WHEAT AND FLOUR MARKET.

Dominion, Volume 2, Issue 530, 10 June 1909, Page 8

WHEAT AND FLOUR MARKET.

'-.y; STATEMENT BY THE CHAIRMAN OF : THE MILLERS? ASSOCIATION. (BT TELEGBAP'H— ritESS. ASSOCIATION.) ' . . ; ' Chrlstchurchj Juno 9. , . Writing to the'"Press" l on ! the'"subject of ■the wlieat market; ;Mr. H. Wood, chairman:! of. the! Flourmillers' . Association, ' states'lf there, was'any, foundation for'the ;rejiort of Australian buyers', intentions, it is only reasonable to suppose.that they would first turn their attention to those districts..largely, in:tßrested in. producing wheat,, but it is "going from home to hear news'/With a vengeauco when; we find that they know all. about itim ,a: district which grows just ■ a small fraction ' ovor ono per cent, of tho wheat produced in the Dominion, whilst n'othing is known of it in .thp district which grows 72 J per "cent.-of. tho wheat crop. ; It ; is,: perhaps, scarcely worth while wasting time to point out : how this [ "information" is being made to, suit. First of all,, we are told two Australians are coming over to buy. Then wo are told that ■ Hhoy have'been buying for two months past. Quite willing that tho truth of tho position should bo judged by the statement of the -Auckland miller, that "more than half'of tho two" million bushels surplus had been shipped , to London," Mr. Wood then quotes from the "New Zealand Trade Review" figures showing that from February 1 to Slay 31 the total shipmemts of wheat ..totalled ,156,463 sacks (say,. 521,5-13 bushels). He has veri-. fied these' figures by the returns of vessels actually cleared, such returns, having been' obtained from various Customß offices.',

f . A CUTTING WAR. ; ■ (BY TELEGRAPH—PRESS ASSOCIATION.) j ■ : Auckland, June 9. '"With reference to the Chris tchurch tele;ram, stating. that' unless.. millers' can bo inited'again,'a "cutting war" will be inlituted by the southerners,-a local miller tated to-day that the New Zealand; Flouraillers' Association cannot cut prices any aore in Auckland than they have been doing or the past, eight years. Auckland had ong been the association's.- dumping-ground or its surplus stocks; owing to the mills lero refusing to,join the compine, but thero fas one thing certain,;' and ■ thai was . that, f .tho 'association dissolved,"'the "cutting" votild extend to its own tied ports', aud it vould then bo a case of the "survival of iho fittest" amongst those in the association. Che Auckland mills were; quito Prepared to hold their own. In reference ;a the Dunedin wire, as- to flour, being: ablo :6.- bo, landed -in Auckland' at £11' Os. 6d. on ihia wharf, it. was stated ; that the Flourmillers' Association's recent : price for flour in, Canterbury and North Otago, wliere the wheat is grown at the doors,"was •noro than what they were dclivering-it for in Auckland, . which-was proof of the association's object to crush-those without the combine.'-VThis, .fact "was; recently exposed by certain, astute persons in Auckland buying the association's wheat at the low figure they-asked for it here, aiid ' then .reshipping tho grain 1 ito, Wellington .and Napier, both strongholds .of .the: association, 1 and underselling them there. ' Local bakers, interviewed, stated .that they had never heard of (lour being landed ,bn tho Auckland wharf at £11 os._,6d. per ton, as stated in the Dunedin wire.' Concerning tile" 2} per cent, discount,'alleged to be allowed to the bakers here,'all of those' approached strenuously denied ever haying been allowed-the same.'- ' - Mothora .wiii fino PHOS3?HOL EMULSION a nover-faULojz ronedr lor ouuxjlis and colds, 13 '