TRADE AND FINANCE.

Wairarapa Age, Volume XXXII, Issue 9615, 8 October 1909, Page 7

TRADE AND FINANCE.

A REVIEW. There is no noticeable change in the conditions of this market in New Zealand (says the "Trade Review"), the supply of money both in banking circles and in the open market being fairly sufficient for ordinary requirements. The quarterly returns to the 30th September are looked forward to with much interest, both those relat- - ing to banking business and those dialing with the imports and exports of the Dominion. ; As regards imports and. exports : the September quarter is the weak i period of the year. For exports it ; is the fag end. of the produce year, ; and the volume of shipments is ali ways very light,, while imports are usually pretty heavy. It is practically certain, .that on this occasion exports will prove heavier audi imports lighter than: usual,; but the "Review" thinks, it is too. much, to hope that the excess will not prove to be on the side of imports. At "the same time the September quarter brings with it the requirements of the producers for the means of preparing and moving the season's products.

For these reasons the coming bankinz returns cannot be expected to disclose much if any ease in the financial position. Indeed, it is possible that any alteration may be in the other direction. However, the season is exceptionally forward, and the returns of the w 00l clip and of the dairy trade are likely to be higher than ever, and to be gathered in at an earlier date. Tr6 prospects in the near future are regarded as very encouraging. On the oth3r hand, our Prime Min ister '"*" Joseph Ward) reports having made satisfactory arrangements during his recent visit t London for the supply of needed funds for the Advances to Settlers Office, for public works, and for local governing bodies. The money required for these purposes being thus provided for outside the Do minion, the local market will be relieved of the demands which in recent years have absorbed funds which might otherwise have been available for local requirements. There is, therefore, prospect in the absence of unlooked-foi complications, of a steady immvement in the financial position with the turn ot the year and thence for- "' ward.