The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1888-08-04
THE STATE OF TRADE.
Regular Weekly Commercial Review Of
r. @. Dun g. Co.

r. @. Dun g. Co.
New YORK, Aug. 3.--R G. Dun & Co.'S
weekly review says: Business is little
better and in aggregate volume isnow fully
equal to that OF last year at date. The iron
and WOODEN trades have materially de-
creased, but business in groceries, lumber
and farm products generally is large.
Trade has improved at Philadelphia, Balti-
more, Cleveland, Detroit, st. Paul,
Nashville and Galveston, and is ex-
cellent at Omaha. At Detroit and ST.
Paul the lumber trade is especially men-
toned as excellent, and at Pittsburg and
Nashville larger transactions and better
prices in iron have been noticed with im-
provcment also in charcoal iron at Detroit.
Wool dealings are smaller than usual
and dry goods are not especially active,
the demand for wooleAs being slack even
at low prices and for cottons rather irrcs-
ular for the season.
The coal trade has been large in July
but seems TO have slackened. More activ-
ity is seen in coffee which has declined
half a cent and in raw sugar, but refined
is easier, production having oyertaken
consumption.
The speculative markets have been nom
active. Wheat has risen 4 cents for the
week with sales Of $4,000. 900 bun hcls at
| New York, and corn cent with sales Of
| 100000 bushels and oats 2 cents, but
all were still higher on Wednesday and
have since declined. Hogs have risen
10 cents, lard Is cents per 100 pounds and
pork 20 cents per barrel; oil cent. cotton
% cents per 100 pounds with sales OF &c.,
900 bales. Iron is considered stronger,
though No. southern is quoted at $l7.25,
delivered in Brooklyn, and steel rails are
lower, sales being quoted equivalent to $50
at Easton mills. The general average Of
all prices has risen "a per cent since
| July !.
Reports as to collections no not improve
and complaints are common.
| One hundred and eight qualities Of
wool average exactly the same pricc Gs
July |.
The exchanges at all points are smaller
than year ago, but because OF decline
at New York; outside of this city the az
gregate shows a gain of | per cent. For
eign trade Is diminishing, however. New
York reports for four weeks show a do
cline 1873 per cent in value OF exports and
much more for the latest west, with only a
slight increase on imports.
The New York returns would indicate
an excess OF merchandise imports over
exports OF about Sl3, 900, 600 for July, fol.
lowing S5l, 900, 900 for the previous SIX
months. Unless products move out freely
embarrassment may result, and the rise il
prices OF exportablc product tends to
check their movement. The treasury has
taken in during the past week $1,000, 0OC
more than ii has paid out. and the actual
circulation OF all kinds is about SIS, 900, Coz
less than il was a month ago, OWN.
mainly to the large retirement Of bank
notes. Reports from all monetary
centres indicate that the supply q
money is ample for all legitimate business
The settlement OF the cable war and tho
excellent crop prospects have been useC
to advance stocks about 62 cent
per share, but western freight wars do no
yet improve in spite OF frequent hopcid
reports.
Business failures throughout the country
during the last seven days number PIG &,
compared with 22l last week and 22s th,
week previous 10 the last. For the cor
responding week of last year the failures
numbered lSj.