Omaha daily bee., 1889-11-04
Bankers Report Money In About
the Same Condition.
COUNTRY AND CITY BORROWERS.
a Slight Decrease In CIearings Ow-
ing to Bad weather-G encral
Trade Reported as Being
Fairly Good.
In Loca, Commercial Circles.

country. Cattle men in Nebraska will re-
uuire great deal of money this winter, as
feeding will be carried OH upon much
larger scale than for many seasons, and 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 MIR. Hughes, manager Of the clearing
house, foot up sl,O6o,0S00j, decrease of
1-l0 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 jobbers
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 tie
sugar market and its declining tendency.
The trust seems to have lost its grip and Mr..
Spreckels action, or rather lack of action,
indicate that he is inclined to pose as q
sphinx for time at least. He gives no sign
of entering the market as q 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, and it is this un-
certainty as to the future of production that
bothers jobbers aud they are taxing only
what they need for daily supplies and, as u
rule, losing money on all the sugar they SELL
The same condition of affairs prevails at the
east and In the raw sugar market, and the
depression extends to Europe, where reports
as to the condition of the beet crop are of a
favorable character. 1t Is SAID that M. LIGHT
will foreshadow an increase of 900 tons
of beet sugar in his next estimate.
New York quotations for refined sugars
when exported, less drawbacks, are: cut loaf
per 100 pounds, S531; cubes per 100 pounds,
Sl6S; crushed per 100 pounds, So 81; powd-
cred per 100 pounds, Si.Sl; granulated per
100 pounds H. 43.
Roasted Rio coffees declined &c per lb this
week, and the market Is depressed and un-
settled. The New York Shipping List says of
Brazil coffee: The free sales reported in our
last, followed by further conflicting crop
cables, especially those emanating from the
chief seller of last week, have had an un-
settling and depressing effect upon the mar
ket, and such business as has transpired has
been accomplished at a further reduction in
prices. An analysis of the cables to hand
would seem to indicate that the growing
crop, notwithstanding the vicissitudes of the
season., is in a more favorable condition
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
tinuance of confusing cable reports, usually
incident to mere weather markets will be
in order. A further depressing influence
has been the receipts of firm offers at still
lower figures, ana several sales have been
effected as low as 4.S5 cents cost and freight
for No. Z. The demoralzing influence of
this business was most apparent yesterday,
and accounts for the general drop in options
and general feeling of uneasiness with which
tho market closed. The invoice sales re-
ported since our last have been as follows:
1900 bags Rio, Nos. 6, and at 15ss cents,
cost and freight; 1000 do No. z, 10 c. +. 1000
do No. s, IA c. f.. 600 do do No. z, 1iS5 C. f.
Rio cables do not indicate any material
change in the statistical position of supplies,
the receipts at Rio being moderate. as
heretofore, whilst at Santos they continue
large. There has been no appreciable
change in stocks The confusing character
fact that whilst firm offers resulted in sales
at l4.S5 cents cost and freight, Phipps' DIS
patch quoted the same grade l5a4 cents. The
dispatch from James Matthews & Co., that
IS has as had fooWs Tsse''nE Judging n'fess feS@
the blossom and the condition OF
the trees generally, we put forward the fol-
lowing preliminary estimate Rio crop. Re-
are greatly benefitting the growing crop
The blossom is exceptionally luxuriant and
gives promise of large crop, the hillside
trees recovering rapidly. The blossom is
luxuriant and promises a good crop for next
season. Estimate next crop at about four
million bags. In Santos the blossom over
all cofree-growing districts is of a most
magnificent character, and gives prom
ise of q very large crop. Estimate next
crop at about three and one-Quaruer mllion.n
jObhinO demand
moderate, country buyers showing the same
feeling OF hesitation in replenshng 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
Friday of 20 points for November and
65 points for all other months. The market
left off barely steady
The total visible supply of Brazil coffee in
warehouse and afloat for the United States
was on October 80 last 452, $40 bags. October
80, 1885, 1t was 49S, ,054 bags, and November
1, 1887, it was Al, ,737 bags. and the visible
supply of the world October l, 1889, was
3,ll4,272 bags, against 2,6O7, 474 bags October
l, 1888.
Mild 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 firm of Parrotte Scripps & Co., whole
sale hats and caps, successors to w. l.. Par
rotte &S Co., began business November /.
In the course of an article on the outlook
for sugar, the New York Commercial Bull
letin remarks that hostility to the trust has
led buyers to give preference to outside re-
finers Whenever 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
trust has simply managed to make d 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 q firmer market for dried apples,
owing TO the increased exports. Over
IL, 000. 600 pounds of dried apples were ex-
ported from the United States to foreign
countries during the first nine months of
1889. But little over 800, 900 pounds were
shipped during the corresponding period last
year.
telegram from Gloucester, Mass, says:
Large receipts of Goldfish continue TO come
in from the Grand banks.n
The southern papers are claiming that
while June conditions promised larger
Louisiana sugar crOD than in lSSS continuous