TRADE CONDITIONS

Otago Daily Times, Issue 18151, 24 January 1921, Page 5

TRADE CONDITIONS

WIDESPREAD DISTURBANCES. ', PRICES MUST DECLINE. Press Association —By Telegraph—Copyright. i BRISBANE, January 22. Mr M'Gregor, British Trade Commissioner for Australia, Ira returned from a visit to America, England, and the East. He found trade conditions everywhere much disturbed, and trade harassed by labour troubles. The situation is serious. He *said there was no doubt at all that prices would decline, but no one could even guess the extent of the fall. The commercial collapse of Russia was felt all over the world, an 3 the only way but of the difficuty was the resumption of trade between Britain and Russia on a straightout system of barter, because Russia had no currency. Mr M* Gregor said that England socially had undergone a great change. The workers were determined to have more of the good things of life, but they did not dream of revolution with actual violence'. —A. and N.Z. Cable.

♦ PAPER TRADE DEPRESSED. CHRISTIANIA, January 21. (Received Jan. 23, at 5.5 p.m.) Owing to the stoppage of English, French, and American orders, causing stagnation in the paper trade, the majority of the mills in Norway and Sweden are closing down'or curtailing the output. —A. N.Z. Cable.