The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1886-12-17
TIKI STATE or TRADE.
$40, 100000 TO BE PLACED IN IN
DUSTRIAL OPERATIONS
In the South-Ihe Demand for Iron
and SteeI-The Coal Output
Merchandise.
ESPECIAL TO TIE APPxAL.l


PHILADELPHIA, PA December l6-
Despite the holiday approach, bust.
ness is crowdiDg every branch OF trade
and industry, with few insi9n fl cSnt
exceptions. Forty million dollars will
be placed in industrial ard railroad
operations in the eouth during the
first quarter If next year. Twelve
million dollars will be expended in
New York, Pennsylvania and Ohio
iron and steel mills and furnaces next
year. Investments for industrial, rail-
road end general building purposes
will 60 far ahead OF last year. Manu-.
factursrs in all directions will enlarge
capacity.
The iron and steel max ers hava or
ders now on hand for 100000 tons OF
material and will increase it 100000
tons within month. Railroad con.
struction has reached 1000 miles this
week, and 5000 tous eide tracks and
repairs. Rails have advanced to $3.50
Business Is booming. Pig iron pro-
duction, 1900 tons weekly. Prices
are up 81.
COdl.- anthracite coal output, 81
C00,0C0 tons; bituminous, 70,000,000
tons. Prices are firm and cars scarce.
Capacity to produce 100000 tons OF
coal per year has been opened within
81 ( months. Combinations to control
the production and prices are contem-
plated both E2st and West.
Lumber.-Firm prices through the
winter are thr atened because Of
heavy production Of white pine.
Spruce and hemlock, yellow pine, and
ali the hard woods will hold their
own. Hard wood combinations ere
to be formed in New York and Chi
csgo The Eastern and Western nail.
makers are to meet in January to re-
strict production, and still new facto
ries are gnirg up.
Boots, Shoes, Leather and Hides. -
Arbitrary LABOR dc,ston is assigned
as the reason for threatening 10 shut
down several New England factories
Lsst weeks shoe shipments we're very
heavy aud retailers all over the Wes
and South sIe getting good prices.
Ladies Ctoaks and Suits and Men'i
Clothing Never has the trade seen
sucl a demand. Factories are slack
now, but will rush fu time after jan
uary I'd. Fewer goods are going into
stock. The Eastern houses report 6
heavy winter blu mess in SIGHT. The
textile mills all over the country are
busy, and more looms and knitting
machines are under contrsct than
ever.
The Building Trades New York't
bill for new houses in 1885 is $50, 900, :
600, and Philadelphia $22,000,000
Work will be crowded on new work all
winter all through the New Eogiau
and Middle States. Material will con
tinue cheap. Mkt year will go ahf ad
of this year, especially in public build
ines and warehouses and bridge WORK
HoI-Wool may possibly recede 9
little during the winter, especially in
the finer qualities, but the probabili.
ties point to a further stringency lstel
on because Of unc romjsiDg supplies in
foreign countries.
Money The increasing oppoituni
ties for invesm emit of capital point to
an improvement IN rates Of interest
on blth time and call loans. There
will be much less idle money mex
year han This.
Labor. The attitude If the recent
National Trades Union Convention
points to more conserva 'ism in both
wings of the iabor army. cooperative
enterprises ara at rachDg much aiten
ton among the Knights We neeC
not fear an epidemic OF strikes in 1887
although there will be considerab,
| unreal