The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1891-11-22
Cars People Lack Credit
Abroad and Food at Home.
WHEAT EXPORT PROHIBITED.
Count Tolstoi Threatens to Aid q
Revolution if Necessary.
co-Russian Friendship-Two We'd
dings in High Lifc-The French Labor
kebeilion-Relisious Insurrection In
Persia Crushed.


tonight associate the Russian ukase pro-
hlbitlng the export of wheat and wheat
products with the failure of the overtures
OF VIshnegradsky, the Russian finance
minister, to the Berlin financiers to reopen
the German market to Russian loans.
FINANCIAL houses have again been in con-
suttation with the government, and the
kreaz-Zeitung states that this time the
government had definitely intimated that
the guarantee offered by Russia did not
suffice to justify official approval of Ger
man credit being ventured in loans.
1t Is understood that diplomatic APP
proaches, through Count Won Schovaloff,
Russian ambassador, receives an equally
decisive rebuff. The fiasco which the
French syndicate made of the last Russian
loan has enormously increased the finan-
ciai difficulties of Russia. Vishnegradsky
has been forced to relieve syndicate of
ts,o00,00O out of 100000 offered. The
pubic official denial that the Rothschilds
had taken over f5,0000 900 is partly true
BONDS to the amount of fs000,000 had
Deen placed In Rothchilds keeping with
no responsibility attached to their future
issue through the firm, and the French
syndicate is relieved of burden of f6 600
600 which the Russian treasury hoped to
have received
Thus Russia instead of having realized
fl6,00O. 900 on loans obtains only f9, 1000, 900.
The refusal of the German government to
permit bankers to bolster up the Russian
credits ends for long time to come the
chances of Russia borrowing money
abroad, and strengthens the chances of
peace.
A statement published by the st. Peters
burg Official Messenger on the condition of
the imperial finances and its relation to
the famine was telegraphed here tonight,
this authoritative declaration coming to
minimize the dangers of the situation.
The statement begins by announcing that
the stocks of grain after the prohibition of
its export will be sufficient for the popula-
ton until the next harvest. As the people
IN the agricultural districts depend on the
sale of grain they will find their position
embarrassing, and the government has.
therefore, assigned to them 100000
roubles from the cash reserves in the
treasury. The reserves amount to
220, 900 ronbles, which sum is suffi-
cient to meet the redemption of the debt
for the current year and all expenditures
and still leave a cash balance equal to the
needs of 1892.
Ii is denied that there is any likelihood
that the treasury will be required to pur-
chase gold abroad unless such course is
necessitated by the flowing back of
Russian securities. The Russian gold re-
serve amount to IS 100000 roubes in the
treasury and 120,0O0000 roubles in the I'M
perial bank, besides 100000 secured by
recently issued provisional credit notes.
These totals do not include the receipts
from the last loan.
The sum of the Official Messengers state
ment is that Russia has plenty of grain
and abundance of money for the time
being. This is reassuring to the Russians
who are under the scare of famine. This
class includes Count Tolstoi, the great
social reformer, who has published an en-
ergetic demand that the government de-
clare without delay whether the stock of
grain is sufficient to last through next
summer. Count Tolstoi advocates the
purchase of corn in America in time to
protect the country from famine and the
terrible social disturbances certain to
attend such condition of affairs. Tolstoi
contends, from his own personal calcula-
ton, that the stock of grain will not be
sufficient, and the governments reply that
it guarantees there is enough to feed the
people until the next harvest, if falsifed,
will lead to revolution, in which Tolstoi
says he will aid. Count Tolstoi's daugh-
tiers have opened free refectory for the
famine stricken near his chateau.
A fresh instance of the hostility enter
tanned at st. Petersburg for the German
element has been given. An order was
issued today forbidding persons to prac-
tice rs lawyers in the Baltic provinces
unless of Russian extraction. Many Ger
mans are thus disbarred.
ST. PETERSBURG, Nov. 21.-Contrary to
the announcement made few days ago.
that nothing further would be done in
connection with the question of export
ing wheat from Russia until the czar's re-
turn to Lividia early in December, a ukase
from his majesty was issued today, pro-
hibiting the export of wheat and wheat
products from Russia. The prohibition,
which will 60 into effect on Monday next,
will be executed under the same condi-
tions as those governing the prohibition
recently decreed against the export of
oats.
SAN Francisco, Nov. 2i.-Secretary
Friedlander, of the Produce Exchange and
Call Board Association, in an interview
this morning, regarding the probable ef-
1eCy on the NEed market OF the RUSSIAN
ukase prohibiting the export of wheat,
said:
The opinion is advanced by some spectators
that the ukase has been discounted for so long
time that its effect will not be great as at
first anticipated. You will note also that the
ukase is issued at a time when RusSia's ports of
exportation are usually frozen up and when the
output goes chiefly by rail 20 Austria and Ger
many As to its effects here, this market usu-
aliv follows that of London, on which Europe
also depends. Liverpool and London are now
dependent on New York and Chicago, as the
United States at present holds the wheat IL
New York and Chicago advance, London and
Europe will follow, but IL New York and Chi
cago do not advance, what can London do7 The
San Francisco market is now in peculiar con-
dition. The market has co-nersd itself without
manipulation, by reason OF the scarcity OF wheat
and the almost Unprecedented abundance Of
ships available for wheat carrying. It In esti-
mated that the stocks OF wheat in this
state on December will not aggregate
over $1,000 tons, while there are st
present in port vessels with en- aggregate carry
ing capacity oi 90, 90 tons, and Atty more ships
are due here by the end OF this year with an ag-
Eregate Of 1900 tons, making total tonnage
OF so go tons carrying capacity. as against
5000 tons OF wheat on hand This leaves a sur
plus of only 900 tons of wheat by the end OF the
year, and from this We may provide ior our own
use and for exports in the way of -four To Asis
and south America OF course, the market viii
be relieved somewhat by oregon's shipments,
but they cannot send rs enough 70 balance our