The weekly Union times. [volume] (Union C.H., South Carolina) 1871-1894, 1889-08-02
-..~,uraglhg-Buliish .
Movement or Wheat

Special kilograms 20 Bradstrecrs report
no material increase I'm the volume OF gem
eral trade. In q fow lines at several oitias
slight gains are noted, but an average de-
mand and moderate distribution app,ar sos
trade Is rath,r below that OF a week ago.
Leather is quiet and hides are dull at Boston,
Tn, weather in Louisiana aud Texas has
helped the crops, and rice In the former
state promises much better than a mouth
ago.
Later advices from the Northwes are not
as discouraging as to the wheat prospects as
earlier in tho week. Prices OF hogs at West.
ern markets are lower on heavy receipts,
aud cattle, all but best grades, are 10 cents
lower: An unusually large number OF cattle
are to be exported within the next three or
four months, and nearly all tbs requisite
room on Glasgow AMI Liverpool steamers
has been engaged. The cause Is the low
price here and the shortage OF tho European
cattle crop. At New York groceries, dry
goods, country produce, naval stores, boots
and shoes (manufacturers) and paper are
more active
AS intimated in these columns tbs New
York md New Jersey brick makers have
agreed TO stop work September 81 until next
season, providing 80 per cent OF the capacity
agree.
and prices are subject to depression by bear
manipulation Of an apparently limtel char
acter. Bonds are dull with soma depression
in speculative issues. The New York money
undertone. Call loans 313X per cent For
ei2n exchange is easyfor sterling and high
for francs Densohd sterling, 4 S7Xa 4 81.
81, ,OoO. 900 gold ,<as engaged for shipment to
Franco. Exceptional interest attaches to
tho exhibit oil net railroat earnings for May
and for five months. For May the com.
panies show gain OF 49, per cent in net,
SO por cent in gross. For five months the
net increase is 1O.T per cent, against 81 pr
cent in gross.
Reported increased shortage of wheat in
Russia, Germany, Austria, Hungary and
India, in DIkota and Manitoba, hardening
markets abroad, delayed deliveries Of do
| mestic new crop aud bull manipulation at
advanced 4c, to $3.50. The reaction (wesO
and increased offerings at seaboard cut
| prices &c. Late domestic wheat crop re-
| ports are less d'maging than those issued
| early in the week. Flour OF preferred
brands has held its own. Corn has been 40.
higher. Wheat gains 3Lsc on the week, aud
corn &c. Exports of wheat and flour as
wheat (ooth COASTS aggregate ,4GO, ,2O3 BUSH
| els, against ,55S O55 bushels last week, and
| ,46 1,00O bushels in the thir,i week In July,
1883. Nearly $4,000 bushels OF wheat and
| flour as wheat left the pacific coast this
| week. San Francisco advices are that re.
yival Of demand for -four by China IS ex-
| pectsd.
The serious break In beet sugar prices at
London laNt week caused n plnic among
speculative operators which was checked
| only when banking houses extended the time
| for ring contracts to 8 .ptember l5 Prices
| have recovered some since. The effect on
| cane sugar was slight, beyond checking pur-
chases for a time, prices having eased off
but trlfle There Is no change or new dis.
covery in the statistical position Of cane
sugar to alter the pronounced bullish posi-:
tion OF that staple. Raw has been shaded
an eighth.
Coffee advanced in speculative markets
about 10 per pound Oh actual demand.
Offers from Santos on parity with New
York, indicating weakness at primary mar
kets, broke the price, and n drop at Havrs
stimulated the reaction. The net gain OF
the week is but &c.
Domestic dry goods at first hands are onl,
moderately active. Print cloths arc l-16
lower, but other makes OF cotton and woolei
goods are firmly held, with bleached cotton
showing a small advance. Brown ant
colored cottons are sold up to production
Regular jobbing trade ID dull at New Yori
AMI Boston, But Il fair package trade is Gio
ing. Movement on orders is fully up to th,
average Ra%c;sS9iifi rs Markets. Prices ar,
firAAhf. HGfNcSTtainty regarding prices Of man
ufactured goods render manufacturers SLOW
to buy. Raw cotton is quit at unchangec
quotations. C-cr prospects Gre sooI.