Business & Finance: Wheat

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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