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.HOLDING FOR A RISJI. In councclioit with the shortage of wheat and tlm demand made that inquiries should be conducted into the report that large quantities are stored in Canterbury. Mr F.I! cm Thursday night sent to the' Finn. W. F. Massey, Prime Minister, a telegram stating that he has the name of a. norsoii who is holding fop a rise. The following is Mr Fll's wire:

1 sent, you a. telegram last Saturday. 1 have not received a. reply, and .1. must confess to a feeling of surprise, as mv conveyed an offer'to render to the officer you, appointed all the help 1 could to discover the names and addresser, of persons holding wheat for a rise in price. 1 have now the name and address of a man who. 1 am informed, has refused 6s 9d per bushel for 8.000 bushels, and is asking 7s.

A Tinnru message states that the bahers there " received notice from the nudiers yesterday that the price of flour was to bo increased by £2 or £3 per ton, the exact amount beiiis; determined bv the Government proclamation. The present price iV £l3, and the bakers anticipate a rise to £l6. This will niea.u an immediate increase in the price of bread from od and 'ld to O.'.d and 5d for 41b and 21b loaves respectively, cash only. The bakers stale that, with flour at, £ls per ion. M,,.,-,. ; K no profit on bread at 3d ami 4d." Thm message, however, cannot refer to Mm association millers, as the directors only met in Chrislcburch this morning to discuss tho matter and fix prices. Although the Government price for (lour has been £ls 10s. it is well kmowi thai, I'anmrii and Timaru millers have been cetMng as high as £1.6 10s per ton for their product. A Gazette issued yesterday om:|-, ; m- an Oid.-r .n-Council (ixiug the nia.\imu"i on. •■ of -edieat. in New Zealand at 6s 9d' per bushel, free on board, on the usual terms, at the nearest ports. AVe understand that, a deputation of Ohi'istehureh millers are to approach the Prime Minister next week with a view to sonic definite action being taken by the Government in regard to \ and' flour this var.

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Bibliographic details

WHEAT AND FLOUR, Issue 15696, 9 January 1915

Word Count

WHEAT AND FLOUR Issue 15696, 9 January 1915

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