THE SHIPPING STRIKE

Dominion, Volume 12, Issue 257, 25 July 1919, Page 7

THE SHIPPING STRIKE

HINT OF A PROBABLE SETTLEMENT i DEPUTATION TO THE : GOVERNMENT \ By Telegraph—Press Asßociation-Oouvrieht' Melbourne, July-24; „ In the Federal Housb of Represeiita-" tives, Mr. L. E. Groom, Minister of : Works and Railways, asked members not to press for a statement on the strike, as the Ministry, in view of certain developments, desired to leave ;.he-■•■■wiy open for a peaceful settlement.—Press Assu. I SEAMEN'S DEPUTATION TO-THE GOVERNMENT. ~ - ; Melbourne, July, 24. : A deputation from the Seamen's Union waited upon Senator Millen and asked •■ for a conference between the Gorernnjcnl, the owners and '.lie seamen. Cabinet subsequently met and discussed the. position. Although, no oiiiciai announcement has been made, a hopeful feeling prevails that a settlement is imminent. A meeting of sniunpn agreed ir-i K resume work until Walsh is released.—Press Assn. A SUGAR FAMINE. (Kec. July 24, 9.25 p.m.) i • - Sydney, Juljj 24' A, suKfir famine, particularly of the relined article, is being seriously felt. Owius to the shipping strike and other causes supplies are almost ixhausted, an.l little is coming; forward. Retailers are limiting their customers to pounds and. half pounds. Treacle and other , suga; , products are also largely eshßiisted.—Press Assn. AUSTRALIA'S "CREDIT IN LONDON.. ; IS IT PY THE SITUA-, . ! TION? London, July 24. ; In referejicp to a Mnifinont published in Australia, that British financiers are unfavourably impressed by tilt* Australian situation, two important tankers, who are in constant touch with London's chief financiers, stato that they have never heard a whisper to this effect. that tho only thing that tended in any jvay to shako Australian credit was some of tho recent legislation. A leading stockbroker, who is closely • connected with Australian affairs, says that, though ' the Labour situation throughout the world is causing some uneasiness, the position in Australia is regarded as more favourable than that in Britain. Evidence of this is found in the price of Government securities. There is a moderate decline in some longdated Australian stocks, but it-is considerably less than the decline in Consols and British local loans, and is entirely explainable by tho changed conditions . due to the issue, of tho Victory Loan on very attractive terms, and is in nowise attributable to reports of the unrest in Australia. Even if there had been no trouble,in Australia, the price of the stocks must have depreciated owing .to the Victory Loan.—Aus.-N.Z. Cable Assn.