Birmingham state herald., 1897-04-24
WEEKLY REVIEW OF TRADE Uncertainty Caused Eighty
 Movement of Stocks. WHEAT REMAINS STEADY At the Advanced Price of Six Days Ago-More Iron Industries Fire Up-Stee and Pig
 Quoted Lower-Failures.

New York, April 23.-R. G. Dun tS Co.'S weekly review of trade tomorrow will say: If either Turkey or Greece had bsen wholly burisd in the saa mar kets might have been affected less than by the outbreak of war ia Europe. Like fire in the heart o a crowded city, it raised the question if a general contia- grafton may spring cut of it. To this possibility and not to the direct influ- ence of either Turkey or Greece upon the worlds nancy or produce markets was due the excitement in grain and stocks. As the uncertainty magaified, American markets were much more llighty than European where the possibilities have bsen discussed and partly discounted for months. But, the uncertainty re- mains and will affect the movement Of money and staples until it disappears, creating a large demand for American products at higher prices, causing hasty speculative selling of securities at times, but also more continuous buying by for eign investors and not improbably in- fuencing the attitude of foreign powers on questions important to this country.
 Wheat rose 6 cents from Thursday to Monday and has retained most of the rise Since Russia and the Danubian states will be likely to ship wheat scant- fly, especial needs and muck higher BOsslple of the requirements of western Europe may naturally be drawn from this coun- try, and the chance of war between the great powers has the more influence be- cause supplies held are not largs. While western receipts do not yet increase and in three weeks have bsen but 5,644OO bushels, against 5,933,199 last year, At lantic exports b2gin to gain slightly, amounting to 1,190,329 bushels, flour in- cluded, against 1,644,000 last year, and for three weeks have been 35sS,710 bush els, against 3453679 last year. Corn in crease is great, in which the price has scarcely advanced, trough Atlantic ex- ports were 4,1S9,156 bushels for the tNsek and for thres, weeks 10.221, 151 bushels, against 2,624, 732 last year. Atlantic ex- ports for the crop year have been 33,- 100000 bushels larger than Atlantic eX- ports of wheat and flour, and may soon exceed the total experts of wheat and flour from both coasts.
 Gotten has been affected scarcely at all, though government estimates that the flood districts yielded nearly 500,O0O bales for increase acreage in other ssc- tons is generally reported.
 The past week. like others of late, has Witnessed the starting of operations by several iron works, especially In b1ack sheets for timing and yet prices of pig iron and unfinished products are lower, demand not yet equalling the supply. BaSsenTsr pig has sold as low as $905 at PittSburg and Grey Forge at $5.50 in Birmingham Steel billets fall to $14.25 at. Pittsburg and angles to 1 cent, but wire rods cannot be supplied fast enough at $2175. Nails are strong and a few more structural orders ard pending. Eastern works also have orders for 15000 tons of steel rails. Complaint and poor demand for products is deficient blinds many to the fact that the actual work in progress, largely on the heavy orders fcT beams, billets, raiss and sheet bars, taken when the pools broke up, is of greater volume than for a long time Large sales of copper are reported at 1114c, with production 1S,2S3 tons in March.
 The end of stipulated curtsilment has been reached by some cotton mills and nearly by all, and since the auction sales some bleached goods have bean slightly adyanced, but actual selling does not in- scrfase and print cloths do not improve. Sales of wool have been largely of for eign, reports being swelled by arrivals of quantities sold some time ago, and imports al Boston for the week were 32 600 bales For the three chief cities sales were 34, 4,036,S0d pounds in three weeks, 20,271 ,000 pounds being foreign, against 19, ,960,100 in 1892, including 7,776,- 900 foreign. But manufacturers are do- ing scarcely anything and orders for goods improve very little, though for Somewhat better grades of goods.
 Failures for the week haVs been 218 in the United States, against 23S last year, and 21 in Canada, against A last year.