Salt Lake Telegram | 1925-10-29 | Page 5 | Public Blamed for Wheat Fluctuation

Public Publio Blamed for Wheat Fluctuation CHICAGO Oct 29 AP AP The The I public rather than the Chicago board of trade was responsible for forthe forthe the wild rise and subsequent break in wheat t prices early this year said sid Frank L. L Carey president of the Chicago board of trade trade in an address address ad ad- adI dress prepared for delivery before the Robert Morris as association liere here today When May lay wheat reached said Mr Carey it had reached its actual value But the public was wal seiz seized Seid if with a fever of spec speculation lation an and l rushed into th the wheat heat e 1 and bid at a it volume n never er before recorded There was no way to curb this stampede and and prices rushed 30 cents beyond their true true value Just as always always' happens happen When h n artif artificial ci levels arc estabI I a serious deflation occurred and prices were carried downward 30 cents beyond their true value The changes made by the bo board rd in its rules he said have met all the complaints of the critics or of the b beard ard and embodies the constructive construe construe- tive ti suggestions of its friends The Robert Morris Associates isa is a national organization of f bank banki i i credit credi t officers