The Thames Star. Resurrexi. SATURDAY, JUNE 5, 1909. THINGS IN GENERAL. WORLD-WIDE TRADE REVIVAL.

Thames Star, Volume XLV, Issue 10240, 5 June 1909, Page 2

The Thames Star. Resurrexi. SATURDAY, JUNE 5, 1909. THINGS IN GENERAL. WORLD-WIDE TRADE REVIVAL.

There are many indications that a traide revival of world-wide extent ha® (begun. An yet the indications ars small in tbemwelves, but that merely implies tKat the process of recovery iwaM be slow. Slow and certain is iwhat we want; in the meanwhile, ttcauae a recovery has begun affords no excuse for extravagance. To revert to the signa of the time. If we tarn to Greait Bttitain, we see in the sh'p'building industry at distinct recovery. 'According to Uoyd/'s Register, there ,-were, on March 3-1'; exclusive of warships, 399 vessels, of 912,300 grows tons, under, construction,"' as against '415 vessels, of 847,59$ gross tons, in the correapooidin.g quarter of last year. ITiia is am advance of about 65,000 tons on the* first three months of lalst year, and of about 148,000 tons on, the December quarter. The Bnipbuilding industry may be aptly described as (the main industry of Great Britain, for it. calls into play quite a numlber of subsidiary industries, andl <a«otivity in the; main inducitry means practically general briskness. There may not be any great anargin of profit just now in shipbuilding, but the faqt that the yards are busy is of extreme. importance, tfor the cßstribuition of wage® helps to fertilize the whole trade of the Kingdom. The "boom" in IRland mining shares on the London Stock Exicihange' il"" another favourable factor, for it helps to stimulate the speculator amd mvesfor to the advantage of the wE'ole world.. If we turn to tl.e (United States we have very encouraging reports. The position in America is most encouraging and the future appears to ■ be-bright indeed. CJominp: nearer Hornet there appears" to be a deflided tra3e revival in Australia asid an HSW Zealnind! there has 'been a marked improvement. With a continuation of the present system of economy and with trade showing more strength and vigor and giving evident signs, of improverr,ent a.nrl expansion the lean years for New Zealand predicted by the pessimists /ire apparently not yet to hand.