The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1896-06-13
POLITICS IN BUSINESS.
Trade Waiting for the National Plat
forms to be Formed.

New York, June 12.-Bradstreet's
tomorrow will say:
There is little or no effort to push
business at a period of so much uncer-
tainty as to the precise terms of the
financial planks to be adopted by the
great political parties in National con-
vention. The general merchandise
movement continues as duh and con-
sentative as heretofore, retailers, with
few exceptions, buying only for inn
mediate necessities. Mercantile col
lections continue slow and unsatisfac-
tory and there is no gain in the cotton,
wooden goods, iron or steel industries.
Cotton goods are below a parity
with raw material. The contest CON
tinues between iron and steel and con
sumers.
General trade i'm Central Western
States is most quiet. No improvement
is reported from Chicago, as compared
with unsatisfactory records of recent
weeks. Improvement in demand for
staples at st. Louis is among dealers
i'm paints and drugs. Kansas City and
Ohio report relatively the best demand
among Western iobbing centres, nota-
bly, among wholesalers Of dry goods,
shoes and hats and agricultural nipple
ments.
Reports from Southern distributing
centres, in territory tributary to Char
lesion and to New Orleans. have inn
proved the crop outlook.
DUN'S WEEKLY REVIEW.
New York, June 12.-R. g. Dun q
Co.'S. Weekly Review of Trade, which
issues, tomorrow viii say:
Speculative reaction has not in the
least changed the business outlook.
The fictitious prices made for wheat
and cotton meant no good except for
individuals and the change to prices
more nearly in accord with actual rela-
tions of demand and supply, only con-
forms to conditions which have been
well-known for months. The attack
on stocks on Wednesday was so plain
Nv artificial that its influence passed
with the day and neither foreign rela-
tions nor in domestic business was
there anything to justly alarm.
The government report as to wheat
indicated a much smaller yield than
any body really expects, but that has
become so much the rule that the re-
port had no real influence and the
principal effect was the serious de-
preston caused by large sales in an
ticipation of the report which seemed
to be thoroughly known in advance
to some spectators. While Atlantic
ports for the week are 1,1S8, 158 bushels,
bushels last year, the comparison is
obviously exceptional and significant,
o+ ANpGfnTn norris nj
.. 429. 235 bushels against 1,386,230 last
wear. show persistency of conditions
which have governed the movement
during the whole year.
The government estimate as
to the cotton crop was I'M
exceptedIy favorable. and has
caused decline of more than 1a
cent in single week, but it is only just
to say that some reaction from artlfl-
cialp rices would have come earlier if
information much more reliable than
that of the government had not been
persistently discredited.
Failures for the week have been 246
in the United States against 24l last
year, and p in Canada against "a last
year.
WEEKLY BANK CLEARINGS.
New York, June 12.-Total bank
clearings at principal cities for the
week ending June -, showing de-
crease or increase as compared with
the corresponding week of last year,
So37, 8s6, 500; decrease 6.5. Exclusive of
New York, 1923, 788,373; decrease ~.
Dominion of Canada. $20,972,222; de-
crease rs.
B. F. Long, Esq, of Statesvilie, was
here last night on his way 10 his old