The weekly Union times. [volume] (Union C.H., South Carolina) 1871-1894, 1889-07-05
TRADE OF THE week.
Moderately Increased Activity
at the Business Centres.
Despite Apparently Depressing Inllu
esStock Speculations Continue
Bullish-Not Much, Injury to

Despite Apparently Depressing Infu.
cesStock Speculations Continue
Bullish-Not Much. Injury to
Crops by Rains.
Special kilograms to Bruistrcst's report
moderately increased activity in general
trade at Boston, Philadelphia. Memphis and
Burlington. This Is likewise true at Pitts
burg. now that railway .trat tac In the-P -Peun-
Isslvsnia ftpg region has bsSlf fresumsd. At
kansasCity the Improvement is most pro.
nounced where reduced lumber rates have
lnereaseds shipments and stimulated building.
There has been only moderate business at
Now Orleans, st. Louis, Galve ston, Omaha,
Detroit and San Francisco. Chicago, st.
Paul aud New York maintain full seasonable
averages.
Heavy rains over the Western and central
Western states are reported, but no serioIs
damage to crops is reporGed. Eight out of
eighteen leading staples have advanced in
price this week Five are steady, evon firm,
cotton and hos pro lucts alone beInx note,
worthy as showing declines.
In spite OF disturbing elements in the West-
ern Railroad situation tho danger of disrup.
ton to the Interstate Association ard an
parent sensitive conditions in the money
market, stock speculation at New York con
tinues to show q decidedly bullish temper
Activity is slightly decreas I'd, and attention
drifts from tho graugers to tho coal st )cks
and'induStrial" speciulties. Bonds are strong
IN anticipation OF July reinvestnent d.,
France aud Now York money market stiff.
ened, the rate for call loans rising from q,
9L TO per cent at tho close OF tho week.
Foreign exchange is firm. Sterling is lower
relatively than Continental bills. Demand
sterling 4 SS3la4 So
Gross aud not earnings of ninety-oue rail.
roads for April and for four months ending
April3o, show gains over April, 1885, in gros,
Of per cant aud in net of q. 5 per cent. For
the tour monts the gain i'll gross is s. per
Improvement by the granger roads is due to
comparison beiug mado with the period Of
the great Burlington strike of last year.
There has been an advance all around in
breadstuffs, despite the glowing domestic
;ron reports, wheat having gained 2lSc, corn
Ne and oats lc per bushel. Flour has sharei
the stimulus aud, on a freer export move
ment Is quoted higher. Wheat has been
very variable, down on good weather reports
and easy cables and up again Oh rumored re-
has sold at St Louis at S5c. The s AastT.aS wIIas
nnd brazilian demand for California wheat
has advanced spot at San Francisco to 81 50
per GENITAL, as millors there want old crop,
and new crop Is slow in coming in. Hog
products have been moro active, but are
at western centres continues very heavy.
Demandfof raw sugar has slightly declined
owing to modified request for refined.
Foreign markets remain very Arm an fac-
tive. froduction-of refined at New York
has, however been increased to supply accu-
&. .lle ssstssF ssha.ss accept RaadIiied bfs.
Tue latest report OF the worlds visible sup
ply Is 7s2, $50 tons, against 1,063. l3S tons
year ago. Prices remain firm. Heavy liqui-
dating orders In the speculative coffee mar
ket here and abroad have resulted In unusual
excitement and decline Of l. 35c to 1. 45c per
pound. The break in prices abroad was quite
as precipitate, The outlook is not regarded
as encouraging. Large new crop figures arc
current.
At Eastern dry goods centres Fall trade
opens with dark prints and ginghams in de-
mand, the latter-leading makcrs--selling at
SIC. Cotton goods arc firm, and some
bleached goods are higher. Semi-anual clear
ing outsales arc being arranged Wooden
goods are firm but quiet. Print clothes are
stronger. Manufacturers having bought
wool more freely and the staple Is firmer,
moro active and at some points 1c higher
Raw cotton is In very active demand at q
decline of &c.
The business failures occurring throughout
the country during the lost seven days num-
ber for Che United States l05 and for Canada
25, or total OF 22O, as compared with 250
last week and 225 the week previous to the
last. For the corresponding week of last
year the figures were POI, representing 176
failures In the United States and % in the
Dominion of Canada.