The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1886-10-19

the unsettled condition of affairs there,
and the uncertainty caused by appre-
tensions that q most serious war may
break out, have strong Oppressive in
fuence and check enterprise. The
clearing house returns for last week
show a total gain, in the thirty cities
reported, of,1l.4 per cent. over the
corresponding week last year. LeaV-
ing out New York with its Wall
street speculations, the increase
amounts TO 146 psr cent, an in
crease which speSks decidedly we'll
for industrial and mercantile, as dis
tirguished irjm speculative trausac-
tiors. 01iy fur cities report a de-
crease during the week, three oil
them OF 5 and s per cent, but one
New 0rleans-amounts to l7.2 per
cent. New York Rdvices report "a
large and hsalthful improvement Of
all kinds OF mercantile and manu-
featured products. In iron and
steel, mills and furnaces are every
where oversold, and inquiries are nu-
merous for winter requirements, with
no sgn Of over production. Leather
holds its own; E,stern shoe manu-
lecturers report an active demand,
with decreasing stocks and croWding
orders. Railway earnings are increas'
ing-a decided assurance Of increasing
trade. Indus rial producers frequently
complain OF small profits, and the
market viii bear no material advance.
Labor difficulties aid to keep down
prices, as advances lead TO demands
for changes from the workmen.
The large amount of orders re-
csived in advance also steadies prices
at their present level, bat in
wool, coal, lumber, iron aud cotton
sharp advances are considered possi-
be. The Lumber Trade Journal says:
Reports gathered from almost every
line of trade indicate q largely in
creased business over last fall. There
ia no doubt but that stocks OF all
kinds ave exceedingly low in the in
terror towns, aud merchants must buy
largely TO replenish their stocks TO
meet the demands. The best element
OF the present boom, the most cheer
ful aspect lies in the conservative and
solid basis upon which 1t is made.
Confidence is every where established,
and the business world takes on new
hope, buys literally, and proSecutes
with vigor and faith, certain that en-
ergy will be REPAID" The Baltimore
Record says the West never saw pro-
gress such as the South is now max
ing. The Philadelphia Record reports
labor in demand; the small shops
especially are actively employed, and
manufacturers and merchants are
busy. In the West building is active,
with indications Of scarcity Of labor in
machine shops, railway works
aud mile. The demand is
expected TO bring many foreign
workingmen over here. The Chatta
nooga nademqn reports: Through
out the South business has been good
in September, aud October has SO ia,
been lively month. Therehas bear
no sudden climb in prices All rate
have, however, stifened and advancel
have occurred in several lines" The
same paper says the iron men there
are looking for higher prices. Finan
clal affairs show no special changes
the new 81 oliver certific ltss are tsker
eagerly, and the inconvenient silveI
dollars will take refuge in the Treaeur!
vaults, a burial instead OF welcom,
for ''the dollar OF our fathers" Silvel
in London quotes 45sd an ounce
which mak?s the metal value o
the dollar to. be 761 cents. o.
Friday the New York Indicator re
ported; "There is $l,2O0,0OO NOR,
gold reported engaged for shipment t
New York, making So 100000 now OIL
the way" And on Thursday: "Ship
ments Of $l,475,OOO gold are reported
to have been engaged for New York
A gold boom is looming up" Ga tn,
whole the weeks general business re
port is extremely encouraging, an
ualess European war should chang
the prominent look OF things, th,
prospect 10 all that could be desired.
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