TREND OF TRADE.

Auckland Star, Volume LXX, Issue 305, 27 December 1939, Page 3

TREND OF TRADE.

STATISTICAL SURVEY.

SMALLER OVERSEAS TRADE

RISE IX BANK DEPOSITS

Recent trends in trade within X ew Zeal.."<l arc reviewed by the Government ■ t'tisn.mn i,, the current "Abstract t,f Matches. Features are the increase in S'l.;"' , t, -'," Ii "« high note ■H ..to , ,nd drc ; ,v.»s<>s ,„ both im t .noxpou trade ihe review covers the » c November and doe* not allow ' lu; -huiMe in the trend of oversea* : : mi ; u tl, ;; cn,l , ot t'««t export i.imiu since then rwen considerably i>P'"it» witli the ti-iuliiiK banks have r-nt U-d to increase, the nvenwe amount m'i'l?!" .«-*oiiiit for November being X ..H>.'.4« (21.7 per cent) above the Kjjure ■..-November o last year. Fixed deposits , ntViu!- "further increase n nd '','; l°Z *1;M2.W4 above the June level, which was the lowest, recorded since June !«<>. H.ink advances rojtiuterctl a further ■i 1. '"id compared with the position 12 mon l.« „«,■, a decline of 0.3 per cent is ' <<"U'd. I lie value of bank debits rose sllKlitly, while the active bank note circulation recorded a small decrease from the record high level established in the previous month.

v ontrarv to the ueual experience, exports during- November were consl.ler"l'ly 1«8 than in October. Normally the new pe-ason s produce commences to move >n earnest in November, but no doubt the regularity ot shipment has Wen considerlihly iiffected by the war. and fluctuatione in tnw regard may be expected. Despite the decrease in exports a continuation of the decline in imports resulted in an export excess for the month amounting to £.54,.820, ae compared with an excess of imports of £397,366 in November, 1938.

Smaller Butter Shipments. * The value of merchandise exports during the month of November was £3,229 171 a decrease of £677.909 below the total' for October, and of £1,156,874 below the November, 1038, figure. The item responsible for the decrease in both instance* was butter, uniw.ui.lly heavy shipments of that commodity having taken place during t.ho two months last mentioned In N ovembor, 1038, 366.537cwt. valued at £2,208,602. nnd in October, 1939, 286,710cwt, valued »it £1,080,180. were exported, while ■the quantity in November, 1039, was J."4.321cwt only, the declared value being £1.050,043. Items showing substantial increases in value compared With October were frozen mutton (£293.5701. cheese (£141,307) nnd frozen pork (£77.677). Commodity imports during November were valued at £2,881,351. as compared with £3.330.260 in October, 1039, and £4.783,411 in November. 1038. The result of the month's external trading in comnioditiea was nn excess of exports amounting to £347,820, as compared with an export exceee of .£576,811 in October, and an exceas of imports to £307.366 in November, 1938.

For the expired 11 months of the present -calendar year -exports were valued at £54.571,498, as»-compared with £54,648,012 in that period" of 1938. Inrporbi during the 11 month* of T039 totalled £46,333,216, the eomipwrative figure for the corresponding period «fW9B-feeing £50,657,095. The excess of cxpnrt* forthe Tl months of 1030 amounted to £8336,282, as against £3.090,917 end £30r7W,038 for eimilar periods endl937 rcepecfrvely.