FLOUR PRICES.
ADVANCING IN LONDON. AN AMERICAN RING. dt CABLE—PRESS ASSOCIATION—COPYRIGHT LONDON, July 21. Standard flour has risen a further shilling in London to 45s 6d,. compared with 37s 6d at the beginning of May. The Daily Express says British consumers are being held for ransom by an American “ring,” which hopes to gain the votes of the Western farmers, thus ensuring a Republican victory at the Presidential election. Members of the Baltic Exchange say there is no panic in London, but the market is very nervous. Other English experts are of opinion that the American syndicate will burn its fingers badly, as there is no reason to believe there is a deficiency of supply for the United Kingdom. Even if there is a deficiency and the Canadian and United States crops are short, the American crops will make up the shortage.
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Hawera Star, Volume XLVIII, 23 July 1924, Page 5
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142FLOUR PRICES. Hawera Star, Volume XLVIII, 23 July 1924, Page 5
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