THE PRICE OF FLOUR.
ALLEGED CORNER IN WHEAT.
(Per United Press Association.) CHRISTCHURCH, August 15. A visiting (lour miller complained to a Press reporter to-day that with the present high price of whetit it cost Iho millers £12 per ton for raw material, while they could only soil tho flour at £10 10s per ton. The jiositiou of the millers generally was, therefore, a most unenviable one. Ho attributed tho difficulty to a corncr in wheat engineered by a. few merchants and millers. Ho thought that very few fimners wore holding any considerable stocks of wheat for speculative purposes. He added that a plan which had found some favour amongst millers was to substantially raise the price of flour, say, by as much as £2 a ton, which, it was contended, would cause the local markets to be flooded with Australian flour. Tho rise would, therefore, bo very short-lived, and when flour came down again' wheat would come (lown with it, the corner would be broken up, and tho speculators, the farmers and the talking would come to their senses again, and the markets would return to normal conditions.
AN ADVANCE OP & PER TON.
Wo wero advised last evening that tho Flour Millers' Association had advanced the price of flour by 5s per ton, as from to-day.
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https://paperspast.natlib.govt.nz/newspapers/ODT19070816.2.44
Bibliographic details
Otago Daily Times, Issue 13983, 16 August 1907, Page 5
Word Count
217THE PRICE OF FLOUR. Otago Daily Times, Issue 13983, 16 August 1907, Page 5
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