RESERVE BANK RETURN

New Zealand Herald, Volume LXXII, Issue 22225, 27 September 1935, Page 7

RESERVE BANK RETURN

INCREASED NOTE ISSUE r , ' FALL IN STATE DEPOSITS BANKS* HOLDINGS HIGHER [ny TELEGRAPH —PRESS ASSOCIATION] WELLINGTON, Thursday The Reserve Bank return for the week ended September 23 was gazetted to-night. The statement is balanced at £25,149,917 or £03913 more than at tlio close of the previous week. The liabilities show considerable movement. The note issue has increased by £133,480, compared with tho level a week before. The deposits of tho State have fallen b.v £515,529, while, reflecting this movement, there lias been an increase of £582,806 in tho deposits of the.trading banks. After its very substantial increase the week before, the item "other demand liabilities" shows a decrease of £194,158. There is very little change in the level of tho assets. Coin is higher by £4279, and tho miscellaneous item, other assets, has increased by £2035. The statemont with variations compared with the week before is as follows: 1 LIABILITIES Variation 1. Capital £'500,000 Same 2- Gen. reservo . . • 1,000,000 Same 3. Bank notes . . 8,013,523 133,480t 4. Demand liabilities—(a) State , . 9.751 515,520' (b) Banks .. 4.401,152 652,506t (c) Other . . 500,R21 104.158* 7. Other liabilities 73.555 206* Total . . . . £25,149,917 £G,393t ASSETS

8. Reserve—(a) Gold . . £2,801,732 Same (bt Sterling Ex. 19,087,0-12 791 9. Subsidiary coin 221.318 4,279+ 12. Investment . . 2,102,859 Same 11. Other'assets .. 30, CMS 2,035+ Total . . £25,149,917 £6,393+ t Higher. 'Lower Proportion of reservo to notes anil other demand liabilities, 96,66 per cent (9G.69 last week).

WOOL IN LONDON HARDENING TENDENCY STRONG GENERAL BUYING LONDON, Sept. 25 At the London wool sales to-day 10,627 bales were offered, including 5738 Now Zealand. About 9325 bales of Australian and New Zealand wore sold. There was strong general competition, and prices showed a hardening tendency. A New Zealand greasy crossbred clip, "E.5.C.," sold at 10d. top price, and Bgd average. SYDNEY CLOSING RATES BEST POINT OF WEEK (Received September 26, 9.15 p.m.) SYDNEY, Sept. 26 At tho Sydney wool sales to-day 12,434 bales were offered and 11,154 were sold. Also 882 bales were sold privately. The market closed at tho best point of the week with competition strong and keen, particularly from Japan, Yorkshire, Germany and France. How-

1 ever, there was some irregularity for burry and dusty fleece and skirtings. Greasy Merino sold to 18id. THE MARKET BASKET BUTTER PRICES RISE FEW OTHER CHANGES Apart from minor alterations in the price of _ fruit, and an increase of a penny a pound in the price of butter, little change has occurred in the market for foodstuffs this week. Butter is now selling at Is sd, Is 4d and lid a pound. Values are:— FRUIT Apples, Delicious and Sturmers, special Quality, 6d per lb; all others, sd; pears. Coles and Nelis, sd; oranges, Poorman, Is to Is 6d a dozen; Island, 2s to 2s 6d; Australian, Is 6d to 3s; Kerikeri, Is 6d to 2s a dozen; grapefruit, Sunkist, 6dj pines, Queensland, 9d to Is 6d; lemone, Gd to Is a doz<sn; bananas, Fiji, 4d to 6d per lb; tomatoes, Island, Gd to 8d; hothouse, Is Gd; passion fruit. Is Gd a dozen; tree tomatoes, 8d a lb; plums, Colifornian, Is a lb; Californian grapes. Is Gd a lb; white grapes. Is Gd a lb; mandarins. Is Gd to 2s. VEGETABLES Potatoes,. old, 2d a lb; new, 3d to Gd; kumaras, 2d; onions, Californian, 4d; pumpkins, 3d a lb; cabbage, 6d to 9d each; cucumbers, hothouse, 8d to Is; Island, Gd; lettuce, 2d to 4d each; cauliflowers, Gd to 9d each; celery, 4d to 9d; leeks, 2d; swedos, ljd to 2d a lb; sprouts, choice local. lOd; spinach, 2d a bunch: rhubarb. 4d to Gd a bunch; radish, spring onions, Id; turnips, carrots, beet, ljd; parsnips, 2d; green peas, Is to 1* 3d per lb; beans, hothouse, Is Gd per lb; nsparagus, 8d to 2a a bunch: watercress, lid a bundle. •MEAT Beef.—Hump steak, Is id per lb; undercut, Is 3d; beef steak, 7d; stewing steak, | Gd; sirloin, B{d; prime ribs, GJd; prime ribs (boned and rolled), B}d; wing ribs i (three chine bones), 7Jd; top side (4lb and 1 over), s{d; thick flunk, s}d; bolars, sjd; double top rib. sd: chuck rib. 4jd: rolled back rib, GJd; corned round, 7d; corned brisket (boned), s}d: brisket and .flat rib, 3jd; thin flank, 2d; gravy beef or shin meat, 4d; minced beef, 4d; tripo, Gd; dripping, Gd; suet, 4d; sausages, sd; sausage meat, 4d; whole shins or legs, ljd; Imlf Bhins or legs (thick end), 2d; half shins or legs (knuckle end), ljd; ox kidneys, Is; ox tongues, 7d; ox tails, Gd: whole loins. 74a; whole rumps, Sid.

Mutton.—Sides, 7d pei lb; whole lege. BJd; cut legs, 9d; shank end (Rib nnd under), 9jd; hmdQUarler, BJd; forequarter, fid; shoulder, 7d; shank end of forequarter,_ fijd; neck (best, end), 7d; loin, Sid; middle loin ohop», lid; lee nnd rib chops. Od; neck chops (best end), Prl; Btewing chops, Od; flaps, 3d; cutlets (trimmed), Is id; sheep's fry. fid; kidneys. 3d ench; tongucß, nd; sheep's head (dressed), (id; sheep's brains, 2d,

Venl—Fillets, 8d; loins, 7d; cutlets nnd veal steak. lOd; chops, fid; shoulder, 4d; quarters. 3d: rolled veal, fid.

I ork.—Leg, lOd: loin, 10d; foreloin with blade, Bd; pork chops, lid; corned hand. 8d; corned belly. lOd ; pork sausages, 7d. These are cash prices at the shops, booking and delivery being ti penny n pound extra. FISH .Schnnpper, whole, 5d &er lb; trimmed, fid; smoked, lOd; skinned fillets, Od; terekihi, whole, 4}d; smoked, (id; kippered fillets. Id; trevnlli, whole, 2d per lb; smoked, od; John Dory, whole. 'ld: fillets. t)d to JOd per lb; lemon fish, fillets, 4d; silver strip, lid: hnpuku steaks, lOd; wings, Hmoked, 7d; cod. smoked, Is; gurnnvd, wholo, 3d; barracoota, whole. 4d; smoked, (id; kippers, Scotch, Is; crayfish, fid per lb; mussels, fresh, Is fid a dozen; pickled, Is fid a bottle; rabbits, fid each; hnres. is fid ench: mutton birds. Is each; cod fillets, Scotch. Is (id per lb; findon haddocks, Is 3d; moki steaks, fid; smoked steaks, 7d; whitebait, 2s per lb; Cd to 7d n glass BACON AND HAM Bacon.—Shoulder rashers lOd per lb; rib rashers, Is 3d; by piece. shoultW cut, 8d to Is. Ham,—Wholo, Is 2!d per lb; in rashers. Is 4d: cooked pressed, rolled. 2s. . BUTTER AND CHEESE Butter.—Factory, first grade, Is 5d per lb; second grnde. Is 4d; farm butter, lid to Is Id per lb. Cheese.—Ordinary Rd; more matured, Is to ] s 6d

EGOS Duck, Is a ,dozen; hen, first grade, Is.