FRISCO MAIL NEWS.

Wairarapa Daily Times, Volume XIII, Issue 4263, 7 November 1892, Page 3

FRISCO MAIL NEWS.

The French President. Trade and Labour. (By Telegraph.-Press Association.) Wellington, Monday. A despatch from Paris says that M. De Freycinet or M. Floquet is likely to succeed M. Carnor, as President of the Eepublic. There is great depression in the ship building trade on the Clyde, only one third of the yards being oocupied, Fifteen thousand men were idle in September. The Times flays that the present year will be disastrous for British farmers, the chief lobs will be in wheat, while there will be no adequate set od in any other crops. The outlook for winter is gloomy for all classes, and it becomes a grave question how many farmers will bo ablo to struggle

through it. At a'meeting of the London Chamber of Commerce, tho President said he was not able to congratulate tho country upon its trade propects. The coal,iron and steel trades were dull; textile and other industries were harassed by tho American tariff and perplexed by economic monetary and labour problems, Tho cholera epidemic in Hamburg carried in its train such want and suffering as had never belore marked the history of the oity. Nearly all trades were at a standstill, and thousands of working men were idle and almost starving.