COMMERCIAL NEWS

Ashburton Guardian, Volume 59, Issue 45, 2 December 1938, Page 7

COMMERCIAL NEWS

THE RESERVE BANK.

THE WEEKLY STATEMENT.

(Per Press Association.) WELLINGTON, December 1. 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 November 28: — LIABILITIES—- £ s. d.

Proportion of reserve to notes and other demand liabilities 32.685 per cent. Sterling exchange is expressed in New Zealand currency.

SALE OF SHEEPSKINS. CHRISTCHURCH, This Day. At the sheepskin sale held by the Christchurch Woolbrokers’ Association yesterday, prices were on a par with the sale held at Dunedin this week. The following is the range of prices:— Sound. Faulty.

THE SHARE MARKET.

The following sales were made on the Cnristchurch Stock Exchange yesterday :

LISTED STOCKS.

Sales on ’Change.

GRAIN AND PRODUCE.

THE CHRISTCHURCH MARKET

CHRISTCHURCH, This Day

Tliio general rain throughout the province early in the week will ho of great benefit to the growing crops, more especially to those on medium types of land. The growing conditions are good, and the prospects lor this year are much better than at the same time last year. There is a quiet trading pefl'iojl in the grain market, and quotations one mainly nominal. Linseed and dark Dun oats are in short supply. The potato season has nearly finish-

ed, though merchants are receiving a few odd orders. Quotations are nominal.

Following are quotations to farmers on trucks at country stations, sacks extra unless otherwise stated: — ’Milling Wheat—Tuscan, 5s lid.; Hunters, 6s Id; Pearl, 6s 3d, f.o.b. Fowl Wheat—F.o.b., 5s lOd. Oats—Gartons, to 2s 9d (A grade), 2s 6d to 3s 3d (lower grade); Algerians', 2s 3d to 2s 6d; Duns, 3s to 3s Gd (according to quality). Ryegrass—Perennial, 4s 'to 4s Gd ; Italian, 2s 9d to 3s 3d.

Cocksfoot—7d to 9d. Cowgrass—7d to 9d. White clover—lOd to lid. Chaff—£4 to £4 15s (according to quality). Flour—£l3 15s Gd. in 2001 b sacks.

Bran—£4 15s to £s' 5s (local price), Pollard—£6 5s to £6 1 10s (local price).

THE SYDNEY MARKETS

SYDNEY’. December 1

The wheat market is steady, but growers are displaying little interest. Silo grain is quoted at 2s and bagged at 2s 7id. Flour —£7 10s.

Bran and Pollard —£5. .Potatoes Tasmanian, £l3 10s; others, £l2. Maize —Yellow, 4s 8d ; white, 4s Gd.

General reserve ... 1,500,000 0 0 Bank notes Demand Liabilities: 14,587,364 10 0 State 2,997,756 11 0 Banks 5,134,687 563,365 7 0 ii ~) Time deposits Liabilities in cur- — rencies other than New Zealand cur19,880 o 6 Other liabilities ... 173,153 11 10 Total £ (N.Z.) 24,976,207 & 10 ASSETS— ' " £ s. d. Reserves: Gold 2,801,791 0 0 Sterling exchange Gold exchange ... 4,828,301 17 0 8 Subsidiary coin — Discounts— 205.739 IS Commercial and agricultural bills Treasury and local — body bills .... — Advances— To State or State undertakings .... Primary Products — Marketing Dept. 5,022,441 14 1 For other purposes . 8,500,000 0 0 Investments 3,509,474 17 5 Bank buildings Other assets 108,457 19 8 Total £ (N.Z.) 24,976,207 6 10

Halfbred — d. d. d. d. Three-quarter to full wool 7 to 8 62 to 7 Half wool 62 51 Quarter wool .. 41 41 Three-quartserbred-Three-quarter to full wool 62 to 71 52 to 61 Half wool 6 t Quarter wool .. 3 41 Crossbred — ! Three-quarter to full wool 61 to 71 51 to 52 Half wool 52 5 Quarter wool .. - 41 Merino — Three-quarter to full wool ... 62 0 Half wool 61 52 Quarter wool .. — — Hoggets— Halfbred 71 01 Three-quarter-bred 7 6 Crossbred 61 51 Spring lambs ... 4 U Pelts HI 1 to 21

£ S3. d. 100 Andersons (prof.) 0 18 G 100 Anthony Hordern (ex 0 15 0 div.) 50 Electro. Zinc (pref.) 2 8 0 300 Taranaki Oilfields 0 9 3 O 10 6 0 10 9 100 Rawang Tin 0 ■/8 0 2000 New River (-) 0 0 91 Sales Reported. 950 New Zealand Breweries (cum div.) (1) 1 18 9 50 Aust. Glass 5 2 3 100 G. J. Coles 3 19 3 100 Taranaki Oilfields 0 9 3 10 100 Woolwortlis, Syd., ord 100 Wool worths (South L 0 G Africa) (cum div.) ... 0 11 UNLISTED STOCK Sales Reported. ■100 Woolwortlis Properties (late sale Wed.) cum div. 1 5 G 100 Woolwortlis Properties G (pref.).(cum div.) .. 1 5