The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1888-06-23
STATE OF TRADE.
Tho Regular Weekly Commercial Re
uiaw 0f n a Nun Al In

wow VI ". W. Jun Q W.
NV YoRK, June 22--Following is II. q.
Dun a Co.'S review Of trade for tho week
ending June %;
The country Is waiting, and the inactlon
In trade closely resembles midsummer dull
ness Anxiety about crops has in great
measure nbated. Financial uncertainties
have but little present influence, because the
narrowing industrial and commercial do
mand leave large accumulations unemployed
at all financial ccntors. The political I'M
certainty cngrosscs attention. and there Is
little prospect that II will diminish until the
ballots have been counted In November. A
volume OF business still continues, which
would have been called large a few years
ago, but falls moro than 10 per cent. below
that Of last year The latest reports OF OK
change show n decrease Of II per cent IN the
aggregate, in comparison with that OF last
year. aud decrease Of per cent outside Of
New York, with twenty-thrco out Of thirty
eight cities reporting n shrinkagc. AZ st.
Louis, Kansas City aud New Orleans there
arc gains, but at Philadelphia a decrease
Of 10 per cent: at Cincinnati, OF 10, at Chi.
caeo, u z; nj Boston, Of o and at New York
Of IL per cent The shrinkagc In volume Of
hii.incss IL accompanied by q decline OF
price Of commodities generally, and an adj
vance In prices of securities. Grain goes
down aud stocks 10 up with same reason
when crop prospects decidedly improve,
and the favorable weather OF lato has
changed northwestern expectations materi'
ally. Wheat corn aud oats have each de-
| eiined abou, ~ cent. during the pas, week
| without the heavy trading which would
mark the downward tendency ~ mainly
speculative In character. Lard has fallen
| cents pcr 100 pounds with no change la
hogs. oil has declined cents; butter
cent; eggs. | cent, and coffee y cent, but
| cotton II 3-ltic stronger, the present demand
having more influence than the prospectiy,
Weld The general average Of prices has de
cllncd during the week about y OF l pei
cent
Reports from interior points are uniiorml,
| favorable In tone, for the prospect Is consi
cred cheering, though NJ most points hi
present transactions are In increasing vol
ume. Money Is nowhere In sharp dcmans
aud tho complaints of slowness Ia collection
/ are much loss numerous this week. Zoo,
| crops give confidence as Ia the future ever
where the Inactivity Il now most noticeable
In the more important branches OF trade NJ
great change y seen. Cotton goods are u
steady hut moderate demand print cloth
are strung a, cents for Gis. but transaction
IN men or women's wooden goods are mod
crate with prices ruling below last year
where foreign competition IL felt
The wool markcthalts because holders ole
now wool spAringly nj present quotations
having faith In better prices after the fear q
change Of tariff has passed. IL II though
there u some improvement In the boot an
shoe tralc aud the movement u fairly good
Just now tho iron business has 90 be cou
sidcrcd In connection with the recent In
proycmcnt in the demand for securities III
stock market has advanced about sl.9 pc
share. but with indications that the prevail
ing speculative influences promise only
temporary advance M0rc significant II "a
tics and particularly for bonds q
now aud promising roads and yet th
demand u apt 10 appear for
time whenever inactivity checks en-
ployment IN trade or Industry, Ia
rates prevailing arr low and tend lower m
competition of water routes " severe an
the average lake rate for May, 81 cents y,
bushcl. II the lowest ON record except
one year. while the average canal rate, =
cents, u the lowest on record. and at on
time grain was taken for IN cents, the lowe
rate vet known, from buffalo 10 New lorl
Tho theory that railroad building 10 10
large this year IL met by the stubborn fact thi
aalcs OF steel rails 10 June have been onl
s7S. Co tons, against i,Git, 5t5 last year 10 N
same date, aud shipments only as. lao ton
aRainst az, ISL last year Increasing anSiel
. 10 sell pig iron N noted; tho best fuTnaC,
, have boon banked. and the Pcninylyan
, steel works will stop Tor repairs In July.
n word, current prices are 10 many worl
unremuneratiye.
! Tho ouigo 81 gold has not been large, an
, has been mor than met by treasury III
bursemcnts In purchase Of bonds aud othc
I wise, which have exceeded receipts by abul
. 100000 for the week. Nevertheless, forcir
trade continues In such shape that gold mu
~ abroad largely unless the outward NOV
ment Of securities continues unchecked.
three weeks exports from New York hay
. fallen 50 per cent below last years viii
! thcru has been an Increase hero In Imports
, q per cont
Money I, everywhere In abundant supp
and ID will doubtless be the policy 81 u
: treasury 20 prevent any stringcney, but Nj
: | less business becomes much more active II
tic effort 10 that end will be needed Tor n
J next two months.
The business failures throughout Il
}. country during the last seven days numb
for the United States i70, and for Canad
A -, or total Of 81 NJ compared with 2S2 In
!, week. and 2sS the week previous 10 the Ia,
J. For the corresponding week OF last year n
y figures worc ig7. Ths Pacific States with
0 casualties and Canada with % furnish on
!. | third Of the total number OF failures IN
. week.
Tas~s n.x. Ma ssel-