Omaha daily bee., 1888-03-25
WEEKLY BUSINESS REVIEW.
A Good Demand For Money FROM
Miscellaneous Sources.
INTEREST RATES RULE STEADY.
Considerable More Activity MANI
Tested in New York Stock Trad
ing-Good Business i'm IN
Produce Markets.
In the Commercial world.


CHICAGO, March A.-tSpecial Telegram 70
the Bee. l-As a rule bankers generally re-
port q good demand for money from miscel-
laneous sources, which in the aggregate abb
sorbed their loanable funds. The increased
speculative trading in grain and provisions
has slightly enlarged the inquiry from specu-
lators, but the demand from that source 10
not pressing and confined to banking institute
tons, which have a greater portion Of these
accounts. Packers are out Of the market
and shippers Of grain and provisions need
very little assistance. There Is considerable
money being forwarded TO the interior for
the movement Of grain and live stock before
the advance in freights from western points,
but a good share OF it is forwarded through
commission houses. Lumbermen are mod
crate borrowers for the opening up of tho
spring trade. Wholesale merchants still
present considerable paper for discount and
succeed in obtaining all the favors required.
The mercantile trade Of the city is fairly
active for the season of the year and the vol.
ume of all kinds of goods distributed is quito
large. Farmers are engaged in their spring
work in the southwest, though the severe
weather of the past three or four days has
interferred with operations to some extent
Rates of interest are reported steady and
without material change. Good paper is
readily accepted at $500 per cent, while
fair names succeed in obtaining moderate
amounts at 6@S per cent, depending on tho
standing of the borrower and the sum re.
quired. Some paper was Offered on the street
and in a few instances g~ilt-edge names obtain
accommodations at 5@5H per cent. In east.
ern financial centers the supply of loanable
funds is fair and good mercantile paper is ac-
1 onptoI OF kI1s1Z ,npt LNn,n;,,, 49,
markets show no material change. Balances
IN the leading banks in England and on the
continent show a further increase, and the
demand for loans is limited, as operators ara
not disposed to engage in any extended trans
actions at present. Interest rates favor bor-
rowers. New York exchange was in light
supply and the demand was limited. Prices
ruled very steady and transactions between
banks were made at parCG25c premium for
81, 600, and the market closed steady at the
range. Foreign exchange was in moderate
request during the past week and offerings
were small, owing to lighter exports Of the
leading articles. Shippers sixty-day docu.
mentary bills on London were quoted q s48A
| @4.S411a, and closed steady at A.S44@4.S4H.
Considerable interest was manifested in
the New York stock market during the past
week and trading was more active than fop
some time past. Thu undertone to the mar
ket indicated an easier feeling, with q gen.
eral desire to realize. The continued unset
| Uleu IeellnR III ITelBuUS, uUeuSlneSS III TeRaTu
to strikes and labor complications and de-
creased earnings have created a lack Of con-
tidence, especially on behalf Of out
side parties. Consequently the increased
deeIinsS in fe priees. Wall u street operators @nress
were inclined to enlarge their business, and
liberal purchases were made by parties who
were on the 'short" side of the market.
selling side, and foreign operators, too, were
inclined to realize. In fact, there were few
features to sustain prices outside of the de-
mand to provide for outstanding contracts.
the week aggregated ,512, 900 shares.
A decided increase in speculative business
occurred in the leading produce markets dur.
ing the past week. There was apparently
more desire to trade, both by local and out
side parties, with preference given to May
and June delivery. The markets were all
unsettled and weak, and a further material
reduction in prices for all the leading articles
was submitted to. The general surroundings
Of the markets were particularly favorablesto
lower prices, yet there was more inclination
''short" side Of the markets, and
t dispose room to trading Follow. elem as PRICES Tss
gradually receded stop %oruers" came TO the
surface and property held on margins was
thrown on the market, all of which added to
the general depression. At the same time
the 'longs' were tired out and weary and in
some instances disposed of their holdings.
Near the close the markets exhibited rather
more strength, but the improvement in
prices was slight.
The crop conditions and weather, both in
this country and Europe, were rather unfav-
orable, but appeared to have little influence
on the grain markets. However, the major
ity of the weak 'longs'' appeared to have
closed out and parties who have been credited
with large ''short' interests have made lib
eral purchases. and the impression prevails
that there is no particular reason for Is
further reduction. Foreign advices
have been less encouraging to
holders, though the reduction in prices
has created some demand on export account
for some articles. The receipts of grain have
been more liberal in all western points, par
TALLY attributable to the anticipated increase
in freights.
The movement eastward has been fair and
the exports somewhat larger.
Provisions followed the course of the grain
markets to some extent and trading was
quite brisk. The arrivals Of live stock at all
western points were fair. The packing OF
hogs in the west Is progressing favorably
and stocks Of provisions exhibit little change
BENCH AND BAR.