PRICE OF FLOUR.

Grey River Argus, 21 July 1926, Page 5

PRICE OF FLOUR.

RISE IN NEW ZEALAND. MILLERS’ DECISION. “DUNEDIN, July 20. Taking advantage of the firming of flour prices in Australia, the millers by a vote taken through Distributors Ltd., decided to increase the price of flour throughout New Zealand by 10/a ton. Reports were received yesterday that Jhe price on the New South Wales market had increased to £l5 a ton. A Dunedin miller states that evidently some of the New South Wales millers had run short of supplies and had purchased on the Melbourne markets, causing an advance in prices. However, it was not thought in authoritative circles that New Zealand millers would take advantage of the increase, but yesterday a majority of Northern millers decided that the price of flour on Dominion markets should be increased by 10/- all round. This decision suggests that the millers believe the Australian market quotations will be “Wo can do with the increase,” said a miller. “Those who have bought wheat will get but their own back; even then, a further 10/- won’t show the millers a profit, but it reduces the present losses considerably.” HOME AV 11 EA'F MARKET. v !>!* 8 ... . ——— LONDON, July 19. Wheat cargoes are firmly held on better American prices, but the buyers are indifferent. Parcels are irregular at threepence down for forward deliveries. Liverpool futures. July 11/10}. October 11/1, December 11/-. THE RISE TO BE “PASSED ON.” WELLINGTON, July 20. The price of New Zealand flour in ’Wellington which was reduced a few days ago by 5/- a tpn is being raised 10/- a ton from to-morrow. It. is stated that the bakers consider . !< n actual 5/- represented was too small to pass on.