The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1886-09-04
THE CONDITION OF TRADE
FAIRLY ACTIVE GENERAL BUSI.
NESS REPORTED.
The Wholesale Trade Increasing at
Several Cities, Memphis Among
the Number.

NEw YoRx, September 3.-Sp ca!
teltgrdms to BradStuel's this week con-
tnue to record fairly sctive general
trade. Io Philadelphia, Pi,tsburg,
Memphi', St. Louis and Milwsukee
the total volume of wholesale trade is
increasing. There has also besn n some
gain 10 Cincnnsti and Clevelar d. The
bu'ioees outlook is encouraging and
merchandise is moving freely at Chi
caRo and Kansas City. At New York
and Boston there is full and ste dy
distribution Of staples. Mercantile
collections a. h 'cigo and few other
cities ara less prompt, which is due
largely 10 the crops not having been
generally marketed. The aggregate
OF commercial transactions, Sd far as
may be fairly jud. ed, is quite tqual
to totals in previous week., although
the bank clenings at thirty ciriss FIR
this week amount to but $753, ,95S. .404.
as compsred with $500. .9S5 002 last
week.
In view OF the steady growth in the
volsue of commercial and industrial
transactions, several sharp declines of
late bave appal emily been due largely
to the falling away in speculative sc.
tivity, eli fl in the New York stock
market. Tne continued stringenCy in
the money market and news tending
to create a feeling of unc rtainty re-
g4rding the railroad situation, caused
a marked dullnts5 and inac,ivny in
the stock market. Transactions for
the week were $4,000 shares against
$4,000 shsras last week. Bonds of
all classes were dull and the lowest
ment demand had fallen off. Sales
for the week were 81, ,s00, 200 par value,
agsipst S., 1913, 100 last week. Money
Is firm on cali at from to per ceut.,
and time money is in demand at
about 6 per cent. Commercial paper
is hard to place and 70 eign exchange
sieaiy, with continental bills close
the gold importing point.
The Eas eJn wool markets are frmer
and the tendency Of prices is toward
an advance on the improved den aad
from manu- acturtrs. Considerable
wool is moving.
Both diy goods ] ,bbtrs and ag n
report an DC i've tr de, and come lines
OF bepched cottcns a'e repor ed to
have been fiacti ma ly advanced.
The boot and shoe makers are also
shipping heavi y.
The la stesdiuess of demand for
iron and s.eel ntinues. A few sales
of Eastern pig have bsen made at
SIS 60@l9, a gain of so cents, but
these were of small lots. Fir shed
iron makers ira Ell Toying q better
trade, and prices ere actually little
higher. Steel IA orders for 1887 de-
livery are in the m ,rket.
Wheat tends temporarily lower, On
weaker cables and improving reports
from the Northwestern crop. Iudian
corn, too, is lower since tbs late frost
WIS found to have done no damage.
Louisville reports the Western to-
bscco crop promiting we'll as to guan-
tity. Stocks sre increasing, but the
market t1ers is fairly sus aimed.
The l. lui, lana sugar crop promises
an average yiel !, but lice there is in
heavy supply and lower.
Aueu-t corn fepors state the
wea her Conditions have favored the
Ess EN- bet, but that dama9e hes
BEEN done ia Texas aud Arkansas,
notably the former The more favor
able reports come from North Caro-
lima and Tennessee The outlook for
the crop is OF so favorable as in Au-
gust last year.
There were 173 failures in the
United States this week, sgaiust $50
last week and 169 in 1885. Canada
bad twenty-seven, against twenty-six
last week and seventeen in 1885.