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

able influence ON tho Iron Trade
Money Firm and Foreign
Exchange Irregular
point to any Improvement in tho distribution
OF general msrchnudis, as compared with
tho preceding fortnight Two or throo 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 hos retarded business in Eastern and adj
Joining States. Wheat and tobacco in Ken
lucky have beon injured by too much rain.
In louisiana wet weather has rendered tho
wagon roads heavy, but IN Texas tho crops
nosd rain The oat crop Of the country
promises an extraordinary large yield.
New York merchants do not report special
activity in any limo. Stock speculation dis
plays n strong undertone on tho crop ami
nor activity in the trading. Money at Now
York is tirmer in tone. Call loans arc 4s4iS
percent. Foreign exchange is irregular aud
tirmer at au advance, due to further absorp-
tion OF gold at Paris and un advance OF dis
count rates in London. Reports OF bank
clearings ut thirty-seven cities, for seven
months of 1889, aggregate SOL ,691, ,093 ,955,
about $i,lll ,4T6,9S7 more than In u like Pc
riod of 1883. The July, 1859, clearings
amounted to a. COS 4J2, Oh, or II por cent
more than either OF tho three preceding
Julys.
Nows from the Northwest revivcs fuith in
largo domestic wheat crop Wheat has
been l'ss active, with n bearish drift. not
withstanding stronger cables aud is Off l,alc
New wheat at Now York fails to graie as
we'll rs han boon anticipated, beng too soft.
Corn has h.en quite active seiS Te
mont depressed prices some. Oats fairly we'll
sustained. Graded mixed options are lower,
but graded white are higher. Hog products
nre more active, with lard stronger and pork
or little. Hogs tend lower. Exports Of
wheat land flour as wheat), both coasts this
week aggregate I.512,3Di bushels, AS COM
pared with ,S3j, ,:i3u bushels last week, and
2,2S2 900 bushels for the week one year ago.
Reports to BrddStrcctS show visibls wheat
stocks East of the Rocky Mountains. United
States aud Canada amounting to 1G,O7l $40
bushels, 3,Il2, ,013 bu shells less than OH July l.,
aud ii, l05 ISL bu shells less than on August |,
1883. Pacific coast visible stocks show u net
gain of visible wheat during July or 5,IGj,
40 bushels, so that, when stocks on both
coasts are considered, tho visible has in
creased I,OOO,O00 bushels during tho past
month. Flour stocks East of Rocky Noun
tains aggregate 1873, ,72i barrels, decreas ,
of gS, ,Si3 barrels during July and about 2IG,
OUD barrels compared with August |, 1855.
Holders Of raw sugar have beon easier,
but owing to the protrac.ed sluggishncss of
tho demand for refined, retiners have not
bought freely, and sales wsr" sc OFF on the
week. Refined has been marko down &c
both at New York and s IN Francisco. Spe-
culation in Rio coir1e has not beep especially
active, yet prsccs nave ndvnnCsd aUout DC
per pound The distributivo movement has
improved.
Weather conditions at New York and clse
where have not favored trade in dry goods.
Jobbers at New York and WOODEN commits
sion men at Boston report increased activity,
chiefly In ginghams for Fali wear wool drcst
goods aud mems wear fabrics. The increased
price Of mons wear woolens hardly equa
tho higher cost Of raw material. Cotton
commission mon report only moderate nc
tivity. Prices are firm aud unchanged al
around. Print cloths stocks are smaller, hut
spot quotations are unchanged. Raw WOO
holders evincc more readiness to sell, bu
trade shows little enlargement. Prices ar,
not changed. Raw cotton, spots arc quiet al
unchanged prices at New York, AMI l. II
| higher ut Liverpool.