Business & Finance: U. S. Lines Forward

In Camden, N. J. last fortnight 1,500 men were suddenly out of work. They had been employed by American Brown Boveri Electric Corp. on two big ships for U. S. Lines. A few days later they were called back to work. Reason for their being called off: the U. S. Shipping Board refused to advance a $15,750,000 loan on the ships until U. S. Lines put up its own stake of $5,250,000; U. S. Lines was able to furnish only some $3,000,000. Reason for resumption of work: the U. S. Shipping Board went ahead...

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