COMMERCIAL NEWS

Ashburton Guardian, Volume 57, Issue 116, 26 February 1937, Page 7

COMMERCIAL NEWS

THE RESERVE BANK. THE WEEKLY STATEMENT. (Per Press Association.) WELLINGTON, February 25. A Gazette issued to-night contains the following statement of the assets and liabilities of the Reserve Bank of New Zealand as at the close of business on February 22: LIABILITIES—

GRAIN AND PRODUCE.

CHRISTCHURCH MARKETS. CHRISTCHURCH, February 25. New season’s grain came in steadily during the earlier part of this week, but to-day’s rainfall, which appears to be general over the province, will put a further stop to harvesting not only of wheat but of many other crops. The quantity of cocksfoot offering from the Peninsula has increased and oats also are coming in well. The following are quotations to farmers on trucks at country stations, sacks extra unless otherwise stated:— Fowl Wheat—G.W.F., 4s lid; undergrade, 4s 8d to 4s lOd (according to quality). Oats—Gartons, 2s 9d to 3s; Algerians, 2s 5d to 2s 8d; Duns, 2s 9d to 3s 3d (according to quality). Cocksfoot—6d to 9d (according to quality). Ryegrass—2s 3d to 2s 9d (according to quality); Italian, 2s to 2s 6d. White Clover—6d to 7d.

Cowgrass—6d to 7d. Partridge Peas—4s 6d. Flour—£l3 15s 6d, in 2001 b sacks. Bran—£4 15s to £5 5s (local price). Pollard—£6 ss> £6 15s (local price). Potatoes—£3 to £3 5s a ton (prompt delivery). Onions—£7 10s a ton (prompt delivery).

THE SYDNEY MARKET. SYDNEY, February 25. The wheat market is firm. Bagged grain is quoted at 5s 2d, - and bulk wheat in the country at 4s sd, which is equal to about ss, ex trucks, Sydney. Flour—£l2 15s. Bran —£5 10s. Pollard—£6. Potatoes —Tasmanian, £7 10s; Victorian, £6 10s. Onions Victorian globes, £l2; white, £lO. Maize —Yellow, 5s 6d.

SYDNEY WOOL SALES. KEEN DEMAND FOR, CHOICE FINE SYDNEY, February 25. At the Sydney wool sales 12,165 bales were offered and 11,420 sold, 1085 being disposed of privately. A feature to-day was the keen demand for choice fine wools. Yorkshire buyers were the largest operators. Greasy merino made 333 d. The market ruled at the best point of the week. THE SHARE MARKET. The following sales were made on the Christchurch Stock Exchange yesterday:— LISTED STOCKS. Sales on ’Change.

£ s. d. General reserve ... 1,500,000 0 0 Hank notes 12.752,949 0 0 Demand liabilities— State 6,351,439 17 7 Banks 11,741,264 11 1 Other 233,977 10 5 Time deposits Liabilties in cur- — rencies other than New Zealand curOther liabilities ... 144,074 10 2 Total 32,723,705 9 3 ASSETS— £ s. d. Reserves: Gold 2,801,790 0 0 Sterling exchange 18,804,394 6 9 Gold exchange ... — Subsidiary coin .... Discounts— 158,172 0 0 Commercial and agricultural bills Treasury and local ” body bills ..... —- Advances — To State or State undertakings: Dairy industry account 6,569,249 13 9 For other purposes To other public 1,800,000 0 0 authorities Other Investments 2,453,050 0 0 Bank buildings .... — Other assets 137,048 10 7 Total 32,723,705 9 3 Proportion of reserve to notes and other demand liabilities 69.518 per cent.

500 Com. Bank of Aust. £ s. d. (4) 0 19 4 0 19 3 100 Bank of N.Z. 2 4 0 100 National Insurance .. 0 18 0 100 Goldsbvongli, Mort . 300 Ivaiapoi Woollens (17s 1 17 8 paid) ... (3) 155 Kaiapoi Woollens (7s 0 14 1 paid) 0 5 5 200 Oamaru Woollens ... 1 0 0 150 N.Z. Breweries (2) 3 0 0

100 Anthony Hordern ... 1 0 9 75 British Tobacco 2 12 0 575 Broken Hill Propty. (2) 4 8 9 (2) 4 9 0 4 8 9 4 9 0 4 8 6 (4) 4 8 3 100 Broken Hill Propty. (contr.) • •• 3 16 6 3 16 0 300 Dunlop Rubber (2) 0 19 1 0 19 0 200 Electro. Zinc (pref., cum div.) (4) 3 3 9 100 Electro. Zinc (ord., cur div.) (2) 3 2 7 200 Gen. Industries (2) 0 19 10 100 G. J. Coles 5 11 0 5 10 9 5 10 6 200 Howard Smith (cum div.) (2) 1 3 11 400 Morts Dock (3) 0 15 3 0 15 2 100 United Provisions ... 0 10 11 150 Woolworths (Sydney, 2nd pref.) 1 6 3 1850 Mount Lvell (8) 2 14 6 (10) 2 14 5 2 12 9 2 12 11 2 13 0 2 12 11 (4) 2 12 10 1020 Mount Morgan 0 18 1 0 18 2 (3) 0 18 3 0 18 3* (5) 0 18 3 400 Rawang Tin (2) 0 13 6 (3) 0 13 3 Sales Reported. 10 Bank of N.S.W. (ex div.) 36 4 0 200 Bank of N.Z. (2) 2 4 0 60 Union Bank 10 19 6 100 Goldsbrough,, Mort ... 1 17 9 50 Electro. Zinc (ord., cum div.) 3 3 0 200 Morts Dock (2) 0 15 4 100 United Provisions ... 0 10 10 500 Moonlight Goldfields 0 0 10 850 Mount Lyell (2) 2 14 5 (2) 2 14 4 2 13 3 100 Mount Morgan 0 18 2 50 Woolworths (N.Z.), ord. , 7 7 0 200 Rawang Tin .. 0 13 4 50 Broken Hill South (cum div.) .. 2 14 4 50 G. J. Coles .. 5 11 6 UNLISTED STOCKS. Sales on ’ Change. 100 Alloy Steel (Aust., new) 1 0 10 150 Woolworths (Sydney. ord.) (3) 8 11 0 (2) 8 10 6 25 Woolworths (W.A.) •7 5 9