonl Is Instructed to give Spain to un
derstand this with a clearness that will
compel her to speak with some precision
us to her attitude In certain controlling
eventualities. It Is perhaps safe to assume
that our government will take no positive
action for the present , or until Spain has
po declared her > olf.
NU\V y < IHK3 UXI'OIITS DIMINISH.
fllillunrntN Arc llelnur .Miulc from tlif
1'iirlMfiircNt I'roiliii'tlun.
NRW YOHK. Sept. SG.-l'eck's Index of
October 1 c.ills attention to a remarkable
Plgn of the times In the matter of export *
in the following article : Tie llureau of
Statistics of the Treasury department has
Untied a report which shows that the .ship
ments from the port of New York are de-
ureahlng. This , In view of the other fact
that Ihii sum total of United States export * *
increutHvl during the past fiscal year one.
litindred and sixty-eight millions , seems at
tlrst puzzling.
Thu num > proves the correctness of a
Htiitement made. In Peck's Index some
months ago. Wn anticipate still fufher
declension. It Ut a day of natural selection
nnd distribution of orders. In other words ,
foreign buyers are making fielr own selec
tion of stocks , ami urn Insisting upon their
export corretpundcntx purclmslng the goods
which they designate. ncccrJInsr to mint-
faoturers1 own fperlllcntlonn. The discre
tionary powers or export agents are rapidly
becoming less , Kvcrythlng elfo being equal ,
dilpmcnts are being made from points lying
nearest the renters of production.
Tim figures show the percentages of thu
nugrek'utu exports from the I'nlted States ,
received at seventy of the principal customs
rorts , during the fiscal year ending June IX
last. The exports from New YorU fell off
from J0.iper : cent of the total In IsiCi , to
37.-'i per rent In 1S > ' . ' 7. Hoston's exports In
creased from 9.41 'per cent In 1K95 to U.Oi per
rent In 1SW , having reached 10.SO per cent
In liM Nttw Orleans showed an Increase
from K.47 IHT rent In ISM to 9.GG per cent In
JS97 ; Hal linorc , nn Increase from 7.52 per
cent In 1SJO to 8 15 per cent In 1S'J7. A like
Inrreuso Is noted ut Philadelphia.
Thin Is all good , because It Is according to
natural law. The right place to buy furni
ture Is the wooded districts of MlchUan ;
textiles , New ICnglund ; cotton , the south.
New York , no doubt , will always remain
the shipping and money renter ; but foreign ,
tru will do well to continue to Insist thut
their export correipondenU ehlp the eoods
as ordered by thorn and refute substitute : * .
I'orelsn purrhnsinx haute * nro becoming
thoroughly Informed nnd nre compMllng
the If export correspondents In the united
Hi.itPA to buy only mich goods us they them
selves designate.
A rich and gigantic producer Is the
I'nltod States. New York. City Is only a
trading mart. In tending functions let ex-
| iirt"M ( stop buying from local Jobbers nnd
ngcnts nnd go to the fountnln-hrad tlrsl
handtt-for their supplies. The manufac
turers are west , east , nnrth nnd south.
There has been altogether lee much usem-y
buslnrys , s.unple-wnreroom fchfme , nnd
loose advertising In New York , cmntiatlnq
fiom New York commission houses nnd
other * . Send wimples , ptlccHnnd quotations
abroad , not to agencies' , show rooms nnd
exporters litre. TKC exporter If , not n buyer
The- buyer selects from abroad nnd directs
the selection thtotigh the exporter. Hench
the foreign merchant with prices and Ulo-
couiit.i. It pny. , nnd will pay still more-
nnd more. The gains of the future will como
to the manufacturing Interests of the coun
try according to native production , prices ,
quality , etc. , without . umtls ! ! > lon to Iho Job
bery of Irlcksters and the Intrigues of un
scrupulous middlemen From nit this the
export ttade Is now happily entering upon
nn era of dl.Honthrnllinunt ,
Kvery competent salesman who really
spends twelve month1) abroad In exhibiting
manufacturers' samples , every legitimate
exhibit emporium planted In forclpn coun
tries , every honest , clean Journal quotum
Btnndatd goods at fair market prices , and
possessing a properly teleotcd nnrt vital
circulation ( quality nnd qti.tntlty of circu
lation both being considered ) will hasten this
exivort millennium , which has almost ar
rived. Hul lei Intelligent manufacturers
"draw thu line" nnd "dl cern things thai
differ. "
ClltU.UiO OHAI > AMI 1'ltO VISIONS.
I'Vnlitt'CM of tinTriiillng ; mill CloNluir
I'rlec.s iin Sat u nl n y.
CHICAGO , Sept. .2--All the grain mar
kets suffered tcdny , as the result of heavy
receipts and general neglect. Wheat de
clined from I'.ic ' to Hie , corn Ic and oats
from % c to lie. 1'rovlslons nre still suffer
ing from yellow fever , closing prices showIng -
Ing from 5c to "Vie decline.
There was considerable difference of
opinion nt the opening of the regular
trading In wheat regarding the proper di
rection for the market to take. Decem
ber , which closed yesterday at from 'J24o !
t" ! i23fc. rangc-d all the way from U ' .if to
92Hc , at the start , with the bulk of the
11 aiien at trom ! U'ic 10 y2J4c. After holding
at around the latter figures for a few min
utes the market began to yield erndu illy ,
and In the course of a little over half an
hour It had got down to ! )1MC. ) The heaviness
of local and northwest rcvelpts was In Ihe
main respon lble for the decline. Minne
apolis reported ECS cars and Duluth 70.1 , or
l,2Wi ears In all , ngnlnsl 9 , " > S Ihe correspond
ing day of the year before. Chicago re
ceived III cars , of which twenty-nine were
No. 2 spring , \\hlch Is deliverable upon
contracts up to October 1 , and not subse
quent to thut date. Only live carloads of
whe.1t deliverable upon Decembf-r conttacts
were received this week. Tils redeeming
feature was paid no attention io. however.
I.lvcipool quotations ' .vtrp unchanged , but
private advices said the murket was weak
anil reported heavy offerings from Black
sea ports. Antwerp reported prices the
sumo-ns the day before. Paris noted a de
cline of 10 centimes for September wheat
and the remote futures without chungf.
The day's . 'lenianees of wheat and Hour
from Atlantic ports were equal to 575COO
bu. New York reported a good export
business In wheat on the break , and called
the quantity placed for shipment fifty boat
loads , orIfO.OOO bu. Prices recovered some
what on this , December advancing to Sl
< iiBlc , but the market weakened again
later , gradually declining to flic. Trading
during the decline was Intensely dull , ti's '
In Itself being a weakening factor. The
figures on export business -Acre disputed by-
well Informed persons , who placed the new
business at only five boatloads. The week's
shipments of wheat and flour fiom bulb
coasts , as given by Hradtreet's , was
riG2-rJ3 : ! bu. , against GM ) II4D bu. the \\vek
Ijefore. Heerbohm's estimated the neck's
shipments from all ports to Kurope for
the week at 8 OCO.CO3 bu. Klgiity per cent of
Ihe wheat around Fargo. N. D. , wns re
ported to have been already marketed.
During the last half hour of the session
the market Improved somewhat on cover
ing by shorts. December advanced to 91c ,
where It closed.
Corn was exceedingly weak all day with
heavy commission house s-lllng. Elevator
people also let go ot liberal lots. The east
ern miukots still complain of a glut and
the caih demand In consequence wns slow.
Cables were Uffd lower. The week's ex
ports amounted to 4,022,000 bu. Local re
ceipts , CS2 cars , overran the estimates by
100 cars. . This started the market weak and
was very Influential In keeping It so. De-
cumber ranged from oO',4c to 29 0 , closing
Ic lower nl 29'ic.
Oats wns weak In sympathy with other
markets nnd also because of liberal realiz
ing by the bull clique. Ca'h demand' con
tinued urgent , bill owing lo the limited
offerings sales were light. Ilecelpts were
heavy , tilO cars. December ranged between
20&C and 19c , closing Wi i" lower at 20c.
Provisions were weak and lower , with n
continuation of liquidation in October con-
Iracls. The only supporl the market re
ceived was n little buying by shorts. The
yellow fever news was the depressing cir
cumstance. At the clnye December pork
was 3e lower nt $8.15 , December lard lie
lower at H.42'and December ribs 7'ic
lower nt $1.75.
Kstlmated receipts Monday : Wheat , 375
cars ; corn. 725 e-ars ; oats , 500 cars ; hos ,
29.000 head.
I"adlnsr futures ranged as follows :
ArtlclCH.I ODOII. I HUH. I LIWUloia. | . | Vusid'y
W heat
Fcpl. . . tll'H ill
Dec. . . . tM
May. . . til 1)11,4 ) Ul'i
Com
ept. , 28U I ! " I *
Dec. . . . ! ' !
May. . . .Si
OalH
Se'pt. . . HIV , * i' ' *
Dec. . . . .PH'N
au
May. . . i'3M .
fork
Oct. . . . A in 8 15 HHrj ! 8 07-.1 , 8 ll ! . s
Die. . . . H 17 H U.-i H lu 8 10 !
Jan. . . . U 174 0 17Vi ( U 1'Jlj 0 1'JJj U 20
Lmt
Cct. . . . 4 H7W 4 n.- 4 : in 4 40
Dec. . . I -Hit 4 47 } , 4 40 4 4 4 47lt
Jan . . . 4 tit ) 4 C3 4 D7 ! 4 00
Sh'tRlbx
Oct. . . . . 4 H. 4 lift 4 H5 4 no 4 0.1
Dec. . 4 b'J 4 H'Jin 4 75 4 H'J.'tf
Jan. . . . I b'Jhi 4 7ii 1 7fi 4 H''ki
No. 2.
Cagh qnotatlonH were as follow * :
FI < Ol'R Quiet ; winter patents , jri.OOff.1 10 ;
htralKhta , t4.70iif l.d.1 ; fprlng gpeclal . 55.75 ; Bering
putt'iitH. $5.Wil5.30 ) ; BtialKhtD , J4.60yi.JO ; Imkers' ,
J3.90tf4.20.
\VHIAT No. 2 cprlng. 91'ic ; No. 3 spring ,
SCJifcii'ic ' ; No , 2 red , 91ft')5c. )
CORN" No. 2 , 2i > fl2S'ic.
OATS-No. 2. 10Vi t. n. b. ; No. 2 white. 235 ?
42c ; Nn. 3 white. 21ViK23'.ic. '
UVK-No. 2. 47c.
IIARLHV No. 2 , nominal ; No. 3 , 2 0l3e ; No. 4 ,
HKHIJS No. 1 llnxaeeil , J1.01'y1.03'i ' ; pi line
timothy need , J2.70.
I'ROVIHIONS MM-B pork , per lib ! . , JK.JOiffS 15.
I ird. per 100 Iba. , 14 33. .Short ribs tides ( lnn > p ) .
J4.73 d.lO. Dry Raited fhouldom ( biaed ) . J3.S7"i "
j.ri.C2',4. Short clear fldos ( boxi-d ) , J-.2JWS 37't.
WHIKIvY niktlllerB * llnlu.ied goods , per gal. ,
sTuiARS-Out lonf , J5.S7 ; Bninulatcd , J5.27.
On thp I'roducp rxchaiiHi * today the hutler
inarKet. llrnij croainerlen , 14 20'ic ; dairy , ISi/lSi- .
riieeur , easy. Hi Jo. KKSH. linn , He. Live poul
try , enpy : turkeyn , DUlOe'i chlckenn ,
I'likkt-nn , prlnK. HiMJPi ilucku. JltOSc.
'HtiT Ti-vMIr * TriiiliItiMliiv. .
MANl'UKSTKIl. Sopt. 20.-A rnllier mlxe-il
bul iipimrently fair liuslness was doneInst
wce'k In export of yarns to In Ha , Japan
nml the hGvnnt. Most of tliei yarn fplnncrs
will lie uiiFkiKdl lo Iho etui of the year.
Tim homo ile-inunil. however , 1 small , anil
frcm hanil to motitli. 1'rlces nre unchanged
or urn 1-lfid lower. Tlu > cloth market la
Htlll loudly complaining , liut lirre there Is
< ' nslilfniblii Indian Inn-lmvs. with Inino of-
fci-H at prices not acceptable. The home
trade Is Elnck. Some of the South Ainorl-
ciin markets are rather better than they
we're4 a week , ago. As yet there Is no cer-
Ulnly as lo the threatened strike. The best
opinion thinks it Improbable , owhiK to the
larKu divergence of Interests. I'rjbably n
larKu break In cotton would prove more use
ful to the trade than a strike or a lockout
wculd be.
llrl.lxli < irnln Triulc
l.ON'nON , Sept. 20. The farmers' free do.
livery Is the chief causa of the present de
cline In wheat , which Is U 2d lo Is fid lower
in price. California wheat , prompt delivery ,
was quoted at 3Ss 9d. Hea winter wheat.
October and November delivery , fellers.
wan quoted at ICs 3d and found buyers ut
KM W.
Maize was easier. Sellers mixed at At-
lanllc porla Oclober delivery , wns quoted
nt liis 3d. Korlhern ports , November de
livery , was quoted at lCt § IV.'jil.
Hurley wan steady. American barley was
quoted at Ife.
Oals Is tinprovliKT , Mixed clipped oats ,
O tober delivery , was nuottd at 13s Oil.
Klour was In poor demand nt declining
values.
Hunalo Crilln MiirUt-t.
jii'i'TAKo. sept. S6. WHEAT-NO , i
northern , old , spot. $ 1.05V new , WHc ; No. 2
northern , spot. 93Hc ; No. 2 red winter , Sic.
COHN-No. 3 , M c.
OATS No. 2 white , 2CC.
IlYQ-No. 2. Uc. > I
OMAHA LIVE STOCK MARKET
Wcok Just Closed Marks Hich Point in
Year's Oattle Receipts.
CUSTOMARY SATURDAY RUN OF CATTLE
.Mot I-M n ( an AvrritKP ( Jnlt
X KMtvulnl 1'rnliirc
Slip llnek ii Mokel
ju 1'rlee.
SOUTH OMAHA , Kept. 2S.-Rccelpts for llic
days Indicated were :
Cattle. llogt. Sheep. Horses.
'ppleinbol' 23 072 3.HS1 . . . . 23
September 24 3.10S l.&Si 4.416 . . . .
September 23 ; . I.MJ 6,25 l.Wl
September 22 6,541 S.05J 1,670 . . . .
September II 6.2UO 8.7i3 J.MT 1
September 20 8,704 2.2i7 3,615 . . . .
September 18 f,6l 4,217 1,370 26
September 17 3,011 4.CJ7 2.823 . . . .
September 16 4Ci7 4,370 1,880 27
September 15 6,7iil 6,518 3,864 33
September II 4SO ) 6.056 1.123 . . . .
September 13 6.6SI 1,217 3.M3 69
HeptcmlxT 11 1.631 6,1W ) 4Cfi . . . .
September 10 , . 4.MO C.R6J 20
September 9 4,778 B.IS3 2,703
Receipts for tlie week with comparisons :
I'nttlr. Hoe * . ShecD.
Week ending September . . 31,177 32.1M ll.MS
Week ending September 18. . 24.C3S M.W1 H.878
Week ending Pe-nlembor 11. . Sfi.SIS 32.M4 6.7Z2
Week ending September 4. . . 23.4CC HUM U.VT4
This has been a recorJ-bieuklnn week to fnr
as the present year Is concerned , the receipts of
cuttle mid hogs having been the largest for nny
ono week so far In 1S87. The record for a tingle
Jay's receipts cattle was nl o smashed , 8.701
cattle having been received on Monday. , which
wai the laiuest number for nny one day In the
hWory of the yards. The total milpinents of
rei-.ierH to Oie country were nlpo larger than ever
before , thus breaking rtnother recoul.
e'ATTLK After live days of excessive lecclpts
the week closed today with iibout the urual
.Saturday's run. One train of the cattle received
was consigned dliect to a packer , lea\lng omy
about 7CO head on pale. The market , us usual on
a Saturday , was without feature of Importance.
Only tlnee loads ot cornfed beeves \\ere offerej
for kale and they brought a little higher prices
than yesterday. One good loud soht up to $ VCO
and a fairish load bioug.it Jl.40 , while tome coin-
fed Ti-xiuiH Fold at J4.00.
Quite a number nf eows and helfer-H were nn
sale , but the must of them weie westerns. A bis
Btrlni ? of Osalallas sold at $2.S5 and J3.20. T.ic
oirvrlngs weie all token eaily und the prices
paid were Juet about steady with yesterday's
inuilict.
In the feeder division there was not much
doing. There were few cattle In first hands.
Speculators bad < iulte u number , but not many |
choice grades. There was no practical change
In tli' ! market.
HOOS UprelplR of hogs were double what they
were yesterday , the sharp reaction In values hav
ing evidently encourngoil Bhlppers to commence
jpcrntlons again. The larger run , however , was
the signal for another dr.ip In values.
The chief feature of weakness wns the lower
close of the provision market yestnday , which
was added to by the fni'l that today's ron-lpts
of hogs nl most all mnikeln ran ahead of ex-
lieclatlons. The resull was th.it the hog mar-
Itet at this point opened n Hiring Be lower and
luscd In nbout the same eondltlon.
The mot t of th < 1 hogs here welt * heax'y and
they sold all the way from $3.70 to JJ.'O , but
mostly at { 3.SO.
Thn inaiket uas fairly active at the decline nnd
everything was sold nnd weighed up In go il
season.
The last week Ins been especially noteworthy
by renron of the violent tlnetuatlons of the hog
mnilt t. The week op ned with nn advaivo , lint
on Tuesday the market declined 2'fcc , on Wednes
day 15e. and on Thursday ltc. ) Thursday proved
In IIP the low day if the week , the average of
the sales nn that day being 27c lowrr than on
Monday. On Kilday there was a reaction nnd
Ihe market advanced 12zc on an average , but
half of this gain was lent the day following , the
iwi'k closimr with the miitkel 20o lower than
It wns at the opening.
SHKKI' There were no frrsh reoelptt of sheep ,
but then- were a fw liMldive x In the ynnlt
which sold at good strong prlce .
ciiic.ujo lavis STOUK. MAHICP.T.
IIiiKK Drop Dinvn AiKvlluT Xolrli
SllOfl > Stt'flHK.
CHICAOO. Pept. 23. Not enough business was
done In cattle to form a basis fur general com
parison with other days this week. A few
cheap native cattle went to small local butcher -
at prices lately quoted , cows celling chlelly at
from $2.50 to ! 3. A nnd a few line veal calves at
from JS to JO.W. Traders are anticipating veiy
plentiful supplies of native nnd western cattle
for the early market next week and the outlool :
doe not favor much Iniprovemtnt on the pres
ent scale of prices.
Nearly all grades of hogs suffered n 10o de
cline only a few early sales of choice lots escap
ing with n rc , cut. Packers b night many useful
heavy hogs around J3.SO , but sales ranged from
J3.30 to J3.05. All hogs selling above J4.10 had
claim to special quality , fancy bacon pigs tel
ling late at $4.SO. only a few reaching J4 3r. In
the early market. Lite trade was sluggish at
the full decline.
The f ? w lots of sheep for rale met fair de
mand nt the later strong values , a bunch of
good western sheep selling nt ! 3 50 and choice
77-poun' ! , lambs nt S5.CO. Mo t fet mtlve and
western muttons went nt from J1.7. > to $1.10.
llest nMlve lambs poM around 53.7. . . bulk of
gnort lambs nt from fl.fO to S3.RO. Only culls
and ponr light down to from J4 to ft Ml.
Receipts : futile , < MO head ; hogs. 17 CW ) head ;
sheep , 5.000 head.
St. IiOlllN I.lV - StllcU.
KT LOVIS. Sept. 23.-CTATTLR HecflptS. 500
bPBd : fhlptnents , 2,000 head. Market steady on
both TexHiis and natives. K.ilr to choice' native
and export shipping steers t-l.23IT3.40 : bulk of
sales J4 srjfili.CO ; dressed berf nnd butclier steers.
81 J1W4 40 : bulk of sale = . l4.405Tf.TD. Rlecrs under
1 0 > pounds. J3.7Sff4.cr , ; bulk of sales. > 41091.43 ;
ptopkers nnd feeders. 2.og4.43 , : bulk of talcs.
J3.305JI.Ort : cows nnd heifers. t.Mff4 SO ; bulk of
cows. J2.70W" S3 : canning cows S1.R05T2 4D ; bulls.
J2 101T3.10 : Texns and Indian steers. J2.rOiM 33 ;
bulk of pales. $3 40i33.70 ; cows unit heifers , J2.30
' lioClS Receipts , 4fOO head ; fhlpments. 4 MO
head Market easy to ! > p lower. I.lcht. JI.2S' ! ? '
4.30 : mixed J4t'0fi4ir. ' ; heavy. J3.MifT4. : " ,
SHKIJI' Hecelpls. none ; phlpments. 700 head.
Market steady ; native muttons 13.1111383 ; culls
and bucks , Jl.GOjJ2.7u ; htockeis , JS CiO'S.CO ; lambs ,
J3.7D 5.33.
ICniiKiiM rity liv < - StiK-U.
KANSAS flTV. S > pt. 23. CATTUK Hecelpts.
200 head : market steady ami unchanged ; only
retail trade ; Texas steers. J1.7.VR1.21 ; Texas cows ,
Jl 00 < T3 20 ; nallvn steers , J3 D'tnr . ' . ; native m\\-a
nnd heifers. It OW ) 13- stackers and feeders ,
iroifri3 : bull . J2.iOfi2.40.
HOOP-Hecelpts. 4 fOO head ; weak to He lower ;
bulk of sales. J3.8.W3.03 ; heavlra. JS.f.Ofln.'V ; ;
packers J3.fOff3.P2'i ' ; mixed. J1.S3 < II 00 : llK'its ,
$3.80fT4.fiO : Yorkers. J4.00574.03 : pigs. J3.00JT3 fO.
SHEI'I' llcre'pts. r.O' ) liendmurket steady ;
lambs , JS.f.OifS.s ; ; muttons. J2.r.OtT3.CO.
Cliiclniuitl l.lvc Stock.
r-lNPINNATl. Sept. 2r , . IIOOH I iwcr nt J1 ! , " ,
W4.40.
p\TTM.-Qu'p | at M 2VfT3.ri.
SllKi-M' Stendy at J2.23ffl-nO : lambs , strong nt
$4.0003.00.
Sloi'l.Ill Sltvlit.
Itorord of ifcelpts of live stock at the four
principal markets for September 23 :
Oattle. llous. Sheep.
Omaha 072 3 " . ' ,1
Chicago W ) 17,100 C.OV1
Kanpns Clly 200 4 C01 ,00 ,
St. I.ou | f.OO 4.fOO
Totals 2.272 28.161 6601
COVniTIO.V 01KW VOHIC IIA.VKS.
Stntfinvnt SliiMrH , ON Antli-limtcil , n
lli > nvv , I.OKM In CiiNli.
NI3U' YOIUC , Sopt. 20. The Now York
I-'inutK-lor unys this woolc : Tim Htatpment
of the Now York banks chowc'l , as luiil bein
uiHIclpntcil , n heavy lofla In caali and a
shrinkage of tlio re ervo to the lowest price
nlnco November 7 last. With cold
Imports bi't'lnnliiK tlio Inipri-sflon prevails
that the ImnlcH will 1 > fully nbe ! to meet
a'.I Oemanilrt inndo upon tlioni. The advance
In the money inarltpt had cvlilontly brought
about Bomu llqulilatlon.
It Is not notlct'iihlf , however , that the
opi-ra'Ions of one bunk , the National C'lty ,
account for the total change In loans. Ho
also Its deposit changes make up at least
ono-thlnl of tlio entire decrease reported by
nil the banks. The cash ' .vltlidniwn all
went Into t'H' ' Interior. Tlio statement does
no' balance , but the plain Interpretation Is
that tlio demand for money for crcp pur
poses Is at Its full height , and may be ex-
pi cted to continue for some tlinn to uomc.
It will not be hiirprlHliiK If tin * loan Item
exhibits further decreases , In vlsw of the
urgent demand from the south and weft.
Th decrease In loans for the prtsent week
Is the llrst that has occurred since the. openIng -
Ing week In May since which time the ex
pansion Mas reached a tci'nl of fl,0:0COO
Seven of the New York banks lire below the
23 per cent reserve requirement , and a largo
number of I ho other Institutions arc only
slightly above It. The future of tlio money
market rests largely , of course , on the. ex
tent of gold Imports. The treasure dellclt
will help the bunks to somn extent , but
against this In the coming Union Pacific
foreclosure sale which will take a large
mim from the open market. It Is estimated
that the foreign trade balance In our favor
for the three months ending September 30
' .vill not bo leu than * HO.COO.o > )0 ) and this with
cotton exports only beginning. The re
sources which 111i ! country commands In rase
of sudden hardening In the money market
aru thus enormous. Kvcn with tlui con
tinued use of funds to meet the Immense
expansion of trade lit Interior jiolnts tlw
outlook remains cheerful for legitimate busi
ness enterprises.
Wool .Miirltct.
NEW YOItK. Kept , ! 5. WOO I-Firm , domettlc
tt < ct , 2o :7c ; No. 2 txtra. niflJe , Texai ,
V i FIND tyRNUFRCTURERS
or
AGRICULTURAL IMPLEMENTS.
L linger &
Mdealf Go.
WllOLHSAbK DIUIjEKB IN
Agricultural Implements.
Buggies ami CarrUces. Cor. 6th and Pacific Sts.
implement Go.
Itroryanlteil
Wagons , Drills Buggies , Etc.
Ninth tun ! Pacific Streets.
Jobbers of Farm Machinery.
Wagons nnd llugeles - Cor. Oth nnd Jones.
Wholcsnlc Ucnlcrs lu
Agricultural Implements ,
WAflONS ANI ) HUOQ1HS ,
Ilth niul Nicholas St.
ART GOODS
P iciure Moldings.
Mirrors , Frames , Hacking and Artists'
Materials.
BOOKBINDING , ETC
J'itSKTIXU A.\i > BOOK UJ\Z > INO.
Gleventli and Howard Six.
B JOTS-SHOES-RUBBERS ,
M'f'rs | Jobbers of Fool Wear
WESlttUN AGENTS FOrt
The Joseph Banigau Rubber Co.
Rubbers and Mackintoshes.
Oiunlin , Neb.
Boo's , Shoes and Rubbers
Salesrooms 1102-1104-1100 Harney Street.
Boots , Shoes , Rubbers ,
AT WHOLESA1..H.
Onice and Salesroom 1119-J1-23 Howard St.
Wholesale Shoe Manufacturers
Western Agents Goodyear Glove Rubber * ,
1114 Hurney Slretu
WHOLKSALH
RUBBER GOODS
Owner of Chief Brand Mackintoshes
BAGS
Importers and MonuiactttrerH
BAGS
614-16-18 Sonh ( nth Street
BAKING POWDER EXTRACTS.
F
SYRUPS ,
Mc'acref , HorBluimiictcj I'renerves and Jelllcx.
' t
Also tin cans and Jqpenned ware.
ST. I/DI'IH. SepV , . 'Ji'-iwooi. Firm : medium ,
ISflZl'tv : Hislit lli . 'l2t ' < lCc ; heavy lineSaiS'.jCj '
tub watheil , 21i31t\ | ( (
l.OMMI.V KIVAA'CIAI , ItKVIKW.
HrriiU In incrli'iiiiM DIM * ID lo.lrle--
llmiN In Hunk liiiniiH.
LONDON , Sejt. 20.-The fonturo of the
Hlock market Is the break In American' * ,
Till * has been ascribed to Ihe Cuban < U11- !
culty and the yellow fever , but the fad ihiit
all Americans uru allkei affected disproves
the theory. The bre-ak Is really cuu.sed by
Ihe restriction * * In bunk loans to speculators
who have been forced to sell holdings on
borrowed money , thus checking an unnat
ural rise thut might have ended dlnan-
trouely. New buyers are expe < ted nt the
lower level , and the rise may soon be re
turned. Canadian I'aclllc rose on Ihe
etrcntth of thn McKenna declBlon , reaching
78. Grand Trunks have fallen from T/i to 2
* * Northern I'acllls und Wabash
poln ; ; pre
ferred , I'i ' ; ICrle ilrst nnd AtchlKon adjunt-
ments , 1'i ; Illinois Central , 1 ; Southern 1'a-
villca , Che pealif & Ohio , lleadlncVab -
auh debenture-si , Norfolk & Wcttern pre-
cllle preferred , 1 ; Kei.elliiK flrHts preferred ,
* ; 1'ennsylv.inln , i : Atchlson preferred , 1 ;
Northern Pacific ordinary. % . and the fol
lowing fell ii point ; Milwaukee , Louie-
CHICORY
The Asnerican
\ Chicory Go.
Growers nnd mamifncturrrs of all forms of
Chicory Omali 'Frtniont'O'Nell.
CROCKERY AND GLASSWARE.
Jtitjiurttr ntul ttolbtr
Crockery. China , Glassware ,
Silver Plntcel Ware , Looking Glasses , Chnn-
dcllers. Lamps , Chimneys , Cutlery , Etc.
1410 FAHNAM ST.
CREAMERY SUPPLIES
Siarples Compan
Creamery Machinery
and Supplies.
Boilers , Engines , Feed Cookers , Wood Pulleys -
leys , Hhaftlng , Helling , Uuttcr Pack-
ones of all kinds.
B07-909 Jones St. .
_
COAL ;
Office 1005 Farnam Street.
SHERIDAN COAL.
C. N. niett. 1'reslilent. Gould Dletz. Pec. & Trcn.
-IFECTIONSRY CIGARS
Manufacturing Confectioners ,
And Jobbers of Korclannnd Domestic
Fruits , Nuts , Cigars and Crackers.
tios-nio uutrAiio ST
DRY GOJD3.
Importers and Jobbers ot
Dry Goods , Furnishing Goods
AND NOTIONS.
DRUGS !
902-906 Jackson St.
J. C. RICHARDSON , Prest.
0. P. WELLKR , V. Preet.
E. Bruce & Co.
Druggists and Stationers ,
"Queen Dee" Specialties ,
Cigars , Wlnm and Urcndlcs ,
Corner 10th'and Hurney Street * .
31'fr * Staiid'irJt'liarnnceutlaul Prepara
tion * . Special Formulae I'reiiarnl to
Order. KtnAfor Catalogue.
laboratory , 1112 Howard St. , Omaha.
ELECTRICAL SUPPLIES.
WHOLESALE AND RETAIL
ELECTRICAL SUPPLIES
1S04 Farnam St ,
FRUIT-PRODUCE.
Branch & 60 ,
WHOLESALE
Commission Merchants.
S. W. Corner 12th and Howard Bta.
Mcmbeis of the- National I cueue of Comnils *
slon Merchants of the United States.
freight & Howes ,
JOI1IIEKS
Fruit and Vegetables
SPECIALTIES Strawberries , Appl" . Orange
Lemons , Cranberries , PotatocB. 1017 Howard St.
FURNITURE
& Stone
Furniture
WHOLESALE
Furniture - - Draperies
1115-1117 Farnam Street.
TYPE FOUNDRIES.
G
Typo Foundry
Superior Copper Mixed Type U the belt en
the market.
ISLKCTllOTrriJ FOUNDRY.
1114 Howaid Street.
ferre'l ' and Mlsiiirl. Kansas & Texan. '
Other Americans ( showed an average- fall
of ' / ( . The buyhiK In home ralUvn.vs IIBH
Improved prices , which IIUH IOIIB been fore-
eliadowed.
The bank ratiIMIH rlxen to 2H , and there
will probably bo u further rise , but.conti
nental exchanges have not responded.
There.hns ulio been a rise In dHeomitH.
Three montliH bills are polllntat only 2' ' .
The heavy i-hlpment of American uraln
nre likely to create u European Indebted-
neas , but exi'tianxe makes ( 'Qld hlpmen's
to the I'nlted State.s unprodtable , althoo >
11 would have begun more largely bul lur
Ihe American purchtives In anticipation of
the Dlnijlcy tariff. The money murket Is
rai-y and Ihe nupply abundant. I'nfavor-
wlilo reports an to the health of I'retldent
Ktuger have dUcourdKed buying In KafliiH ,
and Iniwlnesn In inlnlnt ; securulen Is yen-
erallv aut'iended.
I.IviTiiiKil ( irnln mill 1'riivlNloiiH.
HVlilH'OOL. Sept. 2J.-WHKAT-.Vo. 2 e tern -
ern winter , tleady , 7 * 10U ; NO. led , noiitniii
prim ; , uteady. BD 7d.
CORN American mined pct , new. gulet. 3
I'.id ; American mixed l > ot , uld , meady. Jui'.td ' ;
future * quiet , September , 5 I'.id ; Oclptcr , : *
l id , November , 3 21td.
KLOlJR-St. Louli fancy winter , dull , lOd.
PJIOV18IONB Hcef , extra India m i > , firm ,
C7 § ( d , crime metn , arm , tit Sd. Fork , Or in ;
GROCERIES.
eyer & Raapke ,
K1IOI.I-SALI3
FINE GROCERIES
Teas , Spiers , Tobacco nnd Clgarm.
1403-1407 lUrney Street *
13th and Lctivcmvorth St.
Staple and Fancy Groceries
IEA AVD corrtt Kovsuit ; , etc.
Gallagher Go
GAS COFFEE HOASTEHS
AMI JOlllll.Vr. GIIOCEHS.
Telephone SS2.
HARNESS-SADDLEKY
.VKVS , s.titnr.m ASI > COI.T.AHS
Jobbrra i > f I.rathrr , Aaifilfrrurcfiriiir / , Kfr.
Wo solicit your orders 13ID Howard St.
HARDWARE.
Wholesale Hardware ,
Omaha.
Wholesale Hardware.
Bicycles and Hjiorllng Gocdn. llil'J-lil-23 Ilnr-
nuy Httcet.
H AT i - C APS
1100 and 1111 Howard St.
'UUl.l'.SALK
11ATS , CAl'S , ( II.UVKS. MITTKXS
Owners of Gate city , I'serlesi. Damascui and
TransmUttsiilppl branj * of hats.
JEWELRY
Wholesale Jewelry.
15th and Harney ; Omaha.
Wo can show you tlio bc.st slock In tlio west.
No lotull.
LIQUORS.
\/\/aSfer \ / \ / iis@ & Go
WIIOIESAI-K
LIQUORS.
Proprietors of AMERICAN C1GAH AND GLASS
WARU CO.
214-216 .South 14tll St.
! © rs
East India Bitters
Golden Sheaf Pure Rye und llourbon WhUkey ,
Willow Sprints Distillery , Her & Co. , 1113
Harney Street.
Wholesale
Liquor Merchants ,
1001 Karnani Street ,
Wholesale
Liqnors and Cigars ,
Wines , Liquors and Cigars.
413-41S 8. 15th Street.
LUMBER
C
WHOLESALE
DUMBER . . .
814 South Mth St.
prime inffK. ( Inn cttfrn. tO ; prime meed.
ineilluni wr | rrn. ( Cs 3d. lliuns dull : ( .hurt cut ,
11 to 15 pounds , 3C . llai'on , linn ; ulicirl ril'S. 3ln ,
IniiK clear inldillm , lluhl. 3'1 ; IUIIK clear mlddliH ,
heavy. 4lt CJ ; tliuit clear iiilililk'B , lieu\y , ntncKa
cihaiiBted ; clrur lo'llle'ii , 'H * . Khouldem , > rlrjre.
ciulet , 27 Cd. Lard , prime ttottrni , unit , ijulct.
I'llKKHK Anivrlcan flni-.t white and colored ,
dull , ( . ' . .
IIOl'H-At Ixindon. 1'iiflllo mutt , steady , K&
CfiM ,
OILS-rnttunfrcd , Llxrrpuol U'tlnrd dull , Kx
tM. Turpentine t-plrlts. linn. 238 C.I. Jlotln , tuin-
mon lo dull , 4n 1'.4 < I.
Tnlnlii
TOLEDO. Sept. Z5. WIIKAT I wer ; dull : No
2 caili und Heptember. Mlir ; Ilpfcinlifr. H4VH' .
CORN IXJWtr ; weak ; No. 2 mined , 2D'ie ,
O ATM-Steady ; No. 2 mixed. Me.
RVR-Iiivter ; Nu. 2 canh. 47lie.
VHRHiiiJ-Ae'tl : e. loucr ; prime canh and
Uctuher. U 3H.
Oll.-l'nclinngi'J.
Han KruuclNro AVIient < | iiotnloiiii | ,
HAN HIANC-MSC'O. Kept. 25.-\VHL'AT-\Veak ;
Heplemttr , II.Wi , May. U.tO'.i.
Cullfornln IJrleil Frulti.
NEW YORK , Bept. 25. CALIFORNIA DIUBD
1'JtL'lTS Flrmj tvaporalcd applti , prime wire
LUMBER ;
,
WllOliS.UE : AND UUTAIti
LUMBER
Cities * nd Ynnls 13lh and California Sir
. . .
GO. AN
Wholesalt Lumber
Li tit e , Etc.
Dili and Douglas Sts.
6th and Douglas Sts.
Telephone 391.
OIL"-PAINTS
and Fatal Go.
Air Floated Mineral Paint
And 1'nlnlB i\t Ml Kltnin rutty , Etc.
101S nnd 1017 Jones St.
J. A. Moffct , 1st Vlcr l'r < \ . L. J DrnUf , nen Mcr
Onfo.lno , TiiU'cntlne , Axle Orcnce. Ktc
Onuihu llranch nml Agi-nclcs , John II. Huth Msr
OYSTERS
id Gole & Co ,
rAl'KKUS.
ICING COLE OYSTERS ,
CKLRKY AND I'OUI.TllY.
t013 Howard St.
PAPERWQGDENWARE. .
'
arpcntcr Paper
Printing Paper ,
Wrapping Paper , Stationery ,
Corner 12th nnd Howard streets.
WHOLKSAI.B
Paper and Stationery.
20S-210-212 S. Eleventh Rt.
Wrapping Paper , Stationery ,
Woodenware.
1107 Hainey KtrccU
PHOTOGRAPHIC SUPPLIES.
T
Photographic Supplies ,
1-15 I'n run in HI.
SASH D OJRS BLINDS.
.V.nunfiiciiircr.s of
Sash , Doors , Blinds , Etc ,
12th ami I/ird : Sts.
STEAivf-WATER" LIES.
1014-1016 DoilsliiH Street.
ManufucturerH anil jobbern of Hlenni , Oa and
Water Supplies of All Kinds.
United States
w Supply Go . . .
noS-ino JIarnev St.
Steam Pumps , Knglnea nml Hollers , Pipe ,
Wlnel Mills , Steam and PlumlilnK
Material , Ilcltlng , Hose , Etc ,
TOYS AND FANCY GOODS.
Toys , Dolls , A/bums nnd
FANCY GOODS.
/Iou a Furnltlilngv , fnlldien's CarrUtce , Elo.
1319 Kninani Street ,
JAMES E. BOYD < S CO.
Telephone 1030. Omaha. Neb.
COMMISSION-
GRAIN : PRQYhlOXS1 : AND ; STOCKS
IIOAIIIl OK THAI1K.
Direct wires to Chicago and New Tork.
Corrtaoondenu : J'jhn A. Warrtu * Ua
tray , Ci j7c ; wooj Irlwl , prime , Clio ; choice Tic-
fancy , 7'4c. 1'iur.r-i , 4'lc ' Ic ic per imund.'ui lu
| ZH anj iiuallly.pflcom. . io > ul , fasvic'Mwr
jiaih. aj/lle. 1'rar rn , jnpeiled , JOe : peeled. It ®
liio per | K/und.
1'fcirln MiirlirtH.
1'KORIA. Hpt. . tC.-'OIIN Maiket eauy ; No , t.
OATS Market Inarlliu. N" 2 white , 22822',4c.
WlllHKV-MaikK nrm at 11.21 ,
UKt'KirTH-l'ijrn , li .4W hu. , oalu , 25ISO Uu.i
ry and whlnky , none , wheat , 1,200 bu.
SHII'MKNTH-Curn , 30.WO tu. ; oam 6,400 Lu i
rye , none ; whUky , 1.33S ttli.j wheat , none.
.Muullii llrnip ul London ,
f , Best.Manll h mfc l57 t * .
iy lt. ' '