PRICES FALL.

Taranaki Daily News, 8 June 1920, Page 5

PRICES FALL.

THE DROP IN ENGLAND. NECESSARIES CHEAPER By Telejraph.—Press Assn.—CopyrMit. London, Juno 6. The Board of Trade liaa not yet collated the latest prices in the various trades, but it states that undoubtedly substantial reductions are visible in a number of direction!), owing to the removal of control, the reintroducing of the deterrent action of the p ™|||png Act, and the public deternot to purchase until prices have been lowered.

The* Ranks' refusals of further ndI'vanees making firms anxious to unload stocks accumulated in anticipation of further rises. Drapery, grocery and boot prices have declined by 5 to 10 per cent., and there is a movement among some large houses to convincemanufacturers that their interests co-incide,-and that there is a necessity for gradually reducing prices in order to avoid a crash.

The Yorkshire Observer, commenting on the decline in wool prices, warns hesitant overseas buyers of manufactured goods that Bradford knows how to prevent a disastrous slump, though at the same time desiring a lower level of prices. The Observer adds that they should realise it m always within the power of the vendors of colonial wool to apply the brake. Manufacturers admit that German yarn-makers have begun the invasion of the" English market, and arc, underselling local firms. The Germans use tops combed in France, where the plants are producing at full speed and cheaply.—Aus.-N.Z. Cable Assn.