Oxford eagle. (Oxford, Lafayette Co., Miss.) 1876-current, 1894-01-18
puN's WEEKLY REVIEW.

a D,.tinct Improvement In Basrne..
Noticeable Since the Opening ef the New
Nesr-Eshsusted stocks Being Replica
ished by the Resumption Of ~Prodaelss
ACKNOWLEDGEMENTS Markets. frrcgu-
lar and Railroad stoeks stti D~-itsiag
The Condition Of the National Treasury
-Business F.iiare. Etc.
NEW YORK. Jan. I3-R. q. Dun a
Co.'S weekly review of trade. issued to-
day SAYS:
Business has distinctly improved since the
new year came, and the gain Ia no longer visit
bic only in speculative markets. n 10 the cni,
kind OF Improvement that has In II posSihtii
ties Of lasting. because u Is based upoa an &C
tual Increase in the production u Industries
A. all rejoice to see il. there IL perhaps a little
disposition to reckon tn. gain greater than u
IL As vet, but several large establishments
have started part force hoping 70 increase
and more smaller works have started thar
have stopped. Orders from dealers who-s
stocks approach exhaustion form a prominent
cause; another :. The widely prevalent impress
sion that action at Washington will 10 more
satisfactory than many have expected. and .
belief that in any case the situation will not ~
changed until goods nov in the works eau ~
marketed has weight in some trades. what
ever the causes, even a moderate gain Il mos,
cheering
The ouipu, Of pig iron January | Is reckouct
by the Iron Age at p.9o. tons weekly. which f.
slightly less than December I. though the Pitts
burgh authority makes I, Q little larger. ir
either case 4, is from q to ~ per cent. les.
than a year ago. and stocks OF unsold pig In
creased ~. tss tons in though they
decreased a. much in November. several
more furnaces begin production this month
and prices show no recovery. Indeed. the
Lowmoor works Of Virginia have reduced the
price OF No. I foundry to ga per ton. and m
49,
bars again making the lowest price on record.
though the tone Is more hopeful both her. and
at the West. with q little more business Top
per. tin and lead are weak
Sales OF wool for the z~~k are 80 as
pounds at the three chief markets. against
SfSslso las, year. but there IL more inquiry
from uor<,ed and carpet manufa -turrrs. some
having started machinery
overeoatinzs are 10 to u per cent lower thAa
a wear ago, hut the deliveries Of dress good,
are larger than Of late. aud the demand Is
more urgent. In cotton goods there Is No
definite change
shipments Of boots and SHOES for the week
we're nearly = quarter Smsil-r than a year
AGO. but there Is growing confidence that tas
business must soon increase
Speculative markets are irregular. railroad
stock. having declined every dav a ifttls
though hut 70 cents per share in AL. the chfef
cause being reduced earnings. the passing Of
the Louisville 4 Nashville dividend and for
eign selling % that and the granger stocks
Trust stocks averaged higher every day until
Wednesday. and are still - cents hirher for
the week Earnings reported for January
thus far show q decline Of 2t.t per cent. and Of
the last week of December ISIS per cent. west
eru lines averaging more and southern less ae
crease The heavtss, tonnage ever recorded
from Chicago is at rates which result in no In
crease in earnings.
Tha RaaNfny afafa~uenr ~hn-F-- rz-.. -
In speculation. the moyem emit Of sondhoIders
in Atehison aud the strife over New England
affect some home As well as some foreign hold.
ers- An analysis of railroad earnings las, year
shows that Of all classes Of ali roads the coal
roads Only lost in the first half Of the year.
while this was the only class which gained In
the second half.
wheat is = shade weaker. though western re.
ceipts arc tTsaoco bushels for the week.
against 3.g5s0n n year ago. Atlantic export.
are only ssu.0ol. against I.tsslOO last year.
Stocks in sight decrease but little. aud govern
msnt estimates get little attention.
Corn IS naturally weaker at very large re-
eeipts. though exports are 81 per cent. larger
han a year aso.
Cotton has been lifted by speculation thre--
81 xteenths. though the decrease in receipts IL
no larger, and stocks in sight here and abroad
are big enough to meet nearly half a years
consumption
SANK Cieartuzs also Indicate that no larse
gain has occurred a. yet in the volume Of bust
ness, being 81 per cent smaller than a year ago.
Money continues TO pour into this city. as 4,
would not IL trade approached normal activity.
and the demand Is 40 narrow that loans are
sioooo.0o below deposits Foreign exchange
has risen : cents in 4 fortnight, and some look
for gold exports again. Sales OF stocks turn
the balance, though foreign houses are offering
loans here on long time
The condition OF the treasury causes much
remark. as the cash reserve is lower than ever.
and New York banks have agreed TO defer In
definitely demanding from The treasury about
cocoon due ON muiilated currency. Though
the secretary earnestly urges provision for the
future. congress has not yet touched the sub
iect, and with the great stock Of gold here, the
situation Is less serious than il would be other
wise.
Returns published last week attract great IN
terest. as a more definite measure Of the eOndi-
tion OF various branches OF business than has
been obtained through other sources. Add
ttonal returns. thirteen in number in msnufac-
turing. twelve in cotton. three in wooden and
four large grocery concerns. which show an in
crease. while other branches show a decrease.
make the aggregate OF sales by i.its concerns
Sis. sse. 80 in the last half OF 1895 against
s3IS ~. 34s in the last half OF Isee. decrease.
sos per cent.