The weekly Union times. [volume] (Union C.H., South Carolina) 1871-1894, 1889-08-09
NUMBER 81.
TRADE OF THE WEEK.
Average Demand and Moder-
rate Movement Continues.
Excellent Crop Prospects and other
Conditions Make the Outlook Fav-
Orable--Active Demands for
tuffs-Gcnerai Fca-
lures

Special kilograms to Brddstrccts fully con-
frm its report OF only ian average demand
and moderate distribution" In general trade,
made last week, and show a continuance OF
these conditions. Now York City, Boston,
Philadelphia, Baltimore, Cincinnati, Cleve-
-s.-.s,-t,v isoutr- md ss.~- Essaeisoo- are in--
ciuded In this characterization. The excep-
ton, IL any, is tho iron and steel indu.tries
ut leading points Of production.
Kansas City reports a decline I'm the vol
umo of trade, and rains have damaged wheat
and corn in the shock In tho region near
Omaha and st. Joseph. There is only q fair
volume Of trade at D.'roit, Galveston and
Savannah. Crops ut the South are promising,
and for some days the like has been true in
the Northwest, where n wheat crop is now
expected equal to that of 1SSS. Excessive
heat has decreased tho volume OF general
business at New Orleans, San Francisco'J
flour and bullion exports to China are grow
Ing rapidly.
Aside from the movement in iron aud steel
there Is no unusual or notable general distri-
button OF staple products Crops prospects
and indications of heavy railroad traffic
cause decidedly better tone and recovering
prices in stock speculation at New York,
though without much incrc,sa of activity
and less apprehension is felt about the antici-
pated drain to the West. Call looms are per
cent and time money psr cent. Foreign
exchange Is weak and lower on Decreasing
demand, and n bett'r supply.
Breadstuffs prices have been higher, and
the demand for specul1t on aud export gem
erally more active. Russian and German
wheat crop reports are no more favorable,
but those from Dakota and Minnesota now
promise about as much wheat as last year.
The decrease Of invisible wheat, both coasts,
July against like dafo 1HSS, is calculated at
5,OOO,0OO bushels, about ~ per cent. and OF
visible wheat 12,00o,OOO bushels. OF 3S per
cent
Grain room is being engaged freely, largely
for corn. Wheat cluses "a II No and corn &c
higher on the week. Exports wheat (ind
-four as wheat) both coasts thus week equal
1885, ,330 bushels, against ,iG), ,202 bushels
last week, and 2,2T3,2Tl bushels in the fourth
week, of July 1888. English and French
crop reports will TO n large extent determine
the course OF hereby exports The United
States probably carry over into the new crop
year the smallest wheat stocks within the
decade.
With free arrivals of raw sugar and free
offerings, partly to arrive, prices have given
way &c. when sellers withdrew from tho
market. The demand for refined continues
checked, and refipers are still storing THAR
Sales Of coffee in speculative markets, based
on weaker cables and more promising crop
reports, depressed prices about 2-5o per
pound.
Dry goods commission meR at New York
report a steady but moderate demand for
cotton and woolen goods Some disa ppoiut-
ment is expressed at the slownes, of Fall
trade. Jobbers are preparing for Fall open
!mGs, and report quiet but steady demand.
Prices are uniformly firm with an advance
Of one-sixteenthsia -prnt cloths and more
strength in low.grade wo-steds. Foreign
silks and woolens are in better demand. Dry
goods exports are light. Raw wool is steady
on moderate inquiry from manufacturers.
Higher prices. of finished goods check sales
and Induce light recorders by the mills Raw
cotton Is i'm good demand ut Now York at
1-l6c advance. Speculation is nore active.