South Bend news-times. (South Bend, Ind.) 1913-1938, 1922-05-03
ENGLISH INDUSTRIAL
SITUATION IMPROVES
STEADILY, is REPORT
No Big Revival Has Material
lied. But There l. Big
Improvement.

iiilpItN ciiltiit.
LONDON. April l5.-tBy MaiD-
Trade and industrial conditions IN
this country ou the whole are IN
the opinion Of experts steadily Inn
proving though somewhat slowly
No big revival has mater.alized.
but there has been a continuous
bettermert Of conditions. % seeming
IS healthy growth. tina, has salts
fed traders more than any sudden
revival which might have been
Quilt on shifting sands and would
have collapsed leaving matters
worse than before
one outstandinl indication OF
the trend Of affairs Is that money is
easier and more IS being loaned,
which indicates confidence 10 the
trade situation generally.
Encouraging reports come from
various trades. notably coal textile
asd pig-iron. General living condi-
tions have improved. commodities
having dropped In price and there
has been n decrease In unemplOy-
ment although is still large.
In seeking for an unbiased state
ment regarding conditions from an
authority The Associated Press
turned 70 Robert skinner. the
American Consul General In Lon
don. In response Mr. Skinner gave
the following statement:
While governments undoubtedly
continue 20 have their very serious
difficulties Of political nature.
there are signs Of Improvement in
business which ls much less de-
pendent upon the activities of gov
ernments than might appear 10 be
the case. The recovery of trade is
taking place very slowly and un-
eventually but 20 realize that IL IS
recovering. il is only necessary. to
recall. for example. the state OF this
country just one year ago.
at that moment there was much
political and Industrial unrest.
troops in large numbers were on ac-
tive service. the coal industry had
closed down and dependent lines
were necessarily affected. Prices
were high. unemployment was much
CREATE than at present and the
psychological factors disturbed
1T seemed a year ago as though
Great Britain had lost her foreign
coal market. but today II is obvious
that this has been recovered 10 a
great extent.
The Manchester Chamber OF
CONNER tells us that hopes Of a
moderate revival OF trade with India
have been realized and that inquir-
les from India and China have been
numerous. Egypt also has placed a
fair number of orders. South Amer
lea continues quiet.
india. for many years the great
market for British cotton goods, has
become herself a manufacturer Of
such goods.
China has become more or less
a manufacturing country absorbing
say. 100 900 bales Of American cot
ton last year South America
notably Argentina and Brazil. have
begun 20 manufacture textiles and
generally all countries give signs o.
interest in domestic manufacture
While this shifting Of production
1rom one place TO another create
certain difficulties, on the othe
hand far from indicating depres
sion Il suggests the reverse cOndi
ton.
AS for trade between Great Brit
ain and the United States. export
from the city OF London are sug
gestive For the three months end
ed March 81. 1922. declared ex
ports from London 20 the Unite
States aggregated f7.870.399 plu
merchandise valued at s1.272.5s
which was invoiced in America
currency only, as against exports 10
the same period In 1921 amountin
10 f7.2O1.675.
IF we rem ember how prices hav
dropped since a year ago we sha
AT once see that not only has ther
been an increase IN values but
still greater increase IN quantitie
The large single items OF these e,
ports which show increase ar,
leather. precious metals, gums, III
ems SCRAP metal aluminium. III
seed oil. and copper concentrates.
zone hesttates 20 pick out the:
cheerful symptoms for purposes
optimistic discussion because Il
always very dangerous TO propheC
and yet he would have 20 he a vel
pessimistic Individual indeed WI
would fail 20 recognize the prevail
ing indications as most encoural
ing"