BUTTER MARKET COLLAPSE
TOOLEY STREET GLOOMY
OPERATORS NERVOUS
(United Press Association—By Electric Telegraph-Copyright)
LONDON, 12th September
There has been an unexpected collapse of butter, and Tooley Street gloomily inclines to the belief that the market has not yet touched ! bottom. Operators are nervous, especially as they recall that prices went to pieces in October, 1935.
One of the few props to the market has been the prospect of American inquiry owing to the drought affecting "production there, but so far only a few odd shipments have materialised. Continental varieties are also depressed, though Danish has been pegged during the last few weeks. Some dealers are hopeful of a slight improvement when buyers regain confidence, but none go so far as to nredici recovery to any marked extent.
Cheese is affected by the weakness of butter, but the position is statistically sound.
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Bibliographic details
Nelson Evening Mail, Volume LXX, 14 September 1936, Page 5
Word Count
141BUTTER MARKET COLLAPSE Nelson Evening Mail, Volume LXX, 14 September 1936, Page 5
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