Oxford eagle. (Oxford, Lafayette Co., Miss.) 1876-current, 1897-07-08
ouN's COMMERCIAL REVIEW.



Nosa- Cause an tpp~r~.t Falling O6
IN the Noia.~ sf Bs.ss~>- Dss~ which
10 Not Neal The Ousiooh In livery Way
BETTER sad sr'shter.
Nav loRN. July a-G. r Dun d
Cos weekly review Of trade says: r.
Midsummer vacations have com
menccd In many works with the de-
crease Of orders usual at this season
This customary vacation Is called .
strike where agreements regarding
wages for the coming year have not
been reached. aud the extensive strike
OF emalgamatcd iron workers. an
nounced July I. Is Of this nature. but
the strike % coal miners la Illinois
and other central western states IL
not, and may prove costly.
In some iron aud cotton works wages
have been reduced owing 10 low prices.
one cotton mill In Virginia closing be-
cause reduction was not acccpted-
With a better demand the employers
will seek agrveme Asl Ia its ~
ssnce The workers osforc long. 10 thai
the situation IL distinctly OF n mid
summer character. Large hopes are
built ON prospective demand after the
tariff bill has passed. but the pressure
in the market OF large importing stocks
may defer IL The general belief IL
that removal % uncertainty will. in
any case. increase business
since much of the future depends on
crops. the Frightening prospects are Of
the highest Importance. Estimates by
persons usually mont pcssimistie now
far exceed any made . month ago. one
promising 559, ooo. 600 bushels OF wheat.
with lower conditions but largely in
cr-ascd acreage of corn
Cotton prospects are brighter - the
crop appears to be early rather than
late in regions which were not flooded.
The movement of wheat II small.
western receipts for the week 1850, 10
bushels against s.osi. si9 last year and
Atlantic exports = oSi.Iia -four in
Guided. against 1. i6s II. last year. but
u strong effort to lift prices failed and
the close is ~. cents lower for the week
with corn half cent lower Cotton
rose an eighth with small sales
The iron and steel industry halts at
midsummer. although the demand for
finished products still increases, and
disappointment is due only To the fac.
that the increase is not yet enough To
keep all mills at work. and thus to
bring better prices, which now average
slightly lower than ever before. though
not one per cent lower than those of
March, Is95.
The export trade Is increasing and .
large order foe India has Just been
taken at price said to be s. below
British bids.
Coke production Is increasing again
rs more iron furnaces are going into
blast, and an addition OF IS cents has
been ordered in anthracite coal.
Tin is higher at si.0i with large
consumption and copper at Iox for
Lake with heavy exports. while lead
has advanced To SO cents American
makers are selling tin plate largely Mt
Si.:o for full weight. against 81. 80 for
foreign.
Textile manufacturers are waiting.
and cotton mills curtailing production
with large stocks on hand. and prices
scarcely changed. while wooden mills
are gradually increasing work with
better orders. and prices incline to ad-
vance n shade. Enormous buying of
wool. 256. 600. 900 pounds this year.
against i0e, o00.010 last year. reflects
speculation mainly. and some large
lots have been sold three To hve times
since arrival
Prices are somewhat stronger ut sea
board markets. aud ~ high ia the in
Il