“PLENTY OF MONEY.”

Taranaki Daily News, 23 June 1925, Page 6

“PLENTY OF MONEY.”

TRADE POSITION GOOD. ERA OF STABILITY REACHED. AUCKLAND MEIRCHANT’S VIEW. • Cheerful tidings came from the head of a big Auckland business houa. last week. •’Trqde is good,” he said. “We are experiencing an excellent winter. Prices have not come down much during the past eighteen months. Purchasing power seems remarkably good. Our takings last month were £2OOO more than those of the same month last year. A notable fact is that men are going in for the most expensive suits, neglecting cheaper suits which are yet of good value. The same applies in the women’s wear department. The best woollen underwear is selected; in fact, the best of everything. I will give you an instance, month we advertised two lines of ladies’ overcoats, one at 20s. and the other at 60s. The 20s line was an absolute bargain, splendid value, but the 65s line was sold out before we had disposed of half of the cheaper coats. That shows you that people will have the best and will pay for it. Another instance of the fact that there is plenty of money about is that purchasing is by no means confined to necessities. Our biggest increases are in the sales of such things as pianos, gramophones and high-class furniture. What i« the reason for it T I think that there are a lot of people in New Zealand, and particularly about Auckland, with plenty of money, and I think that the lifting of the niorator. ium has released a lot of it, though it may have brought hardship to a few. I think those hardships were generally surmounted and in any case it brought welcome finality and it seems most certainly to have brought aliout an era of stability. There is more mqwy being deposited in the banks than before in recent years. The farmers seem secure, for they are spending money much more freely. Tt is a good tiling to see that they are catering well for the comfort of their cattle. The sale of horse and cow rugs is exceeding all records, and large purchases of new harness are being made. When you see farmers buying new harness you think that we have finally got over the period of depression and have entered upon a period of stability and prosperity which will endure.”