BRITISH TRADE SLUMP.

New Zealand Herald, Volume LVII, Issue 17594, 6 October 1920, Page 7

BRITISH TRADE SLUMP.

BRADFORD. FEELS PINCH.

FIRMS IN DIFFICULTIES.

; PRICE-CUTTING „AT LOSS, ! By.,TelesrrkphTlrPJcess Association—Copyright. ; %C::4/:%-i -.(Beceivcd t '8.30.-p.m.) ". :'-■'■'•' '' ■■'. ';■•■ IX)NDON, Oct. 5. ' vThere. are . further" indications of trade .depression and increasing unemployment. The secretary of ' the National Union of Manufacturers says that reports are coming in daily announcing the cessation of fresh business,' chiefly because manufacturers cannot compete with, foreigners, especially Americans, Germans, and Japanese, . owing '■ to excessive ; British production* costs. ■. The' Daily* Telegraph states that the slump in. wool 'prices is seriously affecting Bradford. It is ' hinted that some firms *are in difficulties. r There' are persistent rumoure that well-known houses are in : danger :of collapsing. It. is believed that a certain ' amount of pricecutting is proceeding quietly, in order to realise on stocks, though, it involves loss.

WOOL MARKET DEPRESSED. NO BASIS OF VALUES. A. and N.Z. LONDON, Oct. 4. The Bradford wool market is 1 depressed, and no basis of values can be found. Onint.nt.innn nrn at. nrpspnt imnnsßiHe

NO RELIEF TO PUBLIC. HIGHER SERVICE COSTS. Reuter. / LONDON, Oct. 4. While reports, from many quarters indicate that the tendency of prices of food, clothing, and other domestic commodities is. to diminish slightly, this is more than counter-balanced by the sudden rise in the cost of public services, such as gas, electricity, railway and other fares, house rents, and taxes. . ,