DROP IN AMERICAN STOCKS.
, “What is your explanation of the big drop in American stocks witljin the past week? ’' was a question put to Mr Robert Mcl'hail, a southern business man who recently returned from America. His reply was that the effect of the big strikes was reflected in the price of American stocks to-day. “You know,” he said, “strikes took place in America long before the eost of living v/as as high as it is now, but never in the history of the country until now have these strikes been 'nation-wide:' The opinion among large employers of labour is that prohibition and the high cost of living are the two main factors responsible for dissatisfaction among the working classes, and discontent among the working people reaches its climax invariably in the form of a strike.” *
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Otaki Mail, Volume 27, 3 December 1919, Page 4
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136DROP IN AMERICAN STOCKS. Otaki Mail, Volume 27, 3 December 1919, Page 4
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