N.Z. BUTTER AT 135/-
Commodity Markets Are Convalescent LONDON, Oct. 17. The present state of the commodity markets is described as convalescent. Wool remains disappointing and little business is being done in Bradford tops. Uncertainty as to the future trend of prices has uudermined confidence in all sections of the industry, hut it is believed that there will be plenty of business once a reasonably stablo priee has been rq-established. The decline has been greater than any one anticipated. Certain wool-buy-erg and topmakers have been bears, and muny aro still olfcring forward tops nt prices well below the present values. The butter market remains firm ivith a st'rong uudertone. An advance in the retail price has not afi'ected saies, but buyers are becoming cantious and are operating ja a liand-to-mouth fashion. The cheese market is featureless. The price of New Zealand butter at 135/- per cwt. reached the higkest Ieve'i for seven years last week. Last week's price was 40/- a cwt. higher than a year ago, and was nearly 3d per 1b. f.o.b. above the guaranteed price.
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Bibliographic details
Hawke's Bay Herald-Tribune, Volume 81, Issue 22, 19 October 1937, Page 5
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178N.Z. BUTTER AT 135/- Hawke's Bay Herald-Tribune, Volume 81, Issue 22, 19 October 1937, Page 5
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