Evening Republican, Volume 20, Number 191, Rensselaer, Jasper County, 10 August 1916 — Chicago Wheat Market Stages Sensational Rise Wednesday. [ARTICLE]

Chicago Wheat Market Stages Sensational Rise Wednesday.

As confidently predicted at the close of the board of trade Tuesday that wheat would soar to an unprecedented mark on Wednesday, the prediction was made good when the wheat market shot skyward. At one time the ascent, of prices amounted to 11 3-4 c a bushel. Trading closed in. a whirl of excitement, showing net gains of 10 5-8 c to 11 3-Bc, with September option at $1.44% to $1.44%, and with December to $1.48 to $1.48 3-8. Something of the strain involved and the far reaching consequences may be realized from the fact that, according to the United States government crop report, which was the principal cause of the day’s excitement, the domestic yield of wheat will be 358,000,000 bushels smaller ..Qian was the case last year. No such shortage had been foreseen by even the gloomiest prophets.