RESERVE BANK RETURN

Press, Volume LXXVII, Issue 23248, 7 February 1941, Page 7

RESERVE BANK RETURN

. $ : INCREASE in gTEBtiNG EXCHANGE DEMAND LIABILITIES HIGHER Stedias exchange showed a further rise £1,019,618 according to the return of t Reserve Bank of New Zealand for the eek to February 3. The note issue was riil 886 less than for the previous week, rhon'ges in demand liabilities were inSof £933.148 and £1,077.060 in those S th« state and to the banks respectively, •nd a decrease of £878.334 in other de- * a „d liabilities. The return, with changes from last -eek’s in parenthesis, is: — Liabilities —(1) General reserve fund, • I 500 000 (same): (2) bank notes, *ll 673 061 ( —£lsl-886): (3) demand liahilities’ la) State £8.907,661 ( + £933,148); banks. £15.406.585 (-(-£1.077,060); (c) ifher £468,010 ( posits nil (same): (5) liabilities in other Kan ’ New Zealand currency, £9141 (£3095); (6) other liabilities. £1.028,923 £0836). Total. N.Z.£48.993,382 x £967,057). 'Assets —(7) Reserve: (a) Gold. £2,801,876 /omel- (b) sterling exchange (New ZeaSd currency). £14,379,057 ( + £1,019,618); m cold exchange, nil (same); (8) subddiary coin. £56.977 (-£438); (9) disamnts: (a) commercial and agricultural vnjs nil (same); (b) Treasury and local body bills, nil (same); (10) advances—(a) (n the State or State undertakings : (1) MarSting Department. £2.9(13.085 (-£388.077); (2) for other purposes. £23.690,000 (same); bl to other public authorities, nil (same); c) other, nil (samel; (11) investments, £3777,185 ( nil’(same): (13) other assets, £1,385,203 (+£279,365). Total, N.Z.£48,993,382 + £967,057). Proportion of reserve (No. 7 less No. 5) to notes ‘and other demand liabilities, 36.964' per cent. (35.512 per cent, last week). SHARE MARKET INDICES London ■ Stock indices, compiled by the "financial Times," are (October 15. 1926, equals 100): Govt. Home Indus- Gold

SYDNEY PRODUCE MARKETS (EXITED PRESS ASSOCIATION—COPYRIGHT.) February 6, 11.30 p.m.) V* SYDNEY, February 6. The Sydney wheat market is brighter. Silo grain is quoted at 3s Hid and bagged at Is 3J4- Other quotations are; Flour, £l2 13s; bran and pollard, £6; potatoes, Tasmanian, £ll, other £10; onions, brown globes £l7 16s; maize, 6s 9d. MINING RETURNS : Grey Elver Dredge.—The return for the period from January 29 to February 5 was 349.5 ounces from 77,210 yards in 123 hours 15 minutes. The recovery for January was 1443 ounces from 358.937 yards in 934 hours. ) Himu Flat Dredge.—The return for the period from January 28 to February 4 was ,190.6 ounces from 36,300 yards in 121 hours 34 minutes. The recovery for January Was 562 ounces from 151,426 yards in 497 hours; '

sec’tiea. rails. trials. mines. August .. 109.1 39.5 74.6 149.4 Nov. 1 •• 110.0 39.7 82.7 165.5 Dec. 7 .. 111.9 41.9 86.0 176.5 Jan. 3 •• 112.3 41.4 87.8 179.4 Jan. 20 ... 112.5 44.3 91.1 180,9 Jan. 29 .. 112.3 42.6 89.3 175.2 Jan. 30 •. 112,3 42.6 89 174.9 Feb. 5 .. 112.3 43.7 87.6 174.5 New York ,Dow Jones’s average (1926 equals 100) md turnover on the New York Stock Exchange are as follows 20 rail30 Shares roads industrials. sold. August 4 .. 26.96 126.36 120.000 Sept 3 29.37 129.74 540,000 Oct. 3 .. 29.37 135.21 780.000 Nov. 4 .. '29.36 135.21 1,250.000 Dec. 4 .. 27.78 130.75 650.000 Jan 2 .. 28.03 130.57 530.000 Jan. 21 .. 28.9 128.2 580,000 Jan. 30 .. 28.17 124.05 780.000 Feb.' :3. .. 27.94 122.67 490,000 Feb. 4. 1 .. 28.09 122.63 350,000 Feb. 5 .. 23.63 124.14 490,000 —