The weekly Union times. [volume] (Union C.H., South Carolina) 1871-1894, 1889-06-28
NUMBER 26.
TRADE or THE WEEK.
The Condition Of Trade Only
Moderately Favorable.
Against Mercantile Contracts.
Stocks aud Bonds Strong aud

Against Mercantile Contracts.
Stocks aud Bonds Strong aud
Money Easy at New York.
Especial kilograms to Br.tdStrrcts con
;inue to report only a mo ierately favorable
condition Of general tralo. Tho Increased
activity at Philadelphia, notably iu lumber
ind iron aud in general lines. is duo to tho
'eopening Of railcommuuic ition, which was
interrupted by floods in Pennsylvania Thoro
nlso some Improvement In dem aud for aud
lhtpment in staples at st. Louis, Chicago
Kansas City, Galveston. Dts Moinns aud
Memphis and at Louisville aui Cincinnati
business is reported fair
Our low preliminary estimate OF SIS, ,GGtt
Oo loss OF property by tho uopiS in four
Ttates Is more likoly to bs reduced than other
wis,. The wheat crop prospect has not i'm.
2rovei since Juno 1, but tho outlook FOR
cotton is rather better since the L.ouisiau 1,
irouth has been broken. At Baltimore,
New York and Boston trade is uuiot, with
country proiuce, naval stores aud furniture
relatively most active.
Numerous inquiries havo induced ISr,ut.
streets TO examine tho "Anti-TruSL" leuisla-
zion OF Missouri, Kansas and Texas, and it
~ FOUND that such legislation is not, as ha'
beon widely aud crroneouSly publish vi, di.
:ectsd against mercantile contracts gencrally
but is aimed against contracts or combinn-
ions designed to limit or control pro iuction
of prices.
Under tho nilu VIC, OF renewed specuIatiy,
interest tho New York stock market is actiyy
ind tends higher, attention being rapidly
transferred from one stock to another. Bonds
are very strong under increasing Investment
demands. Money ut Now York continues
sasy In spite Of largo gold shipm ,nts, tho
amounts OF specie engaged nggrogatiny
E},9I5,~. Call loans, 2l2li per cont. For
si2n exchange to Europo is very firm.
though sterliug l. easisr, dernaud sterling
being quotei at SS1ia4 50.
w hiio sugar prices continue to advance.
having gained lts7 lic this week on smnlI.r
visible stocks, unfavorable crop reports,
Hrmer cables and pronounced activity for
refined interest now centres on what we re-
to receive and whore it is TO come from.
Reaners' stocks are gro,tly depleted. nnI
the outlook is for n demSnd for unusually
large supplies. with u dearth Of them in
sight. Sugar Trust certificates have nd
vanced from $50 81 In March to SllO, with
crop reports and light distributive and spcc-
uiative demand again depressed tho stapl,o
Tho decline being about cent.
The Government cereal crop report tended
TO depress prices, bcin& interpreted ns very
favorable, but later weather and crop re-
ports, backed by speculative influences,
served to advance wheat on the week l1ia3c
Indian corn has been lower after an al vance,
On light deliveries, but shows n gain OF 5Ec
Rye Is up &c on bcttor export demand. All
Huoo' "hcuV cAppFiS HuNo CraS3l, SUP
plies Oh band being needed at homa San
Francisco wires that inquiries for wheat nre
received Mt Montevideo; that ID 900 biisirrfs
have been shipped to Rio Janeiro, und that
the total OF wheat stocks I'm California June
|. Ausirnli, has been drawing wheat from
New Zealand and India as wcll as California.
Hog products arc depressed on oxtraordi-
nnrily heavy receipts Of hogs ut prominent
interior markets. Dry goods arc very quiet,
but generally strong in price at Now York
and Boston. Cotton goods stocks nr, well
under control, aud holders nro confident
Several grades Of blcached goods have been
advanced. Print clothes nro in moderate
sale, firm ut New York, hut rather easier at
Boston. '"''..
Wooden goods are. jim moderate demand,
but i'm fairly liberal movement, notably un-
derwear and hosiery, and prices arc we'll
held. Fl,nLcl manufacturers ask an advauc ,
on present values and these goods are in
satisfactory movement Foreign goods arc
rather dullor thnn usual. Raw wool is firm
in price but active only in tho country.
Manufacturers stocks aro light. An upward
tendency In price is noted.
Raw cotton is in good domestic and ex-
port demand, ut 1-lG. decline. Speculation
is excessively dull. Crop prospects have
improved.