COMMERCIAL NEWS

Ashburton Guardian, Volume 60, Issue 78, 12 January 1940, Page 8

COMMERCIAL NEWS

THE RESERVE BANK. THE WEEKLY STATEMENT. : WELLINGTON, January 11. The following is a statement of the assets and liabilities of the Reserve Bank of New Zealand as at the close of business on January 8. Liabilities—- £ s. d.

w'' GRAIN AND PRODUCE. ' C AUSTRALIAN QUOTATIONS. iv \ BURNEY, January 11. - wheat market is slow. Silo grain was quoted at 3s 9£d, bagged 4s flour £l2 los, bran pollard £4. Potatoes —Tasmanian ’£9 10s local North Coast £6 10s. Onions —Victoria, brown, £7, white £l2. . Maize—Yellow os 3d, white ss. APPRAISEMENT OF WOOL. OTAGO VALUATION OF £358.222. DUNEDIN, January 11. A total of 21,250 bales of wool from the Otago province was valued by the official appraisers last month, the value Ireing £358,222 14s lOd, an average of £l6 17s 2d a bale. In December last year, the first clip of the season was sold ; by auction, and the 23,429 bales sold realised £306,534, or an average of £l3 Is 3d a bale. The advance of £3 15s lid a. bale under the appraisement plan really represents a higher return, to growers than the figures indicated, as under sale by auction, the producer would have to pay commission and offering charges. Under the appraisement plan these charges, which represent about -£d per lb, are borne by the British. Government. The charges mean a considerable amount on a, total of 21,250 hales. - The next appraisal in Dunedin will commence on January 20, and will be followed by a third appraisal on February 19. PRICE OF MEAT IN LONDON.

IMPORTED LAMB TO Is 4d PER LB. LONDON, January 11. The Ministry of Food has announced that controlled meat prices as from January 15 will be: —Beef, topside and round, home grown Is 4Jd per lb, imported Is 2d ; sirloin, Is and Is 2d ; rump and fillet steak, 2s 2di and Is lOd; mutton and lamb, first quality home killed .Is 6d, imported mutton Is, imported lamb Is 4d. THE SHARE MARKET. The following sales were made on the Christchurch Stock Exchange yesterday:— LISTED STOCKS. Sales on ’Change.

Bank Notes 18,903,534 0 0 Demand liabilities— Banks 12,958,134 2 6 State 2,938,037 15 9 General reserve ... 1,500,000 0 0 Other 119,390 17 4 Liabilities in currencies other than New Zealand curcency ... 10,096 3 6 Other Liabilities ... 751,979 11 2 Total (N.Z.) ... 37,181,772 9 11 Assets— £ s. d. Reserve— Gold 2,801,839 0 0 Sterling Exchange 6,862,685 7 11 ' .Subsidiary Coin . 158,756 10 9 Treasury and local body bills — Advances— To the State or State undertakings: Marketing Dept . 3,396,299 6 10 For other purpose 20,725,000 0 0 Investments 3,095,692 12 5 Other Assets 141,499 12 0 Total 37,181,772 9 11 Proportion of reserve to notes ti\ d other demand liabilities 27.646 pei cent Sterling exchange is expressed in New Zealand currency.

i : s. d. 100 Coldsbrough, i\rorl 1 11 2 100 Electro. Zinc (prof.. 3 9 cum div.) i Sales Reported. 40- Canterbury Frozen 9 0 Meat 15 300 Electro, Zinc (ord., cum div.) (late sales 3 3 Wednesday) 5 5 S 9 3 5 11 50 Electro. Zinc (ord., cum div.) 3 5 11 £100 N.Z. Farmers’ Co-op. 87 0 4J p.c. stock, 1950) 15 200 Standard Cement 1 3 0 UNLISTED STOCK S. Sale Reported. 100 Assoc. Gold Dredges 0 10 0 (7s paid)