BREAK IN PRICES

Evening Star, Issue 17484, 15 October 1920, Page 4

BREAK IN PRICES

SPECULATORS' LONG ItfflNGS OVER. CONSUMERS WANT THEIR TURN.

Press Association—By Telegraph—Copyright.

LONDON, October 14. (Received October 15, at 8.50 a.m.)

' The Times/ devotes much space to the break in prices, and says: "It is suggested that the fall in commodities is making it difficult for holders to market goods at all, but the publio are unlikely to waste any sympathy upon those speculators who turned a deaf ear to the warnings not to hold back, but to sell, even at a loss. They would have sustained no loss if they had heeded the advice persistently given by bankers in the past two years. The fact is that sellers of goods, especially. of a speculative element, have had a remarkably long innings, and the consumer is now hoping that his turn is beginning to arrive."—'Times.'

CRISIS IN CUBA.

TOO MUCH SPECULATION.

NEW YORE, October 14. (Received October 15, at 9.20 a.m.)

Massages from Havana etate that, despite various proposals to remedy the financial situation in Cuba, business remains at a standstill. Many firms are paying ofi their men, because they fear they cannotmeet the pay-rolls. It is" feared"'that no one will be able to pay employees if the moratorium continues for 50 days. The drop in the price of sugar is considered to bo only one -element in the situation. A large number of repudiated rice contracts and wild speculations in other commodities, notably flour, nro reckoned to lie factors in the situation, which is considered to be most serious.—A. and X.Z. Cable.