The morning news. [volume] (Savannah, Ga.) 1887-1900, 1897-04-17
coFECE's RAID BOOSTS GRAIN.
.,uu,T UP OVER FOUR CENTS
SINCE LAST FRIDAY.

r,norts ThribIe Those of Last Year
mt Exports of wheat Light-out-
not of Pig Iron Increasing-COttOn
coods outlook Favorable.
~ York, April 16.-R. G. Dun & Co S
-...,y review of trade tomorrow will
~, IAN undeclared war between Greece
ana turkey has been responsible more
tbsn any other single cause for the chan
% in business this week. Actual fighting
Nth facts which seem TO make a formal
as5aration of war by Turkey inevitable,
hare 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
dficulties has revived work suspended
list week.
THE temporary decrease in exports and
large increase in imports, at New York
50 per cent for the month, caused ques-
tons about the financial future which
have not much influence as yet.
AN increase in imports $9,9OO,OO0, or
over 10 per cent. from last year, and $l7.-
".
long continued may embarrass some
branches of business, but can hardly ex-
haust balances remaining from the UMPIRE
cidcnted excess of merchandise exports.
1928, 881 $40 in the nine months ending with
March.
The wheat market, after its decline of
cents last week, was prepared to rise
of
increased purchases for export, and has
risen 4.37 cents since last Friday. The
exports for the week are very small and
for two weeks but little greater than last
year, while corn exports continue over
three times last years, and for two
weeks 6032 obs bushels against 1 1868. 1893 last
year. The price advanced less than
cent Western receipts of wheat are
larger for the week, and for two weeks
large as last year. and the government
reports Indicate a considera bly, larger
yield than that of 1896, which has sufficed
to meet an extraordinary demand.
Cotton has scarcely changed during
the week of unprecedented floods, though
this years crop will be materially dimin-
ished unless the water soon subsidies But
there are numerous indications that in
other parts of the south a large acreage is
being 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
1929 TONS against 9S6 last year While
y per cent. below the great
est ever known the output is
So per cent. larger than Oct. l,
and stocks unsold increased scarcely any.
though the. largest on record The de-
mand for nails and wire continues heavy.
n of tn, H.
past in structural work and rails is still
fair while there is much doing in ma
chinery for export to Russia, Japan and
South Africa.
But bars and most other finished pro-
ducts are in narrow demand, and Besse-
mer pig is lower at $3.50 or less at Pitts
burg, with grey forge $3.50 there and only
S575 at Birmingham. Delay IN making
contracts for lake ore retards the demand
for products. but hard ore has begun to
sell at $2.4O for Chaplin. Tin plate makers
have agreed upon $3.50 for full weight
Bessemer against $3.50 for foreign. Lead
is unchanged at S.35 cents and copper at
III.
The great sale Of 1900 pieces of cot
ton goods was considered satisfacto tory as
prices averaged but 5 to per cent. below
the current market, and very general
demand is expected. Print cloths sci.
owly without change. Wooden mills are
doing little more, though much machin-
cry is idle and there Is scarcely any buy
ing of qualities recently advanced. Spec
uIation in wool turns largely to foreign,
and imports of 45,114 bales the past week
and 1925 the previous week at Boston
alone. have not prevented higher quota
tons for the better grades Of domestic.
Sales at the three chief markets are g.
606.600 pounds
Failures for the week have been 207 in
the United States against 222 last year, and
30 in Canada against 36 last year"
New York. April 16.-Bradstreets to-
morrow will say: The most conspicuous
Improvement in trade conditions this week
is in the weather throughout the central
western and northwestern states where
country roadways are more passable.
There is a better demand for building
materials, particularly lumber.
In staples lines there is more active
request at Portland Ore, Minneapolis,
Mimi; and St. Paul. Mimi; Kansas City,
Mo-, and Atlanta, Ga, pointing to irregu-
larity of the tendency to recover Jobbers
at Chicago, St. Louis, Omaha. Cincinnati
and Chattanooga report trade slow, or
that the demand is decreased. There is no
sign of trade revival in the flooded regions,
where the danger point has moved south
ward. If the water recedes by May Is, one
nan OF the usual cotton crop may be rails
ell in Arkansas and Mississippi, this year,
but the outlook is not promising.
THE demand for dry goods is slow and
some manufacturers remain at work with
out profits, as the lesser of two evils.
''The demand for wool is checked but
makers of wool are as active as before.
Shoe manufacturers are working full time.
Iron and steel continue disappointing, with
lower prices for Bessemer pig and for bill
let's, few,if any,new orders, and a tendency
60 weakness rather than the reverse.
"a reverse movement is noted in the
prices for staples. those for wheat Hour,
wheat, Indian corn, pork, lard coffee,
cotton and woolens having advanced.
Lower quotations are reported for sugar,
petroleum and naval stores, in addition
TO iron and steel
Exports Of wheat (hour included as
wheaD include one day less this week than
usual. The total from both coasts and
from St. John, N. b., Is 1874, 600 bushels
for FIVE days. compared with 100000 bush
e.s in six days Of the preceding week, O.
0l7O00 bushels IN the week a year ago, g.
$4,000 bushels two years ago, 8,0l9, 600
bushels three years ago, and as compared
with $4,000 bushels In the like week Of
1898.