The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1898-05-15

r. wheat decline In the pwisdpai mar
ksss Of the world. when the cereal - m
actual or speculative quantity. ID the
ans,cal resul, OF the near delivery OF July.
Coupled with this reason II the amount
If mot wheat that Was thrown upon the
.nrkSe n the high prices that week
axo ruled. Careful SPECTATORS and con-
.>rvativs investors. however. predict that
ma lusi ID temporary. and that the market
NH again see the same remarkable activ-
ny that has made the iss few days OF
: week Ago ssantfui In wheat dealing. a
eenapitulation Of tbs market since the
Gapoieonio advances created BY Letters
ootsling Of the years supply would show
that he has made q fortuss. COLOSSAL In
IT. proportions. and that he has made older
specu,atorp stand back aghast at the au-
oacsty OF the young man.
Letter has created prices that have made
nnoycy for the farmers or washington. OF
idaho. Montana. Dakota and Minnesota,
and CO all Western American territory
that feed their grains into the elevators OF
81. Paul. Duluth, Minneapolis and Chi
cagd Washington has sold Its wheat 10
San Francisco. and Ia turn 1t mas gone
10 Liverpool Letter held until the de-
marid made the market run riot, and
everything has played into his hands
l.sitsr held the reins and drove. LAYER
cool 4Tent up and asked Of San Francisco.
The shipments from the Atlantic coast
60 Great Britain were light. because the
elevators along the great lakes were
bursting with the wheat that Letter con-
sroiled and withheld. San Francisco could
not respond to the demands made by Law
urpoeI. and sought wheat In Washington.
and thu Washington farmers asked big
prics and got It. Indirectly. but undo
niably. the farmers prof'ted by Letters
specifications and owe him debt of graft
tude.
It is now believed that Letter has closed
put and that no stands more .han 5000, 90
90 the good for his past years work. IL
he 10 interested In July u y because other
enecuiafors need him His risk 10 at an
md and now the financial centers OK the
world applaud his executive genius. and
alder heads than his are shaken while APP
proving OF his commercial exploits.
II has been prosperous year Tor Wash
Nngton. and II promises TO be brighter.
Seattle has benefited In all OF ita cemmer-
cial departments because the state has
prosperea. Any ersa,ic movements OF
wheat for the next few weeks VIII not. 1t
IL believed be due to Letters manipula-
zion. The visible supply or spot tS small.
and July will see a great crop to meet the
demands OF the markets of the world.
France. Austria ard Italy have removed
the import duty on wheat: Russia has for
bidden lis expectation. The eyes OF the
world are upon America.
Eastern Washington Wheat.
NJ. +. cardin. Of J. @. Adams & Co.
9ngton. Everywhere he heard expressions
&c confidence in the crops OF this year.
The Eastern Washington people hoped for
Pain. not because II IL really needed at
Nhis time. but because rain would help.
Dir. cartiln says that he believes that the
9sglket will soon show an upward tend
ersy that VIII completely offset the slumps
Nbf the past few days. which he aacribes
40 the causes assigned IN the earlier para
graphs OF the article. An active market
rs sure 10 follow the suggestion OF de-
krression. July Il now thu Only active
option.
Seung MIR letter. who mas had such a
&trsrnendous ran Of luck, has been helped
out I'm his calculs Hons by unprecedented
conditions The war made Mr.. Letters
swheat so up Is cents a huShe. In Liver
siool and dragged him eut OF the tass OF
disaster, Every thing has heip,,d. and the
sfates which presided az hts birth took ex-
eeileut care Of him at least In his whsa,
deals es the past year. Following Is a
table that shows what he mace for him
self. /; also shows what he nnis for
the farmers % the country The benefits
were not all ore sided. and every farmer
I'm The Sorthwes, has profiscd by bis cam
raiss;
n hat lie Wade lnr linsclI