DISAPPEARANCE OF MONEY

Press, Volume LXIX, Issue 20988, 17 October 1933, Page 5

DISAPPEARANCE OF MONEY

What becomes of the money that is not spent during a wet spell? There has never been any acceptable answer to this question. It is asked again today (states the Sydney correspondent of the Melbourne "Argus" of October 4i owing to the uninviting weather of yesterday and the week before, which kept at home many persons who otherwise would have spent money more or less liberally. Will the money thus saved go inio the savings bank? The answer of past years is "No." Will it be spent at the shops'.' Again the answer is "No." "I have given this question attention over many years," said one associated with trade. "There have been occasions when prolonged wet weather kept people from shopping. Later examination of trade accounts did not show any improvement." What became of the money that was not spent during the wet spell? It seemed to disappear. It could .iot be traced. The returns of the savings bank did not increase, and the takings of shops did not improve. Receipts at the racecourse did not become greater. -There was once a succession of many wet weeks and a consequent diminution of expenditure, but no one can say that the money thus held back- was banked or freely spent afterward. The revenue of train and tram services yesterday was much less than it would have been on a day of blue sky and golden sunshine, but it is not expected that the next, fine holiday will make up the deficiency.