TRADE CONDITIONS.
ECONOMIC PUZZLE. PRICE-CUTTING IN AMERICA. Cress Association— Electric Telegraph— Copyright (Australianand N.Z. Cable Association.) NEW YORK, Sunday. The wave of price-cutting and unemployment continues. Coal, which has been selling at from eight to twenty dollars per ton, has been gradually reduced between 25 and 50 per cent. Production has increased, and the fear of a coal famine during the coming winter has been dispelled. Several important- Colorado mines producing copper and zinc have paid off their workers. Four mines which produced ten million, tons of zinc monthly will reduce production by half owing to the fact that there has been no demand for zinc. The woollen mills continue to close for various periods, some operating for only three days per wee'k. The railroads throughout the country have paid off 100,000 men.
Tho automobile factories in one or two centres have discharged 25 per cent, of their personnel.
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Bibliographic details
Wairarapa Daily Times, Volume 46, Issue 14259, 16 November 1920, Page 5
Word Count
149TRADE CONDITIONS. Wairarapa Daily Times, Volume 46, Issue 14259, 16 November 1920, Page 5
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