IRON AND STEEL
INCREASE I.\ PRODUCTS. ADD TO COST OF ARMAMENTS. .... Unlted Press Assn—Ewe. Tell Copyright - LONDON, May ISL For the first time in sewn ‘\i:;il‘.~; in wide range of iron illld steel mum: >ls has increased, in mil-e, Hm uu-vugc rise being ilve per cent. The industr} Jusiifles the rise. on the ground :11 llw higher costs or m“- illulcl'iuis, especially pig iron and cnkc. 'lan n lw» \‘w ~ rihillei'uhly increase the cost of Britain's i'e-ni‘nlu-mem programme. which tin» l-Zmnu. mist paints out already iotuls Liv: pmcent of the national income, 1110 highest percv’uliim‘ iii Inwln" l' i\ ii-wly in reach six per cent in two years. Steel shares improved .simuliuneously. A leature of the commodity markets has been the heavy decline in tin and wheat. Confidence In the outlook for tin has disappeared. as the decision of lhc International Tin Committee to post» pone fixing a quota drew niieniion [ln the dissenslons between various pro-i duoers. ‘ g I
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Waikato Times, Volume 119, Issue 19901, 2 June 1936, Page 3
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160IRON AND STEEL Waikato Times, Volume 119, Issue 19901, 2 June 1936, Page 3
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