BUTTER DOWN AGAIN.
- .;. FIFTEEN PENCE ; RETAIL. : Butter was reduced'in price in 'Wellington,! yesterday by another penny.,-. The retail price of the best butter is now Is. 3d', per pound. , . The. position is. exactly .what The Dominion has allalorig predictecl, in'almost .isolated contradiction to- the iiutmerous... prophecies mado in.other quarters of- a butter famine. Tlio do'alers who'controlled .'the .local -iparkets during the time tho .factories were-tied to .their exporting contracts ;held, as wo", feared at. tho'time, rather! unwarranted' expectations of a winter shortage,:.and'-instea'd of reducing : the- price of butter to." encourage sales, they . stored. So 'soon "as the outside factories ■ bccamo released from' their contracts ,they 'also Cime heavily into the local market, in tho laudable desire : to sell in the dearest market, for the benefit of their suppliers. Tho British "market is still a lone way from being the dearest, and tho local accumulation /is- probably still ,a long way ■ from" bping at its ■■ height. ;Wo. expect a. further drop before long, and there, are.,some 1 extravagant estimates going about as to the rata' .at-" which butter ;is, just;,now being stored. "...., :' .
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Bibliographic details
Dominion, Volume 1, Issue 174, 16 April 1908, Page 2
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181BUTTER DOWN AGAIN. Dominion, Volume 1, Issue 174, 16 April 1908, Page 2
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