NEW ZEALAND'S BUSINESS OUTLOOK.

Horowhenua Chronicle, 15 March 1910, Page 2

NEW ZEALAND'S BUSINESS OUTLOOK.

The New Zealand Trade Review, a journal of well-established reputation and sound judgment, has some,, romarks in its latest issue which aro of peculiar interest" to a pastoral and agricultural community such as that of Horowhenua. Iα its sunir' nary of the February business transactions, tho Review remarks that "weather conditions have continued very favourable for live slock and for the dairy trade, but the output of tho grain harvest is lively to be n, good deal below tho v.sry favourable promise of tho" first estimates. The exports of tlio season so far are very heavy, and prices are satisfactory. Tho total value of the shipments for the current quarter, ending on the 31st instant, promises to constitute a r<:cord far in excess of any previous wrresponding period. Wool, dairy produce,- and meat will show very Inch totals. Wheat gives expectation of nn exportable surplus still eoual to that of last year but tho prospects of oats are less favourable.

"On the other hand our imports seem to be remaining at about the reduced level of•1909 and tlie excess of .exports over imports will certainly snow a very large margin for the March ouarter. Bank aeoonuts will thus he substantially renl'Miished and the financial position \ further improved. " The requirements of tho New Zealand government for public works and other public purposes are heme obtained outskle the Dominion, as also are "the loans of local vo ruing bodies. Sir Joseph Ward, recently stated that applications of th..> latter character wore in hand to tiie nmnnnt of .about nnrl that tho monev would ho avu'lahle if the security proved to be sntisfnetorv.

"The locil market will therefore no-; he called upon to meet demands of this class as it has been in tho pant, and the accumulations of tho coiimunity will be available for general The prospect, therefore, is for increased ease in tin* market,"