BUTTER 'MARKET
UNEXPECTED COLLAPSE. OPERATORS NERVOUS. HOPES OF SLIGHT IMPROVEMENT. <TI.P.A. by Elec. Tel. Copyright). (Received Sept. 13, 5 p.m.) LONDON, Sept. 12. There has boon an unexpected collapse in butter. Tooley Street gloomily inclines to the belief that the market has not yet touched bottom. Operators are definitely nervous, espesjally as they recall that prices Avent to pieces in October 1935. One of a few props to the market has been the prospect of an American inquiry owing to the drought affecting production there, but, so far, only a. few odd shipments have materialised. Continental varieties also are depressed through the Danish being pegged during the last few Avceks. Some dealers are hopeful of a slight improA r ement when buyers r<gain confidence, but none go so far as to predict recovery to any marked Oxtent. Cheese is affected by the weakness of butter, but the position statistballv is sound.
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Gisborne Times, Volume LXXXV, Issue 12965, 14 September 1936, Page 5
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151BUTTER 'MARKET Gisborne Times, Volume LXXXV, Issue 12965, 14 September 1936, Page 5
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