Eagle River review. [volume] (Eagle River, Wis.) 1890-1927, 1897-04-29
Brokers Greatly Excited.


At least three men are credited with
having made more than 100000 each in
wheat Monday. The closing Thursday
was at 69% cents. Chicago Board of
Trade men, and the people for whom they
do business, went home and thought the
matter over. Sunday they had great
mind to believe the price would rise. FIJI
day had been a holiday. Sunday was an
other season of inactivity as far as trad
ing was concerned. Then came the re-
ports Of a battle between the Turks and
the Greeks, and the blood of the traders
began to boil-not with Indignation, but
with a belief in a rising market. Monday
morning when the trading began there
was an instant advance of nearly cents.
So general was the belief in the demand
for breadstuffs from abroad, so fully had
the morning papers seconded the reports
of war in the East, so much more certain
did general conflict prove that from the
moment of opening there was an advance
even over the remarkable bulge at the
start. Cent after cent was added to the
ruling price. The scene in the wheat pit
on the Board of Trade was as wild as it
has been in years. There was clamor
that simply electrified the galleries-and
there was crowd up there from the be-
ginning, as if a premonition of great
things had gone abroad. The advance
was fought bitterly as bears could fight it.
An advance of an eighth was the signal
for the most frantic uproar. And when
the opposing side succeeded in checking
the advance fraction of cent, or in
sending down the pEce point, there was
an even wider demonstration. There was
a time when man could sell May wheat
at s cents in advance upon the closing
price Thursday. September wheat sold
down to 71A cents. The lowest point
reached by July wheat was 1879. At the
opening, and for half an hour before, there
was nothing but talk of war. II was fully
believed that war between Greece and
Turkey meant demand for grain. South
America is shipping nothing. India is
buying for her own people-and suffering
famine then. Russia is the only export
ing nation that has any surplus
Nominated by President.
The President Tuesday sent to the Sen
ate a long list of nominations, among
which were several of Importance, as fol-
lows: John A. Merritt of New York, to be
third assistant postmaster general; Cor
nelius Van Colt. postmaster at New York
City; James L. Davenport of New Hamp-
sure, uESl deputy COulHlSSIOuCI VI pSn-
sions; Leverett NJ. Kelley of Illinois, sec
ond deputy commissioner of pensions;
John F. Jackson, collector of customs for
the district of San Francisco CAL; Will
liam Youngblood of Alabama. auditor of
the Interior Department.; William A.
Jones of Wisconsin, commissioner of In
dian affairs; Milton G. Phillips, attorney
of the United States for the eastern dis
trict of Wisconsin.
Prominent Preacher Dead.
The Rev. DR.. James Brookes, pastor
emeritus of the Washington and Comp
ton Avenue Presbyterian Church. St
Louis. is dead of Bright's disease. He is
as we'll known in England as in this coun-
try.
Waves Engu1f an Entire Family.
Five lives have been lost in the flooded
lands of Lake County, Tenn. A skiff was
upset, causing the drowning of Jose Cans
and his entire family. wife. two sons and