Rensselaer Semi-Weekly Republican, Volume 19, Number 50, Rensselaer, Jasper County, 25 February 1898 — NOT YET AT THE TOP. [ARTICLE]

NOT YET AT THE TOP.

LEITER SAYS WHEAT WILL GO STILL HIGHER. J V 1 State of the Crop and Not the Explosion of the Maine Responsible for Flurj-y ill the Market—Fifty Die in a Pras- - sian Mine. -*• Conditions Favor a Rise. Joseph Leiter of Chicago, apparently bearing up manfully under his terrible burden of some 18,000,000 bushels of cash wheat estimated to be at his disposal in elevators all over the middle and eastern as well as the western cereal-growing States, was interviewed by an inquisitive reporter the other day. “The upward movement of wheat,” said he, “ was not caused by a war scare. It was only the result of the shorts trying to cover. The high price of wheat is due to nothing more nor less than natural conditions. The Argentine Republic has repeatedly reported a falling off in the estimates of its crop; Australia has produced nothing for two seasons and the output of the south-’ ern hemisphere is almost an entire failure. These circumstances, and not the Havana explosion, are responsible for the increase.” “Will wheat go higher, and, if so, how' much?” was asked of Mr. Leiter. “It is bound to go higher, but how much more no one knows,” responded Mr. Leiter. Blown Out of the Water. High and dry on the meadows at Maurice Rives, on the Jersey side of the Delaware, firmly imbedded in. the soft mud, lies the big three-masted schooner Maine. It is a victim of the fierce northwest gale. It was while the wind wob blowing its hardest and sweeping the waters of the Delaware seaward that the Maine, lying at anchor off the mouth of Maurice river, was caught in the full strength of the tempest and tossed like a child’s toy back upon the bosom of the rushing waters and hurled far inland. The Maine, at the time it was lifted and borne shoreward, had a cargo of pig iron aboard, which goes to show how strong the rushing waters were and what terrific force lay in the wildly sweeping gale. Mob Destroys Property. Rioting has been resumed in Lonoke County, Ark. A snob has been at work for the last several nights in Crooked Creek township, burning and otherwise destroying property. Nearly every school house in the township has been burned and other public property destroyed. The grand jury of Lonoke* County, which has adjourned, says in its report: “We have made especial efforts to investigate and ferret out the depredations and outrages committed against some of the colored residents of the town of Lonoke, blit regret to state that our efforts have been without success, and we-are compelled to refer these matters to the next grand jury.” Part of Kansas Pacific Sold. The eastern division of the Kansas Pacific road, 140 miles in length, was sold under the first mortgage at the Union Pacific depot in North Topeka. Judge W. D. Cornish of St. Paul, special master, conducted the sale, and the property was bought injjy Alvin W. Krech on the part of tha/fPorganization committee for $4,500,0qb.’\The same party of attorneys and r4flwpy men as witnessed the sale of the road under the Government lien the day before was present, but the crowd was not so large. Fifty Die in a Mine. A terrible explosion of fire damp occurred in the Vereinigte Carolinenguleck colliery at Hammeerly, Prussia. Thirty-sev-en bodies were recovered. Many miners were seriously injured. It is believed that 50 persons perished.