TRADE DEPRESSION
WOOLS AND WORSTEDS SHORT SKIRTS PARTLY TO BLAME Received Feb. 16, 11.30 p.m. LONDON, Feb. 16. The present vogue of knitted goods and short small skirts was one of the factors in the depression in the worsted trade, said Mr Wood, secretary of the Woollen and Worsted Trades Federation, in the course of la paper before the Royal Statistical Society. The wool industry did not usually meet a depression by discharging trained work-people, but by short-time, and the mere figures of unemployment therefore did not tell the the whole tale of depression. Reckoning the decline both in the numbers employed and their average earnings, the wool land textile industry as a whole showed a 25 per cent, reduction in 1926 compared with May 1920. This depression lasted three years, and showed no signs ©f lifting. There were 47,500 fewer people employed in woollen and worsted manufacturing last ydar than in 1920, but an extra 19,000 were employed in the hosiery section.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/WC19270217.2.61
Bibliographic details
Wanganui Chronicle, Volume LXXXIII, Issue 19769, 17 February 1927, Page 7
Word Count
163TRADE DEPRESSION Wanganui Chronicle, Volume LXXXIII, Issue 19769, 17 February 1927, Page 7
Using This Item
NZME is the copyright owner for the Wanganui Chronicle. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of NZME. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.