DEPRESSION OVER
IN UNITED STATES
A NEW ERA FOR INDUSTRIES.
(United Press Association—By Electric Telegraph—Copyright;.
(Received this day at 10.25 a.m.) WASHINGTON, July 17.
For nearly ono million working men and women in the United Staten, the depression as good as ended to-day, when their wages were suddenly lifted back to the purchasing level of bettor days by the voluntary co-operation of industry with the Government.
For hundreds of thousands, perhaps a million, more the day holds hope of similar good fortune-in the immediate future.
Textile workers to-day went back to the mills' on a forty hour week schedule at rates of pay intended to give them the purchasing power of 1929. In the steel mills labour is earning fifteen per cent more than last week, and in some cases even better.
The boost hack to the 1932 level in countless other industries is near realisation, as part of the national recovery programme.
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Hokitika Guardian, 18 July 1933, Page 5
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153DEPRESSION OVER Hokitika Guardian, 18 July 1933, Page 5
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