The weekly Union times. [volume] (Union C.H., South Carolina) 1871-1894, 1889-08-23
State OF TRADE.
An Increased Volume Of Bust
ness and Improved Crop
Prospects.
Favorable Reports from tho Cotton
Ffeids-Monoy Easy on Call and
Firm on Time-Large Iucrcase
I'm Railroad Earnings.

HI AtutIrOau Earn tngS.
Special kilograms to BradstrccCs report a
somewhat larger volume Of traio at Phila-
delphia, Pittsburg, Louisville, Cincinnati
Kansas City, Chicago and Galveston, and at
other points the lookout for the Autumn
trade Is bright. Anthracite coal and lum-
Der at the East remain quiet, aud raw wool
ures among manufacturers iuIs HAS ulrecJ-
I'D general trad, In some degree at Boston.
kontucky's tobacco acreage is reported at
1oa75 psr cent. Prices are advancing on pros
pective short crop aud renewed purchases. .
Hog products are stronger, notably Western
steam lard. At San Francisc, 20O, ,O0J bush
sls OF wheat have been chartered for Braz.i
and $1,000 shipped to Australia.
Although narrow, stock speculation f.
strong. and prices advance on the Increasing
grain movement at the West Interest
seems to be growing, and unusual confidence
Is expressed in the probability OF moro active
movement in speculation and investment.
Bonds are strong, with increasing demani.
Money at New York is easy on call aud firm
on time. Gail looms, 3a4 par cent. Time
money is five per cont. Foreign exchange is
dull, but firmer on the advance Of rutes at
London. Gross earnings OF l2i railroads for
eight months OF this yoar amount to s9Ol,-
responding period OF 1888. The mileage upon
which those n CURES are based is T3 lao.
against ~. lS3 miles last year. In July, 1889,
only twenty-one companies showed decreases
as compared with July, 1888, while in June,
1889, returns from forty seven comp~aiss
--~~o sun.iler th~s, III gums, 1855.
There 10 an increased activity in dry goods
jobbing lines at Now York, but notably In
Southwestern Jobb>rs are tho chief buyers.
Commission msn report trade moderate.
Prices are as q whole stea iy, tho only nota-
ble exception being In print cloth futures,
which are weaker. The export demands for
cottons is less active. Woolen goods are In
moderate sale at recent advances C2l<.7I6
per cent?. Raw wool is easier. but not
auotaably lower, on less active demand.
Raw cotton is in fairly good demand
ut unchanged quotations Near new
crop futures are higher on less favorable
crop reports.
Prices Of raw sugar are shaded, with con-
tined restricted takings by reflners and only
n moderate decrease in arrivals, thus increas.
ing stocks Mt four ports l0.3f5 tons. The
worlds visible supply Of sugar is given at
549,0 ,0l6 tons, rgainst 575, 1G5, tons last week
and SIG, ,433 tons year ago. Refine sugar
has been in moderate request, although
marked down c on Friday. Coffee h q been
variable with me result ON the week OF a
moderate advance, 10 to 3J points. In dis
tributive lines the movement has been fairly
csthss cSssse Arsal aths PraHiH abpsaf af 8 as
pend upon the Brazilia crop. Should that
crop equal 6,0oO,OOO bags. lower prices are
likely to rule, but il tn. total Is only about
4,OOJ,O0O bags, higher prices will be in pros
psct
The week has brought a reaction I'm bread
stuffs, caused by improved home and
foreign crop reports, moderate export de-
mand and stronger ocoan freight rates.
Flour declined 5al5c on free offerings Of new
product, wheat 16alI5c, Indian corn, on free
offerings, &c, aud oats, with very favorable
crop reports, ilMc.
The business failures occurring throughout
the country during tho last seven days num-
ber, for the United States, l6i, AMI Tor Can
ada, 81, or a total OF POI failures, as compar-
ed with a total OF 2l0 last week. and PIG the
week previous to the last. For tho CORES.
pondng week Of last year the figures were
233, representing POS failures in tho United
States and % in the Dominion of Canada.