The Cecil Whig. [volume] (Elkton, Md.) 1841-current, 1896-10-10
WHEAT UP,
SILVER DOWN.
A GREAT NATURAL DISASTER
BEFALLS THE BRYAN
CAMPAIGN.
Plain Supply and Demand Knocks the
Wind Out of the Calamity Orators,
Who Tried to BefUOl the West
With a New Reason for
Cheap Cereals and
New Remedy.

Nothing has so annoyed the Bryan man
ayers as the recent sharp advance in the
price OF wheat, while silver keeps going
down. The higher prices for wheat at Du-
luth, st. Paul, Milwaukee, Chicago and New
York have utterly destroyed the stock argu-
ment that has been used by the BRYAN
speakers with the farmers. These Bryan
speakers, ever since the campaign opened,
have attempted to influence the farmers by
telling them that the reduced price of cereals
is the direct result of what they are pleased
to call "the crime of '73, or the demonetiza-
ton Of silver" The vast majority Of farmers
all over the country are thinking people, but
in some sections some Of the farmers have
been taken off their feet by the reiterated
statements of Bryan and his speakers. These
were the farmers who had suffered severely
from the reduced price of cereals, and who
in their distress were ready to accept any
quack medicine offered with Il promise Of
relief.
All this has been changed by the recent
sharp advance in wheat The price of wheat
has gone up approximately 10 cents u bushel
within the last thirty days, and this advance
has become one of the factors i'll tho poll. cal
campaign. The Bryan managers see the
force of it, and are distressed because of its
effect in the middle Western, Northwestern
and far Western wheat-growing States. The
Popocratic Chairman, James X. Jones. when
he was in town the other day, was very
much perturbed. Many of the Bryan
shouters have declared within the last forty
eight hours that these higher prices have
been brought about by manipulation. But
it is matter Of indisputable fact that the
wheat spectators have been the only actual
sufferers by the advance in wheat. Only in
the last two days have the spectators on the
Produce Exchange and on the Chicago
Board of Trade begun to get their eyes open
The have come in at the tail end of the move
ment. and those with whom the N. Y. Sun re-
porter talked yesterday declared that they are
now waiting for reaction in the price of
wheat before buying for n further advance
Mcintyre It Wardwell and other well known
firms on the Produce Exchange, which accept
margins for wheat speculatons from their
tuStOIltIS, nave DttH lDlDP Illlt OF mourning
on the speculative side of the market This
is true also of the Spectators in Duluth, St.
Paul, Milwaukee and Chicago. In other
words. the spectators have only Just
awakened to the situation.
The advance in wheat has been caused by
legitimate influences, and no persons know
this better than the Bryan managers. EN-
Governor Roswell p. Flower said ut Chicago
that the reduced price OF cereals in America
was due entirely to the sharp competition
with which American farmers were confronted
by the what growers of India and Argentina
reiterated his statements and supported
them by an elaborate array of facts and
figures. All this time the Bryan speakears
had been directed to declare that the reduced
price for cereals was due entirely to the
crime of 10 or the decentralization of silver
Mr. Flowers words have been substantiatel
very much quicker, possibly, than he anticf
pated. The cash price for No. 2 red wheat
closed Tuesday night at 70 cents Il bushel,
which represents approximately rise OF 10
cents in about thirty days.
The stock of wheat. -four an" corn at
Liverpool yesterday and year ago yesterday
is shown by this table:
Oct. 1. Sept. l., Oct /.
1896. 1896. 1895.
Wheat bushels 1.496. 500 2,O4s 900 6,4s9, 200
Corn, bushels TO-. 500. 600 4S1 200 6S1, 800
Flour sacks .... $4,000 1920 81 800
The table tells in itself the reasons for the
recent sharp advance in wheat. To bring
them out more clearly Sun reporter talked
at the Fifth Avenue Hotel last night with
Jacob Amos, OF Syracuse. Mr.. Amos is one
OF the largest millers in Onandaga county
He said:
"The advance in wheat is due to the fact
that the Russian crop is short about 40 per
cent, and that the crops in IGdia and Ar
gentina have suffered from drought, so much
so that the exports from India and Argentina
to Europe, especially England and the
Continent, have been very much below those
of last year.
Our exports Of wheat since the beginning
of September have been G,57O.GS3, against
3,775 ,344 for the same period in 1895 and
1926 99 in 1894.
Travellers from Chicago reported last night
that the Popocratic national managers in the
Windy City had been completely ratified by
higher prices for wheat These travellers
said the farmers in the wheat-growing States
had not been seriously influenced by the
rattle-hrained argument of the Bryan speak
ers, but the honest-money men are very
much pleased just the same by the legit-
mate export demand for wheat at this time.
for the reason that it is the clearest and most
substantial argument to refute the nonsense
ofthe Bryan speakers about the real cause
GEAyA SIN o.