Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1868-09-23
TRADE.
Present and Prospective COndi-
tiOn Of English Trade.
From the New York Daily Bulletin.l

| From the New York Daily Bulletin.l
The low rates OF interest for money on
! both sides OF the Atlantic Is indicative
of the general dullness OF business. In
! this respect there seems to bs q remark
! able similarity between that STATE Of
| trade in England and the United States.
| In both countries money Is at minimum
rates, with q comparatively limited de-
| mand, and q consequent want OF sctiv-
| ity In nearly Sll branches OF business. In
both countries, also, the depression Is
largely due to the influence of politics.
The war rumors in Europe limit opera
tions to the supply Of commodities for
immediate consumption, and inspires 8
distrust of the future that is fatal to any
thing like business energy aud enterprise.
The uncertainties regarding the Presi-
deDtisl election, added to our currency
and debt troubles, produce nearly similar
results in the United States.
But in both countries there are symp-
toms of revival that promise more ac-
tivity in business affairs. The latest ac-
counts from England represent that there
was pereeptible Improvement in nearly
all branches OF trade except the iron in
terests. The Board Of Trade returns for
July show an increase OF expectations
amounting to elS5 $50, SIS compared with
the previous month. Manufactured cot
tons show an increase of two and a-hatf
per cent? value and twelve per cent In
quantity. In wooden goods there has
been an improvement OF six per cent in
value and thirty-1ve per cent in guam
tity, owing to the improved demand
from the United States. Iron shows
8 large diminution of sixteen per
cent, and in linen manufactures
there is decline of four per
cent. In importstions there is decline
Of four per cent. In cotton, the arrivals
during the month amounting to 10 1893
cEts., against 748 1913 c1ts. in July, 1867.
Wheat shows reduction OF nine per
cent. The returns exhibit decided im-
provement as compared with the pEevi-
Gus six months Of the previous year, al
though the total exports during the en-
tire seven OF the present year are two
and three-qusrters per cent. below those
OF the corresponding period In 1887, and
of seven per cent. as compared with 1865.
The total shipments during the first
seven months OF the present year were
el00, ,349, ,426. $50
From the English manufacturing dis
tricts, during the latter part of August,
the news Is still more favorable. In the
cotton and wooden districts there is an
absence of anything ike speculative de-
mand, but there is an increased activity
to fill orders for immediate consumption.
There is very little new business doing,
and orders are chiefly for home account.
The demand for India and the United
States is unusually low, and American
merchants, especially, manifest 8 reluc-
tance to enter upon transactions. The
struggle for hover prices had not entirely
ceased, and manufacturers decline or
ders that are based upon the assumption
of lower prices for the raw material
The wool trade is generally dull, the &C.
tlvity being limited to American orders.
Sanguine expectations existed in Eng
land and on the continent Of an Improve
ment in business during the winter.
There is an admitted scarcity of goods,
anu 6 general want Of leading commodi-
ties by consumers. II the fears of a gen.
eral war were removed business would at
once improve. But ss it is, ali classes
economise and hoard as much as possible,
in anticipation Of a pressure in casa of 3
war. Thus the business conditions de-
pend almost entirely upon the current of
political affairs, and until the latter as
sumo more consistency and defiuitensss
nothing like return TO prosperity il TO be
looked for.