In that sheltered haven of labour—the railways of this country—exorbitant demands are put forward by the men, regardless of the fact that their present rates of pay show fa far greater advance on the prewar scales than any other leading branch of industry in the country, Tuidging from the present trend of economic events, however, it, would seem that there must be a further lowering of railway. rates to encourage and augment the flow of traffic, and to give some relief to the export industries of the countrys but, in order to do this, the wages of railwaymen must come down, if the necessary reduction in costs cannot be effected in some other way.
Unless the costs of production in this country, by one means or another, are lowered to level that will enable us to secure orders, neither employers nor workmen will have anything to divide, And if this business paralysis overtakes many of our industries, the dole to the employed will either have to be materially reduced and its admini ion made under stricter super ion, or it will have to be dropped altogether, Jucich had previously been active and] Advancing. Textile after feng sting towards the middle of the month, lost ground towards the Courtaulds were specially at one time the price touch—x-dividend, but afterwards fa reactionary tendency set i Off to about 86s. 9d.
Tobacco shares at one time showed considerable strength, Imperials
Text read from the printed page and cleaned; old type leaves the occasional error.