The weekly Union times. [volume] (Union C.H., South Carolina) 1871-1894, 1889-08-16
TRADE on THE NEDE,
Later Crop Reports have a
Buoyant Effect on the Market.
Peace Among Railroads has n Favor
able influence ON the Iron Trado
Money Firm and Foreign
Exchange Irregular

Special kilograms to Brdttstrect's do not
point to any Improvement in tho distribution
OF general merchaudis, as compared with
tho preceding fortnight Two or throe large
failures, apparently not duo to conditions
underlying tho state Of tho trade, have
brought about moro careful scrutiny Of
credits. and unusually prolonged wet wealth
er has retarded business in Eastern and ad-
Joining States Wheat and tobacco in Ken
lucky have boon injured by too much ratn.
In louisiana wet weather hos rendered the
wagon roads heavy, but In Texas tho crops
nesd rain. The oat crop Of the country
promises an extraordinary large yield.
New York merchants do not report special
activity In any line. Stock speculation dis
plays n strong undertone on tho crop ami
traffic outlook, but there is neither inter, st
nor activity in the trading Money at Now
York is frmer in tone Call loaus are 4a4I6
percent. Foreign exchange is irregular aud
ton OF gold at Paris and an advance of dis
count rates in London. Reports OF bank
clearings Mt thrty-seven cities, for seven
months OF 1889, aggregate SOL ,697, ,933, ,955,
about 4,lll ,476,9S7 more than in q like De-
riod of 1888. The July, 1889, clearings
amounted to $4.6OS, 4J2,9ll, or II por cent.
more than either Of the three preceding
Julys
News from the Northwest revivcs futh in
large domestic wheat crop. Wheat has
been less active, with a bearish drift. not
withstanding stronger cables, aud is Off l5a1c.
New wheat at New York fails to graue as
we'll rs han bsen anticipated, bsing too soft.
Corn has b.en quite .esiSs sesols.: iovs ye
ment depressed prices some. Oats fairly we'll
sustained. Graded mixed options are lower,
but graded white are higher. Hog products
are more active, with lard stronger and pork
Off little Hogs tend lower. Exports of
wheat land -four as wheat), both coasts, this
week aggregate 1,512,:D7 bushels as com
pared with |, ,S35, $50 bushels last week and
2S2, 900 bushels for the week one year ago.
Reports to BrddstreetS show visible wheat
stocks East of the Rocky Mountains. United
States and Canada amounting to 1901 $40
bushels, 3, go bushels less than OIL July l.,
aud IL, lO5, ,3Sl bu shells less than on August l.
1885, Pacific coast visible stocks show a net
gain of visible wheat during July or 5,3Gj-
40 bushels, so that when stocks on both
| coasts are considered, tho visible has in
| creased 1000 900 bushels during tho past
| month. Flour stocks East OF Rocky Noun
tains aggregate 1882 barrels, a decreass
| of eS, Si3 barrels during July and about 2i6,
OCO barrels compared with August l. 1855.
Holders Ut raw sugar have been easier,
but owing to the protracted sluggishness of
tho demand for refined, retiners have not
| bought freely, and sales wers &c off Oh the
week. Refined has been markol down &c
both at New York and S IN Francisco. Spe-
ssHSg a Ee s9Ss has R8 sssp
per pound. The distributivo movement has
improved.
Weather conditions at New York and else.
where have not favored trade in dry goods.
Jobbers at New York and wooden commits.
sion men at Boston report increased activity,
chiefly In ginShams for Falt wear, wool dres;
goods aud mems wear fabrics. The increased
price Of mems wear woolens hardly equa
tho higher cost Of raw material. Cotton
commission men report only moderate nc
tivity. Prices are firm aud unchanged al
around. Print cloths stocks are smaller, bu
spot quotations are unchanged. Raw WOO
holders evince more readiness to sell, bu
trade shows little enlargement. Prices ar,
not changed. Raw cotton. spots arc quiet a
unchanged prices at New York, aud IL,
\ higher at I,iyerpOOI