"BULLS" IN WHEAT

Dominion, Volume 2, Issue 490, 24 April 1909, Page 5

"BULLS" IN WHEAT

MISSOURI CROP. . A QUESTION OF DELIVERY. GAMBLER PATTEN AND THE "BEARS." (ut Tisi,Eau»rn—niESß association—corvniour.) New York, April 22. Tho crux of tho Chicago wheat deal is. whether Missouri can tho winter crop befoie July. Mr. Patton—who is credited with. having made enormous profits lately by buying for a riso—and tho "Bulls" say "No." Air. Ogdcn, Mr. Armour, and tlio "Bears" say ';Yes." -'■ •/;■.■,, ' ; .Mr.,' Patten lost £120,000, on paper, through Tuesday's fall.

. .LONDON PRIOE EASIER. ■■': :''■,; / ', : London, April 22. Tho wheat market is dull. Cargoes are about threepence per quarter easier. Tho American visible supply of wheat is 55,077,000 bushels. SPECULATION IN FUTURES. .A STAMP TAX. ' I London, April 22. Mr. Lloyd-George, Chancellor of:.the;Exchequer,, replying to a question in tho House of Commons, said that : a "corner", in wheat was not a matter, that tho Government could usefully legislate upon. Ho was, however, considering the possibility of increasing the stamp tax on options and futures which only terminate. in' tho settlement of differences. •

LATEST LONDON, QUOTATIONS. .' (Itco. April 23, 11 p.m.) London, April 23. Tho wheat markote are flat. The American decline is causing sonic nervousnoßß regarding tho future, and thero aro few buyers. Two Australian cargoes sold at 435. " ; Australian spot is scarce, and is quoted at 47b. to 475. 6d. New Zealand is nominally 455. 6d.. for short berry, and 465. 6d. for long berry. Tho flour market is quiot. Tho recent advancß is maintained. Australian patent sorts are quoted at 335. to 345. in London. ■/.■■■:..• ". ■ SOUTHERN MARKETS. (nr TKLEOKiPn—niiibs Assoru-noal , ' Christchurch, April 23. The cablod roports of weakening in the wheat markets of America and England caused a decline of fully Id. pta bushel locally from the prices vuling on Wednesday. At tho same time tho change caused growers to rofnin from offerini?, consequently little business has been done during tho last two days. On Wednesday the following sales uoro reported to have been made:—2 800 bushels of hraan nt 4s Bfl at Id.;station; 1000 bushels of tu«can at is. lid., at country stations, Tho top price given today was 4s. Id. for a line of hunters, but some buyers are not offering more than 4s.