Jerusalem (Aug. 27)
(Jewish Telegraphic Agency)
A revival from the economic depression in the Palestine industries is foretold here.
The Delphiner silk factories in Tel Aviv, which were closed some time ago, will be reopened on September 1. The manufacturing plant, Raanan, was purchased by the Leipzig capitalist, Lieber, and it was stated that the factory will be reopened immediately.
A step in the direction of increasing credit facilities was made by a group of Tel Aviv landlords who decided to open a mortgage bank. Local banks are investing in the new enterprise.