The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1886-08-28
THE CONDITION OF TRADE
CONTINUATION OF FAVORABLE
FEATURES.
The Movement Of Merchandise at
Many Points Above the Average
The Money Markets.

NKw York, August 27.-speclal tel
eeram to Brddstreefs report contin-
nance of the favorable trade features
heretofore noted. The movement OF
general merchandise is fully equal to
that in the past week, while the total
volume for August thus far is equal TO
and in many points in excess Of like
periods in preceding years. The total
bank cleaYings at thirty cities shows a
decline Of 500, 065, 44S, or l0i per cent.
as compared with last week. The
shipments OF dead freight east from
Chicago show a marked increase as
compared with last week, and the re-
ceipts OF grain at primary markets are
heavy. The domestic money mar
kets are fairly firm, end at the East
the demand is noticeably in excess oil
the supply, owing to the special de-
mand ut this time for funds 10 psy for
grain forwarded. II is noteworthy
that the demand for funds for use in
commercial and industrial enterprises
at the West continues large.
The New York stock market has
been dull and heavy, owing to the
stripgency OF the money market here,
the unsettled condition Of the London
market and the disturbed condition OF
politics in Eastern Europe. The
money market is firm. Call loans are
GAS per cent and time loans are 5(96
per cent, but are difficult 10 obtain,
Foreign exchange is slightly firmer,
owing TO the advance in the Bank oil
England rate. New York Stock Elk.
change transactions this week aegre.
gate S53, 900 shares, against ], 4O2,OOl
shares, and bond Rales S5,0OO,0O0l
against SS,000,000 week ago.
The dry goods trade with Eastern
iobbeIs is quite active, with agents
moderate. Owing 70 the rec'assifica'
ton OF rail way freight rates on dry
goods shipments from New York have
increased very materially. Sales o
wooden dress gooda, both American
and foreign, have been heavy. Got
ton aannels have ALEC been In active
demand. Plain cottons have advanced
in price since June let, hose per yard
The distribution OF clothing ie active
Print cloths are steady at unchanged
prices.
Pig iron is very firm and any mate
rial gain in demand is likely 10 caus
an increase in price. Southern iroI
is SOC higher per ton. Finished irol
higher, perhaps 8 per cent, owing b
the improved request. Scotch iron
are shade higher, about 25(970c pc
ton. Old rail are stiff at $24 10 pc
ton, at which figure makers are re
ceiving abolt 81 profit. No advanc
is probable In tho near future.
The Kansas corn crop will be large
than expected, which has helped trad
in that region.
The spring wheat crop in Minnesota
is also in excess OF late snticipationt
Prices of wheat have declined TO SOM
extent, owing to expectations OF heav!
deliveries to the increased visible sup
ply and to freer selling by holders.
Cotton reports are more favorable
Damage has been done by the storm
in Southwestern Texas.
The total number of failures in tn,
United States this week was loo
against 1870 last week and l48 the sam,
week last year. Canada had 20 thi
week, against II last week and tn,
same week last year.
The improved demand for sugar ha
carried a small local advance, but tn
announcement that the estimate G
the beet crop had been advanced ;
100000 tons caused decline II
London.
Active speculation, both in thi
market and in Europe, put COTE
up &c.
Free offerings Of rice have induce
concessions.