Omaha daily bee., 1889-11-03
THE CONDITION OF TRADE.
Bankers Report Money In About
the Same Condition.
COUNTRY AND CITY BORROWERS.
A Slight Decrease In Clearings Ow.
ing 20 Bad weathcr--G aneral
Trade Reported as Being
Fairly Good.
In Local CommeroinI CircIes.

is very good supply available for all
legitimate PURPOSES, with fair demand
from the city and an active one from the
country. Cattle men in Nebraska will re.
uuire great deal of money this winter, as
feeding will be carried on upon much
larger scale than for many seasons, aud this
money will not be released by the shipment
and sale OF the cattle and sheep till January
and February. The clearings, as reported
by Mr.. Hughes, manager of the clearing
house, foot up St,050,0S003, a decrease Of
40 per cent, trade having been slightly
affected by the stormy weather prevalent
during the week. Rates are to 10 per cent
for prime paper.
General trade is fairly good and iobbers
and manufacturers express satisfaction with
the results of the year TO date, as a rule.
Lumber and hardware men have more to
complain of than others, though boot and
shoe dealers think business might have been
better without tiring them unduly. Grocery
and dry goods iobbers have had a very good
season and sales are somewhat in ex-
cess of last year at this date.
The chief matter of worriment with the
grocers is the unsettled condition of the
sugar market aud its declining tendency.
The trust seems to have lost its grip and Mr..
Sprec6els action, or rather lack of action,
indicate that he is inclined to pose as a
sphinx for a time at least. He gives no sign
OF entering the market as buyer of raw
sugar and it is currently reported that he
Will not begin operations till next month, but
he may start up next week, ana 1t Is this uu =
certainty as to the future OF production that
bothers iobbers and they are taking only
what they need for daily supplies and, as a
rule, losing money on all the sugar they sell.
The same condition of affairs prevails at tn Q
east and In the raw sugar market, and the
depression extends to Europe, where reports
as to the condition of the beet crop ara of q
favorable character. 1t Is SAID that Nj. LIGHT
will foreshadow an increase OF l50, 900 tons
of beet sugar in his next estimate
New York Quotat ols for refined sugars
when exported, less draw, n ks, are: cut loaf
per 100 pounds, S5.3l; cubes per 100 pounds,
Si6S; crushed per 100 pounds 50 81; powd-
cred per 100 pounds, SlSl; granulated per
100 pounds 81 50.
Roasted Rio coffees declined &c per ID this
week, and the market ls depressed and un.
settled. The New York Shipping l. t says of
Brazil coffee: The free sales reported in our
last, followed by further conflicting crop
cables especially those emauating from the
chief seller of last weeS, have had an un-
settling and depressing effect upon the mar
ket, and such business as has tran spired has
been accomplished at a further reduction in
prices. An analysis of the cables to hand
crop, Notwithstanding the vicissitudes of the
season, is in a more favorable condiuion
than has hitherto been supposed,
though it is of course too early TO
foretell what the final outcome is to be until
the season has progressed far enough TO ena.
bic the formation of some detnit idea as to
the magnitude of the crop, therefore con-
unuance OF confusing cable reports usually
incident to mere weather markets will be
in order further depressing influence
= ia of nm off ltil
lower figures ana several sales have been
effected as low as lI.S5 cents cost and freight
for No. Z. The demoralizing influence of
TINS business was most apparent yesterday
and accounts for the general drop in options
and general feeling of uneasiness with which
the market closed. The invoice sales re-
ported since our last have been as follows
1,5OO bags Rio, Nos. g, and y at 1875 cents,
cost and freight; 1000 do No. Z, l5 c. f.; 900
do No. 5, IA e. f.: LOCO do do No Z, IL. So c. f.
Rio cables do not Indicate any material
change in the statistical position of supplies,
the receipts AT Rio being moderate. as
heretotore, whilst at Santos they continue
large. There has been no appreciable
change in stocks. The confusing character
of private cables may be gathered from the
fact that whilst firm offers resulted in sales
at l4S5 cents cost and freight, Phipps' dis
patch quoted the same grade l5s4 cents. The
has had so unse;tling influence,
is as follows - Judging from
the blossom and the condition OF
the trees generally. we put forward the fol-
lowing preliminary estimate Rio crop. Re-
freshing showers and intervals of sunshine
are greatly benehtting the growing crop.
The blossom is exceptionally luxuriant, and
gives promise of a large crop, the hillside
trees recovering rapidly. The blossom is
luxuriant and promises good crop for next
season. Estimate next crop at about four
million bags. In Santos the blossom over
all cofTee-growiug districts is of most
magnificent character, and gives prom
ise of Very large crop. Estimate next
crop ut about three and One-QuarJer million"
The local jODbing demand has continued
moderate, country buyers showing the same
feeling OF hesitation in replenishing their
stocks that Is displayed by dealers in this
market, The option market has been fairly
active, but has reflected the same general
feature noted above, the shorts have taken
advantage of the weak influences to increase
the outstanding short interest and thereby
hammer the market. The closing prices
last evening show net decline since last
Friday of 10 points for November and
G5 points for all other months. The market
left off barely steady =
The total visible supply of Brazil coffee in
warehouse aud atioat for the United States
was on October 80 last, 49,, $40 bags. October
30, 1888, 1t was 49S, ,05+ bags, and November
l, 1887. it was AL ,131 bags. and the visible
supply OF the world October 1, 1889, was
3,ll4,2I2 bags, against 2607, ,474 bags October
/, 1888
Mid coffees are quiet and unchanged.
The produce market has been fairly active
the past week. Fancy and choice butter Is
firm at quotations Dressed poultry has been
in small supply and the demand good. Re-
ceipts OF eggs and game are light and the
market Is stiff at ruling quotations Potatoes
and onions are in stronger request for strictly
first class stock.
The hrm OF Parrotte, Scripps & Co., whole
sale hats and caps, successors to w. l.. Par
rotte Il Co., began business November |.
In the course of an article on tho outlook
Tor sugar. the New York Commercial Bull
letn remarks that hostility to the trust has
led buyers to give preference to outside re-
liners whcneyer conditions of cost permit
ted. Further, Philadelphia refiners have
protected their customers in allowing re-
bates upon unsold stocks as prices declined.
This the trust has refused. So far as can be
discovered from the methods practiced the
trlst has simply managed TO make a market
that brings loss to itself and advantage TO
It's competitors with the situation the more
aggravated in view OF the announced open
ing of the Spreckels refinery at an early
date.
There is tirmer market for dried apples
owing TO the increased exports Over
l6,OOO.O0O pounds OF dried apples were ex-
ported from the United States to foreign
countries during the first nine months of
1889 But little over :, 500 600 pounds were
shipped during the corresponding period last
year
A talaoram from Ilonoo.,a. Nfo.. ...,.