AMERICAN ITEMS.

Hokitika Guardian, 26 July 1924, Page 3

AMERICAN ITEMS.

[Reuters Telegrams.]

U.S.A. WHEAT’ PRICES. NEW YORK. July 2-1

Accord ill" to ii Chicago message, ■wheat prices, which during the last week have been sharply ascendant, have suddenly dro|:|cd overnight. been um: of conllictiiig Canadian mports togarding the extern of tin* damage h.V drought and Ida: k I let. These had caused .July wheat to reach IT’.] cents per bushel. September wheat Dll', cents, and llecciuber I'ilt rents, re-

presenting an average gain ol five cents a bushel over the figures cabled on July lf.th. hut their strength elded respectively to IJI. 12S. and KM cents.

The dowiiwa.nl l ilt oi |re e.s became a rout when .Mr Headley (Minister of Agriculture for Alberta) announced that the damage for estimates tire tpiito unfounded.

Mr Hoadlcy in admit tine 'crtaiit croj) failures, added that the situation liad been rcdcniccd by tortunate rains.

Nevertheless, it is estimated that the I'nitoil States will stdl ahv '- (I . j:er cent, of its crop ler I'd'-M. against 17 per cent, of the I !)—.'» orop. 'l'his increase is being already icllectcd in better conditions in the Mid. West of C.S.A.. notably in Kansas, where a huge crop has within a short time raised many agriculturists Imm the verge of bankruptcy to the dawn of vast riches.