Business: Britons & Ships

Britain may be a nation of shopkeepers, but her shopkeepers are exceedingly jealous of her ships & sailors—world's largest merchant marine. And Britain's shipping tycoons are jealous of their individual companies. Though big lines in Italy. Germany, Japan and the U. S. have pocketed their pride and combined for economy (TIME, Nov. 7), Liverpool's stubborn operators are still fighting it out from Land's End to Sandy Hook, from Manchester to Sunda Strait. Last week what observers thought was a step toward a truce was taken when Frederick William Lewis Lord Essendon,...

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