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BUTTER FAMINE HIGHEST PRICE ON RECORD 1908

Discussion in 'Penzance' started by Halfhidden, Mar 13, 2016.

By Halfhidden on Mar 13, 2016 at 9:32 PM
  1. Halfhidden

    Halfhidden Untouchable Staff Member Administrator

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    February 1908
    The stringency in the butter market continues, and on Tuesday 18th Feb 1908 one of the largest wholesale dealers in London quoted 150s 6d per cwt. for best fresh and realised it. Such a price has never before been obtained within the memory of the oldest living butter-man. "For the next six weeks," said the manager of an important retail butter establishment, "we cannot say what may happen. There is actual an famine. We cannot meet the demand. And for the working man the problem of the moment is, 'Shall I use margarine or butter?' this day last year ' best fresh' the wholesale market was quoted 100s a cwt. Today it has realised 50s 6d a cwt. more, and common realisations early in the day were from 144s to 148s a cwt. To the working man this means difference of from 6d to 7d a lb. "The retail prices are:

    Best fresh 1s 7d Per Ib.
    Fine fresh 1s 6d Per lb
    Best Salt 1s 3d Per lb
    Fine Salt 1s 2d Per lb
    Prices are up on all varieties in the wholesale market. Finest Danish is realising 143s a cwt: Argentine, 141s; Russian, 136s; and ordinary Brittany as much as 127s."

    THE HIGH PRICE OF BUTTER
    .
    Owing to the shortage in foreign supplies, the price of butter in Glasgow is now 144s per cwt. or 30s above average. It is the highest price for fifty years.
    Using the Historic inflation calculator (thisismoney.co.uk) A 1 lb of Best Fresh Butter would have cost £8.51
     

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Discussion in 'Penzance' started by Halfhidden, Mar 13, 2016.

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