The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1886-10-12
DEMOCRATIC TICKET.
TIE BUSINESS SITUATION.


improvement in trade. The Chronicle
with discriminative care reports: "In
general business there seems to be no
material char ge, either in the extent
OF the transactions or In the conditions
affecting trsde. During late weeks
many large failures and defalcations
have been announced, but it is quite
feature OF the lines how little effect
they apparently have had and how
quickly they pass from memory. This
strength Of confidence in the general
soundness and steady increase OF trade
is the best possible indication OF better
times. When reliance takes the place
OF disIust activity follows as a conse-
quence. Improvement has Brought
an increase in the number Of
transactions, and now the sure
result is beginning TO show it4elI
in satisfactory increase in prof1.
The iron trade has had a pretty
general advance; coal in the East Is
active and higher; in print cloths
special activity prevails at fuller quo
taiions and railroad returns continue
IN be very favorable, n sure proof of
increa7a In mercantile movement;
dry goods Arc doing we'll for the sea.
son. Activity in TIM stock market,
extending to the active buying Of the
minor securities, shows what the
shrewd observers in Wall street think
OF the prospects Of trade at the present
time. They are buying in the coz
fident expression OF rise growing out
OF increased trade activity; the excel
lent railroad earDinge especially act az
stimulants to their operations. These
general statements are fortified by q
continuation Of the increate OF clear
ings over the corresponding week last
year, amounting in the full total of the
cities reported on our business page
to 25 3, or leaving on. New York with
its speculative Wall street, to 2S.S FER
cent. OF thirty cities rep orting only
four present a decrease. This total
reports Of the previous week have
been exceeded only once since Janu-
AIRY opened. The Chronicle states :
IAN evidence of the widening circle Of
activity is the enlarged totals OF bank
excl anges. We have made up the
clearings for the month Of September
and they record not only larger aggre'
gates than for August, as is usual al
this season, but also a very decided
improvement over the same month in
1885, which is the more remarkab @
since in that year some | t lie progre SO
had already been ma 10 in the same
direction. The increase reachGs near
ly 500, 1000, 900, or over % per cent. "
The disbursements by the Treasury
for b nds called in has not increased
the resources Of the money market
there has been a greater demand and
rates ara higher, bankers balano ei
averaging per cent, The banks car
do little for the stock borrowers, tn,
reserves being down to the loves
point Of the year, and three of tn,
largest institutions carry nearly thu
whole Of the surplus, The Treasure
10 issuing the new 81 silver certificates
and money to exchange for them Is il
active demand the inter Tor bank
have drawn heavily for them. Tn,
South and West, also, are drawing
briskly FOR gain, cotton, and othe
products. The Bank Of England hs
steady Graughts on lis gold, and /
seeking 10 resist the drain, it is stated
by demanding 4 pence more an ounc
for gold bars than the open marke
rate. Upon this the Chronicle remar ks
ave would commend this fact as /
the price Of gold bars in London an
the came condition in Paris and Berlil
to thoss who strenuously assert ths
there is no death OF gold" England
as the APPEAL has explain ed, is rejoiG
ing because Of come signs Of improvin
business, but at present increasing i'm
ports and decreasing exports show tina
the depression still continues. Fol
e'gn exchange fell a cent poun,
during the week, with barely deman,
enough TO absorb the bills offering. J
further supply from cotton and securi
ty movements would weaken the tone
As il is sterling is low enough to per
init shipments OF gold, and a small
consignment YVES ordered on Wednes
day; there would be mere but TO
the premium the Bank OF England la
put upon gold bars, The new S
no.ee, based on silver, will soon b
everywhere, increasing the quantit
of useless dollars in the vsu ts, an
more vault room for metal warehous
ing will be wanted. II is asked VIII
not deposit silver in bars instead G
coming It into rs cent dollsrs? Their
should it become necessary to pu.
dollars worth ofsilver into dollar AN
mint convenient full value h Alf dollar
instead Of "pot-lids," the chang
could be made with little incon
venience. Respecting Tennessee mat
tsrs, the Indicator reports: The trans
fer office OF the Eat Tennessee Con
pauy opened on Saturday for th
transfer of stock. Tennessee coal an,
iron is beginning to revive from tb,
effects Of the stop order sales Of lst
week. Those who gave them will liv
10 regret their folly. East Tenue 80
securities are moving upward, ra,ticu
larry the first preferred. Chap yet.
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