FALLING PRICES.
POSITION IN ENGLAND. FACTORIES WORK UNDER TIME, By Telegraph—Press Assn.—Copyright. (Received Oct. 16, 2.5 p.m.) LONDON, Oct. 15. Prices continue to decrease. Gloves have dropped from 10s 6d to 7s 6d and woollen socks to Is 6d. There is a remarkable demand for five guinea suits. Boots, shoes and linen have considerably decreased. Tea is Is 8d and 2s 8d against 2s 8d and 3s, and cocoa is Is 6d against 2s 2d. Orders from abroad have been reduced. Owing to the fall in {he - sterling value on the Continental, Indian, and Chinese exchanges, metals have dropped. Yorkshire warehouses are stuffed as the result of cancellation of foreign orders, and factories are working short time.
The demand for wool is weak and the majority of wool sorters are unemployed.
The hope of improvement is remote. It has been estimated that it costs 3000 per cent more to produce a yjcr»J of 12 ounce serge than in 1915.—Au5.-N’.Z. Cable Assn.
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https://paperspast.natlib.govt.nz/newspapers/TH19201016.2.71
Bibliographic details
Taranaki Herald, Volume LXVIII, Issue 16869, 16 October 1920, Page 7
Word Count
161FALLING PRICES. Taranaki Herald, Volume LXVIII, Issue 16869, 16 October 1920, Page 7
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