AUSTRALIAN CABLES.

Auckland Star, Volume LIII, Issue 96, 24 April 1922, Page 5

AUSTRALIAN CABLES.

NEWCASTLE STEEL WORKS. SYDNEY, April 23. Speaking at the annual dinner of the Institute of Engineers at Newcastle, Mr. Baker, manager of the Newcastle Steel Works, said the works had now stopped development, and in a few weeks would stop producing altogether, as the company could not manufacture at a loss. He added that if they had cheaper coal they would be able to compete with English irpn and steel manufacturers.—(A. and N.Z. Cable.)

STEEL WORKS STOPPAGE. MELBOURNE, this day. Mr. Justice Higgins, referring to the cessation of activities rft the steel works, said it was not the high cost of labour that was responsible, but the collapse of the market, dumping of steel from abroad and the excessive cost of coal. The con>pany did well during the war, when no ships were available to carry steel from America, when steel was £30 a ton. Business had to stop now rails were being landed in Australia, duty paid, at £9 to £10 a ton.—(A. and N.Z. Cable.)

UNEMPLOYED IN N.S. WALES

SYDNEY, April 23. The report of the State Labour Exchanges shows that at the end of March there were 6000 unemployed in the city and TOOt) in the country.—(A. and N.Z.I