PRICE CUTTING IN FLOUR.
THE RATES IN DUNEDIN. BAKERS EAGER BUYERS. [bt tblegkaph.—own correspondent.] DUNEDIN. Wednesday. The price cutting competition in floor continues. The current quotation in Dunedin to-day is £16 a ton, less 2J per cent., but one vendor at least is allowing 5 per cent, on this price. The basis millers woik on is 48 bushels of wheat tot a ton of flour. As wheat can be set down roughly at 6s 9d a bushel it will be seen that the cost for wheat alone *is £16 4s. When 10s lOd as the cost of sacks is added to this some idea will be obtained of the losses millers are making. Bakers are keen buyers of flour at the lower values.
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New Zealand Herald, Volume LIX, Issue 18153, 27 July 1922, Page 6
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123PRICE CUTTING IN FLOUR. New Zealand Herald, Volume LIX, Issue 18153, 27 July 1922, Page 6
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