COMMERCIAL NEWS

Ashburton Guardian, Volume 55, Issue 290, 20 September 1935, Page 7

COMMERCIAL NEWS

THE RESERVE BANK.

THE WEEKLY STATEMENT. (Per Press Association). WELLINGTON, September 19. A 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 September 16:

LIABILITIES—- £ s. d. Paid-up capital ... 500,000 0 0 General reserve ... 1,000,000 0 0 Ban notes 8,780,043 10 9 Demand liabilities—(a) State 10,267,395 6 G (b) Banks 3,818,345 12 2 (c) Other 703,978 19 0 Time deposits Liabilities in currencies other than New Zealand curOther liabilities ... 73,760 18 2 Total £25,143,524 5 10 ASSETS— * £ s. d. (b) Sterling exge 19,987,863 2 3 (c) Gold exchange Subsidiary coin ... 217,039 3 1 Discounts — (a) Commercial & agricultural bills (b> Treasury and local body hills Advances — (a) To State or State undertakings (b) To other public authorities . (c) Other „ —‘ _ Investments 2,102,858 12 0 Bank buildings .... —* Other assets 34,030 19 1 Total £25,143,524 5 10 Proportion of reserve to notes and other liabilities 96.69 per cent. THE SHARE MARKET. The following sales were made on the Christchurch Stock Exchange yesterday : LISTED STOCKS. Safes on ’Change. £ s. d. 200 N.Z. Guarantee Corp. 0 o 4 150 N.Z. Refrig. (£1 pd) A 1 o 200 N.Z. Refrig (10s pd) 010 2 50 New Zealand Brewer--16 5... ••• 2t xx. 50 Tooth’s Brewery ... 214 5 100 British Tobacco (cum div.) e 119 l 1100 Mahakipaya ••• q q i| 100 Mount Lyell ••• 018 9 150 Mount Morgan (cum div ) ••• (2) 11/ a) 117 4 Sales Reported. £ s. d. 3500 Mahakipawa ••• . 9 9 0 0^ 0 o 11 500 Gillespie’s Beach ... 0 1 1^ 50 Whitcombe and Tombs 318 0 169 N.Z. Farmers Co-op. (10s paid) 0 0 3 400 N.Z. Refrig. (10s pd., late sale, Wed.) ... 010 1 £2OO N.Z. Govt. 4 p.c. Ins., 1946-49 ... 109 10 0 « UNLISTED STOCKS. Sales on ’Change. £ s. d. 500 Argo Gold ... 0 13 PRODUCE IN AUSTRALIA. SYDNEY, September 19. Wheat—Country sidings, bagged' 2s lid, bulk 2s lid, equal to about 3s 6d to 3s 7d, ex trucks, Sydney. Flour—£ll 17s 6d. Bran and Pollard —£5 15s. Potatoes—Tasmanian, £l6 to £l3. Victorian —£12 10s. Onions —Victorian Brown, £l2. Maize —White and yellow, 4s 9d. ADELAIDE, September 19. Wheat —Growers’ lots, 3s 54 d. Flour—Bakers’ lots, £l2 12s 6d. Bran—£s 7s 6d. Pollard—£s 12s 6d. Oats —Algerian, Is 9d to Is lOd. GRAIN AND PRODUCE.

CHRISTCHURCH MARKETS. CHRISTCHURCH, September 19. The rise in the price for potatoes last week has been continued, and rates this morning showed a further advance. The supply is still short, being mostly from .store. Dakotas are quoted at £8 10s, a rise of 10s on previous quotations, and Sutton’s are selling at £8 10s, which is £1 10s more than last Thursday’s price. Whites are selling at £8 to £8 ss, compared with £7 a week ago. . , A boat has been dispatched to Timaru with 7000 or 8000 sacks of potatoes, of which there are 1500 sacks of seed, and this should be sufficient to meet demands there in the meantime. The demand in the north is fairly good, although there is Very little offering. Wheat prices are steady and show no alteration from those previously published. , . There has been a slight hardening in the market for bran and pollard. Other lines are unchanged. Farmers are rid now of nearly all their stocks, and unless the Home market shows a. sudden livening of interest, it is unlikely that any changes will bo brought about. Following are nominal prices quoted to be paid to farmers on trucks at country stations, sacks extra unless otherwise mentioned:— Milling Wheat —September delivery: Tuscan 4s sd, Hunters 4s 7d, Pearl and Velvet 4s 9d, f.o.b. Selling prices to millers for September (all f.0.b.); Tuscan 5s o§d, Hunters 5s 2Jd, Pearl and Velvet 5s 4-id. Fowl Wheat—3s 9d to 3s 10d on trucks, South Island. Ex-Wheat Pui" chase Board, 4s Id f.o.b. for North Island only and 4s 4d for South Island. Potatoes—Prompt delivery, Sutton’s Supreme £8 10s, Dakotas £8 10s, on trucks; white, £8 to £8 15s, on trucks. Bran—Local, £4 15s; shipping, £4 10s.

Pollard—Local, £6 ss; shipping, £5 10s. . ... Flour—Local £l2 7s; shipping £ll 123, with the usual increments for smaller lots. Partridge Peas —4s 9d to 5s 3d (nominal). ~ Oats —Gartons 2s 6d to 3s, Algerians 2s to 2s 3d, Duns 2s 9d to 3s 3d, according to quality. Chaff—£3 5s (nominal). Barley—2s 6d to 3s, according to quality. Linseed—£l2 to £l3, according to quality. Cocksfoot—Akaroa, to lid. Ryegrass—Perennial, Italian and Western Wolths, 2s 9d to 3s 3d. Clovers—White 6d to 9d; red 7d to 9d.

DAIRY PRODUCE The South Island' Dairy Association, Ltd., has received the following market report from the New* Zealand Produce Association, Ltd., London: Butter —Bull; very little doing. 108 s to 109 s. Dutch, 1255. Cheese—Quiet. White and coloured, 555.