Increase Not Attributed to Undue Speculation London. Jan, 27, 1937 promises to be a year of muni. cipal and governmental projects—public buildings rather. the private speculative and. investment schemes fof the past few years. In other verds, his will be year of enduring wrehiteetural wor The. depression in the land market has practically halted speculative putiding in residential districts, and the sharp rise in building costs has, for the present, upset several build: ing programmes. The upward trend fof. the Prices of building materials can be. attributed chiefly "to two causes: the United States west const maritime strike and the demand for brick, cement and steel by the nae ional and local governments for defensive works. The strike has affect Ted chiefly the price of Oregon pine, fof which timber China uses enormous quantities for carpentry and modern engineering works. ther materiis sich ax time, sand and stone soared in sympathy.
Text read from the printed page and cleaned; old type leaves the occasional error.