The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1888-04-14
DUJLNEss IN TRADE.
Weekly Report From tho Centers of
Business.


NEW YoRK, April 1911 dizziness in trade
were always bad sign the present outlook
could not be called hopeful. At only one
or two interior points is the actual business
transacted satisfactory in volume, Nearly
all report comparative inactivity in the
present, with hopeful anticipotions, though
at several points considerable slockcning
Of trade Is now noticed Money has become
tight at some western and southern points,
the complaints Of poor collections being
much more frequent The clearing house
returns for tho ist week OF April, which
included large deferred payments as well as
quarterly settlements showed u gain of \
per cent. over last year, outside OF New
York, but current transactions do not in.
crease to that extent, Il ut all. The inactiy-
ity has caused yielding In general prices
notwithstanding slight advance In some
speculative markets.
The government report showing injury to
wheat was the occasion Of u sharp advance
In brcadstuils, and wheat W still , cents
higher, though Il has lost part ol the gain,
aud corn gains also, butCA closed No higher
than n week ago. A Chicago Corner In
pork blod some short sellers, but prices
quickly reacted. Cotton Is shade stronger
Tor, though the crop already in sight cN-
cccds the entire crop OF last year and the
ialsity of short crop estimates are proved,
receipts are now falling OF OH has risen
3Isc Sugar has nlso gained a fraction, but
| coffee is uncertain aud by some shaved To
secure trade, and teas are slow and hcsitnt-
irg Butter ~ weak aud beef docs not i'm
prove.
In the dry goods trade there Is only q
moderate business, with some cutting To
secure transactions
Print cloths have declined 10 ~ cents,
| aud the tone seems weaker Tor cotton goods
generally, except for the most favored
makes.
In woolcns no change appear and the
weakening wool market distinctly reflects
the disposition II Manufacturers 10 coniinc
purchases b. present needs. A large sale Of
| ohio Xxx NJ ~ ccnis j. reported.
The boot aud shoe trade continues more
active aud cheerful than most others, and
the demand II gnod, but prizes realized are
slightly lower. Leather h quiet, with iaiI
| volume ol trade.
The report of iron furnaces IN blast April
indicates "a slight INCREASE stncr March !
The demand " so Gar satisfactory, but the 81
| fufing Of southern iron nj 40 10 $50 Tor ~,
and go 10 $3.50 for No. 2 shlltlisiurhs ill
trade; sales Of 20,OOJ tons stre rails ai ill
east aud 1000 NJ the west aro reported q
unchanged prices, but bar irnn ~ low and u
regular on account ~ western offerings win
rods and wrought Iron pipe nr inwcr Hn'
mills are slow. the Western asroclntlon hnv
ing virtually reduced rates for all below 20l
The stock market, after some rise and rcac
ton, stands precisely whore u did a week
ago. Large purchases NJ bonds arc constant
~ comlngoui, aud There are signs that Tor.
eign buying exceeds selling Of stocks. The
| treasury has decidedly helped the money
market the past week, paying ont 2W0,opl
moro than il has taken w aud foreign e..
change Z. unalicrd. hut the exports foT
last month evidently were much behind last
| years, tile los being ~ per cent. at New
York, while imports at New York were but
| per cent. lower last month ihan for the
same month last year aud lot the iirt week
~ April show heavy increase.
The business failures during the last seven
days number, Tor the United States 9p and
| for CnRnda - ar total of ~, o. compared
with pa last week and iIi for the cgrr.
spending week OF last year.