PRICES AND UNEMPLOYMENT

Hokitika Guardian, 11 September 1930, Page 3

PRICES AND UNEMPLOYMENT

. “The signal of the world depression is the swift collapse in commodity prices,” says the “Daily Herald.’ 1 “As world prices fall, so remorselessly .do the unemployment figures rise. See .how they run together:— Unemployment Wholesale

‘.‘The decline in the wholesale prices has written a tale of misery in Philadelphia and .Manchester, and Sydney and Berlin. For when price* fall suddenly, the manufacturer slows down his machines, and men and women are forced on to the streets.” i • THE WAY OF THE ROAD. '‘The way of the arterial road and tlie wav of the motor-car are not tliOjSe which .1 pursue. Each is Useful, hut, there is Little or no spiritual exaltation to he derived from a day in jii car. It is only on horseback or on foot that you can hope to recapture the elusive spirit of the reai countryside. As some philosopher has said: ‘Pan would never have appeared to Pheidippides on a main road.’ By all means avail yourself of the train or motor-bus to avoid the suburb js going out and coming hack, hut the only part of the day that matters iis tlie, part that you spend in the saddle or ; on fopt,’,’—S. P. B. Mats. '

Oct., 1929 .. per cent. 10.4 prices 136 Nov., 1929 .. . 11 134 Dec., 1929 .. 11.1 132 Jan., 1930 .. . 12.6 131 Feb., 1920 .. 13.1 127 March, 1000 . 14 124