GERMAN INDUSTRIES IN DIRE STRAITS

Dominion, Volume 9, Issue 2635, 4 December 1915, Page 5

GERMAN INDUSTRIES IN DIRE STRAITS

A PICTURE OF GLOOM. Hi Menrapli—PreM Association—Copyright, (Rec. December 3, 8.40 p.m.) London, December 3. The German newspaper "Berliner Tugeblatt," in an interesting survey of tbe German limited liability companies, reveals the fact that, many of the factories which are turning out machinery are paying no dividends. Except three, all the electricity_ arid gas companies lmve ' reduced their dividends. Shipping and hotels "are making no profit, cement and alkali factories are losing heavily, while the textile, industry has been hard hit. SUBMERGED SUBMARINE SUNK AN "ACCIDENTAL" OCCURRENCE. By Terueraph—Press Association—Copyrlj-hl Newport News. (Virginia), December 2. Captain Glassoiy of the British steamer Inverkip (4353 tons), reports accidentally sinking a submerged sub- < "marine in the Straits of Gibraltar when ; outward bound. , The Inverkip has been dry-docked for repairs. < TWO STEAMERS SUNK. 1 London, December 2. Lloyd's report the _ sinking of tho steamers ColenGO (Wilson . Line, 3861 tons)' and . Orange Prince. (3583 tons, Prince Line). ' , The Coleneo's crew have arrived at Malta,. OUR SHIPPING LOSSES IN j NOVEMBER.. . < \ J London, December 2. The Board of Trade estimates that r German warships during November ( sank twenty steamers, of 48,500 tons. c Three hundred and fifteen lives were , lost by the sinking of the transport v Ramazan and 167 by the t sinking of j the. transport Marquette. Eleven steam- v ers, aggregating 5300 tons, were sunk s by mines.