Oxford eagle. (Oxford, Lafayette Co., Miss.) 1876-current, 1895-06-27

s~a~s.i fmpr-v~m~at ~et~A All Aisag tas
tis~-Ne ~vthaek 3. tt.tht- Asywk.r~.
Bst fr~. an r.rt. ~ th- rsltes ~l.t.s
the B.st sdste-- rsti sf d. Ni.tax rta~ -
Trade @aa Issia.try.
NEw loRK. June .: r. q Dun.
report. issued to-day. saws.
Failures Tor the second week Of Iuns
show liabilities Of only sr.Vsl. 80. of
which sT0f.sS7 were manufacturing
and si.3ea, ,6ss Werc trading; again>,
s..pl7,s35 in all for the same week last
year. Of which s6-s. is7 were manufae-
turing and se.sc0. 766 were trading.
Additions for the first week Of June
raise the aggregate FOR two weeks. in
cluding the Cordage concerns. to- sit,-
3ai.sil. of which sIO.Sl5. ssS were IN an.
ufacturing and s3,6st.il6 were trad
ing
Failures for the week have been e2s
in the United States. against slt last
year; and 81 In Canada. againSt Is last
wear.
He who sees a setback at this time
must he gazing through . telescope
pointing by mistake at some other
country Prom all parts of the United
States the hest advices obtaina bic tell
Of rising tide % trade and industry.
which threatens mere and there 10
mount too far and too fast
The volume Of all business i by no
means equal to that % Isos aS vet.
though in som- important lines larger
than IN that or anv other year.
Daily payments through clearing.
houses in June arr "a per cent. larger
than last year. though 80 per cent
smaller than in ts9a. the last wear 81
full business ~ this season A rise -
more than a quarter in a single year
i the more significant bs.lusc. in
spite of recent advances. the prices
~ commodities a. Whole
average a fraction Of per cent. lower
than year ago Two Influences %
tremendous power contribute TO the
rise; Encouraging crop news and con
fident rePlenishing Of stocks which
have for two years hen depleted -
the utmost When business payments
have 80 long been sl5.0oo. o0o yearly
less than before. u - not strange that
the increase should h. AZ the rate -
ST. .ooo. eoo wear. when faith in the
future inspires general replenishment
Of stocks
Excepting too heavy rains in Texas
crop reports this week have been
highly encouraging Fatar. injury
70 cotton canno; h- predicted. but A.
yet nothing indicates a yield below
s,Soo.0u0 bales. which would not b.
supposed t. threaten famine IL the
commercial and mill stocks are r.
mernbercd. now exceeding BY . soD. u.gl
bales, a full consumption until Scpt-m
her l. Receipts continue small and
consumption close TO the maximum
here aud abroad. though the market
ing ~ British goosis j. not entirely en-
eouraging- Liberal purchases Of all
products hy the south do not indicate
belief that any serious misfortune im-
pendS
81 the strong trade IN the cereal
growing states secnr,is with bright@,
crop PROSPECTS The reports frum
spring wheat states and from tbs
I Pacific coast are 50 cheering that al
though the loss of winter wheat wa,
large, those whose estimates have beef
most accurate in recent years nor
vary in predictions from ssa. Ooo. 600 Il
t70. 0oO pop buShel
Atlantic exports for three weeks
-four included, have been only ass.
I us Bushels. against q. .00'. ~ last year
I indicating No urgent demand at eur
rent prices. There has been fall OF I
cents in wheat. with heavier sale,
than foe three week, past
/ The rush for supplies in iron aud
steel resembles bear panic" in the
stock market because prices are
mounting. everybody hurrie> to buy
50 that they mount higher. Bessemei
iron has reached sis 6S at Pittsburgh,
the Bar association has advanced com
mon to 81. L. the Wire Nail associa,
tion puts up the price To ST. 80 per key
the steel rail makers have raised th.
price To 81. Eastern and south
ern furnaces have both raised
prices again 80 cents a ton, and struc
tural beams are 81 b and angles 81 e5
1t i undcniable that works in opera
tiOn are crowded with orders. and 9th
ers which have been idle for years ar,
preparing to resume
Sales of wool at the chief markets.
3, ii3. 200 pounds domestic and }. .s44. 90
foreign, are larger than in any pre-
vious year for the same week. and il
three weeks Of June have been 10, SIG.
Osis pounds, of which 7,7o4. 500 wer.
foreign. Holding of stocks by grove r
for higher prices has caused an ad
vance in the average Of ld4 qualitie,
of domestic woods quoted by Coate
Bro. : from l3O 90 cents June l to IL .
cents, but Australian is bought on 1
large scale at 80 to 3s cents fer comb
ing and - to 80 for clothing. both
secured. and want Of domestic sup
plies is evidently causing heavy pur
chases OF foreign wool in advance o
needs
Orders for mems woolens are a littl
better. and the Washington mills ar
generally opening up their ella,
worsteds at an advance of about . :,
per cent, though some lower grade
are reduced in prices
/ Advances continue in cotton goods
and are sustained by unusual demaus
and scarcity at a time when the mill
are generally ANXIOUS to clear OFF oil,
stocks
Shipments OF boots and shoes for tn
week have been the largest ever know
in any week. lOl. 425 cases, according I,
the Shoe and Leather Reporter. aud fol
three weeks of June have been II pc
cent larger than in any previous year
FINANCIAL DESPERATION