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Hokitika Guardian, 13 December 1929, Page 4

The general economic situation of the world is such that from day to day many surprises present themselves. There is the case of the United States, reputed to be the richest country in the world, yet it has fallen avictim to one of the worst financial stampedes on record. The United States enjoyed a period recognised as a boon time. There was an orgy of speculation on the .Stock Exchange, a,id securities , were gambled with ad hh. Despite many warnings of the possibility of a reaction, the frenzied finance continued to rule till the actual set hack came. J ust what was the cause is not clear. There was no outward storm visinle, but the financial U-sturhance within was all too apparent There is some inkling, however, as to the primal causes in the recent action of President Hoover setting about a huge stabilising job by which industry and commerce will reach a more secure and stable condition. Actually there was the periodical swing of the trade pendulum to depression, and America was not ready for the reverse, or rather reviewed it as something more dreadful than it was. There was a slackening of the commercial activities, and with less production, less earning national finance is so delicately interwoven, that the banks had to restrict credit, that action in itself seems to have created the panic, which soon' went from had to worse. Prices of securities and holdings collapsed substantially, and Stock Exchange rates went from abnormal to sub-normal. Great Britain has been rather benefited by the financial upheaval in the United States, and the revised bank rate at Home made money easier for trading. The fact was that conditions in Great Britain were more normal, and the speculative craze had not had the full play it had in America where the desire to get rich quick by dabbling in securities rather than in legitimate trade, is very pronounced. Ever since the war period there has been very unsettled conditions in finance. The waste of money over that time will take a. long, long time to replace, and for that reason financial problems will recur when ordinary conditions of trading and intercourse are not observed. The great wealth of the United States permits these Stock Exchange orgies apparently, which suggests that too much wealth not properly husbanded is a national danger. After all, it is steady uirift and proper application to business which; navs and secures the national well-being. The great financial upheaval in America is going to take considerable adjustment. All the best brains are trying to adjust the equilibrium and it is clear it is not a light task.

The Hokitika Borough Council which now meets monthly holds its December meeting to-night at 7. 30 o’clock.

Addison’s—The house for gifts. Goods at keen, competitive prices. Call and inspect.—Advt.

A dance will ho held in the Three Mile Hall to-morrow evening in aid ot i e Three Mile Tennis Club. Admission : Gents 2s, ladies Is.

Tendeds are invited in this issue for repairs and painting of the Hokitika High School Hoard s residence, Sewell St. Tenders close on Tuesday next, Dec. 17th.

What could he ore suitable for a Xmas present than a good fountain pen ? .1 have them from 3s 6d to 30s, every pen guaranteed and all parts kept in stock. Toohey’s Arcade. — Advt.

At the recent examination conducted by Mr S. J. lnvin the following Woodstock pupils were successful. Proficiency, Avis Muir, Alan Muir, Albert Rogers, Herbert Stoop. Competency, William Campbell, Leslie Wells, Eddie Wells, William Stoop.

Mr F. Restieaux, many years associated as conductor with the late Mr Toni Pollard, is taking up residence, in Hokitika and ir sufficient inducement offers will commence teaching pianoforte and musical subjects. Correspondence can be addressed o/o Bristol Piano Coy.

An accident in which a boy named Jack Mclnroe ;* son of Mrs Mclnroe, of 14, Murray Steet, Greymouth, sustained concussion and severe abrasions, occurred last evening. He and another boy were riding horses, and turned at a smart pace out of Murray Street into Alexander Street, when Mclnroe’s steed jumped, throwing the rider heavily to the ground. He was found to he unconscious, hut later was recovering from the effect of the accident.

Toys at Toohey’s include: Motor cars, fire engines, motor 'cycles, all with electric light; aeroplanes that fly, tool sets, meccano sets and toys of every description. Fifty per cent, of our toys are made in England. Call at Toohey’s Arcade.—Advt.

The, Minister of Justice has decide' to remit the fines upofi twenty-five Blackball residents, three of them women, imposed as the result of their conviction on November 11 on the charge of having wrongfully ■ and without legal authority beset the house og James Levings, with a view to compelling him to abstain from doing an act which lie had a legal right to do, namely, to proceed to his employment as engine driver at the Blackball mine. The fines were £1 each with 10s costs. ’The case arose out of a demonstration at Blackball, against the employment of non-union labour.

We are now making a display of the better class of toy nnd invite your inspection Motor from 6d to £6 10s, boys’ tricycles 25s to £4, horses on stands £2 to £5, school tennis rackets and cricket sets in all prices at rarrall’s Novelty Depot.—Ad.vt.

Hand bags for the ladies. Our complete shipments have now arrived; our range of styles, designs arid colourings is large. Our values are unbeatable. Our prices range from 5s to 50s. See the special window display at Yarrall’s, Revell St. —Advt.,

No need to worry over your Xmas Gifts. Just come along to the Eec nomical Crockery Shoo and the gift problem is easily solved. Fancy cups and saucers from Is each. Beautiful range.of vases from Is. Special Xmas range of tumblers in all sizes, 6d each. Full supply of white coupes now in sfoek. —P. Stephens, Proprietress.— Advt. The problem of Christmas gifts is easily solved if you shop at Boss’s Cycle, Sports and M.usic Depot. Make your gifts utility gifts. Ask to see our large selection of joy-cycles and cycles. — B. Good tennis halls are as essential as a good racket if you wish to play at your best. That is why good players demand Davis (1930) balls, 3s 6d a pair at Ross’s Sports Depot.—7. / Shopping these days is a pleasure and it is surrpising when buying gifts for the family how far your money goes when shopping at Paterson’s. A special selection of the newest, popular, practical and useful gifts that will be appreciated at the keenest of prices. —Advt. The biggest and best show of toys in town now on show at the Economical Crockery Shop. Dolls of all descriptions, prices from Gd to 40s. Dolls prams and tricycles galore. Call and inspect.—P. Stephens, Proprietress.— Advt. Sharland’s Vinegar makes delightful salads it is so pure, piquant, and strong. Use it always! All grocers sell “ Sharland’s in bottle or bulk. —Advt. Sharland’s Vinegar is pure, strong and piquant. Incomparable for salads, sauces and pickles. Stipulate “Sharland’s.” All grocers, in bulk or bottles.—Advt.