The Hastings Standard. FRIDAY, JULY 26, 1907. GERMAN TRADE DEPRESSION.

Hastings Standard, Volume XI, Issue 5553, 26 July 1907, Page 2

The Hastings Standard. FRIDAY, JULY 26, 1907. GERMAN TRADE DEPRESSION.

The Berlin Correspondent of the "London Standard" recently expressed the noteworthy opinion that the remarkable period of prosperity which all German industries have been enjoying since 1902 is now approaching its termination, and Germany will soon be face to face with a period of industrial depression, if not of actual crisis. This, the writer adds, according to financial and commercial experts, is the unmistakable meaning of the official report issued by the Disseldorf Iron and Steel Exchange, which announces, in guarded, but none the less significant, language, a serious dimunition in large orders. This admission is all the more remarkable because the official reports issued from this source have long denied with great emphasis what was clear to most expert observers, namely, that the period of unexampled prosperity was rapidly approaching a conclusion, so that the ominous importance of the pessimistic report cannot be doubted. The "Standard" correspondent ?goes on to say that although the firs t signs of the approaching depression have made themselves apparent in the iron and steel trade, the same unmistakable tendency towards a diminution of prosperity is noticeable in practically all the other German Industries, which the near future will be affected by the same wave of bad fortune. The only certain thing about luck is that it is bound to change, says Bret Harte. The termination of the unparalleled period of industrial success which Germany has now been enjoying for several years has long been fortseen on the German Bourses, so that capitalists whose money was invested in industrial undertakings have had time to make adequate preparations for the approaching depression.