BUTTER MARKET
CAUSE OF WEAKNESS. SPORADIC BURST'S OF BUYING. EFFECT OF FOREIGN QUOTAS. (United Press Association—By Electric Telegraph.—Copyright.) Received December 27, 8.50 a.m. LONDON, Dec. 26. The butter market shows little signs of improvement. There have been sporadic bursts of buying, but these ceased as soon as retailers filled their immediate requirements. The position is well described in Messrs Weddel’s monthly report: “To put it mildly, the market for some time has been suffering from nerves. Buyers, fully aware that large quantities have arrived or are due from New Zealand and Australia restrict their purchases accordingly, while importers, in an endeavour to prevent an accumulation of stocks, have no recourse but to consistently reduce prices in the hope of securing business. Unfortunately, owing to the system of quotas and high -tariffs imposed in various Continental countries, re-export of butter to* these markets is considerably restricted, the amounts being very much less than for the same time in 1931.”
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Manawatu Standard, Volume LIII, Issue 25, 27 December 1932, Page 7
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158BUTTER MARKET Manawatu Standard, Volume LIII, Issue 25, 27 December 1932, Page 7
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