RISE IN BREAD PRICE CONSIDERED UNLIKELY.

Star (Christchurch), Issue 18380, 4 February 1928, Page 2

RISE IN BREAD PRICE CONSIDERED UNLIKELY.

(Special to the “Star.”) WELLINGTON, February 4. An Auckland message recently stated that the Chamber of Commerce had discussed the probable effect of the new duties imposed on w'heat and flour in connection with the amended tariff. The Minister of Customs in a letter to the Chamber had stated that the tariff had been in operation since November 1, and he had not heard, of any advance in the price of bread and did not believe the new tariff would lead to an increase. A Wellington reporter on inquiry among city firms yesterday has gathered that there is no probability of an increase in bread prices in Wellington. One firm dealing largely in flour pointed out that the harvest prospects this season are exceptionally good, and whereas the requirements of New Zealand in wheat were annually from about 8,250,000 to 8.500.000 bushels yield this year was likely to exceed that quantity. In another direction it was suggested that there might be a reduction in the price of flour due to the expected good harvest, but it did not follow that the price of bread would be lotvered. It is understood that Australian prospects. apart from the Adelaide district, are not up to expectations this year.