GERMAN HEWS
(Australian & N.Z. Cable Association. DEPRESSION IN BERLIN. BERLIN. Nov. 7. Glanzslofr Artificial Silk Company shares fell from 550 to 515 and the depression is accentuated by the announcement, that the German Steel Trust has expressed the opinion that Germany must reorganise the financial policy if an economic industrial catastrophe is to be avoided. Higher wages and shorter hours are reducing profits. Despite technical improvements in tlie coal, iron and steel industries, the Steel Trust shares are at the record law point of 951. Apparently the Trust is refraining from deciding on a dividend until it knows whether the eight hours’ day will he introduced at t lie New Year.
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Hokitika Guardian, 9 November 1927, Page 2
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111GERMAN HEWS Hokitika Guardian, 9 November 1927, Page 2
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