The midland journal. (Rising Sun, Md.) 1885-1947, 1896-10-09
The Sudden Rise i'm Wheat.

The price of wheat some ten days or
two weeks ago made a sharp advance.
There are two theories to account for the
rise in price. There is no
decernable cause in all increased demand
or shortness of crop. Other agricultural
products or the things which the farmer
has to sell have risen along with wheat.
There is no natural cause in sight for this
sudden upward tendency for the farmers
produce.
One theory is that the English dealers
in bread stufs-for in the English market
is the place this rise has taken place
which is reflected by the American mar
ket-believe the election of Bryan is a
foregone conclusion. They are taking
time by the forelock and laying in stock
of grain and other American products in
advance of the rise in silver bullion which
they anticipate as soon as the success OF
the silver party is assured. With the rise
in the price of silver bullion rise in
American farm products is inevitable,
silver bullion having ruled the wheat
market of the world as expressed in Liver
pool for twenty-five years.
The announcement of Bryan's election
would check the flow of silver bullion to
Europe and cause all immediate rise in
price, which would be reflected on the
wheat and cotton market, as the fall in
silver has been registered i'll the steady
down grade Of prices.
It is also noticeable incident that
$40, 600, 900 of gold has suddenly crossed
the ocean from Europe to the United
States. One theory tributes this sudden
importation of gold to the same cause,
the belief on the part of the foreign cap
italists i'll Bryan's election and the remon-
citation Of silver, which would be imme-
diately felt in general advance in prices
and business. This fact being foreseen
the Old World capitalists are fastening
to make investments i'll the best properties
while at bottom prices.
This is one theory. The other is an
electioneering strategy. By sudden rise
in the price of grain and other farm
products and the shipment of gold to this
country, they hope to ally the apprehen-
sion that the ruinous down grade of prices
will be continued under the gold standard,
which the election of Mckinley would
mean, and the issue of bonds to sustain
that policy. If this apprehension of the
farmers can be quieted by the sudden rise
i'll the price of wheat and the assumed
Confidence which the election of
Mckinley is promised by the goldbugs to
restore the hope is entertained that the
stampede of the trainers from the repub-
lican party to the free silver side will be
checked, and they may be persuaded to
return.
The British are deeply interested i'll the
continuation of the gold standard for this
country and low price of farm products
which it insures and are willing to make
fictitious price for wheat and the ship
ment of gold to the U. S. till the election
is sover. We are inclined to accept this
last theory as the correct one. Goldbug.
ism is mighty nervous just now i'll both
England and the United States
What strengthens our opinion in the
latter theory is the sudden rise in wheat
at the same time a decline in silver is
worked. The manipulation of both silver
and wheat is in the same hands. The
Rothschild papers which are booming
Mckinley are calling attention to the fact
and claiming it "a silver fallacy ex-
ploded." This little game will not de.
ceive many farmers, with the facts Of
twenty years against it. Goldbugism is
being pressed to the wall.