So accustomed are we to hear of the parlous state of' British trade—particulaly in these "days of a depreciated pound sterling—that it is distinctly refreshing to get the other side of the story. This is supplied by Mrs. Marguerite McCormack of Philadelphia, who describes herself as a textile broker, and who has just. returned to America after a trip in Scandinavia, Denmark and Germany. She tells her countrymen that while they are haggling over the pence treaty Great Britain is quietly capturing the trade of Europe. She says:—
'The Germans are working 10 hours a day to get back their lost trade, and are begging raw material, which is being supplied by England.' Firms in Man-Leeds, Bradford and other imcentres are making contracts for ears ahead and giving long credits, Which the present low rate of exchange in Germany helps them to do. Besides supplying raw materials, England buying up all kinds of " manufactured goods at very low prices."
We might add to this the remark of another American, published a few days ago, that British goods were so popular in China that as soon as the varieties whose production was hampered by the war were again upon the market, it would mean the most serious competition for the articles that have substituted them these past two or three years.
Text read from the printed page and cleaned; old type leaves the occasional error.