Autograph Letter Signed ('Julian B. Arnold') to Raffin, commenting on the state of the American book trade.

4to, 2 pp. Twenty-seven lines. Text clear and complete. Fair, on lightly-aged and slightly creased paper. He cannot help Raffin find an American publisher for his book 'Mystery, Mirage and Miracle' (privately printed for the author in London in 1921), although he finds its style 'delightful', and its subject matter 'one which deeply interests me'. 'The book-market is in a very strained condition - a sort of transition period with all the publishers "sitting on the fence", and the public refusing to by any books except a few which have the luck to become fashionable'. Arnold's latest book, 'The School of Sympathy', has lost him 'several hundred dollars', 'although the newspaper notices were numerous and most kind. It is the way of nearly all books at present'.