Los Angeles herald., 1891-08-19
The Gar Was Averse to 1t
from the Start.
That 1t Was q Political Move
is Denied.
An Inventory of the Stock. of Grain
in Russia Being Taken.
Relief Measures in the Distressed Dis
tricts-Marked Reaction In the
Markets in Europe and
America.
Associated Press Dispatches.

ST. PETERSBURG, August 1S.-It is
known that the imperial ukase prohib-
iting the expectation of rye, was not
only at first opposed by the czar, but it
was also met by opposition in other
quarters. At first it took in several
other articles, but the czar consented to
it only as issued, restricting rye. The
statement that the measure is politi-
cal one, is absolutely untrue.
The Russian government is now max
ing an exhaustive inquiry into the
stock of wheat in the country, the
prices demanded and the facilities for
its transportation. The measures for
the relief of the distressed districts in
clude the building of canals, barracks,
railroads, street-paving and planting of
forests.
The Finnish senate will propose to
prohibit the expectation of rye, other
wise it is feared that Russia will cut off
the supplies for Finland. This will up
set the plans of the Russian merchants.
who hoped to export rye from Finland.
THE GERMAN MARKET DECLINES.
BERLIN, August 1S.-The grain market
opened excited and lower this morning.
August rye opened at a decline of 10
marks, 80 pfennige; September and Oc-
tober declined marks 80 pfennige.
August wheat opened marks lower,
and September and October 5 marks. so
pfennige lower. The decline was caused
chiefly by news of the govern
ment's action in ordering the substitu-
ton OF wheat meal for rye in making
bread for the army. There is growing
belief that the situation has been exag-
gerated and that the recent rapid ad-
vance in prices was not warranted by
the facts in the case.
The North German Gazette says the
present situation in the corn market
shows the economic and political impor-
tance of highly developed nation OF
husbandry, making the fatherland inde-
pendent of foreign counties, and proves
the necessity for reform in the grain
trade, so as to enable more easily to
supply Germany with additional bread
stuff. st,4s
The National Zeitung says: German
merchants, who made heavy advances
to Russian growers in April for rye for
delivery in September, will suffer an
enormous loss, and probably some fail
ures will occur. The situation is ex-
tremely grave and the government is
not paying sufficient attention to it,
ENGLAND's ENCOURAGING PROSPECTS,.
LONDON, August 18.-The Times refers
to encouraging prospects ahead for Eng
lish farmers, saying if given good
weather for fortnight, the wheat crop
OF Great Britain will be good one.
Reaction in America and on the con-
tinent weakened the markets, and there
was general decline in prices today.
LEEDS, August 18.-The Leeds Millers'
association has decided to make an
advance in the price of -four of Is Cd.
CHICAGO GRAIN PITS QUIETER.
CHICAGO, August 18.-Feeling in the
wheat and corn pits was quieter this
morning. The foreign markets being
lower, caused quietness here. December
wheat, which closed at $1.03 yesterday,
started at that price, fuctuated both
ways within range OF 14c. At the
end of the first half hour it was quoted
at $1.025a. Corn opened 5sc lower,
and fuctuated within narrow range.
September rye, which closed yesterday
at $1.02 was offered this morning at 95c.