MUCH BRIGHTER

Hokitika Guardian, 14 September 1932, Page 2

MUCH BRIGHTER

THE BUSINESS OUTLOOK. OPINIONS OF AUSTRALIAN. AUCKLAND, September 12. “Trade symptoms, are very encouraging in the,,United States,” said Mr Sydney My.er, of Melbourne, ownei and manag'ng-director of the largest department store in Australia, while passing through Auckland by the Mariposa, after a business visit to America and Europe. “All metals have gone up in price, cotton is showing a, very definite, rise, and wheat and wool values are also improving,” Mr Myer n L* “Moreover, , the higher values for primary products and metals are influencing the secondary industries dependent upon them as, for instance, piece goods, the prices for which are showing a distinct improvement in America. There is evidence on all sides in America, that returning confidence in inducing a freer expenditure which is the one thing that is definitely going to cum unemployment. Confidence is the keystone of the whole social, industrial, and financial fabric. The depression was brought about because ’through variety of circumstances people lost that confidence, became nervous aiid spent less or not at all, preferring to Wait for better times, There is now definitely a brighter; ou’tlook in the world. The fear of worse times coming is gone, let us hope never to return. The outlook is brighter, and at last people are no longer afraid of spending. “I am going back, to Australia ten times more confident and happy ’than when I went away six months ago,” said Mr Myer. “It is now up to us tq bring back i .prosperity quicker by continuing to buy and spend, for that alone is what will make the wheels go round and find employment for our people.”