TREND OF TRADE.

Auckland Star, Volume LXIX, Issue 224, 22 September 1938, Page 8

TREND OF TRADE.

1 -—_ BANK DEBITS A GUIDE. SLIGHT DECLINES RECORDED. The . lajtest "Abstract Af Statistics" furnishes particulars of the bank debits, or the total amount debited to all accounts (excluding Government) by the trading banks' during each week. The average weekly debits during each month are as follow: —

•I'our weeks only. These figures give a fair idea of the volume of business done generally. Thej indicate the quieter state of trade during the winter and early spring, when exports are low and internal trade is quieter, anc the greater activity in the summer tinn and the flush of the export season. Genera expansion of trade was indicated in tu< returns for 1998, and this trend was con tinned throughout 1937, culminating ii December with the highest figures recorder for that month. There was a check t< the rising trend in January last, and sine* then there lias been -a steady decrease b: comparison with the corresponding period a year ago-

8 THE AUCKLAND STAR, THURSDAY, SEPTEMBER U JM^ Finance, Commerce, Markets ! S 9 UTHERN exchanges active competition, company affairs. trend of trade. ~N CHANGE. THE LATOT QUOTAS '" ™*™»™- , ™»0» mOL SALES. LTD. """ ° E !!!!. A , ' SLIGHT DECLINES RECORDED. ■ VALUES ARE FIRMER. OUTLOOK FOR TRADE. DIVIDEND STEADY. — SLOWS r#JUN ARAIU ■*!«»— Stiver*, skiers. —1—1 The . latest "Abstract Af statistics'' OUUVVd AGAIN. •»"«■— ■•»»••»• ••"••*. M-rnimim vtttw™ furnishes particulars of the bank debits, or . Hank of Vnsla — ..10/15.0 «WKB BLSINESS RECORDED. VIEWED WITH MISGIVING. LARGER PROFIT. the total amount debited to all accounts u. B . nilI , „„ ; ...iitn.-rcial ... i.',/7 .. 15/11 (excluding Government) by the trading HARBOUR BOARD LOANS CHEAPER &?££?& 85?"?.!.' 2?i1# i! °ii*° («/ TeWraph._Spec.al to "Star.") (taW 1U. «j Cross receipt* and net profit of banks during each week S: - " 30/1<>/0 CHRISTCHURCH, this day. LONDON', September 21. Toohey*, Limited, for the year ended JJ- fc-Tlott dunugf each Following a busier «y yesterday the v lS - v< i" 7"H 28^ 1 5'S •• — Over twice as much business was put i V t)l(> Lo i n < lon wool sales to-day 979.3 | July 31 were the highest since 1929 at 1937 Stock Exchange opened quietly thk morn- XX. U Uor't (ii'paidj 1$© '.* -" through on Exchange this morning as at fflmTwool MoS'fej 38 ° 9 ° £ N 1T £780887 and £151,973 respectively. V" , *' ,-„< .n« and only a few .ales were finals at IIM UBA,.C_ both call- yesterday. Values in the main £«; In the pveviou. year the net profit was Sept. »£££» the first call and these reflected «v- Natlonal ,,.*, 17 , n were firm, some industrials confirming low I"**"* was again active. The bulk sold 6 '.*" Silt *& l"S 15 574 000 1T.«82.000 generally weak tone of the market. NVwTalanT:;:::::: 2/]%% \\ 2/!$ prices recently ruling, but others, notably ™ te8 ' « erossbreds favouring .^^U^ded 1 by £140 '°° C dUrlDS the *" 18,321,000 30.041.000 fir^' l thr!*o r" t i ,,(,, ' tit '" 1ar V r f'f 11 ! t,ls slamla/i''.'!^..I:".:; 2 - /0 ■• 2/HS/O meU1 "' makin,t 8ubstantial *™ s - N*«r' Zealand greasv crossbred * Dividend has been maintained at 9 per 19 f- ■■' "fv". ; 19 f" ani-'w nnd Inn,, , ,7,.i , n '" np|) »»nKN. insur- ' There was very little interest in th.2 '"NZWAIA." sold from 9d to lid per lb: cent - and requires £131,905, so that after Jan 13..%44.000 16,306.<JuO 16,707,000 y,.„|.' 1 „ i " ," n( ' y : Bank of New FINANCIAL— ear!y s ec . t ione. Bank of New Zealands Alcmn," 9%d to 9%d- *!j» e halfbred transferring £10.000 to reserve and £5000 1>1> 10.07S.000 22,OI«,000 20,942,000 r. » .a nils v,mt lairly steady, with l.uvix D„ m . invesf.. Bank. (down M) and GoldsbroughMorts (down '""lbs. "Canterbury." to 13d • to officers' provident fund, £27.002 is car- March .. 1K,440,000 23,068,000 21,520,000 I,,,".;! Taam\ T h,le *'' w , Ze«l.-i.id Ajwd. ............. 17/9 .. — 3d) recorded the only sales before the '' T '' r ,'' 1 ' -Stars." 10%d to 13<J: "Oakfcigh," I ried forward against £21,884 brought into April ... n,<«2,<>00 aMW.'llgffi l,nv -. ..? i u wor ., ■ lt '••;*■ ''""' " i'-" r '"- a Ui " • 1« ""U "" '• , 4/8/G miscellaneous division was reached. ] **d to 13Hil: "Kclipw/' 0&1 to 12*W. the account*. M l ;'- V ■••■ 1 if'S&SS 16577O00 '"V 1 ""■ '" '<"• S|»«t. Hr.t*l, at 43/. J«J »;• Am;. « pad - .. 1/14/0 Australian Glass, at a drop of 2/ to 90/3, on the wool X )) W onJ Paid capital.is increased to £1,540.000 Zlv .."i Raft'* *SS»* l^OpO Kftent w.-nkn.vs in local |,olv debnu- Karm And. (A pref) 1/0/6 " K>' brought quotations into line with recent l ->»'"t<-«l, duct attention to the relative and reserve fund to £805.000. I August . 14,184,000 M.123,000 •lO.OlS.OOO tilirs \v,i« stiiUint. v .v..n,,,iii;,.,i ;.. ,i... ■- ... . r. .'_..; */"/"» •• ' -" „„.„. ,.»(„. l,,,t .,!„,„,* all «♦!.„- ;„.!..„ treedoin of wool tv.„ „ ,™ ._ . . _. . . 1 ' . .