Veteran grain men are already declaring that the present "bull movement" in wheat is the most wonderful one in the history of the trade. Cash prices have been driven above $2.00—a figure reached only in the years 1864, 1866-9, 1888 and 1916-21. During the years 1884-87, 1892-96, 1899-1903 and 1906, the price of wheat did not even reach $1.00 per bushel. Its highest quotation was reached in 1919, at $3.50; while the lowest quotation was seen in 1895, at 48 cents.
The continued advance is attributed to unexpected purchases...
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