The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1896-10-08

%
Exchanges at the Seattle. Tacoma and
Portland clearing houses TO-DAY we're;
Cleagances. Balances
TTAtue ......... ..-..--$ H.E2 10 3is. 80 81
AA 1900. ...-.... 2.A 20 2.slS 10
sofl4aLo --.-....- 49,. Il. fH % 1.s44 -
Oats we're un to1ay and intending par-
cnasers aere asked from SlEas7 per ton.
This Ii owing TO the demand from San
Francisco. On the fats farmers are hosd-
ING oats Al Sl5. sA and SIS per ton A few
Gays ago the steady price was 81 on the
dzsg
AiIlcrs sometimes complain Of the dis
pregnancy between the prices they are
compe4led TO pay for milling wheat and
the quotations given II the papers az be-
ihs the market The difference Is due 70
the TACT that the daily quotations given
under the head Seattle Wheat Market"
ara made on export wheat. and are gov
sFnec ny the Liverpool market. A miller
~ cotnpt.sed 10 buy as his business de-
msacs- he runs short OF wheat. and in
order to get the stock necessary in his
business must pay any price the farmers
choose 10 ask. But the exporters regulate
the price they will pay for wheat By the
amount they could realize BY exporting IL.
a1d are governed not by q fictitious local
ceirzand. but by the fluctuations OF the
worlds market.
Aaliers are paying s. cents per bushet
Tor oiues;em today and 81 cents for No.
Cub The export quotation was s cents
Tor CLUB and 50 cents for hIuestem.
This 10 a rise OF cent over the price OF
yesterday. and the market - very steady.
The sudden rise Of wheat has caused
vast amount OF speculation IL the large
wheat centers Of this country. and predic-
tons OF AL Kinds are made as TO how
Tar II viii go. A recent issue Of the Chi
cago Tlmes-Herald said:
wheat isracing for thedoiiar mark The
price passed 10 cents yesterday. A singular
flight. carried other products with f. Corn
and oats Joined the general advance. so
id pork. Into the West went the news
Ing yesterdays gain, s.. ono 60 has been
added 20 the value Of the wheat crop held
by the farmers Four million dollars alone
much richer tran they were September s,
when the rise began. With the COS. OF
producing wheat IS cents a bushel, they
find IN October change in selling price
the cost OF production Is at their com
mSnd. Wiseacres On tsle beard. naaly
sesacAating at their fellows. declared
thai the end vas al band. The pis was
q scene OF pandemoniuul But there was
no weakening In prices. On the contrary,
amidst . closing scene somewhat similar
30 the famous ones in the days OF Hntchln-
son. prices remained firm. with every indi-
cation OF continuing upward for days 10
come.
Every farm product has advanced in
value millions % dollars during the last
fortnight Wheat has advanced 1874 cents
in three weeks. faxseed II GEMS, while
pork gained 70 cents yesterday over the
previous days price. and retained most Of
Its advantage to the close The gain in
dollars ard cents to the farmer. as near as
can be estimated. Is al OF Si5A Oh. 90 for
his proasScfs. one-th.rd 81 this advantage
Is in waea, alone.
IF corn continues TO increase n Is al
most impossible 10 estimate how much
VIII re added 10 tho agrtcuitrsrts.'s
wealth. Win a corn crop OF nearly s0s
oe.ae bushels each cent advance II price
mss<ns 3 gain % the producers OF SO Go 40
TIE price gained yesterday was IA cents
or more than s. Isaasn TIE advance in
lard and ribs was grea. enough 20 reach
an enormous sim when caiculs.ea on ne
visible supply. and tas same was true OF
rye ana the minor products az the farm.
Wheat Was the srspsra ton which PIT
afe into al other farm products and Eng
land wanted wheat and corn badly TIE
Rrstsshers were apparently AFRAID % the
future az wheat. and their hallssh snshnss-
aSr7 passed 20 corn. Commission firms
Rad heavy buying orders from the British
ers al aav single exporting house
bought $4,000 bushels % cash wheat dur
Ing the day. All tie total Sa.es OF "a.
sort were 80 80 hushels."