The Akaroa Mail TUESDAY, JULY 21, 1931. BETTER WORLD MARKETS.

Akaroa Mail and Banks Peninsula Advertiser, Volume LIV, Issue 6721, 21 July 1931, Page 2

The Akaroa Mail TUESDAY, JULY 21, 1931. BETTER WORLD MARKETS.

A short message from London, dated Fiiday slates that at the London; wool sales of that (lay the market was strong and prices firm. Too much, attention cannot be given to this ; short announcement as hopes have; been dashed to the ground frequently; of late by sudden market improvements which were not sustained.: However, every improvement of the maiket for primary produce is a jay, of hope in the general darkness. U is a. sign that confidence is reluming Noone wants the markets to soar up to boom levels with great rapidity; i because after a period of great prosperity the bitter disappointment of fallen prices must come. "What the whole world wants is stable markets and prices that give the farmer a fair return for bis enterprise. Fort unately food "is plentiful throughout most .countries and the people can be fed if the problem of finding employ ment for ail cannot be solved. Fear of the future and dread of communism are not among' the least factors of the world's "rotten state." Nervousness that property will not be • portected has driven many who would invest money in land or agriculture "fto look for gilt-edged securitiesy»with ! the result that money is not earning ! enough to provide wages for all. The ! fact that the price of wool and of ; stock is creeping up gradually, but 'surely, is an indication that people ; throughout the world are recovering from the worst effects of the .slump. ! Stability of government, recognition 'of the rights of property, freedom ' from undue taxation are all factors 1 Holes , " i •:''-'■' ■h. ; ' i j world upon an era ot prunp'.-rily, a:;d ! there arc signs that the general pub- : lie is anxious to have all these things. ilt is true that the N.Z. Unemploy- ! ment schemes are better Uuui the \ British dole system; but men should ■ have the right to arrange their own work. If work is to be found, by :i '! paternal government al , the time I those employed will lose all their initiative and thai right of all British 1.. 7 •:•'.! *cs to vo o.i' : . ■'' fu'.uni -if their own will bo gone. Uri'.ish ■j .: e: 11 ■ i:e -will s< •: b<: snppod if ii'ieinplovment schemes are to he eonlm ued indelinflely. Work should be ! available for all who seek it and when I the economic condition of the world improves all the unemployed will be absorbed once more into a good work ing machine, where the labourer is found worthy of his hire. The hard limes have been of value to all in teaching us the need to put forward increased effort and when the tide of prosperity comes in full flood again Ihe good times will be valued all the more for the self denial and hard J ship of recent years. Thorn are signs ! that prosperity is dose at hand and i one of the surest is an increasing ! good fellowship amongst all classes :I of people , . Restored confidence is j making itself IVIt .'Mid with it will ] come a slow but steady rise in all i m.irkels. j