The times. [volume] (Richmond, Va.) 1890-1903, 1896-10-31
BUSINESS IS WAITING
rgspEcTsfOx OF the COUNTY, AT
THE POLLS NEXT TUESDAY.
xo,hinr Being Done in staple Lines Be-
yond Immediate wants-Many
Orders Given Conditionally.

NEW YORK, Oct. 30.-Bradstreets To-
morrow will say:
Business in staple lines is confined to
immediate wants. interest in election abb
sorblng attention. The volume CT trade
IS smaller than week ago, and Will
continue restricted until the results or
tho election are known. The restricted
distribution Of merchandise for several
weeks has begun TO register itself in the
bank clearing totals, the aggregate for
which al all cities during the past six
business days Is ss5s, eoc,0oo. per cent.
less than last week, but 10 per cent. less
than the corresponding week one year
ago.
WHAT FREE SILVER MAY KILL
Orders TO an enormous amount have
been placed with manufacturers, job
bers commission houses and importers
10 be cancelled in the event Of the sue
cess Of the free silver cause. An en-
c0uraging feature is further advance
in the price OF leather, wool, Bessemer
pig iron. wheat, Indian corn. lard. raw
and refined sugar. and for crude and re-
iined petroleum. Prices are practically
unchanged for pork and ccffee, but hides
ara 4 little weaker, and prices for oats.
wheat, four cotton and print cloths are
lower. Only moderate orders have been
placed for wooden goods Tor spring deliv-
cry, but manufacturers are disposed to
buy some raw material
Texas country merchants buy with
extreme caution, and in Louisiana the
advance in discount rates has rendered
trade duller than it might otherwise have
"a
United States have declined in number
this week. the total being 2l5 against 2s2
last week. and go in the week one year
ago
r. G. DUNN & co.
NEW YORK, Oct S0.-R. G.. Dunn e.
CO. will say tomorrow in their weekly
review OF trade:
\ market without anything but poll
tics 70 rule it is not often seen. Business
IS almost abolished until after the cleo
ton ~ the extraordinary pressure for
money by the indisp0sition OF ANYBODY
10 sell, who think a great change for
the better is near. by the feeling that 1,
is now Of 10 Use to contract or buy
when so little time remains before a
decision. and by the general absorption
az business men in political activities.
Inc indications show a gratifying conf
dence IN preparing for better things. but
an enormous volume Of contracts and
orders depend on the election, and while
prices Of materials are strong with heavy
speculative buying. the absence OF the
immediate demand makes finished pro-
duets generally quiet IN price. though
with evident expectation OF strength.
me feature Of the week has been the
pressure In the New York money market
IN spite OF the heavy arrivals Of geld
quotations OF call loans at 100 per cent.
or more. have no real meaning exceDt
that with practically four HOLIDAYS 10
come I'm succession there is really no
market.
tNt hoafding or engagement OF gold 10
provide against contingencies has far sur
passed all records. and in exchange
bought ahead, gold actually withdrawn
ana contracts to deliver gold If required
lL1D"Diy exceeds in amount Slo)00.Cfo
lie makers OF contracts TO deliver eolt
on demand have imported over $1,000 CG0
u is believed, and ordered 10000 more
this week the Withdrawals OF gold from
banks for temporary deposit elsewhere
or by country banks at the demand OF
customers have been quite heavy. and
the buying Of foreign exchange has made
the market entirely abnormal. and quite
OUT OF relation TO the existing state Of
foreign trade.
Cotton has held mp remarkably well. in
spite OF trade. and estimates that the
yield viii be close 10 9000.oo0 bales. The
trade believes such estimates erroneous
and also believes that present prices will
not De- found too high. II. with such "a
crop. there should De eallzed in this ana
other countries. Tie mills are relliny
staple goods somewhat freely and print
cloths are a shade higher. but there IS
neither much selling nor much effort
% buy goods OF other descriptions.
Iron has been bought largely BY spccu-
latots. 600 tons OF Bessomer ~ PlyS,
burs raising the price 10 Su0. lc<y='
Que ntitics OF grey forge raising the p,rS
70 500. and 2oGO tons nearly al II
northern iron AZ Chicago. Finished pc
ducts do not change in quoted p-scsA
although quotations are less shaded thke
of late 10 secure business and there Is
q strong belief that after week there
will d. a marked change.
Failures FOR the week are 30 IN the
United States. against rs last year. and
80 IN Canada. against 90 last year.