FROM FEARS TO FACT.

Hawke's Bay Herald-Tribune, Issue 182, 19 August 1937, Page 4

FROM FEARS TO FACT.

Croaking about our future is a chronie habit in England, and is a time-hohoui'ed ctl'stom. The croakerS are terrified.by our growing prospcrity, which they magnify into ha alaming boom in trade, and shako in their shoes with fear of the catasthopliic slump which they tell us, is the inevitable end of every boom, tvfites Mr Hartley Withers, in the \ Einancial Times. The more eVidenccs the croakers are shown of the activity of our industries and of the well-distributed consuming power Which is absorbing their products and asking for more, the more deeply thfey are convinced that we shiall pay, and pay heavily, for the suceess with which we have climbed.out Of depfession and started along the road tb fteal reeovery . This quaking fear Of good trade, beeause of the imagined retribution that is supposed ito foUoW it, is general enough to bc feally dangerous. So far it has chiefly affeCted financial circles, owing to tho vulncrable state of the stoclc mhi'kots aftcr a long-continued riso in pricosj if it shoilld seep through into tho niinds of tho organisers of industry, it niight bfing about tho trade rccossion by tho mero influcncc of mass sUggciStion.