NEW ZEALAND BUTTER
BIG AMERICAN PURCHASE. NEW YORK, December 23. It is understood that the Emerson Companv has purchased 190,000 cases of New Zealand butter for American consumpthe price approximating £500,000, of which £250,000 was paid to-day by cable consignment through Baring Brothers’ London bank. One hundred and twenty thousand cases are being loaded by the steamer Tekoa at Auckland. Forty thousand cases will be shipped in January, and 30,000 in February. It is understood that the Emerson Company, which supplies grocers, has already arranged for the distribution of the butter on the New York market for sale in the grocery chain stores. It is expected that the purchase will realise a profit up to 600,000 dollars, since there is said to be at present a shortage of more than 19,000,0001 b of domestic butter, and the local butter supply will approach exhaustion just when the New Zealand butter begins to arrive.
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https://paperspast.natlib.govt.nz/newspapers/OW19230102.2.55
Bibliographic details
Otago Witness, Issue 3590, 2 January 1923, Page 19
Word Count
152NEW ZEALAND BUTTER Otago Witness, Issue 3590, 2 January 1923, Page 19
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