COMMERCIAL NEWS

Ashburton Guardian, Volume 59, Issue 280, 8 September 1939, Page 7

COMMERCIAL NEWS

THE RESERVE BANK. THE WEEKLY STATEMENT. (Per Press Association). WELLINGTON, September 7. The following is a statement of the assets and liabilities of the Reserve Bank of New Zealand as at the close of business on September 4: — LIABILITIES—

Proportion of reserve , to notes and other demand liabilities 26.456 per cent. Sterling exchange is expressed in New Zealand currency. PRODUCE IN SYDNEY. (United Press Association—Copyright.) , SYDNEY, September 7. Wheat trading has reached a deadlock here. Traders are unable to find sellers. Bagged wheat, ex trucks Sydney, is quoted at 2s 9cl. Other quotations are: Flour, £l2 10s; bran and pollard 4s sd; potatoes, Tasmananian Brownells, £l9; others £l7 10s; onions, Egyptian and brown £23, Japanese £24, New Zealand £27; American white £3O; maize, yellow, 4s, white 4s ,2d. CLEARING SALE AT HINDS. In spite of the petrol (restrictions, there was a large attendance of buyers from as far distant as Rangiora. to Geraldine at the clearing sale held at Hinds yesterday by Messrs J. Trevor Thomas and Co., under instructions from the Public Trustee- in the Estate of the late Godfrey W. Chisnall. The sale was a good one throughout and full market values were realised. The sheep, which were of a good class, showed the effects of the shortage of feed owing to the ravages of the grass grub. The following is a summary of the main lots sold :—' Sheep;—loß 2-th Cor. ewes due iStptember 12, 17s 4d; 25 2-th wethers 13s; ISO 4, 6 and 8-th Cor. ewes 12s 9d; 1(64 Cor. ewe' hoggets (shorn) 9s 6d; 126 4, 6 and 8-th ewes and lambs 7s Id; 113 ditto 7s; 80 ditto 7s; 74 Cor. wietber hoggets 3s 9d. Implements:—Wolseley 3 stand shearing plant £29, double grinder £lO, combs and cutters £2 15s, ljh.p. Cooper petrol engine £5 10s., belting and pulley 15s, 17-coulter M.H. drill and cover £43, McCormick-Deering 10-20 Tractor £35, 10ft power drive reaper and binder £l7, Donald woolpress £l7 10s, Storrier hustler £8 !ss, Duncan roll or £ll 10s, Andrews and' Bc-aven lime sower £B, trailer £B, twitch harrows, £6 10s, 4fr Olliver plough £4i, Massey fore-carriage £2, petrol pump 30s, 3-f plough £3 165., vyee £l, drum molasses £2 7s 6d, 13 bags salt £6 10s, 34 bags salt £8 10s, 147 sacks chaff £22 Is, 60 bags lime £3, 71 sacks grass-seed £lO9 ss, 70 bales bay £7 17s 6d, 10 tons mangolds £l3s lOd, firewood £4 2s 6d, dog £1 2s 6d. THE SHARE MARKET. The following sales were made on this Christchurch Stock Exchange yesterday:— LISTED STOCKS. Sales on ’Change £ s. d. 446 Australian Consolidated Industries

Sales Reported.

General reserve ... £ s. 1,500,000 0 d. 0 Bank notes 15,944,179 0 0 Demand Liabilities: State 1,720,004 18 4 Banks , 12,473,448 16 10 Other 305,405 3 9 Liabilities in currencies other than New Zealand currency 17,284 17 9 Other liabilities .. 464,842 15 11 Total £ (N.Z.) 32,434,165 12 7 ASSETS— £ 8. d. Reserves: Gold 2,801,839 0 0 Sterling exchange 5,271,810 7 7 Subsidiary coin ... 254.659 19 3 Treasury and locai body bills — Advances— Primary Products Marketing Dept. 5,329,122 6 14,850,000 0 5 For other purposes 0 Investments 3,820,871 16 6 Other assets 105,862 2 10 Total £ (N.Z.) 32,434,165 12 7

(rights) (2) 0 4 6 (3) 0 4 S

'£300 N.Z. Govt. 4 p.c. 0 Inscr., 1940-43 99 5 200 Auckland Gas 0 14 9 50 Broken Hill Prop. . 3 11 3 200 Woolworths (8yd., ord. cum div.) 1 3 0