RESERVE BANK RETURN

New Zealand Herald, Volume LXXV, Issue 22954, 4 February 1938, Page 5

RESERVE BANK RETURN

EXCHANGE £978,500 LOWER MOVEMENT OF DEPOSITS PRODUCE ADVANCES UP £530,000 [BY TELEGRAPH—PRESS ASSOCIATION'] WELLINGTON, Thursday The Reserve Bank return for the week ended Monday, January 31, was gazetted to-night. The statement is balanced at £29,007,084, or £0647 more than at the close of the previous week. The note issue is lower by £55,915 than it was a week before. Government deposits have increased £509,800, a movement largely reflected by a fall of £502,596 in the deposits of the trading banks. Other demand liabilities are £51,626 higher. The sterling exchange reserve shows the substantial fall of £978,538 in valuo. Advances to tho Primary Produce Marketing Department are higher by £530,458, while advances for other purposes, stationary at £900,000 for many weeks, have now increased by £200,000. Tho investment total, which also lias shown no movement for a considerable time, has risen in valuo by £256,328 during the week. The statement* with variations compared with tho week before is as follows: — LIABILITIES tt , , Variation £ £ 1. Gen. reserve .. 1,500,000 Same 2. Bunk notes .. 34,240,014 - 55,015 3. Demand liabilities — (a) State .. 3,532,400 +500,800 (b) Banks . . 0,805,470 -502,500 (c) Other .. 603,107 +51.020 0. Other liabilities. 195.007 +2,732 Total .. 20,067,081 +5,617 ASSETS £ £ 1. Reserve—(a) Gold .. 2,801,701 Same ' (b) Sterling: ex. 16,230,651 -078,538 8. Subsidiary coin 217,091 -1,302 10. Advances — 1. Dairy Industry Account . . 6,623,766 +530,458 2. For other pur- < noses .. 1,100,000 +200,000 11. In vestment .. 2,914,053 +256,328 13. Other assets .. 70,132 -3,200 Total .. 20,967,084 +5,617 Proportion of reserve to notes and other demand liabilities, 67.321 per cent (70.789 last week). 11

THE MARKET BASKET PRICES STEADY EFFECTS OF DRY SPELL Retail prices for produce remained fairly constant (luring the week. Good supplies of fruit are on the market and prices are generally easier. A quantity of greengages has arrived and is selling at reasonable prices considering the short season for this fruit. Peaches have dropped in price. The dry spell has resulted' in a paucity of outdoor mushrooms on tho market, and also of lettuce, sending up the price of the latter. Supplies of tho new season's vegetables are coming on to the market iii plenty, particularly from Ohakune. Values are: — FRUIT Apples, best Albany Beauty, 4d to Gd: Graveniitein,' 4d to Gd; cooking apples, 3d and 4d; oranges, Australian Valencias, Is Gd to 3s; Jamaican, 2s to 3s; California!), Slunkist, 2s Gd to 3s; lemons. In Od to 2s fid; bananas:, 5d and (id per lb; grapefruit, SuuJdst, Gd; Jamaican, 4d and 5d each; coconuts, 4il to Gd each; pineapples, Queensland variety. Is fid to 2s Od; mushrooms, outdoor, 2b to 3s; tomatoes, choice, Gd; others. 3d and 4d; local plums, 4d to 8d per lb: apricots, Sd and lOd; Otago greengages, fid and 8d; peaches, Is Gd to 3s a dozen; Gr«iiodillas. Od to Is 3d; raspberries, Is 2d ppt lb; black currants. Is Od; hothouse grapes. Is Gd to 2s (Id per lb; nectarines. Is per lb; blackberries, lOd to is ger lb; cooking. Bd. VEGETABLES Kumaras and onions, 51b, Is; rhubarb, 4d to Od a bunch; radish, spring onions, 2d; cabbages, Od to lOd; lettuce, 4d arid fid: silver beet, 3d per bunch; pumpkins, 3d per lb; potatoes, 2d; outdoor beans, Od per lb; carrots, 2d to 3d a bunch; parsnips, 3d a bunch; peas, Od: outdoor cucumbers, 2d to 3d each; beet, 2d per bunch; spring ninrrcws, 4d to 8d; new season's kumaras, fid per lb; cauliflowers, Od and 8d each. MEAT Beef.—Rump steak. Is 4d; undercut. Is Gd; beef steak, 8d; sirloin, lOd; prime ribs, 8d; prime ribs (boned and rolled), lOd; wing ribs (three chine bones), Od; topsido (41b and over), 7d; bolars, 7d; chuck rib, sd; rolled back rib, 8d; corned round, Od; corned brisket (boned!, Od; brisket and fiat rib, 4d; thin flank, 3d; gravy beef or shin beef, (id; minced beef, Gd; tripe, Od; dripping, Gd; suet, 4d; sausages, 4d; sausage meat, fid; whole shins or legs, 2d; half-shins or legs (thick end), 2half-shins or legs (knuckle end), 2d; ox kidneys. Is; ox tongues, lOd; ox tails, Gd; whole loins, 9d; whole rumps, lOd. Mutton.—Sides, 7d; whole legs. Od; cut legs, O'/jd; shank end (Gib or under), lOd; hindquarter, 8d; forequarter, Od; shoulder 7d; shank end of forequarter, o'/ 2 d; necks (best end), 7d; necks (scrag end), (id; loin, 8V a( i : middle loin chops, Is; leg chops, lid; rib chops, 1 Od; neck chops (best end), 8d; stewing chops, Gd; flaps, 3d; cutlets (trimmed), Is 2d; sheep's fry, 8(1; kidneys. 3d each; tongues, 3d each; sheep's head (dressed), Gd each; sheep's brains, 2d. New Season Lamb.—Forequarter, lid per lb; hindquarter, Is 2d; legs, Is sd; loins, Is 2d: sides, Is; lamb chops, Is 4d Veal.—Fillets, lid; loins, lOd; shoulder, 7d; cutlets and veal steak, Is Id; chops. Is; forequarter, Od; rolled veal, Od; veal rump steak, Is 3d. Pork.—Leg, lid; loin, lid; foreloin. with blade, Od; pork chops, Is; corned hand, 9d; corned belly, lid; pork sausages, Bd. FISH Schnapper and terckihi, whole, Gd per lb; fillets, lOd; smoked. lOd; skinned fillets*, with wings, lid; without wings, Is; steaks, 8d; terekihi. kippered fillets. Is 3d; trevalli, wholo, 7d each; smoked. 8d; smoked fillets, 4d and fid; John Dory, fillets. Is 2d; mullet, whole, Kaipara, fid- each; Auckland, 7d per lb; smoked, Kaipara, Od each; Auckland, lOd per lb; flounder. Is per lb; lemon •fish, fid por lb; silver strip, Od per lb; hapuku steaks, Is' 2d per lb; smoked, Is 3d; moki steaks, 8d per lb; smoked, Od per lb; kingfish, steaks, Sd per lb; smoked, Od; salmon, Is 3d per lb; smoked, Is 4d per lb; cod, fresh, Od per lb; smoked, Is 3d; gurnard, whole, 2d; fillets, l%d each; smoked, fill; barracouta, whole, fid; fillets, (id tier lb: smoked, 8d; cream fish. I'/id each; frostfish. Od per lb; hake, whole, (id per lb; smoked. 8d; kippers, Scotch, Is per p'.ir; crayfish, Od per ib; smoked schnapper roes, 2s (id per lb; fresh schnapper roes, .'s; smoked hapuku, Is 3d; mussels, fresh, 1r fid a dozen: rabbits, 10d each; cod fillets, Scotch, Is Od per lb; smoked bloaters, three for is; giblels, 8d per lb; mutton birds, lOd.

BACON AND HAM Bacon.—Shoulder rashers, Is 3d per lb; rib rashers, "Is Gd; by piece, shoulder cut. 10d to Is 2d. Hams: Rashers, Is 7d; pieces, Is sd; whole hams, Is 4d; htilf-hams, Is fid. BUTTER AND CHEESE Butter.—Factory, first grade, Is 4V,d per lb; second grade, Is 4d; farm butter, Is Id per lb. Cheese: mild, Is; tasty, Is Gd. EGGS Hen, A grade, Is lid; B grade, Is 8d; duck, A grade, 1s lid. MINING NEWS YIELDS OF COMPANIES Sandhills (Central Otago).—7Boz. 13dwt. from a further paddock at Tucker Beach, the plant is now being shifted to the eastern side of the river. Waitahu (Reofton). —A small paddock in Redman's Creek was completed for 440z. 19d\vt. for 51 shifts. Golden Sands (West Coast). —340z. 2dwt. for 38 shifts. BERLEI (N.Z.), LIMITED The annual meeting of shareholders of Berlei (N.Z.), Limited, was held yesterday. The accounts, details of which were published in tho Herald on January 22, were adopted. The retiring directors, Sir Harold Beau Champ and Mr. S. Reid, were re-elected.