THE FINANCIAL OUTLOOK

King Country Chronicle, Volume V, Issue 352, 12 April 1911, Page 3

THE FINANCIAL OUTLOOK

In the current issue the "Trade Reiew'' 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 imports will show a decided increase as compared with the same quarter a year ago. On the other hand some of our principal exports of wool for the season to date of some 30,000 bales, representing something like half a million, and the value of 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 the 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, the 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 doubtless 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 i'rum the report of a shortage that these leakages must have been on a .somewhat heavier scale than usual latterly. There are some complaints in trading circles, that money is becoming less plentiful, but we believe there is still a good supply of capital available arid -sound investment shares ha.ve been rather more sought alter a.-, an outlet for litis, consequently such shares are commanding good prices.''"