A BETTER OUTLOOK.

Manawatu Herald, Volume XXXI, Issue 454, 29 April 1909, Page 2

A BETTER OUTLOOK.

A changk for the better is the hopeful note struck by the most recent edition ot the New Zealand Trade Review, and this optimistic impression is shared by the managers of the leading wholesale houses of New Zealand, Several of these were interviewed .by an Auckland Star representative, and interesting statements were made by them in regard to the outlook for the immediate future from a business point of view. “ Trade generally is in a much-improved condition throughout New Zealand,” said the manager of one leading wholesale .firm doing business all over New Zealand. The money stringency is not so acute now (the same gentleman opines)* and beyond the fact that a slight weeding out of the financially unfit has taken place, the period of tightness in the money market has been successfully negotiated. The

outlook is a healthy one. Asked as to the effect which the recent stringent period had had from a colonial point of view, another gentleman interviewed said that his business throughout New Zealand had unquestionably felt the change. They could not help feeling, however, that when there was a tightening, as was the case last year, there was a great deal of unnecessary panic. People began to talk “slump,” and then to prepare for it. They drew in their horns and made a rod for their own backs.