Omaha daily bee., 1888-11-25
The CONDITION OF TRADE.
But Little Change in the Financial
Situation.
MONEY is IN VERY GOOD SUPPLY.
Collections Are Fairly Good-Job-
bers Report Business Reason
able-The Usual Number
of Fall Failures.

Bankers report but little change in the
financial situation since last week. Money
is in good supply and sufficient for all lcgiti-
mate wants at the usual rate Of interest, 10
per cent. There seems to be no fear that the
present policy Of the administration will be
changed during the remainder of its term, so
far as il relates TO the purchase of bonds and
the Keeping of public funds IN the banks
designated as national repositories, 50 that
the si5,O0J,OOO now deposited will, it is
thought, be permitted TO remain undis.urbed
till next March at least, Four national
banks have withdrawn their bonds held to
secure deposits within the past week,
and as many more have signifed an
intention to take similar action. Collections
are fairly good. OF course the election ex-
element disturbed trade more or less, and
the effects arc felt now, but on the whole
we hear very little complaint. Jobbers re-
port business scasonable and all that it is
expected to be. Prices have ruled steady
the past week except in sugar and flour,
which are weaker and lower. The usual
number of fall failures are happening about
this time, and credit men are kept on the
anxious seat during a part of the day at
least. AS a fulc, however, the weak
bEDiiltIS TtpDIltu ~ udlc as nuNiuR
laid down have been light weight
to whose demise has not been
wholly unexpected. The merchants in the
tributary to this market are as n class in
good financial shape. The action of the
produce commission houses in adhcring
strictly to the weekly payment rule and Wig
orously disciplining backsliders indicates
that the majority of the firms interested are
in earnest in the matter, and one good result
is showing itself, inasmuch as the retail
grocers are discussing the %propricty of a
weekly payment system of THERE own. and
several of the larger dealers have announced
that they will sell only for cash from the
first proximo.
The exports from this country i'll October
were valued at S54, 767, 500, against S5t, 903,-
635 for the same mouth last year. The ex-
ports for the four months ending October 81,
compared with he same season in 1887, are
as follows
Cotton .......... s4s, AS III $50, i95,41l
Bre adstuffs: .....:,.. 3,257,353 5a,s57,lo9
Meat and dairy pr'dets Is 49, 54s ai,Ss4 ois
cattle and hoSs,...... 4,It5,53o 3,3SS,6'4
Mineral oils. .......... 17,35l $50 lG, 4?6,3Sl
Total ........... .$l43, $50, 100 S1G5, l31, 703
The iron trade is regarded AS in a generally
u WI NuliNllbIpn, III lhc liltTCub
branches have Il confident feeling impaired
by the very good outlook for business and
prices generally are tirmcr in consequence.
The Philadelphia Ledger hears of II good
deal of talk In the steel rail market and some
large transactions are pending.
Tho visible copper supply is 256, 533, 120
pounds. This is more than a years annual
consumption for the whole world. 1t must
take between $50, 900, 600 and S4O, 900, 900 to
carry this load. The market is under the
conf rol Of n E'ranrh syn1iratp
The n mountof wheat of this crop so far
marketed in Montana and Dakota is est
mated at 30 per cent. This leaves A. per
cent in reserve, from which must be de-
Quoted the quantity needed for food and
seed.
The car shortage in the west and south
has interfercd with the movement of lumber
for n month or moro, but there is now less
complaint on that score. This is partly be-
cause the demand for lumber Is not very
large, but not wholly, as there is considcra-
BILE activity in some sections. Trade is pick
ing up in Iowa, Missouri, and Nebraska, and
shipments 10 those states promise to be large
the remainder Of this month. The whole
sale Missouri dealers are buying largely at
Wisconsin mills.
The Adams Express company has closed a
contract for n term of five years with the ST.
Paul and Duluth railroad. This makes up
ward of 3 1900 miles of territory in the north
west taken from the United States company
by the Adams within n few years.
Prime, the crop expert, says that not for
several years has November been as fine for
gathering the corn crop, finishing fall plow-
ing, and getting winter wheat in good shape
rs il has been this year.
Thu output Of anthracite coil since Janu-
airy /, aggregates 81, 0i3, 5S5 tons, an in
crease of 3,5l2,2 iS'tons over the same time
last year.
November 22 has been fixed as the date for
the last shipmen of freight from New York
intended for the lake steamers.
1t IL stated that there arc 1000 Touring
mills IN this country.