The representative. [volume] (St. Paul, Minn.) 1893-1901, 1896-07-15
SILVER GOES UP .
THE MOMENT SILVER RISES
COTTON AND WHEAT RISE
WITH 1T.
A Couple of Market Circulars That
Prove the Goldbuas are
Liars
News From New York and London That Tells
Its Own Story and Makes Good Point.

The reports Of Fridays cotton market
In New York were both interesting and
important.
The chief note was the recent rise in
price of bullion silver and the statement
that dt has had an almost instantaneous
effect on the cotton market. Just why this
Is SO is partially explained in Mcintyre &
Wardelrs New York cotton letter, which
we reprint:
Silver has lately been rising quite rapidly
and there Is big silver speculation in
progress In London based largely on the
spread OF free silver sentiment in this coun-
try. This may put up silver quotations
materially, and this greatly stimulated
Manchester's trade in cotton goods with
East India-in fact, Liverpool sales of spot
cotton In two days are 10000 bales, fact
which speaks volumes.
This may very well be supplemented by
the New York Suns cotton review:
For time this morning the situation
looked rather weak, partly owing to the de-
cline In Liverpool, where the work Of deci-
mating the weak bulls had not been quite
finished, but later on, when it was found
SA<sC NAoACAOoCCI udu WOhC up, OE dt least
owned up that it was doing a good busi-
ness, prices here rose rapidly. The Man
chester revival is attributed almost solely
to the recent rise in silver, which natur-
ally has a stimulating effect on business
with the East Indies. The early decline
here was all recovered on the double quick
the market rising to II points from the
lowest figures of the morning.
Now, here is testimony of the most un-
answerable kind right out of Wall street
right from the headquarters Of the money
power In this country. Moreover, the tes-
timony seems to be gladly impaired to the
public. There is cheerfulness, an Ella
ton, In the tone of the reports which we
quote that cannot be mistaken. It is de-
clared that. even slight rise in the price
Of bullion silver helps the cotton market
by stimulating Manchester's trade with the
/. far east.
This IS precisely what The Constitution
has been declaring for years-that the
value Of silver and the market price Of cot
ton and wheat are linked together and are
inseperable. The question arises here
and we invite the poor crushed and defeat
ed cuckoos to answer it: If the demand
for silver in the east increases the value
Of that metal, why will not the inexhaus-
t.ble demand of the open United States
mints restore the value represented by the
present ratio of Is to 1?
One more question:: If the slight rise
in the value of silver, whether it be
brought about by the eastern demand OF
by the certainty that the Democratic
party will declare for free coinage, tends
to advance the price of cotton, why will
not the rise of silver to the mint ratio in.
crease the price Of cotton in proportion?
Another question in conclusion: If the
increase in the value OF silver to the extent
Of penny fails to disturb the god value
why will the increase in the value of the
metal to the extent of Is. Cd. drive out
the yellow metal?-Atlanta Constitution.