Untitled

Star (Christchurch), Issue 7147, 11 July 1901, Page 3

There is a bad £ime coming. Such was the test of some remarks made by the President of the Wellington Industrial Association at its meeting on Monday night (says the "New Zealand Times"). Mr Brown supported his prophecy by references to the unsatisfactory state of finance, trade and industries in Europe. He pointed out that there 'had been a slump practically all over the world. In tne United States the output of iron in 1902 wou.d, it was estimated, be 50,000,000 tons. That would be 10,000,000 tons more than that country could absorb. The iron industry migflt 'be said to rule everyfcmng. If the Americans, as usual, sold their surplus regardless of -cost, bid times might be looked for elsewhere. Thero was likely .before long to be a period of slackness in New Zealand. In fact, he did not think slackness was the .word to describe <wha* was coming Mr R. 'Martin, said he believed the President was right, but hopedi he was misba-ken. Mr Brown replied that WAat he had- seen, recently in other towas in New Zealand did' not lead' Mm to be hope-