World wheat markets have a rather unsettled undertone, The entire position is influenced by the weather in the United States, due to the fact that the lack of rain has caused serious crop damage.
At the same time, it must be noted that the European ' markets are not nearly as strong as the American market, which leads one to conclude that the developments in the United States may become a domestic price affair induenced by sentimental or speculative actions. © Should the weather in the United States turn in favour of the crop, the market undoubtedly will take a sharp reaction.
"The wheat situation in Shanghai is practically unchanged. Local mills show no interest for foreign wheat, Arrivals during the past two weeks have been rather heavy, but it must be considered that except for Government wheat mo further indent 'The Shanghai flour market is fairly steady. Prices have some what advanced; but, considering the healthy situation of' the rice market, the Shanghai flour prices must still be called very low.
Text read from the printed page and cleaned; old type leaves the occasional error.