A TRADE MATTER.

Taihape Daily Times, Issue 219, 29 January 1917, Page 5

A TRADE MATTER.

PANIC SELLING. Interesting 'nformation is often s3«tained it the trade ■:ir.v,J=.r ? >..•„; h y fiims to dionts i" this Dominion. One has just come to hand that may be of considerable import in the future, namely, the probable prohibition of export of certain lines from Great Britain. The writer states: "New Zealand '• Oi-fcants do -oi *•-»•:.] ».. ro:-,'Si< the state of affairs he <■; ,„.r ehiei f.-.-.r IS That there will be a total prohibition of exports. We hear that lines are overstocked in New Zealand, chiefly groceries., also that many firms are quitting their, stocks ai i oas than fob prices. We wish to impress your people that we are quite sure they will regret their panicky selling, and that the lines will turn out well before long. The panic selling is particularly bad for all concerned. We quite understand some orders being cancelled by those holding big stocks, bur this should right itself when opinion settles down to a prolonged war with increasing difficulties of transit as time goes on. On this side, our grocery Hues are strongly held in advancing markets for almost everything. The difficulty is in getting sufficient deliveries, and we think it will not be long before these "views prevail iu New Zealand.'"