Omaha daily bee., 1890-01-12
The CONDITION OF TRADE.
An Increase of Twenty Per Cont in
Bank Clearings.
MONEY IN VERY ACTIVE DEMAND.
Jobbers Report the New Years Busi-
mess as starting Out Fairly Well
Country Collections Fair
Produce Demoralized.
In Local Commercial Circles.

shafh ,ANs :, ~
TIL clearings for the week foot up $500
Coz. 81, an increase Of 20 o 10 per cent. Money
continues in very active demand from both
city ana country, but tho supply seems to
keep up ana there is no undue stringency, in
fact bankers quote the market as easier this
month than last, nevertheless they seem TO
fear a tighter market and applications are
none too readily met while amounts asked
for are frequently ,scaled down. Rates are
firm at S per cent for gilt edged paper with
10 per cent the rule in many instances. The
banks are, however, taking care of their
regular customers at 10 higher rates than
ordinary.
Jobbers report the years trade as starting
out fairly well, but say that the warm
weather IL still detrimental to business, as
dealers hesitate about stocking up with
spring goods when their shelves are
crowded with their winter purchases, which
they must carry over 10 another season.
Still, orders to statesmen are liberal under
the circumstances, and a. our jobbers have
extended their connection TO many points in
the far west not heretofore actively worked,
the results of the month are said TO be salts
factory, and a good spring trade will doubts
less result from the efforts put forth.
Dry goods are in fair demand and prices
firm. An advance is poted in Lodi shifting s
md "A. y. A. and b. B. Denim's wooleu
goods are depressed under the influence OF
the mild weather.
In groceries sugars are steady at quota
lions. COffccs are firm under auvices that
Brazil will increase the duty. The receipts
NJ Rio for three days were q, 200 bags and at
Santos for the same time 5000 bags. Havre
made n net decline of l5f. HAMBURG was
6ligbtlV lower RprpiDts at Rim .Julv 1 $3.50
to January 6, 1890, l~,173,O0O bags: same time
1889, 2,5S4, 600 bags; sa,uc time 1888, l,020,
900. Receipts 1T Santos July |, 1889, to Jan
uary6 O, 1890, 1906, 900 bags same time 1889,
1890, 600 bags; same time 1888, 639. 600 bags.
A Rotterdam cable to the exchange today
gave the quantity afioat from Brazil to Eu-
rope at 42O, 90, bags against 800, 900 bags dur
ing November. The quantity ailoat for
Europe from Java and the east is 70,00J
bags, against 10000 bags during November.
The produce market is demoralized from
the weather and hens are laying more eggs
than there is a call for. Strictly fresh have
sold down to l219c and there is no price
quotable on cold storage stock. Butter and
poultry are in ample supply but with an ex-
cellent demand for choice and offerings have
been closed out at fair prices.
Collections III the country are pretty good,
better than was expected, and there have
been but few failures and these for small
amounts; quite n number Of short time ex.
tensions have been granted, however, and
IL SeeHS W Us inc policy Oh our lODDerS,
backed by the banks, to assist in this way
all who by reason of slew business are UNI
able to meet maturing obligations promptly
rather than 10 close them out.
Chicago Tribune commisseratc
Omaha on the falling off in hog receipts a.
this point as compared with the increase al
Sioux City during the past few days, and at
tributes the loss to freight discrimination:
on the part of the Union Pacific railroad
company In favor of the latter point. II
might be suggested In this connection thai
there are two other good reasons for the IN
crease OF receipts at Sioux City. One is
that South Dakota is bare of grain and her
farmers must either sell their stock or see II
starve, aud they are shipping every shoa'
they have, and the second is that they just
now prefer Sioux City because their coun.
try IS oyerrun with buyers from that town
who. IL is estimated are working in the in
terest of the owners of the stock yards Their,
and are paying Us high for hogs on the car.
at stations in South Dakota us can be- real
lied from packers in Sioux City. This
may scem strange, but il is hinte,
as a reason for this anomaly that a certain
clique among the heavy holders Of stock il
the stock Yards company there are desirou
% OF unloading at q profitable price, and tina
The stock IS in brokers' hands in Boston TO
sale, but that the market has been dull an,
to create an activity these buyers have beef
sent out with orders TO fill the pens at Siou,
City with pigs Mt any price. 1t is wei
known that Sioux City packers are dissatis
~ - hhhs lehAp up " phNhibB tOllt ALI
one of the largest packers there has expressed
desire to sell his house and move either q
Lincoln or Omaha, while Omaha packers al,
continually adding TO their facilities TO
killing and storing meats, which they Ger
talnly would not do II they feared n perma
nent decline in the receipts here. 2
There continuest TO be much lethargy amonl
our merchants and manufacturers in tn,
matter of securing the state fair for the mex
five years, which they can readily DO b,
actively assisting the press, real estate eS
change and board OF trade in their endeavor
TO this end. Our merchants can we'll affors
to devote both time and money to this objec
and by a united effort secure TIL
location of the fair here whore it properi
belongs. Its location in Omaha will briu.
hundreds of merchants TO our city, whom w
never see and know now only though on
travelling statesmen, ana personal friendship
will thus be formed and cemented to mutua
profit. a little timely action will secure tn
fair TO Omaha for five years, ana we trus
our iobbers will exert themselves earnest
, and promptly. III they want it and set out I
get it, they can nave IL.