FALL IN PRICES.

Press, Volume LVI, Issue 16855, 8 June 1920, Page 7

FALL IN PRICES.

POSITION IN ENGLAND. (•>jy Cable-—Press Association—Copyright.) CCnited Service.) LONDON, June 5. Tho Board of Trade has not yet collated tlie latest prices in the various trades, but it states that undoubtedly substantial reductions are visible in a number of directions owing to the removal of control re-introducing competition, the deterrent action of the Profiteering Act, and tho public's determination not to purchase until prices have been lowered. The refusal by the banks of further advances is making firms anxious to unkad stocks accumulated in anticipation of further rises. Drapery, grocery, and boot prices have declined by from o to 10 per cent. There is a movement among some large houses to convince manufacturers that their interests coincide, ar.d of the necessity for gradually reducing prices in order to avoid a crash. The "Yorkshire Observer," commenting on the decline in wool prices, warns hesitant oversea buyers of manufactured goods xhat Bradford knows how to prevent a disastrous slump, though, at the same time, desiring a lower level of prices. The "Observer" adds: "They should realise that it is always within the power of the vendors of colonial wool t-o apply tho brake. The manufacturers admit that German yarn makers have begun an invasion of the 1 English market and are underselling 10-crl firms. The Germ an s use tops combed in trance,, where the plants are producing at tull speed cheaply." BRITISH COAL SUPPLIES. (Reufcr's Telegrams.; . . LONDON, Juno 5. It is officially announced that the rationing of household coal will cease on June 7th. While the pithead prices will be controll'd as heretofore, the control of wholesale and retail prices will cease, but measures will be taken to prevent profiteering by dealers, and householders are urged to secure reserve stocks during the summer. The control for export, which places a limit of 1,700,000 tons on th;> amount which may be exported monthly, will continue. ACTION IN ARGENTINE. (Keuter's Telegrams.) .< BUENOS AIRES, June 6. Owing to a rise in the price of bread the Chamber passed a. Bill imposing, to tho end of November, a supertax of 4 or 5 pesos, respectively, on every 100 kilogrammes of wheat and ilour exported. All -wheat products will pay a supertax of 20 pr-r cent, ad valorem at time of shipment. Exporters must hand over to the Government 25 per cent, of their wheat and flour. Whenever tho price is increased by 60 per cent, or more, the penalty is a.year's imprisonmnt and a fine.