TRADE IN LONDON.

New Zealand Tablet, Volume IV, Issue 189, 10 November 1876, Page 8

TRADE IN LONDON.

i | The state of trade in London and the southern districts of tho country generally gets worse (says a correspondent in the metro F£l%f f ? l ea \ ad , vance3 ; -Even purely agricultural counties in the West of England are feeling the bad times as acutely a*, the manutacturmg localities in the North. This is somewhat reuWk! able, as the place 1 refer to did not enjoy any of the abnormal prosperity of a few years ago. I met a gentleman on Wednesday who had just returned from a commercial journey on the Continent, ™d ?i? gl Z eS A T a m ° sfc d A e P lo s abl^ re P° rt of the edition of trade from the Mediterranean to the .Raltic. No one is purchasing exS for their small daily wants, and speculation an£ enterprise of all kinds are absolutely at an end. The commerceof France P and Italy has heretofore maintained a fair average— not prosperous, nor vat excessively depressed-as it has been in Germany, England and Russia The stagnation of business, however, has now reached the French and Italian centres of trade, as well as those of their more northern neighbors, and the look-out for the autumn and winter is anything but hopeful. It is this universality of depression that strikes commercial men with so much force. It is not one count™ or one trade, but it is oil countries and all trades that are suffering Everyone seems to have his own pet reason for this state of affairs' and his own cherished project for its improvement. I suspect" however, that none of the nostrums we hear of are of any practical' value. The broad fact is this-that the world has been living for some years past at too rapid a rate, and these bad times are the inevitable reaction to the excitement and speculation we have witnessed. All that msn can do is quietly to shorten sail, live wathin their means, and wait for the returning tide of prosperity