The weekly Union times. [volume] (Union C.H., South Carolina) 1871-1894, 1889-07-05
TRADE OF THE week.
Moderately Increased Activity
at the Business Centres.

Despite Apparently Depressing Influ.
ences Stock Speculations Continue
Bullish-Not Much Injury to
Crops by Rains.
Special kilograms to BrIistrccEs report
moderately increased activity in general
trade at Boeton, Philadelphia. Memphis and
burlington. This Is likewise true at Pitts.
rg.ns-,, ,th.s rutiwny .traf5n In fhe. e.Psuffs
sylyania &faodi diregion has ben rssum,d. AT
kansasCity the Improvement is most pro.
bounced where reduced lumber rates have
and stimulated building.
There has been only a molerate business at
Now Orleans, St Louis Galve ston, Omaha,
Detroit and San Francisco. Chicago, st.
Paul aud New York maintain full seasouable
averages
Heavy rains over the Western and central
western states are reported, but no serio, IA
damage to crops is reported. Eight out of
eighteen leading staples have advanced in
price this week. Five are steady, evon firm,
cotton and hog pro lucts alono beiny note.
worthy as showing declines.
In spite OF disturbing elements in the West-
ern Railroad situation tho danger of disrup
ton to the Interstate Association ard an
parent sensitive conditions in the money
Il
tinues to show q decidedly bullish temper.
Activity is slightly decreas ID, aud attention
drifts from tho grangers to tho coal st )cks
nd'industrial" specialties. Bonds are strong
In anticipation OF July rcinvest,nent d..
mand. Over $50, ,GD, 900 gold was shp2,d TO
France and Now York money marked stiff
ened, tho rate for call loans rising from On
etl9 to per cent at the close of tho week.
Foreign exchange is firm. Sterling is lower
relatively than Continental bills. Demand
sterling 4 SS2la4 50.
Gross aud net earnings Of ninety -oue rail-
roads for April and for four months ending
April3o, show gains over April, 1883. i'm gross
OF 3 per cant aud in net of q. 5 per cent For
the TOUR monts the gain i'll gross is 81 per
cent and I'm net 16 per cent A phenomenal
Improvement by the granger roads is due to
COMPARISON boiug mado with the period Of
the great Burlington strike of last year.
There has been an advance all around I'm
breadstuffs, despite the glowing domestic
Ton reports, wheat having gained 211c, corn
40 and oats lc per bushel. Flour has shareI
the stimulus aud, on freer export move
ment is quoted high,r Wheat has been
very variable, down on good weather reports
and easy cables and up again Oh rumored re-
ysed crop reports. New crop winter whoat
has sold at st. Louis at 75c. The Australian
and Brazilian demand for California wheat
has advanced spot at San Francisco to 81 so
per Genital, as millors there want old crop.
and new crop is slow in coming in. Hog
prouuctS nave been moro active, but are
lower or barely steady, as receipts Of hogs
at Western centres continues very heavy.
Demand fof raw sugar has slightly declined
owing to modified request for refiued.
Foreign markets S>ajn very Arm auofao-
tive, ProductioR 8 ssfined Mt New York
has, however beei = S eased to sunniy a.c:::,
e tsSSffs tsfEsia, kcceSf s...s
The latest report oS. .ae worlds visible sup
ply is 7S2, ,633 tons. Against l,063, 1873 tons q
year ago. Prices remain firm. Heavy lqui-
dating orders in the speculative coreo mar
ket here aud abroad have resulted In unusual
excitement and decline of 1.35c to |. 45c per
pound. The break in prices abroad was quite
as precipitate. The outlook is not regarded
as encouraging. Large new crop figures arc
current.
At Eastern dry goods centres Fall trade
opens with dark prints and ginghams in de-
mand, the latter-leading makers--selling at
SIC. Cotton goods arc firm, and some
bleached goods are higher. Semi-anual clear
ing outsales arc being arranged Woolen
goods are firm but quiet. Print clothes are
stronger. Manufacturers having bought
wool moro freely and the staple Is firmor,
moro active and at some points 1c higher
Raw cotton is in very active demand at
decline of &c.
The business failures occurring throughout
the country during the lost soven days num-
ber for the United States l0j aud for Canada
25, or total Of 22J, as compirtd with 2J9
last week and 225 the week previous to the
last. For tho corresponding week OF last
year the figures were POI. representing l76
failures In the United States and % in the
Dominion of Canada.