COMMERCIAL NEWS

Ashburton Guardian, Volume 58, Issue 192, 27 May 1938, Page 7

COMMERCIAL NEWS

THE RESERVE BANK. THE WEEKLY STATEMENT. ASSETS AND LIABILITIES. (Per Press Association.) WELLINGTON, May 26. 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 Monday, May 23: —

THE SHARE MARKET. The following sales were made on the Ghristchurch Stock E'Xcliange yesterday : LISTED STOCKS. Sales on ‘Change.

Sales Reported.

GRAIN AND PRODUCE. CHRISTCHURCH MARKETS. CHRISTCHURCH, This Day. The demand for seed wheats has continued steadily this week, and indications (point to a heavier sowing than was the case last season. There is also a keen inquiry for linseed and partridge peas, but little interest is being taken in most of the smaller seeds. Following are quotations to farmers, on trucks at country stations, sacks extra unless otherwise stated:— Milling Wheat—May delivery: Tuscan 5s Bd, Hunters 5s lOd, Pearl 6s (all f.0.b.) Fowl Wheat—F.o.b., 5s Bd.

Oats —Cartons, to 2s 9d (A grade), 2s 6d to 2s 8d (lower grade); Algerians, 2s 6d to 3s; Duns, 3s to 3s 6d (according to quality). Ryegrass—Perennial, 3s 9d to ■ls 6d; Italian, 2s 9d to 3s 3d.

Cocksfoot —7d to 9d. Cowgrass—7d. White Clover—Bd to lOd. Chaff—£4 10s (according to quality). 'Partridge Peas—First quality, 4s 9d to 5s 6d; f.a.q., 4s 6d to ss; undergrade, 3s 6d. Flour—£l3 15s 6d. in 2001 b sacks. Bran—£4 15s to £5 5s (local price). Pollard—£6 5s to £G 15s (local price).

Potatoes—£3 5s to £3 10s a ton. Onions—Turbatt, £9; Globe, £8 10s a ton. SYDNEY WOOL SALES. JAPAN OPERATES FREELY. SYDNEY, May 26. At the wool sales ,to-day Japanese buyers gave excellent support, while France, Germany, and Italy operated satisfactorily. Best descriptions ruled in sellers’ favour. Greasy merino made to 18d. The average price of wool for the first three days of the week was £l2 11s 7d a bale, or 9.9 d per lb.

LIABILITIES-- £ s. d. General reserve ... 1,.300,000 0 0 Bank notes 14.001,121 0 0 Demand liabilities— IState 41089,667 9 11 Banks 7,128,463 16 8 Other 224,966 18 4 Time deposits — Liabilities in currencies other than New Zealand currency — Other liabilities ... 297,232 0 8 Total 27,241,440 5 n ( ASSETS— £ s. d. Reserves: Gold 2,801,791 0 0 Sterling exchange 18,121,614 3 3 Gold exchange ... — Subsidiary coin .... 227,009 16 4 Discounts— # Commercial and agricultural bills — Treasury and local body bills .... — Advances— To State or State undertakings: Primary Products Marketing dept. 3,253,926 1 8 For other purposes — To other public authorities — Other — Divestments 2,735,564 16 7 Bank buildings — Other assets 101,534 7 9 Total 27,241,440 5 7 Proportion of reserve to notes and other demand liabilities 82-232 per cent.

£ s. d. 100 N.Z. Refrig. (10s pd.) 0 8 4 50 N.Z. Breweries (cum div.) 2 3 0 50 British Tobacco 2 7 10 100 Broken Hill Pty. (cum div.) (2) 3 6 0 200 Broken Hill Pty. (eont. cum diy.) (2) 1 16 6 100 Dominion Builders (cum div.) 0 5 0 200 Electro. Zinc (pf.) ... 2 2 6 2 2 0 50 G. J. Coles 4 2 0 400 Taranaki Oilfields 0 8 5 (2) 0 8 2 0 8 1 300 Woolworths (Sydney), (ord.) <2) 1 1 1 1 3 2 180 Woolworths Proper- * ties (rights) (2) 0 3 10 (2) 0 3 11 0 3 10 100 Grey River ... 0 12 3 850 Mt. I/vell (cum div.) 1 1 1 6 3 5 4 3 3 1 3 3 1 3 2 1 3 2 1 3 1 1 3 0 (2) •1 2 11 500 Mount Morgan (4) 0 8 6

200 National Bank of N.Z. 2 12 3 200 Southland Frozen 9 0 Meat 1 75 G. J. Coles (2) 4 1 4 168 N.Z. Paper Mills 0 (rights) • (2) 1 4 . ICO Woolwortlis (Sydney), (ord.), 1 1 3 130 Woolwortlis Properties (rights) (3) 0 3 11 300 Mount Morgan (late 0 8 sale Wed.) 5 0 8 51 100 Mount Morgan 0 8 7