FINANCIAL PROJECTS.

Taranaki Daily News, Volume LII, Issue 192, 17 September 1909, Page 2

FINANCIAL PROJECTS.

"The supply of money continues sufficient for "legitimate ' trading requirements', hut so fur as hanks arc concernjcil," says the Trade Review, "speculative propositions and laud transactions are regarded with disfavor. There is, however, a fair supply also in the open market available for advance on mort-

gage of real estate, but the demand is by no means active. Tile July-Septem-ber quarter is the weakest period of the year as' to the volume of exports, while tlie volume of imports is usually heavy. East vear there was an excess of imports 'to the amount of over .C2,uotl,lli)ll. This vear the difference will not he nearly so'heavv. but it is prcttv certain the excess will still be on the side' of in, .jxirts. However, with the ■month of October the new season begins, and indications point to all curly and prolific

season. Througliout the dominion pas-1 lures are in exceptionally good condition, and stock (if ah classes in a for-i ward state. The wool clip promises to be very heavy and of unusually good quality'; and the output m uiitier and cl si' is expected to exceed the total of last year by 1(1 to 15 per cent. Altogether there is cvei;y reason to antici-! pate that the value' of the exports of the coming season will show a complete recovery from the recent falling-olf, while imports w> doubt will continue on a moderate scale, and the financial equilibrium he thus fully restored."