DEPRESSION IN U.S.A.
TRANSPORT CONDITIONS BLAMED. Press Association—By Telegraph—Copyright. NEW YORK, June 22. (Received Juno 24, at 10.35 a.m.) Air Sheldon, the Australian Trade Commissioner, has returned from Washington, where ho found tho keenest interest in the Imperial Conference. Ho found tho same feeling also tluoughout the country during his recent trip along the coast. Summarising the observations ho made during his tour, Mr Sheldon states that ho found’ U.S.A. coastal business depressed owing to tho shipping situation. The outlook As dull throughout the Middle West, whore much unemployment exists, the depression being primarily due to tho railroad situation. Commsnt’r.g on the shipping slump, Mr Sheldon slates that tho American Government. radices that its method of osteblwhinf a Tuorcaiililo marine, is unsuited to the conditions, and its policy wm_ flow be to transfer control to private ship-owners ns quickly as possible;.. —A. and N.Z. Caine.
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Evening Star, Issue 17696, 24 June 1921, Page 6
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145DEPRESSION IN U.S.A. Evening Star, Issue 17696, 24 June 1921, Page 6
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