BOOM EXPECTED

Poverty Bay Herald, Volume LII, Issue 16211, 8 December 1926, Page 7

BOOM EXPECTED

U.K FACTORIES PREPARING ENORMOUS ORDERS HELD UP BY STRIKE LONDON, Nov. IC. Despite staggering losses due to the coal strike —losses which surpass the entire cost of the South African war —there is a. remarkable wave of industrial optimism sweeping the country.- Orders for British goods which have piled up during tho stoppage from all over the world were never executed and now manufacturers say 'that with coal peace in sight, they are beginning to carry them out and expect a temporary boom. _ \

It is also believed that the cotton industry will leap forward, and in ex r pectation of higher earnings of tho workers, the Birmingham jewellery manufacturers are preparing to swamp all industrial areas for. Christmas. Meanwhile the leaders j of the industry are finally agreeing that machinery must be created to prevent future disputes. The Government expects an immediate strong revival of the trades which the "strike affected. Steel and iron trades in South Wales have large orders on hand—one firm alone has a coutract for 22,000 tons of pipe line for Brazil, while a London firm has an important Contract to establish a tube system in Buenos Aires. From Birmingham and Sheffield comes the report that orders are piled up, while the shipyards have- contracted for twenty-three vessels, ranging from 5000 to 10,000' tons, and the White Star has announced its intention to construct a vessel larger than the Olympic.