LITTLE BENEFIT FROM DEPRECIATION.
Unemployment, another factor contributing to our financial crisis, has also been a potent influence in the industrial share .market, for although the decline in the totals of unemployed has been appreciable, and is a wel- come development as far as it goes, it is, after all, due principally to the changes made by the present Govern- ment in the administration of the Unemployment Insurance Act. The small decline shown in the number of workless men, together with the absence of any real improvement in railway _ "traffics, indicate between them that trade has so far reaped little benefit from the depreciation of sterling. TheSe. indications have not been lost on dealers in the industrial share market With the credit rumours which invariably gain currency in times of financial disturbance, they go far to explain the dullness which has recently been in evidence.
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