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Newspaper
Moline Review Dispatch
Location
Moline, Illinois, United States of America
Date
Aug 21, 1891
Page
3
Wheat surged to 1.08 as bears faced frantic trading on the Chicago Board of Trade. European demand and central European crops were cited as key factors behind the volatility, with brokers wiping out margins and markets lively all session.
Reports from New York and other cities describe an extraordinary one hour and a half surge in wheat on Saturday with December futures rising to 1.14 and September to 1.18 as corn and oats also firm. Traders crowded the pits as buyers overwhelmed sellers and rumors of a European surplus influence rippled through grain rooms.
Sam Jones denounces gambling among stockbrokers and churchgoers in New York remarks. He attacks progressive euchre parties as gambling fronts and mocks Staten Island congregants while denouncing liquor and city crime. Other items note a Taunton girl’s illness and O Briens escape from insolvency.
In Springfield Illinois the People's Party of Dunols formed with A J Streeter and others directing a state central committee. A constitution was drafted and a full slate of officers named across districts as Peffer and Polk figures rally farmers to a nonpartisan reform program seeking mass voting power and a government money loan plan at 2 percent.
Treasury shipments to western points reach 40000 in small money to aid crop movement. The Healyites launch the Daily Trish News in Belfast as a rival organ. Victoria plans almost 3 million dollars in railroad bills with one million for Northern Pacific aid. Wres tler Matasada Sorakichi dies in New York at age 33 after long illness.
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