COMMERCIAL NEWS

Ashburton Guardian, Volume 56, Issue 81, 17 January 1936, Page 7

COMMERCIAL NEWS

GRAIN AND PRODUCE. CHRISTCHURCH MARKETS. (Special to the "Guardian.") CHPJSTCHURCH, January 16. As the grain season approaches, quotations are beginning to .appear for various varieties. The general indications are that crops will be large, and with the carry-over in some cases, prices will be fairly low. Ryegrass samples are of good quality and indications are for a big crop. There is also a large carry-over from last year. • The cocksfoot crop is expected to be late and there will not be any in store for about a month. It is anticipated that the crop this season will be better than last year. - Red clover prices will probably be low this season as there is a good crop ' and a large carry-over. A smaller crop of white clover is expected, but Fescue and crested dog-tail varieties are looking well in the south. Quotations for oats are now being made. Algerians are of very good quality. Potatoes are quoted for April, May, June delivery at £3 to £3 os ex country stations and £4 10s f.o.b. Following are other quotations: — Ryegrass—ltalian, Is 6d (on trucks) ; perennial, Is 6Jd. Oats—Algerian, Is 6d to Is 9d; Gartons, Is lOd to 2s. , / Bran—Local, £4 15s; shipping, £4 10s. „ , . . nK Pollard—Local, £5 15s; shipping, £5. Flour —Local, £l2 7s; shipping, £ll 12s, with the usual increments for smaller lots. AUSTRALIAN MARKETS. t SYDNEY, Jan. 16. "Wheat—Country sidings, bagged and bulk, 3s 2Jd, equal to about 3s 9d, ex trucks, Sydney. Flour—£l2 12s 6d. >Bran—£s ss. Pollard—£s 10s. Potatoes—JTasmanian, £9 to £9 10s; others, £6. , Onions—Victorian and Queensland Globe, £lO. Maize—Yellow, 5s 9d and 5s lOd. ADELAIDE, Jan. 16. Wheat—'Growers' lots, 3s 7^d. Flour—Bakers' lots, £l2 7s 6d. Bran—£s 7s 6d. Pollard—£s 12s 6d. Oats—Algerian, Is 9d. THE RESERVE BANK. THE WEEKLY STATEMENT. WELLINGTON, January 16. 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 13:— LIABILITIES—- £ s. d. Paid-up capital ... 500,000 0 0 General reserve ... 1,000,000 0 0 Bank notes ......... 10,390,744 0 0 Demand liabilities—(a) State 4,027,643 0 8 (b) Banks 9,949,080 17 5 (c) Other 514,660 0 4 Time deposits Liabilities in. currencies other than New Zealand currency Other liabilities .... 117,149 11 2 Total £26,499,277 9 7 ASSETS—- £ s. d. Reserves: . (a) Gold 2,801,733 0 0 (b) Sterling evge 21,705,071 9 5 (c) Gold exchange Subsidiary coin .... 193,452 16 9 Discounts—(a) Commercial & agricultural bills (b) Treasury and local body bills State undertakings (b) To other public authorities . - invltS:;;;;;:: 1,771,470 s 1 Other assets 27,549 15 4 Total £26,499,277 9 7 Proportion of .reserve to notes and other liabilities 98.491 per cent. DAIRY PRODUCE. ' THE MARKET IN LONDON. The South' Island Dairy Association, Ltd., received the following market report from the New Zealand Produce Association, Ltd., London, dated Janu--118 s to 120 s. . ~ Cheese—Dull. White, 54s to 54s od, coloured, 58s to 595. MINIMUM PRICES.

WELLINGTON, January 16. The New Zealand Dairy Board has fixed the minimum price for f.o.b. ana c-i f sales on the,bases of butter lid and cheese s£d- These minimum prices are subject to agents' selling commission of li per cent., and are equivalent to butter 89s Id c.i.f.e. and cheese 49b 7d c.i.f.e. NEW ZEALAND REFRIGERATING COMPANY. DIVIDEND OF 5h PER CENT. The annual accounts of the New Zealand Refrigerating Company, Ltd., will he issued to shareholders shortly, showing an amount of £104,843 lisi 9d available for appropriation, including £29,173 3s 2d brought forward from last year. The directors recommend a dividend of 5J per cent., writing off

buildings and plant in addition to the provision already made, £20,000, restoring the rebuilding reserve of £20,000, and carrying forward £29,846 10s 9d. „ ~ , The balance available for appropriation last year was £124,170 4s 2d, including £33,217 12s 8d brought in. Dividend was 5£ per cent. THE SHARE MARKET. The following sales were made on the Christchurch Stock Exchange yesterday :— - LISTED STOCKS. Sales on 'Change.

100 Bank of' N.Z. (2) 2 7 u. 6 100 Golclsbrough Mort. ... 1 13 1 100 N.Z. Guarantee Corp. 0 5 0 100 Christchurch Gas 1 17 0100 Anthony Hordern .... 1 1 0 300 Consolidated Brick ... 0 10 9 400 Dunlop Perdriau Rubber ... (2) 0 16 4 100 Electro. Zinc (pf., cum div.) 1 19 3 100 Mount Lyell 1 0 9, 300 Big River 0 2 0 Sales Reported. £ B. d. 300 Natl. Insurance (late sale, Jan. 15) 0 19 0 100 N.Z. Insurance (late sale, January 15), (cum div.) 3 1 0 200 N.Z. Insurance (cum div.) 3 1 3 1 0 3 100 Standard Insurance(2) 3 4 6 50 Broken Hill Pty. ... 2 19 1 100 Hume Pipe (Aust.) ... 0 15 9 500 Mahakipawa 0 0 •<H 200 Mount Lyell (late sale, January 15) ,1 0 9 200 Mount Morgan (2s 6d paid) ... (2) 0 18 9 UNLISTED STOCKS. Sale on 'Change £ s. d. 50 Woolworths (Sydney), ord., ex div. 6 0 0 Sales Reported. 50 Woolworths (Sydney), (ex div.) (late sale > January 15) 6 0 6