Oxford eagle. (Oxford, Lafayette Co., Miss.) 1876-current, 1896-05-07
OUN'S COMMERCIAL REVIEW

the eatos In Ba.in~s- Less than FHp~~fea
L"~sst Range as Prices Vet kaswa-
COTTON Advance. ea Speculation sa1
wheat D~ctta.--~tEks weaker sad wool
es- SHOW N" Improvement Boots and
shoes In Fair Demand
NEw YORK. May a-R. G.. Dun *
Co. in their weekly review % trade.
issued to-day. say:
Failures for the week have been rs
in the United States. against eli last
year and 81 in Canada, against - last
year
rs the season advances there il more
business. but adviees indicate that on
the whole the prevalent feeling Is that
the gain is less than there was rea-
son u expect. While retail trade mas
been active enough To materially lessen
stocks and obligations, and thus 10
prevent great many threatened en-
oarrassments, il has not yet brought
enough new business To mills or fac
tories TO prevent decrease ot untitled
orders and closing Of some works.
Substantially the same state Of thugs
exists IN all the great industries, not
withstanding the strong com binatiouS
in some. and evidence of inadsauate
consumption appears in the fact that
the general range of prices of com
modities. farm, ss well Ns manufac-
tured products. is nearly I per cent
lower than it was April 1, and the
lowest ever known. the decline since
October. is9e, being iS.s per cent. Nor
can this be attributed TO scarcity Of
money. which is easier and more
abundant as the liquidation Of many
dealers lessons outstanding obliga-
tion
Speculation has raised cotton an
eighth. though receipts and crop pros
poets still favor lower prices ami ac-
eumulsted stocks of unsold goods are
very large
Wheat has declined ~ cents fnr
cash With only two months Of the
crop year remaining there Is little tn
encourage higher prices.
SILK has weakened little. owing 20
the overlooking Of Japanese dealers.
Wool Is weak. the wool year closing
with the greatest quantity Of wool on
hand ever carried al this season.
Woolen goods have not improved in
demand. and fznnels have opened 5 to
Is per cent lower than last year.
though the material decrease % pro-
duetion has given 10 other WOODEN
goods 4 stronger tone.
Dress goods are helped by the re-
striction Of foreign imports. but the
association reports that. on the whole.
wool machinery is not more than half
employed
some cotton mills have ceased pro-
duction- including one large printing
establishment. and stocks on hand still
Increase though for brown goods
there has been a better legitimate de-
Hand. and great quantities Of ging-
hams have been moved by drives at
prices low beyOad all precedent
There Is fair demand for boots and
shoes. though not enough to prevent
gradual exhaustion OF orders untitled.
bat the only change in prices has been
a slight advance in some qualities.
Leather u weaker with very narrow
dema nd. and quotations average a shade
lower. a. do prices of hides.
Large purchases Of lake ore By the
principal consumers. contracts seear-
ing control % low phosphorus ore and
lower rates 10 Chicago for C3anells-
vile coke in order u compete with
PoeahoutaS coke are the main features
in the iron industry. but 4 revival of
demand IS yet deferred Structural
prospects are gooS. but in other
branches the demand II less active,
and Bessemer pig IS weak at si3 At
Pittsburgh.
The volume of domestic business
shown by elearings has been sl54. 600. :
600 daily in April, against sl53. 900, 900
last year; SI35.0o9.O0 in Is94. $751;, 900. =
coo in is93 and s1ss s,0oO,Oo0 in 1892
These figures show a greater shrink
age than appeared in recent months
and indicate that improvement is slow.