UP TO 91/-
NEW ZEALAND BUTTER.
LONDON MARKET FIRM.
big SHRINKAGE IN IMPORTS.
AUCKLAND, Monday.
Advices from London state that an advance of Is per cwt. in the price of butter lias occurred, and choicest salted New Zealand is quoted at 9is per cwt- This is the first time that 90s has been exceeded since February, when 94s was touched.
A message from London on Saturday, stated that the butter market remains firm, for although there aro signs of the consumptive demand decreasing somewhat as retail prices have advanced, the big shrinkage in imports compared with this time in 1934, and the decrease in the quantity afloat from countries south of the Equator by 6000 tons compared with the same period of last year, are “hull” points which traders cannot ignore.
The prospects for the immediate future seem good.
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Bibliographic details
Waikato Times, Volume 118, Issue 19634, 22 July 1935, Page 8
Word Count
139UP TO 91/- Waikato Times, Volume 118, Issue 19634, 22 July 1935, Page 8
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