BUTTER AND WOOL BRIGHTER.

Shannon News, 10 January 1922, Page 1

BUTTER AND WOOL BRIGHTER.

LOW PRICE ENCOURAGES CUN- , SUMPTION. A market review received by- cable from London yesterday says: The butter market is more cheerful. The present. low retail prices are stimulating the demand, and large quantities are going into consumption. New Zealand butter is retailing at 1/4 per lb, and good Australian at i/ft occasionally at 1/. Traders are hopeful that now the public have got back to butter, consumption will grow, and prices recover somewhat. If cjnly the incubus of Government stocks and the fear of their being thrown on the market can he removed, the position will be hopeful. The public have got tired of margarine, and only the poorest will buy it when good butter can be procured at, about 1/4 to 1/6 per lb. The margarine trade is, already feeling the competition. Th 6 year opens favourably for the wool trade. .The outlook is brighter than at any time in 1921. There is a strong demand in ail the world’s wool markets. The general opinion, both in Bradford and London, is that the sales on Tuesday next will open with a. 10 per cent advance over December closing rates. -There is still a great scarcity of fine tops, the production of which is barely sufficient to meet present requirements.