-v -
THE COURIER
work is over or until it is seen how the new crop promises. It is
probable that corn will command good prices during tho remainder
of this crop year.
Oats havo fallen somewhat but still remain high for the near
months and it is hard to believe that the largo premium on cash
and May oats will not attract sufficient receipts to breakdown some
of the difference between old and new crop prices.
Provisions are giving clearer proof of manipulation all tho time and
have been generally rating very strong.
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The following summary of tho busi
ness situation is prepared for The
Courier at tho Omaha office of Snow,
Church & Co.:
General business for the month of
April thus far, Bhows somewhat lighter.
This isowing mainly, however, to the unfavor
able weather prevailing during the early part
of the month. The recent rain was of inesti
mable benefit to the farmers in this state. The soil was dry and
winter wheat in the western part of this state and Kansas had been
materially damaged to such an extent, indbcd, that many farmers
are plowing their land preparatory to putting the same into corn.
The rain has put the soil into prime condition for plowing, and im
plement dealers report an increased demand for plows. The pleas
and weather of the mid week has done much for retailers, and
they all report an increased trade, although the weather is still
somewhat cool. In wholesale lines there is little apparent chango
in the situation, beyond a slightly improved trade. Up to the pre
sent time there has been improvement only in staples or necessaties
and all classes of goods that might be considered in the order of
luxeries, were not selling well. The fact that these goods are begin
ning to find a better market is an indication that people are inclined
to be more free with their money.
Albert Andriano.
Duncan, Hollinger &. Co., furnish the following market summary
to The Courier:
During the past week the price of wheat has been subject to the
wildest fluctuations, May wheat having sold as high as GGJ.fc and as
low as 585,c in Chicago. It was found that while prices were rapid
ly advancing in Chicago, foreign markets hardly responded at all to
the rise; that new foreign business was entirely cut off, that other
domestic market were lagging behind, and that flour did not ap
preciate at all, so that mills were shutting down rather than grind
at a loss. When these influences had made themselves felt the Kan
sas state report was received representing that there was a large
acreage (4,000,000 acres) and that the condition was 75. The gov
ernment crop report estimating the condition of all the winter
wheat as 80.7 was considered to be bearish and was followed by a
further rapid decline of 4c per bushel. At tho fall, however, export
orders were reached, and we expect to learn that considerable busi
ness has been done for foreign account.
" It is probably the case that if Chicago had made a more moderate
advance and maintained it, other markets would have gradually
come io a parity with it, but Chicago has much too great a stock of
wheat on band to mark up prices violently and hope to make them
permanent, or at least she must have excellent reasons to show if
she does so. To give a healthy tone to speculation it is essential
that stocks there be reduced.
While the weather east of the Missouri has been favorable there
has leen no improvement in the conditions in western Kansas and
Nebraska and the contiuance of the dry weather there is steadily re
ducing crop prospects over that area. California is also still without
rain. We look on the chances of a crop in the western part of Kan
sas and Nebraska as being now very slight.
We regard wheat as a very poor purchase below GOc and look ulti
mately for a considerably higher price to be reached. The large
stocks continue as of old to be the principal argument against ad
vances and weigh like lead on the market when there is any pause
in speculation.'' Should our present crop turn out to be a small one
it would not take long to absorb stocks. In any case with our de
creased acreage and a certain amount of damage, appreciation seems
to be a mere question of longer or shorter time.
Corn has maintained its price very well and the movement contin
ues to be very light with every prospect of remaining so until spring
The president's veto of the Bland bill to coin tho seigniorage is
remarkable in several ways. It- is uncommonly long, considering
how littlo justification there was for the introduction ot such a
measure and it is, after all, net a conclusive mandate against tho
purposes of tho advocates of tho bill, for the document i not only
an elaborate protest against tho particular characteristics of tho
Bland bill, but it embraces certain recommendations respecting
future legislation precisely as if it were a message to congress. Most
remarkable of all is the fact that, though it vetoes a bill to coin tho
seigniorage its objections are not directed against that proposition
per se. It is a rather unfortunate culmination of a carefully
wrought argument against an additional infusion of silver into tho
circulation to find the president declaring himself to bo favorably
disposed to tho coinage of the silvor seigniorage after all. To those
of us who possess the faculty of thinking straight, tho climax of tho
president's elaborate logic must cause some intellectual uneasiness.
This is tho fly in tho ointment of Mr. Cleveland's otherwise admir
able manifesto. American Banker.
Destiny marks those who stand for or against progress. Trusts,
tramps and tariffs appear as unequal as government expenses and
benefits. Ethics of financiers and paupers appear aslnsignificant as
profits. Hoarding silver at mints may keep gold at the custom
house. Life waits for law, labor for work. The current of rivers,
peoples and events is towards the equator From Clapp & Com
pany's Weekly Letter.
The Gillilan Investment company tiled articles of incorporatien
Saturday. The incorporators are: J. J. Gillilan, S. II. Gillilan and
W. G. Houtz. The capital stock is placed at 8100,000 of which 825,
000 is to be paid in.
THE CLUB HAS ARRIVED.
The Lincoln base ball club has arrived and the members are all in
good trim for the exhibition games with Kansas City Monday and
Tuesday.
The Courier's intimation last week that a new music school was
to be established in the city was followed by the announcement on
Thursday that Prof. Willard Kimball, director of the university con
servatory of music, had purchased the Strickland property at the
southeast corner of Eleventh and R streets, on which will be erected
a building fo be devoted wholly to musical instruction, work to
begin at once. The building will be four stories hi&h.
Observant persons notice an increased movement towards-.
Thurston for the United States senate in various parts of the state.
Frank Zehrung says the new curtain for the Fu nke will not violate
any provision of the municipal code. It" will not even be loud
enough to interfere with the orchestra.
L. L. H. Austin, of this city, who rendered such conspicuous ser
vice to the republican party in the recent city campaign, is a pros
pective candidate for state superintendent of public instruction.
There are fully two dozen aspirants for legislative honors in
this city.
Ladies French Dongola imitation Bluchers. Oxford tie with new
square and opera toes at 82.24; worth 83.00. Herpolsheimer fc Co.
" We cut all our ice from pure running water. Lincoln Ice Co.,.
1040 O street.