THE WHEAT CRISIS.

Nelson Evening Mail, Volume XLIII, Issue XLIII, 16 April 1909, Page 3

THE WHEAT CRISIS.

[Fbebs Association.— Copxhiqhi.] THE PATEN- "CORNEE." NO FURTHER RISE. SHOBTAGE OF PRODUCTION. ■GAMBLING . IN FOODSTUFFS. NEW YORK, Thursday. Mr Patton rtatcs that he does not intend advancing the price ol wheat further. He holds sufficient wheat to justify a cornei, but only enough to rcSe the price to prevent shipping- from the' United State* The real difficulty is that the supply of wheat is not increasing ptoportionately to the demands of the world's production. LONDON, Thursday. Th& "Mornng Post" cays that Mr Patten's ring secured .3,000,000 quarters of the American visible supply. If Canada, IndiT and "Australia were encouraged to produce, cornering wheat v would be a game of the past, for the ring would never be able to start operations. DI3NEDIN; Thursday. Ihe following lesolution was passed by t 1 « Ctago Trades and Labour Council at a rpeeting held to-night: — "That this jCcuDcU directs the attention to the cablegram appearing in the daily papers <i . under the "name of speculation, made £100.000 in one day's 'deal in wh?at It deplores the fact that the commercial system cf tiading makes .t po=?ille for this to be done, more esppcial'y when it us gambling for the food of the people, and tbu* increasing the cost It further derires to'pcint out that the same 'speculatjoa** take place i.i our own Dominion, vritii the same results, and it nrges the workers to ««<■ everj eudeavonr U> put s atop to this pernicious system."