TALK OF A BOOM.

Hokitika Guardian, 12 March 1925, Page 4

TALK OF A BOOM.

A USTIIA UA X OPTI M l SM. XYD.\ ICV, February 21. The wool cheques, accompanied I >.v moil and women from outback who hart not tasted the. delights of u hig city fo. :i long time, are a.’.riving in Sydney. They have been coming amongst “ns for several weeks past. And light behind them are the wheat cheques. Already, it is said, the hig hotels are being booked up by the wheat farmers and their eager ladies. Sydney is anticipating a ‘•boom.” There are signs on every side to suggest that it "ill not ho :i Vain hope. Probably never in her history has Xew South Wales received so much money in one year for her wool and wheat Hundreds of primary producers this year have.received cheques which "ipc out the memory cl' a, decade of leanness. The How of money has set in steadilv towards the city, of course.

The farmer is paying off his liabilities to the two classes of men who usually “earr.i’’ him the country storekeeper and the land and timuuc institution. The storekeeper, of course, is straightening out his ‘accounts with the city wholesaler, and ordering new stocks. The finance institution is gratefully re-

reiving the farmers’ payments mu] placing shorn in tl:e hanks. The banks arc letting it he known that, very soon, there will he more and-cheaper money about for “legitimate enterprise.” Meanwhile, Mr and .Mrs Woolgrower and Mr and Mrs Wheatfarmcr are oil to Sydney for “a. good time.” Sydney people are not .getting a share of gold's?n harvest though the wholesalers or the retailers are thinking seriously about that easier accommodation at the hank and deciding that this is the time to try a new enterprise. Some trades, like the motor-ear sellers, are already booming. Mr and Mrs Wlieatiarmer are buying a car at once—and a good one, too. Millions of pounds worth of bar gold is arriving in Australia from America, and being minted into sovereigns. ’The economists are trying to tell each other what the effect of this is going to he. Will it help to make money easier? At any rate, it will not tend to restrict credits. Sydney, look where she will, sees no reason why she should not anticipate a very sweet little trade boom. A recent enquiry shows that there hn° been great activity recently in the registration of businesses and companies —mostly small, semi-speculative affairs, covering retail operations.