THE UNEMPLOYED

Otago Daily Times, Issue 23370, 9 December 1937, Page 11

THE UNEMPLOYED

INCREASE IN BRITAIN MANY INDUSTRIES AFFECTED LONDON, Dec. 7. The big jump in unemployment chiefly hit the cotton, woollen, and textiles industries, and also, signi-. ficantly, the luxury and semi-luxury trades, which have been badly affected as a result of widespread losses on the Stock Exchange. The radio industry seems to be in an unhappy condition, and the motor trade is also having its difficulties. Silver is in .the midst of one of its periodical upheavals. Heavy selling, mainly on behalf of the Indians, brought down the price to its lowest level in three years. Sellers apparently fear that the Japanse may seize the Chinese silver stocks and throw them on an unwilling market. Other holders are disposing of metal owing to uncertainity as to what America will do when the London silver agreement expires at the end of the year. RETURNS FOR NOVEMBER (British Official Wireless) RUGBY, Dec. 7. (Received Dec. 8, at 5.5 p.m.) An increase of 108,954 in the number of registered unemployed, compared witi? the October figure, is shown in returns for mid-November. In comparison with the year before, there was a decrease of 69,860.