THE PRICE OF BUTTER.

Dominion, Volume 1, Issue 147, 16 March 1908, Page 2

THE PRICE OF BUTTER.

A FALL PREDICTED. BUTTER COMMITTEE TO MEET TO-Da'l. The wholesale prices of New Zealand butter in London'and in Wellington aro to-day as follow:-r- ; , . London, 116s. to 118s. per cwt., freight

Equivalent to a shade over lid. per lb. ■ ; in Wellington. '- ; In .Wellington,;' 15jd. per lb. '' Equivalent to ; about 1 15} d, per lb., unwrapped. - ,; Tho oftect of the drop in London prices has necessitated a roview of. tho local prices on the part'of those controlling the wholesale market in Wellington, and at a meeting of tho Butter Committee, to bo held to-day, it is expected that reducod prices will bG decided. on. ■ r The slight improvement in the milk yield and in the prospects for a winter supply generally (duo to the showers) will doubtless have some influence uporo the l decision. .The high prices ruling for butter in "Wellington and other parts have had a serious effect in reducing tho quantity of butter consumed, and it is a question to be yet .determined how far the lost ground will bo. recovered whon normal prices return.' to n® "! ldorstaDd that tho sales of butter by Wellington grocers at the present time are one-third less than the usual "sales at this time of.year. The large quantity, of butter Up*".;. 1 ? store—over 500 tons in the whole JJonumon, and over 176 tons in Wellirigtonnas a bearing upon the situation/-.- ■