Thomson's manual of Pacific Northwest finance

Geschichte des Bremer Binnenhandels im 19. Jahrhundert namentlich unter den alten Verkehrsformen und im Übergang

Bibliographic data

Monograph

Identifikator:: 1838857176

URN:: urn:nbn:de:zbw-retromon-229226

Document type:: Monograph

Title:: Thomson's manual of Pacific Northwest finance

Place of publication:: Seattle

Publisher:: Thomson's Statistical Service

Year of publication:: 1930

Scope:: XXX, 487 Seiten

Digitisation:: 2022

Collection:: Economics Books

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Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: Section V. Pulp and paper companies

Collection:: Economics Books

practically disappeared. After about twelve months’ in- terval of inflated trade, the industry, in 1920-21, dropped into the inevitable slump, which was gravely accentuated by two national stoppages in the coal-mining industry within a period of six months. During the years that have since elapsed, in which the industry has been struggling to find an outlet for its products, prices, as regards a considerable percentage of those products, have dropped to a level even below cost of production, wages have fol- lowed suit, and abnormal conditions of unemployment and ander-employment have prevailed. The unemployment position is indicated in the following table, which covers a period of six years ending December, 1930, excluding 1926, which was abnormal owing to the mining dispute. COMPARISON OF UNEMPLOYMENT IN THE IRON AND STEEL INDUSTRY WITH GENERAL UNEMPLOYMENT (Yearly Average percentages) Pig Iron Trade .. Steel Melting, Iron Puddling Furnaces, Rolling Mills, etc... General Unemplovmen? 1924 1925 1927 1928 1929 1980. 14-8 19-7 14-6 16-5 12:1 | 28.9 211 | 24:5 128 | 21.2 | 19-8 | 84-1 0A 11.0 a.” "10.9 ! 10.8 16-8 Concurrently, the rapid return to the gold standard and the stabilisation of British currency, while the countries of our competitors adopted a policy of inflation, was a serious handicap in competition to an industry in a coun- try placed in open competition, not merely in its export trade. but also in its home market. At the same time, transport charges and the cost of other commodities to the industry, and the cost of living to its workpeople, have been altogether out of proportion to the prices at which it has been compelled to sell its products, and for the past ten years it may be said that the industry, as regards the heavy sections In particular, has suffered exploitation by other trades and sections of the community. This will readily be seen from the fol- lowing figures, which give the yearly average price index for iron and steel as compared with the average of all commodities, including iron and steel, in relation to 1918, as compiled by the Board of Trade; also a similar com- parison between the Ministry of Labour Cost-of-Living { 10)

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