COMMERCIAL NEWS

Ashburton Guardian, Volume 58, Issue 40, 26 November 1937, Page 7

COMMERCIAL NEWS

I THE RESERVE BANK. I £ THE WEEKLY STATEMENT. 1 (Per Press Association.) g WELLINGTON, November 25. g A Gazette issued to-night contaii g the following statement of the assei g and liabilities of the Reserve Bank < New Zealand as at the close of busine on November 22: | LIABILITIES—g £ s. c g General reserve ... 1,500,000 0 g Bank notes 13,263,032 0 Demand liabilities— State 4,486,958 n 7 Banks 7,438,766 15 Other 553,136 3 Time deposits liabilities in currencies other than g New Zealand curjs rency 62,218 15 g Other liabilities, ... 158,606 16 % . g Total 27,462,719 7 | ASSETS—g £ s. d Reserves: Gold 2,801,791 0 j 5 Sterling exchange . 16,552,343 16 Gold exchange ... Subsidiary coin ..... 83,463 16 g Discounts—g Commercial and g . agricultural bills g Treasury and local g body bills g Advances—g To State or State g undertakings; £ Dairy industry ac- ? count 4,585,014 2 I | For other purposes 700,000 0 ( g To other public Is authorities J Other i jj Investments 2,658,325 0 ( 2 Bank premises 2 Other assets 81,781 13 1 % Total 27,462,719 7 £ S Proportion of reserve S to notes and 5 other demand 5 liabilities 74.943 per cent. 5 0 -- * - 0 . * * • s GRAIN AND PRODUCE. 0 * 0 s 0 \ CHRISTCHURCH MARKETS. s 0 0 ! 1 * : CHRISTCHURCH, This Day. ; The present is a very quiet period in ; the local grain and produce market and • practically no business is passing. Quo- « tations for fowl wheat are purely nomiI nal. | The following are quotations to farmI ers on trucks at country stations, sacks ; extra unless otherwise stated: — i Milling Wheat—F.a.q. Tuscan 5s sd, j Hunters 5s 7d, Pearl 5s 9d f.o.b. ! Fowl Wheat—G.W.F., 5s lOd. \ Oats—Gartons, 2s 6d to 3s; AlgerI ians, 2s 8d to 3s; Duns, 2s 6d to 3a I 3d (according to quality), j Cocksfoot—4d to lOcl (according to quality). Ryegrassr-Perennial, 2s 9d to 3s 3d (according to quality); Italian, 2s 6d to 3s. White Clover—Bd to lOd. Cowgrass—6d to Bd. Partridge Peas —4s 3d to 5s 3d (according to quality); under-grade, 3s to 3s 6d (according to quality). Flour—£l3 15s 6d, in 1001 b sacks. Bran—£4 15s to £5 5s (local price). Pollard—£6 5s to £6 15s (local price). Chaff—£3 10s to £3 15s (according to quality). SOUTH CANTERBURY. TIMARU, This Day. With the exception of fowl wheat there is very little activity in the South Canterbury grain, seed and produce markets this week. There has, 1

2 however, been a fair amount of forward inquiry for oats and potatoes. Fowl wheat is in good demand at 5s 9d a bushel, f.o.b. The market for oats is still being supplied with cheap oats from Bluff. Nominal quotations are: A Gartons 2s lid, B’s 2s 9d, Algerians 3s 2d, and Duns 3s 6d a bushel on trucks. Partridge peas: No. Us are worth 5s a bushel on trucks. The value of chaff is £3 10s a ton on trucks. New potatoes are now coming on to is the market and there are fortunately ;s very few old ones to clean up. For>f ward quotations are: Sutton’s £4 10s ss and whites £4 5s a ton on trucks. There ; s very little local demand for grass send owing to the dry conditions, . but there is a little better inquiry from q the North Island for special lines. Nomq inal quotations are: Ryegrass 3s 3d a bushel on trucks, cocksfoot 7d to 8d g lb, cowgrass 7d lb, white clover 8d lb. 2 0 THE SYDNEY MARKET. SYDNEY, November 25. 0 The wheat market is weak, in symq pkathy with the overseas trend. New silo grain is selling at round 4s 7d, Z and bagged at about 4s lOJcl. Flour—£ll 10s. Bran and Pollard—£7. . Potatoes —Tasmanian, £4; others, £3 10s. q Onions—Brown, £8 to £9. Maize —Yellow and, white, 4s 9d. 9 THE SHARE MARKET. The following sales were made on the Christchurch Stock Market yesterday : LISTED STOCK. 3 Sales on ’Chang©. )

Sales Reported,

RABBITS'KINS SALE. DUNEDIN, November 25. Tlie first summer sale of rabbitskins was held today, when the combined brokers offered a medium catalogue to a full bench of buyers. The offering comprised principally summers, springs, and, milkies, and considering the depressed state of the overseas markets it sold at fairly satisfactory rates. Outgoings and winter grades declined up to 18d, spring bucks and does Bcl to 14d, summer broken sd, and summers sd. For a small parcel of first winter bucks 52£d was realised. The following is the official range of prices:—Small 10£ per lb, runners, 10Jd, racks, summer does 15^d to 152 d, summer bucks, 14|d to ISfd,

spring bucks 20d to 23d, spring does 16Jd to 20Jd, spotted winters 30d to 32fd, first winter bucks first winter does 36d, second winter bucks 43d, second winter <3OOB 30d, milky 153 dto 10fd, summer fawns lOd, spring blacks 10d, outgoing blacks 12d, winter blacks 18d to 24d, bareskins 8d to 9 2d.

£1000 N.Z. Govt. 4 p.c , stock, 1943-46 103 0 0 200 Comm. Bank of Aust. (2) 0. 16 11 100 Bank of N.Z. (2) 700 N.Z. Refrig. (10s pd.) 2 4 8 (3) 0 9 6 100 N.Z. Breweries (2) 250 Broken Hill Propty. 2 5 0 (5) 2 19 6 100 Broken Hill Propty. (rights) .... ... 1 7 9 100 Electro. Zinc (ortl.) (2) 2 5 3 50 Electro. Zinc (pref.) 2 8 6 100 G. J. Coles ... (2) £100 N.Z. Farmers'' Co-op. 4 2 11 (4$ p.c. stock, 1940) 91 10 0 100 Woolworths (Syd., • ord.) 1 5 0 150 Broken Hill South (2) 1 15 10 1 15 4 ,650 Mount Lyell (5) 1 12 2 1 11 10 1 11 9 1 11 8 * 1 11 7 (2) 1 11 8 100 Mount Morgan O 11 5*

200 Comm. Bank of Aust. 0 17 0 200 Bank of N.Z. 2 4 8 (late sale Wed.) 9 4 9 50 N.Z. Breweries 2 5 3 j 50 Aust. Glass ... 4 5 3 50 Broken BUI Propty. 2 19 9 25 G. J. Coles ... 4 0 0 100 Wilsons Cement (cum ; div.) 0 18 3 100 Mount Morgan (2) 0 11 G 50 Mount Lyeli 1 12 0