GAIN TO AMERICA
TRADE THROUGH V/AR
ARMAMENT ORDERS
(Reed. Nov. 14, 9 a.m.) NEW YORK, Nov. 13.
The United Press of America says it is estimated that the net war gain in 1940 to United States business will amount to £176,000.000. which is about one per cent of the anticipated national income. It adds that £200,000.000 in. armament business is expected in the nesi 12 months, but the loss, of peacetime trade will possibly be £40,000,000. Aircraft -orders at present are worth £0,000,000, with £14,000,000 expected immediately.
The Federal Works Administrator. Mr. John Carmody, predicts that the war spending will re-employ only 500,000 of the 9,000,000 unemployed.
BOMBERS RECOVERED
SALVAGE FROM BARGE
(Reed. Nov. 14, 9 a.m.) NEW YORK, Nov. 13,
The two Lockheed bombers destined for Britain were recovered undamaged from the barge which was reported on Saturday to have sunk at a pier. There is no evidence of sabotage.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/GISH19391114.2.73
Bibliographic details
Gisborne Herald, Volume LXVI, Issue 20094, 14 November 1939, Page 7
Word Count
151GAIN TO AMERICA Gisborne Herald, Volume LXVI, Issue 20094, 14 November 1939, Page 7
Using This Item
The Gisborne Herald Company is the copyright owner for the Gisborne Herald. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of the Gisborne Herald Company. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in