The Corvallis gazette. [volume] (Corvallis, Or.) 1862-1899, 1884-05-02
EASTERN STATES.
Telegraph Rates Being cu,.

4
New YoRK, April 27.-The development
of new telegraphic companies begins to
show itself in the matter OF rates, The
| Western Union Company has announced a
reduction in night rates to 10 cents for ten
words, and cent for each additional word,
between all competitive points east of the
Missouri rlver. Heretofore its night rates
have been two.thirds of its day rates. The
| highest rate of the Western Union ut the
present time is 81 for ten words, between
Portland, Maine, and San Francisco. The
Bankers and Merchants Telegraph Com
pany made uniform night rate of Is cents
day or two ago. The Baltimore and Ohio
Telegraph Company will meet these rates
to-day or Monday.
The Furry in the Wheat Market.
New York, April 27,-The Commercial
Bulletin says: ''Much excitement prevailed
in grain circles yesterday. Transactions in
wheat were on an enormous scale. The
market is taking an unsatisfactory form;
the presence of manipulation is everywhere
apparent, and calculations for an outward
movement are disturbed. No failures have
yet been officially announced, but five firms
are openly reported to have tailed to re-
spond to call for margins, and to have
been sold out under the rules; this after an
advance of fifteen cents in less than month
The talk at the close of business yesterday
was very much mixed. Further violent
changes seem to be expected, but in what
direction the market will move nobody
seems willing to venture predictions. Some
of the conservative bulls were selling freely
yesterday afternoon"
New YORK, April ga reporter this
afternoon saw prominent wheat dealers re-
garding the present excitement and un-
certainty in the market. A member of the
firm at Max Held & Co., said: 'erhis is
purely manipulated market. There is no
telling how soon the excitement may sub
side, but it is quieter to-day and more
sensitive tone prevails. The whole move
ment, it is believed, originates in Charley
Strauss, a Baltimore speculator, who jumped
June wheat up ten cents a bushel. He is
working hard for corner in June wheat,
succeed. The market has been depressed
for long time, and this sudden rise Is GER
tainly not due to natural causes. Buyers
are now holding off, and the panicky feeling
has in great measure subsidized"
Another prominent dealer said: s'The
whole thing is attributable to speculation.
The depression was unwarranted and this
furry is unwarranted and will not last.
London firms whose wheat 1 hold, cabled
me to-day: DO not buy wheat at any
higher prices We think now good time
to sell, and believe wheat will reach the
bottom figure before long. The general inn
preston is that on the opening of canal nav /.
igation supplies of wheat which have accu.
mulated in the west will flood the eastern
markets and force prices to the lowest
point"
Being shown statement from the Chi
cago Tribune to the effect that India wheat
has been shown to the trade in that city, he
said: 81 do not know of any in this market
at present, but believe that the low prices
which India wheat sells for causes it to be a
powerful competitor with American"
Indian Troubles in the Southwest
ALBUQUERQUE, April 27.-News has
reached here from Fort Wingate that rumors
which have been afoat for few days past
in regard to an uprising of Ute Indians at
Mitchell's ranch on the Ute reservation
have been confirmed. The Utes attacked
the ranrhmen of that section, and des-
perate battle ensued. and the Indians were
repulsed, with loss of two killed and two
wounded. No whites had been killed thus
Smith left Fort Wingate yesterday for the
scene of the trouble, with cavalry. Troops
from Fort Lewis, Colorado, are already
there, but the situation is so desperate that
Captain Smith was sent for reinforce
ments. The reservation, the scene of the
trouble, is located in the corners of New
Mexico, Arizona and Utah, and news from
there can not be readily obtained.
Reports of another outbreak were received
by the department to-day. The Navajos
of the San Juan valley have uprisen, and
fears are entertained for the safety of the
settlers. Although perfectly reliable ad-
vices are so meager. and the situation not
being thoroughly understood, the adjutant
general has ordered Captain Hoyl of Fort
Wingate to send company of soldiers to
the scene, and ascertain the extent of the
trouble. Captain Hoyl will leave Fort
Wingate tomorrow with a body of cavalry.
The San Juan country is situated in the
southwestern Fart of Colorado and the
part of New Mexico.
Cuba in the Market.
NEW YORK. April 2S.-The Star pre-
tends to know that private negotiations
have been going on the past week to sell
Cuba to Mexico. The proposition came
from Spain. After consulting his cabinet