The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1898-05-12
flour Takes IT'S JUNl.
PROMISED ADVANCE or TWENTY
FIVE CENTS AxxOt Need.
tfenal reatarex-Droush In Calf
fUrase-(reRs Coed IN This stase
-Csnaatisas In f:~repe tneAangea

The wheat and produce market was coEs-
paratively inactive yesterday. aad such
operations as were carried on were en-
ttreiy wishout sensational features. The
market and the brokers' were res,.ag after
wrek Of extraordinary prices and an
usual deals. Flour jumped = cents The
Chicago Board OF Trade reports 10
Downing. HOPKINS 4 Co showed the
opening % May wheat at ak The aigh-
est point reached was sta and the lowest
E.7s. May wheat closed at Si.s, falling
on from Tuesdays closing price of q ce.sss
July wheat opened az sl.l&is 81 sss. ard
reached the highest notch at si,is The
lowest pein; reached YVES s1.esss, and the
csosing figure was a.ieiz. a drop from
Tuesday Of - cents September Opened
at s06si cents. and closed at sisS. an I'M
prosemeRt OF IL cents over Tuesday. De-.
csmber picked up sAade over the day.
before. IL opened at s. ceris and closed
at 81 cents. ia cents higher than Tuesday
In New York May Opened at SIS. s
cents less than the closing OF Tuesday.
and fe1 TO $l.ss. at which price Il closed.
July at sl.s5 at the opening. dropped TO
u.2. at which price 1t closed = cent
lower than the day before. September. at
IS cents at the opening. closed At ssss. a
loss Of y cent through tine day. bat 4
pickup OF cent over civsr,g Tuesday.
Liverpool was steadlr. ciosssg May at
I1s I'D a penny less than the day before.
but prices on July tumhiec sd ftam the
opening figures. although yesterdays and
Tuesdays closing figures were only ,aa
difference In favor OF Tuesday. Septem-
Der In Liverpool picked up Id. closing at
SIS Sd. loss Of end on Tuesdays closing
price.
Pork opened at siIs sz1 closed at
Sll.ssle. the highest price reached during
the day. AT one time ii was as low az $ii.
The markets yesterday were absolutely
unpro.ific OF story features. the difference
between New York and Chicago being
greater. however, than would be charged
against the freight haul rem the Interior
to the seahoard. Other Influences, which
local SPECTATORS do not attempt 10 ex-
plain. were undoubtedly at work, but even
they did not serve to ruffle the calm exc
terror of yesterdays specuiarsons. AS pre-
dicted In yesterdays Poss-Intcligencer
both the Novelty and Centennial mills
raised the price on all grades Of Hour
% cents per barrel. The selling price to
the trade for. patents was yesterday
quoted at $40 and $s8 for straights.
California Is not abe 70 profit by the
demand OF war on the market for mess
best. and all stock In the districts most
affected by the drouih are being rushed
to Kansas City. A reorganization of the
general wheat situation in the world. sent
out By the San Francisco Trade Review.
shows an unprejudiced view and is as
follows:
There has been no material change in
reports Of condition from European COIN
tries within the week. England had some
cod, dry Winds and rain ~ desired, but
that IL Is necessary - not claimed. France
is advancing steadily toward the rea.iza-
ton OF high expectations regarding both
quantity and quality. Other less impor-
tan. European countries have gained
ground lately. and nothing remains Tor
the croaker bat the fact that Russia may.
possibly not live up TO promises that have
been vigorously Whitfield at every point
whenever opportunity presented itself,
The latest from confessedly bull sources
Is not OF = nature TO stimulate buyers.
since what was bad in some sections or
supposed to be %, was with just as much
definiteness compensated for fri other Inn
portant districts; so that on the whole
Russia's actual condition il just about as
little understood az usual fact that does
not ~ the least discourage or restrain
those who always use the uncertainty as
4 lever with which to pry up wheat.
Meantime that country which r. period
ieaiiy to discontinue shipments is Just az
lavish as ever with her wheat. and seems
really 10 intend TO provide wheat Just so
long as others will pay for II, The Argen-
tine Is also the field of animated confcn-
ton. and fine prospects have been In that
case also pared. until minimum surplus
for export would about appear TO cover
the case. the repetition OF . s.000,00O quar-
ter estimate evoking q compassionate sort
Of criticism about the merits Of persist
ence on that side. Regarding America
matters are stu. quite favorable on the
whole, both as TO area ard condition, the
former being unusually large and the lat
ter particularly good. The winter Yield
should be one or the largest. and. with
good start on an Increased acreage. the
spring wheat should. with favorase
weather. bring the tota, yield for the sea-
son mig up aiming the best returns.
The California condition has not for
years been 30 bad. No rain has fallen
for more than a month. and the area Of
possibility has steadily contracted. until
there II iittle left beyond low river land
and irrigated tracts from which anything
may be looked for reasonably, unless very
heavy rains come soon. Even IN that event
II is . question az to how far the recia-