The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1896-10-08
WHEAT RlsEs-siLvER FALLS.
These Fact, do not Corr .spOnd Win Mr..
nrysu's Statements,

New York Press: While silver for
weeks has Drrn DROPPING practically
without interruption from about sew
rnty cents an ounce to less than sixty
live cents, wheat has been shooting up
us II 1t had wings
Il * peculiarly interesting at this
time, when Mr. Bryan and the other
soJm-t u.br.snurred-Out lights " the
free silver heresy have been examining
a variety OF pleasing ilctlOns down the
thrOats OF farmers, 10 call attention 10
the practically simultaneous rise In
wheat and drop in silver
Probably the free silver folk Will say
IN regard 10 the remarkable rise in
wheat--abOut eleven cents u bushel IN
month: what did We tell you?" It's
as clear as daylight; everybody knows
that free silver VIII succeed. hence they
are buying wheat now, as It viii 80 to
dollar at lcast after MIR. Bryans
election. That's why Europe Is buying
such quantities OF wheat"
II this Is the free silver argument for
tn advance In wheat. why Is 1t that
E.ur0pr Is not huying silver ut Giit
cents Al ounce II Mr.. Rryan's election
will raise It's price 20 81 80.
MI BryaG's contention has been that
IL Was impossible for wheat to rise as
long US the gold standard prevailed
Mr.. Bryan knew as well a. any OF us
that he was lying when he said that
What does he say about II now? HIS
silence on the subject Is most expan-
sive. Possibly he IL raCking his brains
to account Tor II. and It Is probable he
may geI of something equally illumi-
mating as his explanation OF the gold
Import movement.
The fact Is, this advance in wheat
wholly due az II is 10 natural causes. IL
stunning blow 10 the free silver fal-
lucy. Il is useless To tell the farmer
that he cannot get more FOR his wheat
while We remain on gold standard.
when he Il receiving ten cents n bushel
more for K than he was Il month ago
Considering that this has been one OF
thu stock arguments Of the free silver
ties, IL is Well to point out again and
again Just why wheat has advanced.
II Is all summed up in this: The
crops here and abroad have been short,
the total decrease Tor the world. ac-
cordinE 10 foreign trade estimat ties,
from last years crop being more than
l0O0Q0,O0O bushels. Last year tn. total
crop was more than J3j. 900, 900 This
year Thomas estimates II al i3i 900 900.
The main loss has been outside this
country. 50 that the demand Tor our
WHEAT abroad has been exceptionally
heavy. Bradstreets reports total EN-
ports 81 wheat and -four FOR laSt week
nj i,2lJ,i9i bushels. tthe largest since
September. 1890. against 3.92O,i66 the
week before and 2,6lS,SG In the cores
bonding week last year. Here is an In
crease over last year OF l.6Ol ,9gS bush
els. IN the month Of September We
exported l5.jll.1a bushels: in Srptem-
Der, 1895. l0.ll3.S9I. an increase Of o.
81, $50 bushels. This will explain to rv-
cry one except CKlCkle- headed Niots
why wheat has risen.
There has been no manlpulat ton
about II. In fact. the SPECTATORS have
been positively daZeI at the advance.
Another thing which has Indirectly
made wheat rise IS the f,lct that the
export demand has been so heavy that
It has been found impossible to send all
that vas required All the freigh, room
on European steamers has been en-
gagged up 10 January.
The explanation OF the decline In sill
Yer Is as easily accounted for as thn
rise IN wheat. Soon after organs uom-
Mation the free SILVER shOuters kicked
mp such rumpuS that specul4. ors
both here and abroad thought there
was some chance OF his success. and
silver advanced on speculative buying
to about seventy cents an ounce, II
was not long, however. before the
holders became convinced that Bryan's
chances of success We're HOPELESS, and
they at once began TO get rid OF their
loads. Consequently. as more and more
holders NJ silver saw that they had
paid Il good price for Il white elephant,
and sickened OF their bargain. the price
Of silver gradually sank until to-day IL
IL quoted at GiA cents an ounce, This
~ considerably lower than fl was
early last summer, when IL was thought
improbable that the Democratic party
would come out ilIt-footed for thc free
coinage Of silver.
Tir day will come when Mr. BRYAN
and his llk viii learn that natural
causes alone govern the prices OF ali
products.