The weekly Union times. [volume] (Union C.H., South Carolina) 1871-1894, 1889-07-19
TRADE OF THE WEEK.
Inactivity Ruled Owing to the
Holiday and Heavy Rains.
Not Much Injury TO Crops by Rains
Stocks and Bonds sStronS--Mouey
Easy at New York

Not Much Injury TO Crops by Rains
Stocks and Bonds StronS--Moncy
Easy at New York.
General trade throughout the country as
reported by wire to BrudstrcctS, has been
week i'm which the Fourth OF July holiday
occurs. Semi-annual stock-takings settle
ments, aud persistent and widespread
rainstorm tended to further check trade.
In Texas and Georgia rains are sai,l To have
done some damage to the crops. Contradic-
tory reports come from the Spring wheat
region. but no evidcuc, has arrived yet of
serious disaster to that crop. The business
outlook for the rcmsining half year is re-.
garded US brighter, with higher prices and
'f'0' % e'e' aud
cotton.
Bear pressure and lower prices have rue
In stock trading at New York Railro,d
differences at the West, fears of "A rrurg,ni.
zation Of Atchison aud tn, too rapid aLvuncs
OF trust securities, seem to be the basis for
this action which is accompanied 10y heav Y
bear m inipuatiou. Bonds are strong and
steady with gooI reinvestmeut demand
Money at New York il becoming easier, an
call loans are down to Sa4 per cents For
eign exchange Is easier, and dem mi sterling
is 81 S1}ia4.SS.
Cotton goods for Fall wear and woolens
are fairly active. Midsummer trade with
jobbers is very quiet. Prices for print cloths
and low grade bicached goods tend upward.
Raw wool sales ut seaboard arc limited by
light stocks and high prices. Raw cotton Is
Is higher on fair demand
Rep rts OF damage to the domestic Spring
wheat crop, to the wheat crop in Russia.
together with small stocks of goui uual,ty v
on hand more than supported prices and
both wheat crop aud ilJur tend upward
Indian corn, too, il higher. Pork nnd lard
both declined on limited demand at Eastern
centres.
Hogs and c,ttle at tho West orc selling
higher. San Francisco sent 73,OJO bushels
Of wheat to lilo Jalieiro, but expects the
Australian and South American demand to
disappear soon. Stocks OF wheat at about
9OD points OF accumulation and in transit.
East Of the Rocky Mouutairs, 8, July |, as re-
ported to BradstreeCa. aggregate 2O,35i 900
bushels, n quantity less than has been held a {
tho points referred to OH a like date for
seven years.
Raw sugar has been in less active request,
but is just rs confidently held at &c advance
Zoe centritugals. Refined maintained the
high range OF last week. Coffee reacted
somewhat after the heavy decline OF last
week, but relapsed into heayiness on q re-
port that Brazil would carry over roo, 900
bags Of coifse into the new crop year beg in
ming July 1.
There were $40 strikes In the United States,
involving 81, 25S strikers for six months of
the year, against 436 strikes and I72, 43G
strikers in the first half Of 1888 and 81
strikes and 232.U .U23 strikers in 1887. The
failures among commercial and industrial
traders in the United States since January |
numbered 59lS, or IL per cent. more than In
the first half Of 1888. With dozen failures
eliminated, this report contains ouly favor
able features, as the recent growth of gen.
eral business has not been fully reflected in
the higher commercial death rate. Bank
clearings at thirty seven cities for six months
aggregate S27.097, ,4s0, ,956. OF is per cent
more than in 1888, per cent In excess Of
1856 and IL per cent. more than In 1886.