FLOUR AND WHEAT.

Wairarapa Age, Volume XXX, Issue 8512, 17 August 1907, Page 6

FLOUR AND WHEAT.

ALLEGED "CORNER." By Telegraph—Press Association. DUNEDIN, August 15. The Flourmillers' Association has decided upon an advance of os per ton in the price of flour, as from today. CHRISTCHURCH, August 15. A visiting flourmiller complained to a reporter to-day that with the present high price of wheat it cost the millers £l2 per ton for raw material, while they could only sell the flour at £lO 10s per ton. He attributed the difficulty to a "corner" in wheat engineered by a few merchants and millers. He thought very few farmers were, holding any considerable stocks of wheat for speculative purposes. A plan, which had found some favour amongst millers, was to substantially l'Lise 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 short-lived, and when flour came down again, wheat would come down with it, the "corner" would be broken up, the speculators, the farmers, and the politicians would come to their senses again, and the markets would return to normal conditions.