The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1886-05-22
WEEKLY TRADE REVIEW.
MARKED IMPROVEMENT IN THE
BUSINESS SITUATION, -
Due TO the Settlement Of the Labor
TrOuble-MOney and General
Markets.

New YORK, May 2l.-Special tele-
grams to Bfddstreefs indicate that q.
sens be improvement has taken pl CO
in general trade at a number Of the
smaller interior distributing eente q
as compared with last week. This is
mainly due TO a material improve,
ment in the labor situation, TO fayqfs
ing staple crop reports Northwestand
South, and 10 brighter. weather.
Evansville, Ind, Peoria, indianapolis,
Omaha, Du'uth, New OrleanSraI1a
San Frauc cisco are more promsrent
a ncng those announcing ore active
demand. at Chicago g neral trade is
of moderate proportions, not
being equal 10 expectations. At
st. Louis the movement OF
merchandise is reported steadier
but there is no special change within
the week. Cincinnati is the most
conspicuous example Of those report
ing an improved trade, in part owing
to the practical cessation OF strikes at
that point. The cts for good
Sugar and lice crops in Louisiana
stimulate inquiry and sales at New
Orleans, but at Kansss City, in spite
of an improved wheat and corn out
look in tributary regions, the volume
OF business is less than last week.
The New York stock market early
in the week was dull Later there
was more activity and sn advancing
tendency, due to manipulation. Gov
ernment bonds are quiet, with trac
tional changes Investment securities
are in good demand and firm. For
eign exchange is very dull but firm.
Money was in good supply on call at
from il to % per cent. There is some
improvement in the demand for the
funds at interior money centers
Money is tight and ra es tend upward
at Kansas City. Country demand for
loans has advanced the bank rate of
discount. The request for funds at
Pittsburg has increased, hut the tup-
ply is plentiful, and at Louisville
there is a noticeable demand for New
York exchange.
There are probably not over $4,000
employes on strike now agaiust l2N,- =
900 ten days ago at twenty-thre4 in
dustrial centres north of the Ohio,
east of and including st. Louis. The
loss of wages through strikes sine >
May Isl has aggregated $4,000, 600; oil
receipts by employers $4,000 and
of future contracts due to proc liability
of labor troubles 50, ,S00,00n, of which
500, AGO, 900 alone refers to deferred
or canoe ed building contracts
Wheat stiffened temporari y after
the late depression in prices, in pur.
chases to cover short sales, the heavy
decrease in the visible supply and
large sales for export.
The temper of the lar1e Northwest
ern grain market has apparently b
come more bullish. No 3 red closed
at SIC, against 9Sc week ago. Othel
grsins are dull. Crop news is very
| favorable. Fl ur is firm.
Pressure to sell sugar in Europe ha'
caused lower prices. Raw is OIL q
and refined 1-l6c at New Orleans.
Increased consumptive demand To-
coffee has temporarily advanced quo
tations. A restricted demand de
presses other grocery staples.
The movement of dry goods iron
leading distributing centers has i'm
proved SO far as jobbers are concerned
Prices of some makes of sheetings q
the East have been advanced. Prin
cloth1, however, are l6 lower. Woo
at the East continues low in price an
dull.
The outlook for the growing cotto
plant is less favorable owing to coo
weather in Mississippi and Louisiana
and lack OF ain in Texas and ArKan
sas.
Petroleum closes at 673c, agains
72lc last week, on new well produ'
tions.
Tobacco at all Western markets is |
good demand for desirable grades
Planting news favorable as reg 'rd
soil Weather and abundance of d ant