Evening Republican, Volume 19, Number 134, Rensselaer, Jasper County, 7 June 1915 — Spain Fixes Price of Flour. [ARTICLE]

Spain Fixes Price of Flour.

El Imparclal, one of the leading dailies of Madrid, states this morning that the government has sold 25,000 metric tons of Argentine wheat to flour mills at 355 pesetas per ton (about 165.50 per short ton at today’s exchange, $1 equaling 4.92 pesetas). Liberal credit has been given and the mills have agreed not to raise the present price of flour, which is 47.7 pesetas per metric ton (about SBB per short ton at today's exchange). It is noted that wheat is converted into flour at a selling price of the latter that is an Increase of 34 1-3 per cent over purchase price of the former. —Consul Robertson Honey, Madrid.