FOILING THE SPECULATORS.

Poverty Bay Herald, Volume XXXIX, Issue 12789, 14 June 1912, Page 5

FOILING THE SPECULATORS.

(Praaa Assn.— By Telegraph.— Copyright.) PARIS, June 13. In a debate on the temporary free admission of wheat, the Minister for Commerce stated that speculators must renounce all hope of the suppression of 1 ., duties. The Government was considering the problem of increasing the float- . Ing etock- of corn by authorising the Ministers^ for War and' Marine to ob-tain-their supplies abroad;- --' ' ' 7 LONDON, . June 6. Broomhall's circular to-day stated that the opening of the wheat market was affected by the wjeakness of the American market yesterday. Values opened. |aY per cental loWer than yesterday. .Later a further decline occurred of '^d to, id per cental, the principal : weakness being m options over December ship- ■ ments. Holders were, alarmed- at the falling-off m the Continental iriquiry, and pressed to .sell. This falling-off m the demand 'was occasioned by more favorable conditions throughout Britain. Tlie. recent failure of one of the biggest t wheat. ' firms m libndon- influenced^ the l speculative trade, which' was considerably reduced. Private reports' state; that increased shipments of wheat will arriye from Argentine this week. At 1.15 p.m. the market was easy, with 'values id to %d per cental lower than yester-