The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1886-06-12
WEEKLY TRADE RE- INV.
THE GENERAL SITUATE IR-
REGULAR, WITH A TEN IENCY
Toward a Continued MOderat Move.
ment-ImprOVement in IN In
dustrial Outlook.

NEw York, June 1.-THE general
trade situation as telegriphe Brad
streets has been Irregular, with the
| tendency toward q continued mod
crate movement. This is due in q
large part to the spring trade being
over, TO the farmers being busv in the
fields, and 10 the fact that the autumn
trade has not yet begun. BIZ mess at
Duluth and Minneapolis has il proved
on favorable crop outlook, o. d q fair
demand as we'll as at Chicago nd Gin
! cinna.i, where the total vol me OF
spring trade Transactions is sported
10 compare favorably with 1SS Gen.
erAl trade at st. Louis has d clintd,
as at Pit:sbutg ana C,yelaAd,
though the aggregate is bel we'd as
large as in the elTier month OF last
year. The late r aims in the loy ar Mis-
siss ppi Valley and southwest hereof
were needed, AID business D : been
stimulated by tlem. Thedsnlld for
funds il conspicuous in propo ton TO
the money of, ring at Dalut Min
neapolis, Omi aha, st. Joseph ind st.
Louis Mercantile collections a e s ow.
The New York stock mark. is If
regular. Manipulation a'one az pre-
vented any decided break, lut the
continued pas eager rate WEI in The
Northwest is heavy Lead ~ carry.
Government bonds ere STEADY and in
vsstments firm. In speculstiye bonds
there was a decided advance ~ Nickel
Plate lists, based on al allegt settle.
ment with the Lake Shore company.
Money on call is easy st ! !92l per
cent. Commercial pap-r 10 p rtup-
ply, and io'eigl exchan a lit"e
easier on the reduction o, the Bank o.
England rate.
Special kilograms to BrddstrtdS, fr m
Minneapolis, contradict the extreme
statements Of damage TO the wheat
crop N the Northwest, made public
on the Exchange yesterday. The at
titude OF wheat exporters, with con.
tinued favoriDg prospects for the new
crop, backed by large stocks aud fair
receipts, has pushed prices down 4c
as compared will the close a week !
ago. The situation is rather better
than worse than az the date OF the |
government wheat report, late y made |
public.
There are no noteworthy changes |
in the iIon or steel market. The |
former rests dull at this season of the |
year.
The general industrial situation has
though there are still con-
siderable number of employees on
stike at various manufacturing csn-
ters. OF the 100000 who received
concessions az to shorter hours with
full pay one month ago, Bradstreet's
reports show that less than lac, 900 re-
tain those advantages, one.hslf of
whom are at Chicago, and One-sixth
each at Cincinnati and New York.
The pressure Of competition OF ten
hour workers is breaking dowI most
of what is left OF the movement.
Dry goods are dull, but holders look
TO higher prices and good trade later
ia the season. Wool is firm, but man
ufscturers are buying spsringly. Next
weeks London colonial Gales are OF
first interest to the trade as a guage to
prices.
The cotton crop is progressing
finely in Louisiana, Mississippi and
Texas. Heavy rains in the CaTolinas
and Georgia foreshadow trouble from
grass.
BuIley leaf tobacco is strong at
on the face OF heavy re-
csipts, while Tugs are fractionslly
higher. The weather favor5 planting.
Heavier sugar supplies, and better
beet crop prospt cts rather depress
sugar prices.
Coffee is lower on small demand,
heavy stocks at ports and easier rates
Of exchange.