WOOL LEADS THE WAY

Hawke's Bay Herald-Tribune, Issue 94, 7 May 1937, Page 50 (Supplement)

WOOL LEADS THE WAY

Recovery from Depression Here is some oomment upon the commercial outlook that in many way» eould be applied to the present time. It is an extract from the Hastings Star bf September, 1886: — "The cables received during the last few days touc-hing the price of wool will form a fitting crown to the monument which Mr Stead has been recently building up, aud which is intended to prove, and does prove, the fact, that despite tho alleged dullness of trade and the cry of liard times the colony has' all along been tnaking astonishing prouiress from a commereial point of view> In his exhaustivo and capable address before the Christchurch Chamber of Commerce 5lr Stead remarked. No tbovightful obesrver of the state of p.ommerce tbroughout the world during the years 1885-6 can regard it with anything but profou'nd dissatisfaction.i but in New Zealand we have been cheered "lately by a welcome improvemeut in the price d our chief staplewool — both in London and Antwerp. This improvcmcnt has licen both subslanliaJ nnd progressive, and it leads to Ihe hope that it may be fche harbiuger of a general trade revival in Europe, and eonsequently of brighter Hmes in New Zealand. To those who look forward thus liopefulh it will be mtoiPstin-r to— so lo speak— .tn ke ,sto-l« and considor to wliat extei.t. if any. the colony has progressed in spite of the past four or Hre ti pression." ...