THE WHEAT MARKET.

Rangitikei Advocate and Manawatu Argus, Volume XXXII, Issue 8813, 15 May 1907, Page 2

THE WHEAT MARKET.

Advance In i iaurPer Press Association.

Dunedin, May 14. ‘ The hardening of the wheat market caused by reports of crop Shortages In the colony, allied to the excited condition of the American and European markets, la responsible (for an advance of 10s per ton in the price of .flour. The tariff of the New Zealand Flourmillers’ Association has acsovdlngly been revised and now stands—sacks £9 6s; 100’s £9 15s! 50’s £lO j 2S’s £lO 6s. The shipping price has been advanced to £9 f.o.b. and Invercargill prices to £9 10s. It is quite on the cards that should the wheat market continue to advance another rise in price of flour may shortly be made. The usual monthly meeting of the Master Baker’s Union will be held on Thursday, but it is unlikely that any alteration will be made in the price of bread. Any further advance in flour will, however, place a different complexion on affairs.

Great Excitement in Chicago. Wheat Touches a Dollar. Press Association—Copyright. New York, May 14. There was tremendous excitement on the Chicago Exchange when September wheat touched a dollar. Thera were enormous transactions with rapid fluctuation. A portion of the advance was lost by the extensive transactions in Now York.