Salt Lake Tribune | 1917-03-18 | Page 17 | Switzerland Loses Great Watch Trade

SWITZERLAND LOSES GREAT WATCH TRADE Determination of England to Stop Importation Im-portation of Luxuries Brings About Market Restriction, BERNE. March 17. One of the principal princi-pal industries of Switzerland has been hit hard by the decision of the British government govern-ment to stop the Importation of all articles arti-cles of luxury. Tho watoh manufacturers of Chaux-de-Fonds, Vevey, etc., have lost one of their best markets, at leant temporarily. tem-porarily. As 1 heir exports to England and the British colonies formerly amounted amount-ed to millions of dollars annually and the French, German, Austrian end other markets mar-kets ere also largely closed to them, the factories find themselves in a most serj- I ous position and may have to clos their : doora. The "Federation Horlogere" in Chaux-de-Fonds declares that many manufacturers manufac-turers who so fr refused to make war material, although rich profits were offered of-fered to them, will now tke the formerly, rejected French and English contracts and i make parts of guna, a erpolanen, shells, etc., because thy do not want to throw thousands of workmen on the street.