QUICK CHANGES

Southland Times, Issue 25312, 15 June 1935, Page 8

QUICK CHANGES

UNSETTLING EFFECT. BUSINESS IN UNITED STATES. (Per United Press Association.) Auckland, June 14. Business conditions in the United States are extremely confused, according to Australian commercial men returning by the Mariposa. “No one seems to know what is going to happen next and there is widespread fear of further industrial trouble which already exists all over the country and has been accentuated by the recent decisions of the Supreme Court,” said one. These reversals of the N.R.A. had had a bad effect. The whole country seemed to be reeking with dissatisfaction. President Roosevelt had retained his personal prestige, but the opinion seemed to be general that he was just stumbling along. The quick changes in his policy had had an unsettling effect and the present conditions made it easy for agitators to foment industrial trouble. The State most affected at the present was California, where the former Sydney Labour leader, Tom Bridges, was prominent. Another traveller commented also on the difficulty of carrying on business when complete changes of policy were brought into operation and then scrapped after a short time. Some of these mistakes arouse a natural desire to restore prosperity by short-cuts which were soon found to be impossible. He thought, however, that conditions had begun to improve. Although plenty of pessimists were to be found, the traditional American optimism and confidence in their country underlay it.