SLUMP IN WHEAT.
———» —- , , " BEARS " PRESS THEIR ADVANTAGE. MANY BROKERS RUINED* ' ] THE "CORNER" APPARENTLY SMASHED. . ( j (r>y TEf.ECHA Pir-PRKfiS ASSOCIATION*—COPVRIfinT.) ' 3 New York, April 23. f A ffirthcr slump has occurred- in l the Ctrict ago wheat market. Hay-July wheat broke to t - -U cents below previous closing priies. Tho a "bears' 1 pressed, their adrantago, emphasising ( th'O fact that the' freak foreign riiafk'et!? Wofo' l'i eviderieo that there was no frorld-wido shortago. Rapid loss sales ensued. Four'houses h Sold ah aggregate of seven million ti ihcla. r Mr. Patten, who aiade. large sums a week f or two ago by speculating for a iise in wheat, ( but who has lost heavily during tho last day n s or two, lias left Chicago. Many brokers who j tl havo boon ruined are denouncing him a's a j : o Coward.- r - ' Ottawa, April 23. i- Canadian statistics show that. there -nlrO' Seven million bushels of wheat in tho olova- : a tors at Fort William, and five million in far- ( n mors' hands —both as the balarico of'the 1908 if crop. These reserves upset Mr. Patten's c&l- ( cnlations. Tho "corner" is apparently c smashed. •
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Dominion, Volume 2, Issue 491, 26 April 1909, Page 5
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191SLUMP IN WHEAT. Dominion, Volume 2, Issue 491, 26 April 1909, Page 5
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