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» THE SOUTH AFRICAN WAR.

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FOREIGN AND COLONIAL AFFAIRS.

BRITISH TRADE, COMMERCE, AND…

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BRITISH TRADE, COMMERCE, AND AGRICULTURE. The trade of the year, though still good, shows increasing signs that the high-water mark of the close of the century has been passed. The Board of Trade returns of im- ports for the first eleven months of the year show only a slight decrease in value as com- pared with the corresponding period in the previous year— £ 475,506,5-10, against L477,275,947-but the exports show a de- crease of over eleven millions— £ 250,185,112, against £ 2fi7,S39,3r>4, In the textile trades business has remained fairly brisk, but the large profits which cotton spinners realised in 1900 have not been- main+ained', and weaving looms have been by no means con- stantly employed. The various branches of the iron trade have been fairlv ftour.shing, though at one period in the raacbine-vnakinj industry particularly there was a consider- able falling off of business, and many men were out of work. The relations of em- ployers and employed have been almost uniformly good. The. Penrhyn quarry dis- pute, however, still drags on its weary way, and there was a disastrous lock-out in the fishing trade at Grimsby. Here the dis- putants were ultimately persuaded by Lord Yarborough to re-fer their differences to the arbitration of a Board of Trade nominee, but not before the offices of the Masters' Federa- tion had been wrecked in a formidable riot. The home Stock Market has been depressed throughout the year, and consols, rails, and industrials are all lower than they were. American and Canadian rails, however, have steadily improved. African mines have maintained their prices in spite of the war, but Australians have been ververratic. An extremely dry summer has had a bad effect on aericulturf. There has l);'cn a fair crop of wheat and barley, but oats have been much below the average. Hay was, of course, a very bad crop, and imports from Canada have kept down prices for what there was. Roots, too, have done poorly. Cattle and sheep have kept a fair price, and calving rows have been remarkably plenti- ful, but feeding prices are still going up. Cheese has sold well, and so has such butter a.s is still made in England. The supply of pigs is still diminishing. + t,

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