Tokyo. Aug, 4:
Diring the frst halt year of 1942, business" in Japan showed a consi? erable decline "due chiefly' to. the growing dif culty in adjusting labour, Yaw: materials and. capital require: ments, according to investigations ade by' the Industrial "Henie of 'As a result, a considerable number: of firms lave been compelled to cut, down "their dividend rates, 114 com-Panies in all being in that, position, in the industrial fields. on the other hand, 120 firms were able to raise their dividend' rates, monial, Steel Curtailment Cleveland. Ohio, Aug, 5, 'The magazine "Steer" estimated gay that the steel industry this week {operating at 885 per cent, of mill capacity, but' said production would likely be cut shortly, atk of raw material notably scrap, and™ frequent "revisions in "rolling Schedules—made "necessary by the: srowih"of priority ratings—have, be-ome great handicaps to the steel in~ Gustrys the magazine sald—United Washington, Aug. 5, Mr. Leon Henderson, Price Control Administrator, yesterday announced that the Department of Justice. was investigating alleged monopolisile the serap steel and iron industry.
'Monopolistic practices, Mr, Hender-/son said, tended to raise prices- He said he' was informed that bout Afteen scrap. iron and steel dealers Jhad gained control of 98 per cent, of the serb purchased by the. steel mills and "Secretly maintained sub-Ssidies in an effort to control. prices, lotion ana grades Sr, a sald,—United Press, ner
Text read from the printed page and cleaned; old type leaves the occasional error.