The star. (Reynoldsville, Pa.) 1892-1946, 1897-04-28
AFFECTED BY THE WAR.
The Markets Throughout the World Badly
Frightened

II. g. Dun h Co.'S, weekly review OF trade
says: If either Turkey or Greece had been
wholly buried in the sea, markets might have
been affected lees than by the outbreak of
war In Europe. Like ilre in the heart Of II
crowded city, II raised the question II u
general connagration may spring out Of it,
To this possibility. and not to the direct in
iluence OF either Turkey or Greece upon the
worlds money or produce markets, was due
the excitement In grain and stocks. As
the unknown is mngnilled, American mar
kets were much more ilighty than European,
where the possibilities haye been discussed
and partly discounted for months. but the
uncertainty remains and will affect move
ments OF money and staples until 1t dis
appears. creating larger demand for
American products at higher prices. causing
hasty speculative selling OF securities at
times, but also more continuous buying by
foreign investors and not improbable in-
fluencng the attitude Of foreign powers on
questions important TO this country.
Wheat rose cents from Thursday to Non
day and Las retained most of the rise. Since
Russia and the Dnnubian states will be likely
to ship wheat scantily, especial needs und
much higher prices being possible there
larger share OF the requirements OF Western
Europe may naturally be drawn from this
country, and n chance Of war between great
powers have more influence because supplies
held nre not large.
Cotton has been scarcely affected at all,
though government estimates that the flood
ed districts yielded nearly 500, 900 bales for
increased acreage in other sections Is gcner-
ally reported.
The past week. like others OF late, has wit
messed the starting of operations 10y several
iron works. especially in blnck sheets for tin
ming, and yet prices for rig iron and uuiln-
isheu products are lower. demand not vet
cquainp supplies Besscmer pig has sold as
low ns Sa05 at Pittsburgh and gray forge ut
$3.50 ia Birmingham. steel billets fell 10
sls2j nt Pittsburgh and angles lc. but wire
rods cannot be- supplied fast enough ut
g 10; nails are strong and few moro
structural orders are pending. Eastern
works also have orders for 1900 tons Of
steel rails.
Complaint and proof that the demand for
products is deficient blinds many To the fact
that the actual work in progress, largely on
heavy orders for beams, hillets, rails and
| sheet bars, taken when the pools broke up, is
OF greater volume than Tor long time
Large snes OF copper nre reported Rt / C.,
with production IL, 2s3 tons IN March, ne
end of stipulated curtaiment has been
reached by some cotton mills and nearly by
all, and since the auction sale some bleacned
goods have been slightly advanced, but
dctunl buying does not Increase and print
cloths do not improve. Sales OF wool have
been largely offoreign, reports being arrivals
Of quantities sold some time ago and i'm
porls Mt Boston for the week were 81. 600
/ bales, For the three chief cities sales were
-, ,03G. 500 pounds In three weeks. 20.2Tl, 300
being foreign, against 1906. 100 in 1899. in
Guiding 1874 600 foreign. But manuiactur-
crs are doing scarcely anything and orders
for goods improve very little. though for
somewhat better grade OF goods.
Failures for the week have been 2ls in tho
United States, against 2)S last year, and II
in Canada, against a last year.