SOARING PRICES.
Some astonishing examples of soaring priced, plainly indicating that the strain on slender purses is to be greater still in the near fufure, are to be found in importers' manifests and in the latest "quote" cablegrams to hand. Tea, the universal beverage, has advanced 7d a pound (landed price) since September, the latest quotes being 2s lOd (first grade) and 2s 7d (lowest grade). One reason given for this advance is a rise of 33J per cent, in the yaluo of the rupee. Still more sharp rises have taken place in the last twelve months in respect of other grocery lines. Cocoa beans, which were bought last year at £BO per ton, are quoted to-day (new season beans) at £241 a ton; Java coffee, quoted from Java to-day ; at £ll2 & ton, has been costing £45; and Mysore and Neilgherry coffees, costing £BO a ton at present, are now quoted for the new season at £l9O.
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Bibliographic details
Wairarapa Age, 19 November 1919, Page 4
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157SOARING PRICES. Wairarapa Age, 19 November 1919, Page 4
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