THE PRICE OF WHEAT.

Manawatu Herald, Volume XXXI, Issue 453, 22 April 1909, Page 2

THE PRICE OF WHEAT.

New Yolk, April 20. Suggestions have been made that the wheat duty in America should be abolished. The Tariff Bill proposes to increase it to 30 cents per bushel. Mr Patten, the speculator who has cornered the wheat market, replies that such abolition would be without effect, because the world’s markets are now on a parity. America will require to import corn and oats for livestock before lung. Mr Patten declares that the estimate of Mr Jas. Wilson, Secretary for Agriculture, that there are 143, 000,000 bushels of wheat on the farms, is 50 per cent, too high. RISE IN CANTERBURY. Christchurch, April 20. The local wheat market, as the result of the high prices ruling in Great Britain, America, and the Commonwealth, hardened considerably during the present week, and prices have advanced 6d to gd during the last ten days. During the current week 6000 bushels changed hands in South Canterbury, on a basis of 4s 6d a bushel delivered at Timaru, while other lines are being freely purchased at prices up to 4s 4d on the trucks at country stations.