The Austin weekly statesman. (Austin, Tex.) 1883-1898, 1896-08-06
BRADSTREET'S AND Dun {, CO.'S
REVIEWS OF FINANCE AND
COMMERCE.
BUSINESS CONDITIONS IMPROVED
Though Business Has Not-Cnfavorable
Effect of Political Uncertainty
Industrial Situation Is Less Fa-
Misunderstanding of
Production.

New York, July 31.-Bradstreet's to-
morrow will say:
Political uncertainty continues to have
an unfavorable effect on trades and in
dustrials and mercantile lines are unu-
sually dull. Mercantile credits are
closely scanned and in many instances
shortened Merchants in northern
Louisiana and southern Kansas have can
celled orders for fall delivery in some
cases, owing to the effect on trade of the
drought. The industrial situation is less
favorable. Among manufacturers of
iron and steel it is regarded as serious
in some lines, owing to the falling off of
demand. The production of pig iron is
further curtaied, vet stocks increase.
The outlook is for further decline in
iron and steel prices. Curtailments of
production in cotton fabrics continues,
yet fall purchases in prints are in small
volume. The demand for boots and
shoes is also smaller. Exports of wheat
flour included as wheat from both
amount to 2,2S4,O 900, as compared with
3,O74,OO0 bushels last week.
Dun & CO.'S REVIEW.
New York. July 31.-R. G.. Dun 4 Co. s
weekly review of trade tomorrow will
say:
Business conditions have clearly inn
proved, though business has not. 1t is
the torpid season and better prospects
have little effect as yet. The signing of
Il compact to control foreign exchange
l,N- 81, ,,l,,,, 1,I
100000 for that purpose, may render it
unnecessary to use the gold and has
given some stocks II slight advance.
Gold exports have been stopped and
foreign trade is more promising for Il de
mand for our products.
The prospects for large crops of cot
ton and corn are still excellent. 1t is
supposed the syndicate is interested to
bridge over Il period in which merchant
disc exports have been tight But
change in foreign trade is already in the
helpful direction, domestic exports from
New York having for four weeks been
II per cent larger, while imports have
been 20 per cent smaller than last year
and last week % per cent smaller
Wheat is already going out with more
freedom than is usual for the season.
Western receipts are also remarkably
heavy. Lower rail rates helped corn
to make new record at 30.12c and pros
poets are generally favorable. Cotton
advanced by quarters on reports of in
jury, but there remain Il few who expect
less than a large yield. Several weeks
of extremely slack demand for cotton
orders have brought a further reduction
in print cloths to 2.44c, instead of the adj
vance expected in consequence of the
stoppage of 100000 spindles, but prints
are selling more freely. while brown and
bleached goods are dull except for export
kinds. The WOODEN mills do not get
many orders light weights opening at
> to points lower than last year and
sales of wool now reported are less than
half of II full weeks consumption.
Leather is stubbornly held, with no
change in prices, although manufacturers
are buying for actual needs, besides there
is reported heavy accumulation of wool
The iron industry is helped but little by
the settlement which gives puddlers DC
cents advance in wages, because the de,
mand is so light that but few mills can
run and the associated price is half that
price,