BUTTER DEARER.

Taranaki Daily News, 29 September 1915, Page 2

BUTTER DEARER.

NO INCREASE IN TARANAKI EXPECTED. Advice lias been received that the wholesale price of standard brands of butter has been advanced in Auckland by one penny per pound, making the price Is 4d per lb. The retail price has been increased to 1b 6d per pound. There has been no similar advance in Taranaki. In conversation with a News reporter a New Plymouth merchant expressed the opinion that there would he no change here, for the present conditions of the market were rather in favor of a decrease in the price than an increase. The weather now being experienced in Taranaki was particularly favorable for the supply of butter. The price now ruling in Taranaki for butter for export is Is S'Ad per lb, and at some shops in New Plymouth the best brands of butter can be bought retail for cash at Is 4d a pound, which is only y 2 d more than the wholesale price. The general retail price ruling is Is 5d a pound booked. This shows that Taranaki people are getting their butter one penny per pound cheaper than Auckland, and in this connection it is interesting to observe that through all the changes which the price of butter has undergone recently it has always been about a penny lower in Taranaki than In other parts of New Zealand. The last change in the price was made on August 18, when, in view of the delivery of supplies of the new season's butter the price was reduced by 2d per pound. Auckland merchants state that the late of Is 4d per pound is actually below the basis coininensnrate with rilling export prices. The cost of pounding and distributing is estimated nt Id per pound, and in normal times that addition is made to tne export value to fix the wholesale price.