COMMERCIAL NEWS

Ashburton Guardian, Volume 56, Issue 75, 10 January 1936, Page 7

COMMERCIAL NEWS

GRAIN AND PRODUCE. CHRISTCHURCH MARKETS. CHRISTCHURCH, January 9. Although, harvesting has been going on in parts of the country for the past two or three weeks, samples of grain have not yet come to hand, so that no prices can be quoted. Oat samples are expected next week. The only quotations for potatoes up to the present are £3 5s on trucks i>r the April-June delivery. The following produce prices are quoted:— Bran—Local, £4 15s; shipping, £4 10s. • Pollard—Local, £5 15s; shipping, £5. Flour —Local, £l2 7s; shipping, £ll 12s, with the usual increments for smaller lots. AUSTRALIAN MARKETS. SYDNEY, January 9.' Wheat—Country sidings, bagged and bulk, 3s equal to about 3s 8d ex trucks. Flour—£l2 12s 6d a ton. Bran—£s 5s a ton. Pollard—£s 10s a ton. Potatoes—Tasmanian £8 10s, others £6. Onions—Victorian Globe £9, Queensland £9 a ton. Maize—Yellow 5s 9d a. bushel. ADELAIDE, January 9. Wheat-Growers’ lots 3s 7^d. Flour—Bakers’ lots £l2 10s. Bran—£s 2s 6d. Pollard—£s 7s 6d. Oats—Algerian Is Sd. Barley—ls lOd, THE RESERVE BANK. THE WEEKLY STATEMENT. WELLINGTON, January 9. 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 January 6:— LIABILITIES—- £ s. d. Paid-up capital ... 500,000 0 0 General reserve ... 1,000,000 0 0 Bank .notes 10,612,645 10 0 Demand liabilities — (a) State 3,984,016 16 9 (b) Banks 9,549,567 6 o (e) Other 447,809 / 7 Time deposits Liabilities in currencies other than New Zealand curOther liabilities Total £26,205,703 1 8 ASSETS— ' , £ s. d. Reserves: (a) Gold 2,801,733 0 0 (c) Sterling exge 21,395,507 811 (e) Gold exchange —• _ Subsidiary coin .... 195,302 18 3 Discounts—(a) Commercial & agricultural bills (b) Treasury and local body bills State undertakings ~* (b) To other public authorities . “ Investments 1,7 !m 565 10 0 Other assets 46,565 10 0 Total £26,205,703 1 8 roportion of reserve to notes and , other liabilities 98.38 G percent THE SHARE MARKET. The following sales were made on the Christchurch Stock Exchange yesterday ■- LISTED STOCKS. Sates on ’Change.

UNLISTED STOCKS. Safe on ’Change £ s. d. 1000 Argo Gold Dredging (ex. div.) ... (3) 0 1 5 100 Woolworths (Sydney) (ord.) (2) 519 9

SYDNEY WOOL SALESL FIRMING TENDENCY CONTINUES. SYDNEY, January 9. At the wool sales 12,000 bales were offered, 11,477 sold, and 1697 disposed of privately. The lirmer tendeny continued, and the range of values now shows an advance of 5 to 7£ per cent, on the closing rates before Christmas. Greasy merino sold to 26d. The average price of wool during

the first three, days this week was 14.8 d per lb or £l7 17s 6di a bale.

DAIRY PRODUCE, IN LONDON,

The South Island Dairy Association, Ltd, has received the following market report from the New Zealand 1 roduce Association, Ltd., London:— Butter —Weak, 57s to 57s 6d;- coloured 61s to 625.

CAIC9 V/i» wm-'ow £ s. a. £400N.Z. Govt. 4 p.c. Ins., 1937-40 102 15 0 200 Com. Bank of Aust. 0 0 18 18 7 9 30 Com. Bank Sydney (2) 18 IS 10 11 0 0 15 Natl. Bank of Aust. 0 9 (£5 paid) 7 2 50 Bank of N.Z. 100 Timaru Brewery (7s 2 0 7 9 6d paid) 3 1000 Dunlop Perdriau Rubber ... (3) 0 16 0 0 16 3 (2) 0 16 6 (4) 0 16 7 200 Hume Pipe (Aust.) 0 15 6 (2) 100 N.Z. Newspapers 2 1 7 2 1 3 400 Mount Lyell (3) Sales Reported. 1 0 6 d. £ s, £600 N.Z. Govt. 4 p.c. Ins., ; o 1937-40 . 102 15 £1000 N.Z. Govt. 4 p.c. Ins., 1952-55 105 2 6 20 Bank of N.S.W. 33 0 0 33 5 0 20 Dalgety and Co. 8 10 0 100 Howard Smith 0 19 0 300 Mount Lyell 1 0 6 1 0 8