The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1886-05-25
WEEKLY TRADE REVIEW.
THE INDUSTRIAL SITUATIOE
RAPIDLY IMPROVING.
Growing Confidence at Leading Man
uiaeturing Centers The Labor
Agitation Subsiding.
lsPHCIAL TO TEE APPEAL.I


PHILADELPHIA, May 24.-The indus.
trial situation is improving. Tie
agitation for shorter hours is prsctic-
silly over in all but two or three cite.
-Four thoufand workers have returned
to ten hours. New enterprises are
BEING held back in part. Architects
sLd builders report growing conf
dence. Real estate operations have
greatly fallen off, and lower prices will
probably be accepted for city and
suburban properties, before building
activity is revived fully.
During the week large contracts for
steel rails vera placed and inuu riss
are coming in for railroad equipments
and bridge plate iron. Ga the other
hand, dullness prevails in bsrs, shees
and pigiron. The iron trade generally
is fair.
The early adjustment Of all coal
strikes will sat 10000 bituminous
miners a. work. The anthracite de-
mand Is increasing. The June outout
will be 2,400, 900 tons. Both the Penn.
tylvsnia company and the Reading
company are establishing special facili.
ties for the rapid develo pment OF their
southern and coAstwise trade. Prices
rule firm.
The caIpe', hosiery, silk aud general
dry goods manufacturers have been
able 10 keep quite busy for the dull
reason. The clothing manufacturers.
having set led their difficulties, ara
now ctowdioe out st OK for an eaily
tall trade. New carpet.making ms
chinery is going in. This years pro-
duclion OF textile goods will be in ex.
cess of last years. The expectation of
American textile products is increas-
ing, ss we'll as Ct knitting and some
otner machinery. Wool is quiet. The
weeA's local sales an ounted to ZOO, 600
pouncs.
The partial revival OF building en-
terprises in New England and ia the
Middle States is the precursor OF a
general revival, in spite of shorter
ncu aud higher pay. The month of
June promises to be- one of at &C
tivity, in iIon, steel, coal, lumber and
in railway material.
The organic alton of employers in
pro ectiye organizations continues,
a Id federation among the several
branches is contemplated.
The possibility of a reaction in prices
is contemplated in some quarters, but
the chances ere against it. Manutac-
turing interests will continue the re-
SIR ction policy throughout 1886, but
VIII expand capacity TO be ready for a
sudden growth of demand.
@ mmeIc al failures are limited.
Collections are not unusually difficult.
Buy ers are very cautious in all banches
OF trade and only actual wants ere
supplied. But little if any good is ex.
pected to flow from Confessional Iat o.
lrgis alton. Both lahor and capital
will perfect their organizations and
thereby command respect and consid-
Grafton.
An impetus will be given this sum.
mar and fall to the multiplication of
small manufacturing enterprises by
reason of the production Of cheap ma
chinery and the introduction of vari-
GUS new and improved processes. An
other stimulus is coming from the lib
eral offerings of capital from those
who have heretofore refused to vent
ure outside Of the string of financial
centers, Besides this, at no time has
there been as liberal speculations OF
a kinds as at present.