MARKETS DULL
BUTTER DEMAND QUIET CHRISTMAS TRADE MISSED LONDON, Dec. 17. (Received Dec. 18, at 10 p.m.) The markets at the end of the week were depressed. Apparently the guilt-edged market is drawing attention to the methods by which the banks were induced to take up a substantial proportion of the defence issues for 1939, for which some quarters regard price concessions as essential. Butter appreciated earlier in the week owing to the shortage of Australian and the absence of New Zealand supplies, but ended quietly, buyers digesting supplies. Heavy accumulations are expected after the holidays. One hundred thousand boxes of Australian butter arriving at the week-end will be available for the Christmas trade, which the first New Zealand arrivals since the strike, due on December 23. will not catch. Cheese is featureless. Phenomenally mild weather resulted in a large increase in the production of eggs in Europe. The wool market has auietened in view of the coming holiday.
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Bibliographic details
Otago Daily Times, Issue 23686, 19 December 1938, Page 9
Word Count
159MARKETS DULL Otago Daily Times, Issue 23686, 19 December 1938, Page 9
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