PRICE OF WHEAT
NO MORE CAN BE DONE. "We have done everything we could possibly havo done to keep down the price of wheat and flour/' said the Right Hon. W, F. Massey to a Dominion reporter yesterday, "but the fact of the matter is that no power on earth can keep prices down, so long as importation is necessary. Wo havo bought enough flour in America to keep down prices to a reasonable level, but wo can't get it carried to New Zealand. Wo might got one of the German ships now interned in Australia for the purpose, but the Voyage to America and back would ocoupy two months, and the possibilities are that long before that time elapses other ships will be available. It is being said that wheat is being privately held here for high prices. That is not so. Very little wheat is being held, so little that il can make no difference to the supply price, and holders have been advised by.tho Government that they must not withhold wheat from sale any longor. Nothing can keep prices down when the wheat required is not in the country. In Australia, where the price was fixed at 4s. 9d. a bushel, the whole scheme has broken down. The law of supply and demand is operating without restriction, and wheat is being sold at 6s. a bushel."
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https://paperspast.natlib.govt.nz/newspapers/DOM19141216.2.27
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Dominion, Volume 8, Issue 2334, 16 December 1914, Page 6
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229PRICE OF WHEAT Dominion, Volume 8, Issue 2334, 16 December 1914, Page 6
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