The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1891-08-17
NEWS IN SUNDAYS JOURNAL.
Resume of Important Events Mt Home and
Abroad ChYonicled in the Issue of Aug. 16.

A car famine is predicted In Iowa.
There is no danger of a grain blockade in
North Dakota.
Gillian rebels have issued a manifesto in
which they threaten Balmaceda.
1t is estimated that Kansas farmers will
receive 800, 10000 this year for their crops.
Race-winners at Morris Park: ANNE.
Al0nZo. Terrlter, Reckon, Riot. Cynosure.
Charges of cutting passenger rates have
been prepared against the Chicago ~ Erie.
At Kansas City a heavy storm did great
damage. Similar reports come from other
sections.
Wheat went to s1.0s on the Chicago Board
of Trade amid scenes of Undesirable con-
fusion and turmoil.
Governor HILL and Mayor Manning have
both invited President Harrison to stop off
q tAlbany on his way to Vermont.
"Shoe-box" Miller. who served q term in
prison in Pennsylvania, is declared inno-
cent by his attorney, who says he may yet
marry General Mosby's daughter.
The American Federation of Labor will
ton of Iron and Steel-workers in keeping
foreign tin-plate-workers out Of the coun-
try.
Baseball games Saturday-League: Chi
cago 8, Brooklyn 2; New York A. Cincin-
natl 4; Philadelphia 4, Pittsburg 2; Boston
Cleveland game postponed; rain, Assoois-
Washington 3; Columbus 8, Louisville z;
observation-disclosures game postponed; rain.
From the Second Edition Of the Sunday J~ournal.l
New York ''Buns' aud "Bsars."
NEW YORK, Aug. 15.-The grain bulls"
went down into the Produce Exchange PIT
here to-day and they butted the "bears"
about until the latter felt weak and dizzy.
To be sure the 'beare" braced up a bit at
one time. and ripped some streaks in the
bovine hide, but they were sorry for 1t aft
erward. The bulls" got q horn in the
bruin flank and tossed him up and around,
and had fun with him until each was tired.
On sales of 100000 bushels in options,
wheat prices to-day, in the short" Satur-
day market of only one hour and a half.
climbed ten points. The bulls" were in
full control. Cables reported all the for
elgn markets booming, too. on the news of
the American rise. At noon, when the
market closed, wheat for Septem Der deliv-
cry was selling at Sl.13ls, after n day of
extraordinary nervousness. There was
virtually no rye to be bought at any price.
The wheat market opened with shorts"
panic-stricken. They rushed and climbed
getting in out of the wet at 2l263 cents add
vance from the close of last night. 1t was
q short" panic. started by disappointing
cables to-day aud Ernest Ford last night.
He sent an order to 81. LOuis for $4,000
bushels on the curb and scared the shorts
badly. thus advancing the price 1s4 cents
without q trade. This scare at st. Louis
forced calls" there from 97ls cents to oslo
cents. This morning the cables came in
stronger than expected and the shorts"
s could ..D noS h95S Themselves sct and It t Sss
all got in now. There was Q good deal of
outside buying on tho rise. The foreign
markets were strong. beiag 2 pence higher
at Liverpool and 9 pence higher at London.
g.. 49, ~r-. - l-e -. III ~
foreign news foreign houses were not large
buyers of wheat. In fact, there was but
fair trading for Europe on both sides of the
market. The advance In the price of rye
abroad had some effect. and it is now over
the price of wheat There IS q corner here
NOT artificial, but natural-and rye has
risen so cents per bushel in ten days.
Parties here who have bought rye
from the Wess on. q c. !. 4. basis
at 250S0 cents lower have been trying to
have not succeeded, and have invoked the
power or the exchange to force this. Put
ting up margins has not been customary.
however. and somo doubt Is expressed as TO
whether it can now DO enforced. In the To-
cal markets September wheat opened with
simultaneous sales ranging from S1.09l2 to
S1.10. as against SLOT g at yesterdays close,
all other options being similarly strong.
December started at Sill TO SLIP. against
Sl.O9ls. Trading was enormous, and with
in an hour December touched 81. ID, closing
at sl.14is, while September closed at S1.l34.
Corn and oats were not 80 excited as
wheat, the more import cereal, but they
were firm and strong. Sales of corn in the
one aud q half hours trading reached near
100000 bushels. Ga Is, however, had sales
of less than 1000 o bushels. The most start
Pardridge. who was short 10, OOO, 600 bushels
of wheat in the Chicago market. had been
practically forced out of buiness. Since
he was compelled to cover, wheat has gone
up 8 cents. and it was reported that be had
barely escaped complete ruin.
One of the largest exporters on the Prod
uce Exchange, who returned last May
from an exhaustive inspection of the grain
fields OF Europe. and has since been profit
ing by the information thus acquired, said
to-day that the steady rise In values and
the excitable condition of the markets was
chiefly due to the ignorance of European
commission merchants, who imagined that
the deficiency in Russia would be made up
by the American crop.
I'VE raise an insignificant quantity
of rye for home consumption" he said.
yet Europeans continue selling short
for delivery on the false basis that they
can get all they want from America. The
next event will DO an effort by the shorts
to substitute wheat for rye and then of
course wheat will go still higher. Ameri-
can spectators have also made a big mis-
take. Instead OF acting upon the damage
to crops abroad they have been looking at
the fine crops here. 1t is quite possible.
however, that, for the moment. we are
OVERRIDING the market, and we may see
still higher prices before the season is
over"
In some respects it 10 said the rye market
during the past few days has never been
paralleled. The bulls" were losing money
o month ago. Rye has gone up so cents q
hushel In the past week, and of that ad-
vance 10 cents took place during the last
two days. Five million bushels is the limit
OF possible expectation from this country.
Whea sold for export to Germany this
morning at 1876 marks and rye at 2l0 marks
per leo kilOgrammes. There is no price,"
said an Old operator to-day, lat which
America can offer rye that Germany will
not pay. The victims of the Russian
cars ukaso must have it at any figure,
and as proof of this fact it may be stated
that one hrm on the Produce Exchange
cleared yesterday q profit of $1,000 on O
single cargo of rye. This was on plain
export trade, and not on speculation. No
such thing was ever heard OF before"
The Kaiser Far from Deaths Door.
BERLIN. Aug. 15.-The continued canards
of the French press in regard to the En-
peror's physical condition are received here
with contempt. Kilograms from Kiel tes-
THY to- an untiring energy and a devotion
to state business on the part Of the En-
peror which IL is not likely would be dis
played by q man at deaths door. During
his stay at kiel his Majesty has received
visits from several of his Ministers.
with whom he has conversed calmly
and with his accustomed a%stuteness.
The injury to his knee does not