RESERVE BANK RETURN

New Zealand Herald, Volume LXXII, Issue 22099, 3 May 1935, Page 7

RESERVE BANK RETURN

DEPOSIT LEVEL FALLEN BANKS' HOLDINGS LOWER ' DECREASE IN EXCHANGE I"BY TELEGRAPH —PRESS ASS" JCt/XiOlf] WELLINGTON. Thursday The. Reserve Bank return fcr the week ended April !!9 was gazetted tonight. The statement was halsiiced at. £27,204.672, or £3'4,831 less than ai; the close of the previous week. The principal movements on the liabilities side are fulls of £J4].,ICS aiid £41,379 in the levels of bankers' deposits and State deposits respectively. The note issue has changed little, there having been an increase of £36.1. One change in the assess s!ightly more than equals the fall iii the two classes of deposits-—a decrease oir £396,064 in the level of the sterling exchange reserve. The gold holding remains unchanged after the decrease shown last week. The statement with variations compared with the week before ifc -as follows: — LIABILITIES Variation 1. Capital .. £500,000 Same 2. Gen. reserve .. 3,000,000 Same 3. Bank notes . . 9,433,670 ; 3,611.1 i. Demand liabilities—(a) State .. 12,352.449 41,370" <b) Banks .. 3,832,947 311,105* (c) Other .. 7,365 s'ft 7. Other liabilities 8f1,23& 3,9S;>t Total .. .. £27,204,672 £374,831* ASSETS 8. Reserve—(a) Gold. . . £2.801,731 Same (b) Sterling Ex. 22,088,84.): 396,064* 9. Subsidiary coin 173,109 563'" 12. Investment .. 2,095,8*37 Same 14. Other assets .. 45,181. 21,7961 Total .. .. £27,204,672! £374,531" fHigher. 'Lower. Proportion of reserve to notes and other demand liabilities, 97.16 per cent (97.27 last week). STOCK SALES WESTFIELD QUOTATIONS QUALITY COWS SELL WELL Large yardings of store &:id diiiry cattle were forward at the Westfield weekly stock sale yesterday. 'There was a good bench of buyers am I a keen demand in all classes. Quality da.iry cattle were in particularly good _ demand, and several cows and heifers were disposed of at high _ values. 'An exceptionally fine type of Jersey cow, recently calved, brought the highest price of the day, keen bidding closing at £B. A choice Jersey-cross heifer realised £7 15s. Other medium quality cows also sold well. The prices were: — Store Cattle. —Youn? cows, good condition, £2 to £3 15s; good juality, lifts 30s to 37s 6d; others, 'to 25a; boner "and aiged cows, to 37s 6i; boner bulls, to £5 15sj breeding Jersey bulls, to ('3 15s; yearling Jersey heifers, good quality, to £'!J; others, to 255.

Dairy Cattle. —Jersey cows, choicu quality, cl.ose to profit and recently-ca;lved, to £ls; pood quality, more backward, to £6.loii; more inferior, from £2 to £4; Jersey and Jersey-cross heifers, choice quality, "close to pro:at. up to £7 15s: good quality, up to : jES 10s; more backward, up to £3 10a; others, to £3; Shorthorn cows, good quality, close to profit, to £1 15s;, more backward, to £3 ss; heifers, gocd qutility, to £4; other cows, to £3.

PUKEKOHE RATES FIRM [FROM OUR OWJ' correspondent] PT'KEKOHEi, Thursday

A. large yarding of dairy covin and heifers met with a good demind at ruling rates and in some cases improved prices at; the stock Bale held by Alfred BucklaritJ and Sons, Limited, at Pukekohe to-day, E<!st cov.'s so.,d from £5 5s to £6 10<i; lesser quality, £3 to £5; old and cull cons. £1 to £'. i 10s; bei3t springing heifers, £4 10s to J's 10s; other springing heifers, £2 10s to £4_Eis; A general clearance was made or a fair average yarding of beef cattle at prices niiual to late sales. Fat steers nude from. ;U7 2s 6d to £8 2s 6d; heavy cows and heif<i:r», £4 12ij 6d to £5 10s; lighter, £3 15s to ;E4 7» Sd; light, £2 103 to £3 13s; oth:r killable cows, £1 ISs to £3 Is; boner cow 3, £1 to ,!!1 138- store cows, £1 5s to £2 6s; cows and cß.lvea, £1 8s to £3 8s; advertisei'. store steers, £5 to £S 17s 6d; advertised Shorthorn steer calves, £1 16s; advertised Shorthorn itieiifer calves. £1 7s; best Jersey calves, £1 2s to £1 8s; ethers, 7s to 18s; patter bulis, £1 19s to £4 16s; other bulls, 16s to £1 Bs, ( The yardinjr of pigs was extra heavy and the demand was steady. Values were fircn for all classes except stores, for wh; <:h prices wer» slightly lower. Choppers .realised from £1 10s to £•2 ss; heavy prime baconers. £3 6« to £3 18ft: medium, £2 16s to .-E3 2s; light,, £2 8s ,to £2 12s; heavy porkrrs, £1 ISiiito £2-2«: medium, £1 lis to i l 16a; light, £1 6s 1o £1 10s; small and nr.finished, :16s to £1 4s; stores, 15s to £1; slirs, 10s to 13a; weanera, 3» to 9s; sowu, due to farrow,, £'! to £3 53. The average price per lb for !:>aeoners was from 5d to s}d, and for .pork'Tj, from 4Jd to aid. .

* CLEARANCE AT TE PUKE [BY TELEGRAPH —OWN CORRESPONDENT] TE PUKE, Thursday The Farmers' Co-cperative Auctioneering Company. Limited, hnld its unuitl fortnightly salei on Tuesday, Fully the advertised number of cattle came forward, including a special entry of East Coast cown and hei!ierß. A total clearance was effected under the hammer. Heavy fat cows ..realised from £3 10s to £4 ss; others, £2 103 to £3 b's; lighter sorts, £1 los to £2. A good line of fchyes and four-year Polled Angus heiferu irealised £3 13a; other good Polled iVnguu heifers, £3 7s to £3 10s; lighter, £2 8s to £3. A stood linti of three and four-year Hereford heifers made £3 6s; others. £3 4s; smaller, £2 <U to £2 lis. Store coirs, 32s to 3lis; boners, lfis to 30s; heavy bulls. £3 10n no £4; lighter s'orns, £2 10s to £3. Store pigs,. 20s to 31n; slips, 13s to 18s: weaners, 6ii <>d to 12«; SUCCESSFUL' CLEARING SALES Alfred Bucldand and Sons, Limited. held a clearing sale at \Vaiuku on Tuesday on account of Mr. S. D Thompson. Numerous buyers attended anc a suceeiiifiil sale resulted. The herd wis in condition, and cows sold u:) to £ll l(|fi. Tho whole herd of 35 cows avenged £7 Hiu Bd. In-calf heifers made up to 44 ss, and hmlier ca.lves £-2 7s 6d to £4 2s 6d ;!: ; On Tuesday Alfrec. Bucklaritl and Sons. Limited, conducted n charing sale on account of Mr. C. A. Coughlan, BUsney Boad. Mangere. There was a large nfctendance of buyers and good prices were realised. Best cows, recently calved, £8 10s • other good cows, in milk,. £6 to £7 Ss; best daily cows, close to profit, £6 10;j i|o £7; other dairy cows, close to profit, J!3 \lss to £5 15s; good üßeful farm horses, £l7 10s to £24 ss. KAMO HORSE FAIR [from our own correspondent] \VH ANGAEEI:, Thursday The North Auckland Farmnrs.' Co-opera-tive. Limited, reports holding a> ho Of fair at Kamo on Monday when thure was a "fine qujility yarding of horses, but the attendance of buyers was not large; Competition wan not keen, although a few made very Rood prices. The top price. £4{i, wns secured for a bay mare solo r>y Mr. ;M. J. O'Shea to Mr. C. Henty, of Ivamo Springs. Mr. D. J. Morrison sold a bay geldirg for £44 10s to Mr. E. Page; of Three Kin|i:s. Mr. M. J. O'Shea uold a bay mure for £45 lIOs to Simpkins and Sanderson, of *Omnna. Heavy draughts brought from £39 to £45: medium, <3O to £4l; spring oart horseu. £27 to £3l; light harness horses; hacks, J!7 10s to £18; fiquibs and ponies, ,fss to £3.