THE BUTTER INDUSTRY.
LOSSES BY SPECULATORS. Press Association. A U UivjLiAxs JUj yesterday, ivcierring id tne aiacemenc pub--iSjieu chat buyers of butter in this •Anony wm lose Heavily tins season, anu that prices were iikeiy to be tower yet, iur. »piagg, managing di.eocor of,the New Zealand Dairy As..ociaaon, saia it was unquestionable mat, butter specula tors who bought Juccer in the colony last year had mitered badly, it was not news to .mu mat single firms iiad dropped Aiti,Out) and more in the season. The total loss of speculators has been var.ously estimated from £150,000 to £250,000. There was, of course, a chance that the statement was exaggerated, as it would suit prospective ouyers to have it undertoocl that they had suffered badly in the last season, oeeausc that would probably help them to buy more cheaply in the com-
ing one: Whatever the actual amjunt of losses, they had certainly been enormous. Pressed for his opinion respecting next year’s London market, Mr. Spragg said ho was not anticipating a worse one than the last; indeed if New Zealand butter could be sold in a judicious manner, not tinder pressure as last year, the market might even be a better one.
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Bibliographic details
Gisborne Times, Volume XXV, Issue 2106, 14 June 1907, Page 3
Word Count
201THE BUTTER INDUSTRY. Gisborne Times, Volume XXV, Issue 2106, 14 June 1907, Page 3
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