The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1898-05-12

PROMISED ADVANCE or TWENTY
FIVE GENTS ANNOUNCED.
Market Ensse<sy D<vesa - seusa-
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Tbs wheat and produce market was eoni-
pasassvely inactive yesterday. and such
operations a. were carried On were en-
tiresy without sensational Textures. The
market and the brokers were resting after
week Of extraordinary prices aud un~
usual deals Flour jumped 3 cents. The
Chicago Board OF Trade reports to
Downing. Hopkins q Co. showed the
opening OF May wheat at si7S The high
est point reached was 81 - and the lowest
SIS. May wheat closed ar us falling
on irons Tuesdays closing price of cents.
July wheat opened al n.lisssff. is,a. ana
reached the highest notch At si.ls. The
iowest rofns reached was sl.0sss. and the
closing figure was u.less. drop from
Tuesday OF ia cents. September opened
al A<S9a cent2 and closed at Siss. an im-
prevement Of Ia cents over Tuesday. De-
cember picked zap shade over the day
before. 1t opened at s. cents and cloeed
al 81 cents. rs cents higher than Tuesday
In New York May opened al $iS. s
cents less than the closing Of Tuesday.
and se.i 20 sisx II which price II closed.
July at $l.25 at the opening. dropped 10
$50. nj which price II closed. u cent
lower than the day before. September. at
IS cents At the opening. closed at ssx, a
loss OF = cent through the day. bat
pickup OF | cent over csesing Tuesday.
Liverpool was steadier. closing May at
rs 41td. a penny iess than the day before.
but prices on July tnmbied SID from the
opening figures. although yesterdays and
Tuesdays closing figures were only nd
difference In favor OF Tuesday. Septem-
Der ia Liverpool picked up Id. Closing al
S. Sd. loss OF zsSd on Tuesdays closing
price.
Pork opened at S1lW AID closed at
tsl.Sss4. the highest price reached during
the day. At one time it was as low az 81.
The markets yesterday were absolutely
unpro.ific or story features. the difference
between New York and Chicago being
greater, however. than would be charged
against the freight haul rom the interior
to the seaboard. Other influences. which
local spectators do not attempt to sx-
plain. were undoubtedly at work. but even
they did not serve TO ruffle the calm ex-
terror Of yesterdays speeuia ;.ons. AS pre-
slfcted in yesterdays Poss~fnteaigencer
both the Novelty ard Centennial mills
raised the prize on al grades OF -four
q cents per barrel. The selling price to
the trade for patents WAS yesterday
quoted at $50 and $Se5 for straights.
California 10 not abe 70 profit by the
demand of war on the market for mess
beef. and all stock In the districts most
affected by the drouth are being rushed
10 Kansas City. A recapitulat ton Of. the
general wheat situation in the world. sent
shows An unprejadiced view and il as
follows:
There has been no material change in
reports OF condition from European coun-
tr:es within the week. England had some
cod. dry winds. and rain - desired, but
that II Is necessary II not claimed. France
Is advancing steadily toward the realiza-
tfon OF high expectations regarding botf,
qusntity and quality. Other less impor-
tan: European countries have gained
ground lately. and nothing remains for
the croaker but the fact that Russia may
possibly not live up TO promises that have
been vigorously Whitfield al every point
whenever opportunity presented itself.
The latest from confesscily bull sources
In not Of nature TO stimulate buyers
since what was bad In some sections, or
supposed 10 be 30, was with Just as much
definiteness compensated for IN other Inn
pOrtant districts. 40 that on the whole
Russia's actual condition Is juet about az
little understood as usual, a fact that does
not In the least discourage or restrain
those who always use the uncertainty as
lever with which to pry UP wheat.
Meantime that country which n period
icaiiy to discontinue shipments in just as
yux fak AxoA vux4tA 49,.
really to intend to provide wheat Just so
long as others viii pay for It. The Argen-
tine IL alsO the field OF animated conten-
ton. and fire prospects have been In that
case also pared. until q minimum surplus
for export would about appear to cover
the Gaze. the repetition Of $500 900 quar-
ter estimate evoking a compassionate sort
OF criticisms about the merits or persist
ence on that side. Regarding America
matters are sti!I quite favorable on the
whole. both as to area and condition. the
former being unnsually large and the lat
ter particularly good. The winter Yield
should b. one OF the largest. and. with q
good start on an Increased acreage The
spring wheat should. with favorab.e
weather. bring the total yield for the sea-
son hiK up aiming the best returns
1.-THE California condition has not for
years been so BAG. No rain has fallen
for more than month. and the area OF
possibility has steadily contracted. unsil
there Il little left beyond .ow river land
and irrigated tracts from which anything
msy be looked for reasonably. unless very
heavy rains come soon. Even In that event
II Ii a question a. to how far the recia-
nation might extend. The result from
the most favorable point OF view will be
a heavy financial bow. from which 1t VIII
take tire state several seasons TO recover.
wasl'reton and Oregon have in a large
s-fcacc. and In the former case the out