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Show EFFECT OF PATTEN WHEAT DEAL FELT IN EUROPE Chicago, April 16. The Patten wheat deal constitutes the principal topic of conversation in Paris according accord-ing to a cable from the French capital capi-tal to the Daily News today. "The Patten deal." sas the cable, 'affects the price of bread, not only in The United States, but in Europe. "Even in Paris, judges of repute have come to the conclusion that, to this deal, and to no other cause, is due the fact that Parisians are pajlng ik ally one cent per pound more for their daily bread than heretofore. "Last year, the French wheat crop was bad. That of tho year before, however, was so large that a surplus is fclill on hand sufficient to t last until next harvest Its price, as sell as the price of wheat for future de-Jivery, de-Jivery, must be raised on account of the speculation in Chicago and other American centers, or as M. Bachelier president of Iho Bakers' syndicate, bays today, England, Belgium, Germany Ger-many and other countries rapidly voiild drain Fi ance of its supply forcing it to bu in the United States or Argentina Ar-gentina at still higher prices than the French have to pay now. 'The bakers consequently liave had to raise the price of broad, he said, but he did not believe the situation would last long. "M. Bachelier added that the millers of France expect new wheat in July and the crop, he says, promises to be one of the largest ln years." |