AAS regards the Wave of economy now Sweeping Great britain, 1 way have a somewhat interesting resuit for China, Kecent reports irom Home stated toat in tne woollen trade, for example, manufacturers had to think of lower prices consequence of the lack of orders, while in the piece goods trade tacso manufacturers whose—_ contracts Were coming to a close were expected to make some concessions. Une opinion expressed locally that in consequence of the absence of demand we should see lower rates at Home in piece goods, more particularly when present' contracts run out. At the present time China is considerably below the Manchester level of prices, but lately local rates have gone up and are likely to do so still more. In the circumstances, should we see a continued rise here and a drop in Manchester the two quotations would meet and a healthy business set in, It is, however, necessary 10 warn the country against expecting low prices. Given a resumption of favourable trading conditions 1m the rest of the world, such as the arrangement of ample credits to bankrupt countries and a speedy settlement of the present European crisis and the Russian question generally, a considerable demand would arise which might cause manufacturers to ignore China. It is a necessity of the case that in the absence of very high exchange which has given her cheap goods hitherto, China must raise her offers if she is to continue in the market.
Text read from the printed page and cleaned; old type leaves the occasional error.