Article image
Article image
Article image
Article image
Article image
Article image

CORRESPONDENCE.

4 EXPLOSTIKGJTHE PUBLIC ? TO TUB EDITOR.

Sir, — On reading Messrs. Virtue and Company's letter, in reply to mine, in your issue of the 27th, the Millers' Combine may well say, "Save us from our friends," for I have never met with a more lame and impotent attempted defence. Special pleading and vague general statements are very interesting, ' But they fail to shake the main point made, namely, that while wheat was worth Is per bushel more than at the present juncture, the price of flour remains unaltered ; no amount of casuistry or explanation can get away from this admitted fact, and 1 can easily perceive a smile on the faces of the most incredulous when they are gravely informed that the combine- has been selling flour for a considerable time at a loss of 53s per ton. 'Messrs. Virtue 1 and Co. question my figures, but fall in badly when dealing with them. For instance, I stated that while wheat was marketed at 5s 3d to 5s 4d, the ouotation for flour was £11 ; they state, mf erentially, that -at this lime wheat must ' have been. 5s 6d, therefore my contention that the community is being , exploited is strengthened, for, if th© ' millers could afford to buy wheat at' 5s 6d; and sell flour at £11, what should . they do when operating at 4s 3d to, 4s 6d? To furher show the fallacy of their arguments, I send you for per--usal a letter just received from a Melbourno firm, quoting milling wheat at, 4s l^d per bushel f.0.b., or flour in. 25. ton parcels (March and April delivery) , at £8 10s per ton. Please note forcomparison the price of wheat in Mel-; bourne, as against the value, of^flour, for a complete demolition of Messrs. Virtue's contention on this head. I again reiterate that the time is ripe for' you; sir, to take up this matter in your! editorial columns, for this correspondence ends as far as I am concerned.—" I am, etc., WELLINGTON MERCHANT. .Wellington, 28th February, 1908.

This article text was automatically generated and may include errors. View the full page to see article in its original form.
Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/EP19080302.2.32

Bibliographic details

Evening Post, Volume LXXV, Issue 52, 2 March 1908, Page 3

Word Count
339

CORRESPONDENCE. Evening Post, Volume LXXV, Issue 52, 2 March 1908, Page 3

CORRESPONDENCE. Evening Post, Volume LXXV, Issue 52, 2 March 1908, Page 3