The Montgomery advertiser., 1909-04-18
MARKET LEFT
 TO ITS FATE Memorable Speculative
 Week Ends. JAMES A. EATEN TALxs
Says Wilson's Estimate of Avail
 able Supplies is a Joke.
As To Taik Of Removing Tsria oe Wheat 4. ss.b At Manapu- Iators, Pattea Is
 For It.

f 2 ]
 Chicago. April l7.--After a menofs able speculative week. the tickers good night" was received af noon today with deep sigh of relief from board of trade men. not to mention an army of laymen drawn Into tbe ror- tex of the wheat pit by the publicity given James A. Patten. the bull lena- CT and his following
 Good night meant 6 day and half for quiet reflection on the great problem of the season: VIII the pub- lie eat this year's or lastsyears wheat three months hence?
 Today sMr. Patton personally left the market to its fate. which fate. from the view of the Patten crowd tnl- proved considerably as prices advance Mir. Patten paid his respects fo scc- retary of Agriculture Wilson. deciar- ing that the latter's estimate of avail able supplies is joke. and lectured reporters, who he alleges have been more entertaining than accurate in their stories.s
 As to talk of removing the tarifr on Pntten was for H.
 ..t'm in favor of removing it right now. because we will have to do ik inside Of ten years at any rate. IL would not .afSect the price of wheat q penny, for the markets of the world are on a parity right now. Take oxf the duty on corn. oats and livestock. too. for 1t will not be long before we will have to import them. have safd hthis before and Jim Hill has been preaching it to the farmers nieng his railroads for the last three or four years
 aAs to MT. wilson. he is absolutely Incorrect There was not I4S,00o.o0Q bushels on farms on March l. n was nearer i0n.eoo0o0 bushels. My infor- nation 10 better than his and know what I'm talking about. But don'k take it from me. co to any big trader who pays ont his money for accurate information on which tu fink his capi~ tai They say hEye cosner In wheat I haven't. The wheat have wouldn't feed the worla tor one aay.- This weeks place thl apecnlaslve hls- toEx e due te .ss ths psastisaI pssssps . 1 sivs shkax xsinsnk 6f haiis and beafn afi along the line roneaKninK the pFeres prices Of July contracts for wheat From this time on the price or 3zay is likely to fluctuafe erraticAIIy. but 1t is said there will be little trading in it The bears admit that Patfen won in that struggle and that he is aIHAtSt or kAD REtSEs 1&8WSNA&s krH settlements of this delivery, it is said. remain to be made. The price during the week ranged between sI.as 3-8 and sf.2s 7-s and closed today at xls2z IS.
 July. which went tn &lls s-a under tremendous presearessn Thursday. etos- ed today within shade of the Beat price of the week, s1.is s-s. Whether this price is too high or too low cam not, of course. be known until the time for delivery on contracts. Both Sece retary Wiiso nand Mfr. Pstten have re- marked that "time will telIs and .'time' In the presetn instance means the two months and half from the present. That the fight between op- posing interests will be one of the most exciting In the history Of tho Board of Trade. no one doubts. Tn the aggregate 1t win be waged between those who believe in the accuracy of the government reports and those who pin their faith to the Patten view.