HE DOMINION’S TRADE

Sun (Auckland), Volume I, Issue 257, 20 January 1928, Page 12

HE DOMINION’S TRADE

DECIDED IMPROVEMENT FIGURES FOR 1927 A substantial improvement over the figures for the previous year is revealed in the returns of New Zealand’s overseas trade in 1927 supplied by the Customs Department The exports for December, valued at £5,398,484, are recorded at the highest figure for that month since December, 1924, when the total was £5,911,445. They show an increase of £1,766,786 on the figures for December, 1926. Imports for December, 1927, recorded at £3,949,198, are £438,898 below the figures for the corresponding period of 1926. Exports for the year register an increase of £3,220,779 and imports a reduction of £8,327,396, making the aggregate improvement £8.337,396. An indication of the trend of trade during the past five years is contained in the following table:— Year Exports. Imports. Excess. 1923 £45,967.165 £43,378,493 * £2,555,672 1924 52,612,707 48,527,603 *4,085,104 1925 55,262,272 52,456.407 *2.505,865 1926 45,275,575 49,859,563 f4,613,988’ 1927 45,496,354 44,782,946 *3,713,408 Tl. £247,614,073 £239,035,012 *£5,579,061 ♦Exports. flniports. The position for the last six months of 1927 is decidedly better than at any time during the past five years, imports exceeding exports by £4,678,230, compared with £9,369,242 in 1926, £10,578,099 in 1925, £6,831,487 in 1924, and £7,597,190 in 1923. Exports over that period, valued at £17,904,012, were only exceeded during the last five years in 1924, when the flg;ures were £19,051,713. SOUTHERN EXCHANGES YESTERDAY’S SALES Press Association. Wellington. —Goldsbrough, Mort and Company, 47s (two). Christchurch. —National Bank of New Zealand, £6 16s (five); Goldsbrough, Mort, 47s (four); Dalgety and Company, £l3 10s. Dunedin.—National Bank, £6 15s 6d (two); Broken Hill South, 465. TO-DAY’S SALES Christchurch. —On ’Change: British Tobacco, 39s 8d (3 parcels), 39s 7d (2 parcels) and 39s Bd. Reported: N.Z. Refrigerating Co. (10s paid, cum. div.), 8s 7 d. : LONDON MEAT MARKET Under date January 19 the London office of Dalgety and Co., Ltd., cabled as follows: — New Zealand, prime North Island lamb, 281 b to 361 b, lid a lb; 3Gib to 421 b, 102 d; second quality, 91d. The market for New Zealand lamb is weaker, and the demand is limited. Prime North Island ewes, 481 b to 541 b, 5d a lb. G.A.Q. Australian lamb, 2Slb to 361 b. 8d; third quality, 6d. The market for Australian lamb is dull and declining. The demand runs principally on finest qualities. Beef.—Argentine chilled hinds, 6Jd a lb; fores, 4£d. Pork.—English pork, 801 b to 1001 b, lOd; New Zealand porkers. 801 b to 1001 b, Sd; 1001 b to 1201 b, 7ld; baooners, 1201 b to 1701 b, 6£d; 1701 b and over, 6d. Frozen Lamb.—Further decline expected as stocks increase; no forward business reported.