BUTTER FOR AMERICA.
SHIPMENT FROM NtEW ZEALAND. A BIG SALE. By Telegraph.—Tress Assn.—Copyright. Received Dec. 25, 5.5 p.m. New York, Dec. 23. It is understood that the Emerson Company has purchased 190,000 cases of New Zealand butter for American consumption at a price approximating half a million sterling, of which a quarter of a million has. already been paid to-day by cable. The consignment was made through Baring Brothers’ -London bank, 120,000 cases being loaded by the steamer Tekoa at Auckland. Forty thousand cases will be shipped in January, and thirty thousand in February. It is understood that the Emerson Company, which supplies grocers, has already arranged for the distribution of 'butter on the New *York market for sale in grocery chain stores. It is expected it will realise a profit up to six hundred thousand dollars, since there is said to be at present a shortage of more than nineteen million pounds of domestic butter, and the local supply will approach exhaustion just when the New Zealand -butter begins to arrive.—Aus.N.Z. Cable Assn.
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Taranaki Daily News, 27 December 1922, Page 8
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174BUTTER FOR AMERICA. Taranaki Daily News, 27 December 1922, Page 8
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