The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1896-10-18


- - First ~ - 1eoeon-
uavs uni5ea BasAsls - Ne oeaA
RssAs ~ Nearly %. eoo.ooo-
snun-s q Grain Laaas EnhanesA
$50 Rsr Aers-Msrtgsgss Rss1 or
- msssy h shs Baak-seana Hsesy
,sssss sn Every Tasn Z. eAs
1a11s-
- been . sudden change h the
- ~ 80 Of the staple products Of the
.:sS6 ubScn has made more converts to
-. 1nuud money theory than probably
~ efhAr combination Of natural CIR
ueuncee could have effected
!sGkaaf has advanced n cents per hashel
;ssS@ eha opening Of the wheat season.
|51ne Ne present month. from October
II n 1pts Of this has accrued. The wheat
1888 = converted, for while this has
n tsppening the price Of silver. sup
N the free silver fanatics. TO reg
|5S1o tie price Of ali grains, wtsea< IN
61Iesfey has been slowly declining
go wheat quotations have not raised
Sfe1neiy. bit have gone to their pres
|711fone 70 say to the farmer: See where
/ S - 80 when imDeaisd by the law of
5D10 end densa-ld."
n friday the Jump was cents per
~, while yesterday another spring
s. Il 81 . linait 70 I cents higher yet.
y Guo<atton In Seattle yesterday on
ri wheat was. No. I club. 7iQTz cents:
1890, HQ75 cersta. The markets Of
nmA ana Portland corre&ponded.
& ~ toe ten years past in the history OF
80 aAte, Or this country. hAs q rise
- u dine - suspicious TO the pro-
Szcow Ard 20 favorable to high profit.
81 1nU y this rise Of substantial and
nt character. but IL has happened at
n ppouirg 81 the season. when. accor-.
n y The most conservative estimates.
~ 0ege than Is per cent Of the crop
~ - otAfc has passed out Of the hands
~ ~ producers. though I'm the last three
lnp heavy saIes have been made This
0No opportunity for realization on al
&Nut lhA entire crop. Not only this. bur
Co1ng 10 low profits the farmers have
80 6oun expenses fully 8 per cent, the
- cost Of production being thus an I'M
etant factor.
Whist This Rise Means.
- crop for the state this year In be-
snop of last year was vel! cleaned IN a
~ surplus il to be added 10 these figures.
ni1e the lowest estimate and firfnx
- cost Of production at Is cents per
41nhA, the prof. of the state crop t!,ls
~ figured on basis Of 70 cents per
B zneaei - the selling price. amounts to
- The advance OF n cents since
- spanning OF the season represents n
IA gain 70 the farmers OF this state Of
QEeat excitement existed In ali the rrea.
neTcsa! centers of the world yester-
-. In New York SPECTATORS awoke TO
that wheat had gone up 81 cents per
al over night. . rise of IA cents since
preceding Saturday. Foreign buyers
~ Y the market. ana sOa.0aO bushels
b.e sold Tor export during the day.
Inicago IT the opening OF tho market
oushei could be had at less than Ia
- advance over the closing price OF the
eetofe. ana as the Gay wore on and
Il came In from all over the world.
eavenee went up to cents. and closed
eann ahead Of the closing price on FRI
80 These reports told OF great excite
s " London and Liverpool. where
9e was An advance OF 3 cents, and In
zA. whore wheat jumped 81 cents.
supply and Demand.
- reasons for this jump In wheat
~ which II bringing Toy to so many
- ~ the state OF Washington and
ing % many votes for William Ne
~ srs founded on the never-fail.ng
q supply and demand. Europeans
- reports show falling on In most OF
wneat-producing districts OF the
- . Dig deficiency IN the Russian
ana IN India an almost total failure.
~ which has heretofore been a large
and contributor TO the worlds
y drawing largely on our Western
s.aet supplies. Not only are they loading
sseas for Calcutta and Bombay from San
ssacasco. bat in the last few DAYS have
- seeking wheat on Puget sound. In
1luon to this. Australia is now in. the
.saet. ~ In also South Africa. The most
1eesnt argument In favor or the stability
"a ne rise End the prospects OF It's con-
sence u the fact that sober old Liver
~ leading the van. being cents a.
49, Sk CUT or line. and ahead that much OF
Sascako values.
q Portland there are now four ships
wheat and FIVE SHIPS are due.
- are Keeping the grain moving at q
svsy rate Tacoma has eight sn,rs now
sssasnx wheat, all for the United King
ssm Seattle has probably 5000 to 1000
- " wheat at the West Seattle eIeva-
q -. aad there the Irish ship Liverpool.
nFsesf vessel that has ever been on
49, sound. viii load 5nna TOM for Liver
-. Eagaaad Other vessels are due hero
M.Hs and the elevator viii have an Ii
e this year. Considerable wheat is
nom this s.ate 10 California, where
1 med for milling. Washington whoa.
many cases shrunken. ard this IA
"a. 49, y With the soft. fun grains of califor-
y make high grade fiour.
The Local Movement
movement az grain TO the local
| r.1 Aes tas been free." said Deputy State
.sa inspector NJ. David Cattle yester-
~. pn Thursday 81 enrs we're received
- ~ cars Friday ard 10 cars up 20 tho
80 nosi- iotiav. For the month so far
- nave been 40 cars This far exceeds
receipts Of fcrrser years for this sea-
- ~ september there were SO cars.
aSa Is aise cutie an Increase. Wheat
cone, - far. from Harrington. Moe
Efvess ard other rolnss in the Big
49, 80 country. Eureka and Dixie. in the
Malla Wala country. ard Pullman
Z ~ FAioase country. Movement .e~ms
eaiv well started. while the advance
pssess ought 10 have stimulate "a move
- more than Il has. There have e~en
- .eseipss from Idaho anas Keaarlck.
IL ~l[~A> lE. -