The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1886-07-20
WEEKLY TRADE REVIEW.
AN INCREASED VOLUME OF BUS
MESS TRANSACTIONS.
A Building Boom Throughout the
Countrywide Textile Manufac-
turers-The Iron Interests.
ESPECIAL TO THE APPEAL.l


PHILADELPHIA, Pa, July l9.-The
best posted building journals through
out the country show a stsady increase
in the number of perm Is. Fiuan-
cial journals show increased vol
ume OF business transactions ss
compared TO last year. Tlade
journals show that as compared to last
year the volume OF business is larger,
particularly in iron, steel, coal lumber,
textiles and most kinds Of hardware.
All building material continues in
active demand and here and there an
actual scarcity has interfered with the
rapid prosecution OF building enter
Or ees. Demand for all kinds Of ma
terial, will 1t is believed, increase
steaoily from this out. la tex tile
goods, boo s and shots, cloths, ca pets,
dry goods and other similar branches,
mucn addit onal labor will be set to
work August LIST.
The steel raj m 2kers have rot had
better prospt cts for years, Prices are
now as high as they dare so to pre-.
vent importation. Quotations ale $S4
to $50. The mills have a capacity for
1876 tons per month, New mills
are talked OF. The steel rail mills have
increased their allotment to 100000
tons. A vast amount OF railroad
building will be prose cuted next
sprirg, provided nothing happens now
or then 10 brighten capital,
A great deal Of new capacity will be
added this fall and winter by textile
manufacturers engaged in the ploduc-
ton Of hosiery, cloths Of all kinds,
wooden aud cotton, cMpetipgs and
silks. The foundation has been laid
for great expansion Of this profitable
industry, ana the returns, although
not up 10 calculations, are snflic eni TO
encourage good deal OF new capita
into that channel. There is great tn
terprise manifested in Philade phia,
Paterson, N. j., and several textile
centers in Massachusetts,, Connecticut
and Rhode Leland.
Jewelry manufacturers rapport a
sharp increase in demand, particularly
for watches, and in addition 10 the two
large establishments recently added
others are projected in Eastern and
Western Sta,e', which It is expected
will increase the producing capacity at
least 20 per cent.
So far this year there have been
fifty.seven failures against six y-six
last year.
There is strong under current in
the provision and manufacturing cir.
cles in favor OF higher prices. Socks
are low among consumers everywhere,
and manufacturers have been very
careful to guard production within
market requirements, and hence there
is no over supply anywhere, a fact
which is indicated by the incoming of
inquiries for all kinds OF ma erials,
from locomotives, cars aud eel rails
down to dress goods and builders
hardware and material of all kinds.
Railroad building has begun in earn
est throughout the West, and 1t is esti-
mated that between 1000 and 5000
miles will be completed before Christ
mas. The anthracite coal trade is dull,
but general improvements expected
by August LIST,
In railroad circles friendly relations
are in general maintained, although
threats are occasionally heard and VIC
lations OF compacts are discovered.