The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1888-08-18

New YoRH, Aug. l7.-R G. Dun & Co.'S
weekly review of trade: The sales OF the
week are moro favorable, and the whole
feeling has decidedly improved and the
actual situation also. An increase of $500
tons in the iron output since July is re.
ported, gain OF nearly 6 per cent. This
is partly due the resumption OF furnaces
which suspend for time in the summer
for repairs, but some new and large works
have swelled the output OF coke iron to
"A, $50 tons weekly. There is no change
in prices Foundry irons are more firmly
held, and at Pittsburg mill irons are 20
cents stronger. In all quarters better
demand is felt, and sales of ore at Clevc-
land are now large, while it is noteworthy
that no advance appears in steel rails,
though sales OF 10000 tons east and 1900
tons west are recorded, besides Pacific
coast contracts for $4,000 The coal mar.
ket is also strong and active, and an al.
vance is expected about September |.
The latest advices regarding the crops
are favorable, because they indicate that
the injuries undcniably sustained are not
so serious rs many apprehendcd. While
the harm done in Minnesota and Dakota
has been great in some localities, the latest
estimates from 100 points appear TO JUS
tiiy the belief that the yield from the in
creased acreage will be about us large as
that OF last year. So the gloomy anticipa-
tons as to cotton in Texas are met 10y tel
egraphic accounts OF rain throughout the
State and better prospect, and it is eX-
| planned that, with good weather hereafter,
the State will exceed last years yield.
Speculation has entirely disrcgarlcd
crop news, and cotton has been lifted u
| quarter with better prospects OF yield, just
rs hogs have risen D aud lard 10 cents per
100 pounds in spite Of excellent prospects
| for corn, which was nevertheless hosted
Yesterday. Wheat has declined over u
cent, and the slow export demand is still
the prevailing feature, though foreign crop
adviccs are gloomy. The adviccs from in
| terror points are more uniformly favorable
~ to actual business than for many weeks,
with transactions exceeding last years at
many points. The clearinghouse returns
also indicate reviving activity, exceeding
last years by GO per cent. IN the aggrc-
| gate and IL per cent outside OF New
York, but much OF this gain is due TO
greater speculative activity in stocks nj
Boston, in grain at Chicago, and in cotton
at New Orleans. Money is in ample sup
ply for legitimate demands at nearly every
point reporting, though quoted close in
Nashville, and the Improvement in collcc-
tons lessons the number Of complaints.
At Kansas City an increased demand for
money is noticed from interior merchants
and farmers, with prospects Of large in-
crease in the cattle movement At Mil
waukce business Is active for the season
and increasing as at Omahaand Cleveland.
In foreign commerce decline OF Is per
cent. in value OF exports for two weeks
from New York, and decline Of 33l pei
cent. in the value Of imports here, do mol
accord with the accounts OF domestic
trade. Imports, in anticipation Of n change
OF duties, seem 30 have supplied the mar.
kcts for the present, while foreign buyers
Notwithstanding large prospective needs
for the coming year, are too wary % hasten
their purchases. Tho returns still show
that the movement OF foreign capital thin
way has not ceased though the stock mar
kct has been weakened and uncertain IL
tone. Tho average Of prices is Sl.j0 pei
share lower than n week ago. and In som'
active securities unusual efforts 20 sell ar,
seen. In spite OF reported dizziness, fol
lowing a rise for eight weeks, the marke
has been comparatively steady until FRI
day, when moro rapid decline marked
the opening The treasury has takon II
about 81, SOO, OOO more money than u Iva
paid out during the week, notwithstanding
an advance In the rates paid Tor bonds an'
| an incr,sase of ~ 600 600 In the deposit
with banks.
Tho business failures occurring through
out the country number 220, rs compare
with total OF 23j last week and ZIG thl
week previous 10 the last For the CORE
Werc l6l.