The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1886-12-04
BRADSTREETS REPORTS
MODERATE GAINS IN THE MOVE
MENT
or General Merchandise From BOs.
ton, New York, Baltimore, New
Orleans and 'FriscO.

EhW lOHky D6CrMDbI 2.-DIaN'
street points 70 moderate gains in the
movement OF general merchandise
from Boston, New York, Baltimore,
Detroit, Milwaukee, st. Paul, Mime
apollo, New Orleans and San Fran
cisco. Except in go far as this is due
to increased bResdstuffs and other ex-
ports from the Atlantic sesboard, the
gain is due TO stimulated demands for
dry goods, groceries and notions, ow-
ing to cold weather and to the ap.
proach of the holiday season. There
is no material change at Philadelphia,
Pittsburg, Cleveland, Louisville, Chi.
csgo, st. Louis and Ksneas City. At
most points wide spread confidence
is reported In the ahture of general
trade, notwithstanding q noticeable
check to the movsiotnt Of goods from
first hands in textile and other lines.
The total bank clearings this week at
thirty-tWo cities chow the unprece-
denied increase OF 1852, 100000 over
last week, the total being $l,268, 746,-
1903, against 81, 006, 006,508 a week ago
and 81 ,092 ,245, 500 for the week end
ing one year ago. There is On in
crease OF 20 per cent. over last year
aHd 10 per cent. over the like
week for last wear. The
weeks gain at New York alone ia
1874, 700, goo, or about 20 per cent, due
very largely TO the heavy speculative
transactions in railway shares and
bonds, petroleum and Produce Ex-
change dealings. An increased ex-
port had some influence. Philsdel-
phia's increase OF SO per cent. was
owing to the heavy gain in volume
Of railway share speculation, notice
ably In Reading stock. Boston's gain
of IL per cent wss caused to come ex-
tent by like influences, but that OF SO
per cent. al Fan Francisco must be
explained by the outbreak of min
ing stocks speculative fever, and that
Of 40 per cent. at Chicago largely to
the increased grain, provisions and
railway share speculation. Domestic
money markets are easier, and in Q
few instances since the first of the
month mercantile collections at the
West and Northwest are slow, owing
to continued disposition on the par
OF the farmer to hold back his produce
for higher prices. The New Yorl
stock market this week has been the
scene OF wild speculation in Read
ing, which made a considerable
advance on somewhat indefinite
prospects that the reorganization plar
will be favorable to the stock. Manip
ulation on the largest scale seems tt
DO at the bottom Of IL. This gave 4
decided upward impetus to the mar
ket, "the fancies" being prominent IL
the trading. While the excitement
was at its hight realization selling
for foreign account set ia aud was &C
companied by O bear raid, undel
which prices had q sharp reaction; a
the same time the changing Of loan
usual at the beginning of a month
caused some difficulty in carrying
large lines of the fancy and epeouls
tive stocks, and for the latter part O
the week the market has been dul
and ieverish. A heated speculation
10 also in progress In mining shares
The weeks Transactions segregated
3,S88, 1875 shares, against 2, sos, l70share
In the preceding week, 1905, 1922 share
4 III tlO UCVi iObbthhibk WON Vi 100 ,
and 1,722, 800 in 1884. Reading con
tributsd about 1870 coo shares to tina
Of the preceding week, or altogethe
about double the share capital Of tn
company in the Two weeks. Bond
are firm, and advancing in anticipation
Of large demand for investment at
January LIST. AT the West and Soul
the pig iron market is quite active
Some southern furnaces have left tn
market, owing 10 an advance OF stock
and heavy orders ahead during tn
week. Wheat options at Chicago an,
New York have advanced 4@iic, an,
for spot 10 per bushel on increasin
exports and speculation and smaI
stocks abroad. The renewed strength
ia quite pronounced, and the opinio
gains ground that permanent gain i
wheat prices has fiually begun. IN
dian corn went lAc higher with emal
stocks and heavier demand, an
wheat -four with better inquiry 70
export and reduced production hs
been marked up 15c per barrel.
Dry goods at first hands remain dull
and steady, except ginghsms, whic
tend upward. Woolens are only firm
white prints are 10 lower, and wool
/ affected unfavorably by the Londo
sales, which are off SOLO per cent
from previous auction prices.
The Louisiana sugar crop is now eE
timsted at 10000 hogheads, a redu,
} ton from previous estimates. There
more activity in hog products. Specr
lative markets are In sympathy wit
the upward turn to grain prices an
owing to an increasing outside demant
Pork has advanced 50 per barre
and Western steam lard a quarter OF
} cent per pound on the week. On I'll
whole, the week is marked by a di
tinct increase OF speculative activit
at all points. The total number {
failures in the United States repolte
to BrddStreei'S this week is 23S, again
204 last week and 247 in the week or
year ago. The total from January Il
to date is 940O, against 1858 in 18S
r Canada has had 1919 failures this yea
against 1888 last year and 1897 in 1888