Manawatu Times, Volume XXVII, Issue 7991, 4 June 1904, Page 2
N 9 Settlement; Arranged.
Canterbury Firms Retire
Quoting Under Cost
ts Probable Consequences.
Per Press Association
Dunedin, Last Night. The Daily Times' commercial report states that nothing definite is yet settled regarding the Flourmillers' Association. At present the cutting of prices is confined to p.qqe^ia. What has complicated, the situation is tho resentment felt by some Dunedin millers at Canterbury firms coming down and quoting flour at under cost, while negotiations for a settlement wore supposed to be in progress.
So far as the situation can be gamjed; prospects of a sottle^ien,t qre exceedingly remote, apd the Rattle may' be fought o^t m^e bitter ena. la the event of the present ruinous competition continuing ii is rumoured that more than one mill will close down till the prices reach a payable lovoi. Nor is it to be expeoted that the present low prices can be confined to Dunedin, for if Canterbury firms invade this market they may expect the war to be carried into other centres,