THE PRICE OF FLOUR.
STOCK* SAIL To Uli ACCLMILAI iAL. I here us said to be excitement in die Hour trade at lite moment, caused, it is saiu, through over-gristing and accituiula'ituii of stocks, l'he price ol Hour fixed by the Government is bid per tun less N, per cent lor payment within seven days, and free on bunt'd at South Island ports of shipment. (jmtp recently, however, some millers decided to allow j per cent ilrcount, lor payment within seven days, and it is now reported that tiie next nio\e was tiie extension oi the 0 per cent discount to thirty days. ■j! this last move no continuation can be obtained. Quotations arc reported variously as .bln Ifi/ti, bln is I, and blti 10, per ton. all net price:-., free on hoard South Island ports. The distributing trade is reported as much disturbed by these "cuts." Auckland flour prices are -aid to be unchanged. It is. said that no business of any volume has been dune at the above prices, which aie not expected to hold as millers are said to 1 e losing heavily. the full CIS it. is stated, only nlbevin? ;t margin of lit pet toil to the miller. It is stated tim: plain oatmeal —n<>: * lie various tonus of special breakfast ircM.t—bus been reduced by C2 per ion.
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Bibliographic details
Otaki Mail, 26 July 1922, Page 4
Word Count
223THE PRICE OF FLOUR. Otaki Mail, 26 July 1922, Page 4
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