The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1889-05-11
GENERAL MARKETS.

In the locnl market today meats were advanced
70 and -four &c per barrel Other articles un.
changed
Al New Orleans the sugar market Is easier, owing
TO the recent decline In New York and London.
Mola scs quiet but firm and rice shade frmer
II, q. Dun q CO.'S weekly review Of tmde says
1T Is the most prominent characteristic Of the pres
ent situation throughout the country that the
usual consistency OF commercial action Is lncking
transactions aud results for ONE branches of bust
ness are highly satisfactory, and for Others much
the revere. Many iron works are closing, for cx
ample, but many are doing remarkably we'll many
wooden mills are idle, but Others are working full
time, but with fair profits. The approaching tran
stlon from one crop year TO another the recent
change OF Administration. the changes In the In
tcrtatc law aud the rapid development OF manu-
features nt the South are producing effects which
cannot be- fully measured.
Iron production has begun 10 decline, the out
put weekly ofsnihncite aud btuminous, May /,
being only i33,5H tons, decrease Of 4.32i tons
weekly since April l. But the announcement Of
the Thomas Iron Company that Il will supply No
foundry at siO ut tdewatef aud gray forge at Slb,
or lower II necessary 10 meet Southern Cumpeti-
ton ~ expected TO accelerate the reduction OF out.
put. The largest Virginia concern has reduced It's
| price sl.'O IN return, aud Alabama Iron has pre-
ylously been selling here at 60 Prices arc lower
nj rlttsbufg also, but there * better feeling In
finished bar iron there aud at Philadelphia, aud
the demand for plate pipe sheet aud structural
iron continues satisfactory. The coal market Is
| stll unsettled.
"Thc wool market goes lower while waiting for
adequate new supplies aud the ayomgc Of lOi
qualItc, May was 2L3 cents against 2l.s cents on
| April l.
"Tho future depends upon the state II the dry
goods market which Is not now cncpnr cling The
cotton manufacture il active and healthy. The
trade IN drugs and chemicals has become quito
active, With collections excellent, hut dye stuih
nru dull. Aspcculati,o movement In brcndstulh
has developed again, apparently based on the
theory that. although The coming crop may be- very
large there will be enough actual scarcity IN July
before new wheat tonnes forward freely, TO enable
tmdcn 10 unload. Wheat hns advanced &C. corn
u c and oats &C. with an advance at i5c yer 100
Ia In hogs aud Land OH has declined sc and
cotton iiUc with sales Of 6isO01 bale here Tor the
week.
- speculative movement Ms rubber 30 CSC for
pnm fine. Il T. not supposed ~ have lasting force.
"Thc grocery tmdc has bccu ucthc. In sugar
the demand Il confined 10 nciual needs In spiio
81 some speculative advances, the general average
of prices for commodities Is little lower than IL
Yves MAY ? The stock market ends nj exactly the
average II week ago. the default iu the 81 Louis
NAnnhs h'lhg Nc mplo Iilmlutut csu'c OF
pccnt weakness. nut the largc exports ul gold
which began a week nroynnd the absorption NJ
100000 10y the Treasury ,incc May o. also have
some effect. \ sharp demand Tor money Ht Glove
land causes slight itangcncy.
'1hc outlook Ia the Northwest n regarded much
mnrc confidently slucu the rccnt fains kycr'
where the crop prospects nr encouraging, with
I Che season morc advanced than usual, md u,
arrcBfr In wheat considerably Increased.
"Ihc busincss failures number ~ as compared
With :. last week. and sia the week previous. for
the corresponding week Of lust year the hiups
wcnu ag"