IRE AMERICAN WHEAT GAMBLE.

Bush Advocate, Volume XXI, Issue 281, 1 June 1909, Page 5

IRE AMERICAN WHEAT GAMBLE.

PATTEN'S PROFITS. Press Assn— By telegraph— Copyright. / NEW YORK, yesterday. 1 Patten's position was so strong that ho could have demanded 5 dolhvrs a bushel. He accepted 34 cents advance and cleared £400,000 sterling profit personally^ and his associates £300,000. V Patten gavo his employees a bonus -of 10 'per cent on : their salaries forthe year. • • . ' • The Times' New York correspondent reports that most of tho losers are professional speculators. In the •opinion of many, Patten's contention' that there is less wheatf in the world tha-n is generally believed, proved *o be correct. .-./... „ ..' . % " . ..