HARD HIT
DEPRESSION AFFECT’S PAWNBROKERS?. ' *
SO PER CENT. OF PLEDGED GOODS LEFT ON THEIR HANDS
(Special, to Times.) AUCKLAND. Sept. 29,
The abandonment of the onee flourishing practice of tending money on. pledges is a phenomenon of the present 0 day. Several . city pawnshops which once did a profitable business have been obliged', by- reason .of. the depression, to dose their doors yt-o wlmt they term “the pledge business" and coniine dheir-.•attention wliollv to sales: oF new-and secondliand ::oods. A complete change has coum o\ 01 Ibe pawnshop business in the lustfew months, observed tire manager 01 one of those familiar businesses that abound a few doors from Queen street. “AVhcreas we used to md that about S 3 per cent.-, of' the p1ed- ,,,,« W ere redeemed, to-day only g.U per cent, are got rid of. The remainin''- 80 per cent, are left on our hands and, in these times, it is practically impossible to sell them.
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Bibliographic details
Gisborne Times, Volume LXXI, Issue 11325, 1 October 1930, Page 2
Word Count
157HARD HIT Gisborne Times, Volume LXXI, Issue 11325, 1 October 1930, Page 2
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