WHEAT SUPPLIES

Nelson Evening Mail, Volume LXI, 26 June 1926, Page 5

WHEAT SUPPLIES

POSITION IN SOUTH ISLAND I FLOUR MILLS CLOSING DOWN |J (By Telegraph— Hpocial to The Mail.) J (IHI.-STOIIUROII, T!: ■ Day : LeCilUSl! oi till! siUlilL.Oll !Km. I tiling J Willi wheat, the flour milis in Kieearton i of rTeming and Co., Ltd. will (••.•a.-.c. t gristing for the time being from Mou- j duv, hut "ill continue to do business j in' present stocks of flour. One other Chrislehurch mi],) ' is contemplating similar net ion in the near future. Supplies of wheatv from the country have i ceased to he offered at. the official price ] for Tusenr of fi/M; indeed it is n question whether very much more wheat is held. Australian wheat at fl/f> a j bushel f.o.h. in Australia costs rough-1 lv 8/8 landed in the North lsland.l "We are unable to in ill this wheat anil sell flour at CP-i n ton," said one miller "unfortunately we cannot advance (he price of Hour owing to competition from Australia. Australian flour is landed at a, cost of about CIS a. ton and is selling freely in the North Island, i In fact 12,0i)0 sacks of Australian Hour! were landed in Wellington (he other day." Var the first four months of this vein- Hii.HON centals of floor were imported into the Dominion compared: with o'i.fiHl centals for the corresponding period of last year. Particulars of the May and dune figures for this year are not available, but by all ae-. counts they aiv heavy. Probably, however, the milling industry in the South Island is not pinched so much by' competition in Australian wheat. North Island mills are known to have purchased Australian wheat for gristing, but they are able to secure a higher price for their flour than in the South , Island. Were the duty on wheat from ; Australia lif.ted for' the time being there is little doubt that the South Island mills would import wheat, while, such action would benefit the industry. So far as this year is concerned ill-, effects might be manifested later on. |