The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1888-08-25
TIE STATE OF TRADE.

Il. q. Dun n Co.'S Regular Weekly Com
merclal Rovlcw Business Failures.
Nrw Noug, Aug 2i-R O.. Dun q Co.'s |
weekly review Of trade say ~ better |
feeling grows in every dipctiun. Crop |
prospects improve, manufacturers are gain. |
ing confidence, AMI dealers, no longer |
operating iull market, kccnly appreciate !
the difference. The present state oi bust.
ness Is clearly encouraging, larger In vol.
umc than year ago and growing more
confident In tone. Extensive reports with
In the week strengthen belief that the corn
crop will bc large, the cat crop large, the
/ yield Of wheat not below recent estimates
! aud the yield Of cotton better than the
| trade has expected Injury io corn proves
really serious Ia southern Kansas. but over
the greater part of thc cutu.grpNing area
the promise h remarkably good. Oats
have bcru seriously damaged In some quar-
tens, aul yet the aggregate yield Is likely
90 Prove the largest ON pcurl.
The iron trade durs not brighten az was
expected, though prices are little strong.
81 ut pitlshurg. about the entire output ut
lLssymUr ore has hrcn sold at Cleveland,
anil IN eastern markets. the pressure tp
sell southern iron has lcssnnrl. Vet Ten.
nps,rr No is still OlyUd NJ sI1In.
Philadelphia notes % lack IT huuylncy.
lar iron continues irregular In price aud
structural iron dull, anl the outlook In
siCul rails b. considered gloomy. quotations
being $3.50 Ia S2hul ut the east, with
sales ut the west bringing only sil - ut
Duluth. The coal trade h phenomenal
active and au advance IN price h under
consideration, Tor the iHsi time In eight
years leather dealers arc mo- longer sailing
ON declining market In the WOOL trade.
q better feeling ls seen with larger sales nt
Boston aud Philadelphia, aud In some
grades hyllCr prices.
Money b. lirmuf at many points, with
an increasing demand, bat scarcely any.
where Is there complaint IT Cluscucss and
collections 40 not seem Ia be- murC back,
wand than b. usual at this season. In the
dry goods trade Improvement h especially
noted at Chicago, aud hero fall a,rrar,
+. business iu Cuituus is in progress, with d
somewhat more satisfactory movement H
wUu.vns, especially boz men wear goods o
, spring weights, and boo carpets The spec
4 uAuNc markets have hcyu variable, wheat
al rising Ole. with sllrs ui sl.uuu. uuO nushcl
: hcr while oats have declined Gr and corr
has advanced nearly llr. with sales %
6.uNn,nu bushels. Tho cotton corner ha
hukDn and thu price Is Goo pgr luu pound
lower while uuilry BE- ] higher. with larp
dealings. sugar Is stronger, aud oil hu
risen lIr.
The usr in iorHru exchange from slS,
to siN,l b. spoken Oi as due 90 trmp1rir,
causes. That b. mot clear Exports do uo
improve uul thu balance ig hra,lvnrains
this country ruyDs ol pNpurtahlc pru
ducts advance ur.lIy nl,s of HHcur itip
ON lopigu account have already con
tuhuiyl to % reaction Boo tHr stock mafkc
and % BE- not impossible that the pus
dents message looking toward retaliation
may incline s1Wu Foreigners 81 wIthdm,
capital uf W1.so profits loo thc imprsso
that international relations may b. dn
turhyd Any considerable rcturn ui ioi
ciFn capital PLACED hero would ten
strongly tO change the outlook
The treasury has been putin
out money more freely, holjin
20, 10000 lees than q week ago, and M
bank reserve at New York II still uu
usually large AZ the same time report
Of agreement on THURSDAY between wa
ing western roads, and thg improving crc
prospects, icul 60 help the market I,
stocks, bat the Increase iu number Of iai
nrcs continue. iUr i0ur weeks past III
record coVcn 40 against Gu2 last year.
W Failures during the last apycn DAYS nun
81 Der 2li, ~ compared with q total Of 2
he last week, aud 23j the week previous
\. the last For the corresponding week
last year the figures were lSi.