Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1894-06-30
BRADSTREET AND DUN.
No Actual Improvement in Business, But
More Favorable PrOspccts,

NEW YORK. June 29.-Bradstreet's to-
morrow will say: While the~e Is no actual
improvement In business throughout the
country there are more favorable pros
poets and a better feeling among mer-
chants. with an increased number OF in
stances where trade has been stimulated
The ending Of the great coal strike Is
promptly followed by a sympathetic strike
Of railway employees which threatens
disastrous effect on business by reason
OF interference with distribution and
travel.
other unfavorable features include a
conference of Rhode Island cotton-mill
owners as TO the advsablity of shutting
down. owing 10 accumulation of stocks,
heavy arrivals Of wool at eastern mar
kets, where stocks are already large de-
lay In settling the coke strike, which
prevents many industrial and manufac-
turtles from starting up. an extremely re-
stricted volume of business among whole
sale dealers in clothing at Baltimore
only i3 per cent. of what II was in tha
first half Of last year-delayed orders
from country merchants in Georgia and
South Carolina, where crop damage has
been threatened. and sharp restriction
in the volume Of general trade at Chicago.
where the railway strike centres.
At New Orleans trade in all lines Is
smaller At Nashville and birmingham
It is dull, and without sign of early i'm
prOvement. There is an improved trade
at Memphis. jacksonville. and Charles
ton, due primarily to the effect of rain
on the crops. Atlanta announces the
volume of trade for June about equal TO
that in June last year. and that country
merchants are ordering for future de-
livery. There is more activity In nearly
all lines Of business at Augusta, and the
demand for cotton is heavier. Continued
Improvement IL reported from Galveston,
where also collections are easier
K. G.. Dun & Co.'S weekly review OF
trade tomorrow will say: The great strike
Of coal-miners has ended at most points,
but another threatens to interrupt busi-
ness more seriously for a time, though the
number of hands engaged Is compara-
lively small
The resumption OF work in mines and
mills has made good progress but the
demand for products is as yet smaller
and less urgent than was expected. Buy
ers apparently wait for lower prices Of
iron and steel products, which manufac-
turers are slow TO give, in view Of the
increased cost OF materials and produc-
tion. After a suspension Of half the work.
ing force for more than month, 1t was
expected that orders for products would
be very large, but instead there Is general
complaint OF dulness and a narrow de-
mand. and prices of Bessemer pig and
some finished forms are little weaker
Although the working force has evidently
increased several establishments have
stopped for want Of orders. or because
no settlement regarding wages for the
coming year has been reached.
The volume OF domestic business as
shown In clearing house payments Is
27.3 per cent. smaller foH the week than
last year and at New York the decrease
is 361 per cent. There is some improve
ment in the demand for commercial loans.
especially from the South, and sales OF
foreign exchange against products TO be
exported hereafter have much increased.
This, with foreign buying of stocks after
the action of the New York banks. has
weakened exchange so that gold exports
for the week have been only $4,000.
But customs receipts for the month have
been only $3.50 467. and the years deficit
will be about 100000. \ considerable
deficit is expected in July
This week the failures have been PA in
the United States. against Sp7 last year,
and 80 IN Canada. against q last year.
OF late the number and importance OF
failures have increased little. as is usual
near the close Of a half year.
The twenty-round contest at the Casino
tonight between George Dixon, the
worlds fcatherweight boxing champion,
and young Griffo, Of Australia, was a
fine exhibition. and both men proved
themselves possessed Of wonderful stay
ing qualities. Dixon did nearly all of the
leading throughout the contest, but was
pluckiy met by Griffo. whose counters
while oftentimes lacking i'm force fire.
duently bore fruit. His defensive work
was Of the highest quality. and IL is
generally to his credit that he was able
TO stand the fast and furious blows Of
Dixon for twenty rounds. The fight was
declared a draw. John i. Eckhard. Of
New York was referee. Seconds for Dixon.
Tom O'Rourke, Morris. Kelly. and Jack
Havlln: for Griffo Johnny Griffin. Howie
Hogkins. Mike Dunn. and Jim McAVoy.
Dixon stripped at 122 while Grlfo was
at laast fifteen mounds heaNier.