wheat underwent a moderate general
setback. ‘Corn and oats were easier,
corn starting at 74 to % decline, and
subsequently sagging a little more.
Provisions showed strength.
Higher estimates of wheat produc
tions in Canada appeared to be again
acting as a handicap to the buying side
of the wheat market today, largely off
setting unfavorable European crop ad
vices and a falling off i nthe amount
of wheat on ocean passage. Notice
was being taken, too, that for the
fourth consecutive week the United
States’ visible supply showed a large
increase.
With no indications of immediate
liberal export business, and with the
movement of the Canadian wheat crop
close at hand, considerable attention
was given to the fact that the price
level of future deliveries of Canadian
wheat is below' the current quotations
for United States wheat. Friends of
higher prices, however, contended that
the world situation in wheat for the
season looks very bullish after the
market had felt the full effect of the
Spring crop movement.
WHEAT— High. 1,0w.' Cloy
September l.StlJji 1 35% J-36%
December 1.30% ]38% 138%
May 1.45 1.44 1.44
CORN— „„ „. 0
September 80 -7<% -IS,,
December 85% -83 % .83%
May 91% .89% .89%
September 30% -38% -38 %
:»* US . Sici
sS?::::: j f :S|§ jfp; cST?
STEEL COMBINE SHARES
GOBBLED UP IN BERLIN
First Quotation of 130 in Bourse
Rises to 147—Orders More Than
Double Capitalization.
By the Associated Press.
BERLIN. August 24.—Shares of
the United Steel Works of Germapv,
comprising the Thyssen, Phoenix,
Rheinstal and Deutsch Luxemberg
Steel Works, with a capital of 800,-
000.000 marks, were introduced in the
Berlin Bourse yesterday. The Bourse
eagerly awaited announcement of the
first quotation, which was 130. This
rose later in the open market to 147.
