The Southland Times. PUBLISHED EVERY MORNING. Luceo Non Uro. SATURDAY, JULY 22, 1933. AMERICAN SET-BACK

Southland Times, Issue 22074, 22 July 1933, Page 4

The Southland Times. PUBLISHED EVERY MORNING. Luceo Non Uro. SATURDAY, JULY 22, 1933. AMERICAN SET-BACK

Mr Roosevelt must feel anxious about the turn taken by the Stock Exchange in the United States. His inflationary scheme, launched for the purpose of reviving industry, so far seems to have gone very quickly along the track taken by Mr Hoover’s inflation effort in 1928-29. The consequences of Mr Hoover’s attempt to keep industry up to full production were not exhausted until the early part of this year when the financial structure of the country crashed, and the new President set about treating the malady with a larger dose of the medicine that caused it. A surprising feature of his treatment, however, is the quickness with which the market dropped. Some inflationists may attempt to explain this by citing the greed of financiers an,d the callousness of the speculative interests; but one of the effects of all inflation is the 1

spread of the idea that as prices will rise there will be a return of profits, and the haste of industrialists to take advantage of the better conditions induces a rapid expansion of production which can be justified only if the purchasing power of the local market is enlarged as quickly. But in the United States, the foundational ill is not the collapse of the domestic market. The Americans have created a great manufacturing machine to supply foreign markets, and the loss of that market has deprived the machine of a great part of its return. Obviously, if it is put back into full production it must sell in overseas countries, and if it cannot do this it will pile up unsold goods. By releasing money, Mr Roosevelt has not revived this overseas demand. In fact, the depression of the dollar made it more difficult to effect any revival, and the industrialists, with the failure of the World Economic Conference before them, are faced with another falling off in demand. At the same time, the money thrown on to the market gave speculators a chance, and their operations have been checked by the loss of confidence in the industrial sphere. And so anothei- collapse has occurred. Of course, Mr Roosevelt may be able to intervene and counter this downward movement, the set-back may be temporary; but at the moment it looks as if the great inflation scheme is doomed to failure. No doubt the failure of the London Conference has exerted a powerful influence on the American market, because American industry looked to the conference to bring about a revival of world trade as keenly as the industries of other countries. With that hope dashed, a reaction in values was inevitable, and unless the market recovers quickly the United States Government will forfeit the confidence of the people. Recently there were indications that Professor Moley’s star was waning and that another adviser enjoyed Mr Roosevelt’s confidence That change may have been occasioned by the early signs of the collapse now apparent to the public. It is too soon to form any estimate of the extent of this slump; but it cannot do other than make those who are advised to undertake inflationary measures, however attractively clothed, as a means of curing economic ills, pause to reconsider their arguments. Perhaps, this sudden reaction will assist to change American opinion, and encourage the idea that the United States can recover only when the world has recovered, that no nation can continue to profit out of the distress of its fellows. Mr Roosevelt, so far, has little to show as evidence of his capacity to use the powers accorded him by Congress. He must correct this trend downwards, or he will face a situation which will imperil the administration.

The Dominion meteorologist last night issued the following information: A shallow cyclonic depression crossed the northern portion of the North Island last night and a secondary was centred this afternoon north-west of Cape Maria Van Diemen. An anticyclone covers southeastern Australia. Winds variable, south-east to south prevailing. Light to moderate and freshening somewhat. Seas in New Zealand waters rather rough on the east coast with considerable swell, otherwise smooth to moderate. In the Eastern Tasman light to fresh southeast to southerly winds. Moderate to rather rough seas. Weather cloudy to overcast. Mist or fog in many places. Some rain probable in most districts, especially between Banks Peninsula, East Cape and the far north. Later a gradual improvement. Temperatures cold.

Advertisements relating to Dances. Jubilee Celebrations, Tenders, For Sale, Rate Notices, etc., appear on Page 2.

Sydney Ayling, aged 38, of Sydney street, Invercargill, was admitted to the Southland Hospital yesterday afternoon suffering from finger injuries. An operation was performed and last evening the patient was reported to be progressing satisfactorily. Robert Nairn, aged 36, who comes from Nelson, was also admitted yesterday afternoon, suffering from a lacerated wound in the head.

In conversation with a Southland Times reporter last evening, Mr R. J. Henderson, secretary of the Relief Workers’ Organization) stated that Mr P. Marchant (vice-president) and he had interviewed his Worship the Mayor, Mi' John Miller, regarding the prices charged for the firewood supplied to relief workers. It was pointed out that the price, 8/- per cord, or 4/per half cord, was beyond the means of the great majority of the men, with the result that many were still without firing. His Worship stated that he realized the position of the relief workers, and it was decided that the price be reduced from 8/- a cord to 5/- a cord.

In the Police Court yesterday, before Mr E. C. Levvey, S.M., William Gibson Grant, aged 21, and Herbert Edgar Jackson, aged 33, were each charged with fighting in a public place. Grant pleaded not guilty and Jackson guilty. Senior-Sergeant Packer, who prosecuted, explained that the trouble arose over some penny art union tickets which Grant was selling on behalf of the St. John Ambulance in Wellington. Jackson came along and was handed certain tickets, but had no money to pay for them. A melee then took place, though Grant should really have called the police. Jackson was a man who took very bad fits and when so affected he was not really responsible for his actions. Grant explained that when Jackson grabbed the tickets he merely seized them back again. Warning Grant that he must call the nolice in future should a similar position arise, his Worship dismissed the information against him. “You had better make it clear to Jackson’s parents, senior-sergeant, that if this happens again there will be trouble,” said his Worship in also dismissing the information*

A “Come to Blenheim Week” is being arranged in conjunction with the New Zealand boxing championships beginning in September, states a Press Association message. The preliminary finance has been raised and committees are considering the amusement programme.

Since the Government has withdrawn the subsidy to the kindergartens, committees have found it difficult to make ends meet. In order to assist the funds of the South Kindergarten a carnival has been arranged for July 27 and 28 in Victoria Hall. Under the guidance of Mr Alex Sutherland a very attractive programme of entertainment has been drawn up, while well-laden stalls and refreshment booths will fill the hall. There will be no charge for admission.

Lengthy evidence was heard before Mr E. C. Levvey, S.M., in the Magistrate’s Court yesterday in a civil claim brought by John James Moore, of In - vercargill, builder (as executor of the will of Donald MacKenzie, of Dipton, fanner, deceased) and Selina Jane MacKenzie, of Dipton, widow, who were represented by Mr S. M. Macalister, against _ Margaret Ellen Lindsay Smith, of Dipton, farmer (Mr John Tait). Plaintiffs, in their statement of claim, said that on or about the month of October, 1931, they suffered loss by reason of the spreading of a fire negligently started and controlled by the defendant, or her servants, on her land. The plaintiffs accordingly claimed £122 1/10 as follows: Cost of repairing 49 1-3 chains of boundary fence, £47 1/10; and 300 acres of feed burnt at 5/- an acre, £75. In the alternative, the plaintiffs claimed £23 10/11, being half the cost of repairing the boundary fence. The defence was of a twofold nature: (1) That the person who set fire to the gorse bush which was the origin of the spreading of the flames was not the servant or agent of the defendant; and (2) even assuming the defendant should be held liable she did all that, as a neighbour, she was required to do by law in the matter of replacin" the fence, while she offered a portion of her own holding as pasture for the sheep. After several witnesses on both sides had given evidence, his Worship made known his findings on fact and stated that he would hear legal argument at a later date.

Mr J. V. Hanna, Dunedin, advertises in another column his Physical Culture Correspondence Course, which provides a simplified and graded system of exercises for bodily weaknesses or organic troubles as well as developing a healthy, fit body, and can be easily understood and performed in the privacy of your own home. (Advt.)

There is a "nip” in the air. Counteract it with a nip of Scotland’s best, DEWAR’S WHISKY. (Advt.)

Traced Needlework.—We stock the famous Easystitch make; all New Zealand goods at Wicks’ Ltd., Drapers, Dee street. (Advt.)

Ginger Candy, a real food, our latest production, only 1/- per lb., and other delicious sweets at AYSON’S Two Shops, 5 and 72 Dee Street.—Advt.

Heavy Grey Tweed, 48 inch, was 4/11, Sale Price lid yard. Dark Grey Tweed was 5/6, Sale 1/9. A bargain at Miss Noble’s “The Baby” Shop, Dee street. (Advt.)

1500 Rheumatoid Arthritis sufferers cannot be wrong; creaky, swollen inflamed, stiff and painful joints restored to normal. Write for Free Book which describes how you, too, may be relieved of your aches and pains. Tavener, Arthritis Specialist, 183 High St. Ch. Ch. 5 weeks treatment 17/6 posted.—Advt. I Boys’ fleecy lined singlets all sizes, selling for 1/6. Children’s wool singlets, sizes 1,2 and 3, usual prices 5/6, now half price 2/9. Under mill prices. Carter’s Stocktaking Sale. See advertisement front page.—Advt. BOOKS FOR CHILDREN AT GREATLY REDUCED PRICES. Bible Symbols or the Bible in Picture 15/-, now 2/6; Chums Annual (latest) 16/6, now 9/-; The Big Book For Girls 4/6, now 3/6; N.Z. Boys’ Annual 7/-, now 3/6; Empire Annual for Girls 8/6, now 4/6; Mother Goose Nursery Rhymes 15/6, now 5/-, Dorothy Dale’s Books for Girls 4/-, now 2/6. Lunch Cases for Children 1/6 and 2/-, now 6d. N.Z. BOOK DEPOT, Esk street, Invercargill.—Advt. Seldom has such a busy period been experienced as was the case during the opening days of Tiiomson & Beattie’s Sale. Again yesterday, from 9 a.m. to 9 p.m., (he store was crowded with customers, stager to participate. This wonderful response proves that the bargains offered are of the type in demand, and for the next few weeks bargains of the same and better standards will be here to fill depleted wardrobes. (Advt.) DID YOU GET YOUR FREE CHOCOLATE? If you’ve had your free chocolate with Tiger Tea, you’ve perhaps tried this wonder value fine tea for the first time. If you liked its delicious, fragrant taste and if you found it, as many have during the last 40 years, the most economical, won’t you please tell your friends about it?

You can get it from your grocer in fib and lib packets and in handy 21b Canisters. Still only 2/6 per pound. —Advt,

CONSTIPATION is the direct cause of many ailments. Headaches, biliousness, indigestion and dizziness can all be traced to constipation. NYAL FIGSEN corrects constipation. Naturally and gently it cleans out the impurities from the system and allows the various intestinal organs to perform their natural functions. FIGSEN is Equally good for young and old and is nice to take. Get Figsen at STEWARTS PHARMACY at 1/6 per tin.—Advt.

Rheumatism of the Joints (Rheumatoid Arthritis) is curable. If your joints have a tendancy to become creaky or stiff, don’t neglect Nature’s warning. 1500 sufferers claim that Tavener’s Arthritis Prescription has given them free use of joints again. Write Tavener, Arthritis Specialist, 183 High St. Ch. Ch. —Advt.

When your doctor writes a prescription he bases his calculations on the B.P.—that is, the British Pharmacopeia—and desires results obtained by the use of medicinal preparations of B.P. standard. Bring your prescriptions to BROWN’S PHARMACY. We use only preparations complying with the requirements of the B.P. For accuracy and care in dispensing make GEO. H. BROWN your chemist. If unable to call, we will send for your prescription, dispense, and deliver your medicine promptly. Telephone 328. GEO. H. BROWN, Chemist-Optician, 125 Dee street.—Advt. FRESHNESS AND PURITY. One of the many advantages of Baxter’s Lung Pr .server is that wherever you buy it you do not purchase from old stock. “Baxter’s” is the fastest selling cough remedy by a long, long way. This brisk turnover of “Baxter’s” means that you are absolutely assured of freshness and purity. And “Baxter’s” sells best, of course, because it is the best. All chemists and stores are busy selling the 1/6, 2/6 and 4/6 sizes.—Adviu i