Omaha daily bee., 1888-10-28
THE CONDITION OF. TRADE.
Money Rules Easy and the Demand
Continues Fair.
GENERAL BUSINESS MODERATE.
Unusually food Collections In Ne
braska-Prices Have an Upward
Tendency-Sugar Unchanged
Flour Steady Com
mercial Notes.
The Money Market,

past week with q fair demand from both
city and country. The market for money is
easier than usual at this season and all re
q%uirements are freely met at the usual rate
10 per cent. Exchange is in good supply
and steady at 81 per 1000 premium.
An exchange states that a start has been
made at copper smelling in Nevada. Two or
three furnaces are already at work in the
eastern part Of the state, and there are
many IN western Nevada that might be
started up.
The Chicago, Rock Island & Pacific rail
road has asked the New York stock exchange
TO list 81, 600, 900 additional first mortgage
extension and collateral bonds issued against
a deposit Of an equal amount OF chicago
Kansas e. Nebraska railroad bonds.
Within the past week four national banks
in different parts of the country have sur
rendered their bonds held to secure pubic
deposits. II is stated at the treasury that
other considerable Withdrawals are contem-
plated.
no great rush IN any of the lines, but orders
are liberal and jobbers are very well salts
fled. The election excitement, as IT APP
proachcs its climax, tends to divert mems
minds from business, especially in the coun-
try, and quite a lull will be looked for from
now to November 9. but great confidence Is
felt that the closing weeks of the year Will
be busy ones. Collections are good, and in
Nebraska are commented upon as being very
good indeed.
Lumber is particularly active and the
shipments to the country are heavy, while a
very good demand prevails in the city.
Groceries and dry goods are doing well, ana
hardware merchants report trade very salts
factory and sales ahead of last year. Prices
rule steady with an upward tendency and
there is a sure advance predicted in some
kinds of canned goods, especially tomatoes,
~ 10 -,,, arp valid Hrtnl nNllnp IN
the short supply. Dried fruits are plenti.
full and the California product is of
fine quality. Teas are somewhat higher,
especially in the lower grades. Provisions
are lower and leading packers quoted a rad
zeal reduction in the price of lard and smoked
meats the past week. The output of anthra.
cite coal continues excessive and the demand
is moderate, hence higher prices should not
be looked for. Flour is fairly steady, and as
the principal millers of the northwest are
strong bulls" higher prices may be legiti-
mately anticipated. The supply of both Car
DINA and Louisiana rice is restricted and
prices are very steady. The finer grades of
Cheese is in good demand and prices
have advanced. Sugar IS unchanged,
with a tendency to lower prices
but the trust is still in the ascendancy and
likely to remain so this year at least. The
demand for butter in all grades is good and
higher prices are likely 10 prevail.
1t is the case every year when the crop of
American sugar begins to come in that all
through the south and west as far as st.
LOUIS the New Orleans sugar is preferred.
This sugar is now appearing, and as there is
a very large crop the southern planters are
making money. Not that the acreage is IN
creased, but with their improved methods of
machinery they do not make half the waste
and thereby the output is increased. The
Boston Commercial Bulletin says that 1.-THE
arrival on the market of the New Orleans
crop has curtailed the territory of the re-
fined-sugar men. The market is in a some
what peculiar condition. While IA general
steady feeling pervades it there is at the
same time a feeling that the prices will soon
begin to go lower. The stocks Of raw sugar
which up to now have not been up to the av-
erage are now plenty for the demand"
Oils are selling actively and carbon oils are
steady. The consumption is over 40, 600 barrels
daily in excess of production and this is max
ing heavy inrOads on the visible supply,
which is less than II ,00O, 600 barrels.
Mackerel are scarce and high, with slow
sales. The mackerel feet did little or
nothing the past week and the season is now
virtually over, though a few vessels will re-
main out q little longer in hopes Of making
some hauls which would compensate par
TALLY for their poor luck during the summer
The catch to date is only 34,O67 bbls, against
69.s25 bbls in 1887, n,774 bols in 1885, and
3Ol sos bbls in 1885. In 1854, the great
mackerel year, the total New England catch
was 416, Ols bbls.
The English salt trust will begin opera
tions with the opening of November. The
output is to be restricted, competition
have studied the situation have arrived at
the conclusion without much brain work that
higher. prices for English salt will cause
higher prices for New York and Michigan
salt. As American salt producers are always
ready to further their own interests.
The demand for sugar continues rather
slow and prices are not characterized by any
great frmness. The scheme Of refining
sugar by electricity, which has been doomed
considerably among refiners of late, has not
yet been publicly tested in u practical man
ner, and some doubts have been expressed
regarding the outcome. Kansas, IL it keeps
up the record IL has made this
year, will soon be a large sugar state. Large
amounts of sorghum sugar and mOlasses have
been raised, and the price has been much
lower than heretofore.
Coffee is meeting with a very fair demand
andithe importations are increasing. During
the past week $4,000 bags of coffee were
shipped on steamers and sail vessels from
Rio de Janeiro to this country, and 5000 bags
left Santos forour shores. Supplies at Santos
are increasing and are quite large. The
spectators are still trying to boom coffee.
and bad Braz1 crop reports are mad the
most Of by the bulls.
The Goldfish catch shows a falling Off from
last year, but the supply will probably be
enough for the demand at the prices asked.
Herring and other kinds Of picked fish are
attracting more attention. A schooner has
arrived at Gloucester with {, 1000 small mack
crel, which sold upon receipt at 4c each.
According to the Philadelphia Press the
iron trade is just now IN a comparatively sat
isfactory condition. Lately the demand has
been sufficiently active to prevent any in
crease Of stocks and prices have had no OPP
portunity to develope weakness. On the
contrary mills and furnaces have all been
pushed for deliveries, and the market has
shown q corresponding firmness. Nowhero
on the list have buyers been able recently
TO hnd u weak place.