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Timaru Herald, Volume XIC, Issue 13389, 12 September 1907, Page 5

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THE LONDON MARKETS. Press Association-By Telegraph-Copyright September lot Sdver, 2s 7 7-16 d per oz. Copper, on spw, £'2 I i's 6d per ton; three months, £75 ss. Electrolytic copper, £9l 10s per ton. Tin, on spot, £l6B per ton; three months, £167 10s. Lead, £2O 5s per ton. The wheat/ and fiour iafloat for the United Kingdom amount to 1,830,C0G quarters, and for the Continent to 1,380,000 quarters. The Atlantic shipments for the week total 325,000 quarters. ■Shares.—Bank of Australasia, buyers, £IOO, sellers £102; Union Bank burets' £59 lCs, sellers £6O 10s. gt Per Press Association. DUNEDIN, September 11. The lii-ilers, in anticipation of a rise in the price of flour, are purchasing locally what' supplies are available of the Australian imported article. Adelaide flour is most in demand with the bakers. WHEAT MARKET FIRM. The T'imaru grain merchants find the market much brisker, and .sales are being more™-eadilv effected, than for some time past. ons. buyer told a " Herald" reporter yesterday that the market, was firm all the world over, and he was. of opinion that stocks were not so large as some people seem to think. In fact, he doubted if there was sufficient wheat in the colony to suffice till next season. Tile same speaker quoted a letter he had received from a Dunedin firm, which sriiid it was quite expected that the price of wheat would b? 5s per bushel before long. Some good sales were effected in Tim.-iru last, Saturday at 4s 6d country stations, which is equivalent to about 4s 7J,d here: so the prospects for the wheat farmers anpear to be particularly rosy—providing, of cours-?, that the duly is not taken off flour. THE WHEAT AND FLOUR DUTY. To the Editor of the Timarti Herald." Sir, —I see a person signing himself •'Reciprocity," writing under the heading, " Wheat and Flour Duties." If strikes me he knows nothing about farming, and has not- the interest of the workers at heart, or lie would see that- the worker runs the risk of paying more for liis loaf, and get. less employment. It would be a bad job for the- country, ; as for every paddock of grain that is grown, 'the worker gets from (,lie 1° two pounds per acre at least. The people's flour he would let in free. They would charge him £2 10s La ton and we would have to send to Australia for wheat for the fowls and pigs, he speaks of, and also flour for the workers. ' T. am sorry to hear the enemy of the worker come oiu in mic-li lines as by his writing, he would make us believe lie is our frknd. He must be- an advance agent from Australia, and does not intend to •stop long with us, if he does not- find it pays. We would be' pleased if the employee's paid his passage back before he does anv harm to (he workers. —I am. , WORKER.