PRICE OF FLOUR.

Auckland Star, Volume XLVI, Issue 66, 18 March 1915, Page 7

PRICE OF FLOUR.

! THE POSITION" AT THE MOMENT. Some inquiries were made by a "Dominion" reporter on Tuesday in order to see exactly where we stand at the moment as regards the price of flour. What will you sell a ton of flour to-day for? was asked a local merchant. "I will sell yon a ton of Canadian flour and deliver it to you to-day for £17 15/, spot cash." That was definite enough, but as few bakers pay spot cash, the price on terms was asked, and the answer was, "Oh. £18 5/ to £18 10/, less 25 per cent for a month." As it is pretty certain that terms are being accepted, it is easy to conclude that the price being paid the Wellington merchants by bakers this week is over £18 per ton. Has our own new season's flour had no effect on the price? was aeked. "Not the slightest. The price that is being asked /or New Zealand flour to-day is £17 10/ per ton, f.o.b.—practically £18 5/ per ton landed in the bakehouse. "I tell you what it is," said our informant. "I have SO tons of San Francisco flour. 120 tons of Vancouver flour, and 200 tons of Mnnitohan flour to arrive at the end of next month, and it is costing mc £1S per ton hone." Then flour will lie selling here for £20 a ton in six we»l»?. ' ■"«" '.<■ ".\l»ybe! ■ If theOovernmcht put the duty on it will be even more. They said it was to go on again on February 28, but now they have put it off until March MI, hoping for a fall in prices. That fall will not come, and the duty should not be rci in posed."