OUTLOOK FOR DRAPERS

Hawke's Bay Tribune, Volume XXI, Issue 279, 9 November 1931, Page 3

OUTLOOK FOR DRAPERS

“AN EARLY IMPROVEMENT.’’ “The stage seems to be set for better things in 1932,” said Mr. L. O’Malley, president of the Auckland Drapers, Clothiers and Boot Retailers’ Association, at the annual meeting of the association last week. “Following upon the abandonment of the gold standard at Home, an industrial and business revival has set in, and the unemployed arc being absorbed at a remarkable rate.” said Mr. O’Malley. “This is all to the good for New- Zealand, for it is the wageearners in Britain, not the leisured classes, who use our butter and frozen meat. The outlook for wool is improving, competition among buyers is keen, and at the closing October sale in Melbourne prices were from 71 per eent. to 19 per eent. higher than those paid at the opening sales. “The result of the recent British elections, no doubt, will help to dissipate further the clouds on the horizon, and we may confidently look forward to an early improvement in business and general conditions in New’ Zealand.