The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1886-12-25
THE STATE OF TRADE.
THE COMPARATIVE STATEMENT
SINCE DECEMBEk 1.
The Effect OF the War Rumors In
Europe aud the Political Dis,
turbance In England.

New YoRK, December PAR g.
Dun & Co. have isusd the following
trade review for the past week: War
rumors have given character to q week
otherwise dull. With Europe arming
aud political prospects in Crest
Britain all unsettled by Churchill's
resignation, chances of disturbance
abroad ara eagerly discussed in Amer
lean markets, and better prices for
wheat have resulted. Speculation
was stsgnant. Sales f)r three weeks
have been:
Pact PteDiops FirA VIZ
Week. Week. December.
Shares sto 2,236 900 $4,000 8 or, 600
Bushels wheat. 25,75i ,O0J 81 $4,000 80 745, 200
Bushels corn. 2674,dO0 3,8S6,000 4,4o 900
Ba,os cotton SS3 0oS ., SolSo s6 oC
Foreign investors continue 10 hold
stocks and send gold Last week the
Bank OF England lost S3,020,000 and
the Bank OF Francs $3,650,0U0 gold.
Part OF these remitiances may be re-
quired to cover reported needs of Brii-
ish com pauies la the cattle trade,
which overpro1uctiOn and the power.
full clutch of the Ohic7gO ring have
rendered embarrassing TO some foreign
investors. Freedom Tor toe mat
traffic would help British capitalists as
well as American consumers. Bat The
demands resulting from the fall in
speculative securities tavs been heavy,
and 30 far have been met by remit
tances rather than by sales. An actual
outbreak OF war aorold might cause
realizing. bat when everybody is
armed, as rule, nohodv fights.
Blu. on Wednesday aud Thursday
the war reports and heavy freigh. en-
gagemepts suddenly made wheat act
i've, with sales Of 6,000,000 to 5000, COO
bushels daily, and the price rose ]
cents.
Corn declined during the week
cent; pork products cIoaed about as a
week ago.
THE COTTON MOVEMENT
has been large. r ceipts now exceed
those OF the las. crop year to date, and
exports also are about as much as
usual at this s'ason.
THE DRY GOODS MARKET
grows dull, but standard brown cot.
tons have advanced and dealers are
reckoning up far prof 8. Wooens
are in transition period; for dress
fabrics the mills are we'll occupied.
Prices for heavy goods are not yet ad-
justed to the higher cost OF IN iterial,
and strife between two rival makere
has disorganized the carpet trade.
THE VOLUME OF BUSINESS
at the West 10 large beyond precedent,
no bank clearings prove. In the East
the increase is irregular and Large
where speculation is active. At the
South there is still shrinkage in vol.
ume with lees satisfactory collections,
except where new m anufactures give
new life. The Pennsylvania railroad
reports a decrease in net earnings oi
$S9,560 for November, the attempted
advance in East bound rates is moi
enforced, and the Alton end Rock
Island road gives notice of Withdrawal
from the Pacific Coast Association
But Of the general activity there Is
striking proof in the week g movement
of 17,2l2 loaded cars at Indisnspo is
The Treasury has put out nearly 8
million gold, a million legal tenders
and over two aud half million silver
certificates during the week.
Money is plentiful, but payments in
silver at the New York Custom house
were 8 aud are now 10 per cent. of the
total.
The business failures throughout
The country during the last seven days
number for the U iited States 231, and
for Osnada 81, or total OF 26S, as
compared with II total of 2Sj last week
and 274 tho week previous.