Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1896-08-01
BRADsTREET AND DUN.
business StiII Unfnvornbiy Affected
by Political Uncertainty.


NEW YORK, July 3l.--5radstreet's to-
morrow august 1sD will say: Political
uncertainty continues TO exert an un-
favorable effect on trade. and the dull
ness in Industrial and commercial lines
is of more than the usual midsummer pro-
portions. Mercantile credits are more
closely scanned. and I'm many instances
shortened. Country merchants i'm North
ern Louisiana and Southern Arkansas
have cancelled orders for fall delivery In
some cases, owing TO the effect on trade
of the drought there.
The Industrial situation is less favor
able. Among manufacturers of iron and
steel Il Ia regarded as serious in some
lines. owing TO the falling off I'm demand.
The curtailment Of the production OF cot
ton fabrics continues, yet fall purchases
of prints are of small volume and fail 10
sustain quotations.
More complaint of the condition of trade
Is noticeable at Baltimore, with less
| favorable trade among jobbers, because
/ country merchants have delayed pur-
! chases and az Charleston, for the same
reasons. Business has been restricted
/ at Augusta and Louisville because OF the
| long-cOntinued, Intense heat, and ct chi
| cago and St. Louis smaller orders and an
/ unexpected depression prove the rule.
/ Favorable advices are received from
! Omaha. where trade shows Improvement
/ assured good crops throughout Nebraska,
/ and from Galveston, where jobbers report
Improvement, due to the favorable crop
/ outlook.
Gsneral dade throughout Canada re-
/ mains duiet'and dull. Cotton and wOollen-
millsl throughout thei Dominion are run
! ming iOn short time. yet stocks are ac-
/ cumulating. There were 81 business
! failures reported from Canada this week
six more than last week
/ n mi a. fu THAR rVqglgly
| review Of trade to-mOi row, VIII ray
| Business conditions have clearly I'M
/ proved, though business has not. IL IS the
| torpid season, and better prospects have
been stopped and foreign advices are
more promising as respects an early anc
large demand for American products
| The operations OF foreigners In the stocF
market have reflected little beyond th'
/ troubles Of spectators at the LOndOr
settlements, and varying degrees OF igno'
| rance about American affairs. The pros
pect for large crops Of cotton and corr
| is still excellent, and neither the move
ments OF wheat nor the markets give
| countenance 10 low estimates.
Several weeks Of extreme slack demand
for cotton goods have brought a further
/ reduction IN print cloths TO 2.f cents, IN
stead of the advance expected In conse
. quonce Of the stOppage or 100000 spindles
/ but prints are selling more freely, Whil'
| brown and bleached goods are dull, eN
| cept for export kinds. The woollen-mill
do not gain. light weights opening 3 q
~ per cent lower in price than las
year. and the sales Of wool now reporte'
I are less than a quarter OF full week
| consumption. orders taken in light
weights have been very few and for low
| priced goods
The boot and shoe industry has secure'
/ slight further advances from the loves
I point in brOgans and calf boots an
, shoes but new orders are scanty, tn
| more because the permanence or the ad
| vance is questioned. Leather Is stub
bornly held without change in prices, am
I'm some grades Is really scarce, although
/ manufacturers are buying only Ior ac
tual needs. but hides have turned down
ward sharply at Chicago, declining pc
cent for the week. with heavy accumu
/ laffopS