WIDE REPERCUSSIONS
COMMODITY MARKETS BUSINESS ON EXCHANGE POSITION OF SHIPPING (Reed. Feb. 24, 9 a.m.) LONDON, Feb. 22. Directly and indiActly in both the commodity and Stock Exchange markets the effects of the shipping problems are increasingly evident. Repercussions are widespread. It was revealed this week that the present output of the cotton industry may be halved as a result of the curtailment of raw material supplies. The Egyptian Government has announced a bill to reduce the Egyptian cotton crop. The United Kingdom is strenuously endeavouring to prevent chaos in. the industry. The labour released will be transferred quickly to various armament works. The tin. and rubber which reflected fear of shipping difficulties, have been encouraged by reports that the United States are willing to provide adequate tonnage to deal with the accumulation of tin and rubber awaiting shipment in the Far East for America. This in turn would ease the position in other trade spheres.
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Bibliographic details
Gisborne Herald, Volume LXVIII, Issue 20488, 24 February 1941, Page 7
Word Count
156WIDE REPERCUSSIONS Gisborne Herald, Volume LXVIII, Issue 20488, 24 February 1941, Page 7
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