TREND OF TRADE

Auckland Star, Volume LXIV, Issue 237, 7 October 1933, Page 4

TREND OF TRADE

TOLD BY BANK RETURNS

TURNOVER MA INTAINKD,

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. Thus, in August, 1930, the average weekly debits were over £14,000,000, as compared with £9,556,000 for last August. The difference is largely accounted for by the fall in prices, though trade volume has also decreased considerably. Conversely, the latent returns will have been raised as a consequence of the operations of the higher exchange rate and the sales tax.

Taking all factors into consideration the latest figures suggest that trade generally is fairly stable, according to the standards that have ruled over the past twelve months.

1930-31. 1931-32. 1932-33. £ £ £ Sent . 13,552,037 0,711.08(1 8,780,250 Oct. .. 13,281,010 10.341.9tfl 9.003,718 Nov .. 13,110.703 10,170,44.". 10.308.042 Doc .. 14,074.112 ll,70r.,008 10,901,208 .Tail. .. 10.701,408 10,237,43:5 9, ,".95,728 Feb. .. 12,310,054 12,224.815 12,002,073 Mar. .. 13,041,00.-) 11,459.051 1,2.410.702 April . 52,440.234 11,045.904 10,820,190 MilV . 12,350,913 10.854,853 10,345,000 Juno 10.947.000 10.175.000 10.200.000 Tilly' . 10,S80,000 10,000,000 10,041,000 A m- .. 10,400.000 8,703,000 0,550,000 Sept. . 0,712,000 8,780,000 •10,422,000 * For two weeks only.