The herald., 1896-06-14
COMMERCIAL CONDITIONS
Politics Absorbs Public Attention and Business
II Dull

NEW YORK, June 12.-Bradstreets to-
morrow will say:
There is little or no effort to push bust
ness at period of so much uncertainty as
10 the precise terms of the financial planks
to be adopted by the great political par
ties IN national convention. The general
merchandise movement continues as dull
and conservative as heretofore retailers,
with few exceptions. buying only for imme-
continue slow and unsatisfactory. and
there is no gain in the cotton, wooden
goods, iron or steel industries.
western spectators are buying wool
above parity with prices offered from the
east. There is little likelihood of higher
prices for wool while so much machinery is
somewhat depressed. Cotton goods are be-
low parity with raw material. General
trade In central western states remains
quiet.
Exports of wheat (flour included as
wheat TheaO from both GO eoasts ns Of the United
32V9, 900 bushels last week. and !, 731, 90 bush.
els In the week one year ago.
~, Inc total number Of business failures
is 234, compared with 2ss last week and 252
in the second week of June. 1895.
There are SS business failures reported
from the, Dominion of Canada this week,
compared with 29 last week and q in the
week u year ago.
Bradstreet's Wall street review will say:
most at standstiii and prices sagged in
the absence of buying support rather than
on Liquidation Of bear selling. The DOWN
ward movement bore the appearance Of
bear raid, for which the preceding weak
ening Of small accounts had prepared the
expectedly favorable conditions in regard
TO the wheat yield benefited the grangers
and short covering through the list result
Cold shipments were kept down during the
early part of the week to 100000 by the
Gerng a Of smell Itb amouns 81 of bills drawn
mine to a foreign syndicate. On Friday,
more would be shipped today.
Apart from the break on Wednesday.
which vas particularly marked In Dis
tillers: Sugar and Missouri Pacific, there
trading. On Friday the whole market rail-
lied slightly on the foreign purchases re-
1erred to above and closed firm.
DUN & cos. REPORT.
r. G. Dun & Co.'S. weekly review Of
trade. which issues tomorrow, will say:
Speculative reaction has not in the least
changed chan the business outlook. The fictl-
meant no good except for individuals, and
the change to prices more nearly in accord
Only to %eS to supply Ba1s
been known for months. The attack on
stocks on Wednesday was SO plainly arti-
and neither foreign relations nor in do
mestic business was there anything to
justify alarm, The government report as
than anybody really expected, but that has
become SO much the rule that the report
had no real influence and the principal
erect was the serious depression caused by
which seemed to be thoroughly known in
fer fRse weeF Mh Az
bushels. flour included. against only 8O9,-
$50 last year. the comparison is obviously
eeps at gOrs 81 h thsbes hs
against 1856, 23O last year show persistency
Of conditions which have governed the
Yp1n ,nnfo vf,,ur No y1NIN
1t is not the time to look for marked
Improvement in industries, and the best
thing that could be said Of them is that
none have as yet been seriously disturbed
by threatened labor difficulties. It seems
not improbable that all such difficulties
ns sTsspf s S
Jmne 5d1 was 1S2; ;22o tons weekly, against iss.-
cluding those held by the great steel com
panies, amounted to S5.943 tons, against
7SS, 5S2 May !. and only 525;617 january 1.
Is fair. 1t is much below the actual output
OF pig iron. The markets are extremely
dull Il, because a great number Of orders for
the uncertainty regarding the maintenance
It's ae aree poH poa baf able TO-
while middlemen are still selling billefs at
the pool price. and the apprehended weak
ness in finished products has clearly an
peared, although the nail associations, by
Back & Co. of Pittsburg. has been able to
hold prices for time But steel bars have
been sold at cent against IL cents asked
changes in quotations are not material but
in all the markets the tendency is toward
lower prices.
Sales Of wool in two weeks of June have
been only 5S23. 800 pounds against r. 561 9s5
last year, and no gain Is expected in the
manufacturing region for some time to
come.
Failures for the week have been 24e in the
United States against 241 last year. and q
in Canada against "a last year.