The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1886-11-16
THE BUSINESS PROSPECT
INCREASING IN BRIGHTNESS AND
VERY ENCOURAGING.
New Railroads Under Constr uctiOn-
Good News From the Iron, Coal,
Textile and Other Industries.
EErRoIAL TO TEE lPPEAL.l


PHILADELPHIA, Pa, November 10 -
Within the last six days regular build
ing schemes If a somewhat gigantic
character have been unearthed, VIII CHI
if andertGk n by capital will create a
demand for iron and steel railway
building matfrisl and lumber, and
will very likely sart prices ON the up
grade during The spring aad winter.
Schemes involving the construction OF
no less than 1000 or S0l miles OF new
road have during that time been
spoken of. The new lines will be con-
sIructed between Atlantic por aud
between Chic 90 and 81. Louis, and
between Chicago aud Omaha. In ad-
dition TO these large prof scts there are
number OF smaller enterprises in
volyipg the construction in the sggra-
gate OF large amount OF mileage in
the Middle and few of The Eastern
and Southern States. The effect of
these announcements will be 10 sim
ulste the placing of contracts for early
delivery on the part OF large con-
sumers of iron and steel. Wilhin
few days contracts have been placed
for 50,000 tons OF st. ell rails. for bs.
tween 1000 and 1000 tons OF bridge
iron, and negotiations have been pend
ing this week for large supplies of for
eign msteria, including machinery
and metals.
The Industrial condition generally
Throughout the country is improving
day by day. Smaller manufacturing
interests are taking the hint, and ars
incret sing their productions, with a
view of accumulaung as heavy stocks
as they feel it safe to carry. Another
upmistakable evidence of this ten
dency is to be found in the fact that
liberal loans are now in process oil ne
gotiation between large Eastern finan-
eisl concerns and Western borrowers. |
The demand for machinery, especial
~ for mills, factories and mines, has |
assumed larger promotions during the |
last few days, and Eastern and South
western mining interests ara in the
market for large supply OF addition
al machinery to further mining opera
tons in some of the new fields.
The anthrax to cool trade remains |
very strong ard Gctive, and cars ere
scarce, both on Eastern and Western |
account The combination met this |
week in New York and decided not to |
advance prices. A bituminous COM
bination YVES formed in Baltimore this |
week with view 10 advance prices
on the contract, to be- made next year. |
Heretofore the competition between
five and six competing coal fields have |
depressed prices.
The latest sdvices from the textile |
and manufacturing Establishments of |
the New England indicate fresh in
fox of orders for late winter and early
spring, for oolen and worsted goods,
for hosiery, and all kinds OF dress
goods. The textile manufacturers
predict remarkably busy winter in
all branches. To all APPEARANCES wool
has reached its highest point, and a
reaction is probable. This fact will
stimula activity and strengthen coz
fdence. Notwithstanding the business
activity we have had TIE volume
would have been larger during the
past two weeks. but fer the apprehen-
sion that prices were advan cling too
rapidly.
During the pa week the influx of
OAOClb Az UOObo anu blOcb udb De6u Ill |
excess Of the average of the previous
weeks, and shops ara running full
handed.
Nearly all our manufacturing estab.
lishments are increasing and improv-
ing their motive power by the pur-
chase of engines and machinery of en-
larged capacity.
The trs de combinations and combi-
nations of employers of labor are being
quietly effected without attracting
much notice. A window glass synd-
cafe has been formed to advance, or at
lest to control, prces. The manu-
facturers Of builders material have
also combined in several lines. The
building trsde prospects, for the COM
ing six months point to a large and
more general employment of labor
than last winter. Controllers of CAPT.
tai are already nego iating for large
investments in houte and mandatory
building next year.
The combinations of EMPLOYERS
against organized labor will assume
very extensive proportions during the
coming winter.