COMMERCIAL
PRODUCE REPORT.
BUTTER
The butter market has again proved most disappointing. Prices during November gradually declined, reaching 85s during the week ending 25th November. It was then considered that the. bottom had been touched and two sharp 'riges occurred, spot quotations, reaching 925. This rise carried little confidence in the minds of those concerned. ' Gradings and shipments in sight, together w.in the übnormal prevailing, soon made themselves felt., and buyer s declined business except fbr current requirements, and prices once more fell back to an even lower level, latest!' quotations being",B2s to BAs for New Zealand.?.. Messrs W. Weddel and Co. Ltd. cable that spot stocks in the United Kingdom are below last year, but buyers generally 'are pessimistic and depressed. Tj the last few days of November and the first day or, two of this month there was quite a fair amount of forward activity,, and buyers were found for December, January, and in some cases, February shipments of butter at to 'aett f.o.b. ocean steamer. However, w'Jh the fall in the spot market, forward buyers seem to have withdrawn -again, although there is still a limited ~inquiry at round about 9d,
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Hokitika Guardian, 13 December 1932, Page 7
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194COMMERCIAL Hokitika Guardian, 13 December 1932, Page 7
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