The United States Government are prosecuting a vigorous campaign against
high prices. War-time machinery is being revived, and every effort is being made to search out " pro- fiteers " and hoarders. So far, however, this endeavour to reduce the cost of living has had little influence on the industrial situation. Sporadic strikes still continue, and on Sunday last what is described by the Times correspondent at New York as " the greatest transportation strike in the history of New York " began when 14,000. employees of the Inter-borough Rapid Transport Company ceased work after the refusal of the company to grant a 50 per cent. increase of wages. The Inter- borough Company controls almost the entire subway system of the city, and also the elevated railways. Fortunately for the hundreds of thousands of people who had to roach the city for their daily work, the strike lasted only forty-eight hours. On Tuesday the offer-by the company of a rise of 25 per cent. was accepted, and the men resumed work. It is feared, how- ever, that unless a speedy reduction in prices is made, further labour troubles may be expected.
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