FEELING DEPRESSION NOW.
j San Francisco is only beginning now to i feel seriously the present depression, | according to Commander B. L. Hewitt, i of Messrs. L. D. Nathan and Company, who returned to Auckland by the I Aorangi yesterday, after a business visit to the United States and Canada. "The canned fruit interests are being badly hit," said Commander Hewitt. "They have over-produced, and they ! have lost both the British and the Cana- ' dian markets, mainly as a result of ' tariff exchange rates and dumping duty. The only market now is the home market, where the goods ure beintg sold at cost, and in some cases below it. America's great trouble is embarrassment of riches, but Americans are now finding that gold is no use if it is allowed to remain idle."
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Auckland Star, Volume LXII, Issue 306, 28 December 1931, Page 3
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133FEELING DEPRESSION NOW. Auckland Star, Volume LXII, Issue 306, 28 December 1931, Page 3
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