London, Aug. 4.
With wheat prices assuming a fresh spectacular rise to the highest levels since August 1890, the belief that the Focent boom might fizzle out as the North American drought showed signs of breaking has now vanished.
The American wheat rep, it is cal culated, will not exceed " 630,000,000 Dushels, necessitating imports of at Yeast 30,000,000 bushels, while, for the frst time for many years, both France and Spain ate also likely to be importers, "me Canadien prairie crop catimates grow successively lower, now being around only 210,000,000 bushels. Maize and linseed in the United Stales are suffering equally.
Moreover, while blistering heat 40 ravaging North America, farmers in the South American continent have been experiencing downpours which have been limiting the expansion of the Argentine acreage and endangering yield prospects.
Owing to the damage to maize and wheat, itis apparent that the demand for animal feed wheat will be me creased and much inferior wheat will be diverted for this purpose, As the "Financial News" remarks, the "Argentine crop is now a very important factor in the future, as, under normal, it might create 9 enuine wheat shortage—Reuter,
Text read from the printed page and cleaned; old type leaves the occasional error.