The weekly Union times. [volume] (Union C.H., South Carolina) 1871-1894, 1889-08-02
TRADE OF THE WEEK.
No Material Change in the Vol
ume Of General Business.
Light Gains I'm Some Cities-LatcI
Crop REPORTS from the Northwest
More Observation-Disclosures
Movement or Wheat.

Movement or Wheat
Special kilograms 20 Bradstrect's report
no material increase I'm the volume OF gen.
eral trade. In fow lines at several cities
slight gains are motel, but an average dc.
mand AMI moderate distribution appear to-
be tho rule. At Kansas City tho volume of
trade Is rath n below that OF a week ago.
Leather is quiet and hides are dull at Boston.
Tn, weather in louisiana aud Texas has
helped the crops, and rice in the former
state promises much bettsr than month
ago
L,ter aivices from tho Northwest are not
as discOuraging as to the wheat prospects rs
earlier in tho week Prices of hogs at West
ern markets are lower on heavy receipts,
aud cattle, all but best grades, are I'D cents
lower: An unusually large number OF cattle
arc to DO eNportd within the noxt three or
four months, AMI nearly all tn, requisite
room on Glasgow AMI Liverpool steamers
has been engaged. The cause Is the low
price here and the shortage OF tho European
cattle crop. At New York groceries, dry
goods, country produce, naval stores, boots
and shoes (mauufacturersJ and paper are
more active.
As intimated i'm these columns tn, New
York ani Now Jersey brick makers have
agreed TO stop work September 80 until next
season, providing 80 per cent Of the capacity
agree. , 49,,
Stock speculation at Now York Is dull,
and prices are subject to depression by bear
actsr Bonds are dull with soma depression
i'm speculative issues. The New York money
market il easy for call loans with sensitive
undertone. Call loans 3a5t6 per cent. For
eixn exchange is easy for sterling and high
for francs. Derpard sterling, S7s<a 49,
=, OJO UOJ gold Tas engaged for shipment to
Franco. Exceptional interest attaches to
tho exhibit OF net railrolt earnings for May
a.
panies show a gain Of 1872 per cent i'm net,
90 p,r cent in gross. For five months tho
net increas" is lO.? per cent. against 81 pr
cent in gross.
iteportad Increased shortage Of wheat in
Russia, Germany, Austria, hungary and
| India, in ID ikota und Manitoba, hardening
markets abroad, delayed deliveries OF do.
mss,ic new crop and bull manipulation at
tho West stimulated speculation and prices
| advanced 4c to S9Hs,, The reaction (Wesi)
and Increased offerings at seaboard cut
prices lL1c. Late domestic wheat crop re.
| ports arc less Il ,magiug than those issued
| carly in tho week. Flour OF preferred
| brands has held it's own. Corn has been 80.
| higher. Wheat gains 3I1c on the week, aud
| corn &c. Exports Of wheat and flour as
wheat (uoth cousts) aggregate AGO, ,203 bush
| els, against ,15S O55 bushels last week, and
| i6 !,OD bushels IN tho third week in July,
| lSSS. Nearly $1,000 bushels Of wheat and
! -four as wheat left this pacific coast this
| week. San Francisco advices are that n re-.
yiyal Of demand for flour by China Is ex-
pectad.
The serious break in beet sugar prices at
London last week caused a panic among
speculative operut )rs which was checked
only when banking houses extended the time
for ring contracts to 5 'ptemher ID. Prices
have recovered some since. Tho effect on
cane sugar was slight, beyond checking pur-
| chnsss for n time, prices having cased of
| but a trItic. There is no change or new dis
! covcry III tho statistical position OF cane
sugar to alter the pronounced bullish posi-
ton ot that staple. Raw has been shaded
an eighth.
Coffee advanced in speculative markets
about 10 per pound on actual demand.
Offers from Santos on parity with Now
| York. indicating, weakness ut primary mar
kcts, broke the price, AMI n drop at Havre
stimulated the reaction. The net gain on
tho week is but sc.
Domestic dry Suols nt first hands are only
moderately active. Print cloths arc l. Ito
| lower, but other makes Of cotton and WOODEN
goods are firmly held, with bleached cottons
showing q small advance. Brown and
colorcd cottons arc sold up to production.
Regular jobbing trade ID dull at New York
ami Boston, but u fair package trade is do
ing Movement on orders is fully UP to the
average. ka~cT'%ht "a 3n1rkrts. Prices are
tlr:fhi!t :" "Unc&rtaInty regarding prices OF man
! ufacturcd goods roudor manufacturers slow
to buy. Raw cotton is uui, t at unchanged
quotations. Crop prospects are good.