THE WHEAT MARKET.
i CABLE NEWS.
United Press Association—By Electric Telegraph Copyright.
• — ; THE GAMBLE IN AMERICA. A STOCKBROKING FIRM FAILS. Received April 15, 8.5 a.m. NEW YORK, April 14. Messrs Ennis and Toppanni, stock brokers, of New York and Chicago, have failed. Thfi liabilities amount to 1,200.000 dollars (£240,000), and the assets to £400,000 dollars (£80,000). The failure is due to speculation in May wheat. AUSTRALIAN CARGOES. Received April 15, 10.10 a.m. LONDON, April 14. Three cargoes of Australian wheat have been sold at 43s 6d per quarter, 5 and a fourth at 42s 9d. Received April 15, 11.45 p.m. NEW YORK, April 15. Mr Patten states that he does not intend advancing the prices further. He does not hold sufficient wheat'to justify but only enough to raise the price to prevent shipping from the United States. The real difficulty is that the supply of wheat is not increasing proportionately to the demands of the world's population. LONDON, April 15. The "Morning Post" says that Mr Patten's ring has secured three million quarters of the American visible supply.
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https://paperspast.natlib.govt.nz/newspapers/WAG19090416.2.17.30
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Wairarapa Age, Volume XXXII, Issue 3165, 16 April 1909, Page 5
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178THE WHEAT MARKET. Wairarapa Age, Volume XXXII, Issue 3165, 16 April 1909, Page 5
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