CONDITIONS IN CHRISTCHURCH

Nelson Evening Mail, Volume LXI, 28 October 1926, Page 4

CONDITIONS IN CHRISTCHURCH

IMPROVEMENT IN TRADE HOPEEEL VIEW OE FUTURE <By Telegraph.—-Special to “The Mail.") CHRIST! Trent 'lT. This Day. That trade in general anil the prosperity of the community are beginning to improve after the recent lull and that there is no need for pessimism with regard to tin* coming season as compared with lasi year, which was very lean, is the consensus ol" opinion among a number of Chrisßchui'ch .'business men who were interviewed yesterday.

"As far as the money market goes," said a prominent hanker. "I should say lliaF there had never been any real scarcity. With the prospects in Canterbury now of an excellent season the whole .tone of the business community is becoming much brighter. Probably a good index to .State affairs is the city property market which, after unprecedented dullness during the hist few months, has brightened up. Altogether. I think we may take a hopeful view of things here in Canterbury where there is given promise of a good season. Wool is quilt- good and lamb (if the London prices keep up) should he profitable for farmers. With regard to the importation of goods I think the hulk of the business people have suHieient slm-kS to i arty them along without orders just vet.’’

En m the point of view of the ninnag mg director of ,-i well-known linn of estate agents it seemed theta* was plenty of money about. "There seems to he plenty of money about for first mortgages and the demand for good sections in decent localities is satisfactory." he said. "There an- more inquiries for houses up to £2OOO than for houses over that amount. This. I consider, is due in large part to the fact that there are not many farmers retiring just now. There'is nothing to he pessimistic about. Christchurch is a solid town, hub I think (. hristelmreh people ought to have more faith in their city. ; Property here is still as cheap as, if not cheaper than it is in anv other- large town in the dominion."