DRAPERY IMPORTS

Evening Post, Volume CII, Issue 32, 6 August 1921, Page 7

DRAPERY IMPORTS

SUBSTANTIAL EEDUCTION IN JUNE. A significant fact in the Government's Statistician's figures for June is the continued shrinkage in the value of softgoods importations into New Zealand, more particularly in cotton and woollen piece-goods. Wearing apparel is also arriving in very much smaller quantities. The past two months show a reduction of £1,356,378, according to the figures published in the Monthly Abstract, which represent the Home invoice cost, and do not include Customs dues, freight, or landing charges. The trade view is, that,'taken in conjunction with the campaign of price-cutting which has accompanied the present ■ period of financial depression, a shortage in some lines will mark the , end of tho heavy reductions of forced sales now drawing to a close, .with the prospect of prices stablised,-, or showing a tendency to harden. The following figures should suggest that there will be no surplus stocks of drapery goods in the Dominion next season:— ' '

.June June 1920. 1921. & & Apparel 223,103 99.<H3 Boots, shoes, and slippers 169,128 30,397 Carpeting, oilcloth 54,293 53,431 Drapery n.o.e '.. 35,675 16,703 Hats and caps 37,641 12,213 Hosiery 65,166 13,782 Millinery 19,958 20,054 Textile Piece Goods— -Canvas 12,649 5,428 Cotton 324,348 1i2,403 Linon 5,313 25.166 Billc 76,163 13,989 Woollen 193,252 39.427 Totals 1,216,689 442,436