COMMERCIAL NEWS

Ashburton Guardian, Volume 55, Issue 137, 22 March 1935, Page 7

COMMERCIAL NEWS

CHRISTCHURCH RAM FAIR. KEEN DEMAND FOR CORRIEDALES (Special to the “ Guardian.”) CHRISTCHURCH, This Day. A total of 3995 rams compared with 4328 last year, were penned at the annual ram fair conducted by the Canterbury Agricultural and Pastoral Association at Christchurch yesterday. The sheep came forward in remarkably good order considering the season passed through, and with the elimination of the inferiorities the class, as a whole compared with that forward at the best of recent fairs. The feature of the sale was the particularly keen demand for Corriedales, this providing something in the nature of an agreeable surprise to vendors, as some reaction to the decline in the fine wool market was anticipated. There is a gradually extending demand for the breed, and several pens were purchased for the North Island. Following are the top prices realised for the various breeds: Corriedales 151 gns; half-breds, Signs; Seuthdowns, 9gns; English Leicester llfgns: Border Leicester, sgns; Romney Marsh, 7gns; Shropshires 6gns. The following is a range of values for the different breeds compared with those of last year:—

The principal sales on behalf of Ashburton County vendors were as follow: On account C. A. Campion (Highbank) 5 Southdown at 3£gns; 5 do. at 4gns, 5 do. at 4igns, lOdo. at 4gns,. 5 English Leicester at ligns, 10 Corriedale at 3gns, 5 do. at 3gns, 5 at 2|gns; P. J. Andrew (Eiffelton) 4 two-shear Southdown at 4igns, 4 at 4igns, 5 Corriedales at 3igns, 5 at 2fgns, 6 twoshear at 21gns; W. W. Reddeeliffe (Te Pirita) 5 Southdown at 6gns; R. J. Low (Highbank) 4 English Leicester at 3gns, 4 at 3igns, 4 at 3£gnsj R. E. Adair (Mayfield) 19 English Leicester at ligns; J. Ellis (Hinds) 10 English Leicester at 2igns, 5 at ligns, 10 at 2|gns, 5 at ligns; J. Bonifant (Wakanui) 5 English Leicester at 31 gns, 10 at 2£gns, 10 at 2igns, 5 at 3f gns, JLO at Signs, 5 at 2igns; W. Letham (Launston) 5 English Leicester at 2igns, 5 Corriedale at Signs, 5 at 6gns, 5 at 5i gns; J. Connolly, M.P. (Cheviot Hills) 2 Corriedale at 4gns, 5 at sJgns, 5 at 6igns; J. M. Johnston (Eiffelton) 5 , Corriedale at 7gns, 5 at 7igns, 5 at _6i gns, 5 at ogns; Cochrane Bros. (Elgin) 4 Corriedale at l3gns, 4 a’t 12gns; C. D. Chisnall (Hinds) 5 Corriedale at Ifgns, 4 at 4igns; J. H. Grigg (Longbeach) 5 Corriedale at 12igns; D. S. Studholme (Coldstream) 5 Corriedale at 9 gns, 5 at 7igns, 9 at 6gns; J. C. Lochheadi (Rakaia) 4 Border Leicester at 3gns; J. C. Guinness (Ealing) 6 halfbred at 3igns; G. Gerard (Snowdon) 15 half-bred at sgns; A. F. Marr (Methven) 5 half-bred at 7gns, 4 at sgns, 5 two-shear at 4gns; Scott Bros. (Windwhistle) 9 half-bred at 6gns; Gordon Johnston (Mayfield) 5 Romney Marsh at 4igns.

THE RESERVE BANK. *T“ THE WEEKLY STATEMENT. WELLINGTON, March 21. 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 15:— LIABILITIES — £ a. d. Paid-up capital ... 600,000 0 0 General reserve .... I.ooo*ooo 0 0 Bank notes 9,288,226 10 0 Remand liabilities—fa) State 12,151,252 5 8 (b) Banks 4,7 2 6 «1f£ 8 t'- 7 •,£ (c) Other 4 9 Other liabilities 58,/47 6 4 £27,742,175 6 11 ASSETS— Re (a) ry Gold: 3,001,731 0 0 (b) Sterling exge 22,441,464 2 9 Subsidiary com « n Investments 2, °w’007 A s Other assets 32,297 4 8 £27,742,175 6~TI Proportion of reserve to notes and other liabilities 97.17 per cent.

NEW ZEALAND GUARANTEE. INTERIM DIVIDEND 1 . WELLINGTON, March 21. The Stock Exchange Association has been advised by the directors of the New! Zealand Guarantee Corporation that they have decided to pay an interim dividend of , lid 1 per share for the half-year ended February 28, 1935. DAIRY PRODUCE MARKET. The South Island Dairy Association Ltd. has received the following market report from the New Zealand Produce Association, Ltd., London.— Butter—Steady; 735, Danish lOos Cheese —Steady; white 453 to> 45s 6d, coloured 465. GRAIN AND PRODUCE. AUSTRALIAN MARKETS. SYDNEY, March 21. Wheat—At country sidings, bagged and bulk, 2s 6d, equal to about £3 13s 2d ex trucks, Sydney. Flour—£lo 17s 6d. Bran —£4 ss. Pollard—£4 10s. Potatoes—Tasmanian, £7 7s.

Onions—Victorian brown, £8; Globe £7 10s.

ADELAIDE, March 21. Wheat —Growers’ lots, new season’s 2s lid; old crop, 2s 9d. Flour —Bakers’ lots, £ll 2s 6d. Bran —£5. Pollard—£s 2s 6d. Oats—Algerian, Is lOd. Barley—2s Bd. THE SHARE MARKET. , The following sales were mane on the Christchurch Stock Exchange yesterday : LISTED STOCKS. Sales on ’Change.

1934 1935 English LeicesGuineas Guineas. ter .... 1 to 7i 3* to Ilf Southdown • . 1 to 16* 1* to 9 Shropshire - . 2* to 5 2 to 6 Ryeland , . . — to 6* — to 8 Border Leicester 1 to 3* 1* to 5 Romney Marsh 4 to 11 2| to 7 Corriedales . . 3* to 17* 2* to 15* Half-breds * . 2* to 17* 2| to 8*

£ s. d. 100 Com. Bank of Aust. 0 is 11 100 Goldsbrough, Mort ... 1 7 I 100 N.Z. Refrig. (£1 pd.) 0 18 10 700 Westport - Stockton 0 11 Coal (ord.) (2) 1 100 British Tobacco (cum div.) 1 16 2 700 Dunlop Rubber (2) 0 16 4 0 16 6 (4) 0 16 7 200 Electro. Zinc (ord.) 8 (2) 1 1 750 Alexander Mines (15s 6 paid) 0 17 (2) 0 17 7 (3) i 0 17 9 0 17 10 (3) 0 17 11 0 17 9 1000 Big River 0 2 3i (4) 0 2 4 400 King Solomon (2) 0 3 lOi 700 Maori Gully (3) 0 1 51 500 Nevis Diesel Electric 0 0 2 500 Skippers 0 0 42 ' Safes Reported. £ s, d. £300 N.Z. Govt. 4 p.c. Bonds, 1952-55 111 2 6 100 N.Z. Breweries (late sale March 20) 2 11 6 100 Dominion Fertiliser... 100 N.Z. Newspapers (late 1 2 0 sale March 20 1 11 0 200 Maori Gully 0 1 6i 100 Waihi 2 0 3 UNLISTED STOCKS. Sales on ’Change. £ s. d. 250 Argo Gold 0 1 41 100 B airy town 150 Woolworths (Sydney) 1 3 3 ord. cum div. (2) 4 6 6