MONEY MARKET.
Tho New Zealand Trade Review (June 30) says: “Wo are now at the end of the quarter and the banking returns will bo available shortly. We expect to see some further improvement in the financial conditions. There are indications that trade and finance are gradually improving, though the process must be a somewhat slow one. “The balance of trade is keeping on tho right side. May exports totalling £4,000,631 and imports £2,485,083 leaving a satisfactory balance of £2,114,648, making a total excess of exports for the past five months of £8,252,720. The month of June may not show up quite so well, as shipments have not been as heavy as in May. The general prospects for our main products appear fairly bright, and by the' start of next season stocks should be fairly well cleared. This will give the season a clean start and eve look for fairly good prices for our main products and expect a general improvement in trade after the winter. “There are also indications, that money for mortgage and general purposes is beginning to become a little more _ plentiful and easier rates may rule in a few mouths’ time.”
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Bibliographic details
Manawatu Standard, Volume XLIII, Issue 446, 11 July 1922, Page 7
Word Count
195MONEY MARKET. Manawatu Standard, Volume XLIII, Issue 446, 11 July 1922, Page 7
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