THE WHEAT MARKET.

Feilding Star, Volume I, Issue 281, 1 June 1907, Page 4

THE WHEAT MARKET.

[PJEB PRESS ASSOCIATION.] Auckland, May 31. Flour has advanced in Auckland to £11 10s. It is understood the price of a four pound loaf may advance to 74d. - Christchurch, May 31. The wheat inak-ket is much excited to-day, but no advance is reported on yesterday's price, and no advance in flour, which is now quoted at £11 fier ton. Five shillings a bushel .o.b. was offered yesterday for a parcel of wheat, but no sale was recorded at that figure. This morning 500 bushels of Tuscan and 500 bushels of Hunter's sold at 4s 6d. and 4s 7ftd was refused for a parcel of Pearl. There is an opinion that the highest price haa been reached for flour, one leading miller saying he sees no reason for any further rise and anticipates a speedy fall to normal. The Hon. J. A. Millar, interviewed to-day in regard to the price of bread, said that it was more a matter tor Beti>!»u& fclic rscpoiizibiHfy c' the Millers' Trust. Parliament might have something to say on it in view of the increased cost of living. Dunedin, May 31. The latest development of the wheat boom is a report that contracts are on the point of being concluded for an extensive shipment of Australian flour to New Zealand, the last rise in the local trade having made this possible. Ashburton, May 31. The* bakers to-day again raised the price of bread to 7d for cash and 7|d booked for the 41b loaf. Yesterday a merchant offered a line m« *U««fc »t <4« 64 » biwiim, but today withdrew the offer and asked for 4s 9d.