Oxford eagle. (Oxford, Lafayette Co., Miss.) 1876-current, 1894-01-04
THE YEAR PAST.
y beginning and Eating NJ 1898 From
Business Standpoint. .s Relieved by
X g. Qua q Co.-It H~gzn with the
Largest Trade Ever knows snd Ended
In the Mid.t Of the Worst Depressisa
OF Our Industries Experienced In ftfty
Near-Basiaess Failures. Etc.

N 70. Dun d Co.-H H~gan with the
LARGEST Trade Ever Knows and Eaa.d
ta the wid-t Of the Worst D~pre.sisa
OF Our Industries Exp~rseseea In fIfty
fear-Bssiaess Failures. Etc.
NEW NoRK. Dec. 30.-R. &. Dun 4
Co.'S weekly review of trade. issued to-
day. says under the caption. The Year
1884,
Starting with the largest trade ever known.
mills crowded with vprs and all business
stimulated by high hopes. the year tsa has
proved, In sudden shrlnkase Of trade. Ia CON
inerrisi disasters and depression 81 industries
the worst for nfty years. whether the nnat
results 81 the panic Of 1877 we're relatively
more severe. the scanty records Of TIA, time
DO not clearly show. The year cio-e. vita
prices u many products the lowest ever
Known with miillOn. OF workers seeking ia
vain Tor work AMI vith charity laboriag 20
keep back suffering and starvation Ia ell eur
cities All hope the new year NAV hrias
brighter days, but the dying year leaves only .
dismal record.
The review Of the different departments %
trade given To day exhibits a collapse Of indus
Try and business which IL almost without
precedent. Tbs iron industry sustained .
weekly production Of Ist. SI ton. Of pig MAY I.
but by October ! the output had fallen 10 n 80
ions and the recovery TO about iopoa tons Dc
eemoer I s,iIl leaves ~ per cent. of the force
unemployed.
Over half the wooden manufacturer are Idle.
and. excepting \ brief recovery In November.
have beea ever since new wool in MAY: for all
sales At the three chief markets in the eight
months have been but los rs, seo pounds. partly
for speculation. the price having fallen " per
cent for fleece 70 the lowest point ever known.
against siZSo.0m pounds In the same months
last year. Sales Of cotton goods are fully .
quarter below the usual quantity.
The small advance attempted In boots aud
shoes q year ago, was not sustained. but with
prices a. low as ever. the shipments OF boots
and shoes from Boston were - per cent. less
than last year in December, and though in No
vember the decrease was but i0s per cent. ~
has been - per cent. for the last four months.
Not only Manufactured goods as a whole. but
the most important farm products are so low
that producers mud little comfort. onfcial and
other reports gave the notion that the crops Of
last year were 50 short that famine prices
could be realized on purchases. Enormous
stocks were bought and held with the aid OF
banks till heavy receipts In the spring caused
. collapse Of wheat. pork and cotton pools.
Disastrous failures helped to produce the
alarm which soon made money impossible to
get, but even at the worst hour OF the panic.
prices were scarcely lower than they arc now.
Wheat has repeatedly sold here and at Chit
eago at the lowest price ever known. aud is
hut half = cent above il nov. Pork fell o. In
an hour when the speculation burst. bur sells
lower yet to-day. Cotton was lifted a cent
with accounts Of scarcity in September, but
has lost most OF the gain and sells below 8
cents Thus. unreasonable speeulatious. by
preventing the sale OF surplus products. have
proved a great injury to farmers. At = time
when their enforced elr,aiiment Is disastrous
TO all other industries
Monetary transactions appeared 20 cause the
panic, and became epidemic when doubts were
raised In April about redemption of treasury
nOfaa In aaHyAH NN.-- ~ - -
reason for distru.t by connection with real
estate, produce and stock ventures. Deposits
in national banks alone decreased in Eve
months nearly kao.omGo Purchases for con
sumption shrunk 50 much, 70 many hands were
out OF wors or earning reduced wages. and
business OF all kinds was 80 reduced that the
accumulation OF Idle money became the great
ct ever known. exceeding t>slOe9.0o in New
YORK
The Transactions through all eiesrlnEhouse.
outside New York in January was I.s per
cent larger than las; year and as per cent.
larger than the FIRST quarter. slightly larger
IN the secoud quarter - PER cent. smaller Ia
the Third quarter. ans - per cent. smaller in
the last quarter
Clear evidence Of tbs snrinsnge in the dirsr-
ent branches OF business issrorses ey answers
slready reserved 70 several thousand circulars
rerue>iins figures Of sales for Isa and 80,
Faii Information OF the results vli ~ given
N~-N@Artr v eAaEA OF trNtttc stuIs ALREADY
shaw sales amounting 30 tStsns75 this yeer.
against fs8.1sssss last year. a decrease OF ).
per c~at.
iros returns thus 'ar aggregate 30 sSa 10
against tsR-ag.i bst year. a decrease % =
per cent Reports thus far Of Icwelry shos a
decrease % y per tent 81 furniture. - PER
eents o. dry gus~l- - per eraf-. Of hats. ias
per esEL. Of hardware. - per tent Of shoe
nanufaetures. - per cent. al; Of Clothing. 10
per cent.
7; - curious thAs tho o1ly trais showing an
Increase y in Eroesrie~ the sggreez'e sales
tesrg : pr cent lsFzeT thaa ia ihe lasf half Of
~.
Ia thtrty seven yesrs covered - the records
81 this agency the ngmber % failures has
only once rt-sn a btiic above isea TIE az
zrezate % the liabilities IN sI failures -
ported has IN -x y-srs risen above tde
aud this year the strictly commercial ilzbfii-
ties aIone have exceeded tni e. ~ The LA
hilitie- Of barking and hnanciai institutions
have been ss10 81 - The average % lIAhnf-
ties IN manufactures i ss1enlVn ia lesi,l
mate trading. -u00p ana in other failures,
ttl.0o0a