TREND OF TRADE.

Auckland Star, Volume LXV, Issue 214, 10 September 1934, Page 4

TREND OF TRADE.

INCREASED BANKING TURNOVER. WOOL AND MEAT CHEQUES. Tho latest "Abstract of Statistics" furnishes particulars of bank debits, or the total amount debited to all accounts (excluding Government) by the tiading bank's' during each week. ■ The average weekly debits during eacn month are as follow: — 1081-32. 1982-33. 1933-3-1. j< • \j £ Sent . 9,712,000 ,9,780,000 9,771,000 Oct.. 10,3-1-1,000 9,903,000 10,078,000 Nov. .. 10,170,000 10,398,000 10,480,000 Pee. .. 13,70(5,000 10,901,000 12,813,000 Jan. .. 30,237,000 9,595.728 11,950,000 I'Vb. .. 12,225,000 12,003,000 15,534,000 Mar .. 11,459.000 12.411,000 15,20'!,000 April . 11,400,000 10,820,000 14,070,000 JUaV .. 10,854,000 10,345,000 10,710,000 .1 uiiß- ". 10.175,000 10,2(19,000 11,733,001) ,1 illv . . 10,099,000 10,041,000 11,003,000 Aug. .. 8,793,000 9,550;000 *11,377,000 ♦For Hires weeks only. These figures give a fair idea of tho volume of business done generally. They indicate the quieter state of trade during the winter and early spring, when exports lire low and internal trade is quieter, and tlin greater activity in the summer times and the flush of the export season. An important factor in tho returns is the influence of varying prices. In this connection tho raising of the rate of exchange, the imposition of the sales and other taxes all had a tendency to incrouß2 tlie amount necessary to finance trading stocks. However, after making due allowanco for tlicric influences, it seems clear that business has been definitely of larger volume sincp November than for the same period in recent years. It would seem that the welcome addition to the national wealth resulting from t"hc increased prices of la6t season's wool and meat lias found its reflection ill a general improvement in trade.