A WHEAT COUP.
CABLE NEWS.
United Press Association—By Electric Telegraph Copyright.
MILLIONAIRES CAUGHT. Received April 14, 8.15 a.m. LONDON, April 13. The New York correspondent of the "Daily Mail" reports that it is rumoured that Mr Patten, the wheat speculator, caught several New York millionaires selling short and they were forced to buy in the public market to meet their engagements. Fifteen million bushels of wheat are stored in the Duluth district. No attempt has been made to send it to Chicago. It is supposed that Mr Patten and his friends control the supply. A DAY'S EARNINGS. Received April 14, 9.5 a.m. NEW YORK, April 13. The profits of Mr Patten, the American wheat speculator, yesterday totalled a hundred thousand pounds sterling. FURTf'EK RI§E; a IN_WHEAT. Received April 14, 10.20' p\mV^ -. [NEW YORK, J£h jj4 May whsat *& Chicago has risen 128 cent's., July wheat 117 cents., aJI a September 109 cents. Mr Patten is holding for 130 cents for July wheat, and for 325 for September wheat. During the week a syndicate holding ten million bushels joined Mr Patten. The quartern loaf in London has risen to sixpence. Bakers are demanding a rise to sixpence halfpenny and sevenpence.
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https://paperspast.natlib.govt.nz/newspapers/WAG19090415.2.13.3
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Wairarapa Age, Volume XXXII, Issue 3164, 15 April 1909, Page 5
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198A WHEAT COUP. Wairarapa Age, Volume XXXII, Issue 3164, 15 April 1909, Page 5
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