World wheat markets during the week under review have been more lor Jess steady. Prices on the Chi-fe ago grain exchange advanced by 5 shel on speculative buytation of United States currency. Canadian prices, which had been pested during the ast, two weeks, jove been brought back to a free market, with the result that quotations gri the Winnipeg grain ex-fo hang [Nrave declined by 3 cents per bushel. Prices in Liverpool, Which is probably the only barame: ler for imported wheat prices, have been weak, and are closing 244. per omdred pounds lower, "he com: parative prices. for September fand September 14 have been aa fo) few: cage abt and 8 Winn find 8s.
and 07; Liverpool 83, 240.
week one mist conclude that. de-'From the movements during the
mand in Europe remains negligible, Mills are still buying. from hand to mouth. The crop report from the Argentine thee serious damage has teen dane owing to lack of rain had Very litre effect in Europe. Tis estimated: that the requirements for imports will be much, smaller. than Ian year. The only outstanding feature in the wheat markets is tne sous of nepetation proceeding in 'Arica, here the Government studying the question of paying 4 bounty "for wheat t0_be exported from the American Pacific Coast, The respective experts are closely studying the situation, and if the Government' decided to! pay such a bounty, the American" Pacific wheats) undoubtedly would became Competitive with "other varieties.
the other hand, this bounty can affect very niveh. the markets China, since American wheat has been forthe past three seasons ne Srely' out of ling, and the bounty would simply allow the United States to compete for the business which might sooner or Tater exist Chin The last cargo of Argentine wheat has arrived in Shanghai good condition, and this shipment completes the purchases which loca) millers have made during the past The Shanghai flour market is still very depressed. Demand flour has" continued very which isin trade circles con ed probably due to the tremendous-low prices for rice. Tt has to be seen which attitude local millers will adopt. if prices. tinue on such alow let matter of fact, flour prices in Shanghai axe the lowest anywhere in the world.
Text read from the printed page and cleaned; old type leaves the occasional error.