The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1888-10-27
STATE OF TRADE.
The Regular Weekly Commercial Re.
view of r. q. Dun g. Co,

me Regular weekly Commercial Re.
view OF r. @. Dun g. Co.
Nav YORK, Oct 26.-R. G. Dun & Co. g
weekly review OF trade: Outside OF New
York there is general increase in bank
clearings over las. year Of about ~ per
cent, but substantially the entire increase
OF 20 per cent at Boston may he traced TO
unusual speculation in stocks; probably
the gains of per cent. at Philadelphia and
Al per cent. at San Francisco are mainly OF
the same nature; and the speculation in
wheat and other products swolls exchanges
at Chicago and St. Louis. At New York,
on the other hand, a decrease Of 10 per
cent appears which the difference in
speculative activity does not fully explain.
At all ports the imports for the month
Of September were 81 900, 900 smaller than
last year, while exports were 81, 400, 600
smaller, 30 that the excess OF imports over
exports OF merchandise was only g, 2i9,-
S24 But prices Of breadstufis do not 80
yield as TO promise free movement, and
the excess OF imports over exports for the
past eight months has been more than
S9i, 0O0, 900. The inquiry for good Ameri-
can securities has not ceased in Europe.
An advance in west bound rates is an-
nounced for October 20, ranging from one
third for the lower 10 one-half for the
higher classes, but the east bound traffic
is still in unsatisfactory shape. The pur-
Chase Of the Georgia Central by the Rich
mond Terminal looks toward continu-
ance Of consultations, but the unwelcome
fact remains that expenses generally in.
crease more than earnings Remarkable
activity in the stock market, one way or
the other. Is generally expected soon after
the election.
The collapse Of the lead combination
and the failure Of the chief Spectator, has
increased the disirust OF other speculative
movements which disregard legitimate
considerations A slight advance in cot
ton and raise OF \ cent in leather are the
chief changes in the other direction. The
general level OF all prices settles downward
In spite Of the continued expansion Of the
circulation having declined about per
cent during the past week.
The iron market is less firm, though
still OF waiting sort, but there are inti-
nations that less than S2s has been ac-
ccpted for rails The coal trade also shows
tiNilh VI NtAhuttrt Nhlit Nht huNphN ttI
the last week reached D6s,5i0 tons, and
accumulation Of stocks seems rapid. In
wooden and cotton manufacture no ex-
change is noted, but although dry goods
transactions are called irregular, symptoms
Of better demand airs reported.
Less trade activity II noted nj Pittsburg,
quiet trade and slow collections at
Memphis and slower collections at -.
Paul, with moo careful scrutiny Of acts by
jobbcrs. At Cleveland, too, manufacturing
is rather hcsi,ant, and the money market
tends toward stringency. Considerable
liquidation appeanat Atlanta, but incrcas-
ing cotton receipts give promise Of greater
activity there and at Memphis. The treas
ury continues TO supply the market liber-
ally with funds, having paid out during
the past week ~ 500, 900 more than u has
taken In, the excess being In silver ccrtiii'
Gates.
The business failures for the week num-
Der 2bi, M against total OF 22i last week
and 227 the week previous. For the cor
responding week Of last year the figures
were 2l6.