TURN OF THE TIDE

Northern Advocate, 16 August 1933, Page 5

TURN OF THE TIDE

INDUSTRIAL ERA BRITISH INDICATIONS WOOL AND STEEL ACTIVITY. SHIPBUILDING IMPROVES.

(United Press Association—Bv Eleotria Telegraph.—Copyright.) (Received 9 a.in.) LONDON, August 1"). 'lndentions that Britain is emerging from the depression are shown in reports collected by the “Daily Telegraph” in various centres. For instance, the Bradford wool textile industry is busier than it has been in July for six years. Some of the biggest firms have orders extending to December. Many combing factories are running night and day, and spinners and are well booked with orders. In Sheffield, several big plants in the steel trade are working overtime and others at full capacity. The total of the unemployed there has fallen 10,000 in a year. In Lancashire, the fb*e summer has given the manufacturers of artificial silks and light materials the best season for years. 'there are signs of improvement in the engineering, constructional, steel and coal trades. On the. Tyneside, there is increased shipbuilding and in the ironi and steel trade.

In South Wales, there are signs that the .worst of the depression is over. PyociuctipU of pig iron has increased thid year by 60 per cent and steel production by even more. " 'The number of ships using the Port of London has increased more than .17 pet cent computed with.. a year ago, and unemployment has fallen.