The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1886-03-16
TUESDAY, +. MARCH 10, lSS'
raT RTsINgs, SITUATION.

THE HUBIN Ebs biEtAhioN'
Tue reports Of clearauces from thirty /
pripcipa. cities show a total increase
during the past week, as compared
with 1885, Of 1913 per cent. Leaving
out New York, with its Wall street
speculative transactions, aud agan we
have 1875 per cent. increase. Among |
cites in which Memphis is interested
we find the following percentages OF
increase over the same time last year:
Chicago 1873, st. Louis 1919, Cincin-
matt 1876, Louisville 1913, Kansas City
62.2, New Orleans 1871, Memphis 1873.
Ouly six cities out Of the thirty have
decline o. Clearings from last year, and
the heaviest decrease amopg them
amounted TO no more than u 0tper
cent. In these facts we have agein
proof that trade, as compared with a
year sgo, BIAS sprung forward. The
mass Of the clearinfs then showed de-
cliupz ss against the preceding yeaS
now they show near approach %
universal advances. We have, also, at
the present writing, more favorable
weather. Clouds and gloom have
disappeared the last two or three days,
and the warm sun shines from an UNI
clouded sky. This will stimulate
the retail spring business, aud, gather
ing confidence from the improved
aspects OF trade, and from the endur-
ance OF peace in Europe, dealers are
likely to take heart and Increase their
stocks. There is the misfortune OF
extensive strikes, but they are neces-
sarily but temporary distractions;
agreements OF come kind are always
come TO. The obstruction the strikes
offer 70 commerce, and the consequent
decrease in stocks in various depart
ments, together with expected higher
prices sc labor wages are increased,
will probably increase the appetite to
buy, and better prices will follow.
The country, amid all the depression
il has endured, owes no smeliorating
influences to Congress, which appears
to be learning the Indian creed, that
business and its concerns are below
the attention Of high minds and
grand ambitions. The cheapnses OF
money everywhere is exciting Aten-
ton, Congress appears 70 think ha'
the country will 7 die OF iHRn-
ition unless it supply money, Aor
what passes 81 money, in sone
form o, CHER. There is no such
want a Ihoney-except in hepockess
etsfhe toiling multitude. Both IN
New York and in the European CAPT
tails money is OVERLOOKING. As there
WAS so-called overproduCtion oil
merchandise some time ago, so there
isan oversupply OF capital to-day, and
the means Of investment are eagerly
sought, while rates are little above
par, and the current rate OF interest in
New York and the larger bust
ness centers is believed to have
permanently eettled at PEI
cent. There are woes and lament
ings over the delightful old 10 PEI
cent. times, but they are gone, and
capitalists regard a shabby per cent
as miserable substitute. This is al
because there is so much money, ye
the wiseacres at Washington are Ia
agonies Of dread lest the commerce o
the country should perish unless Con
gress, like fussy nurse ovet a quie
baby, supply it with PAPER a4d silver
TO save II from famine. In the wage
struggle labor appears to Zoe get
ting the better OF capital, snd
that special pleader Tor capital, the
New York Indicator neatly "threw NJ
the sponge" on Saturday. saying
ave do no. anticipate definite set
Element at this time, Capital hal
been subjected to too heavy strair
during the last three years for any
thing but a compromise" In on
own city clsarings make air SHOW
As against those Of last year, but tn,
low price Of cotton and the probabilit!
OF having heavy stock 10 carry owe
atthe end Of the season, are not favor
sbleto financial prosperity. Still ther,
is vigorous upward impulse in tn,
Memphis population that meets de
pressed prices with vigorous resolution
aud goss straight on,
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