LEAN PERIOD AHEAD

Evening Post, Volume CV, Issue 119, 22 May 1928, Page 11

LEAN PERIOD AHEAD

UNEMPLOYMENT IN STATES (From "The Post's" Representative.) NEW YORK, 7th April. Although the United States has £2,900,-: 000,000 invested abroad, and has half the world's visible supply of. gold in the vaults of the Federal Reserve, the spectre of unemployment is looming again aB it did in 1920-21, when the world, passed through the slump period in the aftermath of the Great War. Incidents are multiplying to show that a lean period is approaching. Five hundred men and boys stormed an office on the twelfth floor of a New York skyscraper in answer to an .advertisement "Boy Wanted," and the police were called to' stop the disturbance. High living bUiihlards and municipal taxes in Americii make it difficult for a married couple to live on loss than £5 a week; consequently national sympathy was expressed, with a man and his wife who struggled against poverty in Kansas City on. £3 a week. Last year the number of automobiles sold was 5 per cent, less than in 1926. It would appear that' the "saturation" point in automobiles has been reached— for some time at least. Many States are investigating unemployment conditions, and more than one suggestion has been made for the setting up of a similar national committee to that which investigated unemployment in 1021, when there were 6,000,000 unemployed. A carpenter, J. W. Gardner, who lives at the Grand National Hotel, Petonc, was admitted to the Hospital lato List night, suffering from injuries to liis head and his left log. He was riding a motor-eyele in Lambton quay when he collided with' a tramcar, his brakes failing to act. A notification of interest to employers •and apprentices in the electrical trade appears in the advertising columns to-day.