A BUSINESS SLUMP
AMERICA'S FINANCIAL CRASH
(Special to "The Evening Post.") DUNEDIN, This Day. ' A sidelight upon the effect of the Stock Exchange crash in the United States during the latter part of last year is afforded in the following extract from a letter received yesterday by a Dunedin citizen from. New York: '•'Of course you are aware of the near panic through which we have passed. President Hoover and other Government officials,, and the so-called 'captains of industry,' are broadcasting salvos of optimism—but the truth is that business has slumped terrifically, and that prospects for the next year or so are not at all encouraging. "Even before the crash business was not nearly so good as it was a few years ago. Tho holiday trade which is just now at its height is anything but satisfactory, and buying is almost entirely confined to the cheaper classes of merchandise."
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/EP19300116.2.95
Bibliographic details
Evening Post, Volume CIX, Issue 13, 16 January 1930, Page 14
Word Count
149A BUSINESS SLUMP Evening Post, Volume CIX, Issue 13, 16 January 1930, Page 14
Using This Item
Stuff Ltd is the copyright owner for the Evening Post. 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.