TRADE PROSPECTS.

Poverty Bay Herald, Volume VII, Issue 1070, 13 April 1880, Page 2

TRADE PROSPECTS.

The Home News, writing under the above head, has the following encouraging remarks : — '• We are in full awing of a great trade revival which, if previous analogy may be trusted, will give us a prosperous cycle of from seven to ten yeara. The buoyancy in markets, theiefore, makes constant progress. Both on the Stock Exchange, in the produce markets, and in all places where merchants, dealers, and speculators most do congregate, there is a feeling of confidence to which they have been long strangers, and credit, which had sunk to zero, has mounted degrees higher in the faith of profitable enterprise once more restored in Old England. The testimony of the Board of Trade Returns ia, without variation or wavering, favorable. The whole area of commercial enterprise has been widened out, and the hum of activity is heard throughout the factories and workshops of the land. Railway traffic receipts keep going up by " leaps and bounds," and the only discouraging factor in the case is the meagreness of the Revenue, as explained above. Furnaces relighted, cotton mills running full time, railway workshops employed from morn till dewy eve, are the ordinary incidents of the day. It is only a question of time when these signs of better times must react on the Revenue, and public prosperity will put the copestone on the success of private enterprise. Our foreign (export) trade is making rapid strides ; and if the year ia crowned with anything like a beautiful harvest, England will roll cheerily on in the new cycle of revival and everadvancing prosperity. To her colonies also this is the best of good news ; for they must share in her progress as they have shared in her adversity.