COTTON DEPRESSION.
UNEMPLOYED. • BY TELEGRAPH—PRESS ASSOCIATION—-COPYMGHT. London, November 28. Owing to the decline of orders in the coloured and fancy .trades, thousands of Lancashire looms are idle, or are partially running. Twenty thousands operatives are earning less than at any time since 1904. Eight thousand are vworliless in Sunderland, and 30,000 are in distress. - The "Commercial and Financial Chronicle's" report for July shows that tho volume of tiansactions in tho cotton goodß market was of disappointing proportions. Manufacturers fc.und it very difficult to do business on a basis of prices which the ruling cost of cotton sei'ined to warrant, and slight concessions did nut serve' to stimulate trado. The report, for Augrlst states that manufacturers lost further grcund in tho matter of volumo of orders ahead.
Permanent link to this item
Hononga pūmau ki tēnei tūemi
https://paperspast.natlib.govt.nz/newspapers/DOM19071130.2.22
Bibliographic details
Ngā taipitopito pukapuka
Dominion, Volume 1, Issue 57, 30 November 1907, Page 5
Word count
Tapeke kupu
126COTTON DEPRESSION. Dominion, Volume 1, Issue 57, 30 November 1907, Page 5
Using this item
Te whakamahi i tēnei tūemi
Stuff Ltd is the copyright owner for the Dominion. 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 Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in