MARKET REVIEWED.

Evening Post, Volume CXVI, Issue 36, 11 August 1933, Page 10

MARKET REVIEWED.

Joseph Nathan and Co., Wellington, in reviewing the dairy markets for July, comment on the present rise in the price of butter, which they describe as steady. The present rise has been steady and sustained, except for slight weakness in the middle of July, which was probably due to the prominence again given to the quota proposals. As intimated in our last report, any recent falls have been only a shilling or two per cwt, and a recovery has followed almost immediately, whereas previously declines .were much greater nnd recoveries slower. Very little butter afloat and in store is unsold, and a rise of a further Is to 3s per cwt will allow most buyers to break even on their purchases, which were generally made at lOd to IOHd per lb, f.0.b." Advances for dairy produce, August shipment, have heen fixed at butter B%d per lb, cheese 4%d per lb.

Millions of pennies are dropped into automatic machines in Britain every year. An official of one of the* largest outomatic machine companies recently related some of the secrets of this large industry. "The annual turnover of the business is estimated at about £50.000,000," he said. "Not all of this is good money, however. We get coins of every nationality."