The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1886-11-16
THE nuslNtss eITUAIION.

rapid sppio ch OF winter iavorins
some glasses OF goods while others
fslrinto the shsde, is very satisfactory
10 those who ere watching the reoov-
cry from depression DOW procee ding
30 decisively. Caution, however, con-
tinues TO be prominent iesture, and
advances OF prices are viewed with
much distrust. Lsbor is meeting with
a liberal demand, but disagreements
about rates OF pay continually occur.
Our Philadelphia correspondent calls
ATTENTION to very extraordinary efforts
making by the employers to effect or
carnations among Themselves that
shall overcome the power OF the work
mems organ nations. Thisisa natural
act Of self defense; whether it is a
wise ore is another thing. Tie in
auence and opposition Of the en-
ployers' unions will aid to drive the
working people 10 seek in State
and Federal legislation Whist lie denied
them in other quarters. This array
ing Of class against class is ominous OF
future trouble. Many persons be-
lieve the condition OF the iron market
TO be a thermometer, indicating the
real safe of trade, and in thal line ii
business the Indications are eminent
" encouraging. The New York Butte-
Tia SAYS: "The monthly statement OF
tho condition Of pig iron furnaces IN
the United States presents very fiat
tering evidences of the continued
property of this branch Of the indus
tiy. Notwithstanding the remarkable
increase in The production that took
place during the summer months, the
supply has not, to all accounts, exceed
ed the demand" Plentiful orders are
stimulating increase Of production.
On the first OF January the number OF
iurua aces in blast YVES 273, with ca
pacity OF 81, 900 tons; now the average
is 1913 furnaces in blast with capacity
Of $4,000 tons. The Bulletin men
tions the unpleaian fact that unless
evidences are greatly misleading, in
fact, the more Influential furDacemen
are as much indisposed 10 encourage
over trading or speculation as they
we're in December, 1885," Those who
recall the proportion Of demand for
iron, especially for rails, to the nupply
at the beginning Of tho depression,
will not be reassured by such state
OF facts. The demand for rails is very
brick aud the production is rapidly in
creasing. In the money market a
feature 10 that, although our imports
are beyond our exports, gold comes
over from Europe and is expected 10
do 20 for some time TO come. The
cause is the large purchases made in
the European markets Of American
securities; and this creates future pos
abilities not pleasant TO contemplate,
but the more pesceable attitude OF
efiairs in Europe decreases those posi-
bililies. The New York Tribune says
We have paid and are still payiDl
several millions every month on &C
count OF adverse merchau disc bal
ances, and yet, in addition to the &c.
curitits sent on hat account, foreign
ere are taking more for which
they shin gold" The clearipl
table we publish this morning
shows that New York speculative
sales have decreased, and the clear
ings there last week were 0 8 per cent
lees than during the came week las
year; while Outside Of New YoIl
there was an increase Of 81 per cent
or the forty places reporting, only 81
were behind the returns Of year ago
aud the dec eases were all below |,
per cent. Memphis clearings wer
34.7 per cent. above thcss OF yea
ago. The Bulletin reports: 9Th
money market was easy, with a sligh
tendency to lower rates. Call loan
ruled to per cent. on stock cola
eral, good borrowers fading no diff
Guilty in securing accommodation q
the lower figure" The New Yor
Indicator stated on Tuesday; "Gold
still coming TO this country in larg
amounts. The arrivals yesterday %
gregsted 81, 052, coo, making about SIT
400, 600 since August" On WedneI
day it added: "The arrivals Of gol
yesterday aggregated $3.50, 900, In se'
eral small amounts. The importstio
OF gold may be eaid to have scarCel
begun. We ought 10 draw considerI
be from Europe in the next three
four months" On Thursday the tel
grams announced that Indian bill
were issued at an advance OF $40
penny on the rupee. Last Tuesdl
we quoted silver at 40 lilo pence q
ounce, II now quotes 40 ll-l6 penC
this makes the silver in our doll
worth 79.l57 cent?. The Indicator 7
porte Southern stocks seemed to
the lavorites in speculation. The
were active and strong even when Il
general u arket was sluggish. TIE
nestee Coal and Iron went of a littl
Good time TO purchase new. tt
stock will advance several points wit
nut any tet back to speak of, Colt
Oil Trust certificates were more acti
thaa for soma time past. They W
eell high this fall"
Henry WATTBRsoN, the bright a
briliant editor of the Louisville Coz
xr-Journal, who has Just returned FRI