TRADE SLACK.
TENDENCY T° REDUCE PRICES. tty .telegraph—l ress Association—Uopyngnt Australian and N.Z._ Cable Association. ‘ LONDON, September 18. i here are great fears that there will be considerable unemployment during tie coming winter. Trade is already slack, particularly in the cotton, woollen, boot and motor manufacturing industries. Some thousands of workers were recently discharged. Many factories and mills are working short time. Although food prices still are rising pi ices of manufactured goods are stationary or slightly reduced. Manufacturers and wholesalers believe that the maximum has been reached, and are displaying a tendency to reduce prices owing to depression in trade and the public s severely-restricted purchases. It is announced that Manchester manuacturers are reducing wholesale prices by 5 to 15 per cent.
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Bibliographic details
Star (Christchurch), Issue 20056, 20 September 1920, Page 5
Word Count
123TRADE SLACK. Star (Christchurch), Issue 20056, 20 September 1920, Page 5
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