AN EXCESS OF OPTIMISM
SROUBIiES THE UNITED STATES
EHE CRAZE FOR AUTOS.
(Received 9.45 a.m.)
LONDON, August 15.
The "Times," in a leader, says that the general consensus of business "opinion in the United States is that excess of optimism since the summer of 190S necessitates a curb on the exuberance of commercial and industrial aspirations.
The New York Associated Banks, with difficulty., brought their loans and. discounts below the d^osits.
Financiers are uneasy owing to the increase in railways and foreign indebtedness, and the surprising frivolity of farmers and citizens of the Western States who, intoxicated with high profits, have locked up their resources not only in bricks and mortar, but have also got the craze for automobiles.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/AS19100816.2.27.1
Bibliographic details
Auckland Star, Volume XLI, Issue 193, 16 August 1910, Page 5
Word Count
119AN EXCESS OF OPTIMISM Auckland Star, Volume XLI, Issue 193, 16 August 1910, Page 5
Using This Item
Stuff Ltd is the copyright owner for the Auckland Star. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Acknowledgements
This newspaper was digitised in partnership with Auckland Libraries.
Log in