PRICE OF FLOUR.

Manawatu Herald, Volume XLIV, Issue 2459, 27 July 1922, Page 4

PRICE OF FLOUR.

CUTTING BY SOUTHERN MILLERS. Thei’e is excitement in the flour trade at the moment, caused, it is said, through over-gristing and accumulation of stocks. The price of' flour fixed by the Government is £lB per ton less 21 per cent, for payment within seven days, and free on hoard at South Island ports of -diipment. Quite recently, however, some millers decided to allow 5 per cent discount for payment within seven days, and it is now reported Hint the next move was the extension of the 5 per cent, discount to thirty days. Of this last move no confirmation can he obtained. Yesterday quotations were reported variously at £ls 13s fid, £ls 18s 3d, and £lfi 10s per ton. all net prices, free on board at South Island ports. The distributing trade is reported ns much disturbed by these “cuts.” Auckland flour prices are said to be unchanged. So far as can be learned no business of any volume has been done at the above prices, which are not expected to hold as millers are said to be losing heavily, the full £lB only allowing a margin of 10s per ton to the miller.

Incidentally it may be stated that plain oatmeal —not the various forms of special breakfast foods — is reported as having been reduced by £2 per ton.