The Austin weekly statesman. (Austin, Tex.) 1883-1898, 1897-04-29
Dun & Co.'s Review.

New York, April PR. G. Dun &
Co.'S weekly review tomorrow will say:
If either Turkey or Greco had been
wholly buried in the sea, markets might
have been affected less than by the out
break of war in Europe. Like fire in
the heart of crowded city it raised the
question if a general confagration may
spring out of it. 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, American stocks
were much more Eighty than European,
where the possibilities have been dis
cussed and partly discounted for months
But the uncertainty remains and will af-
feet the movement of money and staples
till it disappears, creating a larger de-
mand for American products at higher
prices, causing hasty. speculative selling
of securities at times, but also more con-
tinuous buying by foreign investors and
not improbably influencing the attitude
Of foreign powers on questions important
to this country.
Wheat rose @ cents from Thursday to
Monday and has retained most of the
rise. Since Russia and the Danubian
states will be likely to ship wheat scant-
lily, especial needs and much higher
prices being possible there, larger share
of the requirements of western Europe
is naturally drawn from this country and
the chance of war between the great
powers has been influencing. because sup
plies held are not large. While western
weeks have been but 5,641, 900 bushels
against 1908, 100 bushels last year.. At
lantic exports begin to gain slightly,
amounting to 1,19O,329 bushels, -four in
cluded, against 1,0S5,764 bushels last
year and for three weeks have been
3.58S. ITO bushels against 3,453,679 bush
els last year. But the great increase is
still in corn, of which the price has
scarcely advanced, although Atlantic ex-
ports were 4,189, 146 bushels for the week
and for three weeks 1929, 151 bushels
ready the exports for the crop year have
been 10000 bushels larger than Atlantic
exports of wheat and -four and may soon
exceed the total exports of wheat and
-four from both coasts.
Cotton has been affected scarcely at
all, though government estimates that
the flooded districts yield was nearly 5OO,--
900 bales The past week. like those OF
late, has witnessed starting OF operations
bv several iron works. especially in black
sheets for timing, and yet prices for pig
iron and unfinished products are lower,
demand not eqnalling the supply. Bes,-
semer pig has sold as low as so. % at
Pittsburg and grey forge Mt $3.50 at Biz
mingham Steel billets fell to S14.5O at
Pittsburg and angles TO cent, but WIRE
rods can not be supplied fast enough at
$21.75. Nails are strong and few more
structural orders are pending. Eastern
works also have orders for $4,000 tons of
steel rails. The demand for the products
blinds many to the fact that the actual
work is in progress, largely on the heavy
orders for beams, billets, rails and sheet
bars taken when the pool broke up, is
of greater volue than for a long time.
Large sales of copper are reported at
$11.50, with production Of 1898 tons IN
March. The end of stipulated curtail-
ment has been reached by some cotton
mills and by nearly all and sincefthe auc-