San Antonio daily light. [volume] (San Antonio, Tex.) 1886-1907, 1897-08-24
We HAVE THE LIONS TAIL
And Re Is Roaring Be-
cause We Pull it.
ENGLAND DEPENDS ON US FOR
WHEAT AS WE ARE THE
ONLY CHANCE.
One Large Dealer Says They Are
In Our Power And Cannot Get
Along Without U.s. Says
That We Are The
Only People.

sNVN iVih, aug. a uiSpdtCu "
the World from London, says:
Great excitement prevails on the
London, Liverpool and Glasgow Corn
exchanges over the sensational adj
vance of wheat. A World reporter
spent some time on the London ex-
change and spoke with the leading
authorities in the trade on wheat
prospects.
Oscar Erich, manager of the great
house of Ralli Bros, said: ''This big
and sudden rise has taken us COM
pletely by surprise over here. 1 don't
consider it is justified by circumstan-
ces. At the same time our market is
firmer than ever and the price will
hold for some time apparently. 1t is
due, in my opinion, to various causes,
one being a big bear account, which
was opened in New York. Operators
got frightened and closed it to cover
themselves. would not venture to
give a definite opinion on the pros
poets of prices, they being, in my view
purely speculative and surprising"
Mr.. Wood, of the firm of J. p Wood
and company, of the Corn exchange,
said: "The outlook stands, in my
opinion, on the financial situation on
the other side. II there is no money
trouble in the United States, / believe
wheat will go up another twenty
cents. They are importing wheat this
year from America to European pro-
vinces where they have never import
ed it before. We and the whole of
Europe
ARE IN THE HANDS OF AMERICA
ut is the only country we have now
TO look to for our wheat. Millers here
are buying from hand to mouth, hold
ing back for a drop in prices, which
l do not believe will come. A poor
crop in Europe generally is the cause
of the rise-a perfectly sound cause.
If some of our millionaires go into
wheat, having made a good pile out
of railways, the boom will last"
Frank Wilson, of the leading firm
of Montegrediu, Ellerby and company,
one of the oldest, wealthiest and most
respected firms in the London trade,
said: France is great factor in the
situation. l have seen a French buyer
just come over from Paris who said
to me of the present French crop:
The more we see of II the less we
like it, There was a shortage in
France of several million quarters and
they have already bought about three
millions. If the shortage is over es-
timated they may be selling instead
of buying day or two hence. In
that case prices will be dropping
steadily. Here is sample of a par
eel of wheat which / offered six weeks
ago at 20 shillings and for which
have refused this morning Al shil-
lings. That is a hard fact which can
not be blinked at. But if could tell
you definitely about the prospect of |
prices | could make my fortune in
week. | give you my opinion. l be-
lieve the present price or something
near it will rule for some time to
Gomez
Seth Taylor, by far the biggest mil
Ter in England said: 81 believe the
rise springs from natural conditions,
but in all my experience have never
known an advance so considerable in
so short a time without any very
strong change in the situation to ac-
count for it. There is. of course, the