The Guardian And Evening Star, with which is incorporated the West Coast Times. THURSDAY, JUNE 15, 1033. A RISING BAROMETER.

Hokitika Guardian, 15 June 1933, Page 4

The Guardian And Evening Star, with which is incorporated the West Coast Times. THURSDAY, JUNE 15, 1033. A RISING BAROMETER.

It is interesting, as it is pleasing, also, to note the general concensus of opinion that there is an improving outlook'. Travellers from Australia, speak -of the turn of the tide. Within New Zealand, Ministers and others strike an optimistic note about the immediate future. The most tangibly evidence, however, is the rising prices of commodities on the open markets. Wool qnd hides have . shown a distinct advance both here qnd in the Commonwealth. The home market for dairy produce is appreciating slowly. A notable turn in the course of events at the Economic Conference, and no doubt prices would lift' more rapidly. The talk of Britain returning to the gold standard, has its bearing on the general situation, and it would mean that there was a real understanding as between the United States, France and Britain on this very important aspect of the economic ills so nraHi of the world is suffering from. The rising barometer in trading is just the development most likely to help the general situation. Here in New Zealand in mid-winter, the Dominion should be well placed to benefit from a general improvement following the deliberations now proceeding in London. There is reason to believe the coming produce season for this country will be a brighter one, and it should lie a busier one. If the monetary troubles cf the world can he adjusted there wi'-l be no occasion to control production. There are mere and more people in the world, and the markets should grow once countries are put in the way again for general trading. The better position in Australia will reflect here also. Development is going ahead over there, and the governments are adopting tho. slogan of wiser spending. The Federal nrcl State

authorities are raising loans to help the general situation, and the prosnerity resulting will reflect in some measure hero .°l o. Traffic will grow with more Australians on the move. New Zealand has suffered more than is realised generally, by the. check to intercolonial traffic. Being in an isolated position, the sen-bor - e traffic requires to be maintained to help general business. New Zealanders have done their share in travelling, and more Dominion residents than usual have come t&s way. But the stream

of tourist traffic from overseas has been missed, and if a revival of trade now hakes place that class of traffic should come in greater volume next season. The position appears to be well set for a general revival. Trade and business arc quiet at present. The season has its effect in that respect. But the season of the year will soon be opening to mere general conditions, and tins 'district sluuid be able to reap some, of the advantages from tiie inflow ing. trade. There is gooff reason therefore, to be hopeful and to regard the future with feelings of confidence. The building trade- wifT be helped by tlie Unemployment Board s scheme, which means an industrial fillip to this district. Mining returns are being well maintained .and the production from the stock and dairy branches has grown, so that altogether there is full reason to be hopeful about the days immediately ahead.