Monthly Consular and Trade Reports Volume 308-311

Monthly Consular and Trade Reports Volume 308-311

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This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1906 edition. Excerpt: ...and they found it difficult to comprehend why experts had not already made a more thorou h investigation of the conditions, with a view to taking advantage of this enormous and constantly expanding market. TRADE DEPRESSION. MANY GERMAN ESTABLISIIMENTS IN FINANCIAL STRAITS. Consul W. C. Hamin, of Hull, furnishes the following interesting account of the depression in the German leather trades. It was printed in an English paper from a special correspondent, and says, in part: For a series of years the German leather industry has been experiencing a trying time. Complaints of nnremunerative business are now more general than ever. During the last three years the reports and balance sheets of most of the leather companies have clisclosed a serious reduction of profits, while many weaker eoiicerns, iinahlc to stand the strain, have disappeared. Last year's financial declarations told a de ressing tale. For example, a number of companies, with one-fourt to one-half million dollars capital, showed deficits of $10,000 to $337,000. Three leather works went into liquidation, four made arrangements with their creditors, two reduced their capital, one lost the whole share capital and disposed of its works, while another at Berlin was compelled to raise $412,500 new preference capital in order to liquidate its bank overdraft. A Mainz concern has not paid a dividend for nine years, and so on. REASONS FOR TRADE DIFFICULTIES. Some of the causes are indicated in the reports of the companies affected. The most general is the high rice of hides and skins and the inability of leather manufacturers to o tain for the finished product prices commensurate with the advance in the cost of raw material. "Throu h the high rice of calf skins " more

Product details

  • Paperback | 416 pages
  • 189 x 246 x 22mm | 739g
  • United States
  • English
  • black & white illustrations
  • 1236941721
  • 9781236941725