The Cape Girardeau Democrat. (Cape Girardeau, Mo.) 1876-1909, 1897-04-24
DuN's COMMERCIAL REVIEW.

h Undeclared War Between Greece and
Turkey Responsible for Business Change
1t Affects the Grain Markets Much and
stccss SlightIy-ComparatIve Statements
ot Exports and Improvisation and the
Great Flood.
NEW YORK. April 17.-R. G. Dun &
Co.. in their weekly review of trade to-
day say:
An undeclared war between Greece
and Turkey has been more responsible
than any other single cause for
changes in business this week. Actual
fighting, with facts which seem to
make 4 formal declaration of war by
Turkey inevitable, has 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 difficulties has revived works sus-
pended last week. The temporary de-
crease in exports and large increase in
imports-at New York Dos per cent. for
the month-caused questions about the
financial future which have not much
influence as yet. The increase in i'm
ports 50, 900, 600, or ove 100 per cent.
from last year, and SIT, 100. 900, or ESQ
per cent. from February, if long con-
tinued may embarrass some branches
of business, but can hardly exhaust
balances remaining from the unprece-
dented excess of merchandise exports,
1928. 3S1, 519 in nine months ending with
March.
The wheat market, after its declin e
of six cents last week, was prepared to
rise with prospects of European war
and increased purchases for export,
and has risen 4.37 cents since last FRI
day. Exports for the week are very
small, and for two weeks but little
greater than last year, while corn ex
ports continue over three times last
years, and for two weeks 6,O22,0 OILS
bushels against 1,963, 1913 last year, the
price advancing less than one per cent.
Western receipts of wheat are larger
for the week, and for two weeks as
large as last year, and the government
reports indicate a considerably larger
yield than that of 1896, which has
Sufficed to meet an extraordinary de-
mand.
Cotton has scarcely changed during
the week of unprecedented floods,
though this years crop will be mate
rally diminished unless the water
soon subsidies. But there are numer-
JUS indications in other parts of the
south of increased acreage.
The output of pig iron increases,
though Is furnaces stopped in March,
as others with larger capacity started,
and the weekly production April 1 vas
1929 tons, against 1863, 9S6 last year.
While 90 per cent. below the greatest
ever known, the output is so per cent.
larger than October l, and stocks I'M
sold increased scarcely any, though the
largest on record.
The demand for nails and wire on
tinues heavy and, in spite of large
transactions in the past, in agricul-
tural work and rails is still fair, while
there is much doing in machinery for
export to Russia, Japan and South
Africa. But bars and most other fin
ished products are in narrow demand
and bessemer pig is lower at Sc. 30 or
ess at Pittsburgh, with gray forge
SS.6 there and only S5.75 at Birming-
ham. Delay in making contracts for
Lake Erie retards demand for prod
ucts. but hard ore has begun to sell at
$40 for Chaplin. Tin plate makers
have agreed upon S.. so for full-weight
besscmer, against $500 for foreign.
Lead is unchanged at $3.50 and cop
per at liz. The great sale of $4,000
pieces of cotton goods was considered
satisfactory. as prices averaged but
> to g per cent. below the current mar
ket. and Il better general demand is
expected.
Print cloths sell slowly without
change. Wooden mills are doing a lit
tie more, though much machinery is
idle and there is scarcely any buy
ing of qualities recently advanced.
Speculation in wool turns largely to
foreign, and imports of STA bales
the past week. and 49, 46 the previous
week at Boston alone, have not pre-
vented higher quotations for the bet
ter grades of domestic. Sales at the
three chief markets were 9,60G, 900
pounds.
Failures for the week have been BOT
in the United States, against 222 last
year, and so in Canada against So last
year