COMMERCIAL NEWS

Ashburton Guardian, Volume 55, Issue 107, 15 February 1935, Page 7

COMMERCIAL NEWS

THE RESERVE BANK. THE WEEKLY STATEMENTS. (Per Press Association.) WELLINGTON, February 14. The “Gazette” issued to-night contains a statemeht of assets and liabilities of the Reserve Bank of New Zealand as at the close of business on February 11: LIABILITIES — . . £ s. a.

CHRISTCHURCH SKIN SALE. VALUES EASIER. CHRISTCHURCH, This Day. The Christchurch Woolbrokers’ Association reports having held their weekly skin sale yesterday, before the usual bench of Buyers. Prices were from |d to Id easier-than the previous The following is the range of values: Per lb. d. d.

Abattoirs—Pelts to 9cl, three-quarter-breds Is to Is 9d, halfbreds Is to 2s Id, lambs Is 3d to Is 9d. DAIRY PRODUCE, The South Island Dairy Association, Ltd., has received the following market report fdom the New Zealand Produce Association, Ltd., London:— Butter—Steady, 925; Danish’, 120 s. Cheese—Firm. White 495, coloured 48s 6d.

SYDNEY WOOL'SALE. BETTER SORTS FIRM. SYDNEY, February 14. At the wool sales to-day, 12,162 bales were offered and 10,499 sold, while 1323 were sold’ privately. The market was firm for all better descriptions of fleece and skirtings, but average to good l top-making fleece and inferior descriptions are still irregular. Bradford and Japanese buyers were the main operators, with good support from France and Germany on better descriptions. Greasy merino sold to 24|d, equalling

the Australian record of the season, for five bales. AUSTRALIAN PRODUCE MARKETS SYDNEY, February 14. Wheat—New season’s, on country sidings, bagged 2s 4d, bulk 2s 3Jd, equal to 2s lid and 2s ex trucks, Sydney. Flour —£10 7s 6d per ton. Bran—£4 10s, pollard: £5. Potatoes —-Tasmanian £ll to £l3, Victorian £ll. Onions —Victorian Brown Spanish £ll, white £lO 10s. Maize —Yellow 3s 4d. ADELAIDE, February 14. Wheat—Growers’ lots, new season 2s 9d, old crop 2s 6jd. Flour—Bakers’ lots £lO 12s 6d. Bran—£s. Pollard—£s 2s 6d. Oats—Algerian Is lOd to Is lid. Barley—2s 7d to 2s Bd.

Paid-up capital ... 9 0 General reserve ..... 1,000,01)0 0 0 Bank notes ......... 9,422,307 10 Demand liabilities— 0 (a) State 9,281,260 1/ 1 (b) Banks 6,794,633 11 2 (c) Other 6,140 13 7 Other liabilities ... 49,402 0 o , £27,053,744 12 '3 ASSETS— Reserves: 0 (a) Gold 3,001,731 0 (b) Sterling exgs 21,831,211 6 7 Subsidiary coin .... 189,1/8 19 5 'Investments 2,900, i 10 9 n Othei' assets id 4 v £27,053,744 12 3 Proportion of reserve to notes and other "liabilities 97.30 per ceny. THE SHARE MARKET. The following sales were made on the Christchurch Stock Exchange yesterday:— , Sales on ’Change. a. £ 9. 300 Comm. Bank of Aust. 50 E., S., and A. Bank 4 19 5 0 150 Bank of N.Z. (2) 2 10 0 £100 N.Z. Loan and Merc. (ord. stk.) ... ••• 42 10 109 N:Z. Refrig. (£1 pd.) 0 19 0 6 400 N.Z. Refrig. (10s pd.) g g 5 ' 0 9 6 200 N.Z. Breweries (3). 2 10 100 Timaru Brewery ••• O 6 6 100 British Tobacco ••• t is 1 100 Broken Hill Prop. ... /h 500 Brian,Boru ... ••• 9 9 1000 Goldfields Dredging ... 0 U 100 King Solomon ... 9 9 6 5 8 LI 500 Maori Gully ••• 9 i 500 Lawson’s Flat ••• 9 9 1000 Maerewhenua ••• 9 9 1J 500 Mahakipawa ... 99 19 100 Mount Lyell ... 9 500 Nevis Diesel Elec. ... 9 9 100 Okarito (cum div.) ... 9 » u o it 0 Of 100 Rawang Tin (cum div.) 0 8 500 Skippers 9 9 0 of Sales Reported. £ s. d. 100 N.Z. Refrig. (10s pd.) 0 9 4 200 Mount Lyell ... 9 i ( 1 19 1000 Skippers .... ••• 9 9 50 Okarito (cum div.) ... 9 » Of ENLISTED STOCKS. Sales on ’Change. , ■ £ s. d. 1000 Argo Gold (Is pd.) (3) 0 1 6 75 Woolworths (Syd.), 6 ord (2) 4 12 Sale Reported. 25 Woolworths (Syd.), 0 ord,. - 4 14

Pelts— Sound ... 15 to 25 Faulty 5 to — Crossbred — Faulty: Quarter to half-woolled 15 to 21 Three-quarter to full- » woolled 35 to 35 Sound: Quarter to half-woolled 2 to 21 Three-quarter to fullwoolled ... 3 to 35 Three-quarterbred— Faulty: Quarter to half-woolled 2 to 3 Three-quarter to fullwoolled 35 to 45 Sound: Quarter to half-woolled 3 to 4 Three-quarter to fullwoolled 45 to 5 Halfbred — Faulty: Quarter to half-woolled Si to 45 Three-quarter to fullwoolled 5 to 7 Sound: Quarter t>. half-woolled 45 to 55 Strong 65 to — Super 7| to — Lambs— Faulty 3 to 4 Sound 4 to 55 Hoggets— Three-quarterbred, faulty 35 to — Halfbred, faulty ... ... 6 to — Three-quarterbred, sound 45 to — Halfbred, sound 6 to — Black 15 to —