Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1879-03-27
IN CUEN EUE HEEE COUN
EERN,ta TIA BE.


TRE'A TRADE.
Is trade really improving? Is a question
put by thousands with great anxiety. Since
the disasters Of 1873 there have been indica-
ton5 at various period7 which led to he ex-
pectation that the longad for turn in affairs
had come, but each occasion proved disap-
pointing. We have for some months had
further indications and encoura gements in SO
many ways and from SO many quarters,
that, putting aside interruptions of the pres
emit course Of things from the possible occur
renee of some public calamity, there can be
no reasonable hesitation in heartily and joy
fully proclalmiDg that the solid, permanent
Improvement in business affairs we have so
long waited for has set in, and that pros
poets are bright with coming prosperity. To
test the facts, the New York Times applied
to competent persons IN every part of the
country this side the Rocky mountains for in
formation SIS 70 the condition Of things around
them. The result is that we have before
US nine solid columns, in the Times of
Wednesday last, Of carefully drawn
statements from fourteen States, and
their unaninIity OF expression as to the
ldfD4dOl lDJADuN Gtl bC lCIEiNGu VIII tOA-
fdence, because each statement of the vast
amount OF information secured comes from
sources entirely unbiased, and each one in
depeadent Of any other. As compared with
the appearance Of things a year ago, we see
full promise of a profitable season, with a
gradual but sure return toward prosperity.
There are few branches of trade that do not
share in the general revival, and those iso-
lated cases exhibit q cheerful confidence in
the immediate future. Like the clans gather
ing their arms for the battle, one branch of
trade after auo,hcr Is entering on . career Of
increased activity, and soon all. in broad
pholanx, will be moving on, rejoicing In the
smile Of the so long prayed for ''better times.
The readiness with winch specie can be ob-
tsincd, and the removal of the difficulties in
hjcted by the national bankruptcy law, have
greatly assisted to restore confidence, a con-
tidence that will become still more settled
when congress shows that it has completed
its financial changes. Capital is everywhere
abundant and eagerly seeking opportunities
for Investment. Prices Of goods are low, but
there are more sales, and the fear OF loss 10y
decrease iu the value Of commodities Is
no longer in the way, and stocks are every
where slight. Emigration is waking up,
more lauds are thrown into cultivation, and
the numbering season Is an active one. Gene
rally manufaCtures are iucrea5ing n activity;
pig-iron and leather are yet quiet, but -four
ing has been good with an charging foreign
market. Real estate is more inquired after.
and building interests are decidedly improy-
ing. In New Jercy and Connecticut the
silk mills age pressed with orders. The east.
crn j1bbeIs report an increase Of sales over
last year. Looking at the broader aspect of
the question, we have the great fact of the
steady increase Of exchanges since the be-
ginning OF the present year, as Is demon
strated by the transactions at the various
Clearinghouse throughout the country.
Credit is IN a sounder condition everywhere;
goods are sold on shorter time, payments are
more prompt, and failures have decreased in
number The almost complete absence of
the speculative spir is especially notable.
Tuere is a decrease in the demand for mere
Injuries, servicaaJle articles take the
lead. Another change Is the increasing
disposition to make smaller and more ire
quent purchases, and to secure cheapness by
paying cash. The following summing up of
the New York Times presents almost as
gratifying o picture as could be wished for: !
IRON mills that have been idle or running |
On half time are resuming, and have orders /
lar ahead. Boot and shoe shops are prePar- |
ing tor an increased demand OF from twenty |
to Thirty per cent. Building is being pushed |
10 an extent quite unknown. In Ohio, the |
acreage devoted to wheat is estimated to