The Olneyville times. (Olneyville [Providence, R.I.]) 1887-1917, 1911-09-29
CANADIAN VOTE
SENDS FOOD UP
Reciprocity's Fall Affects Prices
in Grain Centres.
WHEAT TAKES A BIG JUMP
Exciting Trading at Chicago, Mime,
spolls, Kansas City and Other
Grain Msrkets-Increase in
Price Of Flour Inevitable.

Chicago.-Foodstuffs which nigh,
have been affected by an influx OF
Canadian products had Laurier and his
government not been defeated in Can
ada, rose sharply in price in all Amer
lean supply centres. Wheat led the
advance and was followed by -four,
when millers ignored their previous
price lists and adjusted their quota
tions TO figures more commemorate
with the advanced cost Of the grain
staple.
Oats. too, felt the effect of the Can.
adian vote, and as a result consumers
may expect soon 10 pay increased
prices for the breakfast foods. The
initial meal Of the day, in fact, seems
destined TO bear the brunt of higher
living costs within the next few
months, as il needed only the devel-
opment in the trading pits to add
force 10 the recent advances in cof-
fee and sugars. The consumers toast
and biscuit, wheat cakes and porridge,
II is probable, will but add to the woes
OF the housekeeper.
The greatest advance In wheat dur
in the week was recorded at Duluth,
There traders were paying as high as
s cents a bushel more for the grain
than the did before reciprocity was
rejected. Minneapolis, the greatest
milling centre of the country, showed
a maximum net advance of 6 cents.
Increases OF a less sensational char
acter were recorded at Kansas City,
St Louis, Omaha and Chicago. I'M
mense stocks OF grain in the elevators
OF this city acted as a check to a Sc
we're advance here, and brokers on
the Board of Trade bought wheat for
about cents more a bushel than they
had paid before the landslide in Can
ada. The Chicago market was the
lowest OF the important grain centres.
One Of the most prominent wheat
traders of Chicago advanced the opin-
ion that Spring wheat, the grade used
most extensively for fine -four, is due
to increase in cost 20 cents bushel.
A further blow to consumers, at
least a certain class, may result when
malsters have studied the situation
in the barley markets. In some CEN
tres the price advanced as much as 8
cents. This, il maintained, will prob
ably mean increased cost of materia,
to brewers, and, as has been the his
tory Of previous similar conditions,
the smaller sized beer glasses may
again become popular with saloon
keepers
Reciprocity, according 10 experts,
had no direct effect upon meat pro-
ducts, and its defeat is not likely to
add to the cost of lard, bacon and
ham.
When the full significance of the
Canadian returns was realized there
was great excitement on the Chicago
board. Brokers who have not been
seen on the floor for months rushed
into the fray in their shirtsleeves,
the crowds around the pits were so
dense that men fought with each 9TH
er for advantageous positions, the
roar that came from the excited and
thoroughly frightened shorts would
have put a boiler factory to shame; in
short. it was the first real market
that the Chicago traders have seen
for some time. Millions of bushels
were poured into the maelstrom to
check the market and give traders an
opportunity to cover and save them
selves from financial annihilation.