Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1885-10-13
APPEAL SPECIALS.
Continued Activity in Philadelphia Busi-
ness Circles-AN Iron and Steel
Works Running at
Their Full Capacity, and Clothing and
Boot and Shoe Manufacturers
Crowded with Orders.
The Industrial Situation in New Eng
land and the Middle States-Spe-
cials from All Points.


lsfEClAL ~ AffEALsi
PHILADELPHIA, Pa, October 12.-Steel
rail brokers and mill agents have inqui-
fies for about 200, ,0C0 tons of steel rails for
winter and spring delivery. Many large
buyers do not believe the steel rail COM
bination can arbitrarily hold rails at a 20
per cent, advance at this time, and will
defer the placing of orders until the ability
of the syndicate to do so is tested. Quota
tions are $50 to S31, offerings $2S to 500.
The Western nail-makers' strike sincee
June 1st, involving 9oSHH 9SnHH OF the 6oC0 nail
machines, has crowded prices from 81 to
81 40, and stocks are exhausted. Heavy
orders for wrought iron pipe, sheet iron
and merchant steel were placed in Penn
sylvania mills this week at card ratee, and
small orders for merchant bars at 81 70;
plate iron, 81; bridge iron, 2 to 8 cents
per pound. Best makes of crude iron are
firm at 90 cents per ton advance; ordinary
makes are declining. The weeks imports
of slab iron, Swedish wire rods and tin
plates are heavy. Prices are firm for coal.
Lake and coastwise freights are advancing,
under efforts at combination and increes-
ing season demand. Heavy deliveries are
being hastened forward on old anthracite
contracts. Rail rates to Eastern points
cular prices will follow. Boston and Chi
cago markets have advanced 35 cents, and
orders are crowding in from local and out
side buyers. Manufacturing demand is
active, in view of higher prices in No
vember.
A sharp improvement in the demand for
bituminous coal has set in in all Western
markets to cover early winter require
ments and to take advantage of the posi-
bility Of an advance in freight rates by
trunk lines, Under consideration.
har doolarc horo ond fhrnrph1,-L ~
Eastern lumber Tr,..ra-us have been stock
.aY up literally for the future trade, aided
by the cut freight rates recently restored.
Yards are temporarily well stocked, but a
remarkable distribution for building, rail-
saad and furniture requirements is in pro-
gress a. steauy paios-. t.as.eh allowing ex-
tremely narrow margins.
Wool continues active in local, Boston
and Philadelphia markets, though all
manufacturers buy cautiously, showing a
preference to pay higher prices if neces-
sary, rather than make speculative pur-
chases. Low woods are wanted and are
scarce. Fine heeces and pulled woods are
scarce and firm. Confidence is gaining
and higher prices are probable.
Clothing manufacturers are crowded
with orders. Carpet orders are thirty to
sixty days ahead. Hosiery and knit goods
are quiet, but an enormous demand holds
prizes uflu. w WOOleIb ar SdluluR III dCtlV-
ity, and manufacturers report rapid de-
pletion of stocks. Work is in progress in
all textile branches on spring samples.
Boot and shoe orders to jobbers and
manufacturers indicate heavy demand,
particularly for the finer grades of work.
There is no falling off at factories, and the
outlook is encouraging.
The industrial situation throughout the
New England and Middle States ia gather
ing strength, and consumptive capacity is
slowly expanding.