THE PRICE OF BUTTER.

Dominion, Volume 5, Issue 1518, 14 August 1912, Page 10

THE PRICE OF BUTTER.

WHOLESALE VALUES ADVANCE. Ail advance of.one-'halfpenny per pound in tho wholesale price of butter was tcported yesterday. . -This raises the price [ from Is. Id. to l-s. Hd. It is slated thnt r the present, rise is not to bo passed on 0 to the public, but. it is oil the cards that there..is a possibility of a further luilf-. penny rise ifi -tho wholesale price next a week.- If this..further . advance fakes place, it .is' understood that the retail I; price will bo raised one penny per lb. t This would mean an advance from Is. 3d. . per. lb. to Is. M. P cl ' H>. 3 A local merchant stated yesterday that ] he could not buy choice butter in the . country" for less than 12Sd. per lb., and i> on' top of this he had to bring it into 1 town, and pat and deliver it. According 1 to the,merchant in question, factories ap--1 pear to be on the eve of another boom - season. ' He had. just seen a telegram . which showed that one northern company had refused 12} d. per lb. for its'output for 1 the season, and cheese factories were ask- - ing.'Cjd. for their product. One of the ? leading factors 'in the stiffening of butter - prices is said to be the number of facj tories which are toning from butter to I cheese, this season.