PRICE OF TIMBER
WILL IT FALL? Timber merchants in Canterbury are buying very little just now because of the expected fall in the cost of bringing timber from the West Coast when the Otira tunnel is available for ordinary traffic. In coflsequenoe, the West Coast mills are suffering very severely, and many have shut dawn. They are doubly penalised because the export trade with Australia has fallen away. Based upon the present railway rates, the timber trade expects to have to reduce timber by 3s 9d per 10Q£t.
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Bibliographic details
New Zealand Times, Volume L, Issue 11436, 5 February 1923, Page 5
Word Count
88PRICE OF TIMBER New Zealand Times, Volume L, Issue 11436, 5 February 1923, Page 5
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