WHEAT MARKETS.
LONDON, 13th November. Wheat cargoes, in view of sharp declines in North and South America dropped Is to Is 6d, at , which level the tone became steadier. Parcels were in moderate request at'a similar decline. Futures: London, November)44s 2%d per quarter; December, 44s BV&d per quarter; January, 45s 3d per quarter; March, 46s Id per quarter; Liverpool, December, 8s 2%d per cental; March, 8s 10% d; May, 9s l^d. There is an unprecedented glut of grain in England owing to the enormous influx of wheat from Argentina. Storage accommodation at Liverpool is full and even overloaded. Ten ships are unable to unload about 1,000,000 quarters of wheat at the Merseysjde at present.
NEW YOR£; 13th November.
The: Chicago wheat' market, after dropping- to new low levels for the season, rose to a higher point after word was received of strong markets at Liverpool and Buenos Aires. The demand for cash grain also improved. Cash wheat prices were substantially below the price set in the Farm Board's loan table. The mills bought more freely, and foreigners were also credited with heavy buying. Futures closed, De-cember,-1 dollar 14 3-8 cents; March, 1 dollar 21 cents; May, 1 dollar 25 cents per quarter.
OTTAWA, 13th November. The Dominion Bureau of Statistics estimates the total yield of wheat for the present year at 293,899,000 bushels.
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Evening Post, Volume CVIII, Issue 119, 15 November 1929, Page 14
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223WHEAT MARKETS. Evening Post, Volume CVIII, Issue 119, 15 November 1929, Page 14
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