The Austin weekly statesman. (Austin, Tex.) 1883-1898, 1897-04-22
Dun e Co.'s Reyiexv

+, New York. April 16.-R. G. Dim g.
CAS- weekly review of trade tomorrow
will say: nv"
An .nndeclared war between Grcoce.
| ana turkey. has been more responsible
man any. other single cause for the
changes IN business this week. Actual
nSntihS, with facts which seem to make
formal declaration of war by Turkey
inevitable. have affected grain morknts
much and stocks slightly. The progress
OF Mississippi floods does not chanpe tbe
price OF cotton, and settlement of the
more important labor difficulties has re-
vlved works suspended last week. The
temporary decrease in exports and large
increase in imports at New York o0S
per cent for the month, caused questions
ABOUT the financial future which have
iiot much influence as yet. The increase
III imports, S9,9OOOOO, or over Is per
cent = from last year, and ST., 100000. or
800 S@o;2 per cent, from February, if long
i Lun' may embarrass some
branches of business, but it hardly ex-
hausts balances remaining from The nm
precedented excess of merchandise ey-
ports, $323, 3S1 $40, in nine months end
ing with March. ehu-
- Inc wheat market, after its decline of
cents last week, was prepared to rise
with prospects of European war and
increased purchases for export, and has
risen SOL cents since last Friday. Ex-
ports Tor the week are very small, and
Ior TWO weeks but little greater than last
year, While corn exports continue over
three times last years, and for two
weeks were 6.O32,015 bushels. agoi imt
l,963, l03 bushels last year, the price nd.
vancing less than 1 cent. Western re.
celpts OF wheat are larger for the week
ana Tor two weeks are larger than last
year, and the government report indi-
Gates considerably larger Weld than
that of 1896, which was sufficient r.
meet an extraordinary demand. Cotton
mas scarcely changed during the week of
unprecedented floods, though this years
crop Will be materially diminished unless
wafer soon subsidies. But there are
numerous Nv indications that in other parts
OF the south large acreage is being
planted. The output of pig iron increases
though fifteen furnaces STONED in
March; and others with larger capacity
starred and the weekly production.
APP April ], was 1929 tons. against 169.,
5oo tons last year. While 20 per cent he
low the greatest ever known. the ont
put Is % per cent larger than October
i; and stocks sold increased scarcely any.
lnough the largest on record. The de-
nland Tor nails and wire continues heavy.
l.; - VI hiiSe transactions in the past
IN structural work, and nails are still
1air, while there is much doing in ma
schlnery for export to Russia, Japan and
south Africa. But steel billets are in
narrow demand, and Bessemer MIG il
lower, at $3.50 or less at Pittsburg. with
grey forge at $685. there. and only S575
at Birmingham. Delay in making con.
tracts for lake ore retards demand for
proGanctS, but hard ore has begun TO sell
at $40 for Chaplin. Tin plate makers
nave decided upon $3.50 for full weight
Bessemer, against $3.50 for foreign.
- Lea a. Is ~ unchanged at $685., and copper
a! all.oo. The great sale of $4,000
pieces OF cotton goods was considered
satisfactory at prices averaging but )
10 per cent below the current market.
ana better general demand is expected.
Urn urlnt cloth sells slowly, without change.
Woolen mills are doing little more
;!hough much machinery is idle and there
Is scarcely any buying of qualities re-
Gently advanced. Speculation in wool
Turns largely to foreign. and imports
OF o "a 42,ll4 bales the past week and 49,
40 the previous week. at Boston alone.
nave not prevented higher quotations for
me me better grades of domestics. Sales at
the three chief markets were 9,606,000
pounds.