PRICES SOAR.
HIGH COST OF SOVIET. SHOPS CLOSE UP. Owing to the scarcity of the essential products, says the Riga correspondent of the London Times, and also to recent Soviet measures designed to prevent private traders receiving flour, butter, textiles and footwear from the Soviet’s stocks, a great number of the traders have been forced into liquidation. _ / Official , figures mention that" 500 shops have been closed in Leningrad alone. One result has been to accentuate the rise of the prices. Inspectors’, workmen’s and peasants’ • councils held a conference in Moscow with the managers of the cooperative food stores, with a view to devising methods to stem the rising tide of the prices. Moscow co-operative stores adduced figures proving that they are trading at a loss, mostly selling below cost. One society estimated that its losses for the present- year would be at lqast 1,000,000 roubles. The clothing cooperative store pointed out that it had been compelled to raise the prices of suits 100 per cent. The conference passed a resolution that the prices of the absolute necessities ..should not be raised, and that endeavours should be made to make up the losses on these by raising the prices of the secondary commodities.
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Manawatu Standard, Volume XLIX, Issue 113, 12 April 1929, Page 7
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202PRICES SOAR. Manawatu Standard, Volume XLIX, Issue 113, 12 April 1929, Page 7
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