THE PRICE OF BUTTER
r — fr ■ ) ADVANCED IN 'AUCKLAND. c (By TelegrdDh.—Pro" Association.) I- Auckland, March 15. f Advices hav© been received of a j sharp advance in the rates ruling 'on ! the London market for New Zealand . butter. The present quotation is 1425. 3 to 1445. per cwt., which is practically s equivalent to the high level reached . during the first week in February! i During the next few weeks some deI pressing influence caused a steady de- ' clini), until at the beginning of March • values were reduced to 128s. to 130s. " per cwt. A reduction in the local ? wholesale price of Jd. per lb. was made I on March 3, the retail price being rer duced by Id., to Is. 3d. per lb. Wholesale merchants have decided to increase f tlieir price- for standard brands to Is. 1 2d. from to-day, an advance of Jd., in - sympathy with the London values. It .1 is expected that the retail price will a be advanced to Is. 4d. per lb. Cable • messages received by merchants in 6 Auckland indicate that the firming ten- ? dcncy. shown, by the t London market ~ lias not- yet reached its climax, and a e further advance is expected.
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Dominion, Volume 8, Issue 2410, 16 March 1915, Page 6
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203THE PRICE OF BUTTER Dominion, Volume 8, Issue 2410, 16 March 1915, Page 6
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