FALL IN TRADE
LEAGUE OF NATIONS REVIEW United Press Association—By Electrl* Telegraph—Copyright GENEVA, December 22. According to the League Trade Review, for the first half of 1932 (compared with the corresponding period of 1931), the United States trade dropped in value by 67.5 per cent., Germany's by 60 per cent., British, by 57 per cent., and French by 54 per cent. The average world drop was one-third. Prices of foodstuffs and raw material have now declined 50 per cent. Wheat and wool suffered more heavily, whereas the prices of manufactured goods were not conformed with the general decline. The review emphasises that if trade disorganisation is not checked, many countries will be unable to maintain the already low standard of Jiving.
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Bibliographic details
Timaru Herald, Volume CXXXVII, Issue 19374, 24 December 1932, Page 20
Word Count
121FALL IN TRADE Timaru Herald, Volume CXXXVII, Issue 19374, 24 December 1932, Page 20
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