The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1888-11-10
THE STATE OF TRADE.
r. @. DUN g. CO.'S REGULAR WEEKLY
COMMERCIAL REVIEW.
Political Excitement No Longer Inter-
feres With Legitimate Trade-A Won
derful Activity Kept Up During the
Whole Campaign.

New YORK, Nov. Or. G. Dun & Coz
weekly review Of trade: The legitimate
trade has been wonderfully well main
tanned during the past week, as during the
whole political campaign. And this is the
more remarkable because in the months
preceding those of political excitement
speculation had been unusually active and
extravagant. There has come more con-
fident tone in many branches OF business,
and larger trade with improved prices is
usually anticipated rs result Of the post
ponement OF very many operations and
purchases in past months. In the reports
from interior points generally it is note
worthy that the aggregate Of transactions
was large for only five working days. At
all cities reporting, money continued in
fair or active demand, while scarcely any
complaint OF stringency is heard, and col
lections, though somewhat interrupted,
have been on the whole satisfactory, with
improvement noted in several cases. The
large volume Of currency in circulation,
together with the temporary inactivity OF
speculation, explains the matter. The
circulation OF all kinds OF money reached
81, 400, 81 ,6SS November |, being S4l, $780,
900 larger than year ago. In the past
week Tho Treasury has also paid out ST.
100000 more than il has taken in.
The report OF anthracite and bitumnous
furnaces in blast showed weekly output
OF l2S, $40 tons, against ll9, lS6 month
ago, and $50, 4S7 a year ago. In output OF
charcoal, iron, the increase OF about per
cent. in the month OF October makes the
weekly output only about l. per cent
smaller than at this date last year. The
increase OF late has been mainly in
Southern production. No change in prices
is recorded as yet. Steel rails have been
at very low figures, in all 10000 tons were
taken by the Vanderbilt roads, and as
much more:by other companies, and ii is
reported that large orders can yet be
placed at not more than S27.
The wool market has been decidedly
more active and stronger, but while a
more confident feeling prevails in the
goods trade, improvement in orders or
purchases is not yet observed. Cotton
goods have been firm with strong under
tone. The boot and shoe trade is firm,
and actual deliveries this year thus far
have been TO per cent larger than last
year, with net prices averaging shade
better, while stocks are unusually narrow.
The coke and coal trade is very active at
Plttsburg, and the output OF anthracite
coal, 9l3, $40 tons for the last week, has
been for the year thus far, 81, l0l $50 tons
against 27,S70, iG3 last year, a gain OF
nearly u per cent.
Exports fell per cent below last year
at New York, while imports here in 0cto-
Der were about per cent. below last year.
Prices OF the chief exportable products
still rule so high as to prevent free move.
mcnt, and wheat has advanced during the
past week about per cent, with sales OF
u 800, 900 bushels; corn has advanced "A
cents, with sales OF 5,5O0,0OO bushels; oats
have advanced ! Of a cent; pork % cents
per barrel; oil II cents, with small trading;
cotton, l-lG Of cent, with sales OF 3G5, OOO
bales, and coffee has remained steady,
with sales Of 2ji, 900 bags during the week.
Transactions in stocks have not been
heavy, and prices have scarcely changed
at all In the aggregate.
The business failures during the week
number 226 rs compared with 275 last
week and 25i tho week previous For the
corresponding week Of last year the total
was 2i5.