THE FINANCIAL OUTLOOK.
In the current issue the '"Trade Review" remarks:—"We have now passed the end of the March quarter, but none of the various returns are to hand as yet. From information available it is certain that the imporra will show a decided increase as compared with the same quarter a year ago. On the other hand some of our principal exports may be expected to exhibit decrease; there is a shortage in the export of wool for the season to date of some 30,000 ibales, representing something like half a, million, and the value ot dairy produce exported will probably hardly equal the previous season. Against this, however, the exportation of frozen meat has recently been exceptionally heavy, there being some 1,500,000 carcases of mutton and lamb afloat at the present time. On the whole the value of our exports may be expected to show a satisfactory total, and leave a good margin over tlie imports. We hear that there is a shortage of gold coin in some quarters. The question of what becomes of the specie imported has been referred to in these columns on previous occasions. Commenting on the subject a year ago we showed that while the net importation for seven years was nearly four millions, ithe increase in the banks' holdings was less than half that amount. The number of people constantly going away either temporarily or permanently accounts for a certain amount, the increase in trade , doubtlessly causes an increased circulation, and there is a constant leakage from the use of coin for the manufacture of ornaments and similar purposes. We imagine from the report of a shortage that these leakages must have been in a somewhat heavier scale than usual latterly. There are some money is becoming less plentiful, but complaints in trading quarters, that we believe there is still a good supply j of capital available, and should invest- i ment shares have been rather more j sought after as an outlet for this, consequently such shares are command- j
ing. good prices."
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/NA19110411.2.30
Bibliographic details
Northern Advocate, 11 April 1911, Page 6
Word Count
342THE FINANCIAL OUTLOOK. Northern Advocate, 11 April 1911, Page 6
Using This Item
NZME is the copyright owner for the Northern Advocate. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons New Zealand BY-NC-SA licence . This newspaper is not available for commercial use without the consent of NZME. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in