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Show WHEAT JUMPS TO $I,57ABUSHEL Smashing of High War Prices Continues in the Chicago . Wheat Market. Chicago, Feb 1 Smashing of high record war prices continued here today to-day in the wheat market. On top of an advance last week, ranging from 7 1-2 to 8 3-4. quotations today jumped as much as 2 1-8 at the very outset, May delivery selling at $1.54 a bushel as against $1 52 7-8 when the market closed Saturday. Increasing urgency of European demand was indicated by a fresh upturn In prices at Liverpool Before midday another cent a bushel bush-el and more had been added to the value of wheat, May delivery rising to $1 55 3-8 Removal of Import duties du-ties on all grain by Italy and Sweden bad much to do with causing the now advance In quotations Dispatches printed in the tickers here close beside be-side tbe trading pit, said bread riots were taking place dally in Italy. Upwards of 5 cents a bushel had been added to wheat by noon, May selling then at $1.57. Traders were keeping a sharp eye meanwhile on returns re-turns as to the United States visible supply total which promised a big falling fall-ing off. Kansas City, Mo.. Feb 1. In answer an-swer to strong upturns In the Chicago Chi-cago and Liverpool markets wheat priceB jumped 3 cents nt the opening of the local market today May wheat sold for $1 46 1-2. The resumption of foreign buying on a large scale' was said to have caused the climb lu prices. Com was drawn up with wheat, gaining one and otie-eigbth cent a bushel 1n tbe flint few minutes and continuing upward steadily. |
