The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1897-08-22
WASHINGTON SUNDAY. AUGUST

s-sA~r- r. ere Balls started uri-=s climbing
aa oaes rnorz. Just bef5rs the Class Sep
temaex resched s. i-8E2s- easing or later %
g. 81. which was IRE official cioslng hg-
IRE. Daring tbs nexs no1E OF t1e eAFo
rsardarncriaEn again brcke loose. for the
wires announced dollar wheat at Chi
cago. A cher almost zs hearty as that
WHICH greeted re similar eyeut here yes
tersay. followed up from the pst. and bulls
shook ras market 20 Its fo1ndstion VIII
thear demands for more wheat. forcing
September sslA higher. 70 &ft7s- Il was
a fevsrIsh day, giving promise 81 sensA-
tiorzI markets n the future
While there wsTe several points IN the
re@s today whlcn, under ordinary e4Tcu1n-
stances. night have given the bears a foot
hold. they had 80 influences Ia view OF tie
ovsrpowerErg ouil sentiment among tae
traders Gables from Liverpool came 81 10
sZsd higher than last nlgnt. bat foreign
hueses sold a. nlGeh as they bought There
were no important export transactions and
the spring wheat outlook was u1a1e bright
er ny sunshine and warm weather. Cash
wheat No. ! Northern fob @2oat CLOSED
noninaIly az sli2
Total sales of futures were 4s71e GO bush
els Exports 0f wheat ard -four. bota
coasts. wera -. 90 bushels last week,
whlle Europe purchased about s.aoa.ss,
bushels more during The week AZ New York
ard outports. Closing figures on wheat ia
tures today we're about &C higher than last
year, and spot wheat aboat sc higher.
Closing Quotations.
August prices. Wheat. 81: corn. slEc;
oats. lsi.c. pork. SIS. lard, As5. rios.
S5s0. baghey. 96gI4c; rye, s53zc. tax. slls.
timothy. S-.sS.
The Effect tn Europe.
LONDON. Aug, 2l.-Ths fact that the
price Of wheat has reached 81 q busael
IN the United States has produced con-
siderable excitement among grain speeu-
lators and others in London.
The secretary Of the Baltic said: "Cf
course We have been caught largely
short. Tie rise in the price Of wheat.
with the uncertainties of the future. make
a somewhat hystericat market. The rise
OF SIX pence IN the price of barley. for ex-
ample today was due 10 no assignahle
cause. There is no speculation here,
though there Is some at Liverpool"
The secretary of the corn exchange re-
marked: There is no speculation here
as sCCh transactions are generally known.
There has been a disposition ca the part
Of the outside public 10 bear the market.
bat the brokers have dfssgaded their
clients from 50 doing. The rise in prices
yesterday morning and today was not
due 50 much TO the dollar wheat as 10
the buying by France where the harvests
are proving disappointing The millers
are short. The brokers have not made
much. as they held no stocks. bat II Is
needless TO say i/e rise OF half crown IN
the price Of what yesterday makes the
liveliest times on Mark Lane. The
Americans have apparently got it all their
own way"
Homiiy to Both Parties.
The Westminster Gazette this afternoon,
referring to the rise in the price OF wheat
says:
1t Is an unmeriied stroke of good luck
which ought TO have been overtaken By
swift calamity for shameiessly paying
election expenses 10 the trusts by passing
OF the Dingley bill" Al the same time the
Gazette flnds comfort in the allegation
THAI the Bryanites are made 10 look fool
ish." and adds:
The Western farmers will see az once
that high prices are compatible With a gold
standard. and the destruction Of Bryan
and his panacsa Is bound TO follow But
If President Mckiniey's supporters are
wise. they will not for a moment imagine
that. when they dispose OF the silver
craze. they will dispose OF the revolt
against the American capitalists. Who
have never used their power SO ruthlessly
as since me last election
The Westminster Gazette then proceeds
10 Genounce the ~extortlon" or the new
United States tariff. which. Il adds. is one
of the most fruitful sources Of corruption
OF pubic men and public servants
In conclusion the Gazette says: The
degree of success which has attended
Bryan shows that the Americans are be-
coming alive 10 the rottcuness Of some