PRICES IN PAST

Hokitika Guardian, 4 January 1933, Page 7

PRICES IN PAST

FORM.E'n DKIMMI-SjoNS RECALLED.

OOMPAR.IS, tX WITH IT’ MS MAT. WELLINGTON. December 31. Recalling a slump of .’Li years ago, a Wairarapa. farmer of long o.\| orient e jnr.de i .it ci eating observa L.ons last wivk. i’i comparing nr cos of H.ia-o days with ihc values niiing dnri; g ihe present period of depression. He staled that in the oariy days slumps wore expected every three years, hut litter the length of the umijlete cycle was extended to seven years, aid si it! more roomily, economic loxiorv had taken even longer to repeat it.sell. However, past slumps had been el comparatively shori duration and had not had such a. world-wide scope, so that under the altered conditio; s it. was impossible m forecast the length of the present depression. Tin re did. however, appear to he sign:- of improvement. Thirtv years ago. tins informant stated, the price of wool was down to 35(1. The Lest price for fat lamb and ewes was 8-. and for fat wethers IDs. Some farmers who secured an advance of 5d per Hi. on. wool that realised 31 had to meet the adverse balance with all the next season’s clip. After about two years conditions began' to change rapidly, and wool prices were soon up to Is and improved even further, while valuers for stock increased nil round.