GAMBLING IN WHEAT.

Dominion, Volume 2, Issue 483, 16 April 1909, Page 5

GAMBLING IN WHEAT.

0— — MR. PATTEN'S PLEA. a matter of supply and demand. ■ PRICKS ; NOT TO ADVANCE. (me ASSOCIATION—TOI'IItIOUT.) v (ltfec.■April- 16, 11,45 pan,) HOW Yorlt, April IS. Mr, tatten states that lie does Hot intend to advance prices any. further. • He maintains that there is sufficient wheat to juetify the corner in raising prices only iciioUgh to prevent the shipping- of' wheat from tho United felateS. ■ ."Tho real.,difficulty) V says Mr. -Patten. ■ 'is that the supply of wheat is not increaß' ing proportionately with the demands of the world's population." - TARIFF REFOnMER6 SEEK TO DRAW A MORAL. WOULD WHEAT-PREFERENCE STOP . COMEIUNDP - (Iteo. April .15, 11.40 p.m.) ! Lurttlott, April 15. -The "Morning Post" (Unionist and tarilf reform paper) states that Mr. Patten's ting litis secured threw million tjuarters of. the American Visible supply of • wheat. The '.'Post" comments: ( . ■ ■ •■■ . "If Canada and India thd ; Australasia TOM encßUfflgdd to produce, tho cornering of wheat Would be a ganlo of the past, for ft fing would never bo hblo to start operations." . [Dlitihg the fiscal debate in the House hf Ootnlilflns ill February, Mr, ■ Wj-hdliam, cS» Unionist Minister, advocated low dutle'siiHn foreign grain and meat. He I did not believe ftUCh ( & : WliSat duty would f hise " the price of bread, siiid oven it it did, to-tho extent of ii hrtlfpeniiy ft loaf; he would Still urge the necessity of adapting tl>6 policy for the.mitigation of other aild gfaver evils.] ALREADY A' FAILUhE. SPECULATOR'S £100,060 DEFICIT. New York, April 14. Messrs. Enuis and . Toppilliiil, . stock, brftkerß) ,•of ■ New . and: Chicago, hftVo failed. The liabilities amount to 1,5C0,000 dollars (£&40,000), dhd tho assets to 400,000 dollars: (£80,000). ' the"failure is due tospooulatioii in Wheat. ■' ' AUS'THALiAN JUICES IN LONDON, London, April 14.. Threa cargoes fif .Australian wheat have been . sold 'at; 435. 6d. per quarter, : and a fourth at 425. 9d. ' OAMBLiNC WITH THE PEOPLE'S BREAD) > , , VfcUidftAru—wife).* Asstfci AtioiO ;.. . DUncdln, April 16. •• ; Thb fallowing resolution was passed by th& Otago Trades and LivboUf Council at a meet-ing-to-night.:-- ..■■ ..■ -'•'That this cOUhftll directs attention to iho cablogr&fti appearing in tho daily papers to the, felfect-that a gamhlor, under the ilahie I of a spmi ation, made £100,000 ih etio day's deal ifi whoat, &,ild deplores t)io fact that theteihmel'cial system of trading makes it possible for .this to be done, more especially w'llen iit is gambling, for tho food .of tho p&plo,; attd . thus .increasing its cost) t-llt) coiinfcil further, desires to Witit out that'tho samo speculations take pftfce in - our mvii i Dottiinioh with the'satrie results,:and urges tho workefs t-o use evsVj- ehdeavour t<j put a to this pferilidlous.systetti."