TRADE REVIVAL.

Taranaki Daily News, 4 September 1922, Page 5

TRADE REVIVAL.

ACTIVITY IN BRITAIN. RECOVERY OF INDUSTRY. INCREASE IN ORDERS. By Telegraph.—Press Assn.—Copyright. Received Sept. 3, 5.5 p.m. London, September 2. There seems good reason to believe that a. genuine revival of trade in Great Britain has at last commenced; and the country is on the way to a new era of trade prosperity. Reports from various manufacturing districts almost unanimously refer to increased activity, due to a growing demand, chiefly from the Dominions, the United States and the Far East, and in a lesser degree from European countries. In the iron and steel industry, for instance, it has been found necessary to put more blast furnaces into action, chiefly to meet American and Continental orders. There is also an increasing output of locomotives for the Home, Dominion and South American railways, all placing orders for engines as well as rolling stock and rails. The hosiery trade is receiving excellent orders, all the Leicester spinning mills being on full time, wb’le in the heavy woollen mills at Dewsbury much spinning, dyeing and finishing machinery is running day and night to fill special orders for ran-d delivery. There is a great demand for cloth for shipment to the Far East, and large quantities of nap cloths are being turnr ed out. The textile industry generally is so busy that some firms are attempting to start work at six o’clock in the morning, a step which has provoked action by the National Union of Textile Workers, who intend to resist any increase on the 48 hours’ week, and propose to take a ballot of the whole textile employees on the question.—Aus.N.Z. Cable Assn.