Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1921-02-16
TRADE OUTLOOK
IN ENGLAND IS
BRIGHT, REPORT
Bankers and Industrial Lead
ers Believe the Worst of
the Trade Depression Has
Been Reached.
fBr The AasocIated Presal

IOnuOu, ftD. 10 Wy the ASSu-
eiated Press) MANY British bank
ers and industrial leaders say they
believe the worst of the recent
trade depression in this country has
been reached and that the outlook
is brighter.
At the annual meeting of the
Bank of Liverpool and Martins
bank, the chairman. Edward Paul.
while admitting the extent and
severity of the existing trade de-
preston, did not despair of the
power of Great Britain TO emerge
at no distant date from the diff
culties through which it is passing.
He said there We're some reas-
surfing features and q good deal OF
sound business was being done IN
various directions. The cost OF
food was coming down gradually
and the fall in prices in many COM
modities. while it caused serious
loss to many individual traders,
was a relief to other sections of the
nation.
No General Catastrophe.
He pointed to the rise in the
American exchange as a favorable
factor, and said while there had
been q few failures, the fact that
there had been no general catas-
trophe was a great tribute to the
economic stability of the country.
Frank H. Houlder. chairman OF
the Houlder shipping line. presld-
ing at the annual meeting of the
line, said: MY hope and belief is
that the present depression has
been overdone and that We may
soon look for some little rebound
which will enable business to be re-
sumed and developed, with mod
crate margin of profit. AT the mo-
ment, however. there is no gam
saying the fact that the outlook is
very unpromising.
Lord Colwyn, presiding at the
annual meeting of the Lancashire
and Yorkshire bank. said from a
trade standpoint 1921 had opened
in depression, but he could see no
reason to be unduly despondent
about the future. Lancashire had
weathered worse storms in the
past.
Bottom of Depression Reached.
Sir Herbert Austin. of the Aus
tin Motor company. said there was
a certain amount of depression IN
the motor trade. and throughout
the country at present. but ne was
certain 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.
II believe" he continued, we
have come to the bottom of the de-
preston and that we are going to
see q recovery in our particular
trade and in many other trades OF
the country"
III. Dixon, presiding at the an
nual meeting of James Tattersall 4
Sons, cotton manufacturers, salo
Germany must be got moving AGAIN
before there could be any rea
steady trade. Given that. with the
excess profit tax out of the way
and the bank rate reduced, he
thought there would be very
prosperous trade.
Food Prices VIII Fall.
f. ]. Blackmore, president OF
the National Chamber of Trace
said: Il can promise the country
that food prices are going to fall
much lower than they are at the
present time. The index figure at
the ministry of labor is now eleven
points down from the highest point
1t reached. ] forecast that during
1921 the present dark clouds OF
unemployment will rapidly pass
away and that when this year has
passed into history we shall unan-
imously agree that it has been one
of the best years this country has
ever experienced"