LONDON AND AMERICAN MARKETS EXCITED. LOXDOX. April 9. The wheat markets are still strong. Holders are very firm owing ' 'Ac substantial decrease in the wor;.'.- weekly shipments, and the prospec- of still smaller shipments in the near f mire, and there is a general anticipation of higher prices. *■
The American markets' are«, excited. May wheat in Chicago yesttrLry touched 1 dollar 25j cents, with a sharp corresponding advance in Xew York.
The American visible supply is 61.080.000 bushels. Australian cargoes are strongly held. A March-April shipment sold at 42/3 to 42/6, and an AprilMay shipment at 43/-. Sales of three cargoes wore made at 42/fi, two at 42/3. three at 42/-. and one a: 41/4. Australian on spot is selling reuli'y at 43/4 to 43/6.
Flour is firmer. Ther • are frond sales in London at 30/- to 31/-, ex .'ore. In Glasgow holders are asking 32/6.
(Received 5.53 a.m.)
XEW V )RK, April 9
May deliveries of wheat sold at Idol. 23 1-S cent, profit taking having caused a slight reduction. The profit of Mr Patten, a speculator, is estimated at £750,----000 since Saturday last.
LOXDOX, April 0. A cargo of Australian wheat sold at 42/9 to-day.
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