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 Strong-Money
Easy at New York

SVS ""S" INJURY 10 drops Uy stotnS-
+, Stocks and Bonds stronG--Mouey
Easy at New York.
General trade throughout the country as
reported by wire to Br,ttstrrct,s has been
quite rs inactive as IS customary during tho
week in which the Fourth OF July holiday
occurs. Semi-annual stock -takings. settle
ments, and u persistent and widespread
rainstorm tended to further check trade
In Texas and Georgia rains are said to have
done some damage to the crops. Contradic-
tory reports come from the Spring wheat
region, but no svidenc, has arrived yet of
serious disaster to that crop. The business
outlook for the remaining half year is re.
garded us brighter, with higher prices and
cotton.
l., Bear pressure and lower prices have rue I
tn stock trading at New York. Railroad
differences at the West, fears of a reorpani.
zation OF Atchison aud I'll, too rapid advance
OF trust securities, seem to be the basis for
this action which is accompanied by heay v
bear manipulation. Bonds are strong and
steady with a good reinvest,neut tketHand.
Money at New York is becoming easier. an
call loans are down to 3a4 per cents For
eign exchange is easier, AMI dem md sterling
is u. S7S<a4.SS.
are fairly active. Midsummer trade with
jobbers Is very quiet. Prices for print cloths
aud low grade bleached goods tend upward
Raw wool sales at seabOard are limited by
light stocks and high prices. Raw cotton /,
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 good uuality v
on hand more than supported prices and
both wheat crop aud n1ur tend howard
Ia OH orb n
both declined on limited demand at Eastern
centres.
Hogs and cattle at tho West ore selling
higher. San Francisco sent 1000 bushels
Australian and South American demand m
disappear soon. Stocks OF wheat at about
100 points OF accumulation and in transit.
East Of the Rocky Mountains, July l, as re.
ported to Brddstreecs, aggregate %, 38l l. 900
bushels, quantity less than has been held al
tho points referred to OIL like date Tor
seven years.
Raw sugar has been In less active request.
but is just as confidently held at &c advance
fot centrifusals: Refined maintained the
high range OF last week. Coffee reacted
somewhat after the heavy decline OF last
week, but relapsed into heaviness on a re.
port that Brazil would carry over I, roc, ,OOC
bags Of coGee into the new crop year begin
ming July l.
There were $40 strikes In the u nited States
involving 9S, ,23S strikers for six months OF
the year, against 436 strikes and I72 AZ.
strikers In the arst half OF 1855 and So
strikes and 222 ,U23 strikers in 1887. Tn,
failures among commercial and iudustria
traders In the United States since January
numbered 5,9lS, or IL per cent. more than IL
The first half Of 1883. With O dozen failures
eliminated, this report contains only favor
able features, as the recent growth Of gen
eral business has not been fully reflected IL
the higher commercial death rate. Banl
clearings at thirty seven cities for six months
aggregate $27,O97, ,4S0, ,956, or Is per cent
more than in 1883, per cent. I'm excess OF
1886 and IL Der cent more than In 1886.