BETTER TIMES COMING
At a time when people are apt to take a pessimistic view of the economic situation, it is well to remember an old adage that straws show the way the wind is blowing. Quite a lot of comfort may be obtained from content-
platioii of the direction in which straws have moved recently. It is not long' since the dairy industry of the Dominion was in the throes of despair owing to the tragically low prices ruling on the London market. Then came an announcement that wellknown merchants had made a big forward purchase at a price in advance of that which had been ruling. This deal suggested that those who possess opportunities to obtain “inside knowledge” regarding the future trend of markets had good i cason to believe that improved prices would rule during the coming season. Now it is learned that forward purchases of lamb and mutton for export to the British market have been negotiated, buyers having offered better prices than those obtained for some time past. This suggests that the frozen meat trade is about to improve, and, in conjunction with the favourable sales of butter, constitutes a setoff to evidence which is promoting pessimism at the moment-
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Bibliographic details
Northern Advocate, 15 June 1931, Page 4
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205BETTER TIMES COMING Northern Advocate, 15 June 1931, Page 4
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