Omaha daily bee., 1886-12-12
WEEKLY BUSINESS REVIEW
A Good Demand For Money Noted During
the Past Six Days.
GRAIN AND PROVISIONS ACTIVE
Speculative Trading Hardly Up to the
Average-Packing Operations Pro
crossing Favorably-The Vol
umc of Business Fair.
A Resume OF the Week.

A Resume or the Week.
Cu1cAGo, Dec. 11.-ISpecial Telegram to
the BEE. Quite good demand for money
prevailed during the past week, and local
financial circles have presented more ac-
tlvtv. Spectators in grain and provisions
increased their demands TO some extent and
packers asked for increased accommodations
to prosecute their business while the supply
of hogs is liberal and tine weather favorable.
There was rather more inquiry from the
larger interior markets. but outside paper is
not much in favor with Chicago bankers as
the local wants at present absorb the greater
portion of their loanablc funds. As the close
of the year approaches merchants in all de-
partmentS of trade desire to close up their
business as much rs possible preparatory to
the opening OF the new wear, and merchants
in the wholesale mercantile trade have limited
their requests at the banks and made extra
efforts to collect outstanding accounts, IN
which they have been quite successful.
Farmers and country shippers have been
moderately free sellers of grain and live
stock, and in turn have cancelled
to some extent their obliga-
tions with interior merchants. Little more
currency has been forwarded to smaller in
terror points, mainly through commission
maintained, ranging from G1s to per cent,
according to the standing of the borrower
and the amount of money required. Very
| little paper is accepted under Z per cent,
with good demand for money from miscel-
laneous borrowers. Eastern exchange has
been in good supply, while the demand has
been only fair and rates have ruled easier at
40 and 20 cents discount per 81 900 between
| banks, closing at GO cents. Foreign exchange
| was in better supply in eastern markets and
| the feeling was weak with prices favoring
| buyers. Shippers GO days documentary bills
are quotable at 81. 1904 i9l4. Trading in
| stocks has been quite active throughout the
| week and petroleum has attracted more than
| usual speculative attention, accompanied
| with marked fluctuations in prices, Specula-
| tive trading in mining on the Pacific coast
| has been unusually active with great irreg
| ularlty in prices. All these sudden and
| spasmodic changes in the market for these
different articles has had the effect of en-
| larging trade in other departments and at
| tracing the attention of parties who do not
| follow speculative movements generally.
| Grain and provisions have been quite active
| at irregular prices and some concessions have
| been granted, operators giving the more de-
ferred deliveries preference, with consider
able business in the way of transferring con-
tracts ahead. The receipts of grain at west
ern markets were quite liberal. Foreign
markets have shown considerable strength,
but western markets were barely as firm as
grain and produce from the west were mod
erately free. Packing operations are pro.
crossing tavorably and the increase is gradu-
| ally diminishing. The wheat market has
| Outside prices were reached last Saturday,
since which time prices have declined with
some irregularity 216c, rallie &c and closed
about 3Sc lower than the closing figures noted
last week The weakness was attributed to
a more general desire to realize, and as soon
| as the American markets began to show
| weakness foreign markets Sympathized, Mt
least the buoyancy abroad was checked and
| this increased the desire to sell. 1t
was generally surmised that parties
who had bought freely before the recent up.
| turn were anxious to take profits and sold
quite freely. The declining tendency brought
out some "long" wheat which had been held
on stop limit orders, which helped the weak
ness. The export movement was checked by
a sharp advance in this side and probably IN
| duced some resellng of wheat which had
| been bought on foreign account. The corn
market has sympathized more or less with
wheat. AT the close of last week outside
| prices were reached and since then prices
have gradually eased OIL, declining l]2ml2Sc,
| but allied lc again and closed about &c
been uifie larger and reports from outside
intimated that the movement from some sec
| tiOns might increase some, but the influences
affecting the market have been largely spec
| week and's ortS were rather anxious to cover
as prices tended strongly upward. But this
| week there has been more disposition to
realize and considerable 'lOng" corn was
placed Oh sale. The shipping demand has
| continued good for lower grades free on board
cars and prices have been pretty well sus-
tained all through the week. A fair export
demand has existed at the sea board. Liver
| pool ruled firm most of the week, but toward
| the close ruled easier and closed Id lower.
| New York declined about l@l14c, but closed
stronger. Considerable nervousness was
manifested in the market for hog products
| during the past week and the volume of busi-
ness was fairly large. Speculative trading
was barely up TO the average of the week
| previous and prices ruled with marked irreg-
| ularity, though confined within compare
| lively narrow range. Operators appeared to
| exercise more caution than usual and
changes in the market were made on slight
was favorable for quite liberal receipts of
| hogs and some disposition was man
| ifested to sell the product for
future delivery, which had n weakening in
| tluence on the market and caused a moderate
| reduction in prices. Later IN the week it
was quite evident that the receipts OF hogs
| would fall somewhat below the estimate and
| that quality was poorer than for the previous
| two or three weeks. This had a strengthen.
| ing effect on the market in general way and
| made the manufacturers of the product in
| different about selling except at their own
| figures and tended to create some anxiety on
| the part of "shOrts' regarding outstanding
| contracts. Speculative offerings We're some
what curtailed and trmer feeling was de-
| yelOped. Prices gradually improved again
| and the closing figures snow an advance cs-
| tablished on the principal speculative art-
clcs.
| GT<lCK SpI('ITI.1TInN