The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1888-12-01
THE STATE OF TRADE.
r. q. Dun g. Co.'s Regular Weekly
Commercial Review.


New York, Nov. 30.-R. G. Dun &
Co. 5 weekly review OF trade: The outgo
of gold and the situation in speculative
markets cause lower prices in almost
every branch, but in stocks some recovery
has followed reports of new and important
agreements between railroad managers.
The rise, averaging about so cents per
share for the more active stocks, does not
yet appear to indicate change Of tone.
Combination on an entirely new basis
for roads west Of Chicago is proposed of
which vital feature is entire withdrawal
OF power to make freight rates from sub
ordinatcs Indeed, the Clearinghouse
scheme, II accepted literally, would vir-
tually take that power from the offices of
each road separately, and the hearty con-
sent Of all competing lines being necessary,
the reports that one or more will refuse
thus to surrender their power seems to
fOrcshadow the failure Of the plan.
AT the South delay in marketing cotton
has much influence over trade. At Kan
sls City trade is comparatively quiet, and
Mt Cleveland, Detroit and Milwaukee i'm.
prOvcment is noted, with more active de-
mand for money. Collections do not inn
prove at the South, but seem fairly salts
factory at most Northern cities.
Tho dry goods market is more healthy
as to cotlons, and with print cloths
stronger ut 3.0i cents prices OF other goods
appear to be stitIoning No advance in
prices OF boots and shoes is now expected.
The brcads'uiis market, after sharp de.
PRECISION, has recovered little. Wheat
closes PC lower corn, Sc lower and oats
have declined lc.
Cotton is bc lower. The prevalent oyin-
ion is that the crop will not be quite MS
large rs last years. Oil has changed little.
Coffee has been marked M lc, while pork
Is pc per barrel lower. Lard l7cand hogs
lOc lower per 100 pounds
The uncertainty in the iron business in
creases Most furnaces are going into blast;
every furnace in the Pittsburg district il
in operation aud the output larger than
ever. Buyers look for lower prices.
The rail market is dull, and after n sharp
competition between Plttsburg and Chi.
cugo. an order for 80. 600 tons was taken at
less than S2G ut mill, IL il stated. which
would be the lowest prices on record, con-
trasiing with $50 n year ago. The com
bnaiion has agreed that any mill may sell
any part of it, product to any other. Pig
and bar iron are both les firm in tone.
The anthracite coal trade suffers from re-
cent ovcrproduction, anl it is proposed to
work only thrcc-quartcr time. Mononga-
hela mining ceased December !, putting
5000 persons out OF work. The coke pro-
duclion is the largest on record. The lead
market is dull at - %, aud copper ~
weaker at $3.50 for November and tin at
So. 30.
The treasury has avoided any accumu-
lniiOn Of funds The exports Of mcfchan-
disc from New York will be- substantially
the same IN November as in the same
month laft year, with a decrease OF per
cent. IN imports. The movcmentin scCur-
tiles is uncertain. Thus far engagements
for export Of gold have not been large for
the week. Continued outflow OF gold in
December after generally satisfactory
crops would be- regarded "a significant.
The business failures number, for the
week, ~ rs compared with total Of 206
last week aud 237 the week previous. For
the corresponding week OF last year the
figures were 2il.