The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1886-11-23
THE STATE OF TRADE.
MOST ENCOURAGING REPOR IS
FROM ALL QUARTERS.
The General Industrial Condition
Stronger Than Ii Was q Month
AgO-Bank Statement.

LSfkOLAL ~ The AffhAL.l
PHILADELPHIA, Pa, November 90
The past week or ten days have de,
veloped more business in iron and
steel than has been transacted during
a like period this year, Orders for
ste ell rails in from 1000 to 20. 600 ton
lots have been placed in American
mills at from $}4 80 TO $35, and in for
eign mills in large lots that will COS,
buyers $3S at Gulf ro,ts. A great
deal of inquiry is now in the market
for rails, cars, locomotives, ties, lum-
Der and email railway material, such
as spikes, nuts, and bolts, for delivery
TO purchasers during the winter and
early in the spring.
The past week has been quiet in
textile manufacturing and distributing
circles, as this is between seasons.
Wool is quiet, and in some instances
a slight reaction has taken place.
Wool dealers in the West and jobbers
in the East are conf lent that the de.
mands OF textile manufac urers
throughout the New England and
Middle States will drive them into the
market for supplies between now and
January let, and think still higher
prices for all kinds Of wool will be
reached.
Dry goods of all kinds are in abund.
ant supply. The mills and factories
have accumulated large stocks of wool
ems and worsteds, Of carpetings of all
kinds, and of hosiery and upholstery
goods. The reason for the present
lull in the market is that m~anufaclu-
rers and jobbers are waiting upon re-
tailers TO crowd prices up 10 a little
higher level, but contracts will be
made fort he spring on a large scale
before manufacturers will feel it safe
to accumulate stocks.
The clothing houses in New York
and Philadelphia, hove have cOv-
cred the bulk of their ,uirementsin
light woolens and w rsted, and are
now carrying very heavy stocks.
Building Activity.-In New England
building activity is estimated to have
exceeded last years volume Of bust
ness by about ~ per cent. Ia New
York large transactions have taken
place during the past few days in real
for the purpose of extensive
building operations during the coming
In Philadelphia house build
ing has exceeded last years building
by about HOO houses, the numbsr at
present being $685., with nearly 1000
houses, large and small, now under
co ntract TO be completed by December
18th. Building material of all kinds
abundant and the msnuf icturers
ire preparing to extend their facilities
or manufacturing. Throughout the
West a similarly active condition in
he building trades is reported, and
he winter will be more than usually
lctive in shop and repair work. The
manufacturers of heavy machinery
ire o~vercrowded with orders for three
months and the car works throughout
ne country have their capacity fully
AIKEN up for the winter.
Boots and Shoes The boot and shoe
manufacturers of New England and
Philadelphia are proceeding rather
autiously with regard to late winter
nd spring work. Leather is abun-
Iaut and moderate in price. Manu-
acturers are buying stocks with much
aution, because Of the rather slow
disposition OF goods through the
lands Of jobbers dnring the past
week.
Coal The demand for anthracite
Gal is heavy, The production is $780,
90 tons per week. The coal COM
Ianies will advance prices on Deem
Ter 1st. The bituminous operators
ave not perfected their scheme for
prices in January and Feb
usry on eastern shipments, but ex-
'ect to do so. Twenty million tone Of
luminous coal will move from Pitts
'urg at the next rise. Nearly all Of
he mines in Ohio and Indiana will be
perated to full capacity during the
Thegeneral industrial conditions are
tronger than they were a month ago.
he prompt disposition of products
the fall has given m%snufactur-
rs large and small much confidence,
nd consumers Of all kinds of material
re purchasing supplies for the winter
nth a liberality and promptness that
} strengthening piices all around.
he railroad companies are buying
Material aud laying plans for extern
We addition to mileage. The ship
uilders along the lakes and Atlantic
osst will enter upon construction of
luoh tonnage during the next sixty
avs and will probably buy very
The demand for all kinds OF
manufactured products will keep
,ock in retailers hands, and will
Emulate a continuous trade move
lent throughout the country.