The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1897-04-24
Is Reported by r. G. Dun & Co.
For Wheat and Corn.
Caused by the War FURRY in
European Circles.
COTTON UNAFFECTED
Outlook FaYOrs Increase in La
Dor Disturbance,
Says acknowledgements in
Iron Continues.

New York, April PAR. G. Dun & Co.'S
weekly review of trade says:
If either Turkey or Greece had been
wholly buried in the sea, markets might
have been affected less than by the out
break of war in Europe Like fire in the
heart of a crowded city it raised the
question whether a general conf1agration
may come from it. To this possibility
and not 20 the direct influence of either
Turkey or Greece, upon the worlds mon
ey or produce markets was due the excite
ment in grain and stocks.
AS the unknown is magnifed, Ameri-
can markets were much more flighty than
European where the possibilities have
been destroyed and partly discounted for
months. The uncertainty aims and
will after the movement of money and
staples until 1t disappears, creating
larger demand for many products, caus-
ing hasty speculative selling of securities
at times, but also more continuous buy
ing by foreign investors and not lnprob-
ably influencing the attitude of foreign
country. Wheat rose cents from Thurs
day to Monday, and has retained most or
the rise Since Russia and the Danub1an
states will be likely to ship wheat scan
tily, especial needs and much higher
OF the fequ!reLnents OF western Europe
may naturally be drawn from this cOun-
ny ana the chance OF war psJween i f
cause supplies there are not large
While western receipts do not increase
and in three weeks have been but 5,64l, OUl
bushels, against $50 ,199 last year, Allan
tic exports begin to gain slightly, amount
ing to 1.190 329 bushels flour included
against 1,O85 764 last year. and for three
weeks have been 1856, 40 bushels, against
in corn, on which the price has scarcely
advanced though Atlantic exports were
4.189,146 bushels for the week and for
three weeks 10, 221, Isl bushels, against g.
264, 1872 last year.
Already the exports for the crop year
have been $1,000 900 bushels larger than
Atlantic exports of wheat and flour, and
NAV soon exceed the total exports of
ar
has been affected scarcely at all.
The past week, like others of late, has
several iron works, and especially in
black sheets for timing and yet prices
of pig iron and unfinished products are
lower demand not yet equalling the sup
ply. Bessemer pig has sold as low as
in Birmingham. Steel billets fell to S14.25
at Ptttsburg and angles to lie, but wire
rods can not be supplied fast enough at
$21 70. Nails are strong and p few more
structural orders are pending. Eastern
works also have orders for $4,000 tons of
steel rails.
Complaint and proof that the demand
to the fact that the actual work in pro-
gress largely on the heavy orders for
beams, billets. rails and sheet bars taken
when the pools broke up, is of greater
volume than for long time. Large sales
duction of 1928 tons in March. The. end
of the stipulated curtailment has been
reached by some cotton mills and since
the auction sales some bleached goods
have been slightly advanced, but actual
buying does not increase 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 i'm
ports at Boston for the week were % 900
bales For the three chief cities sales
were 34.O36 500 pounds in three weeks, 20
271. 300 being foreign, against Is, 9O6, 100 in
1892 including 1874 900 foreign. but manu-
facturers are doing scarcely anything :-1d
orders for goods improve very little.
though for somewhat better grades of
goods.
Failures for the week have been 21s in
the United States against 239 last year,
and q in Canada against A last year.
ADETP EE7TC