The Universalist. [volume] (Chicago [Ill.]) 1884-1897, 1896-10-24


TWENTY years have past since the
wheat market has seen any such activity.
Europeans have besn accustomed to
wait for war times before expecting such
market excitement as seen in Liverpool
yesterday. Their uniform cablegrams
to Chicago agents were: Wheat ex
cited and Sd higher" On the continent
the excitement was still greater. Paris
and Antwerp felt the tremendous bulge
of Saturday in the Berlin market. Ber-
lin, which set the pace Saturday, ad-
vanced 81 cents yesterday. On the Pa
citic coast the net gain for the day was
but 5 cents per Genital, although at one
time it was s cents. New York's open
ing gain was cents, and of this it re-
tanned 8 cents until the close.
December wheat in Chicago was with
in one-fourth of a cent of 80 cents at
IL o'clock Monday morning. This was
the highwater mark of the day. Two
years ago on October 10. December
wheat sold at closing at CO.'S cents. The
closing price was 77ss, or II cents higher
than two years ago. The biggest bear
on the market could not take cheer out
of that comparison, especially since the
foreign demand continues strong and
without sign of letting up. The ad-
vance was not checked by the posted
figures showing an increase in the visi-
BILE supply of 100000 bushels, making
grand total in sight of 55,000,O00. Eu-
rope wanted wheat-wants it still-and
that badly. America has the grain.
Chicago is the great distributing point
No one better explains the situation or
makes it more plain why the eyes of the
whole world are now turned to the
wheat stores OF America than John
Hyde, expert special agent of the
eleventh census. in his statement: 1T
is worthy of note that in 1867 and 1868
the failure of crops in Great Britain.
which the United States was unable to
make good out of its own surplus,
caused an advance in price of no less
than AZ cents bushel. Wheat during
the last ninety days, owing to deficient
harvests in other countries, has ad-
vanced from "a cents to 78 cents per
bushel."
The Bay State Gas Company was last
week placed in the hands of receivers
by the United States Court at Whining
ton, Delaware, on the application of
William Buchanan, New York stock
holder. A rule was issued upon the
officers of the company, returnable, No
vember 7, restraining them from dis
posing of any of the company's effects.
The Merchants Bank of Atlanta, Geor-
gia, closed it's doors. 1t is said the
failure was "due to persistent fight
made by outsiders on President j. Fl.
Porter" The President says that de-
positors will get every dollar back. The
Willimantic, Conn. Savings Institute
suspended payment of deposits yester.
udy IcquhinS eho houA moAIHS Ao0iCo
allowed by law. This action was de-
termined upon by the directors owing
to recent heavy Withdrawals and in
order to prevent the sacrifice of the
banks securities. Fireman Ives & Co.,
produce dealers of Little Falls, New
York, have assigned. The firms capital
was rated at from $4,000 to 100000.
The assets and liabilities are unknown.
A Houghton. Michigan, despatch says
that the Sturgeon River Lumber Com.
pany. the largest and oldest numbering
concern in the copper district, is in fnan-
cial difficulties.
A DISPATCH on Friday from Juneau.