The true northerner. [volume] (Paw Paw, Mich.) 1855-1920, 1897-04-21
BUSINESS OUTLOOK.
Grain and Cotton Markets Affected
by Floods and War.
Big Increase I'm Imports Report
ed should Ii Continue some
branches Of Trade May Ex-
perience Embarrassment.

New York, April 17.-R. G. Dub &
Co., in their weekly review OF trade.
say:
IAN undeclared war between Greece and
Turkey has been more responsible than any
other single cause for the changes In BUSH
ness this week Actual fighting. with facts
which seem to make formal declaration
OF war by Turkey inevitable. have affected
grain markets much and stocks shSnuy.
The progress of Mississippi floods does not
change the price OF cotton. ana settle
ment OF the more important labor difficult
ties has revived works suspended last
week.
Increased Imports.
1.-THE temporary decrease In exports and
large increase in imports AT New YORK
cos per cent for the month"; caused cues
tions about the financial future wnlch nave
not much influence as yet. The increase
in imports go 900, 900. or over 10 PERCENT.
from last year, and 81. 100000, or 20 f2er
cent from February. II long conthn|ed.
may embarrass some branches OF business.
but can hardly exhaust balances remain
ing from the unprecedented excess or mer-
chandise exports, 1925. 3S1 .5l9 in nine months
ending with March.
Wheat, Corn and Cotton.
1.-THE wheat market after its decline OF
cents last week, was prepared 10 rise
with prospects of European war ana IN
creased purchases for export, and has risen
4.37 cents since last Friday. Exports for
the week are very small, and Tor TWO weeks
but little greater than last year, while
corn exports continue over three times
those OF last years. for two weeks 6,OS2Ol6
bushels, against 1868, 1873 last year. the price
advancing less than i cent western re-
ceipts of wheat are larger for the week,
and for two weeks as large as last year,
and the government report indicates a con-
siderably larger yield than that of 1896,
which has sufficed 10 meet an extraor-
binary demand Coaon has scarcely
changed during the week OF unprecedented
floods, though this years crop Will be ma
terially diminished unless the water soon
subsidies. But there are numerous indi-
cations that In other parts or the south
a large acreage is being planted. the
great sale OF $1,000 pieces OF cotton goods
was considered satisfactory, as prices av-
eraged but to s per cent. below the cur
rent market and a better general demand
is expected. Print cloths sell slowly. with
out change. Wooden mills are doing lit
tie more though much machinery is idle
and there is scarcely any buying OF quail
ties recently advanced.
Failures for the week have been M
in the United States. against 222 last year.
and 80 in Canada, against SO last year.
Brndstrect's Review.
Bradstreet's says:
1.-The most conspicuous Improvement in
trade conditions this week is in the weather
western states, where country roadways
are more passable. There is better de-
mand for building materials, particularly
lumber. In staple lines there is a more
active request at Portland, Ore, Minneap-
oils, Mimi, and st. Paul, Mimi, Kansas
City, Mo-, and Atlanta, Ca, pointing TO
irregularity of the tendency TO recover.
Jobbers at Chicago. st. Louis, Omaha, Gin
cinnati and Chattanooga report trade slow,
or that demand is decreased. There is no
sign of trade revival In the flooded regions,
where the danger point has moved south
ward If the water recedes by May 10
one-half of the usual cotton crop may be
raised In Arkansas and Mississippi this
year. but the outlook is not promising.
Clearing House Exchanges.
1.-THE exchanges at the leading clearing
houses in the United States during the
week aggregated 1886, 264,17O, against ST.
Ole, 093 321 the previous week. The decrease
compared with the corresponding week
of 1896 was 80"