BUTTER PRICES.

Auckland Star, Volume LXIX, Issue 223, 20 September 1938, Page 12

BUTTER PRICES.

LOCAL UNCERTAINTY.

CONFUSION IN TRADE.

WILL THERE BE INCREASE?

A run on butter by retailers, following tho annoiinferneiit of the export guarantee, is reported by Auckland merchants. Anticipating nn increase in

price* f>n the local market equivalent, to t lie rise in export value-, numbers of retailer* have bought, iif. a-> much as three

Week*' supplies of I,litter in advance

Wholesalers. \vlio- ( . buying nnrl selling pries are lixrd by the Covi-riitiient. hiive been waiting anxiously for an

iiilnoiineeinerit by the Minister regarding the price of buffer on (he local market. Soini. me 1., ••.•inning t., ilouht whether the price will 1,,, ruined at all, thinking the Dairy Indii-trv Account, at the RiwiM-\e IWmk iiiiiv meet the result ill" delict.

The ruling wholesale price of butter throughout New Zealand is 1 Md per Hi. 11l is is below the export guaranteed puce of I t.H!t<l ~er 11, wind, j s paid for bulk butter, and the nmrgiii is greater after the co«t ~f pat tin-, etc.. hn's been met. To bring local prices into line With export prices, a lit-., of about. I'd would be necessary. This would bring wholesale l o<til prirc* t o 1/i p,.,- ||, and ret.iil to I/.".} or |/ii.

As the <|iinntity ..r hii(tcr solil loeallv in-comit« for ulxuit h liftli of tutu] i.r.idiKtion. the loss will l,e .•..i-.-i,lenil,le if it I* sold Mow (lie yilil ni lit coil pii-e U frti!ii"iH. Aeeordinjr to on- cm( imat.,«, the losrt Iγ In. met out of the i):iiry Industry A. i,nut would he .ipr-roxima'elv t!t(HI.(MX). '