Omaha daily bee., 1898-06-26
CONDITION OF OMAHA'S TRADE
Business Transactions for the Week Make a
Gratifying Showing,
BANK cLtARlNGS AHEAD or LAST YEAR
Not Many Omaha People Are BuyinE
Bonds-Bnnkers Think Government
Bonds n Good Investment-Job-
bers DO n Large Business.

In the opinion OF some bankers Omaha
people are making a great mistake in not
subscribing more freely to the popular loan
now being made by the government. 1t is
pointed out by them that government bonds
are always salable and can be converted
into cash at any time. which Is not true
Of many securities, and moreover that
banks and other large investors being un-
able TO get as large a slice OF the loan as
they want will be glad to buy up the bonds
q little later on a good premium, which
would make the present purchasers a nice
profit.
Present indications would point to the
application for about 81, 900, 900 In bonds by
the banks and financial Institution of this
city and vicinity. AS a matter of course
th.e banks represent the most of the money,
Sdt 1t is expected that the general public
viii become more deeply interested a little
The bank clearIngs show an enormous
gain over a year ago and in that way
reflect the very satisfactory condition of
general business operations. Both retail
ers and jobbers are giving out most en-
ecuraging reports and the whole business
horizon is bright with promise.
Grocery Values Unchanged.
Very little change took place last week
business. remains about the same, which is
very satisfactory to the jobbers. The new
war revenue has not unsettled business In
the least and trade moves along the same
&s though no change were expected to take
place In the cost of goods to consumers.
tqxacco. The new law puts an additional
tax on that article amounting to q cents
that the market would feel the effects of
II, but dealers do not seem to anticipate
their wants and are buying only for pres
ent use. That Is probably due to the fact
that the consumer pays the fun amount of
= the tax and the dealer Is none the worse
bacco in conformity to the price, making
the plugs and the sacks larger or smaller
as the price goes down or up. The tax on
49, cigars amounts to only about GO cents per
thousand, and that the manufacturers alb
sorb, so that lists on cigars will remain
The tobacco market outside OF the tax
is strong and indications are that i will
especially on the cheaper grades.
The sugar market is also strong and the
demand Is exceedingly heavy: Farinaceous
EemAin the same as a week ago. Flour is
following the course Of the wheat market
and is consequently falling off. No other
change of any Importance in the schedule
of prices is reported.
business I'm Other Lines.
Last week. was what hardware men call
q quiet week, not In connection with the
volume of business transacted, but as re-
CARDS fluctuations of the market, and
changes In the general trend of trade.
Goods remain in fair request and es-
pecially is that true of all seasonable lines
and the market is firm. Quotations even
on rope are unchanged from a week ago,
which is an uncommon event of late. Col
leCt1OnS are good. -a.
About all dry goods merchants are doing
now is supplying the demand for season
able goods. Orders for staple fall goods
are practically all in from those. who or
der early and the more fancy lines in fall
goods have not arrived, so nothing Is doing
in that direction. There is, however. every
Indication for an immense business later on
II present conditions are a criterion of the
future, as jobbers report the best June
There seems to be a feeling in some sec
lions of the country that the market or
that now is the time to buy. There is con
sequently a marked Improvement in the
call for that class of goods even at this
early date.
Shoes Have Not Advanced.
There seems to be a difference of opinion
among jobbers of this city as regards the
condition of the leather market. Some say
that the market is simply strong, while
others hold that within the last sixty oil
ninety days there has been as much as {
10 per cent advance. They all agree, how
ever, that the future condition of the mar
ket is very uncertain, and while they arr
not specializing on a further advance still
Dealers say that within the last few months
they have not put up the price of shoes
which, it would seem, goes to show tina
the reported advance in leather is not YER,
effective as yet.
Jobbers are enjoying a good lively trad
but this hot weather Is checking it tenn
porarily. Merchants out through the coun
try are not doing any business, as TIL
farmers are all busy in the fields and con
tAIutitti othtlS 4 " I'M N so w
as though there were a good demand at tn
country stores, The present dizziness, how
ever, will be more than made up for late
on In the season.
There has practically been no change II
the rubber trade during the last week
Competition is as close as ever and St
dealers are on the watch for business. or
ders are being received as rapidly as coul'
and While some cutting of prices is re
ported sun merchants are generally prett,
well satisfied.
Thara iS nothing maui 70 ranOrt ohp,,
the lumber trade. The market is still
Btrong on all lines and the indications ar
THAT 1t will remain that way for some tim
to come. Jobbers say there seems to b
= better feeling out through the countr
received. Now that the small grain GRO
Is assured merchants feel confident tina
p big trade is in store for them and ar
portion Of their fall stock. it frequentl
happens that merchants experience no Iii
tie difficulty in getting cars Just when the
want them, a little later after grain an
cotton are being transported, and so it
trade to a certain, extent. Retail lumbe
business remains about the same with, tn
has fallen off until there is PRACTICAL
nothing doing in that direction.
Fruit and Produce.
While commission men are glad to sc
hot weather, still they say it Injuries tn
fruit trade, as. perishable goods will NJ
with a great deal of risk and loss. Onl
a few home grown and Colorado straw
berries are left on the market and al
being quoted at s2.75 and $500. These wi
be gone In a few days and the ~strawberr
season will be over. Blackberries are tt
most plentiful at the present time and al
selling at from $3.50 to S1.75. The receip'
of black raspberries are also quite liberia
but not as much SO as blackberries ar
are II little higher, as they are quoted
s225, Red raspberries, as usual, are n,
very abundant and are selling for ST.
81 ~ per 2i-pint case.
Lemons are still going up at a rapid ra'
and have now reached the s. mark Il
CALIFORNIA; and fancy Messinas are quote
at &c.
The egg market has been weak most
the time during the last few days, but
now "a little trmer. An over supply, owir
10 n falling off i'm shipments, was Il
cause of the break In the market. The
is no change reported in butter or poultr
NAH GENERAL Arr
Condition of l,rnLe md QuaiatiaI