The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1886-10-12
An UNPRECEDENTED RUSH
OF ORDERS FOR MERCHANDISE
AND MATERIAL
In All Branches OF Trade, the Tend.
ency In Prices Being Upward,
Especially In Dry Goods.
lsprc1IL TO TILE AprEAL.l

PHILADELPHIA, Pa, October IL
There is an u nprecedented rush OF or.
deTs for merchandise and material in
all branches. Prices are pointing up
ward, but as yet there has b en- no
general advance. Business men are
apprehensive OF il and are PREF aring
for 1t by ordering goods ahead. This
is espt cislly true in the dry goods
tri do, also IN lumber, iron. ttsel, clio h.
ing, and in general merchandise ond
machinery. Macy OF the larger ma
chine shops are sold up three to four
months. The mills making dress
goode, hosiery, silk, Woo,en and
wor.tsd, and the nils on wOisted
ard wooden cloth are all oversold and
overcrowdsd. Twenty million pounds
of Wtsern and foreign woods have
been contracted for to bs de i've ed
through the fall and winter, and q
further advance is probable. JCbbers
are urab o to obtain supple fast
enough. Boot and thoe manu- 'aCturers
are running full time here and all
through New Eng aud, and are able to
keep up. Hides will decline in price
and let ther will advance.
Iron and Steel. - Busines 80 is Crowding
in. Rail makers are getting S34 for
rails TO be- made next spring. The
bridge iron m kers are all sold up; 30
of plate. Prices are strong r. Pig
iron is getting scarce, even whh pro-
duction OF 10000 tons per week. Nails
are 81 and ~ 10; bars, 81 80 and ~.
Hlmber.-Iheie are sufficient cup
plies to keep prices from advancing
much, il any. White pine aud yellow
pine are pouring into Atlantic markets
ard Who'll, salers are handling all of it
at steady hui not higher pr ces. Hem
lock S1l 80.
Coal The Anthra.it combination
has advanced prices on consumers and
VIII ovid them higher YET. Demand
Is very active. Business is improving
rapidly, az d the consumption will be
ahead OF any former year. Last weeks
returns from sixty railroads shows
turpr s'r z increase in earniUgs. For
eign bond and stockholders conem-
pate heavy purchases here soop.
Tr. flic is rapidly increasing. Lsrgs
quantities Of railway material, rails,
locomotives ard cars, besides lumber
have been ordered. From al indus.
tiial Cente's reports of great activity
are received, and the thr, atening up
ward tendency in prices is more omin-
Gus. The producing interests seem
to fear an advance, strange as it may
seem, and are fighting against it in all
quarters, lest ovelp,oduCtion may
swamp our industries as it did four
yeais ego.
Capitalists are. greatly encouraged.
Several syndiCates HAYS been formed
TO prose cute great enterpr ss, also
several importsnt trade combinations
have been quickly formed and more
l,e ia ked OF. Every industry is pre-
pairing for someth ny to happen. Tho
attest wheat Snd corn reports are favor
abe. Cereal exports are mod iate.
Leather exports for eight months have
ALLEN { fl and boots and shoe exports
have increased, Large investments
will be inside in the Yves. aud South
next spring. Combinations are now
being en- ersd.irto in Philadelphia and
New York looking to indus rial expsn-
sion and railroad extension on a scale
Of unprecedented magnitude.
1t is to the interest ( the governing
powers of Europe to have a CONT
mental war, ard diplomacy is playing
It's tricks to that end. Labor was
never more generally employed and
IS rule as well paid as now, but
here are a million peraons within
.weniy-four hours Ct the poorhouse
after all. The Richmond convention
IF Knights will strengthen the labor
and the outcome will in
line be the formation of a Labor
Congress for advis Try purposes. A
irsh snd widespr ad labor agitation
g probable next spring.