The copper country evening news. [volume] (Calumet, Mich.) 18??-1907, 1897-04-27
AFFECTS THE MARKETS
Prospects Of a General Conflict
in Europe.
AMERICANS SCANNING THE FIELD.

Our Markets Much More FIighty Than
Those in Europe. Where the Possibilities
Have Been Discussed aud Partly Dis
counted for MOnths-Wheat Advances
and Holds Firm-Cotton Scarcely Az
fected-NO Improvement i'm Print Cloths.
New York. April 2s-R. G. Dun &
Co.'S Weekly Review Of Trade says:
II either Turkey or Greece had been
wholly buried in the sea. the markets
might have been affected less than by
the outbreak Of the war in Europe
Like FIRE in the heart Of a crowded
city, il has raised the question Of wheth-
eT q general confagration may spring
oct Of H. To this probability. and not
70 the direct influence Of either Turkey
OF Greece upon the worlds money or
produce markets. was due the excite
ment IN grain and stocks. As the un-
known is magnihed. the American mar
kets were much more Eighty than were
The European. where the possibilities
have been discussed and partly dis
counted for months. But the uncertain
~ remains. and viii affect the move
ment OF money and staples until IL dis |
@ttNl41 - NANdAAA-E q Aa4 AN4AldaAA AAA i
American products al higher prices, /
causing hasty speculative selling OF Sc
curities al times. but also more contin- |
uous buying by foreign investors. and 4
not improbsbly influencing the attitude /
Of foreign buyers on questions impor-
tant 10 this country.
Permanent Gain in Wheat.
Wheat rose cents from Thursday
20 NFruIoe- - - !
rise. Since Russia and the Danubian
states will be likely TO ship wheat
scantily, especial needs and much high
er prices being possible there, a larger
share Of the requirements OF western
Europe may naturally be drawn from
this country. and the chance OF war be-
tween great powers has the more infiu-
ence, because the supplies there are not
large. While the western receipts do
not yet Increase, and in three weeks
have been but 5.S4l. 00l bushels, against
5,sSS,l99 bushels last year. the Atlantic
exports have begun TO gain slightly. |
amounting TO ], 100. 329 bushels, -four in
cluded, against Loss, 764 bushels last
year, and for the three weeks have been
3. 5SS.170 bushels. against 3.453 679 BUSH
els last year The price Of corn has
scarcely advanced, though Atlantic ex-
ports were 41S9.146 bushels for the week
and for three weeks l0.22l, Isl bushels. !
against 1924. 123 bushels last year. AL '
ready the exports for the crop year G
have been 33000.000 bushels larger than J
the Atlantic exports of wheat and -four :
and may soon exceed the total exports a
Of wheat and -four from both coasts. :
Cotton Scarcely Affected. I
Cotton has been affected scarcely at g
all, though government estimates that i
the flood districts yielded about 500 00o /
bales, for increased acreage i'm other i
sections is generally reported The last ! a
week like others Of late. has witnessed o
the starting of operations by several
ron works. especially in black sheets e
Tor timing, and yet prices OF pig iron q
ana OF unfinished products are lower Il
he demand not yet equaling the sup q
ply. Bessemer pig has sold as low as f.
1905 q Piusburg and gray forge at ( A
5.50 in Birmingham. Steel bllets fell
o $l4.25 at Pittsburg and angles II L.. ! r,
ut Wire rods cannot be supplied fast t.
nough a $2l.75. Nails are strong. and H.
few more structural orders are pend
ng Eastern works also have orders
or $4,000 tons of STEEL rails. Complaint
nd proof that the demand for products in
5 deficient blind many 10 the fact that lie
he actual work in progress. largely on re
he heavy orders for beams. bIIets. pl
ails and sheet bars taken when the in
ool broke 10 is Of greater volume is
han for long time. Large sales II *
Upper are reported at 1llac. with a al
reduction Of 1928 tons in March. OF
No Improvement in Print Cloths. CIV
The end OF the stipulated curtailment
as been reached by some cotton mills.
nd nearly by all. and since the auction
ales some bleached goods have been
lightly advanced but actual buying -
oes not increase and print cloths do -
OF improve. The sales OF wool have -
zen largely a. foreign, the reports be- cl
lg swelled by arrivals OF quantities cl
I'D some time ago and imports at Bos- n;
N for the week were 81 900 bales For O.
Re three chief cities the sales were 90
,036 500 pounds in three weeks. 20.27l.- 81
% being foreign. against Il. 906 100 in Is
92, including 7.574,OOO foreign But s,
are doing scarcely any p
ling and orders for goods improve ~
lightly. for somewhat better grades of 7,
PODS. The failures for the week have
zen 2lS in the United States against 23s IS
st year and twenty-one in Canada, pa
yainst fCrty-fOur last year st
T,
Il