TREND OF TRADE.

Auckland Star, Volume LXIII, Issue 238, 7 October 1932, Page 4

TREND OF TRADE.

TOLD BY BANK RETURNS. AUGUST A DULL MONTH. The latest "Abstract of Statistics" furnished particulars of bank debits, or the total amount debited to all accounts (excluding Government) by the banks during each week. The average weekly debits during each month are as follow: —

These figures give a fair idea of the volume of business done generally. They indicate the quieter state of trade during the winter and early spring, when exports are low and internal trade is' quieter, and the greater activity in the summer time and the flush of the export season. An important factor in the returns is the influence of lower prices in restricting the amount necessary for financing a given quantity of stocks. The figures for June and July seemed to indicate that the downward trend in turnover had been cheeked, but the return for August showed a marked reduction. The figures were the lowest recorded during the present depression. September, however, opened with a tendency to improvement.

1920-30. 1930-31. 1931-32. Sept. . 15,401,000 15,009,409 . 9,711,G86 Oct. .. .15,408,704 14,424,239 10,341,940 Nov. .. 16,169,156 13,116,703 10,170,445 Dec. .. 18,153,181 14,074,112 11,705,068 Jan. .. 15,351,529 10,701,49S 10,237,433 Feb. .. 18,103,036 12,319,054 12,224,815 Mar. . 20,154,325 13,941,065 11,459,051 April . 15,488,263 12,446,234 11,045,994 May .. 16,740,723 12,356,913 10,854,853 June . 14,749,756 10,946,975 10,175,207 July .. 14,370,29.0 10,879,546 10,099,095 Auk. .. 13,435,185 10,406,349 8,793,438 Sept. . 15,009,469 9,711,686 *9,201,997 *I?or two weeks only.