Business & Finance: Wheat

For a brief period last week the Chicago Board of Trade supplanted the New York Stock Exchange as the dominant U. S. speculative force; the Pit held the Floor in thrall. Stock quotations closely followed grain prices, and the procession was almost steadily downward until the last day of trading.

Many are the difficulties of the wheat market. Chief of these are, of course, the factors of supply and demand. Last week the visible supply of wheat in the U. S. was

159,000,000 bushels against 114,000,000 a year ago, and an average of only...

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