Omaha daily bee., 1888-09-09
WEEKLY BUSINESS REVIEW.
the Money Market.
AN EXCELLENT JOBBING TRADE.
Business Unusually Active For This
Time of Ycar-StoCks Higher and
Firm-An Exciting Week in
Wheat Speculation.
AN EXCELLENT JoseING TRADE.

CHICAGO, Sept. S.-[Spccial Telegram to
TIL BEE. The financial situation here and
throughout the country is in much the same
condition as u week since. The long pre-
dicted increase in the exports of gold to bal
ance the deficiencies made by the failure of
exports of produce and merchandise to equal
our imports fails to materialize, and the
pessimists who have predicted monetary
stringency from such sources have so far
been disappointed. Nor are there any rea-
sons for anticipating the development of
such conditions in the near future or the re-
verse. Europe continues to be a large buyer
OF American securities and bills drawn
against such purchases are ample to keep ex-
change down to u healthy point. Exports Of
cotton and other property may confidently
be looked for IN the immediate future, hence
no material outflow of gold is likely during
the remainder of the year. The increasing
volume of trade in all directions is causing
corresponding demand for discounts at Chi.
cago banks. But they are well fortified with
funds, and good paper, or that backed by
choice collaterals, is readily accepted at 5@7
per cent, sac being the usual figures
Ior advances on gram and pro-
visions. The movement Of Monday
to the spring wheat sections is a
tribe larger than a week ago and as the end
of another week is likely to witness u ma
terlal augmentation in the movement of
that cereal to market a corresponding en-
largement in the call for money with which
to handle 1t seems certain. This, however,
will be largely balanced by the money re-
turned to the city in payment for goods, the
increase in the latter being decidedly marked
the current week. The jobbing trade in dry
goods and miscellaneous merchandise was
seldom, If ever. more active at this period in
former years and prices for most descrip-
tons of goods are firm.
TrnHinn in Stnnkc in NnIu Vprly ,,,c ;,t1.
rupted by the observance of Labor Dayr on
Monday which cut off one days operations.
Nevertheless a large business was transacted
and a firmer feeling prevailed during the
greater part of the week and prices averaged
higher. Coalers and grangers received most
attention. 1t was also noticed that several
stocks that had been practically dead for
some time past were brought prominently to
the front and sharp advances were recorded.
Reports OF damage to the crops had a de-
pressing effect on holders and the gem
eral feeling was less "Bullishn than at any
time since the upward movement started.
The coal business is good and the production
is largely in excess of last year. This gives
coal roads an increased tonnage, and at ad-
vanced rates affords a chance to earn more
money. The impression prevailed that al
though the wheat crop has been damaged,
there will be enough to give the railroads o
large business during the fall and winter.
This is the theory that grangers are being
bought on. Earnings are already on
nc gam dhu ICIDTJS lOE August SNOW
a good increase over the same time
last year. The only unfaYorable renort
was from the Burlington which showed a net
decrease of S6l7 900. This was not wholly
unexpected and had to great extent been dis
counted by the recent downward movement.
: Good realizing on advances caused sharp de-
ciines, but buyers took hold quite freely on
all the depression. Money was bid up to 4
per cent on call loans, but it was only tenn
porary and done to AFFECT the market. The
aggregate sales on the New York stock ex-
change for the week were 81 ,2i4,416 shares.
The speculative fever that took hold of
wheat so strongly last week showed q lutte
abatement this week, and large business
transpired. Wheat again had the lead in
point of fluctuations and animation, and ut
times the excitement ran high. The general
situation regarding crops remains the same,
but IL reports are to be relied on, spring
wheat in the northwest which has been
materially damaged by recent frosts, is turn
ing out badly. Prices advanced sharply, and
indsced heavy realizing by local aud
profits, and moderate reactions followed.
Corn and oats only received fair attention
and at times a dizziness reigned. Fluctua-
tions were small and prices showed no i'm
portant variation from those of the previous
week. An unsettled feeling prevailed in pro.
vision circles and the opening a tirmcr tone
was observable and prices ranged higher, es.
pecially Mt the opening of tie week, but mod
crate realizing caused a reaction.
Food makes Blood and Blood makos
Beauty. Improper digestion Of feod
necessarily produces bad blood, result
ing in a feeling Of ~fullness in the stom-
ach, acidity, heartburn, sickhcadache,
and otherdyspeptic symptoms. A closely
confined life causes indigestion, CON sti-
patton, biliousness aud loss OF appetite.
To emove these troubles there is no
remedy equal TO Prickly Ash Bitters.
1t has been tried and proven TO be a
specific.
Fcrty-tour hunired and eighty-two is said
to be the exact number Of the wording butch.
ers IN Chicago.