TREND OF TRADE.

Auckland Star, Volume LXX, Issue 95, 24 April 1939, Page 4

TREND OF TRADE.

BANK DEBITS A GUIDE. SEASONAL DECLINE SHOWN". Tile latest "Abstract of Statistics"' nislies particulars o! the bank debits, or the total amount debited to all accounts (excluding Government) by the trading banks duiins eaehfirilck. ' The average weekly debiU during each month are as follow: — l!»30. lf»3". 103S i; £ £ April . 17.032.000 22.023.000 15.531000 May .. 1«..T_'«.000 15.r»74.000 17.555000 June .. 14.950.000 17.23G.CK»0 ir, r.77 000 July .. 14.5G8.000 ie.505.000 K5 704000 Au?. .. i4.s«;s.«Kio i<;><-..-,,,i<.(i ic sept. .. 13.n31.000 ].->.».'• 1.01 >o H.8«n!ooo '»et. .. 14.753.000 15.237.000 17.7H.000 X"V. .. 1.-1..-.74.1M10 17.fi52.000 17.041.00rt Dec. .. 15..-.21.1KW 20.041.00U 21.431.000 I!>3T. 198 S. 1039. Jnn. .. ir...-,!i.-,.(i00 1r.7u7.0ft0 1 n.s.-is 000 Feb. .. 22.oKi.iKMl 2<I.!»42.OOI1 -J 1 .S."i.l OO<l March . 23.<ii;i;.<ioii 2|.53(i.«00 *21,37UAHM) •Three Weeks only.

These fijiiirs -rive a fair i<lea of the volume of buftincMK generally. They indicate the quieter slate of trade during the winter and early Pprinjr. when exports ire low and interna! trade is quieter, ami the preater activity in the summer time and the flush of the export season, den era I expansion of tra<le was indicated in t!ie returns of W3G. and this frond was continued throughout 1<137. culniiiiatinc in December of that year with the lii»hest figures recorded lor thai month. There was a check to Hie rising trend at the beginning of W3B and a steady decrease was shown month hy month until December, when tlie fioures of December 1037 were exceeded. These were followed by i sharp seasonal decline in the first weeks of the new year, and a recovery durin" February and the first few weeks of March.