Oxford eagle. (Oxford, Lafayette Co., Miss.) 1876-current, 1897-09-09
DUN'S TRADE REVIEW.
A Wonderful Showing OF Business
for August
Au rrevisas Records urss - - Lower
fsiiar~- and >mstler la N.,aa-. With
More Ha.lar-s In tiasa-t An Depart
ments of Trade and Manufacture.

m~nt. Of Trade ard Manufacture.
Nav YoRk. Sept A-R q. Dun &
Co : " ekiy review OF trade says:
fsiiures IA Augas; vssrc la number
not only ! per cent lcSs than In August
islb. but in amount Of liabilities Tes
per cent. smaller July aud August
show smaller average Of iiabilitic,
per failure than has ever been known
in any year or even In n quarter of the
- yearxsR- q. Dun a Co. have kept
quarterly records The improvement
j. aiso we'll distribA sd. extending to
nearly every impyrts at branch OF busi-
ness. but in clothing iewelry and un-
classified Trading ont two months of
the past ~ have shown smaller fail
urcs; in general stor~> aud furniture
only three; ia groceries. hats and iron
manufactures. Only four. in chemical
manufactures, only i've, and in cloth
ing manufacture. only SIX months Of
the a..
The ratio of default II liabilities 10
payments at clearinghouse has been
smaller in July aud August than in
any other month since early in IsoS
August was the first IN, nth in which
the daily average of settlements
through clearinghouse exceeded ma
terially that of the corresponding
month of Isya. the excess n, the prin-
cipal cities being II. 3 per cent Nor is
this due. as might be supposed. to
activity in stock speculation. for the
stock exchange clearinghouse Eow dis
poses Of a very large share of transac-
tons 80 that they affect bank ex-
changes far less than five years ago.
The volume of business has been
distinctly larger i'm speculative lines
than it was then. and in textile goo,:s
phenomenally larger. though slaclsen-
ing this week. buyers having nearly
completed their initial purchases.
With an extraordinary movement in
grain, heavy real estate aud building
transactions and increased business in
iron products. the month was clearly
the busiest August ever known.
Wheat continued Ss reaction until it
had fallen four cents more. but then
rose three cents with the first revival
of foreign buying.
Western receipts are very large.
though not quite a. large A. year
ago. but Atlantic exports. -four iu-
cludei. rose to 5. 53s s5s bushels for the
week. against :, i75. ass last year. The
estimates which command confidence
still indicate a yield of $50 O0p. 900 Ia
So. .o0o. O0l bushels, winter wheat turn
ing out 80 much beyond expectations
a. 10 balance much of the loss in spring
wheat
Foreign accounts do not improve
and unless much more deceptive than
usual. the demand for American wheat
viii far exceed the quantity which can
be spared.
Continued large exports of corn, and
buying for export. show still more
clearly the extent Of deficiencies
abroad Western receipts for the week
were 10. 0si5. 40 bushels. against 5. l60.
BIS last year. aud such movement at
this SEASON implies a great export de-
mand not yet reflected in outgo.
Cotton speculation made August de-
liveries costly, spot rising to -. cents,
but the market then driftet back
quickly to 7.6s. Conflicting news
doubtless reflects conflicting facts bu,
the opinion gains that the crop will be
large, IL By lateness not exposed To Sc
rious injury. The mills are now run
ming aud turning out great quantities
Ofgoois in respons. to heavy purehases
recently made. Wool sells largely b.
tween speculatovA 10. .5JS go pound,
for the week. Mills have been buyiag
more frcely to replace the wool rapidly
consumed. and the gools market has
been ~ large aud stroag that they are
encouraged To purchase even after n
rise of 80 per cent. in a year.
The improvement in the iron aul
steel industry gains momentum and a
further advance in prices makes s.5 per
cent. fIom the lowest average. August
H.
The demand increases for sheets aud
plates especially for bridge and ship
ba.ldtng incluling l0l.0oO tons at
/ Philadelphia in structural work. OF
which 1t is said that 10000 tons
in bars. and especially ia
wire anu wire uallS anu all nave al
yaneed an average of 81 per ton.
Southern and western d.ale n have
united to advance prices of pig =
/ cents Besscmer. Mt Pittsburgh ha,
risen ten cents. aud easts~n markets
arc stronger. The demand ior cars i,
pressing, and work for railways in
creases- The first shipment of steel
rails from this country TO Australil
was OF 1000 tons by the Laekawanna
company.
| Tin is still sligh tly lower at 1866
cents, but heavy exports said To cover
I5,0oo.ooo pounds for the next tire,
months, sustain copper at lis. ant
lead is str ong at 4. 10
Boot and shoe shipments. not quit,
five per cent. smaller than last year in
August nor four per cent. smaller than
in ls95, were ! = per cent smaller than
in 1894. but were little larger than in
is9a. Buying is still mostly for imme
diato needs, but sufficient to keeI
works well employed.
Failures for the past week have beer
| l9l in the United States. against So
| last wear