THE WHEAT MARKET.

King Country Chronicle, Volume III, Issue 135, 1 March 1909, Page 5

THE WHEAT MARKET.

Latest advices from London state thai the wheat markets are very strong, though there has been a slight pause in activity, owing to the prospect of a diminution in shipments eausing wheat welt ahead to command a premium,. A total of 39.000 quarters, and a cargo of Australian January- February- March shipment, also 6000 tons of February* March shipment sold at 395; 13,000 quarters April shipment at 39a Id, and • cargo at 39s 3d. Australian on spot bt meeting with ready sale at 41s to lis fc"d. The American visible supply of wheat totals 69,433,000 boshets. Flour is firm, spot sales being effected in London at 28s <sd, and parcel shipments ft 27s 3d to 2?* (& c.U. The high prices have checked business. Glasgow sellers are holding for 29s €d, the terms of the March-April-May shipment. from Chriatehurcb comes advice that there has been a large amount of wheat offered during the week. The news of a rise in the market in Sydney, published on Thursday, has caused a> tittle more keenness in the inquiry. •nd sellers are now asking more. Most of the business recodred took placet however, before the news of the rite arrived. The following quantities were amongst those that changed bands:—6ooo bushels of Pearl at 3s TJd, 4000 at 3» *!<*, 2000 bushels of Tuscan at 3s «Jd, both lines being prime milling, in sound conditohv. 12,000 bushels of Hunters at 3s 6d; 800 bushels of Tuscan at 3s 6d; 1300 busbehf of Pearl and Tttftcan at 3s 6d; goV'bfpbeis 9* Tuscan at 3s Sd. A Ipyilpmpnt of 500 bushels of !<>wt jrtfift changed had* at 3» t id