Huge losses on tie trading for the past year will bo shown (says a London paper of January 13) in the coming annual reporta of some of the big wholesale drapery houses. Owing to the enormous decline in prices heavy losses by the wholesalers were unavoidable, but recent results have proved to be more unfavorable than was generally anticipated. In some cases substantial deficits appear in the balancesheets, after wiping out all reserve funds and crediting refunds of excess profits duty obtained from the Treasury. Losses on the year’s trading of £IOO,OOO and upwards ■will not be uncommon among the larger businesses. Wholesalers were compelled to face the trade slump and mark down their prices in drastic fashion to replace-ment-cost, or even below. Sufferers from Bronchitis or Asthma will get marked relief from “ NAZOL.” Take on sugar or through a Nazol Inhaler. Sold everywhere. Sixty doses. Is fid.— £Advt.]
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/ESD19220317.2.23.1
Bibliographic details
Evening Star, Issue 17921, 17 March 1922, Page 3
Word Count
149Page 3 Advertisements Column 1 Evening Star, Issue 17921, 17 March 1922, Page 3
Using This Item
Allied Press Ltd is the copyright owner for the Evening Star. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons New Zealand BY-NC-SA licence. This newspaper is not available for commercial use without the consent of Allied Press Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.