THE WHEAT MARKET.

Lyttelton Times, Volume CXX, Issue 14977, 24 April 1909, Page 9

THE WHEAT MARKET.

THE CHICAGO "CORNER."

PATTEN'S SPECULATIONS

£120,000 LOST ON TUESDAY. United Press Association—By Electric Telegraph—Copyright.

NEW YOP.K, April 22

The crux of tho Chicago wheat deal is whether Missouri can deliver the winter crop before July. Patten and the " bulls" say no, but Ogden and Armour and the " bears" say yos. Patten lost £120,000 on paper by Tuesday's fall.

STATEMENT BY MR LLOYD GEORGE.

LONDON, April 22

Mr Lloyd George, replying to questions in the House of Commons, said that the corner in wheat was not a matter on which the Government could usefuDy legislate, but it was considering the possibility of increasing the stamp tax on trading in options. Tho wheat market is dull, and cargoes are about 3d easier. The American visible supply is 55,077,000 bushels.