WOOLLEN TRADE.
OUTLOOK AT HOME. VERY GLOOMY. J&PADFORD MORE HOPEFUL. By Tal*craph.—Press Assn.—Copyrigtt. London. Oct. 5. The special correspondent of the Financial News states that the woollen outlook in Leeds is very gloomy, and there is no immediate sign of recovery. Financial crises are already under way. Twenty firms made arrangements with their creditors in one week recently,, and more must follow. There are no orders, and enormous stocks, while unemployment is rife throughout the West Riding woollen district®. Conditions in Bradford are more hopeful. There is much unemployment, but there is a decided movement in the trade, because manufacturers are able t® produce at lower price** than where large high-priced stocks are held. The prohibition of German dyes does not cause concern as large stocks are held. British broad colors are equal to the German dyes, but are still unequal to the more delicate shades.
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Taranaki Daily News, 7 October 1921, Page 5
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146WOOLLEN TRADE. Taranaki Daily News, 7 October 1921, Page 5
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