Evidence that the continued decline in employment has been halted is contained in recent monthly indiers compiled by the Dominion Bureau of Statistics. At May 1, employment for manufactures showed a gain for the fourth consecutive
'a, loss' was recorded from April 1, month, while a yur ago at May 1 Manufacturing industries "account, for more than half the employees used in compiling the monthly index, "Reports from various in-Jdustries since May 1 this year would indicate that this increase 18, being maintained, the automobile industry experienei sudder boom in the second half of May, and the textile industries still maintain ing their high level of employment.
Construction, transportation and manufacturing recorded the greatest improvement atthe beginning May, while mining (except coal-mining) and retail trade were consi crably more active. On the other wind there was, a seasonal contract: tion in coal-mining; communications, services and" wholesale trade also released employees.
ment in the general picture is thi The final evidence of the improyeincrease in the "velocity of money
of cheques actually cashed by the shown by the aggregate gute banks. According to this record Canadians are today spending more actively than at any time since the autumn of 1981. In this there good cause to believe that confi-fence is returning, and that hoarding ison the decline, There is thus excellent reason for Canadians to. Took ahead. with hope, as to-morrow hey join in celebrating the birthday of the inwith a summer week-end speech, which was relayed from London at midnight (Sydney time) jon Monday. The reception was bad, jand it was impossible to hear con secutive sentences, though many fords came through. clearly. 2 the time that the Prime Iwas speaking, the clearer, and Mr. MacDon: came through splendidly.
Text read from the printed page and cleaned; old type leaves the occasional error.