WHEAT FRENZY IN AMERICA.

Taranaki Daily News, Volume L, Issue 60, 6 July 1907, Page 3

WHEAT FRENZY IN AMERICA.

Wll.l) SCJ3N T KS JN" C1IICA(<0 AND NEW YOKK. New York. May l:). ' :, l scenes wore witnessed to-day at (ho wheat pits li 'Hi hero and in Chicago, in consequence of the adverse reports on <rop prospects. Mheai prices advanc.l lien', t rise unequalled since ih" sensational bociiii live years ago, when a similar scare resulted in wild speculation. At Chicago the brokers were wheat crazy. . Every firm made frantic effort * 1" I>u v wheat. One house employed thirty brokers to purchase every bushel available. Many firms dealt in millions <)!' bushels at n time. When the price reached 4s, the flhi-i-ajtn win at pit was filled with shrinking, dishevelled men, who discarded hats and coals and even waistcoats in their iretizy. The galleries overlooking the Hour were occupied by excited farmers and {heir wives, who cheered continually as the prices advanced steadily. "ne middle-aged woman climbed the vailing which surrounds the gallery, and waved her parasol wildly. Suddenly she lost her balance, and would have 'alien head-first on the marble floor below but for the presence of mind of a . man who caught her by the heels. ,

Several brokers emerged from the fray v.'itli their clothing torn to sheds.