The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1888-07-07
THs STATE OF TRADE.
Regular Weekly Commercial Review OF
X. q. Dun a. Co.

Regular Weekly Commercial Review OF
X. q. Dun & Co.
NKw YoRE, July S.R. q. Dun & Co,
in their weekly review Of trade, say: "The
commercial situation changes little, but
only for the better. Crop prospects grow
more favorable with every week Of salts.
factory weather, and the hopeful feeling
thus produced Throughout the west and
south IL felt Immediately in some increase
Of trade. Final apprehension are no.
where Of weight; at present money is super
abundant, and the belief prevails that the
treasury will prevent pressure or disturb
anoc.
Such spirit almost everywhere CONTROL.
ing. and business depends ~ largely upon
sentiment that the hopeful expectations
count for more than present dullnczS. All
over the country the inactivity usual nj
this season appears 10 he intensified by
special causss, by doubts regarding the
tariii, 10y was Of rates. by labor disturb.
anccs 90 by crop uncertainties. Yet there
j. everywhere confidence that better bust.
mess Is near NJ hand and over where
people are preparing for a season Of I'M
usual activity. The business OF transpor-
tation Is much detefionted by cutting Of
rates. aud the growing irritation threatens
90 bring more serious reduction before
long. and We, there u q prevailing faith
that all quarrcls will he adjusted some
how when traffic becomes large, though
no ono can quito see how. The spreading
Decentralization oi rates affects the stock
market scarcely II all, average prices hav.
ing actually riscn during the past week
about halt Of | per cent, notwithstanding
a stagnaiion almost unprcccdent
l.eitcr crop prospects account for much
81 the prevailing confidence. Even In
winter wheat regions, where the damage
was greatest, the yield appears 10 be
greater than was expected, while the out
look for spring wheat improves with every
week Of good weather. 10 Of corn, which
promises = large yield. The violent en-.
tcnsivc storms, Of which the telegraph
gives adviccS have doubtless done some
harm. but prior 20 Thursday. the weather
had bccn generally more favorable. At
all interior points business Ia rportcd dull,
though the excellent prospects loo farmers
are n0,ed a. iusiiiying a confident feeling
rrhscnt inactivity makes the supply u
money ample al almost every point, and
the complaints 81 SLOW collections are les
numerous this week.
Tho great s,Tik. Of iron workers has little
elect a. yet, the belief being general that
!. will not la-, long. Vet the success of
one larnc establishment In rcsuming work
with non.union men. and the consent Of
others 20 the terms demanded by the aso-
citation, SEEN 30 render a speedy settle
meni les probable. Excepting = ffmcr
tone Tor bar iron, the market has not bcon
peroeptibly affected, and reported sales
" western rails AZ prices equiv.
Alcnt 10 ss7.75 AZ eastern mills
Indicate no material increase In
demand. Dry goois arr dull, ss 10 usual
alter July ], and little new business APP
psars. While nearly all the great branches
II mahuiaciun are affected by uncertain.
tics ~ 10 the tariff, the impression grows
IN business cirrlcs tina, nothing viii be
done a, Washington this year. and that
the business kept back by uncertainties
wul sucll the volmo ~ Trade after Congress
adiournS Speculative prices are stronger
Tor brcadsiufs, wheat having advanced
during the wcek SIC, corn 2lc, and oats ic.
Cotton h also . shade stronger, with
buiicr, chcc~- and po,s,ocs. and OF has
risen = The general avrAge Of priccs
bad tsllcn n pr c-nt from January 70
July !, but has slightly recovered this
vcck. Foreign trade improves . little,
csrcrts from New York Tor June being
oals me- rent below last last yesr'a The