The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1897-04-24
WEEKLY TRADE REVIEWS.
Dun's and Bradstrect's Reports on
the Condition of Trade.
INFLUENCE OF GREC0.1URKlSH WAR.
Heavy Advance in the Price Of
Wheat-Cotton and Cotton Goods
unimproved-Ea

New York. April 23,-R, q. Dun " Co.'S
weekly review of trade tomorrow Will say,
If either Greece or Turkey 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 tho
heart of n crowded city. II raised the uues-
ton If Il general CONFEDERATION may spring
out of 1t. To this possibility and not 10
the direct influence of either Turkey or
ureeoc upon the worlds money or produce
markets was due the excitement in grain
aud stocks. AS the unknown 10 magui-
Ned. American markets We're much moro
highly than European markets. where tho
possibilities have been discussed and partly
discounted for months. Hut the unccr-
tainly remains and Will atiect movement of
money and staples until II disappears, cre-
ating larger demand for American prod
ucts at higher prices. causing hasty spceu-
latiNe selling OF securities at times. but
also more cSytinuous buying 10y foreign IN
vestors and not improbably influencing the
attitude OF foreign powers on aues tons i'm
portant to this country.
Wheat rose q cents from Thursday TO
Monday ana has retained most OF the rise
Since Russia and the Danubian States Will
be likely ~ ship wheat sCantIly, special
needs and much higher prices being posi-
bic there. share OF the requirements of
Western Europe is naturally drawn from
this country and this chance of war be-
tween the great powers has been influ1
encing because supplies held are not large.
While Western receipts do not nelp in
crease and the three weeks have been but
5,6il 900 bushels against o.9SS, 1919 last year,
Atlantic exports begin TO gain slightly.
amounting to I.l9G.329 bushels, flour In
cudcd. against l.0s5,7d4 last year, and for
three weeks have been 3.5Ss.l.0 bushels,
against S,4536Ig last year, But the great
increase is still In corn. of which the price
has scarcely advanced. though Atlantic ex-
ports were 4.iSg.l46 bulhels for the week.
and for three weeks 1927, l5l bushels.
against 1924. 1872 last year. Already tho OK
ports for the crop year have been $4,000
bushels larger than Atlantic exports OF
wheat and flour and may soon exceed the
total exports of wheat and flour from both
coasts.
Cotton has been affected scarcely at all.
though the government estimated that tho
flooded district yield was nearly 100000
bales
Tho past week. like those OF late. has
Witnessed tho starting of operations by sew
eral iron works. especially in black sheets
for timing. and yet prices for pig iron and
unfinished products are lower. the demand
not yet oqualng the supply. Bessemor pig
has sold as low as s9.05 at Pittsburg and
Gray Forge at $3.50 in Birmingham. Steel
pllltlN ltll ~ Slfsp' az - libNbhlb anu an
giles to | cent. but wire rods can not be
supplied fast enough ut S2l.75. Rails are
strong and few more structural orders
are pcndira Eastern works also have
orders for 15 900 tons of steel rails Com
plant of the demand for products blinds
many to the fact that the actual work is
IN progress, largely on the heavy crdcrs
for beams. bllets. rails and business in
sheet bars on orders taken when the pools
broke up is OF greater volume than for n
long time. arge sales OF copper are re-
ported at s11.5o. with production OF 1888
| tons in March.
The end of the stipulated curtailment has
been reached by some cotton mills and by
nearly NIL. md since the auction sale somo
blcached goods have been slightly adj
vanced. but actual buying does not In
crease and print cloths do not improve.
Sales of wool have been largely foreign.
reports being swelled by arrivals OF nuan-
titles sold some time ago and imports at
Boston for the week were $4,000 bales. For
tho three chief cities the snles were "a
G3G,SO0 pounds in three weeks. 2O21l 800
Being foreign. against II SOC ion in 1892,
Including 7.5ii,0O0 foreign. But manufar
turers arc doing scarcely anything aud
orders for goods improve very little though
for somewhat better grades OF goods
Failures have been 2lS I'm the United
States this week against 22S last year. and
q in Canada. against A last year.