U.S.A. SPECULATION
RETAILERS HARD HIT. (Australian and N.Z. Cable Association.) NEW YORK, March. 5. The slump on the Stock Exchange at New York and elsewhere in the United States is now being felt in trade circles throughout the whole country, having caused a general depression in buying. It is estimated that four million dollars have changed hands during the last few days, the Winners, being mostly men already prosperous, while the losers have constituted-a considerable section of the buying public. As a result, the departmental stores and other retailers have noted a marked .decrease in their sales. The automobile firms have also,,suffered. The latter are considering the. reduct: ing of prices in order to stimulate late business. Many fashionable dressmakers have received cancellations of orders. Even the theatres are feeling the pinch, through a loss of patronage. < . ’ ’
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Bibliographic details
Greymouth Evening Star, 8 March 1926, Page 4
Word Count
137U.S.A. SPECULATION Greymouth Evening Star, 8 March 1926, Page 4
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