WORSTED TRADE DEPRESSION.
NO SIGNS OF LIFTING. London, Feb. 16. The present vogue for knitted goods and the short small skirt was one of the factors in the depression in the worsted trade, said Mr. Wood, secretary of the Woollen and Worsted Trades Federation, in the course of a paper before the Royal Statistical Society. Mr. Wood said the wool industry Aid not usually meet a depression by discharging trained workpeople, but by short time. The mere figures of unemployment, therefore, did not tell the whole tale of the depression. Reckoning the decline both in the numbers employed and their average earning, the wodl textile industry as a whole showed a 25 per cent, reduction in 1926 compared with May, 1920. This depression had lasted three years ariS showed no signs of lifting. There were 47,500 fewer employed woollen worsted manufacturing last year than in 1920, but an extra 19,0(>0 were employed tn the hosiery section. —(A. and N.Z.)
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Hawke's Bay Tribune, Volume XVII, Issue 57, 18 February 1927, Page 7
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159WORSTED TRADE DEPRESSION. Hawke's Bay Tribune, Volume XVII, Issue 57, 18 February 1927, Page 7
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