The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1886-05-29
THE CONDITION OF TRADE
THE OUTLOOK MORE FAVORABLE
AT BUSINESS CENTERS.
A Moderate Gain in the Movement
Of General Merchaadise-The
Labor Situation.

New YORK, May ESPECIAL tele-
grams to Bradstreet report moderate
gain in the movement OF general mer-
chandise at Pittsburg, Cincinnati,
Milwaukee and st. Louis Thi' il
exclusive of dry GO Dis, and is most
marked at st. Louis. The favoring
features are found in the relatv We free.
dom from labor disturbances, and in
the generally bright cereal crop pros
poets. On the other hand, advices
from Chicago, Kansas City, ct. Joseph
and Nashvil Z, among those which Of
late announced an augmented volume
OF business, are of a check in the
movement OF merchandise, due in part
to the near approach of the end of
the spring season, and to sma Ter in
terror purchases, and of the arrival OF
the busy season for agriculturists.
The seaboard markets reveal no
special gain. The outlook is con'id-
cred moe favorable, but the improve
ment has not come.
Among domestic money markets
there is a good demand for funds at
Milwaukee, st. Louis, Kansas City,
Fort Worth and New Orleans, notably
from the country. At Kansas CT y
the request for funds is less than last
week. This is true at Chicago also,
where the late extra demand is said to
have been mainly for tculative pur
poses The stock market has tended
higher with a bullish spirit and in
creased speculative activity. Nearly
all speculative shares are advancing.
st. Paul, Lackawanna and Lake Shore
lead in the upward movement, stimu-
lated by manipulations. This was in
the face of s. 900 600 gold shipments,
and no material g in in railway earn
ings, decreased labor troubles, antici-
pated better business and promises of
pool harmony were freely quoted.
Government bonds are firm. In
vestment bonds and shares are
sought for. The improved
feeling extends to speculative bonds
and those of companies undergoing
reorganization. Money is easy on
call at from /! to per cent. Com
mercial paper is scarce and foreign
exchange firm,
Cotton goods have improved some
what in demand at the East, and
prices are firm At the interior there
is no gain. Prints sre steady. Wool
is stronger, but sa'es are no freer
Southwestern markets are relatively
stronger than those at the seaboard,
although quotations are 2@3c below
earlier asking prices.
Iron is dull and unchanged for best
makes. Steel is fl m. Manufactured
iron is in light demand, except in
special cases.
Petroleum is low, laboring under
heavy bear pressure. The upward
turn was due to heavy short purchases
to cover prospective new mines, and
hold prices down.
The indu trial situation is no wore
than a week ago, and the outlook ia
Yors improvement The short hour
movement is a practical failure.
The wheat outlook favors an excel.
lent crop. Bradstreet's San Francisco
advices report $4,000, 600 bushels prob
able on the Pacific coast, with 3S,000,-
900 bushels of barley. The wheat
markets are dominated by the bears
on heavy stocks, probably good crops
and light demand.
The Louisiana rice crop promises to
be full one, while the sugar crop in
that state To- ks less favorable than a
week ago
The c,tton crop in Texas is in need
OF rain. 1t has gained in the Atlantic
States since the rains stopped.
Increased beet sowing depre ssed
sugar prices, and reduced coffee crop
estimates have advanced quotations
thereof.
Tea stocks are large and prices
weaker.