The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1886-04-07
NJ EMPHIS APPEAL.
WEONRsDAY, .APRIL Z, 1856.
ausINEsS NOTES.

BUSINESS NOTES.
less Satisfactory condition OF BUSH
mess affairs last week than on the week
before is repo ted by Bradsireet', and
"a bu, q natural consequence oil the
strikes and the floods. The Eastern
cities report only moderate business
doing in the West only immediate
wants are seeking supply. The bad
state a the roads is another obstacle
to activity. and collections from the
interior are slew. The Chronicle re-
poru no material change in the money
market. Rates for money in New
York ran from u TO with little done
at extremes, about per cent. being
the average rate. Deposits decreased
aboa, $ll, 100000 and cash 81 4lS,SOO,
bringing the surplus revenues down TO
Sl2 7o7 100, mostly held by four banks,
the others being at or near the 20 per
cent limit, yet the prospect is oil an
easier market il gold shipments are
not renewed. This prospect lie due to
a check in the outflow of currency to
the West and the large April Treasury
disbursements. Both home and Tor
eirn politics are causing monetary
embarrassment in London; the Irish
agitation and possible troubles in the
Balkans arouse approximations. The
continued trade depression ] a EnglAnd
ia affecting our own cotton and other
trade. Bureau satisfies show that in
February the merchandise movement
resulted in a balance against this
country Of s4,7l9,OOO, the only in
stance since 1879 where the balance
has oeen adverse; it was then S2,22O,'
600 against us. The February
balance this year may fore
shadow the coalition OF subsequent
months, go that ii might be necessary
for more gold to 20 ont in April and
NAV. The LIST OF April Treasury
statements are the mes. satisfactory
we nave had the net gold on hand has
increased about 100000 aud has
resc led $751; 800, 900, against $780,
600 on the lst OF February. The dis
solution Of the Northwestern pool has
deraDgea railroad rates in that direc-
ton; heavy "cuts" have occurred that
may bring the disturbance to termi-
nation. Excets OF railroads has en-.
tailed increased competition. The In
dicotor states that the falling of in
depoeifs at the New York banks dur
ing the last three weeks has been over
S26 ,500, 600, and they are now smaller
than since June 18th last, but SIS, 900,
900 more than at this date in 1886
337, 900, 900 more than In 1884 anC
about sol 100000 more than in 1888
The banks are exercising extreme
care, and have a good excess over the
legal surplus, but are still cautious to
avoid getting low in funds, and have
made a proportionate contraction II
loans, the decrease being about $40,
100000 during the past two weeks
Deposits are still $2l 100000 in excess
Of loans. The surplus is now abou
1900, 900, sgains, nearly 500 900, 0O
last August, but that large surplu
was Q result Of depressed trade, an,
the reduction is sign Of Increases
activity. CHANGING over the week
statement, there is good group
for increased confidence. When th
labor troubles subside-and they sr
doing so-and the foods cease, en-
the bad roads improve, We may eS
pect = flrmer foundation for bushes
operations. The principal check upo
these more cheering views is the larR
proportion occupied by speculatiy
movements. The fact, however, thu
the spectators and there are n
Shrewder business men-see substa'
tial encouragement for operations
in itself ground Of anticipation thI
solid business Is about to occur
6rmsr ground, with sufficient activlI
to make speculation successful.