WHEAT SUPPLIES
HALF-A-MILLION iBUSHELS IMPORTED PRICE RAISED TO FIVE & NINEPENCE Cabinet decided 1 yesterday morning to make the price at whioh imported wheat Will be sold by the Government in the near future ss. 9d. per bushel. This would mean, Mr. Massey informed a ro j porter, a loss to the Government of probably a little under sixpence per bushel, but the Government wished to keep the 'price of foodstuffs down to a reasonable limit. It was expected 'that when the now crop came in and gavo an inoreased supply it would be possible to removo existing restrictions and let the ordinary law of supply and 'demand operate. Mr. Massey stated that the shipments from abroad bought to the order of the New Zealand Government totalled more than half a million bushels. The Moeraki and the' Manuka have already conveyed to New Zealand l from Australia some 45,000 bushels of wheat, which has all. been disposed of in the Dominion. The Kaiapoi, sailing from Sydney to arrive in New Zealand for main ports on January 15 will bring a cargo of 100,000 bushels of wheat. Other steamers to arrive and the cargoes they will bring are as follow -.—Niagara, from Vancouver, due Auckland January 11, 10,000 bushels; Waitemata, from Vancouver, due Wellington January 14, 12,000 bushels; Hornelen, from Vancouver. due' Auckland (date! not fixed) and main porta, 97,000 bushels; Hesperos, from St. John, due main ports second week in February, 282,000 bushels, ; _ Thus owing' to Government iriterven- ; tion, there' is—apart from the cargoes already received from Sydney—to arrive in New Zealand within the next few weeks no less a quantity than 511,000 bushels of wheat. By : the time the last cargo arrives the new wheat from the New Zealand harvest will be coming in. The Prime Minister stated that Mere is every indication that next season the shortage of wheat will be even greater than it has lately been, though there is a chance that in the event of Australia's experiencing a good! season the shortage m New Zealand may be relievod from that quarter.
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Dominion, Volume 8, Issue 2353, 8 January 1915, Page 7
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345WHEAT SUPPLIES Dominion, Volume 8, Issue 2353, 8 January 1915, Page 7
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