Rensselaer Republican, Volume 12, Number 37, Rensselaer, Jasper County, 4 June 1880 — The American Wheat Ring. [ARTICLE]

The American Wheat Ring.

The realization of the pleasant anticipations of the warket, however, may be interrupted by other besides political influences. For example, the sudden break cf the wheat ring at Chicago, or rather of the unscrupulous speculators who have been trying to create a gigantic food monopoly in order to profit by artificially high prices, would not be without considerable effect. There are in this American ring a gang of leading stock speculators, ana if they were to collapse in one department, their collapse would extend ijs effects- to the other as well. A cpllapse in the American stock market would then extend its influence here. There need he no pity for the adventurers who hare been trying to bring about an artificial grain famine in Europe by withholding from* the market the produce of the United States, if they should burst They are vulgar gamblers of the worst type. It was their, threat to starve Europe by keeping 80,000,000 quarters of .wheat that would haVe flowed thither in

the natural cuiirae. stored apia. America. But their avarice has overleaped itself. declined in ;March to $1.46, and in AEril Ithe price was about the same. It > now certain to go lower: and the memwwbf HSr, new wheat within one month date, aajtenw, .threwis nm nhaenaeiiw sji pains going higher, and the expenses connected with Keeping the wheat, including storage, insurance, -interest, etc., will not be teach less than 30 cents par bushel. The grain must therefore be brought to market and is now beginning to arrive, and the ESSSE2S3S ring must be enormous. If they are, as we suppose, the same speculators who have been inflating the -stock and share market* in America, the one will react on the other and the effect will be disturbing here as well for a time. —London World.

Adobes from CopfctantiflWplAyepoft ttu| after the Jeturn of Mayfifird.ihe Am erf. can Minister to QfinStantiWopla, Pasha rife, newed his protest against the jurisdiction which Maynard had assumed, through orders from Washington. -Maynard has gone to Alexandria fotry'sftCthor American, accused rtjpgaßdering; an Egyptian. .It, iiVbeUeved that the Egyptian governnteit'" Wllr" protest against Maynard’s assumptions of jurisdiction, and ignore it. Philadelphia has contributed $20,000 to the sufferers by the Milton fire, ana other rAwmws awm* and some of tktt. business hotmse ’ft WWFJtIte jtolittbdow st fitt 8 : lfl ppo'<P#9««9* . |j