Oxford eagle. (Oxford, Lafayette Co., Miss.) 1876-current, 1894-08-02
ous's COMMERCIAL REVIEW.

oUN'S COMMERCIAL REVIEW.
a Most elssmy Report ef the stssasI-s
tsa-ed hy the ee~tiaa~,f oaf<e 90 esold.
the Pan In the Treasury R~-<rve sss IN
the Price Of wheat. wfsh Ia~r~--~s ra-
eertsinty Aeoat T.rtr I~xs.a.sisn. Ese
Et--
NEw YoKk- July ss.-R G. Dan &
Co : weekly review Of trade. issued to-
day. says:
The heavy ouigo Of gold. the fall Of
the treasury reserve. and cf the price %
wheat to the lowest point on record.
and the Increasing uncertainty about
the tariff. have entirely ovcrShadowe,i
other InfiuenceS business DELAYED for
months by two great strikes now crowds
railroads and swells returns. and gives
the impression of revival in business
But Il i not vet clear how far
there II an increase in new
traffic. distinguished from that
which has been serely Mockaded or
deferred In some branches .here has
been more activity. but in o,herS les.
oeean~e events early this week led
many To infer that no change II tariff
would b. nade- The Internal revenue
receipts on whisky suddenly dropped
morr than half and ~al~< of wool
greatly increased But the uneer-
tainty i nof removed and much II tn.
business done secns to BE- in the nature
OF insurance against Possibilities.
Internal revenue receipts amount %
50. Too.os1 for the month. st4. So. aoe
more than in the same part Of July
Nsx~t a. 4
are less than ., elo.Do0. against sIs.-
0oo, coo last year
Freight which was DELAYED by the
railroad blockade now crowds the rail
roads. and doubtless accounts in large
degree for heavy western receipts 81
wheat But earnings show little gain.
the comparison y now with . time Of
great depression last year. The de-
crease on all ruads yet rep.Srtinx for
July has heen =ss5 PER cent. thouzh
the roads A. vet repairing for the third
week show loss Of only Is-s pr cent
Earnings in July on such roads As have
reported are $50 per cent less on Pa
eins- So PER esut- On granger and 81
on southwestern roads. But much Of
the business was only deferred
The payments through clearing
houses are 1s-z per cent less than a
year ago. and for the month thus far
iS-s per eent- lesS. being ga per cent
below tho-e Of i>ss
Wheat has found in the lowest Depths
. DEEPER still. and sold below 81. max
ing the monthiy average at New York
the lowest ever kaown- Western re-
e~ipss have been s.ss5.s7s bushels.
against J. iss-e.5 last year. in part he
eau~e Of delayed shipments. but III.
movement fruEz the farms has h-cu
heavy while Atlantis exports have
he.n only I-sff.sa4 bushels. against
.-05s.o go last year Corn was stronger.
with accounts II injury 10 part Of eror.
and the exports are triaiug. Cotton
declined sixteenth - eents. though
r~eriPts from plantations are small
comparison with ennrmous visible
stockS
Textile industries have been per
esPtihly stimulated according 10 deal
ers~ By disagreern~nts which many
suPPo-e may prevent change sf the
tariff and there has heen more buying
of cotton goods. with slightly higher
prizes fer a few. notwithstanding tn.
closing Of some important mills The
stock OF such goods i. on the whole,
quite large In woolenS. the goods
famine. which clothiers prepared for
themselves by deferrfng orders, Is
saeh that imperative nee~ssities now
keep mast Of the mills at work. and
purchases of wool for immediate.
u~e are large Bat there is no
/ change for the better as respects orders
running into the future. and indeed
some euneerns have withdrawn spring
samples in which very low priees had
been hxed. and will make no effort for
trade at present sales Of wool have
heen greatly sVvelled by speculation. in
the belief that wool i MT likely N de-
cline in any event. bat may advance
sharply II tariff changes fail Sales for
the week were s.05s, loo. agains, .. .is4.-
500 last year. and .. lis. so in fs9.- In
four weeks Of July sales have been
-. 159. ss5 pounds. against 1856, 200 in
lss3. and so.eS0. $50 in Isse-
While scarcity Of coal delays resump-
tion of work in many central and
western iron mills. the light inquiry
for finished products and the disap-
| pointing demand for most al Pitts
burgh raises doubt whether material
increase can be expected until the
tariff question i cut of the way The
demand for sheets II better at Chicago.
and there are aumerous small orders
foe structural work at Pittsburgh.
with rather better demand for hars.
but nothing like the expected rush.
At Philadelphia the tone improves and
prices are steady. but foundry busi-
Ness i much depressed and sharp com
| Petition prevents advance IN finished
products
| business in shoes continues gnod.
| and shipments for four weeks Of july
have been if-oeo eases or . per cent.
larger than last year. and - .Ooe cases
or II per cent. less than in isss or 1891.
Orders for women's light goods appear
to be slaekeninx.
Failures for three weeks of Julv
| compare we'll of coarS<. with the panic
| period last year. eomrnereial liabilities
being ss.slT.sos. Of which =. sss. .sss
were of manufacturing and - s03.0II
of trading concerns Commercial loans
are expanding but little. and xrea.
caution still maintains soundness-
The failures this week have heen go
in the United States. against 81 last
year. and - in Canada against y las;
year
Fatal 1AN nav