The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1888-03-24
THE STATE OF TRADE.
r. @. Dun s. Co.'S Regular Weekly Com
mercial and Industrial Review.

r. q. Dun 81 Coz Regular Weekly Com
mercial and Industrial Review.
NEW YORK, March pr. q. Dun K
Co, in heir weekly review OF trade, say:
After the blizzard" a temporary increase
Of business, at least, was necessary TO make
up for lost time and TO meet delayed or
des. The increased activity from this
cause has extended through the past week,
and II is not yet clear whether a def
mite improvement in general trade
has not come with II. In the speculative
markets there has certainly been more
activity, though generally at the expense
OF values. Stocks, brcadstufis, provisions,
cotton, sugar and oil are all little lower,
but with larger Transactions Stocks have
declined about so cents pershane, with an
important fall In some OF the more promi-
nent; wheat IL | cent, and oats cents
lower. lard and cotion ! cent lower sugar
l-l8 cent and oil Scents, while coffee and
tin have each gained cent. II is thought
that the failure turns largely ON the money
market, which has been very easy. But
the steady loss Of reserves by the banks, IL
continued at this season, may ut any time
bring n sudden change. Up TO March J.,
in spite Of sales OF stocks on foreign ac-
count, there IL evidence that foreign capt.
tai continued 30 come higher, probably on
account Of bonds negotiated late last year
or early In January.
The reports from the interior are gcner-
ally quite favorable considering the inter-
ruptiOn which tho storms must have
caused. Compared activity Is tho rule,
though here and at Boston there IL some
pressure since the storm 10 make up de-
layed orders, and at Chicago and Omaha
increasing trade Is noted. Collections are
noticcably slow nj Cleveland, and not en-
tirely satisfactory at Kansas City, but gener-
ally fair. Detroit and Cleveland are the only
points where closeners I'm the money mar
ket n reported, though Boston begins 10
draw from New York, and some applica.
tons for discount come from ~. louis,
where rates arc Ito = per cent OF the
larger branches OF trade, the boot and shoe
appears most cheerful, buyers reporting q
good trade throughout the country.
Tho dry goods business has been moro
active for the past week, with steady de-
inand and unchanged prizes for cottons,
but woolcns are in lcss satisfactory shape.
The demand for dress goods Is moderate,
buyers pau-ing for the largo Arlington
sale and the frequency Of auctions-o
which no less than six occurred today il
n feature not entirely encouraging
The iron trade IL helped by the decrease
IN imports. Yet the constant offers ol
southern and western products at price,
little below eastern quotations, continues
todcprcss prices.
The absorption Of money by the treas
ury continues 10 doplctc bank reserves and
the prospect Of an early action by Congress
does not increase. The disturbance o.
business by western railroad strikes ha,
nearly ceased and there are new report,
that quarrels about rates arc 10 be adj
jusled, but the Interference Of the inter
state law with export rates through th,
various eastern ports, Is likely 10 cause diff
Gculty.
The business failures during the las
seven DAYS number for the United States
2l2, for Canada 81, n total OF 2i3, com
pared with 22s Last week and for the cor
responding week Of last year $50.