THE MONEY MARKET.

Dominion, Volume 3, Issue 685, 9 December 1909, Page 10

THE MONEY MARKET.

! Conditions continue fairly easy (says. the current "New Zealand Trade Review"), and money is readily available for all reasonable and legitimate purposes. In the 'ordinary course tho bank returns for the December ('.carter chow the effect of advances made to woo! farmers and other producers for the handling of the season's products, while in. the following nuarter; the returns benefit liberally from the realisation of these goods and their exportation to tho markets of consumption. :: ... . Tho present" season-is, exceptionally early. .The . wool sales • show substantially increased quantities brought to market, while aa unusually large proportion is being sold, and that' at very satisfactory prices. . Dairy produce is also, going : forward.- in- extra large quantities. The bank returns for the current -quarter, when they, come to bo published, can scarcely fail to show that exceptionally large amounts ■. have, been brought to, credit from these sources.: The large proportion of the season's exports go forward,; however,.'is' the March cuarter. when the excess. of, exports over imports always amounts to-some millions.

There arc disturbing factors in operation or in prospect that threaten^a.measuro .of unfavourable results ■ for. trade. There',is the very'serious labour strike in Now: South' Wales, and tho prospect of an exciting general election in the Old 'Country,'both' of'.which may have ,some effect upon New Zeaku-.d. .. We have ourselves a small trouble similar to that existing in Now South Wales, but it is , hardly likely to bo of long duration or to assume' serious proportions: On _-the whole,' however, .trade prospects;;: tho world over, are encouraging, and New. Zealand is in a good position to profit by favourable conditions. ...'■'.-' .-.■■■:',.• ;