AMERICAN ITEMS

Hokitika Guardian, 27 February 1930, Page 5

AMERICAN ITEMS

STOCK MARKET,

(United Press Association—By Electric Telegraph—Copyright). NEW YORK, Feb. 25.

Bad breaks Throughout the Conti mental wheat markets, made dolla wheat an actuality in f.ict. Marti wheat reached ninety-eight cents a

Chicago before it rallied to a dollar, and was reflrotod in..the Stock Market where it added to the general news of the grain decline. Other world markets had, a,. sympathetic fall in

commodity prices/ There was a sliar break in United States still and

general sagging throughout the list. While losses of the stock market were not large, nevertheless irregularity continued throughout the day. The wheat position ‘ was strikingly bad. The fall in prices represented three to eight cents, the break reaching the lowest figures in sixteen years.

WHEAT PRICES. MONTREAL, Feb. 26. Wheat prices at Minneapolis and Chicago increased to-day following assurances of the administrative of support of the wheat market. Grain dealers in Kansas City area protested to Mr Hoover, branding the Federal Farm Board’s action in buying Wheat only from co-operatives as “con • hsoation of business.”