The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1886-09-11
THE CONDITION OF TRADE
BUSISESS SATISFACTORY WITH
THE MANUFACTURERS,
But Not Coming Up to Expectations
in Mercantile Circles-The
Labor Outlook.
ESPECIAL TO THE APPEAL.

PHILADELPHIA, September 10.-The
weeks business has been large and
satisfactory in manufacturing circles,
but not in commercial circles. Iron
and steel makers have booked large
orders for rails, ST el blooms, pig iron,
bridge and bar lion. Railroad and
bridge builders &ill want 10000 tons
of material. List week $4,000
tons Of rails were ordered. All iron
and steel mills are oversold. Prices
point upward. Annual capacity,
100000 net tons. NiEeteen new
blast furnaces ara going up and
thirteen new rolling mills and steel
works.
The manufacturers of dress goods,
If co tor, wool and silk and of carpets,
hosiery and all kinds of print goods
have booked an unusually large num-
Der OF oidere. Jobbers say they were
never buster. Manufacturers are
crowding capacity. Wool Gales last
week in B stop, New YorS and Pnis-
delphia were nearly 100000 pounds.
Buyers ara stocking up rapidly. Goods
will not advance much this fall or
winter.
The boot and shoe maouisclurero
have about all the business for tne
next four months they can conven-
iently take care Of Factories here and
all through New England turned on
full time this week. Telegraphic Or
ders are frequent. Ladies' and chill
dTen's shoes are exceptionally active.
Ladies' cloaks and suits will be ex-
ceptiolally handsome this fall and
winter. three thousand hands are
working over time to get up stocks to
fill orders in time.
Hou'e builders are crowded with
contracts in nearly all the larger cities.
Bulldog labor is scarce. The urgent
demand for dimension stuff has
crowded prices up in Chicago, and
Ehtern buyers have begun to stock up
with white end yellow pine. The
lumber outlook is very encouraging,
and if building activity does not fail
off prices must improve.
Business men generally anticipate
quite rushing business in all staple
articles. Manufacturing capacity ia
b eing increased in nearly every branch
of industrial activity. Next year dou-
BILE the amount OF bridge building
will be done, and as for house build.
ing, we have it on the authority OF the
be,t posted architects, builders and
investors in Boston, New York, Phil
adelphia and Chicago that the coming
year will be one of exceptional activ-
ity. The secret OF the strength OF the
general situation is that production
Is once more behind consumption,
that capital is more abundant than
the opportunities for it's investment
that the rate of interest must there
fore decline.
The labor question is practically set
tied. The Chicago courts will likely
conclude not to hang the Chicago an
archists. Cooperative enterprises are
spIinging up in many States. State
assemblies OF the knights of Labor are
being organized. The order is grow
ing rapidly and arbitration methods
are gaining in acceptance. There will
be comparatively few strikes this win
ter, but a general movement for short
or hours is probable next spring, I'M
less the leaders of the Knights can in
the meantime be induced to take
stand against it.
Our latest telegraphic advices all
point to an improving demand and to
better days for labor and capital. No
reaction is probable. Our enormous
manufacturing capacity will continue
to run full time.