Iron County register. [volume] (Ironton, Iron County, Mo.) 1867-1965, 1897-04-22
ouN.s COMMERCIAL REvIEw.


The Undeclared War Between Greece and
Turkey Responsible for Business Changes
1t AnectI the Grain Markets Much and
Stocks Slightly-COmparative Statement
OF Exports and Imports-Cotton and the
Great Flood.
NEW YORK, April 17.-R G. Dun s
Co.. in their weekly review of trade to-
daS say:
An undeclared war between Greece
and Turkey has been more responsible
than any other single cause for
changes in business this week. Actual
fighting, with facts which seem to
make formal declaration of war by
Turkey inevitable, has affected grain
markets much and stocks slightly.
The progress of the Mississippi floods
does not change the price of cotton,
and settlement of the more important
labor difficulties has revived works sus-
pended last week. The temporary de-
crease in exports and large increase in
lmports-at New York 20.S per cent. for
the month-caused questions about the
financial future which have not much
influence as yet. The increase in inn
ports $4,000, 900, or over 100 per cent.
from last year, and ST, 100, 900, or 2S. 9
per cent. from February, if long con-
tinued may embarrass some branches
of business, but can hardly exhaust
balances remaining from the unprece-
denied excess of merchandise exports,
1923, 3S1, 519 in nine months ending with
March.
The wheat market, after its declin e
of six cents last week, was prepared to
Of
and increased purchases for export,
and has risen 4.37 cents since last Fri
day. Exports for the week are very
small, and for two weeks but little
greater than last year, while corn ex-
ports continue over three times last
years, and for two weeks 6,022, OILS
bushels against 1,963, 1913 last year, the
price advancing less than one per cent.
Western receipts of wheat are larger
for the week, and for two weeks as
large as last year, and the government
reports indicate considerably larger
yield than that of 1896, which has
suficed to meet an extraordinary de-
mand.
Cotton has scarcely changed during
the week of unprecedented floods,
y
rally diminished unless the water
soon subsidies. But there are numer-
GUS indications in other parts of the
south of increased acreage.
The output of pig iron increases,
though Is furnaces stopped in March,
as others with larger capacity started,
and the weekly production April was
1929 tons, against 169,9S6 last year.
While 20 per cent. below the greatest
ever known, the output is so per cent.
larger than October l, and stocks I'M
sold increased scarcely any, though the
largest on record.
The demand for nails and wire con.
tinues heavy and, in spite of large
transactions in the past, in agricul-
tural work and rails is still fair, while
there is much doing in machinery for
export to Russia, Japan and South
Africa. But bars and most other I'm
ished products are in narrow demand
and bessemer pig is lower at 1920 or
ess at Pittsburgh, with gray forge
$500 there and only 1878 at Birming-
ham. Delay in making contracts for
Lake Erie retards demand for prod
ucts, but hard ore has begun to sell at
$40 for Chaplin. Tin plate makers
have agreed upon So. SO for full-weight
bessemer, against $500 for foreign.
Lead is unchanged at $685. and cop
per at 115z. The great sale of 10000
pieces of cotton goods was considered
satisfactory, as prices averaged but
to per cent. below the current mar
ket, and better general demand is
expected.
Print cloths sell slowly without
change. Wooden mills are doing a lit
tie more, though much machinery is
idle and there is scarcely any buy
ing of qualities recently advanced.
Speculation in wool turns largely to
foreign, and imports of 1914 bales
the past week, and 15,246 the previous
week at Boston alone, have not pre-
vented higher quotations for the bet
ter grades of domestic. Sales at the
three chief markets were 100000
pounds.
Failures for the week have been 207
in the United States, against 222 last
year, and 80 in Canada against SO last
wear