The commonwealth. (Greenwood, Miss.) 1896-1923, 1897-04-29
THE STATE OF 4

Summary Of Business Conditions - In
dicxted by n. G.. Dun . Cos Weekly Re-
view -Business Failures for the Week,
Etc.
NEW York, April 24.--R. g. Dun &
Co.'S weekly review Of trade says:
If either Turkey OF Greece had been
wholly buried in the sea, markets
might have been affected less than by
the outbreak of war in Europe. Like
! fire in the heart of a crowded city 1t
raised the question whether q general
contlagrat!on may spring out OF 1t.
To this possibility and not to the direct
influence Of either Turkey or
Greece upon the worlds money
or produce markets was due the
excitement in grain and stocks.
AS the unknown is magnified, Ameri.
Ear markets were much more Eighty
than European, where the possibilities
have been discussed and partly dis
counted for months. But the uncer-
tainty remains and will affect the
movement OF money and staples until
it disappears, creating a largerdemand
for American products at higher
prices. causing hasty speculative selling
OF securities at times, but also more
continuous buying by foreign investors
and not improbably influencing the
attitude Of foreign powers on questions
important to this country.
Wheat rose six cents from Thursday
to Monday, and has retained most of
the rise. Since Russia and the Danu-
binn states will be likely to ship wheat
scantily, especial needs and much
higher prices being possible there. a
larger share of the requirements of
western Europe may naturally be
drawn from this country, and the
chance of a wal between the great
powers has the more influence, be-
cause supplies there are not large.
While western receipts do not yet in
crease, and in three weeks have been
but 5,6i1 ,001, against5 j, 93S, 1879 last year,
Atlantic exports begin to gain slightly,
amounting to 1,19O, 500 bushels. -four
included, against LOSS, 1914 last year,
and for three weeks have been $685.
10 bushels, against 3,453, orc last year.
But the great increase is in corn, on
which the price has scarcely advanced,
though Atlantic exports were 4, ls9, 1A6
bushels, against a,Ga4, 1872 last year.
Already the exports for the crop year
have been $1,000, 900 bushels larger
than Atlantic exports OF wheat and
-four, and may soon exceed the total
exports Of wheat and flour from both
coasts.
Cotton has been affected scarcely at
all, though government estimates that
the food districts yielded nearly $780,
600 bales, for increased acreage in other
sections is generally reported.
The past week, like others OF late,
has witnessed the starting of opera
tions by several iron works, especially
in black sheets for Timing, and yet
prices of iron and unfinished products
are lower, demand not yet equalling
thesupply. Bessemer pig has sold as
low as $9.05 at Pittsburgh and gray
forge at $3.50 in Birmingham. Steel
bilets fell to s14.25 at Pittsburgh and
angles to l cent, but wire rods cannot
be supplied fast enough at S21.75.
Nails are strong, and a few more
structural orders are pending. East
erD works also have orders for {, 1000
tors of steel rails.
Complaint and proof that the de-
mand for the products is deficient,
blinds many to the fact that the actual
worls. in progress, largely the heavy
orders for beams, billets, rails 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
Tx cents, with production 1928
tors in March. The end of stipulated
has been reached by some
cotton mills, and nearly by all, and
the auction sales some Bile ached
goods have been slightly advanced, but
buying does not increase and
print cloths do not improve.
Sales of wool have been largely of
reports being swelled by ar
of quantities sold some time ago
and imports at Boston for the week
were 81, 600 bales. For the three chief
sales were "a, 038, 500 pounds in
weeks, . 0.271, 800 being foreign,
1896, 100 in 1892, including
$, bii, 600 foreign. But manufacturers
afd doing scarcely anything, and or
for goods improve very little,
for somewhat better grades.
Failures for the week have been BIS
IN the United States, against 23s last
pctr, and 81 in Canada, against "A last
Inlr.