Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1879-06-20
TRADE ON THE FORWARD MARCH.

TRADE ON THE FORWARD MARCH.
Evidences OF reviviBg trade are now so
palpable that acute characteristics are already
trimming their sales 10 catch the coming
gale. This is especially seen in the way
that stocks long forgotten are coming to the
front and rising in price. The reason of this
is that the money men see that companies
which are now barely able to live will become
Furnishing, railways now neglected will pay
large dividends, and many incomplete
sche mes will flush into life and win success.
10 this way stocks that can now be picked up
for a mere nothing will bring fortunes. This
movement for neglected stocks is one of the
strongest proofs that could be given that life
and animation is about to restore CONNIE rec
to its full robustness. The financial and
commercial departments of the press testify
to the same fact, especially those which are
devoted to special interests. For instance,
the Shoe and Leather Reporter says: "a
marked feeling of citation pervades ali the de-
partments of the trade Just now. 1t is so
refreshing to note any omens OF good luck,
after such long experience OF adversely, that
"A very moderate improvement suffices to re-
ieve the gloom. We are certainly very far
from having reached the point from which
we can contemplate future replete With
afhlence. The shoe dealers are placing
their orders quite freely, at prices
some what higher than they were pay
ing at the opening of the season. "
The New York Chronicle records Tia It gen
eral trade continues good for the season.
The export movement in breadstuffs and
provisions is still large, and articles of Im-
portation meet with far distributing de-
mand. The ability Of the people to take and
pay for merchandise seems to be on the in
crease The Chicago wholesale houses re-
port an unusually active trade for the season,
and these statements, says the Inter Ocean,
of Saturday, are fully verified by the long
line of loaded vehicles that constantly pour
through the streets on their way to and from
the railroad depots. But. Notwithstanding
the steady and heavy sales the past four
months, interior merchants write that their
shelves are bare of goods. A gratifying fea-
ture connected with the trade is the prompt
ness With which bills are settled, showing
that the country trade is IN a
good solvent condition. The New
that currency has been pouring in for several
days in great amount. 0ae bank, which re-
ported small surplus on Saturday, had
surplus reserve of over one million dollars on
Tuesday night, and this was but q symptom
Of the prevailing movement. Millions were
set free that had been locked up in the ten
dollar certificate operation, and millions more
koo IL T-,v, kba hro
very abundant and easy; the rate Of interest
fell to two and three per cent, and the chief
anxiety amoug bankers now is TO 6nd proper
employment FOR the enormous accumulation
of funds which they foresee. Until the fall
business begins, there is danger that specu-
lation may be unduly stimulated by the
abundance Of idle money. The conditions
of trade and commerce are now on a much
better basis than at any corresponding pc
riod in recent years, and the future is in
every respect more hopeful" Cincinnati En-
QRirer: There Is hopeful outlook y gene
RAJ trade, cheering prospect for large crops,
and as a sequence greater confidence in
financial circles" New York Tribune:
Inc bank statement shows that the deple-
ton Of the reserve has stopped, and that an
increase has begun. Foreign and domestic
trade continue to increase sa lsfactorily. I'm
portant steps have been taken toward the re-
construction and strengthening of leading
railroads which have been in faculties since
the panic, and the pooling arrangement of
the trunk lines has been so extended that the
prospects of its success ara increased. l. is
not strange that men in business hesitate to
place full confidence Ia the recovery that has
commenced. The marts are full of men in