THE MONEY MARKET.
DEALING with the money market, the N.Z. Trade Review ritiys?: — There is very little change in the financial position since our last report. The balance of trade for May showed only a slight improvement, exports being valued at £3,942,591, and imports £3,747,039, or a light credit balance of £195,552.. For the .five months of the current year cx-«. ports were £23,180,950, and imports £24,743,241, leaving an adverse trading balance of £1,550,285. However, we think the turning point has been reached, as May imports show reduction, which may he expected to continue, and exports for June -and July at any rate should show good increases, as there is a plentiful supply of shipping available. The wool market shows some improvement, and the prospects for frozen meat seem a L'ttle brighter. It will, however, take some months of improved trading conditions to restore the financial position to more like normal, and while we are disposing of accumulated stocks of produce, it will be some three months or so before next season’s produce starts to go forward.
Permanent link to this item
Hononga pūmau ki tēnei tūemi
https://paperspast.natlib.govt.nz/newspapers/MH19210702.2.9
Bibliographic details
Ngā taipitopito pukapuka
Manawatu Herald, Volume XLIII, Issue 2297, 2 July 1921, Page 2
Word count
Tapeke kupu
177THE MONEY MARKET. Manawatu Herald, Volume XLIII, Issue 2297, 2 July 1921, Page 2
Using this item
Te whakamahi i tēnei tūemi
Stuff Ltd is the copyright owner for the Manawatu Herald. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in