EMPIRE GOLD STOCKS.

New Zealand Herald, Volume LXVIII, Issue 20819, 11 March 1931, Page 7

EMPIRE GOLD STOCKS.

TOTAL OF £246,000,000.

LARGE INCREASE IN CANADA. Details of the British Empire's visible stock of gold are given in the annual bullion letter of Samual Montagu and Company. They show an aggregate stock about £5,500,000 larger than a yetr previously. The following table shows the composition of the total estimates, which compriso the latest returns available in each case, with those of corresponding date in 1929: —

Bank of England, a (Deo. Bt 3l) 110tCa .'. £147,025,622 £145,848,399 Commonwealth Bank, against notes (Dec. 22) . 15,386.000 20,43.,000 New Zealand banks, casli and reserve against .... notes (Oct. 13) .. 6,868,022 7,109,8/3 Canada: — Dominion Govt., reserve against note issue and Savings Bank doposits (Nov. 29) . 23,531,200 12,809,000 Central gold reserves (Oct, 31) . 3,006,400 3,006,000 Chartered banks in Canada (Oct. 31) 9.779.000 9.601,000 Abroad (Oct. 31) 4,556,000 6,424,000Union of South t Africa Resorvo Bank (Nov. 30) . 8,462,390 7,879,416 Other banks (Nov. 30) . . 549,497 <24,922 Southern Rhodesia Nov. 30) . . 130,000 135,000 Indian Note Reserves—ln India ' „„„ (Dec. 31) .. 23,805,000 24,165,000 Indian Gold Standard Reserve (Nov. 30) . . 2,152,331 2,152,334 Straits Settlementscurrency guarantee fund (Dec. 2-1) 73.330 73,330

Totals .... £245,954,795 £240,425,274 'These amounts include some subsidiary coin.

Of the changes in the gold holdings of the other lending nations of the world, the feature during 1930 was the expansion in the stocks of France and the United Stales. The lattcr's holdings arc shown to have risen ft'om £830,8/2.000 to £872,978,000, of which £254,992,000 (against £217,017,000) was represented by the amount in the Treasury on November 30 and the balance by the amount in Federal Reserve banks on December _3. The French gold holding increased during the year by £96,000,000 to £431,347.000. A compilation of later information regarding the stocks of monetary gold in the principal countries was given by the Chancellor of the Exchequer, in the House of Commons. The details are as follows, with the date of the return and the sterling equivalents in the case of foreign countries:—United States, January 7, £945,700.000; France, January 9, £435.600,000; United Kingdom, January 14, £144,543,000; Germany, January 7, £108,500,000; Spain, January 10, £96,700,000. The amount credited to the United States includes about £70,000,000 of gold coin estimated to bo in circulation.

STOCK SALES.

VALUES AT FRANKTON.

RISE IN SHEEP PRICES,

[from our own correspondent.]

HAMILTON, Tuesday,

A decided increase in the rates for all classes of elieep wis recorded at the stock sales at Frankton to-day. Fat eweß and wethers sold particularly well, last week's Quotations being exceeded by about 2a per head. The total entry was smaller than •usual, and this, together with the very good condition in which the animals were yarded, probably had a bearing on the improved values, Fat lambs came forward in fairly heavy numbers and also sold at slightly above ruling rates. Fat cattle, of which there was i moderate yarding, mot with good competition, prices increasing slightly. A fair offering of store cattle was dull of eoje. A full yarding of both fat and 6tore pige sold at lato rates. Tho auctioneers quote as follows: Dalgety and Company, Limited. Fat wethers sold at. from 10s to 12s 2d; prime fat ewes, 5s 6d to 7s 3d; prime woolly fat lambs, to 12s 6d; medium lambs, 9s 6d to 10s lOd; prime good quality bullocks, £8 Is to £9 Is; small and light-weight, £6 3s to £7 ss; prime fat ccws of good quality. £5 2s to £5 17a; inferior, £2 2s 6d to £3 2s Gd; heavy runners, 35s to 4Gs; light, 27s Gd to 31s; 2-year Southdown steers, £2 13s to £3 2s; 3-year Holstein-cross steers, £2 9s to £2 14s; 2-year Uolstein-cross steers, 3Gs to 41^; prime baconers, £2 5s to £2 best porkers, £1 'Lis to £2; lighter, £1 13s to £1 16s; large stores, 20s to 223 Gd: smaller, Ills to 18s Gd; slips, 10s to 15s Gd; best winners. 6s Gd to 93; others, 3s 6d to ss. New Zealand Loan and Mercantile Agency Company, Limited.—Medium quality fat bullocks sold at £7 2s to £9 ss; lighter. £6 IGb to £7 2s; light quality young steers. £3 17s Gd to £4 ss; fat cows, £4 15s to £5 14s; lighter. £3 15s to £4 10s; stores, £1 10s to £2; fat wethers, lis Gd to 12s Gd; poorer quality, 10s 3d to lis 3d; medium fat ewes, Gs Id to Gs Gd; prime quality fat lambs, lis 6d to 12s 6d; medium, 10s 4d to lis; lighter, Oil to 10s 3d; choppers, £2 10s to £3 10b; heavy baconers, £2 Is to £2 lis; medium baconers, £2 2s to £2 ss; light baconers and heavy porkors, 3Gs to £2; pprkers, 30s to 3iis: unfinished, 25s to 28s; Btores, 18s to 235; slips. 12s to 15s; weaners, 6s to 10s. The Farmers' Co-operative Auctioneering Company, Limited.—Fat bullocks sold at £7 19b to £9 33; light, £5 3s to £6 7s; vealers, 10s to 3Gs; fat cows, £4 17s to £5 2s; medium, £3 :15s to £4 7s 6d; forward, £2 12s Gd to £3 3s; stores, 22s Gd to 325; boners, 10s to IGu; steer calves, 4s to 15s; heifer calves, lie; prime fat wethers, lis Id to 13s 2d; fat. 8s 7d to 10s; prime fat ewes, 7s Id to 7s 9d; fat lambs, 10s 3d to 13s lOd: heavy choppers, £2 7s to £2 13s; light. 22s to 395; heavy baconers, £2 5s to £2 10s; medium, £2 2s to £2 8s; light, 37s to £2 Is; porkers, 27s to 355; stores, 19s to 255: slips, 13s Gd to 16s; weaners, 3s 6d to 7s Gd. , G. W. Vercoe and Company, Limited.— Medium-weight fat bullocks sold at £8 to £9 ss; light-weight, £6 10s to £7 ss; light and unfinished, £5 5s to £G 7s Gd: heavy fat cows, £4 5s to £5 10s; lighter, £3 5s to £3 17s Gd; light, £2 17s Gd to £3 2s 6d; vealers, 20s to 30s; heavy fat wetliers, 12s to F3s Gd; light, 10s 3d to lis Gd; fat ewes, Gs to Gs 4d; heavy fc.t lambs. 12s to lis 9d: light, 9s 9d to lis Gd; forward-conditioned lambs, Gs 3d to Gs Gd: prime medium bacono,vb, £2 8s to £2 10s: light, £2 3s to £2 Gs; heavy porkers, 38b to £2 2s; light, 30s to 375: weaners, 4s to 8s; good stores, 18s to -235. TAUMARUNUI QUOTATIONS. [ill- TELEGRAPH. —OWN CORRESPONDENT, j TAUMA nUNUI. Tuesday. The yarding at tho Taumariinui stock sale comprised 5000 sheep, 50 head of catllo hnd a few pigs. Pigs sold at late rates, but sheep were hard to quit, particularly the older sorts. Two-tooth wethers made from 3s Sd to Gs ; a pen of two-tooth ewes, lis Id- old ewes. Is 7d to 4s Gd; ewe lambs (woolly), 7s sd; wether lambs. 5s Gd.

HIDE AND SKIN PRICES. A SLIGHT IMPROVEMENT. TJio market for both hides and skins showed a slight improvement tit the fort-, nightly auctions Kelt! by the Auckland "Woolbrokers' Association yesterday. Fine and medium dry crossbred sheepskins made 4d a lb; coarse crossbred, 3}d; half to three-quarter wools, 3Jd; quarter wools, 3d; hup be, 3jd; pelts, 2d. Salted skins, half-wool. Is Gd each; short and shorn, Gd to Is. Heavy ox Indus, 43d a lb; medium and light, 4sd; heavy cow, 4Jd; medium, 4 3-8 d; light, 4Jd; yearling, (id; best calf, 7Jd; good, 5d to Gd. Tallow, beat mixed, 12s a cwt,; medium, 10s; poor, Bs.

TOOHEYS, LIMITED.

LOWER INTERIM DIVIDEND

[BV TELEGRAPH. —I'IIESS ASSOCIATION. ] WELLINGTON, Tuesday.

The director!: of Tooheys, Limited, have declared an interim dividend for the half-year ended January 31 nt tho rate of 8 per cent, per annum. The dividend is payable to-morrow. This represents a drop of 1 per cent, on last year, when i tho company paid 9 per cent, for " 10 year,) Ji