PRICE OF FLOUR
DOWN TO £13 IDs. PER TON. Flour is now being quoted to Wellington merchants-at £13 10s. per toil, f o.b. (iii sacks). The puzzling feature in connection with tho fall in the price of flour (although the figure is still well above normal) is tliat although New Zealand is still five months off a harvest the price has rcceded at-least £4 per ton during the past four months. This seems to indicate that tho abnormal rise (to £17 10s. and £18 per ton) was scarcely warranted. It may be stated that the chances of exporting stocks to the denuded Australian markets entitled those with stocks of wheat .to either hold or jump the prico to millers, and so force up tlio cost of flour to the ultimate consumer, but at the same time the big fall of £-t per ton would serve to show that there were fairly ample stocks, which are now being made available at , a ' lower rat-o on account of a bounteous harvest in Australia, from where flour may be expected to he sent to Now Zealand in about a month or six weeks.
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Dominion, Volume 8, Issue 2572, 21 September 1915, Page 3
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190PRICE OF FLOUR Dominion, Volume 8, Issue 2572, 21 September 1915, Page 3
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