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THE RISE IN WHEAT.

BIG PRICES ASKED. NEW YORK, April 14. May wheat in Chicago has risen to 1 dollar 28 cents, July to 1 dollar 17 cents, and September 1 dollar 9 cents. Mr. Patten is holding for 1 dollar 30 cents for July, and 1 dollar 25 cents for September wheat. During the week a syndicate, holding 10 million bushels of wheat, joined Patten.

THE FIRST SMASH.

STOCKBROKERS' FAILURE. (Received 8.5 a.m.) NEW YORK, April 14. The firm of Ennis and Toppanni, stockbrokers, of New York and Chicago,, has failed. Its liabilities amount to 1,200,000 dollars, while its assets are 400,000 dollars, leaving a deficiency of 800,000 dollars (£160,000). The failure was due to speculation in May wheat. Evidently this is one of the firms which Mr. Patten caught over-selling in New York, on whom he held his Duluth and other reserves, and forced up the price.

A RISE IN BREAD.

LONDON, April 14. The price of the quartern loaf in London was a few days ago raised to 6d. Bakers are demanding a further rise to 6Ad or 7d.

RISE IN SYDNEY,

I SYDNEY, April 14. The price of flour was advanced 10/ per ton to-day. (Received 10.10 a.m.) LONDON, April 14. Three cargoes of Australian wheat sold at 43/6 and a fourth at 42/9 per quarter.

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THE RISE IN WHEAT. Auckland Star, Volume XL, Issue 89, 15 April 1909

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