Omaha daily bee., 1888-03-11
Commercial Notes.

During the entire month of March cash
wheat kept between 143s@T6IS.
The higher price of corn this year is equal
izing the value of a smaller yield as come
pared with last year.
In 1887 the United States led the world in
the production of steel, with 2,339,071 pounds
against 2, 5U2, SOP pounds in 1886.
There were so, 600, 900 pounds of cotton seed
oil used in the manufacture of "retined lard"
in the United States last year.
According to the Bankers Monthly, six
banking institutions in this state were dis
continued during the month of February.
A rumor is prevalent in commercial circles
in Chicago that a syndicate has been formed
for the purpose of buying corn and bulling it
to n much higher point than at present.
About 20 per cent of the exports of this
country during the fiscal year were agricul-
tural products against 25 per cent of manu-
featured articles including refined petroleum.
Sugar being controlled by one trust and
glucose bAanother, a Boston syndicate pro-
poses to organize a sorghum trust. The next
number on the programme will doubtless be-
a maple sugar trust.
The Bankers Monthly is authority for the
statement that the amount of deposits in
national banks in the states of Nebraska,
Iowa, Minnesota, Kansas and Dakota terri.
tory is $50, SCI, 1873. OF this amount the
national banks of Omaha have $l2, 000,0 600 On
deposit.
Three years ago Colonel Oliver Payne and
other large capitalists formed the cattle trust
with a capital of S25, 900, 600, to control the
meat supply of the world. Providence and
the elements were against the movement and
disease and severe storms decimated the
vast herds. To-day about S12, 600, 600 worth
of stock is locked up in Wall street for sale
at Is cents on the dollar, while the rest can
be purchased in Chicago and Cincinnati at
the same price.
The New York Morning Journal Says
"Wall street is in a most discouraging state.
There is no way of telling from day to day
how the market will open the next morning.
Bulls have insisted and predicted that every
thing was at bed rock, and n change must
necessarily mean higher prices. There have
been practically no changes, however, except
those occurring during each days trading.
Effort has been made in q feeble manner to
revive speculation in securities that have
been dormant, but ambition has halted and
the stocks laid quietly away after being
toyed with a few hours"
The Bankers Monthly sums up Omaha's
business in a nutshell as follows: "a Busy
City.-Omaha planted over 100, 900, 600 OF
brick in stores, bank buildings, packing
houses and residences during the year 1887.
The sales of Omaha's jobbing houses for
twelve months foot up over $40, 000, 900. The
stock yards have handled over 265, 900 cattle
and over ] 10000 hogs. The smelling works,
breweries, oil mills, distilleries, shot factory,
lead works, foundries and MINOR Industrial
concerns have turned out over $40 600 600 OF
products. The packing houses have slaught-
cred over 65, 900 head of cattle, $4,000 hogs
and SO, 900 sheep, which were converted into
meat product at a cost of over S13, 600, 900.
The sales of Omaha wholesale grocers aggre-
gate over $1,000, 600 during the year. One
hundred and twenty-five passenger trains
run in and out of Omaha every twenty-four
hours. TIL national banks of Omaha have
over $l2, 600, 900 on deposit, and the clearings
Of these banks last year was very nearly
$50, 000, 900. Over 1000 skilled and unskilled
workmen are employed in Omaha Industrial
establishments. In addition to these, over
1000 laborers were employed last season in
the Omaha brick yards. These are solid
facts"