Omaha daily bee., 1889-03-10
WEEKLY BUSINESS REVIEW.
Trade Slightly Stimulated BY the
Opening of Spring.
INTEREST RATES REMAIN EASY.
Cheap Money Promises To he the Rulc
on Satisfactory Security A
Further Increase in
Western Packing.

4 Resume of the Week.
CHICtGo, March @ Special Telegram TO
TnE Bsn, The opening of spring has given
u slight stimulation to business in various
lues. As yet, however, the enlargement in
any direction has not been such as to attract
SPECIAL notice or ~ stimulate a material in
crease in the demand for funds. Bankers
report n slight augmentation of absorption of
money by the mercantile houses here and at
other points. The increase, however, is
mainly from firms in good standing who pre-
fer TO borrow money at low rates with which
TO pay for spring stocks, the discount TO
cash buyers being sufficiently large to
allow n good margin between the
rates paid for the loans and the discounts
on the cash bills. A moderate amount Of
money is being absorbed in carrying grain
and provision at other points. Manufacture
crs who are buying materials for spring con-
version are also asking for occasional assist.
ance, but the aggregate volume of paper
presented for discount is not large enough to
absorb the loanable balances of the leading
banks, and the market, to desirable custo-
mers, remains easy NJ 5@6 per cent for gilt
edge collateral, and 6lgOGs per cent for fair
business signatures. Small borrowers GEN
orally pay T4mS per cent. Some good out
side paper also has been accepted at the
same rates. Altogether the outlook for the
spring business is fair, assuming that
there Is nothing in the general situation to
Justify the predictions of II largely increased
demand for money during the coming six
months. On the reverse, the supply promises
conduct of legitimate commercial and in
dustrial pursuits, and cheap money promises
to be the rule to those who furnish salts
factory paper or collaterals. Money at the
and the nrosuerts there favor low rate. i'm the
future, New YORK exchange was slow hut
The market was unsettled and snles ranged
nj 4Om zoe discount ner 1000, and closed M
Soc irorriyn exchange opcned steady Fc,v
hills wore nfnrrd oxrent those drawn npainst
shipments of corn and provisions.
Later. n weak feeling deyel-
oped, owing to the decline in
the cast and prices declined isc. SINNERS,
sixty dnv documentary bills on London
rnnScd nj 81 S4i,I0i NG. Interest IN stocks
in Wall street has run in grooves. Manhats
tan and Oroyon, however. attracted most, at
tontion or these Oregon Navigation and
tho short line were the most active. Man
haitian advanced AZ points on short notice.
Int the disaupointment regarding the divi-
dend. which was IL per cent scrip Convertible
into bonds caused unensiness among snecu-
iators and induced free renli2inr and devel-
onrG n decline of : points. This
checked tho trading. and late in the
veel, sncrulators gave IL little at
tention. Oregon NAVIGATION advanced
shnrnlv. mt later reacted. Oregon
Shn,t inc which has hecn nracticallv n
dead stock for months. came to the front and
advanced sharnlv, For wears it has NOT
earned dxoj charges. and Tulon Pacific
owns 81 600 Gao Of the 81 900 600 canitaI
stock which was rivcn i, for ia assistant ca
in ito construction nv nnartcring its bonds,
mo recent traffic arrnnpemnnt with tho
ITnion Pacific has enabled The short I inc IN
Increase it's business so that il has earned
fixed charges and paid off part of its indebt-
ednoss 10 the Union Pacific, St. paul came
in for fair attention. and n strong bull pool
was reported to have been organized, but it's
operations only resulted in an advance of 1
noint Callers were heavy. and late in the
,wecl, were sold freely by the bears.
who never missed an opportunity to attack
The weak spots in the market whenever thew
anpeared. They also were aided by the fail
ure Of the Reading Iron company. Despite
the selling prires only declined 1LM1aIc.
The rest of the list was without special fea.
tures and moved irregularlv within a small
range. Taking the market on the whole it
was slow and irregular. with a rather weak
undcrtone, and most Of the stocks, except
the active ones named above. show SLIGHT
losses. The aggregate transactions ON the
New York stock exchange for the week were
l 313 600 shares.
The leading produce markets attracted
more speculative attention during the past
week. and increased business was transacted
in all the principal cities. Prices ruled with
considerable irrepularitv. though they were
generally more fayorable to sellers. except-
inc in whrot and oats. The shorts evidently
were more inclined to provide for their out
standing contracts. which assisted IN some
.ua.i,n ~ n.;.a. 1900