Telegram-herald., 1890-02-28
THE OBSERVER


follows.
Yesterdays markets opened with a
hrmer feeling than IA days past. caused
by weather reports from the south and
Northwest. Colder weather seems 10
be quite general during the past forty
eight hours, and continuation OF the
same Will probably cause ap advance IN
cereals, particularly 50 If 1t ls Intended
for the winter wheat districts.
The winter wheat crop u reported
considerably advanced, more or less OF
il having lointed. In such condition
the chances 20 damage by cold, frosty
weather, are very much greater than II
the crop was not SO forward.
The closing markets were firm at
sight advance, trading quietly steady.
Closing reports say abnormal weather
conditions have furnished reason for
further heaviness in our grain markets,
especially in wheat. The almost unpre-
cedented absence of winter IN the
months when II IS expected 10 put IN
an appearance, Is the one chief cause
of weakness III all cereals. And every
day from this time on, that the cold
wave holds aloof, lessons theprobabillty
of ITS coming at all on TINS SIDE OF the
summer heats. Already some
are counting confidently on
an uninterrupted enjoyment of
spring weather during the next three
months, 10 be followed by early and
abundant haryests. Time only will
tell. Ii is dangerous to commit ones
self 10 theory. Nature always furnishes
her own compensation, at least she has
done so in the past, and can be trusted
IN the future.
Itisa historical fact that most other
mild winters have been followed by
severe weather just at the time when 1t
was not expected, much less wanted,
and the crops have suffered IN conse-
quence.
The trouble is that nobody can tell
when the changes will come upon us.
We are not so near out of the woods as
to Justify a shout of Joy at having es-
capped these perils. This spring may
prove an exception to the rule, as has
the winter, but the analogles are
against il.
The sun is gathering its strength
daily, but he IS a long way below the
equinox, and the month III which he
reaches that point has ere this been
marked by bllzzards of fearful IN.
tenslty.
A report from Cyprus announces
SIS, 1913 quarters of barley, 241 $40 quar-
Of
and II, ,456 quarters of oats, from which
1t is inferred that there is a consider
able quantity still left tor export, but
owing TO the severity of the winter on
one hand, and the Greek holidays on
the other, supplies as yet have been
quite Insignificant.
A postal report from Morocco brings
no alteration IN the position of the
market, as both the import and the ex-
port trade has been ruled extremely
dull, the latter being much fettered by
the constant advance of the rate of eX-
change. There is continuance of
drouth in the country and the prospects
for crop quite hopeless.
Latest Indian reports from Bombay
state that rains have not visited that
district for months and little has fallen
elsewhere, and that little would be
beneficial. Business has been rendered
almost impractlcable by the advance of
exchange and scarcity of produce, and
but few sales have transpired.
Calcutta-Nothing has taken place of
any Importance in the wheat market;
it has ruled steady with small retail
transactions at low prices.
Italy continues to import wheat quite
freely, the total for the eleven months
ending being 3,626, 900 quarters against
l,lSO,00 quarters during some time
last year. IL is expected that the total
for the year 1889 will reach nearly
1900, 900 quarters, and for the present
season, 1890, an equal amount.
A circular received bearing date 18th
inst, called a special meeting of the
Michigan Mllers' State Association ut
Hotel DOwney, Lansing, on Tuesday,
February 25, at o'clock p. IN. Every
member..of theassociation was earnestly
requested to be present, and TO come
prepared to stay until the important
business, which was to occupy the atten-
ton of the meeting, was transacted, II It
takes the balance of the week.
This meeting, from the interest mani
tested in advance, promised 10 be the
largest and richest IN results ever held
in the State.
Wheat receipts at st. Louis yesterday
were Il 900 bushels against IL 900 bush
els year ago, same date. Wheat re-
ceipts at Minneapolis yesterday $4,000
bushels against 10l 900 bushels one
year ago, same date. Wheat receipts
at twelve points yesterday were 100000
bushels against % 900 bushels one year
ago, same day. Wheat shipments at
twelve points yesterday were $4,000
bushels against 1877 900 bushels one year
ago. Wheat receipts at three principal
ports Yesterday were $1,000 bushels
against 1000 bushels one year ago yes
terday. Wheat cleaTances from the
three principal Atlantic ports yesterday
were 90 900 bushels against 5000 bushels
one year ago yesterday.
The ivory industry requires the an
nual slaughter of $1,000 African ele-
phants.
The first iron works in colonial Amer
ica re established in 1921, IN Chester
fieic Va.
Ihe BOatman's Bank IN ST. Louis,
No. s 70 be organized into n National
Bank, with a capital of $4,000 900.
The Edison Electric Lighting Com
pany. OF New York. has increased It's
capital from S2,500. 900 10 81 500 600.
Gsilsntry In Saving life.
A he result u tb- reports which have been
oolisted from az parts of the United King
dom, India. the Colonies, and abroad, ths