Rensselaer Republican, Volume 25, Number 41, Rensselaer, Jasper County, 8 June 1893 — CASH WHEAT SEVENTY CENTS. [ARTICLE]

CASH WHEAT SEVENTY CENTS.

Demoralization of the Chicago Market— Lowest In Thirty Years. Wheat at Chicago, Monday, sold at, with one exception, the lowest point in thirty years. The single exception was in 1887, during the reaction from the inflation caused by the running of a corner by Harper, the bank manager of Cincinnati. The great receipts with little outlet for the wheat, the fine weather, weaker cables, financial tightness and tho heavy load of wheat here all acted as depressing influences. The cash price broke below 70c early and decided many wagers made on such a figure. Then on the shaky feeling May touched 68%c, a price reached but once before since war times.