COMMERCIAL NEWS

Ashburton Guardian, Volume 58, Issue 300, 30 September 1938, Page 7

COMMERCIAL NEWS

THE RESERVE BANK. THE WEEKLY STATEMENT. (Per Press Association.) WELLINGTON, September 29. 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 September 2G:—

GRAIN AND PRODUCE. CHRISTCHURCH MARKETS. CHRISTCHURCH'; This Day. Odd lots of seed wheat are still going out from city stores, but most farmers will have completed sowing Tiiscan and Cross-seven by the end of this week. The demand for seed barley and peas continues, and the North Island inquiry for oats is a little stronger. There is no change in prices. Following are quotations to farmers on trucks at country stations, sacks extra unless otherwise stated:— Milling Wheat —September delivery: Tuscan 5s lid; Hunters 6s Id; Pearl 6s 3d (all f.0.b.). Fowl Wheat—F.o.b., 5s lOd. Oats—Cartons, to 2s 9d (A grade), 2s 6d to 3s 3d (lower grade); Algerians, 2s 6d to 3s 3d; Duns, 3s to 3s 6d (according to quality). Ryegrass—Perennial, 3s 9d to 4s 6d; Italian} 2s 9d to 3s 3d. Cocksfoot—7d to 9d. Cowgrass—7d to 9d. White Clover—Bd to lOd. Chaff—£4 10s (according to quality). Partridge Peas—No. 1 quality, os; f.a.q., 5s to 5s 6d; under-grade, 3s 6d. Flour—£l3 15s 6d, in 2001 b sacks. Bran—£4 15s to £5 5s (local price).Pollard—£6 5s to £6 10s (local price). Potatoes—£2 to £2 ss.

SYDNEY PRODUCE MARKETS. The wheat market is steady, hut trading is quiet. Silo grain is quoted to 3s 3d, and bagged to 3s 6d. Other quotations: Flour—£B 10s. Bran and Pollard—£s 10s. Potatoes—Tasmanian £ls 10s, others £l3 10s. Onions—Brown £ls. Maize—Yellow 4s sd, white 4s 7d. THE SHARE MARKET. The following sales were made on the Christchurch Stock Exchange yesterday : LISTED' STOCKS'.

SYDNEY WOOL SALES. SYDNEY, September 29. At to-day’s wool sales, competition was well maintained from Yorkshire, and, fair snp]>ort came from the Continent and Japan. Prices were firm occasionally in sellers’ favour. Greasy merino realised to 17-id. The offering consisted of 13,770 bales, of which 12,430 were sold at auction and 9So privately.

LIABILITIES-- £ s. d. General reserve ... 1,500,000 0 0 Bank note 13,734,619 10 0 Demand Liabilities: State 3,913,592 10 4 Banks 5,386,144 l 2 Other 381,499 8 Time deposits ...... — Liabilities in currencies other than New Zealand curreney 17,897 19 7 Other liabilities .... 138,734 0 i Totals 25,072,487 12 10 ASSETS— £ s. d. Reserves: Gold 2,801,791 0 0 Sterling exchange 11,449,447 10 4 Gold exchange ... — Subsidiary coin .... 225,943 11 10 Discounts— Commercial and agricultural bills — Treasury and local body bills .... — Advances— To State or State undertakings: Primary Products Marketing Dept. 3,158,607 12 7 For other purposes 4,500,000 0 0 To other public authorities — Other — Investments 2,732,064 10 6 Bank buildings — Other assets 204,633 1 7 Totals 25,072,487 12 10 Proportion of reserve 4 to notes and other demand liabilities 60.785 per cent.

Sales on ’Change. £ s. d. ]00 Anthony Hordern ... 0 14 6 200 Taranaki Oilfields (2) 0 11 6 150 Mount Lyell (2) 1 6 9 Sales Reported. 50 Canterbury Frozen Meat 0 10 0 50 Broken HiJl Pty. 2 15 4 100 Broken Hill Pty. (contr.) 1 16 10 50 G. J. Coles .1 IP o 200 Hume Pipe (Aust.) (cum div.) 0 18 6 200 Taranaki. Oilfields (2) 0 11 8 200 United Provisions (cum div.) 0 7 0 UNLISTED STOCK. 500 E. .Reece, Ltd. (prof.) o a 0