The Pahiatua Herald. PUBLISHED EVERY EVENING. MONDAY, MARCH 10, 1930. MARKET FLUCTUATIONS.

Pahiatua Herald, Volume XXXVIII, Issue 11391, 10 March 1930, Page 4

The Pahiatua Herald. PUBLISHED EVERY EVENING. MONDAY, MARCH 10, 1930. MARKET FLUCTUAT IONS.

in 1921 wool dropped very low, only 158,714,8281bs were exported. and the receipts were only £5,221,479. In the following year much that had been held over was sold and the exports were more than doubled, the receipts being £11,882.463. Slice then more wool has been produced, and in 1928 the receipts reached £16,679,093. This year there is another drop in values, but there can be no doubt that it will be met by improvement of pastures so a.s to produce more wool. The farmers throughout the country have met falling prices by increased production and tile total receipts have often been better than when prices were higher, yet there are many unemployed, and the general position i s nothing like as good as it might he. The rise in the interest, rate, like tho changes in the values of our products, is due to causes outside tho Dominion which we cannot control. Our difficulties, such as they are, appear to result from the tendency of people in many instances, to spend up to the limit and sometimes past it. They have then no reserve to meet the troubles due to market fluctuations, which during and since the war have been unusually great. In the ten years preceding the war, during the War, and just after its close, (there was a steady rise in the price of our primary products, and v.-e are unwilling to realise that deflation is still going on.