SIGNS OF SLUMP
BRITISH FIRMS IN TROUBLE
INJURED BY FOREIGN CHEAPNESS. (UNIIED PRESS ASSOCIATION.—COPYRIGHT.) (AUSTRALIAN • NEW ZEALAND CABLE ASSOCIATION.) LONDON, sth October. There are further indications of trade depression, and more reports that unem-' ployment is increasing? The secretary of the National "Union of Manufacturers isays that reports are coming in daily announcfng the cessation of fresh business, chiefly because manufacturers cannot compete with foreigners, especially the Americans, Germans, and Japanese, owing to the excessive British cos-t of production. Tha Daily Telegraph states that the 'slump in. wool prices is seriously affectjng Bradford. It is hinted that some firms are in difficulties, and there are persistent rumours that well-known houses are in danger of collapsing. It is believed that a certain amount of price-cutting is proceeding quietly, in order to realise on stocks, though it in-(voh-es a Joss on expenditure.
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Bibliographic details
Evening Post, Volume C, Issue 84, 6 October 1920, Page 7
Word Count
140SIGNS OF SLUMP Evening Post, Volume C, Issue 84, 6 October 1920, Page 7
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