AMERICAN ITEMS.

Hokitika Guardian, 29 May 1929, Page 5

AMERICAN ITEMS.

END R AIL) US PRICE DROPS. (United Press Association—P.y Electric Telegraph—Copyright). (Received this dnv at 11 a.m.) NEW YORK. May 28. A Chicago message states that farmers suffered an additional loss to millions in the drastic commodity declines of the past few months, when May wheat to-dav dropped to 96',. then rallied to 96'}, its lowest mark in fifteen years. Tn the collapse of the cotton and grain markets, on the basis of average crops yields. . more than 1930 million dollars of potential agricictural income were wiped out yeste'rdav and to-day. while in the wheat market a. drop of thirty-live cents since February accounts lor the loss of 820 millions. Wheat to-day closed. May 9fi : |. .Tilly 99'. September 10-IDecember 1081. • VANCOUVER, May 28.

Winnipeg is optimistic of the Canadian crop prospects, 'despite pessimism in Chicago and Liverpool, which brought the lowest mark for v. neat of ilie season. To-day. the market closing two and a, quarter to two and tliree-fpiarlci's down to the May quotation of 436', Chicago has Keen slashing grain to nieces to meet world competition, especially on the newly harvested. The United States wheat position was intensified to-day when every cereal traded in, established low records. CANADIAN EXCHANGE. MONTREAL, May 28. Exchange is 483}.