The Hawera Star. THURSDAY, SEPTEMBER 12, 1935. WORLD’S BUSINESS TREND

Hawera Star, Volume LIV, 12 September 1935, Page 4

The Hawera Star.

THURSDAY, SEPTEMBER 12, 1935. WORLD’S BUSINESS TREND

Delivered every evtaing Dy o o clock u, Hawera, Manaia. Kaupokoaui, oiaUelm Oeo, Pihama, Opunake. Eltham, Ngaeie Mangatoki, Kaponga. Awatuna. le Eiri. Mahoe, Lowgarth, Manutahi, Kakara men, Alton. Hurleyville. Patea. VVheuua kura, Waverley, Mokoia. Wbakamara Ohangai. Meremere. Fraser Eoad and Ararata.

An almost general improvement in business conditions throughout the world during the last few months is shown in current surveys. Each country has contended with special problems. There have been spurs to industrial production and international trade within one country that have placed it higher in the scale than other nations not benefited by special circumstances. Activities which some authorities class under the heading of national defence preparation have 1 boosted production and speeded activities in some nations. Other nations: —such as the gold bloc group—have been hampered to some extent bv- currency difficulties. Three countries outstanding in the gold bloc—France, Holland and Switzerland —were reported by the National Industrial Conference Board of the U.S.A. to have suffered decreased production in June while world production as a whole advanced during that month. For the previous month, the board reported international trade higher in terms of gold than any previous month in -1935 but 4.2 per cent, lower than the average for the final quarter of 1934. As an indication of expanding activity in heavy -industry, the United States Department of Commerce reported exports of scrap iron and steel for the first six months of this year were higher than the first half of 1934 and larger than any other entire year since the World War. Italy and Japan were the best customers. England is taking renewed interest in tourist trade with findings there that tourists in 1934 accounted for an income nearly as large as the export balance in the woollen industry and the coal trade. The present year, with jubilee visitors, is. expected to establish even more gratifying results. The French, however, in recent days have had increasing difficulties in carrying out the economy measures instituted as a means for saving the franc from devaluation and reviving internal economy. One striking indication of the upward trend is given in the fact that one of America’s largest motor ear manufacturers are about to spend 50,000,000 dollars on plant expansion and reconstruction work in view of the “more assured outlook for profitable development,” according to an announcement by the president of the corporation. He said he saw both domestic and foreign business improving, “with a gain apparently well sustained. In practically all countries throughout the world the underlying domestic forces, striving for recovery, ai’c, at the moment, in the ascendancy over the adverse influences incidental to political action. According to the current trend, there is an indicated consumption ,of motor cars and trucks, for the year 1935 throughout the world, exclusive of the United States, equal to that of any previous year in the history of the industry.”