PRICE CUTTING IN BRITAIN.
PERMANENT DROP USUBEtT.
SLUMP IS BOOT TRADE.
LONDON, May 24.
Newspapers arc eagerly discussing a fall in prices of the necessaries of life, but tliere are no signs of a permanent fall. Indeed, the m-ices of bread and sugar are likely to go "higher, and rents are increasing. Nevertheless, there ifl 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 euddenly. It is evident that many people are 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 ate 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 7
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154PRICE CUTTING IN BRITAIN. Auckland Star, Volume LI, Issue 124, 25 May 1920, Page 7
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