PRICE OF RED PINE REDUCED
OTIRA TUNNEL A FACTOR.
UNDERCUTTING RIFE,
[Special to the ‘Star.’]
CHRISTCHURCH, April 17. The price of red pine, o.b. timber, lias dropped by 2s per 100 ft, this being au official reduction decided upon by the North Canterbury Timber Merchants’ Association.
Undercutting is rife in the trade, and, according to several merchants, it is problematical whether the latest move will slop this development. These men expect that rates will still further decline. There are several distributors not in the association. Ono largo merchant, it is stated, has withdrawn from it in the past few days, and go the official rates may not rule the position. The possibility of being aide to bring timber from the West Coast through the Otira tunnel at a lower cost than by sea has led to this state of affairs. The lower cost is estimated as likely to represent a difference of about 2s 6d to 4s per 100 ft, but, of course, the railway charges likely to rule are the subject of guesswork only at present. Dressed timbers are not affected as yet by the reduction.
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Bibliographic details
Evening Star, Issue 18253, 18 April 1923, Page 2
Word Count
187PRICE OF RED PINE REDUCED Evening Star, Issue 18253, 18 April 1923, Page 2
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