AMERICAN CABLE NEWS

Hokitika Guardian, 9 August 1927, Page 3

AMERICAN CABLE NEWS

(Australian & N.Z. Cable Association.) WHEAT. NEW YORK. Aug. 8. Chicago wheat quotations—September 14-2.1 cents, December IKS', cents and March 1 lIP, cents per bushel. Kutures advanced considerably on reports from Canadian, spring wheat regions that frests during the last two days greatly damaged the crops. Buyers dominated the pit from the opening of he recent Hood and rust reports from both South American and Canadian regions coupled with cold weather. Forecasts had placed trade in a position to advance prices at the slightest sign of damage to the crop.

WHEAT AND WEATHER CONDITIONS. (Received this day at 11.0 a m.) VANCOUVER. Aug. 8. A Winnipeg message states that the reports of frost in the Canadian west, sent wheat prices sky-rocking eight to eight and a half cents. A) ild trading was allayed bv the liberal offerings of wheat, and (.-lasing prices showed a gain, of six and one-eghth to six and five-eighth. October wheat closed at 1513, December 1471. Oats advanced ten cents. Forecasts cf a further drop in the temperature contributed to the advances, though the extent ot the damage by frost is unknown. Pools are telegraphing to their agents to ascertain the position in the various distrets.

COTTON CROP. Washington. Aug. s.

The Department of Agriculture predicted the season's cotton crop at 13,492,009 hales compared with 17,977,347 bales last year.

a mystery submarine. 'Received this slav at 9.30 a.m.) HONOLULU, Aug. 8

A mystery surrounds the identity of the derelict .submarine reported floating in the Pacific between Honolulu and Yokohama. A search of the records by shipping men of all world ports failed to shed any light on the name or nationality of the menacing hulk, which was reported to have been discovered by the steamer. Liberator. 1150 miles from Honolulu. Poisonous fttm-es were escaping from the hold of the submarine and prevented a search, therefore it is unknown, whether the bodies of the crew are aboard.