BEYOND THE DOMINION.

King Country Chronicle, Volume III, Issue 148, 19 April 1909, Page 5

BEYOND THE DOMINION.

The Wheat Market NEW YORK. April 11. May wheat in Chicago has risen to 1 dollar 28 cents, July to 1 dollar 17 cents, and September 1 dollar 9 cents. Mr Patten is holding for 1 dollar 30 cents for July, and 1 dollar 25 cents for September wheat. During the week a syndicate, holding 10 million bushels of wheat, joined Patten. NEW YORK, April 15. Mr Patten, the Chicago speculator, whose operations now practically control the wheat market, states that he dor-s not intend advancing the prices further. Patten says he docs not hold sufficient wheat to justify a corner,but only enough to raise the price to prevent shipping from the United States. The real difficulty, he remarks,.is that the supply of wheat is not proportionately increasing to the demands of the world's population. LONDON, April 15. The "Morning Post" says that Patten's ring has secured three million quarters of the American visible supply. If Canada, India and Australasia could be encouraged to produce more, it says, the" cornering of wheat" game would be past.

Stockbrokers* Failure NEW YORK, April 14. The firm of Eonia and Toppanni, stockbrokers, of New York and Chicago, has failed. Its liabilities amount ton 1,200,000 dollars, while its assets arc 400,000 dollars, leaving a deficiency of 800,000 dollars or £160,000. The failure was due to speculation in May wheat.

A Rise in Bread | LONDON, April 11. I The price of the quartern loaf in London was a few days ago raised to 6d. Bakers arc demanding a further ■ rise to 6*d or 7d. f Rise in Sydney j SYDNEY, April 14. The price of flour was advanced 10s | per ton today. Three cargoes of Australian wheat sold at 13s 6d and a fourh at A'ls 9d per quarter. Or eat Fire in America NEW YORK, April 14. Scores of costly buildings, including '• several churches were destroyed in two ; great fires which swept large areas o( the city of Rochester, New York State, yesterday. The damage is estimated ' at a million dollars, while hundreds of i residents arc left homeless. The militia were called out lo prevent looting. {Mysterious Earthquake SYDNEY, April 14. Two severe earthquakes have been registered at the Observatory. The first was on Saturday last, the preliminary movement commencing at 3.35 p.m. The second phase occurred five minutes later, followed by long wavei at 31.3. Severe tremors .were reported on Monday. The preliminary phase was recorded at 11.9 a.m.. lasting four minutes. The second phase then commenced, lasting six minutes. The largest wave had an amplitude of three millimetres. The tremors did not cease till 12.56 p.m. It is believed that the earth tremors recorded at the Observatory originated not far from Australia. British Labour Party LONDON, April 11. A sensation was caused at the conference of th;- Independent Labour Party at Edinburgh today by the resignations of Messrs Kcir Hardic, Philip Snowden, and J. Ramsay, M's.P., and Glasicr, editor of the 'Labour Leader,' from membership of the Administrative Council, owing to Jlhc conference adopting a vote of semi-sympathy with Mr Victor Grayson, Socialist 'member for Colnc Valley, suggesting that the Council should endeavour to come to terms with Mr Grayson, Mr Robert Blatchford, editor of the "Clarion," and other irrecoicilables, who object to Ihe Council's desire to work Jwith the Liberal Party. The members who resigned considered this a vote of censure, and a bot-tempered debate ensued The conference begged Messrs Kcir Hardic, MacDor.ald, Snowden and Glasier to reconsider their decision but without avail. Mr Glasier is resigning'the editorship of the "Labour Leader.'' No-License in N.S.W. SYDNEY, April 16. At the Licensed Victuallers' Association Conference, the President said the liquor party wanted a clear cut issue. He challenged the temperance party on the issue of prohibition pure and simple or the continuation of license. The President of the New South Wales Alliance expreses his willingness to accept the challenge. He is confident that no-license or prohibition for the whole State "will be carried at no very distant dale. Volcanic Activity ( ROME, April 16. Mount Etna is in a state of violent eruption, huge flames and dense showers of ashes Issuing from the crater. Stromboli is also increasingly active. Miners Disturbance MEXICO, April 16. A serious riot, ending in the loss of 46 lives, occurred jn a mining camp near Villaldana, Coahuila, Mexico. The riot arosc'ovcr the Mayor suppressing a religious procession. The military were summoned, and 32 rioters were killed, many being wounded. After the riot, 11 of the ringleaders were hurriedly tried and summarily shot. z All-Red Mail Route MELBOURNE, April 16. The Federal Postmaster-General, the Hon. Joseph Thomas, referring to Canada's suggestion for All-red Route Conference, declared that as far as he was concerned, the vessels 'must be Government owned. The Government realised that the work of binding the various parts of the Empire together more closely can be done properly and adequately only by the Government themselves, and favoured something being done by way of preferential trade relations between Canada and Australia.