Show II i I OIIILIU WITH VlllT J i 4 111 1 In the fulness of the rejoicing I over bounteous harvests at home And with I i I the news of a so hort crop among our chief rivals so that prices have largely I large-ly J advuncea we are confronted with J f statistics from the great grain grow I Ing states of the northwest showing that the wheat yield will bo leis I liy BO000000 bushels than was tho whole amount credltel to that section The I I Dakotan and Minnesota are chargeable able with the falling off or most ot It I And 1C I there were any probalully that the rate of decline woull be main I talned throughout t It would be n very serloui matter Indeed so serious that Li j there would be but llttlo more than It needed for home consumption an Car f I I as this Peasoms crop Is Concerned naT fil i There Ie however much reaRon to believe that such w Sit I not be the caseIn nt to I a In the first place ns the matter Is I viewed at thli distance the quota of 4 wheat assigned to the states nameil i must have been oveidrawn this being I Ill I partly the placing I of them on an equal gt r nt t footing In that respect with the other I KlalfS of that section because of the i if f assured Increase generally It Is I fret I ty well understood that not only tho Dakotan and Minnesota but Nebraska I Kansas and Iowa as well while heavy I hot producers are not equal as such I to most Knot all of their more Conics ly neighbors corn being the cena t hlch more titan allY other I I flourishes In tho tOllner 1loce named It is I the middle a Till I more easterly of the northwesteri states that give the greatest wluat returns I i I turns as a rule and If they have gone ahead ot tholr average os moolne tile I ce whit 11 other ho but came lip to It the result by mOIIon would nt Orallonco seem to h 0 ahorl age where In fact the real 1 sllllollon is I neither that nor Increase Independent of all this Is the very obvious fact that a good deal of the up card movement In heot Is not nI t trlbutable to the action of the great 11S 11 law of u I ora ply and demand except ann S a-nn IncldKut Undoubtedly bounteous 4 i harvMB In the United States and a i great falling of In Argentina fir Instance In-stance would love n tendency to nl varic prices l omehat here but those 1 11 would not be any such spasmodl momelllo tip and donn an specula I tors delight In were not their magi I touch added to the situation The gentry gen-try who toll not neither do they Plain but live for the sole purpose of hav i Ing more vvrallh by clever manipulation manipula-tion have It within their pon er to Pull plemrnt final 1 even to some extent am f trol the liatuiul low Chicago In I tho I grain center of the country and 1 tom I I that point the trains radiates but It Is not nwtsar fair un operator to be right on the I i I ground In 1 order to participate In th spoils I Wllh u brokerage connected dl I rectl wllh headquarter b > telegraph I s j and synchronized tlmeileos on hand l i as good results can be obtained Hal I I Lake City as In the Illinois metropolis 10 J fne class arathers 10 11 IS 111hl I I to WaL I stocks on the market nnd by withholdIng withhold-Ing It thertfrom a enact llmo the Inevitable In-evitable tendency Is I for the nrllclo KI withhold to advance umwhnt In pi Ice the advance not bein gat ttlbulable U > any rrnl 1 present shortage I cannot last long and as soon ns It has gone about as far up tie scale as H li I likely to go the holdets who In this case are Joulllet go and the Inllux I thereby created produce the reverse movement or u decline Those who operate the ether way the bears then I Jump on the article whatever It Is I and crowd It own as far as pos slble when they load up nnd ore In turn ready for 1uloeo The art of the thing consists In knowing at Just what times tn take hold and let go anti it fw scron1p om tlruefi lOok 0 vast deal of difference This Pftl a form of gambling which o lt dt = has received n sort of legltlmnij from custom anti the participation therein of Vespcctablo business people It la I not however gfeatly different fiom tiny other form except In Its method The theory And results are the same In every case It li I rlmply nn effort to Increase the operator posiesilon h 1 > bidding against chance and making the thing bartered or sold the merest ngurehi in the proceeding Of course skill Ability running and coolness of Judgment and steadiness ot nerve are prime requisites and not ft little of the measure of success attained Is attributed to rvod luck It Is I thus easily seen that when we read ot wheat going to 10101 and falling back to US 05 at the close It does not mean that the higher figure was caused by the I discovery that there was less wheat In the country and l more demand de-mand than Was shown to hs the case when the lower figure was substituted by any means that would l be strictly a legitimate barometrical I Indication of the state of the market At means In this case that the bulls and bears are having their regular pastime |