The Price of Floor.

Te Aroha News, Volume XXVII, Issue 43216, 17 August 1907, Page 2

The Price of Floor.

DUNSEDIN, This Day. " The Flour Millers’ Association has; decided upon an advance of 5s per. ton in the price of flour as from,-' Thursday last. CHRISTCHURCH, This Day. A visiting flour miller complained to a Press reporter that with the present high price of wheat it the millers £l2 per ton for raw;, material, while they could only sell the flour at £lO 10s per ton. The miller attributed the difficulty to a corner in wheat, engineered by a few merchants and millers, but he thought very few farmers were holding any considerable stocks of wheat for speculative purposes. He added that a plan which had found some favour amongst millers was to substantially raise the price of flour say, by as much as £2 per ton. That, it was contended, would cause the local markets to be flooded with Australian flour; the rise would, therefore, be very shortlived, and when came down again wheat would come down with it, and the corner would be broken up, the speculators, the farmers and the talking politicians, would come to their senses again, and the markets would return to normal conditions.