The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1886-10-30
BRADSTREET'S BUSINESS
REPORT FOR THE WEEK ENDING
LAST NIGHfs
A Marked Falling on 10 Clearings-
The Distribution of Dry Goods
NOtlceably Checked.

New YORK, October 29-Special
telearams to Bradstreets, while record.
ing q somewhat improved movement
in merchandise at Chicago, Burlington
and Dsvsnpcr', Ia, anu Kansas City
and New Orleans, refec,s on the
whole a continuance OF the late check
to general trade. While this appears
to be OF q seasonahle character, after
the recent period of active trading,
there is little insight at he moment to
suggest an immediate improvement,
although public confdepce in its ap-
pearance in the near future is un-
abated. From number of points
word comes that merchant collections
are made with lees ease, which is at.
tributed in part to the low prices Of
staple farm products. AT most OF the
cities reporting a better business,
cooler weather preceded it. The
practical holiday in many lines ia
New York ON Thursday cut into the
total volume OF transactions and is re-
flected in the weeks bank cleariugs,
together with about. one.third less
trading on the Stock Exchange, in
a less of about $l25O00,000 from
the total of $7oS,300,00O last week.
The total If bank clesrings at thirty
cities this week is 1894, o74 ,l20, against
81, 900, ,462,9S4 last week and 1871 ,S64,-
1876 in the like week last yesr. Boston
and Philadelphia each lost $l2, 100000
this week az compa'ed with last
weeks clearinRs, Chicsgo lost 81 400
900, st. Louis $2.7O0,0JO and Balti-
more $1,700,000, while San Fran
cisco gained $2,20O,0CO, and
New Orleans 100000. The Western
money markets & nerally continue
quiet and firm, with the current of
funds sill to The West. I he demand for
fuuds for general commercial and in
du trial enterprises at most large
cities continues marked. The stock
market was hesitating and somewhat
lower during the early portion of the
week, with conside rAble bear ta aud
selling short. This was followed by q
revived bull movement aud consider
abe advances in cert ain stocks. The
transactions of The New York Stock
Exchange for the week were 1,760,-
l5S shares against 2,528, ,275 shares last
week. Bonds were generally strong
aud advancing, the salas on the Stock
Exchange for the week aggregating
$9,352, 800 against 81 ,565 .S00last week.
Money is much easier, the arrival
OF large amount of GOLD from Europe
tending to give less stringent tone.
Call money was quoted at 4(96 per
cent, and time loans at about per
cent. Exchange continues weak aud
low, with prospects favorable to fur
tner gold imports. Commercial paper
is in poor supply, but rates are still
well sustained. The distribution OF
dry goods from Eastern centers has
been noticeably checked, though |
prices are strongly held. The demand |
Tor raw wool from manufacturers is |
not so large as in September,
though the decreased demand from
the Eastern knitting mills has caused |
no weakness yet, The AtreDglh re-
Gently shown in iron ands eel is fully |
Wheat has been stronger
and higher again after o reaction from
the advance made early In the week.
Speculation, foreign war iumors and
the growing opinion that other ma
tions will have yet to buy largely
from the United States are under
meath most recent advances, Rains
and frost in many sections of the cot
ton region this week have not resulted
in widespread damage. Louisville
reports the weather favorable for cur
ing the tobacco crop.