The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1896-10-21

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500 rs ssi as 1910 SIS 10 IS 81
AT PORT TOWNSEND.
90 IS so 1907 IN 81 l0.osI 2.
Seattle, Oct - 1885.
Exchanges at the Seattle. Tacoma and
Portland clearing houses today were:
CIesrances- Balances.
r-atle .-... ..-.......-s go $50 :. -
IacssS,A $3.50 ........... - - 80
Portland -.-.-....... - $50 90 e,Nl 1
The reaction r. the wh.a. boom came to-
day. Prices fell or in al the great wheat
csnsers. ru. not enough 10 influence the
local quotation % Is cents Tor No l club.
aud y cents for bite stem Tne cause OF
the easier r1ari.e, is found in the quantity
OF whea: that -as Immediately thrown
on the market when prices were a. food
Receipts from the Northwest exceed ng
those Of the preceding year. together with
less exciting kilograms from Liverpool,
cooled the fever % speculation and
stead4ed the market Sellers IN Caicaso.
New York and San Francisco held on for
the top prices OF yesterday. but before the
closed fell off n their demands
In an Interview which appeared 'ast FRI
day in the Minneapolis Journal. G. A.
Pllsbury. the Big Minneapolis miller. has
the following 10 say on the wheat s!sIA-
ton:
Tho farmers movement. OF wheat has
been quite IRE. fer the last week or ter
DAYS. so that IL Ia practically giving tho
railroads as mg.h as tr sy car haul into
Minneapolis and Duluth. Last year a.
this tine they were not able . take one
haf that v6S offered 20 them. but think
they have been practically able 10 care
for the offerings aeou. as fast as they nave
come IN this year TIE movement IS now
commencing 70 diminish. and. ne a2Fc NJ
doubt seen or heaviest movement, al
though tAere vii be a week or ten days
before this vii show Up In Minneapolis or
pufuth receipts. Further investigation or
the wheat crop shows about as follows:
First. that Il has NOT been underestimate
ed: that the United States has not raised
s1,@@.@o bls1sls. no matter what the gov
ernment or other stat!Stielans may show.
You can bank or this. with the fullest az
ssrance. ana before the crop year IS our
this will b demon strated. All this goes
TO show that the Atlantic seaNoard he's
raised no surplus for export, and that all
make K very scarce IN this country before
another crop. and will result IL keeping
a great many mills from making shes- US
Esi amount OF -four Our visible supply
does not more than leave the ancunt OF
wheat required - make the ordinary
grades OF lOurs that are always exported.
th@re being practically no market FOR
than az home. II has developed that there
IS q great deal % WHEAT. even on this
short crop. both in wInteVZ1d spring
wheat sections. TOO poor . make first
e CLASS UoBr. IBIS Il now IcNFkorllE N
spring wheat sections. where threshinE IS
Just beng done. where lot % the wheat
was caught by frost. The farmers are In
eilned 20 be tuiis on whei ard VII car
~ much as they possibly can until att
er election: they have SO many bills 70 pay
that they must bring IN enough wheat for
thie purpose. ks,t ! think, swcent In the
extreme north. they have aboG- accom-
pIishee this l. $ a'<a aevelaped that Man
itcAs an- Canada generally have probably
rot raiSea enough whea. for their own
nsumptlon-certe lnly net good. rner-
chantable wheat"
There was nothing new today IN the 10
al markets. save t3at ranch eggs continue
very scarce. and are being io5be1 out at
$50, per dozen. Wholesale dealers were
paying &c % prodgcsrs