The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1888-01-28
Encouraging Outlook for Both Do
mestic and Foreign Business.
Storms Affect the Volume OF Trade
by Blookading Roads.
Absence of Speculative Excitement
Healthhil Symptom.
Decrease In Cotton Exports, Bread
stuffs and Provisions Balanced in
Part by the Increase In Cat
tie Shipments Failures.

INV York, Jan. 27.-R. G.. Dan u Co.,
in their weekly review OF trade say:
Business, both domestic and foreign, has
q moro encouraging appearance. Money
IL reported close at very few distant
points, but comparatively easy everywhere
else, and collections are fair in ali quarters,
with substantial improvement where iardi-
ness has been observed. The volume Of
business has been effected by storms and
the blockading OF railways, but il generally
fair for the season. and exchanges outside
OF New York arc 3. I per cent. larger than for
the same period last year. II is decidedly
healthy symptom that there is general alb
scncc OF speculative excitement and prices
OF products arc In most cases settling
toward more natural level, though tho
average Is sustained by the scarcity Of
anthracite coal, the scanty supply OF ycge-
tables and the advance in cotton goods.
Foreign trade in December WIS much
more favorable than early statements indi-
Gated, the decrease in exports Of couoIi,
bccadstuiis and provisions being partly
balanced 10y increase in cattle, petroleum
over imports of merchandise Il S2l 100, 1Sl
for the month, with outgoing silver eN-
cccding incoming gold by 500 1903 indi-
Gates Withdrawal Of capital, exceeding by
Sl2, 900, 600, the average required for in
tcrcst payments and undcryuluaiions, but
for the pas, six months receipts Of foreign
capital have apparently exceeded with
drnwals 10y SNj,0O,OOO. The returns for
| January thus iur indicate an increase OF .
per cent, in the imports at New York
| thus far show M increase Of ~ per cent.
As the exports exceeded imports by f2O,-
OOO, 600 last January. these reports point
| 10 q continued, though smaller excess.
Iron Is pcrccptiby sustained in price for
| the time by the enforced curtaimcnt II
production, hut the feeling prevails that
resumption ~ work Ia the coal mines may
bc followed 10y lower prices Of ir0n. In
all branches Of this great industry the de-
crease In railroad demand " ielt
The success OF the Atchison and some
| other railroad companies In placing loans.
aud the recent Improving demand for
bonds, do not alter tic fact that sales Of
securities IN Actual investors continue
much behind tli0sc Of corresponding weeks
last year. A better tone in the stock
market has been observed for two days,
| but the business is still mainly left 10 spec
uators, and tho inability Of promoters Ia
place securities may rctand new railway
| building for some time "a come, though
current reports sill show lanpc gross cam
ings. The storms, the strikes aud the re-
cent disagreement about rates may be felt
| littls later. In other branches Of spccu-
laion the tendency has been toward a
lower level wheat has declined cent,
pork - cents per barfCl, sugar
| cent and coffee cent, and oil
| "A cents, but oats have advanced ccnis,
lard and hogs ap shade stronger, AMI
tin has advanced fraction. Them IL
better movement in wool, but quotations
average little lower. Cotton IL I'M
changed, while prices 81 many makes Of
| blcachcd aud brown goods aud fancy
prints have been advanced. and print
cloths are quoted at 1914 bid for Gls.
| The boot and shoe business IL fairly active,
with shipments exceeding last years, and
prices Of almost all kinds 81 leather iayoT-
Ing buyers.
The business failures during the last
seven DAYS number. ior the United states.
| .0s. for Canada, ~. total 81 3l1, m com.
pared with 3li last week aud "a Tor tho
corresponding week Of last year.