COMMERCIAL NEWS

Ashburton Guardian, Volume 56, Issue 17, 1 November 1935, Page 7

COMMERCIAL NEWS

THE RESERVE BANK.

THE WEEKLY STATEMENT. '■ (Per Press Association). WELLINGTON, October 31. A Gazette issued to-night contains a statement of assets anc( liabilities of the Reserve Bank of New Zealand as at the close of business on October 28:—.

SHEEPSKINS DEARER. PRICES AT CHRISTCHURCH. CHRISTCHURCH, This Day. The Christchurch Woolbrokers’ Association reports having held its weekly skin sale yesterday. Bidding was keen and prices were still a little up on last week’s sale. The following is the range of prices:— l . „ Soutid. Faulty, d. d. d. d.

GRAIN AND PRODUCE.

CHRISTCHURCH MARKETS. CHRISTCHURCH, October 31. This has been an exceedingly quiet week in the Christchurch grain and produce market. The only change from last week’s quotations is a slight advance in the .price of fowl wheat, the Wheat Purchase Board’s stocks being exhausted in the meantime. Oats remain stable after a slight firming m the previous week. ... There is still no movement in the potato market. Some farmers are ready to sdl, but there are no orders to fill and it can be assumed that the season is practically over. One merchant said to-day that if any further business were done it would he at a. price m the vicinity of from £7 10s to £8 a ton. ■lt is expected that recent rains will result in a demand for small seeds, but this has so far not been in evidence. The following are quotations for produce paid to farmers on trucks, free of commission, sacks extra, except where otherwise stated: — Milling Wheat—October delivery: Tuscan 4s sd, Hunters 4s 7d, Pearl and Velvet 4s 9d, f.o.b. Selling prices to millers for October (all f.0.b.): Tuscan 5s o£d, Hunters 5s 2£d, Pearl and Velvet 5s 4£d. Fowl Wheat—To 4s, South island. , . Bran—Local, £4 15s; shipping, £4 10s. Pollard-Local, £6 ss; shipping, £5 10s. Flour—Local £l2 7s; shipping £ll 12s, with the usual increments tor smaller lots. Partridge Peas—4s 9d to 5s 3d (nominal). , , „ ~ Oats—Gartons 2s 9d to 3s 3d; Alger-, ians, 2s 5d to 2s 9d; Duns, 2s 9d to 3s 6cl (according to quality). Chaff —£3 5s (nominal). Barley—2s 6d to 3s, according to quality. Linseed—£l2 to £l3, according to quality. Cocksfoot—Akaroa, 9£d to lid. Ryegrass—Perennial, Italian and Western Wolths, 29 9d to 3s 3d. Clovers—White 6d to 9d; red 7d to 9d.

PRODUCE IN AUSTRALIA. SYDNEY, October 31. Wheat—At country sidings, bagged 2s lid, bulk 2s 10Jd a bushel, equal to about 3s 6d ■to 3s 6£d ex trucks, Sydney. Flour—£l2 7s Gd a ton. Bran and; Pollard —£5 10s a ton,.

Potatoes—Tasmaffian £l4 10s, local to £l2 a ton.

Onions—Victorian brown, £l2 a ton. Maize Yellow and white, 5s a bushel.

ADELAIDE, October 31. Wheat—Growers’ lots, 3s ssd a. bushel.

Flour—Bakers’ lots £lO 12s 6d a ton. Bran—£s 7s 6d a ton. Pollard—£s 12s 6d a ton. Oats—Algerian Is lOd a bushel. Barley—2s 3d to 2s 4d a bushel.

SYDNEY WOOL SALES.

ACTIVE JAPANESE COMPETITION

SYDNEY, October 31. At the wool sales 12,930 hales were offered, 11,604 were sold at auction and 3240 privately. Japanese competition was particularly active for medium and ordinary fleece wools, whilst Yorkshire spinneis and the Continent competed strongly for deeper crown and better-class fleece. Bidding for faulty lines was irregular. Greasy merino made to 22£d.

AMERICAN WHEAT QUOTATIONS.

NEW| YORK, October 30. Wheat quotations are as follow: Chicago: December 97$ cents a bushel, May 975, July 88|. New York: Cash, 130 o-8 cents.

THE SHARE MARKET. The following sales were made on the Christchurch Stock Exchange yesterday:- gTOCKSi Sales on ’Change. £ s. d.

LIABILITIES— £ s. d. Paid-up capital ... 500,000 0 0 General reserve ... 1,000,000 0 0 Bank notes 8,050,612 0 0 Demand liabilities— (a) State 5,691,330 7 1 (b) Banks 4,495,910 11 687,267 7 10 (cj Other Time deposits 1 Liabilities in currencies other than New Zealand currenujr Other liabilities ... 97,025 14 0 Total £21,422,165 0 0

ASSETS— Reserves: (a) Gold £ s. d. 2,801,732 10 0 (b) Sterling exge 16,831,482 1 8 (c) Gold exchange 218,026 6 10 Subsidiary coin ... Discounts — (a) Commercial & agricultural bills (b) Treasury and local body bills State undertakings ..... — (b) To ’other public authorities . — (c) Other .'. — Investments 1,529,936 18 0 Bank buildings ..... — Other assets 40,927 3 6 Total £21,422,155 0 0 Proportion of reserve to . notes and other liabilities 99.03 per cent.

Halfbred — Tliree-quarter to full-woolled ... 10 to. 10-J to 92 Half-woolled ... 72 62 to 8 Short 5i 42 Three-quarterbreds— Tliree-quarter to full-woolled ... 92 72 Half-woolled ... 7-2 — Short 42 Crossbred — Three-quarter to ful 1-wool ed ... 82 62 Half-woolled 6 42 Short 32 4 Merino — Three-quarter to full-woolled ... —• — Hoggets— Half bred 92 92 Three-quarterbred 8 62 Crossbred 8 62 Pelts 32 2 Green Skins. s. d. s. d. Halfbred ... 7 6 to 13 7 Three-quarterbred to 10 1 Crossbred ... 4 1 to 9 6 Hoggets to 7 0 Lamb skins ... 1 9 to 2 6 Pelts . ... 0 9 to 1 6

195 N.Z. Refrig. (£lpd.) 100 N.Z. Breweries 100 Broken Hill Prop. , (cum div.) (*) 200 Broken Hill (rights) vG 1 1 2 2 2 2 2 12 12 14 6 0 0 1 9 1 1 0 3 3 2 0 0 0 1 1 9 5 5 0 19 0 16 0 1 1 2 1 100 Consolidated Brick 200 G. J. Coles (3) 400 N.Z. Newspapers (4) 100 Mount Lyell 500 Skippers 100 Dunlop Rubber Sales Reported. 6 1 21 3 d. £ s. 100 Mount Morgan ... 1 17 1 200 Taupo Totara Timber (liref., 16s paid) ... 0 15 9 112 N.Z. Farmers’ Fer0 19 0 tiliser (odd lot) 100 G. J. Coles (late sale Wednesday) 3 5. 3 100 G. J. Coles (2) 3 5 3 200 Dunlop Rubber ••• 0 16 1 100 Consolidated Brick 0 9 1 800 Staples 1 1 12 12 3 5

200 Mortgage Corpn. (5s paid) ... — 0 5 5 100 South British Insurance 4 7 6 £400 Ch.Ch. City 4£ p.c., 31/3/1940-47 102 10 0 £500 Ch.ch. City 4-i p.c., 31/3/1939 102 0 0 £1000 N.Z. Govt, 5$- p.c. Ins., 1939-43 102 12 6

UNLISTED STOCKS. Sales on ’Change. £ Sale Reported. £ 40 Woolworths (Sydney, s. d. s. d. ord.) 1300 Argo Gold Dredging .5 11 6 (3) 0 1 3 10 Christchurch Press 11 0 O 1000 Argo Gold Dredging 0 1 3 25 Christchurch Press 11 0 0