CUBAN TRADE DEADLOCK.
RESULT OP WILD SPECULATION. By Telegraph.—Press Assn.—Copyrleht. New York, Oct. 14. Mesages from Havana state that, deGpite various proposals to remedy the financial situation in Cuba, business remains at a standstill. Many firms are paying oil' men because tliey fear they cannot, meet the pay-rolls. It is feared that no one will be able to pay employees if the moratorium continues for liftv days. The drop in sugar is considered to be only one element in the situation. A large number of repudiated rice contracts and wild speculations in other commodities, notably flour, are reckoned to be factors in the situation, which is considered to be most serious.—Aus. and N.Z. Cable Assn. CANADIAN SUGAR. CONTROL PROVES DIFFICULT. Ottawa, Oct. 14. The Board of Commerce has prohibited the importation of sugar into Canada and fixed the maximum retail price of granulated at 21 'cents per pound, plus freight. The order remains effective till the end of the year. . The board points out that the embargo recently placed on export to protect the public has resulted in the accumulation o* large supplier forcing several eastern refineries to close down. —Aus.-N.Z. Cable Assn.
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Taranaki Daily News, 16 October 1920, Page 7
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193CUBAN TRADE DEADLOCK. Taranaki Daily News, 16 October 1920, Page 7
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