THE WHEAT MARKET.

Taranaki Daily News, Volume L, Issue 59, 3 June 1907, Page 2

THE WHEAT MARKET.

Per Press Association. Timaru, June 1. MiHt interest was shown to-day (mar-ket-day) in the state of the wheat market. Some fanners Hold at 4s 3d, bill others expected 4s Ud, and are holding out for that. It is reported that 4s (id and !s G'/»d, f.0.b., have been given during the week by outside buyers for two 1 lots. An offer of wheat from Melbourne at is and 4s 0»/ a d, f.o.b. has been j received. At present Hour is ,£ll for jsaek-j; and bread 7d per loaf for cash. VIEWS OF AUCKLAND MERCHANTS. Per Press Association. Auckland, June 2. An Auckland Hour merchant Hinted ye.-tcrdny that he had received a tele- | ffnim from CUristehureh stating that one ! linn had raised the price of Hour for Auckland to jEll 10s a ton, f.0.b., Lyt(ell.on, less 2'/i per ecu! discount. As ' freight and other charges amounted to | I:2s, this would make the nett price here I .I'll 10s l?t1 a ton. The opinion Avan ex- | pressed that it was unlikely that any i business would be done at that figure | while local ([notations remain at the • present Jigiuv. Respecting the Hon. Mr Miller's statement as to the possibility of Parliamentary intervention, one merchant said it was nonsense, as the matter was beyond control in the colony, and depended on the rate of the English market. "The only way in which the Government could interfere," he said, "was by buying up all the mills and running thein as a State concern, but they could not compel farmers even then to sell wheat lower than the market rate. They cannot control outside markets which govern ours."