Page 9 Advertisements Column 4

Taranaki Daily News, 4 December 1920, Page 9 (Supplement)

J'.very returned traveller who U in business tells how the British ware: muses are bursting , vit i, goudSj w , li( , h they cannot get rid of at anything like the price paid for them, and that four months ago the warehouses were orepared to sell at lower prices than the nulls could supply them at. The causes of the big surpluses of goods is said to he the falling-olf in orders. Tradesmen the Empire over had always kept libera] stocks in hand, curtailed " their order* with wonderful unanimity, anticipating an early slump, and the 'big fall in the price of wool and cotton settled the buying trade for a while, so that stocks Id high prices accumulated rapidlv. Tlu process of "dumping" is reported' to have already begun. One Wellington importer states that he has received good? which were not to be delivered "until January next. He is only one of many, and (he bonded stores are becoming congested with goods which importers arc not prepared to pay duty on. Another Wellington indentor relates an Auckland case where a man in order lo secure the district agency of a/ certain motor-car, had lo guarantee to take .tOO cars williiti a given period. Knowing how difficult it had been lo obtain delivery of cars, he readily agreed. To his utter consternation the whole .100 cars arrived in one sleamer, and he was faced with the difficulty of meeting a five-figure draft. The cars (in cases) are still stacked uj! on the Auckland wharves, there being n< room in the already congested bonded i st»r«s t< tak@ »ueh bulky goods.