Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1897-08-24
IN The HANDSO OF UNCLE SAN
Condition Of Europe With Regard 10
The Wheat Supply.


New YORK, Aug. ga special
dispatch 20 The World from London
says great excitement prevailed ON the
LONDON, Livsrpo and GissRuw co L
exchanges over tie sensational .
vance IN the price OF wheel. a World
representative spent sume time Gu the
L.idOn exchange and talked with
several authorities. Oscst Frltcb,
manHger Of the rrm OF Rail- Bros,
Bros, sai-:
"Tuis big and sudden rise has taken
us completely by surprise over here.
/ don'l co slider IL is justified by cir.
cumstancet. AT the same lime our
market Is hImet tn ever aud the
price will hold ior some time apparent.
IS.
at lie due, in my,opi nj on, to various
causts, one ueing tue dig pear account
wuich was opened In New YORK.
o. orators got frightened and closed IL
10 cover themsulvee. 1 would I
venture to give q deli lite opinion on
The prospects OF prlces, the riss bsluP
10 view, 10 purely speculative anu
surpriE,n,."
Mr.. Wood. OF the leading firm Of w.
p. WOou & o., o, the corn exchange,
sal
"The outlook depends, in my opiu-
ion, on the financial situation ON the
other siue. II there If no money
trouble In the United s ates 1 believe
whe,t will 20 up apOIher 20 csnis.
They are i'm porting wheat this year
II N Amsrica to the Cuban province,
where they have never imported II be.
fore. We anu the " Oe OF Europe
are In the hands o America. 1t Ia the
only country We laye to look to for
our wheat. We milltTs are buvlL II
from hand to mouth, waiting Tor y
drop In price, which 60 not believe
viii come. A poor crop to Europs
generally 10 the csuse for the Tise-a
perfectly sound cause. l some of your
millionaires 60 into wheat, having
made gUoi deal out OF railways rom
which tuey are now Withdrawing, the
bonn will Isst."
Frank Wilson OF Montegredcu, e.
lerby & Co. ssiU: "FTaDce 10 a great
factor IN the situation. l have seen N
French buyer Just come ever from
Piris, who said 60 me OF the present
French crop, the more We see OF 1t.
the less we like IT,
"Tbere was q shortage in Francs OF
seveo million quintsls and tley have
already bougn 3.OO0,00U. II tue esti-
mate is too high they may be selling
coon instead OF buying. Here is u
eample OF q parcel OF wheat which |
offered six weeks ago at 20 shiiIings
n ld for which l have refused this
morning. Al snlllings. That 10 hard
fact whion cam Du biDksd. give
you M opinion; belle We the present
price or something near 1t will rule for
some time to come.
Ssth Taylor, tsr and away the big.
gest miller OF England, sslu: be.
lievr the rise springs rom natural
conditions, but In all my experience
nave never kuOwn an advance more
considerable IL SO short Il time with
cut any very striking Change In the
situstion. There Is, Of cJutse, The facI
that the whole c0ntinsntsl crop Is
short ans II the weather breaks IL the
north OF England before The harves,
10 over you will have the price up
auother Ave shiliings Ike shot.
The weather looks pretty Dsu lust now.
The condition OF France apparently
Is very serious. The Fftnch govern
msnt can save themselves from the
socialists anu ANARCHISTS ~ taxing oil
the wheat Suty II the present prices
are maintained.