The Glasgow courier. [volume] (Glasgow, Mont.) 1913-current, 1921-04-08
LOOK
BRIGHT ABROAD
London Bankers Are HOpeful-Other
Leading Captains of Industry
Give Reasons.

Press dispatches from London are
generally very hopeful over the gen
eral outlook. Many British bankers
and industrial leaders say they believe
the worst of the recent trade depress-
and that the outlook is brighter.
At the annual meeting of the bank
of Liverpool and Martins bank, the
chairman, Edward Paul, while adj
hitting the extent and severity of the
existing trade depression, did not des-
pair of the power of Great Britain to
emerge at no distant date from the
difficulties through which it is pass
ing.
Many Reassuring Features.
He SAID there were some r~easuring
features and a good deal of sound
business vas being done in various
directions. The cost of food was
coming down gradually and the fall in
prices in many commodities, while it
caused serious loss to many Individual
trades, was a relief to other sections
Of the nation, he said.
He pointed to the rise in the Amer
lean exchange as a favorable factor
and said, while there had been a few
failures, the fact that there had been
no general catastrophe was a great
tribute to the economic stability of the
country.
Frank H. Houlder, chairman of the
Hauldeh shipping line, presiding at
the annual meeting of the line said:
"My hope and belief is that the pres
ent depression has been overdone and
that we may o O look for some little
rebound which will enable business
to be resumed and developed, with a
moderate margin of profit. At the
moment however, there is no gainsay-
ing the fact that the outlook is very
unpromising."
COlwyn Predicts Boost.
Colwyn, presiding at the annual
meeting of the Lancashire and York
shire bank said from a trade stand
point 1921 had opened in depression,
but he could see no reason to be I'M
duly Respondent about the future.
Lancashire had w%eathered worse
storms in the past, he declared.
Sir Herbert Austin, of the Austin
Motor company, said there was a GER
tain amount of depression in the
motor trade, and throughout the
country at present, but he was GER
tain that the majority of firms in the
trade were selling more cars today
than they did in the same time of the
year previous to the war.
Il believe, he continued, eve have
come to the bottom Of the depression
and that we are going to see a re-
covery in our particular trade and in
many other trades of the country"
H. Dixon, presiding at the annual
meeting of James Tattersall and Sons,
cotton manufacturers, said Germany
must be got moving again before there
could be any real steady trade. Given
that, with the excess profit tax out
Of the way, and the bank rate reduced,
he thought there would be a very
prosperous trade.
Food Prices to Slump.
f. j. Blackmore, president of the
National Chamber of Trade, said: 81
can promise the country that food
prices are going to fall much lower
than they are at present. The index
figure at the Ministry of Labor is now
II points down from the highest point
it reached. l forecast that during
1921 the present dark clouds of I'M
employment will rapidly pass away
and that when this year has passed
into history we shall unanimously
agree that it has been one of the best
years this country has ever expert
enced.'