THE WHEAT FAMINE RUMOUR.

Dominion, Volume 2, Issue 534, 15 June 1909, Page 9

THE WHEAT FAMINE RUMOUR.

AUCKLAND. VIEWS NOW MODIFIED.

" - {liX TBUXtillArtl>~~~(il'iClAt. COKRKaroNUBJfT 1 ''■■ - ■".-''-.:'".■■ jf:, .'■■ V. '' Auoftlantl, June 1'4."'.: ■ A prbrainont local flourmiller was seen by ■; ; , a /"Herald" on Saturday !regardinc .the -.Giiristchurch'. telegram denying i -that.•Australian- buyers 'had - beon operating ■ on wheat in ■ New Zealand, and that -half' of the estimated surplus of 2,000;000 bushels offbeat :had been exported.'■.Hβ stated that it' might bo -true- that, .up .to the present, only 521,643 bushels of, the apparent surplus had been exported, but he had authentic iri- . .formation, from reliable southern grain mermantß,;tnat the sales for London had been over brie million bushelsj' and that the bid-- - . jrico was.'.waiting. shipment.when' the arranged tonnage 'arrived. : ;•:: .:': Vo. '.;.■''l-;do';'riot, ; he':;proceeded, ,''anticipate a . ■■;' vheat famine,■'. But", a: stiff -market. As the .presont. southorn 'price of. flour shows : a Joss . .■ ■at the- price•'which'--'"the , '"farmerg; can 'get 'to, Ship.-their wheat 1 .to -'■} London,, it is! obvious that, while -the. London : ■' marltets. remain are,'" the; southern' millers must do'.-one. of .three things—ad- .:. ,vance the price, cease" milling, or,use an inferior, quality of';whcat. : : Only ! a few days' ':•'-: ago "a southern,grainrmerchant 'wanted.to • >.borrbw-a few thousand sacks to ship to r Syd-; ■ ; 3ioy;- -'as; he recognised: that it was danger- -..- 6us;.tb.'go^n:the market for it..; Evidently, ■..;tho: Flounnilling;'Aseociation, in its eager- . .ness : ..t6.'keep I ,the : association together, has : /.; got I ;jtself;jnto.-;a. very..awkfvord and; will ;: leave^ro.;stone ■ unturned- to try to. brealj down '.the.'price of; wheat -to': save ; itself -from ■/■loss. : ;':'V\-; , v.''. ; ./;■;.■■■'■:■;■■:■;..■■.