The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1886-07-14
The GENERAL TRADE
AND INDUSTRIAL PROSPECTS
FOR NEXT SIX MONTHS
Are Most Encouraging TO Manuiac'
turers, Money Lenders, Builders,
and Real Estate Operators.
ESPECIAL TO THE APPEAL.l

PHILADELPHIA, PA, July l3.-The
anthracite coal rAde is once more
leopard zsd by Internal dis -nslons'
The companies are struggling for the
control OF the trade, aud are invadln!
the markets of others. Piicss are be-
ing cut, but even under this severe
competition, large consumers, East
and West, decline 10 maze ieavy puy-
chases,and are wat ting to see collapse
of this gigantic combination which has
controlled prices for fifteen years or
more. The heavy production OF
bituminous coal is increasing in the
East, and producers expect heavier
consumption of soft coal This year
than ever before.
The iron uade st this time is ex-
tremely quiet. A partial resumpt on
takes pace tbs week and a general
resump ion next. The wrought iron
pipe AID tube manufacturers all over
tie CouLtty rave more orders than
they can execute in the next ninety
dayS. The Steel Iail M kers ara full
OF business for four mouths. Eastern
nail makers are receiving increasing
orders for building requirements. The
pig iron makers report a moderate de-
maud everywhere, but firm plices,and
the sheet and plate iroa makers are
waiting for The promised supply oil
orders during the latter pant OF July.
The lumber interests in the North
west ana Northeast are preparing fo1
heavy shipments Of lumber to fill or
ders coming in from builders of houses
ships and OF railroads. The supply Of
spruce is heavy. The shipments o.
white pine are Increasing. The sup
ply of yellow pine is up to the fulles
market rs quiz emsn ts, while hardware
is rather tc4rcs bacauge of the heavy
demand for it.
The latest advices from New Eng
land textile manufacturers and iron
leading manufac,urersin Philadelphia
are to the feet that the fall trade viii
open at an early day, and that the dis
tribu,ion OF all kinds of textile pro
ducts will be at least 20 per cent. il
excess of last fall's distribution. Th
clothing manufacturers are crowdin,
their capac ty, turning out in genera
better quality of goods for the sam
money. The hosiery manufacturer
are running even now full time, ant
turning out larger supply OF Tin,
hosiery than ever before. The sill
man IL fac urers are successfully meet
ing foreign competition on severa
lines OF goods, and there is prediC
ton that they will in five years con
troll the American silk market, pre-
dction which some will doubt.
The general trade and industris
prospects fer the next SIX months ar
encouraging to manufacturers, none
lenders, real estate operators, builders
and manufacturers and business me
of all kinds. The strong 81 feature i
the situation today is the iDcreasin
supply of money st low rates OF intel
est. 1t is predicted that commerci'
failures will decline in number, an
that an increasing amount of businei
will be done on practically cash b
sis. Manufacturers thro ughout th
New England and Middle STATES al
greatly enco ragged, and are preparir
to produce to nearly full mill capacit'
confident that the fall demand wi
open about August 1st or 18th, whic
will absorb all they will produce.
Wool is high in prices ant sellir
freely in all Ia tern msTkete. Yves
ern supplies are coming rapidly 10
ward. Manufacturers are unwilling
delay the placing of heavy contrac
unless further advance takes plac
The carpet factories throughout tt
country are pretty well 10 AIDED up vii
orders, and the cloth rolls will VOL
full time from August 18th.
A large amount OF money is seekir
employment in Western financisl ar
business centers, where good rates
interest are being offered, which is Il
secret GAUGE for the stimulus given
industrial activity throughout Il
West.
The volume of building which h
been undertaken or completed tt
wear, 30 far, 10 all the large cities, is
excess OF last years operations
New York it is so per cent; in Phi
delphia % per cent; while in a null
tude OF smaller ciiss, ranging in pc
ulation from 10000 to 100000. there
general activity which is stimulsti
the depending manu- 'aeturing int
ests, and imparting vitality to trade
general.
Labor is In demand in nearly all t
industries. Common labor is wor
Seom 81 90 to $3.50 per day, skill
from 5000 to $40 p'r day. Agia'i
for higher wages aud shorter hou
have mostly ceased, and there is
feeling Of conf fence am ing maDut
turers that no further iuterrupti
need be anticipated for at least six
,oipn m On tl1o