FINANCE AND COMMERCE

Press, Volume LXXIII, Issue 22050, 25 March 1937, Page 17

FINANCE AND COMMERCE

RESERVE. BANK FIGURES

ADDINGTON STOCK SALE

; .>frflhe Reserve Bank figures for this week show a rise in the , : <)Me issue of £91,600. Demand liabilities to the State are less v5pv£1,353,100, but those to the banks have increased by ■''£921,700. Other demand liabilities are £202,600 smaller The sterling exchange holding is £576,200 higher than it was last we ek, and is now at its highest point since September. It is, however, about £6,000 000 below the totals of March last year. b y £M 0, A?u i e for °i ther have decreased by ■*i Mo ;™!;c^^A a n nceshave decrease <* £25,000, and other assets by £24,300.

A very heavy entry of breeding ewes at the Addington dock market yesterday met an excellent sale. There was a keen demand for all classes at better prices. Store lambs were also higher. Fat stock were inclined to ease, the holiday having restricted the demand. 6

I There was a moderate turnover o n the Christchurch Stock Exchange yesterday, when values were generally firmer. Mount Lyells were active again, but at higher prices, and Electrolytic Zincs also advanced.