RISING HOPES.

Press, Volume LXV, Issue 13558, 20 October 1909, Page 6

RISING HOPES.

fhe etatif#lfig-flie N ia the" price.; oi frozen meat"was alt- that, Was required to infirm the gMffittg feS/fflg of hope arid obrifideflce, w_ie_ ialterly haS taken the nlace>-«| pessimistic foreboding? l in commercial circles; T_efe Is n& maM that the odtfed'h sow ac bright aa one could very* Weil wish;-.„The lajtencj* 'm» U «3id to , BSv'e the banks are no , lohfef 6kli i_ a-vanc"es afid i haf & irilgl# frinds' s *-' *I 1 legitimate re- ' q_remerits, arid fiiore private money is * available for advance on mortgage. It is .probably too iriuch to hope* —lat the ■ sudden rise in the. meat market may riot he follitWed by flttctuations, hut it i — at leastsevident that stocks Jiave b*fri worked Off, leavinc tho field clear ' fn? the new season's output. The drought in Argentina, ai we said the Other day, will probably lessen the coiri- , petition from that quarter, hut, on ths Other band, the favourable season in . Australia, as in New Zealand, indicates the likelihood ot very heavy oipoit*tiens, hoth of mutton and lamb* frotri the in these circrirastencec, -whit ia really wanted to steady prices arid keep then* at « fe_ll_Sratt¥e

" —tTi'-T- ni-*f n'l'iT-u- --!■- - ;--M •■■--! '—, i' 1 1. level id * Mvixral in trftde in England, *o as to increase the consuming capacity of the-people. Tho recent improvement that has been not«d is a hopeful augury in this direction, although if the English (harvest is turning out as badly as recent cables seemed to indicate, we are afraid it may mean a slight check to the rising tide. In" other respects the outlook in New Zealand ig very promieing. The. improvement in the hemp miirkeb means a good deal to the North Ifilaud, arid wer hoar of a number cf mills which had closed down being about to re-open. A very largo proportion of the receipts lor hemp is paid away in wage 3, and therefbre a revival in this industry is especially beneficial to the working classes. In t&6 South Island the prospvscfe are extremely good for the coming harvest. _ An unusually large area of under crop, and excellent prices are- confidently anticipated. MA io all this the Buoyant condition of the wool market, and there is absolutely no room to doubt, not only that our fa!r_ons have a prosperous-year befdrc< them,, but that their prosperity will bo reflected throughout the commirtrity. Looking back on the anxious year which has passed, it ia striking proof of the soundness of the Dominion that this 6harp spasm of stringency, following -upon tho American crisis, passed over without any serious consequences, eveii although it caught us unprepared. All that remains now is for .js> to look confidently to tho future, making the bast use of tho revival in trade" conditions, and, above all, taking o'af# thai it does riot lead us into rash spocula_o_ Or Use I !—s extravagance.