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Show WHEAT TAKES A WILD JUMP Prospects of a World Shortage Results in Sensational Bulge in Prices. FLUCTUATING .PRICES May Goes to $1.63 July Soars Nine and a Fourth Cents to $1.33 Market Mar-ket Close Excited. Chicago, April 14 Prospects of a world shortage In wheat available for Immediate shipment resulted today in a sensational bulge In prices Business Busi-ness suddenly assumed large proportions propor-tions In the last hour of trading and prices fluctuated wildly, Jumping up at the rate of l-2c between transactions transac-tions May rose swiftly 6 l-4c to SI 63 as against $1.56 3-4 at the close last night. The advance was to within 4 cents a bushel of the topmost level since the beginning of the war. July wheat rose even more sharply than May, touching $1.32 1-2. a leap of 9 cents a bushel above last night. The ascent was accompanied by assertions asser-tions that the British government had ceased buying, having obtained all that was required for British needs and that a scramble was expected on tho part of ther countries for the small remaining surplus supply. Before the finish, July soared l-2c higher to $1 33, a total ascent of 9 l-2c compared with last night. Heavy profit taking broke the market back 3c from the top, but on a resumption of active buying prices started upward again The close was excited with the market mar-ket as a whole ranging 3 3-4 to 6c above last night. |