Omaha daily bee., 1891-12-06
The CONDITION OF TRADE.
The Wholesale Trade Of Omaha Continues
Mort Satisfactory.
LOCAL COLLECTIONS NOT VERY GOOD.
The Movement of Grain Interfcrcu
With Co Some Extent by the
Scarcity of Cars for
Shipping.
LOCAL COLLECTIONS NOT VERY eoo[

The condition OF tho jobbing trade OF
Omaha continues TO be very satisfactory and
the volume of goods moving Is large, in some
lines amounting to n positive rush. Whiie
this is In the main due to tho improved con-
ditions prevailing in the country, as a resultof
abundant crops, there is also another impor'
tant factor to be taken into consideration.
During the dull times in Nebraska last year,
consequent upon the less OF crops,
Omaha jobbers pushed out into new
territory and opened up fresh fields for trade.
This year the iobters are reaping the fruits
of this extension OF territory. The success
of their efforts will naturally encourage them
to still prea ter exertlons another year and
additional territory will be conquered by their
enterprise. The jobbing trade of Omaha is
growing; it is already largo, but at the same
time IL is small to what it will be in a few
years, # the present rate Of growth Is main
tanned.
The improved conditions prevailing
In tho west are being felt even
city remarks that the local markets begin to
show very distinct symptoms of the reviving
effect of the large crops on the trade OF the
interior. Following the check upon the de-
maUd for certain kinds OF merchandise arls-
ing from protracted mild weather, there is a
marked increase of buying and a consequent
stiffening OF prices. Sellers have no longer
any need to bolster up the markets by conf
dent talk which hardly agrees with too well
known facts for the buyers themselves have
become too jubilant over the prospect to con-
ceal their assurance OF n good seasons trade,
ana they are buying accordingly. From this
date forward, it will be safe to calculate
upon a prosperous winters business.
The same journal in commenting
upon the general outlook remarks
that it has long been apparent that
Europe would find some difficulty
In Ennrinp from ig banking reserves
the great sums required for the purchase OF
breadstrffs this year. But the banking re-
serves are not the only reliance for such An
emergency. From private boards enormous
sums can be drawn in France or Germany at
almost any time, as has been often proved by
subscriptions to popular loans. The millions
who will require bread to eat will have to
pay their money tor 1t, and to some extent
will have to take that money from their pre-
vious savings. 1t does not necessarily follow,
therefore, as some have argued, that the
severe pressure in foreign money markets
occasioned by balances due this country
will force holders to part with great
amounts OF American securities. 1t may
happen that such a pressure will come, but
as yet no very positive indications support
that expectation. Considerable gold has been
sent to this country already, and yet the
foreign money markets are less stringent,
and seem less likely to become stringent,
than a month or two ago. 1t is also to be
considered that the demand for American
securities is just now peculiarly favored in
foreign countries by the large crops here.
The great American crops give business
to the railroads, swell their earnings,
and afford a fair promise of i'm
provement in their dividends, and nat
urally In the market prices of their stocks and
bonds. On the other hand, the apprehension
OF war is certainly very general, an 1t affects
all classes, from the fiEanciers, bankers and
investors, to the working people who migrate
in large numbers, giving as one reason their
desire to escape military service next year
The feeling naturally grows in Europe that
the securities of almost any European nation
are liable to be severely depressed on the out
break OF war. The very same cause would
certainly increase the business Of American
railroads, but it is impossible to forecast how
far foreign holders would be compelled to
send back Amercan securities.
The retail trade of Omaha is still dragging
In some lines while there has been a decided
improvement in others. Local collections
are not good and not likely to be until every
branch of business shows a marked improve
ment, and until all idle worBmen are given
employment. The Improvement in the man
ufacturing industries has given work to a
good many men already and, If 1t keeps up,
must before long cause a change for the bet
ter in the retail trade.
The local grain market has not been as
active as could be desired on account OF the
difficulty of obtaining cars for the ship
ment of grain. Tho dealers have all
been buyers, put have hesitated about sell
Ing, as there Is no certainty of their being
able to get cars to deliver grain within the
specified time. At the same time the trans
actions have been quito large for a new mar
ket and perhaps as lars as could be expected
even under more favorable conditions. The
grain men of the city are very much encour-
aged over the outlook for securing more fav-
orable rates from the railroads, and in case
their hopes are realized this market will
make big strides forward.
The local produce markets have been
rather quiet for some days. The holiday
last week brought in a glut of poultry which
is only just cleared up. Prices on other
Kinds Of produce have been about steady,
but the demand has not been heavy.