TREND OF TRADE.

Auckland Star, Volume LXIII, Issue 264, 7 November 1932, Page 4

TREND OF TRADE.

TOLD BY BANK RETURNS. OCTOBER STARTS BRISKLY. 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:— 1929-30. 1030-31. 1031-32. £ £ £ Oct. .. 15,408,704 14,424,230 10,341,049 Nov. .. 16,160,156 13,116,703 10,170,445 Dec. . . 18,153,181 14,074,112 11,705,668 Jan. .. 15,351,529 10,701,498 10,237,433 Feb. .. 18,103,036 12,319,954 12,224,815 Mar. .. 20,154,325 13,041,065 11,459,051 .ipril . 15,488.268 12,440,234 11,045,094 May .. 16,740,723 12,356,913 10,854,853 June . 14,749,750 10,940,975 10,175,207 July .. 14.376,290 10,879,546 10,099,095 Aug. .. 13,435,185 10,400,349 8,793,438 Sept. . 15,009,469 9,711,686 ' 8,780,256 Oct. ... 15.009,409 9,711,686 *9,896,338 •For three weeks qply. 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 fpr June and July seemed to indicate that the downward trend in turnover had been checked, but the return for August showed a marked reduction. September also was a quiet month. October, however, started quite briskly, and the average debits for the first week reached the highest figure recorded for some time, namely, £12,550,363. Returns are only available for the first three weeks of October, and these show an increase over last year's figures. •T