The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1889-01-26
THE STATE OF TRADE.
r. @. Dun 81 Co.'S Regular Weekly
Commercial and Industrial Review


Commercial and Industrial Review.
NEw York, Jan. 25.-R G. Dun & Co.'S
weekly review OF trade says: The state Of
trade is unusually perplexing, for with
general complaint Of dullness there are
evidences that the volume OF transactions
il large. The payments through banks
last week were % per cent. larger than for
the corresponding week last year at New
York, and 10 per cent larger at all other
cities Railroad earnings also show that
traffic is large. The demand for money is
sufficiently active at nearly all interior
points moreover, to indicate that large
business is in progress Yet il is undeni-
able that prevailing temper is one OF dis
appointment at the result Of business since
the New Icar began, and this is not
wholly explained by the steadily dccln-
ing prices OF products At southern
points, after some depression, trade APP
pears TO be improving In the Northwest
trade IL fully equal TO that OF last year. and
at some points clearly larger. The supply
OF money seems to be everywhere ample
Tor Legitimate demand There are no in
diCatlOns OF general unsOundncs5 or oyers
straning OF commercial credits. In the
great iron industry, consumption for all
other than railroad purposes appears to be
larger than ever, but there is serious dis.
turbancc.
In consequence the Iron A0c reports
general weakening which there II no use
IN blinking NJ, and holds that furnaces
which cannot face without serious loss
decline OF fully II from present prices may
wisely suspend production.
At Western points Southern iron IL Of.
icrcd at prices equivalent to sl2 mt Bir-
mingham, which isconsidcrcd equal to Sl7
Tor Pennsylvania iron, and large sales are
reported at prices below published quota
tons. a decline in the price OF coke Is
considered probable, and the anthracite
| coal market continues weak.
The decline IN wheat continues. the
price having fallen > cents for the week.
At the prices reached this week, D25 cents
10 O3! cents, there has been some buying
for export, though not rs yet for Great
Britain. Corn has fallen II cent, and oats
are lower Pork products nave also de-
clncd, mess about - cents per barrel,
lard 20 cents and hogs 10 cents per 100
pounds.
NhliNl IN u hlltluf lNNtl WIN hNtH OF
l2l 900 bn.cs, and coffee .c higher with
sales ul 2ij 900 bags. Tho market iorcop-
per hns been dull aud tin Is lower at y Be-;
lead !. also weak at $3.50. but spcltcr ~
quoted at be-. There is littlo activity in
groceries, but the sugar market lavors
holders. The general average ul prices
has fallen IS of ! per cent. for the week
Tho supply OF money here increase, both
10y rcmiilanccs from the interior, aud Y
excess OF Treasury disbursements over r..
ccipts, which reached Sl,1OO,UO Tor the
week. The exports OF merchandise from
New York show gain Of II per cent. for
three weeks
The stock m1rict il nevertheless %
firmly sustained that the average decline
IA prices has only been 90 cents per 500
Tor the week.
The business failures number 3I2,
against total Of ~ last week aud .Si
the week previous For the correspond
ing week ol last year the figures were a6p