The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1889-06-01
GENERAL TRADE.

In the local market quotations remain unchanged. |
Amount Of grain at the elevators corn, l7G02 bush
els oats, sGlO bushels AZ New orleans sugars
arc In good demand, prices have strengthened aud
the market rules very ntm a. well for plantation
sugars ~ Tor refined goods, which are In good de
mand. New York sugars are offering ON the mar
kot Molasscs quiet and unchanged Rice, hrmcr,
ut outside figures
H. q. Dun a Co.'S weekly review Of trade
says "On the whole, the crop prospects con
time unusually good. and the markets are
rnpldly adjusting themselves To tho assurance
Of ample supplies Business at all points re-
porting continues large Ia volume, nnd the clear
lngg through the banks show an Increase oil about
y per cent over last year outside oi New York.
''In view Of large exports Of gold aud consider
able realizing salcs ~ securities 10y foreign holden,
the course Of foreign trndc u closely watched. The
increase over lnst year In exports from New YORK
aud imports nj New York has been about 7 per
cont for each which indicates an excess Of imports
over exports for May Of about sli,OOl0Oo aud the
specie movement thus far has not nearly settled
the balancc thus arising Light exports are ~ bo
expected for the next month so that a considerable
outro OF gold would be even II there was With
dmwal ui capital ON account Of securities sold.
There II no apprehension of carly disturbance in
the money market. but the banks surplus, II ma.
tcrially weakened during the next nix weeks by
gold exports, may not he strong enough 10 prevent
serious pressure In the fall During the past week
the Treasury has taken IN only soo,0)O moro than
Il hns Paid ont. and domestic exchanges favor New
York Money nj interior points Il almost every
where IN ample supply. Cleveland being the only
exception Collections do not improve nt Kansas
cts and Milwaukee and banks report many drniia
returning unpaid OF Cleveland hut the complaints
nrc oi the whole not Increased. Tho speculative
markets have bccu comparatively tame. although
corn has dccllncd nc. oats &c and coffee ~.
while oil and pork products aro each TITLE
stronger
"Nolhlus g. dolur In cotton. The general aver.
age OF rrlccs has declined only nth Of Ter cent
lor the week About 10 Per cont more than last
ycars prices Is asked Tor Michigan wool Tho de
oi.lon la tho wur.iod question Is regarded ny many
| ns in,utlng morc active demand cor wool fitts
burg rrrofls a vcy dull mHrkci iur PA Iron will
| lower prc,-fDr spnc brands, and fair demand
| iur manufactured lrun and steel ui iofmcr prlccs
/ Tbc imprca on prevails nj Philadelphia that bot
! tom pflccs have bccn rhchci nnl stool nail prV
du,1s arc encouraged by sales Of 800 tons 81
moc dnrIug the week aud believe that the turning
| point hn been rachci
"in uthti branches Of husincss the outlook Il en-
cnunrlus. Them "a SLAMS Of an immousc prodnc
! ton of butter aud chr.' with a full demand
| The production IT boot. aud woes IL increasing
aud 0rior received nr1 lauir. sat,iv any prun
~. rlnfcd la production Of leather. but ua visihl'
supply g. believed 10 be steadily diminishing an,
hides arc abundant aud cheap India rubber IL no
very fran AZ O. cents tot plfhhnc. The trade Il
| rtucofica l. moderate
"Thc stock market hiohi strong advance has hcc
dopreHci by valuations aud the outbreak Of
new wns Of rates among the ruads west II Chlcig
ha disluictlnr icatup. but o. yet priccs have n
coded only a little
"The business failures number llA ~ compare
with 20 last week aud 80 the wcvk previous. "
the corresponding week II last year tho nfur'
were ga"