COMMERCIAL NEWS

Ashburton Guardian, Volume 54, Issue 256, 10 August 1934, Page 7

COMMERCIAL NEWS

THE RESERVE BANK.

BIG STERLING HOLDING. (Special to the "Guardian.") WELLINGTON, August 9. The Gazette issued to-night, contains a statement of the assets and liabilities of the Reserve Bank of New Zealand as at the close of business on Monday, August 6. It is as follows :

Prooortion of reserve (reserve less liabilities in currencies other than New Zealand currency) to notes and other demand liabilities, per cent.

GRAIN AND PRODUCE.

AUSTRALIAN MARKETS. SYDNEY, August 9. Wheat in the country is unchanged. Bagged and bulk are quoted at 3s Id on sidings, which is equal to about o*s Bd, 3s 9d, ex trucks in Sydney. Far-, mers are reported to be selling quietly, but buyers are cautious Flour—£9 15s. < Bran—£4 10s. Pollard—£4 15s. Potatoes—Tasmanian, £B, £10; Vic-' torian, £8 10s. Onions—Victorian, Brown Spanish, £9. Maize—Yellow, 3s Id; white, 3s 4d. ADELAIDE, August 9. Wheat—Growers' lots, 3s 6£d. Flour—Bakers' lots. £lO. Bran—£s ss. Pollard—£s. Oats—2s 3d. Barley—2s 7d. DAIRY PRODUCE MARKET. The South Island Dairy Association, Ltd., has received the following market report from, the New Zealand Produce Association, Ltd., London: — Butter—Firm ; 81s. Danish, 108 s. Cheese —Steady, Unchanged. PEDIGREE PIGS SOLD. / HAMILTON, August 9. Unprecedented prices, ranging up to 53 guineas, marked the first annual sale of Mountley pedigree pigs, the property of Mr A. T, Rogers, Ngaruawahia, which was held to-day at the Oaudelands showgrounds. The offering comprised, about 260 pigs, mostly pedigree Tamworths, Berkshires, Devons and cross sows were also penned. The top price was 53gns. Three pigs made more than 45gns, four more than 30gns, and eight exceeded 20gns.

Liabilities— a s. a. Capital paid up . . . 500,000 0 0 General reserve fund 1,000,000 0 U Bank notes . . . . 7,791,444 0 0 Demand liabilities— 2,499,000 4 li Banks 14,536,522 11 10 Other . ... 106 3 " 5 Time deposits . 1 . . —. Liabilities in currencies other than N.Z. — Other liabilities 27,934 10 3 Assets — £26,355,007 10 5 £ s. cL lleserve— '(a) Gold .... 259,312 0 0 (b) Sterling ex24,486,049 3 8 (c) Gold exchange subsidiary cojn . 95,681 9 2 Discounts — Com and agri. bills —■ Treasury and local body bills . . - " — Advances — To ,State or State undertakings . - ~ - " To other public 1 authorities . . . — Other investments . 1,500,000 0 0 Bank buildings . - —* _ Other assets . . ,. • i 13,964 17 t 5 £26,356,007' 10