The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1886-10-09
IMMENSE GAINS IN TRADE
A HEAVY INCREASE OF BUSINESS
FOR THIRTY CITIES.
The Aggregate Of CleArings SOme.
thing Over $4,000 900 More
Than Last Week.

NEW YoRK, October 8-Spac.al
kilograms to BrGdstreet's, while record
leg moderate check in sales Of some
staples, as expected. at this time, make
plaiu new evideIca cf the excsp ion-
ally heavy volume OF business. The
bank clearinRs LOW begin 10 reveal
the full proportions Of commercial
transactions, with a very heavy total
for thirty cities. During the curient
week. as especially wired to
BradStreets, the aggregate cleariugs
are 81 POO, 255, 4S7, against $996, 843, 1928
last week and 1896, 1913 1876 in the ike
week of 1885, showing a gain OF 20.4
per cent. this week and Of 2S.l per
cent. agsinst last year. Heavy deal
ipgs in the New York stock market
will account for share of this in
crease at New York, the total for the
week amounting to 100000 shares,
against 2,645, 000 last weak and $780,
Ou0 shares ia the like week OF 1885,
and l,l56,000 in 1884. The total earn.
iIgs oil forty nine railways for Septsm-
Der reported 10 BrGdstreefS ia 800, 250,-
600, against $1S,565,l 90 in 1885. and
Sl8,l24,000 in 1884. For nine months
'he aggregate is $l39,5US, 0C0, or ST.
258,00O moIe than in 1884, and $691,-
600 more than 1885. TIE New York
stock market was &C i've, f.versh
and il A1eDcsd by a highly sp5cu-
lative fesling. Prices advanced
irIegularly, although toward the clio ,e
Of the marGet quietsr feslipg pre-
vailed. Bonds were firiD, money was
extremely firm and foreign exchange
was weak and close to the aoid i'm
porting p5iut. The Gales Of dry goods
cotton, wool, AID to sons deglee Of
lumber, have been somewhat checked,
but there remains confidence on all
rides of a good demand in the near
future. Pig iron IS now 81
per ton higher in all direc-
Jlons. Southern and Western
furnaces are heavily sod ahead,
and demand for 300 tons FROM a
dozen consumers in New York for
early delivery would put No. up 81
per ton. For this grade $40 is now
asked, with a probability OF $40 by
January. Dry 20 ds are firm. Print
cloths are higher, and brown and
bleached sheelings are frsctionally
higher. Stocks ara lot increasing.
Wool is quietsr, but strong la spite
OF speculative buying, home prlc, S
are below foreign. The loss OF
cotton in Texas by the late storm IS
reported to amount to over 10000
bales. Estimates of the loss to the
Western tobScco crop ale placed at
from 10 10 per cent, Lou sVille re-
ports inclinlI G to the lower figure.
There appears to be some couht
as to the extent of the loss by
frost in the Virginia aud North Caro-.
liza tobacco regions. Cotton and to-
bacco, as well IS petroleum, remain
dull, featureless and without material
change in price at New York. Hog
products are depressed and lower.
There ia no sign OF sain in wheat,
despite the late excellent export de-
mand. Receipts at the West and
Northwts st have declined some. Flour
is depressed and lower, with contih.
ued heavy foreign consignmente. The
industrial situation is disturbed by an
extended etrike and lockout of textile
operatives at Philadelphia, a threat.
ened lockout CT knitting mill bands in
the Hudson River Valley, aud the
threatened strike OF 10000 pork pack.
ing employc, at Chicago against the
enforcement OF the ten hour day. The
improved cane crop prcspsc.s have
further depressed sugar, and incrs ass
receipts OF coffee have caused de-
cline Of 4c.