COMMERCIAL

Greymouth Evening Star, 3 November 1939, Page 12

COMMERCIAL

MAXIMUM CHEESE PRICES

(by OaBLE —PBUSS ARBN. —COPYRIGHT.]

LONDON, November 2

The Ministey of Food announces that the maximum standstill prices for imported cheese are as follow: Canadian (1939 make), finest 78/-, fine 74/-, New Zealand 75/-, Australian 73/-, South African 73/-, all per cwt.

TINPLATE PRICES

LONDON, November 2

The “Financial News” says that the Welsh tinplate manufacturers have appointed a sub-committee to study a preferential price for Empire markets, notably Australia, New Zealand and Canada. STOCKS AND SHARES. CHRISTCHURCH, November 3. Sales: 3£ per cent. Stock 1953-57 £99/10/-, four per cent. Stock 1940-43 £99/5/-, New Zealand Farmers Co-op. 1950 Stock £77/10/- (2). Reported: New Zealand Breweries 36/-, Taranaki Oil 5/9, Mount Lyell 32/6. WELLINGTON, November 3. Sales: Oamaru Woollen 15/3, Dunlop Rubber 21/- (2), Woolworth’s Ltd. (ord.) 25/- (2) 25/1. Unofficial list: Frozen products 6/6. Sales reported: National Bank of New Zealand 42/-, Broken Hill 78/6 (2), Mt. Lyell 32/6. RESERVE BANK RETURN. A further increase of £128,000 in. the Reserve Bank’s total advances to the State is shown in the bank’s return as at the close of business on Monday. Advances for marketing have risen by £678,053 to £6,462,351, but this rise has been partly offset by a decline of £550,000 to £16,775,000 in the advances for other State purposes. The note issue shows a further expansion of £37,281 to £17,371,820, and sterling exchange is £138,042 higher at £5,743,087. Total deposits are higher, a decline of £571,509 in those of the banks having been more than offset by a rise of £952,769 in those of the State. Other demand liabilities are £140,726 lower.

The proportion of reserve to notes and othei‘ demand liabilities is 25.367 per cent., against 25.162 per cent, a week ago.