BEST SINCE WAR
WOOI, BUSINESS AT BRADFORD
REAI AREA RLE CHANGE IN FEW MONTHS
FIRMS FACING BANKRUPTCY NOW PROSPEROUS
(U.P.A. bv Elec. Tel. Copyright.) ' LONDON, March LG.
The Daily Express Bradford corresl»ondf‘nt states that four months’ exceptional business lias just been completed in the wool 'industry. It is agreed that this has been the host trading' quarter since the war period. Unemployment, which totalled .50,000 in September, is now 1.9,000. Scores of linns facing bankruptcy in . the autumn are How prospering owing to the decline of sterling and Hie import duties killing competition from low-wage countries on the Continent.
Spinning and weavig mills are now’ working double shifts, and wool combers are operating 24 hours per day. The chief boom is in fine light fabrics for women’s wear. Aorlc.sh.iro hope's for at least 33 per cent, on such goods. Export business is slow, hut improving. The chief difficulty is that .there are 23 foreign countries where there are State restrictions against the export of currency to pa:v debts. Yorkshire merchants favor an international clearing house for trading debts, working on the lines of the bankers’ clearing house and arranging payment by credits for .accounts instead of transferring .currencies.
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Bibliographic details
Gisborne Times, Volume LXXIII, Issue 11592, 18 March 1932, Page 5
Word Count
198BEST SINCE WAR Gisborne Times, Volume LXXIII, Issue 11592, 18 March 1932, Page 5
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