The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1886-10-24
THE MILD WEATHER
PLAYING HAvOCwITH BUSINESS
EVERYWHERE.
There Being No Demand for Winter
GOods-A General and Care
full Review.

NEW YORK, October 23.-Special
kilograms to Brddstrse's note further
decline in the total volume of mer-
chandise distributed, owing to the
piolongation OF uDseasoDably mild
weather; to continued low prices fer
grain and produce, and to country
merchants having been quite well
stocked up with goods in the late
season Of active trading. At New
York, Boston, Detroit, Nashville,
Louisville, Chicago, Burlington and
New Orleans these influences nave
evidently been recognized. This de-
cline in movement, having been in
progress for over two weeks, continues
10 show itself in the clearings. The
total bank clearinRs stthirty cities for
this week 10 ST. 900, $685. 1856, against ST.
O95 1896, 008 last week, decline Of one
half per cent, as compared with
$l,144, 2S704l year ago, a
loss Of per cent. This week
New York lost $l0,O00,000, Philsdel.
phia and Chicago SIS, 600 each aud
San Francisco 5 100000. Boston
cleariDgs gained 100000 on the
week. The domestic money markets
maintain the general firmness hereto
fore noted, the larger portion of the
demand at some OF the more import
ant points being to supply ordinary
commercial and industrial needs.
Earnings Of forty-four railroads during
the second week OF October show a
gain Of nearly 10 per cent. com.
pared with the like week of
1885. The New York stock mar
ket was irregular and feverish
during the week with considerable
manipulation. Bear attacks were
made ON some stocks, under which
prices generally declined. The trans.
actions Of the Stock Exchange
amounted to IL ,065, 800 shares, against
10,l07, 200 shares last week, and IL
1856, 500 shares the week ending Octo-
Der 7th. Bonds were irregular, with
advances in few issuss. Sales were
$2,52S, 1915, against 81, 525, $3.50 last week,
and $3,S50,293 for the CORE
spending week last year. For
eign Ell hapgs advance ! per cent. in
the early part OF the week, and
declined the same amount later on.
Money is slightly easier than last
week, but rates are firm at 6 per cent.
The conspicuous trade feature Ia the
large increase in demand for raw and
finished iron at the West and South.
Prices are again higher, and makers
are inclined to refuse figures which
were acceptable q week ago. At the
East the demand is not nearly go
large, though prices are firm as quoted
q week sgo. Steel rails are no higher
and not likely TO be in the near future,
although the mills are we'll sold
up. Dry goods generally are
not 60 active es week ago,
for causes already named. Prices,
however, are firmly held, and on some
grades of brown and bleached cottons
even higher figures ara asked. Wool
ems are firm and promise to advance
Wool is easier, with tendency
toward WEAKNESS. The lockout in the
knitting mills at Amsterdam and
Cohoes, N. Y, checks tales aud
stimulates resales to some extent. La
Dor troubles at Philadelphia textile
works, where lockout to affect TO-
600 employees is threatened No
vember Sd, promises 10 become
a disturbing Influence. The
switchmen's strike at Minneapolis
is practically ended after having de-
layed traffic for over q week. Wheat
is firmer and higher on a better ex.
port demand, and the arrival Of cold
weather will stimulate the hog pro-
duct industry. Cotton Is weaker on
heavy movement Of new crop and
pressure TO sell at the South. Spots
are of lice, and futures 10 points.
The Louisiana sugar crop outlook is
improving.