The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1888-09-29
THE STATE OF TRADE.
REGULAR WEEKLY REVIEW OF R. G.
DUN 81 co.
This Years Agricultural Products VIII
Represent at Least sloo, 600, 900 More
Money than Last Year's-The Outlook
Encouraging Everywhere.

New YoRK, Sept 2S.--R. G. Dun & Co.
say: Doubt about the corn crop has van
ished. Estimates vary either way from
2,0l5,000, 900 bushels, but it is doubtless
the largest crop ever raised. The increase
OF more than 800, 100000 bushels in this
crop far outweighs in value any loss in the
yield OF wheat, and also any possible loss
in the yield Of cotton. But the yield OF
oats is also the largest on record, and the
yield OF hay and potatoes excellent. 1t is
safe to say that this years agricultural
products will represent at least 500, 000,0O
more money than last years, at average
prices for both. Trade has been checked
by artificial prices. A corner in wheat put
the price for September to SIPS at Chi
cago Thursday, the rise here being cents
for the week. seaboard prices have for
some time been relatively too high for for
eign markets.
The demand for cotton goods is slow and
conservative. Print cloths have declined
3.77 cents, and the market is more moder-
ate daily. Speculation in wool has checked
the manufacturing demand, while the sup
ply is short; the pressure Of foreign goods
at low prices prevents advance in prices by
producers here.
In pork products prices have yielded
but little, and packing falls much behind
last years. Corn has fallen but | cent,
Notwithstanding the great yield. At Kan
sas City the market for cattle is over
stocked, and prices are 80 low as TO check
movement.
The boot and shoe trade il large. The
iron marke. Is stronger at Philadelphia,
but weaker at Pitisburg. Southern No.
is quoted at $3.50 here. No improve
ment appears in steel rails, OF which 49,
600 tons were sold, mainly by western
mills, their $50 being relatively lower than
the current price, sos at eastern mills.
During the past week the stock market
has been stronger, gaining nearly II per
share on the more active stocks, but the
advance has been mainly due TO the COW
ering OF short sales, and much realizing
by foreigner holders is reported.
The reports from interior points are uni
formly hopeful The cotton crop Is about
three weeks late, and forwarding is de.
laycd by the stoppagc OF traffic. At all
western points beyond the danger Of fever
business is reported good or improving.
though more complaint Of slow collections
is heard. Money is generally in ample
supply, but sirngency increases at Cleve-
land aud the demand is strong at st. Louis
and Milwaukee. Kansas City reports
loans paid with usual regularity, and
money is easy ut Omaha. The exchanges
for the latest week show a gain over last
year OF per cent outside Of New York.
August imports exceeded exports by
Sll, 67l 1852. and the excess for eight
months was $50. l9O,92s. From New York
the exports Tor the past four weeks have
been per cent. below last years, with
imports equal to thoseo Of 1887. The treas
ury continues TO supply money freely by
purchases Of bonds, taking nearly =, 000,-
900 ON Thursday, and It's disbursements
for the week have exceeded its receipts by
81, 100000. The fact that failures continue
in large numbers for the season, is not 10
be overlooked, the September reports show
ing 40 In the United States against GA
last year.
The business failures for the week are
300. For the corresponding week Of 1887,
the figures were 1875.