FREIGHTS FALLING.
,—ae»_ DOWN B Y 50 PER CENT. THE CHANCE FOR THE PRODUCER . By Electric Telegraph.—Copyright., <• (Aust.-N.Z. Cable Association.) (Received Nov. 19, London, Nov. 17. Freight rates continue to fall. The decline in the past six months has averaged over 50 per cent. There are signs, also, that the downward move has not yet ended. This cheapening of the rates is due to a quicker recovery of the world's shipping from the influence and destrtiutivencss of the war than its productive machinery, consequently there is more tonnage available than .-goods for transport. 'The' downward tendency is likely to continue at least temporarily, owing to the fact that seven million tons of new shipping are being completed in British and foreign yards in the course of 1921. But the limit may be reached when owners .find it necessary to lay up some of the tonnage until an economic recovery of Europe provides more goods f'r transport.
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Bibliographic details
Feilding Star, Volume XVI, Issue 4148, 19 November 1920, Page 2
Word Count
156FREIGHTS FALLING. Feilding Star, Volume XVI, Issue 4148, 19 November 1920, Page 2
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