COMMERCIAL NEWS

Ashburton Guardian, Volume 56, Issue 205, 12 June 1936, Page 7

COMMERCIAL NEWS

THE RESERVE BANK.

THE WEEKLY STATEMENT.

\VELLING-TO’N,V June 11

A_ gazette issued to-night contains and liabilities of the Reserve Bank the foliowing statement of the assets of New Zealand as at the close of business on June 8:

LIABILITIES—

Timo deposits —- Liabilities in our--rencies other than New Zealand cur-

GRAIN AND Pnonuge. i CHRISTCHURCH MARKETS. CHRISTCHURCH, June 11. One of the few changes in _the grain and produce market this Week is a slight easing in the prices for G.W.I". 21nd under-grade fowl wheat, There is no life in. the partridge pea market. Samples on offer are mainly of poor quality, and no interest is being shown overseas. Farmers are still showing a, good quantity of wheat, for the dry weather has assisted them to get the ground ready for the winter sowing. ‘Supply and demand are small for oats, and quotations are unchanged.‘ The small seeds market is lifeless.

A quiet tone prevails on the potato? market. Supplies are good, but there} are few inquiries and prices are unchanged. Onion rates are also maintained at those quoted on Monday. A merchant said this morning, referring to the possibilities of the Sydney market, that it had been found difficult to get supplies of the desired quality. Although the Sydney market was . very strong, he added, there did not seem any chance of getting bulk shipments away on account of the quality problem. The following are quotations to farmers, on trusts, country stations, sacks extra except where otherwise stated :——- Potatoes—WVhites £4 108, Dakotas B 4 108, Sutton’s £4, 155 to £4 17s 6d, f.0.h.5.i.; whites £5 15s, Sutton’s £6 to £6 23 6d. .

Onions——£s 56 to £5 10s f.0.b., equal to £4 5s to farmers Wheat—Milling Tuscan 4s Bd, Hunters 43 10d, Peari 5s (all f.0.b.). Fowl Wheat—G.W.F., 3s 11d (on trucks); under-grade, 3s 6d to 3s 9d according to quality. Oats—Gartons 2s 2d to 25 6d, Alger—ian ls 9d to 23, 'D’uns 2s 361 to 25 6d according to quality). ~ Cocksfoot—Bd to 9d (according to quality). Ryegrass—2s to 2s 3d, according to qgality; Italian ryegrass, ls 9d to 2s 3 . Part-ridge Peas—Undergrade. 33 6d, good quality, 43 6d to 53, according to quality. Feed Barley—23 to 23 4d, according to quality; very bright best quality, 23 6d.

Cowgrass~4d to sd. WVhite Clover—7d to 10d. Pollard—Large £6 155, small £7 58. Bran—Large £4 153, small £5 58. AUSTRALIAN PRODUCE MARKETS SYDNEY, June 11. Wheat—on country sidings 23 11%, equal to about 35: 6d ex trucks, Sydney. Flour—£9 lOs. Bran~£6 10s. _ Pollard—£6 15s. Potatoes—Tasmanian to £9, others £7. Onions—Victorian brown £ll 105 to £l2. Maize—Yellow 4s 10d, white 55. ADELAIDE, June 11. Wheat—Gummy lots 33 4d. ]f‘lour—-Bakers’ lots £9 23 6d. ].’ollzx.l'd——£6 10s. Oats—Algerian 23 Id. Barley——2s.

ADELAIDE WOOL SALES. BELOW FEBRUARY LEVELS. ADELAIDE, June 11. Prices of all good quality fleece Wool at the Adelaide wool sales to-day were 5 to '77} per cent. lower than Feb—ruary levels. Inferior lots dropped 10 per cent. Lack of Japanese competition was

not responsible for the fall of better types, which at times enjoyedi keen competition, but their absence was noticeable in sales of inferior lots, of which Japan usually buys large quantities. ’

THE SHARE MARKET.

The following sales were made on the Christchurch Stock Exchange yesterday : Sales on ’Ghange.

Salas Reported.

UNLIS’I‘ED STOCKS. Sales on ’Change.

Sales Reported.

DAIRY PRODUCE IN LONDON. ‘ BUTTER QUIET AT 1123. The South Island Dairy Association, Ltd. , has received the following market report from the N.Z. Produce Association, Ltd. 'London, dated June 10: Butter—Quiet, 112 s; Danish 120$. Cheese—Quiet; whit-e and coloured 615 (id to 625. ~ ' NEW ZEALAND MEAT IN LONDON. The New Zealand Meat P-roducel's’ Board has been advised by its London manager that the following retail pl‘lces

were quoted for New Zeala-nd lamb and mutton retailed in London during May. These prices represent a fair average quoted by the better class shops for the best quality:— Lamb—Legs 12d per Ib, shoulders 11d, loins 11d, necks 6d, breasts 3d, forequarters Bd, hindquarters 11d. Mutton, (wetl‘xers)———Legs 9d, should:ers Bd, loins Bd, necks 3d, breasts 2d.

SHEEPSKIN SALE. PRICES AT CHRISTCHURCH. (Per Press Association.) CHRISTCHURCH, This Day . The Christchurch Woolbrokers’ Association held their weekly skin sale yesterday before the usual buyers ; fairsized. catalogues were submitted, competition was sound and prices showed little alteration from rates ruling at the previous sale. The following is the range of prices:

Sound. Fault)" d. d. d. d.

Green Skins.

£ 5. (I. General reserve 1,500,000 0 0 Bank notes 10,018,770 10 0_ Demand liabilities— Stat-e 9,745,831 8 7} « Banks 7,324,020 l5 9 Other 93,830 6 2

reney —— Other liabilities 82,083 14 3 Total £28,764,536 .14 9 ASSETS— £ 5. (1. Reserves: Gold 2,801,733 0 0 Sterling excge. 23,487,819 3 2 I Gold exchange I — Subsidiary coin 200,647 6 9 Discounts— Commercial and agricultural bills ' —-- V Treasury and local body bills —— Advances—To State or State undertakings .. — To other public authorities —-— Other —- Investments 2,014,967 0 3 Bank buildings —- Other assets 259,370 4 ,7 Total £28,764,536 14 9 Proportion of meserve to notes and other demand liabilities 96.715 per cent.

, £ 8. d. 1000 Brian Boru 0 0 3; ‘ 500 Waimumu Sluicing 0 0 6:} 1000 Mount Morgan 0 14 11 0 15 0 (2) 0 15 1; (2) 0 15 2 0 15 3 0 15 21,? ' 0 1.5 2 200 Com. Bank of Aust. 5 (2) 0 19 2 25 E., 8., and A. Bank 6 4 O 50 Bank of New Zealand (cum div.) 2 5 3 200 National Insurance: (2) 0 18 1 100 Goldsbrough, Mort (cum div. 1 12 1 100 Kaiapoi Woollens (17s paid) 0 15 3 100 Christchurch Gas 1 12 9 200 New Zealand Breweries (ex div.) (2) 2 13 2 50 Broken Hill Propty. 3 11 0 200 Broken Hill Propty. 2 9 0 2 8 6 (Contr.) 2 8 3 400 Consolidated Brick (2) O 10 8 (2) O 10 6 100 Dunlap Rubber O 17 10

750 Mount Morgan ' 0 15 13; 0 15 2 0 l5 3 0 '15 2% 50 Bank of New Zealand (cum div.) 2 5 3 100 N.Z. Refrig. (105 pd) 0 9 8 100 Auckland Gas 1 5 9 564 N.Z. Breweries (cum div?) (late sale Wed.) 2 14 1 300 Broken Hill Propty. 3 11 0 (3) 3 11 6 100 Electra. Zinc (pref.) 2 O O 150 C. J. Coles 3 19 7 3 19 9 600 Hume Pipe (Aust.) 1 0 2 (2) 1 0 4 100 Broken Hill Propty. (contr.) 2 9 0

500 Selfridges (A'lasia, new) (5) 1 5 3 75 Woolworths (Sydney) ' (0rd. ex rights) 5 8 6 5 9 3 5 9 6

200 Selfridges (Alasia, new) (late sale Wed.) 1 5 4- ' 1 5 6 100 |Self'ridges (A/asia, 4' new) 1 5 3 600 Selfridges (A/asia, v old) (late sale Wed.) (3) 1 5 6 1 5 9 1 5 8 100 Shillings, Ltd. (7s 6d paid) 011 6 50 \Voolworths (Sydney), ' (ord., ex rights (2‘) 5 9 6

Halfbred: 5% to full woolled 101.; to 12k 95 to 10% % wo-olled 9% to 9%;— —— 7% Short to 1,; woolled, 8 —— 5% Three~quarterbred : it to full woolled —— 9% 8;} to 8% k woolled 8i to 9 —— 652 Short to & woolled —- 6% -- 5% Crossbred: =2 to full wo‘olled 81.; to 82- — 7 & woolled —— 8;} 6 to 6}; Short to i woollcd —— 62 —— 5% Merino: a} to full . woolled 11 to 1171-102; to 11 % woolle'd 8 -—- 7 —— Hogget: fi-bred 10% to 104}- 9% to 10 %-bred —— 9%} -— 8 X-bred —.— 8% -—— 8 Pelits: — 6% —- 4%

' s. d. s. d. Half-bred 3 1 to 11 10 Three-quarter-bred 3 0 to 9 8 Crosybred 3 0 to 7 b