The Italian Government has: made an appropriation additional to expenditures authorized in. the budget, amounting to 100,009,000 Hire, for the construction of a new direct railway between Florence and Bologna. The project fo building a new subway in Rome is vegnided favourably, by the muni-about equal to that of "Awstst, and cipal authorities, although no definite action has yet been taken vor Aueust, bit till low compar-'The Banca Commerciale, one of the ed to the yeu" -|iargest private banks in Italy, Ddoilding demand has assing its capital from 40,000, with inevensed activity of 000 to, 50,000,000 lire, The The Clyde now draft of the telephone concosmonths weve 278AKE sions, turning them over to private pared with 146,813 for operation, requires that 00 per cent period in 1923. Heavy of the capital be Italian. orders have been quiet sine: June, Machine tools are more ative, Government Deficit The prospects of laxier American Government revenues from or-cotton crop ha lo Ted to better mary sources in August totalled Lancashire, but the short week 1,487,000,000 lie, compared with 1,- 48 still, maintained in the section 5,000,000 live reported for August, spinning American cuiton. Ameri-19%8. The total effective revenues can has ineveased the activ= for the first two months of the ity of the London raw rubber} current flzeal year have reached Ko The chairman of Dunlops 00,000 lire, while exponees their volume of sales and bhava'" vison to. $,002,000,000 lie", profits is increasing, There is a leaving a defeat of 140,000,000 hrs good autumn demand for boots and for the two months. shoes and leather.
The Italian internal debt on!
Buying for winter requirements August 31 amounted to, 92,945,000,- thas improved the lumber trade, but 000° paper lire, as against 93,162,- the market favours the buyers. £00,000 paper lire on June 20, 1924. The hardwood market is improving, BetweepeJuly 1 and August 31} and proapeets are good. Petroleum hart-affa notes outstanding have} Imports continue heavy, with retail Deen reduced by 1,164,000,000 lire,! price reductions in gasoline and) while a new issue' of 42 per cent. fuel cit.
Reductions in jor Industey bonds in the amount of 823,000,000 lire has been emitted. The Italiaa foreign debt continues to increase, Price veduet were made September by a number of Britis motor-car manufacturers. Some sensational cuts were minds, obiously to offset the effort of the removal of the MeKenna duties parted passenger cary. The end-of-theearon industry is marking time until the automobile show i October and the motor-cele shovs November,
Text read from the printed page and cleaned; old type leaves the occasional error.