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Taranaki Daily News, Volume LII, Issue 94, 17 May 1909, Page 2

TDK MONEY MARKET. I The money article of tile Xew Zealand Trade Review on Thursday shows that during the quarter ended March Hist the Xew Zealand exports exceeded imports in total value by some three millions, accounting for the improvement exhibited by the bank returns for the same period, amounting to two millions, inclusive of the Government account. T.ie change for the better in private accounts amounted to £1.707,0110. "These figures," states the Review, " represent, of course, the averages for the three months, ami we are therefore' justified, we think, in anticipating that some further benefit may accrue to the banking returns for the curiellt quarter from the .C:),IIOII,lllll) excess of imports. The June quarter; often yields a moderate excess of exports over imports, but tin* (September and December quarters compose the oil' season for exports, and the. imports are practically always in excess ill those periods. We anticipate that the current quarter wiH make an unusually good showing in this respect, as the exports of meat and dairy produce will both be above the average for the season, while in imports we fully expect, to see continued shrinkage, proli-1 nlilvt to the eiid of the year. Exports of 'grain will also take place beyond anything that we have had for s e years. The Post .Office Savings Hank returns s'how that there is no diminution ill the volume of deposits, but that the strong demand for money results in the withdrawals being practically as heavy as deposits."