A SHREWD MILLER.
.**.." HOLDER OF 40,000 SACKS. >
[by TELEGRAPH.--OWN ' CORRESPONDENT.] < Dunedin, Saturday.
"He laughs best who laughs last." At the beginning of the present wheat season some flourmillers made merry at' the expense of cne of the fraternity, who has his being somewhere in South Canterbury, and who made large purchases of grain at little more than 3s per bushel. At that time there were loud complaints against him for forcing up the market some pence per bushel, but this shrewd miller can chuckle to-day, as he sits . contentedly on a pile of wheat, currently reported to total something like 40,000 sacks, worth at current market quotations 4s 6d per bushel, and watches the former merrymakers sullenly closing down their mills because they have no wheat and are afraid to go into the market and buy at the present price. It is whispered that should the market hold, and the fortunate miller succeed in quitting his holding at anything like present values, the net proceeds of the venture will total between £15,000 and £20,000. ■ '
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Bibliographic details
New Zealand Herald, Volume XLIV, Issue 13454, 3 June 1907, Page 5
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174A SHREWD MILLER. New Zealand Herald, Volume XLIV, Issue 13454, 3 June 1907, Page 5
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