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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.]

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https://paperspast.natlib.govt.nz/newspapers/ESD19220317.2.23.1

Bibliographic details

Evening Star, Issue 17921, 17 March 1922, Page 3

Word Count
149

Page 3 Advertisements Column 1 Evening Star, Issue 17921, 17 March 1922, Page 3

Page 3 Advertisements Column 1 Evening Star, Issue 17921, 17 March 1922, Page 3