AMERICAN INDUSTRIES
WAVE OF PRICE-CUTTING AND UNEMPLOYMENT FEAR OF COAL FAMINE DISPELLED By Teleer&ph-.Presa Asßoolatlon-Oopyrlßht (Rec. November 15, B.IA p.m.) New York, November M. The wave of price-cutting and unemployment continues. Coal, which has been selling at from eight to twenty dollars a ton. has been gradually reduced between 25 ■ and 50 per cent. The reduction has increased, and the fear of a coal famine during the coming winter is dispelled. Several important Colorado mines producing copper and zinc have oaid off their workers. Four mines, which produced ten million tons of zinc a month, will reduce tlieir production by half, owing to the facil that there has bean no demand for zinc. Woollen mills continue to close for various periods, some operating for only three days per week. The. railroads throughout, the country have paid off a hundred thousand men. Tho automobile factories in ono or nwo centres have discharged 25 per cent, of their personnel—Aus.N.Z. Cable Assn. "-
Permanent link to this item
Hononga pūmau ki tēnei tūemi
https://paperspast.natlib.govt.nz/newspapers/DOM19201116.2.41
Bibliographic details
Ngā taipitopito pukapuka
Dominion, Volume 14, Issue 44, 16 November 1920, Page 7
Word count
Tapeke kupu
159AMERICAN INDUSTRIES Dominion, Volume 14, Issue 44, 16 November 1920, Page 7
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