INDUSTRIES SLACK
FEARS OF UNEMPLOYMENT DURING ' COMING WINTER MANUFACTURED GOODS FALLING IN PRICE \ • \ By Telegraph—Presa Association—Oopyrlght (Bee. September 19, 11.5 p.m.) London, September 18. There are great fears that there, will be considerable unemployment during the coming winter. ■ Trade is already slack, particularly in the cotton, woollen, boot, and motor manufacturing industries. Some thousands of workers wore recently discharged. and many factories and mills are working short tirns. Although food prices are still rising, prices of manufactured goods aro stationary, or slightly reduced. Manufacturers 'and wholesale merchants believe that tho maximum has been reached, and are displaying a tendency to reduce prioes owing to the depression in trade, and the public's severely restricted purchases. It is announced that Manchester manufacturers are reducing whol6salo prices by 5 to 15 par cent. The Co-operative Wholesale Society's half-yearly - report shows a trading loss of ,£132,288, which has been dobitcd to the reserve fund.— Aus.-N.Z. Cable Assn. INCREASED COST OF LIVING HIGHER POOD PRICES. •. (Rec., September 19,, 11.5 p.m.) London, September 18. ■Official statistics bliow that there liar • been 161 per cent, increase in the cost of living compared with pre-war figures, ond 167 per cent, inoreaso in prices of foodstuffs. Mr. G. A, M'Curdy (Food Controller); speaking at the Grocers' Exhibition, _ said that owing to the continued rise in- food prices the average working-class family's weekly budget would be 9s. Bd. more next Christmas than at Christmas, 1919.—Au5.-N.Z, Cable Asen.
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Dominion, Volume 13, Issue 306, 20 September 1920, Page 5
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237INDUSTRIES SLACK Dominion, Volume 13, Issue 306, 20 September 1920, Page 5
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