COMMERCIAL NEWS

Ashburton Guardian, Volume 55, Issue 131, 15 March 1935, Page 7

COMMERCIAL NEWS

THE RESERVE BANK. THE WEEKLY STATEMENTS. iPer Press Association'). WELLINGTON, March 14. The “Gazette” issued to-night contains a statement of assets and liabilities of the Reserve Bank of New Zealand as at the close of business on March 11: LIABILITIES— „ , £ s. d. Paid-up capital ... 500,000 0 0 General reserve .... 1,000,000 0 0 Bank notes 9,184,041 10 I Demand liabilities — _ (a) State 12,325,998 8 / (b) Banks .... 4,648,346 17 4 (c) Other 7,480 5 10 Other liabilities 50,280 16 1 £27,716,147 17 10 ASSETS— Reserves: n (a) Gold; 3,001,731 0 0 (b) Sterling exge. 22,404,68/ 9 2 (c) Gold exge. . 179,0/3 18 11 Investments 2,057,539 0 o Other Assets 23,116 J 4 £27,716,147 17 10 Proportion of reserve to notes and other liabilities 97.29 per cent. GRAIN AND PRODUCE. AUSTRALIAN MARKETS. SYDNEY, March 14. Wheat—Bagged and bulk, on country sidings, is quoted at 2s s|d, equal to about 3s o£d and 3s respectively, ex trucks, Sydney. Flour—£lo 17s 6d. Bran—£4. Pollard —£4 10s. Potatoes—Tasmanian to £9 10s. Onions—Victorian, Brown, . £8; Globes, £7 10s. Maize—3s 6d. „ ... ADELAIDE, March 14. Wheat—Growers’ lots, new season’s, 2s 10^d; old, 2s B^d. Flour—Bakers’ lots, £ll. Bran—£s. Pollard—£s 2s 6d. Oats—Algerian, Is lid. Barley—23 Bd. MARKETS IN BRITAIN. LONDON, March 13. Wheat—-Following a dull opening, the demand for cargoes became more active. There was large business m Australian sailers at full prices. Parcels are to 3d down, at which there is fair trading. Futures are quoted:— London: ApriL 20s 6d per quarter, June 21s 3d. Liverpool: March 4s 7 / -od a cental, May 4s llid, July 5s lid, October 5s 3£d. SALE OF CLYDESDALES. HIGH PRICES REALISED;

TIMARU, March 14. Fully 1500 people, probably a record for New Zealand, were present at the Showgrounds to-day, when a sale or Mr Andrew Grant’s Allandale Glydeseiales was held. Every part of the Dominion was strongly represented. Ihe catalgoue comprised thirty-thrge head, and tnese realised a total of 3736 and a half guineas, the overhead average exceeding 113gns. Competition for six fillies was exceptionally keen, these averaging 181 gs with a top price of 250 gs. Five stallions averaged 233g5, six two-year-olds 995 gs and six yearling colts 725g5. The sale was an outstanding success. The various lots -were distributed widely throughout the Dominion. The top price of the 9ale was 300 gs, paid by a Westland breedeiy Mr J. Condon, for the five-vear-old Lady’s Desire. All the fillies "will remain in the South Island. Ashburton purchasers were as follow: Stallions—Allandale (Mr J. Bell, Lismore), llOgns. Filly—Allandale Ann (Mr A. Leask, Methven), 250 gns. Geldings—Gelding by Desire (6yrs), Stewart’s Estate, Chertsey, 52'gns. THE STOCK MARKETS. METHVEN. The fortnighlty stock sale was held in the Methven Saleyards yesterday, when there was a good attendance of farmers. There was a good yarding or both fat and store sheep, principally lambs. The quality of tats was, y on the whole, good, but there was a decided easing tendency in the prices, and several lines were not sold at auction. Top price was 20s 7d for 89 lambs. - . The drop in the price of fats had its effect on the lambs in the store section, but taken all round, a satisfactory clearance was effected. There was a large entry of cattle, mostly dairy cows. In- view of the condition of these and the low prices ruling, the sale must be considered a satisfactory 'one. Pigs were in shorter supply, and made fair prices.

Sales were: — Fat lambs—B9 at 20s 7d, 57 at17s 7d, 166 at 16s 6d, 87 at 16s 6d, 71 at 18s 4d, 94 at 17s, 62 at 17s 6d, 79 at 19s 4d, 18 at 17s 4d, 20 at 19s 6d, 14 at 19s lOd, 27 at 19s lOd, 40 at 19s lOd, 55 at 19s 4d, 214 at 19s 9d, 17 at 20s, 46 at Is 6d, 58 at 16s 6d, 6 at 16s 3d, 37 at 15s 7d. Fat ewes—29 at 13s, 4 at 18s 6d, 5 at 16s, S at 16s 6d, 14 at 11s lOd, 60 at 9s, 25 at 11s, 9 at 14s 3d, 4 at 11s 6d, 1 at 12s 9d, 30 at 9s 6d. Fat wethers—l at 255, 1 at 235. Store sheep—396 mixed sex £-bred lambs at 13s Id, 100 mixed sex f-bred lambs at 15s 3d, 90 do. IBs 3d, 141 3-bred rape lambs at 14s Id, 105 crossbred lambs at 15s, 6 wethers at 13s 6d, 56 mixed sex lambs at 8s 2d, 50 crossbred ewes at 12s, 10 ewes at 6s 3d, 4 wethers at 4s 9d, 54 cull ewes at 3s 3d, 77 mixed sex lambs at 10s 6d, 51 mixed sex lambs at ss, 47 do. 12s, 100 rape lambs 14s 4d, 243 rape lambs 12s 6d, 118 wether lambs 14s 3d, 94 halfbred

lambs 11s 3d, 139 J-bred ewe lambs at 14s Bd.

Cattle —s heifers at 355, 2 cows ; t 10s, 4 at 255, 1 at £3, 1 at £2 10s, 2 at £1 ss, 1 at £3 ss, 1 at £2 2s Od, 2 at £2, 9 heifers at 355, 1 steer £2 10s, 1 heifer £2 10s, 2 bulls at 10s, 11 calves at 11s. Pigs—2 porkers at 255, 2 veaners at Bs, 3 at 7s, 1 sow 10s, 5 weaners at 8s 6d, 4 at ss. GERALDINE. An exceptionally heavy yarding, comprising about 70UQ sheep, came under the hammer at the fortnightly Geraldine stocx sale on Wednesday. There was a large attendance and bidding was keen. Among the sales were the following : Fat Sheep—Ewes: 16 at 11s 10d, 13 at 13s lOd, 5 at 10s 7d, 4 at 10s lOd, 6 at 10s 13d, 27 at Us 4d, 13 at 10s 10d, 9 at .21s Id, 27 at 11s 4d, 13 at 10s lOd, 9 at 12s Id, 6 at Ids 4d, 16 at Us 4d, 14 at 10s 4d, 6 at IDs 6d, 7 at 12s Id, 15 at 12s Id, 16 a.t 12s 7d, 7 wethers at 19s 10d, 11 at 19s /d. Lambs: 20 at 17s 7d, 2at 20s 4d, 9 at 19s Id, 16 at 19s 4d, 21 at 21s Id, 40 at 19s 4d, 19 at 19s Id, 18 at 18s lOd, 25 at 19s 7d, 27 at 19s 71, 34 at 18s Id, 38 at 16s 7d, 38 at 19s iOu, 1 at 12s 4d 82 at 17s 7d, 42 at 16s 4u, 45 at 19s 6d, 45 at 19s Id, 68 at 18s lOd, 52 at 19s 4d, 67 at 18s lOd, 35 at 22s 7d, 24 at 16s lOd, 38 at 16s /d, 12 at 20s lOd, 46 at 17s lOd, 117' at 20s 4d, 25 at 21s Id, 117 at ißs 10d, 73 at 17s 4d. Stores— Sixty-eight 4-tooth ewes at 255, 51 f.m, ewes at 12s, 87 m.s. lambs at 8s Bd, 111 2-tooth ewes at os 9d, 91 f.m. ewes at 7s, 117 2-tooth ewes at 265, 85 ewes at 11s 6d, 6 wether lambs at 10s 3d, 120 ewe lambs at 16s 4d, 31 m.s. lambs at 6s, 43 2-tooth ewes at 23s 4d, 161 s.m. ewes at 15s 6d, 17 ewes at 7s, 7 2-tooth ewes at 295, 36 3-shear ewes at 15s 3d, 50 m.s. ewes at Us, 23 2-tooth ewes at 26s 9d, 41 m.s. lambs at 10s 7d, 82 wether lambs at 10s 3d, 16 do. at 6s 6d, 93 ewe lambs at 17s, 36 s.m. ewes at 16s 3d, 26 do. at 7s, 42 do. at 13s 4d, 80 m.s. lambs at is 4d, 10 lambs at 3s 3d, 34 2-tooth ewes at 15s 7d, 16 wether lambs at 7s 6d, 67 do. at 4s 2d, 22 2-tooth ewes at 21s 9d, 48 s.m. ewes at 13s sd, 47 s.m. ewes at 15s Id, 118 do. at 13s 4d, 32 2-tooth ewes at 18s, 114 f.h. ewes at 4s 7d, 188 wether lambs at 8s 4d, 139 ewes at 8s 3d, 52 do. at 8s 6d, 77 wether lambs at 10s 6d, 72 do. at los 2d 182 6 and 8-tooth ewes at 16s, 82 2-tooth ewes at 22s 3d, 120 wether lambs at 3s 3d, 40 f.m. ewes at 7s lid, 71 s.m. ewes at 12s lOd, 63 6 and 8tooth ewes at 10s 6d, 45 f. and f. ewes at 11s, 29 4-tooth ewes at 20s 3d, 51 5-shear ewes at 21s, 79 ewes at 10s, 156 3 and 4-sliear ewes at 2Qs 4d, 25 6-tooth ewes at 18s 8d ? 77 gwi© lambs at 11s 2d. THE SHARE MARKET. The following sales were made on the Christchurch Stock Exchange yesterday : LISTED STOCKS.

Sales Reported.

UNLISTED STOCKS. Sales on ’Change. £ s. d. 500 Argo Gold ... ••• 0 1 55 100 Were’s Invest. Trust 0 4 7 Sales Reported. 50 Woolworths (Sydney), ord. ... ... 4 8 6 CHRISTCHURCH SKIN SALE. CHRISTCHURCH, This Day. The Christchurch Woolbrokers’ Association reports having held its weekly skin sale yesterday, before the usual bench of buyers. The following is the range of prices:— Sound. Faulty, d. d. d. d. Pelts ... 2 to 2J £ Crossbred: sto 5 woolled 3 2 to 3 £ to full wool 4 ' 3£ Threc-quarterbred: i to 5 woolled 35 25 to 35 £ to full woolled 45 35 Halfbred : sto 5 woolled 3£ to 5 2;| to 35 £ to full woolled 6 to 8 5 to 7 Lambs ... 5 to 5£ 3£ to 45 Hoggets black 2 Abbattoirs: s. d. s. d. Pelts ... 1 0 to 1 2 Three-quarterbreds ... 1 5 to 2 4 Halfbreds .... 1 8 to 3 3 Lambs ... 1 8 to 2 6

THE WOOL MARKET. THE SYDNEY SALES. SYDNEY, March 14, At the wool sales, 10,156 bales were offered and 9279 were sold, also 801 privately. There was very keen and general competition for all good wools which showed quality, and these were quoted 5 per cent above the previous

day’s rates. Other descriptions were unchanged. Inferior sorts continue to display irregularity. Greasy merino made to 18d. THIRD AUCKLAND SALE. \ ■ AUCKLAND, March 14. The third and final wool sale of the season in Auckland will lie held on Friday, March 29. There is no limit to the offering and at the present timcit is difficult to gauge the probable total of the catalogues that will he submitted. Large quantities are actually in store, but growers for the most part are watching the market closely and will delay coming to a decision whether to offer or not until the sale date is nearer. At the corresponding sale last year 15,896 bales were offered and 13,579 were sold.

Sales on ’Change. £ d, s. 150 Bank of New Zealand 2 2 9 9 3 2 30 Union Bank of Aust. 8 11 0 100 National Mortgage “B” ••• •• 1 11 3 300 N.Z. Ref rig. (10s pd.) 0 8 9 100 N.Z. Breweries 2 11 0 9 6 0 1 225 Tooth’s Brewery 2 2

2 9 0 200 Dominion Fort. (2) 1 2 0 200 Dunlop Rubber (2) 0 18 0 100 Howard Smith div.) (cum 0 14 f> 200 Sun Newspapers 0 0 4 4 3 4 1500 Brian Boru (2) 0 0 0 0 2\ 22 200 Gillespie’s Beach 0 1 1 8 200 Maori Gully 0 *5 500 Mahakipawa 0 U 1U3 100 Rawang Tin 300 Skippers 0 0 i 0 5

£ s. d. £300 Makerua Drainage, H p.c., 1/8/51 30 Reserve Bank of N.Z. 100 10 0 6 10 0 50 K.Z. Insurance 3 8 3 500 Brian Boru 0 0 22 100 Standard Insurance 3 12 3