Birmingham state herald., 1897-04-17
WEEKLY REVIEW 0F TRADE Undeclared War Between Greece and Turkey RESPONSIBLE FOR CHANGES While the Floods Do Not Affect eotton-Bar
 Iron in Narrow Demand .
 ures for the Week.

New York, April 16.-R. G. Dun & Go. s weekly review of trade tomorrow will say:
 An undeclared war between Greece and Turkey has been responsible more man any other single cause for the chage in business this week. Actual fight Ing with the facts which seem to make Formal declaration of war by Turkey inevitable have affected grain markets much and stocks slightly. The progress or the Mississippi flood does not change The price of cotton and settlement of the more important labor difficulties has re- yived works suspended last week. The temporary decrease in exports and large increase In imports at New York, POS per cent for the month, caused questions aDout financial future which have not much Influence as yet. Increase in i'm ports, ss,soo,o00, or over Is per cent from last year, and $17, ,500,0 ,000 or 28.9 per cent From February, if long continued, may emparrass some branches of business, put can hardly exhaust balances remain, Ing rom the unprecedented excess of mercnandiss exports. S323, ,5S9 in nine months ending with March.
 The wheat market, after its decline of 6scents last week was prepared with pros pects Of European war and increased purchases for export and has risen 437 cents since last Friday. Exports for the week but little greater than last year, While corn exports continue over three times last years and for th= two weeks 6,032,015 bushels against 1 963, ,l93 last year. The price advanced less than one cent Western receipts of wheat are larger for the week and for two weeks as large as last year, and the government re- ports indicate a considerably larger yield than that of 1896, which has sufficed to nrdi In
 Cotton has scarcely changed during the week of unprecedented floods though this years crop will be materially di- unfinished unless the water soon sub sides. But there are numerous indications that in other parts of the south a large acrsage is b+ing planted.
 The output of pig iron increases though fifteen furnaces stopped in March, but others with larger capacity started and the weekly production April was 172, 139 tons against 1699S6 last year. While 20 per c=nt below the greatest ever known the output is 50 per cent larger than October 1, and stocks unsold increased scarcely any though the largest on re- cord.
 The demand for nails and wire con- stinuss heavy andsin spite of ths large transactions in the past in structural works 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 finished products are in narrow demand and Bessemer pig is lower at $990 or less at Pitsburg. with Cry Forge $S.65 thsre and only $5.75 at Birmingham. Delay in making contracts for lake ore retards demand for products, but hard ore has begun to sell at $240 for Chapin. Tin plate makers have agreed upon $3.50 for full weight Bessemer against $S.90 for foreign. Lsad is un- changed at 9.35 cents and copper at 1b.
 The great sale of 19.010 pieces of cot ton goods was considered satisfactory as prices averaged but to & per cent b. low the current market and better gfneral demand is expscted Print cloths sell slowly without change. Woolen mills are doing a little more. though much machinery is idle and therA is scarcely any buying of qualitiss recently advised. Speculation in wool turns lsreely to for eign and imnorts of A150 balas the past Tranls and 946 the previous week at Boston alon- have not prevented high r ou0ta tions for the better grades of do- fnestic.
 Failuree for tho week have been POT fin the TTr'tod States eeainst 222 last wear and thirty in Canada against thir- sty-siX last year.