The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1886-04-17
WEEKLY TRADE REVIEW.
sOHE saPRGVENENT IN TIE IN
DUSrRIAL SITUATION.
Indications of n Good Spring Busi-
ness-Decrease Ia the Rum
Der OF Failures.
ESPECIAL TO TEE APPEAL.I

PHILADELPHIA. Pa, April 16.-The
quietly expressed wish in manufact-
uring and business circles is that jay
Gould will not stand in the way of the
revival Of business any longer, and
that he will consent 10 the settlement
of differences which will remove all
causes for labor disturbances in the
Southwest. An immense amount of
business is being held back at this
time, and jobbers and manufacturers
OF all kinds are anxious to get hold of
it. Telegraphic orders have been re-
ceived for the delay of shipment of
textile goods and manufactured pro-
ducts OF various kinds. The iron
trade in Eastern Pennsylvania is not
apparently effected by the agitation,
but orders are not coming in up to
expectation. Prices are firm through
out, as mills and furnaces are far over
so and will not feel any injurious
effects for some little time to come.
Steel rails are s36 in small lots; mer-
chant iron, 81 90; nails, 81 so: forge
iron, SIG so; foundry, S17 to SO. But
little foreign material is arriving.
The manufacturers of carpet. ho-
siery, dress goods, cloth and silks re-
port a steady and moderate demand
for all kinds of standard goods, but
the demand is not up to expected
limits owing TO the unwillingness of
retailers to order heavily at this time.
Over S2,000,000 has been invested in
silk mills within a year, and further
investments will be made this sum-
mer. Capacity is being extended in
this city for carpet making and among
the Bingham mills. The clothing
manufacturers are busy upon fall sam.
pies. Nearly all textile strikes are
over. The business OF the spring and
summer will exceed last years. Wool
is declining in price and demand, and
foreign receipts of wool aud wooden
yarn are heavy.
Commercial failures have declined
this year as against last in the ratio OF
forty to thirty-four. The number of
strikes is declining. Provisions and
cereals are declining in prices. The
industrial situation is improving. The
anthracite coal trade is still expanding
under the permanent adjustment OF
all differences. Petroleum continues
low and heavy. Export demand is
improving. The receipts of lumber
are heavy and increasing, and distri-
button. is equal to arrivals. Prices are
firm for white and yellow pine and
bemlock, and for the better grades OF
hard wood are advancing, under the
placing OF number of large orders by
dealers in all Eastern cities. The pro.
duction will be ample for all probable
requirements.
The labor situation east OF the Mis-.
sissippi is satisfactory, and but few
strikes need be apprehended unless
they grow out of Southwestern com.
plications. Building operations have
been INSTRUCTED somewhat in New
York, Philadelphia and some other
large cities, East, owing to the in
creased cost of building. At the same
time architects are generally busy, anG
repeat their previous statements that
the season will be one of exceptional
activity in spite OF the unfavorablt
conditions referred to.
The anthracite coal fields are pro
ducing to their fullest capacity. The
bitupinous coal strike is still unset
tied and no movement is made TOWARD
resumption. The production of pig
iron has incrs ased 10000 tons pei
week within twelve months, anC
prices everywhere are firm under the
heavy consumption. There are large
withheld requirements for ship, boa
and car building and general require
ments, and when these are presented
it is probable that they will harder
nrices.