OCR Text |
Show WHEAT GOES TO NEW HIGH PRICE Sales to Europe on Chicago Board In Day Total 3,000,000 Bushels Chicago, Jan. 4. Europe's blttor need of bread resulted to day In rpuc tacular buying of wheat and sot now war prices hero. It was pointed out, howover, that the top quotations, $1.34 3-4 for May delivery, was still roundly CO cents a bushel under tho price forced here in 1898 hy Joseph Loiter during a world wldo peaco 11.85. Notwithstanding that wheat today at ono ttmo showed a rlso of 3 3-4c over Saturday night, tho upturn apparently ap-parently had llttlo if any effect on farmers. Country offerings wero do cldedly meager, as thoy havo been for somo tlmo past. Although tho prlmo Impetus for high prices came from seemingly unlimited un-limited export demands thero van no doubt that tho gonoral public bought wheat heavily, and especially) so In tho last hour of tho session. Millers too, wero sold to bo anxious buyers, fearing Uiat tho tremendous export call would lcavo thorn short of supplies. sup-plies. Roughly, tho total sales to Ku-ropo Ku-ropo today In tho United States were estimated at 3,000,000 bushels. Of this aggregate 750,000 bushols was doflnltoly known to bo for tho rollof of tho starving people of Belgium. Experienced observers failed to no tlco any unusual oxcltoment despite tho swift upward swing of tho mur kot. Tho ono Btrlklng fact wna tho steady absorption of ovory bushel of wheat effored for salo. Talk among brokers centered almost al-most wholly on tho Idea that for tho tlmo being the United States was virtually vir-tually tho only big exporting nation -hvtbo world. |