The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1897-04-17
TREND OF TRADE.

No backward Movo--ERset OF the Greco.
Tarkish situations Conditions FaVsT-
able.
NEW YORK, April i6.-R. C. Dun &
Co.'S weekly review of trade tomorrow
will say:
An undeclared war between Greece
and Turkey has been more responsible
than any other single cause for the
changes in business this week. Actu-
ai fighting, with facts which seem TO
make a formal declaration OF war BY
Turkey inevitable. have effected grain
markets much and stocks slightly. The
progress Of Mississippi floods does not
change the price OF cotton, and settlc'
mcnt Of the more important labor dlfii.
cultIes have revived works suspended
last week. The temporary decrease In
exports and large increase in Imports
at New York. COS per cent Tor the
month, caused questions about the n
nanclal future which have not much ln-
fiuencc as yet. The increase In imports.
s., 900, ,O0O,. or over IL per cent from last
years. and H7,lQ0,0Q0, or 2S,9 per cent.
from February, II long continued may
embarrass some branches OF business
but can hardly eXhnC0t balances re-
maInlng from the unprecedented excess
of merchandise exports, SS21, ,sSl,5l9 IN
the nine months ending with March.
The wheat market, after decline OF
cents last week. was prepared TO rise
with prospects OF European war ana
Increased purchases for export, and has
risen I.37 cents since last Friday. eX>
ports for the week being very small,
and for two weeks but little greater
than last year. while corn exports con-
tinue over three times more than last
years and for two weeks G,O3e,0l5 bush
els, against 1861 ,l9S last year, the price
advancing less than / cent. western
receipts OF wheat are larger Tor the week
and for two weeks as large as last year
and the government reports inuleate a q
considerably larger Yield than that or
last year. which has sufiiced TO meet
| an extraordinary demand.
Cotton has scarcely changed during
| the week OF unprecedented Hoods,
though this years. crop Will be mnteTi-
| ally diminished unless the water soon
subsidies. But there arc numerous In
dications that In other parts OF the
south q large Increase OF acreage Will
be planted. The output OF pig Iron In
Creases, though 10 furnaces stopped IN
March, as others with larger capacity
started, and the weekly production on
April was lT3,2T9 tons, against l6g gs5
| last year. While 20 per cent below the
greatest ever known, the output Is %
per cent larger than october l and
stocks unsold increased scarcely any.
though the largest on record. The de-
mRnd for nails and wire continues
! heavy and In spite Of large transactions
| in baat in structural work and rails, is
stIll fair. while there iB much doing In
| machinery for export 10 Russia, Japan
and South Africa But bars are IN mar
row demand and Bcsscmer plg Is lower
ut 80 30 or less In Pittsburgh, with grey
forge IS 65 there and only So 10 at Bir-
mInghnm. Delay IN making contracts
for lake ore retards demand for pro-
ducts, but hard ore has begun to sell
at 81 40 for Chaplin.
Tin plate makers have agreed upon
81 50 for full weight Bessmber. against
| SO 30 for foreign. Lead Is unchanged
ut 50 S5 and copper at llizc
The great sale OF 1900 pieces OF cot
ton goods was considered satisfactory,
ms prices averaged but 8 to per cent
below the current market and better
general demand Is expected. Print
cloths sell slowly without change. Wool
en- mills arc doing little more, though
much machinery is idle. and there is
scarcely amy buying OF qualities re-
Gently advanced.
Speculation in wool turns largely TO
foreign, and imports Of 45,lll bales the
past week and 1920 the previous week.
at Boston alone, have not prevented
higher quotations for the better grades
of domestic. Sales at the three chief
markets were $500, 900 pounds.
Failures for the week have been 207
in the United States against 90 last
yenr and 20 in Canada against 81 last
year.