PRICE CUTTING IN BRITAIN.
PERMANENT DROP UNLIKELY. SLUMP IN BOOT TBADE. LONDON,. May 24. Newspapers are eagerly discussing a fall in prices of the necessaries of life, but there are no signs of a permanent fall. Indeed, the prices of bread and sugar are likely to go higher, and rents are increasing. Nevertheless, there is a record slump in > boots and shoes in Northamptonshire, where warehouses are so choked with supplies, that a three-day working week is likely to come into operation. The clothing trade in Leeds is also depressed. Factories no longer are working at'high pressure owing to orders stopping suddenly. It is evident that many people arc unable to buy at the present prices. The slump may mean the discharge of many workers. The Whitsuntide holidays have revealed a strong movement to economise. There are fewer visitors at the seaside than were expected, despite the beautiful weather prevailing.—(A. and N.Z. Cable.)
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Auckland Star, Volume LI, Issue 124, 25 May 1920, Page 5
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153PRICE CUTTING IN BRITAIN. Auckland Star, Volume LI, Issue 124, 25 May 1920, Page 5
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