THE MEAT MARKET
RETAILERS’ GOOD PROFITS Australian Press Assn. —United Servioe.) LONDON, August 10. According to a report of the Food Council, retail butchers have been doing well lately. “The results of our inquiry,” states the report, “are that the financial position of retail 'butchers has not only improved since the war, but Has improved out of proportion to the increase in the general cost of living. Even the reduced profits of 1927-28 represented an estimated return on capital of nearly 25 per cent.” The report attributes the progressive increase in the incomes of retail, butchers for the three years from 1925-27 to the fact that there was a falling wholesale market, which enabled them to obtain an unusual rate of profit, as they only adjusted retail prices to wholesale after considerable delay.
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Bibliographic details
Poverty Bay Herald, Volume LV, Issue 17027, 12 August 1929, Page 7
Word Count
133THE MEAT MARKET Poverty Bay Herald, Volume LV, Issue 17027, 12 August 1929, Page 7
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