The weekly Union times. [volume] (Union C.H., South Carolina) 1871-1894, 1889-06-28
NUMBER 26.
TRADE OF THE week.
The Condition Of Trade Only
Moderately Favorable.
ANTITRUST Lc ,islation Not Directed
Against Mercantile Contracts.
Stocks aud Bonds Strong and


| NS"'nsI "crCanttie attracts.
Stocks aud Bonds Strong and
| Money Easy at New York.
special kilograms to BrddStrccrs con.
anue to report only a mo oleratsly favorable
condition Of general trado. Tho increased
activity at Philadelphia, notably in lumber
and iron aud in general lines. is duo to the
'eopeninS OF rail lcommunic ition, which was
interrupted by floods in Pennsylvania. Thero
snlso some Improvement I'm dem md for aud
hipment I'm staples ut ST. Louis, Chicago,
Kansas CITY. Galveston, Dts Moinns and
Memphis, aud at Louisville ani Cincinn atti
| business Is reported fair.
Our low preliminary estimate OF SIS ODD =
w loss OF property by tho nooi Is in four
tates Is more likoly to bs reduced than other
| "isn The wheat crop prospect has not i'm.
proved since June 1, but the outlook for
cotton is rather better since the Iouisinn,
irouth has been broken At B.Itimore
New York and Boston trade is quiet, with
country pro luce, naval stores and furnitur,
relatively most active.
Numerous inquiries havo induced I,rud.
Sfccts TO examine tho "Anti-TrIst" lerisl,.
lion OF Missouri. Kansas and Texas, and it
IL found that such legislation is not ns hni
been widely aud crroneously pubIish,I. d.
'ected against mercantile contracts gencrally
but is aimed against contracts or combinn-
ions designed to limit or control pro iuction
of prices.
Under the inilu nc, OF renewed sp,cu,ativ,
interest the New York stock market is actiy,
md tends higher, attention being RAPIDLY
transferred from one stock to another. Bonds
are very strong under increasing inyestment
1emanus Money at Now York continue,
sasy In spite Of large gold shipm ,nts, tho
amounts OF specie engaged aggregatiny
f3,''o,WO. Call loans, 2n2lI per cont. For
.iSn exchange to Europs is very firm,
though sterling Ii easier, demand sterIin1
being quotei at SS2[a4 50.
Whtie sugar prices continue to advance,
having gained 4a7-l6 this week on smnIIer
Visible stocks, unfavorable crop reports,
irmer cables and pronounced activity for
refined interest now centres on what we mr.,
70 receive and where it is to come from.
ttehners stocks are greltly depleted, AMI
the outlook Is for n demand for unusually
large supplies with dearth of them in
sight. Sugar Trust certificates have nd
vanced from SS5 81 in March to SlIO, with
higher figures in prospect. LaIge coires
,rop reports and light distributive and spcc-
ulatlve demand again depressed the stnnla
The decline being about | cent.
Inc Government cereal crop report tended
70 depress prices, being interpreted ms very
favorable, but later weather and crop re-
ports, backed Dy speculative influences.
served to advance wheat on the week l3Ia3c
Indian corn has been lower after an ad vance
on light deliveries, but shows a gain OF oIc
kye Is up sc on bettor export demand All
australian wheat exports have ceased, sup
plies on hand being needed ut homa San
Francisco wires that inquiries for wheat are
received at Montevideo; that $4,000 bushels
have been shipped to Rio Janeiro, and that
the total OF wheat stocks I'm California June
|. Australi, has been drawing wheat from
New Zealand and India as we'll as California
Hog products arc depressed on oxtraorLi-
nnTty heavy receipts III hogs at prominent
interior markets. Dry goods are very quiet,
but generally strong in price at Now Yorl;
and Boston. Cotton goods stocks well
under control, aud holders are confident.
Savn ltyfu ina ,,f had L. h.,xy
advanced Print clothes nre in moderate
sale, firm ut New York, hut rather easier ut
Boston, &c.. '".'.'
Woolen goods are: in moderate demand,
but in fairly liberal movement, notably un-
derwear and hosiery, and prices are well
held, FllnGe el manufacturers ask an advance
Oh present values, and these goods are in
satisfactory movement. Foreign goods arc
rather duller than usual. Raw wool is firm
in price, but active only in tho country.
Manufacturers stocks are light. An upward
tendency In price is noted.
Raw cotton is in good domestic and ex-
port demand, ut 1-l6. decline. Speculation
Is excessively dull. Crop prospects have
improved.