RESERVE BANK RETURN

New Zealand Herald, Volume LXXVI, Issue 23470, 6 October 1939, Page 3

RESERVE BANK RETURN

STERLING £27,000 HIGHER INCREASE IN ADVANCES TOTAL £822,000 GREATER [BY TELEGIUrn PRESS association] WELLINGTON, Thursday The Reserve Bank return for the ■week ended Monday, October 2, was gazetted to-night. The statement is balanced at £33,962,983, or £592,064 more tiian at the close of the previous week. Notes and other demand liabilities aTo some £537,000 higher in value than in last week's statement. The sterling exchange reservo at £5,338,703 is £27,023 higher. The ratio has decreased from 25.822 per cent to 25.473 per cent. Advances to the Primary Products Marketing Department are £271,996 higher. Those for other purposes havo increased by £550,000 to £16,800,000. Tho statement with variations, compared with the week 'before, is as* follows: — LIABILITIES' Variation £ £ Gen. reserve .. 1,500,000 Same Bank notes .. 1G,89.1,027 +243,332 Demand liabilities— State .. 1,801,710 +7,173 Banks .. 12,965,055 +391,430 Other .. 236,058 -104,537 Other currencies . 16,123 -26."> Other liabilities .. 552,110 +54,920 Total .. 33,962,083 +592,061 ASSETS Reserve— Gold . . . 2,801,839 Same Sterling Ex. 5,338,703 +27,023 Subsidiary coin .. 234,316 -6,126 Advances— Marketing .. 4,865,262 +271,996 Other .. 16,800,000 +550,000 Investment .. 3,813,245 -2,879 Other assets .. • 109,618 -247,950 Total .. 33,962,953 +592,064. Proportion of reserve to notes and other demand liabilities, 25.473 per cent (25.822 last week). The, principal items in this week's return are compared with those at the corresponding date last year in the following table: — (000's omitted) 1939 1038 Variation £ £ £ Notes .. 16,891 13,799 +3,09 4 2 Deposits— State .. 1,802 3,367 -1,565 Banks .. 12,965 5,904 +7,061 Exchange .. 5,339 30,595 -5,256 Advances— Produce . 4,865 3,981 +BB4 Other .. 16.500 4,575 +12,225 Ratio (p.c.) . 25.473 57.259 -31.756 THE MARKET BASKET ISLAND TOMATOES DEARER CHEAPER NEW POTATOES A slight upward trend in produce prices has taken place during the week. Australian navel oranges havo finished and the Valencia variety is now selling at four, five and six'for Is. Island tomatoes and tree tomatoes both are dearer. Island pawpaws 'have made, their appearance at prices ranging from Is 6d to 2s each. Cabbages are slightly dearer at 4d to 8d each. Carrots have risen nother Id per lb., but new potatoes are 2d cheaper than last week. Prices are:— FRUIT Apples, Golden Delicious, 8d; Rpme Beauty, 6d; Granny Smith, 8d; Sturmer, 6d; Delicious, ,6d; oranges, Valencias, 4, 5 and 6 a Is; lemons, Is 6d to 2s a dozen; grapefruit, local, 2s to 2s 6d a dozen; Poorman' oranges, Is 64 a dozen; tomatoes, best hothouse, 3s per lb; Island, Is Gd to 2s; bananas, sd; coconuts, 4d to 6d; pineapples, Is to 2s each; California!! grapes. Black Ribiers, Is 8d per lb; white, Is 8d; "Winter Nelis pears, 6d and Sd; cooking pears, 6d; tree tomatoes, Is to Is 4d; passion fruit, 3 and 4 for Is; Island pawpaws, Is 6d to 2s each.

VEGETABLES Kumaras, 5d and Gd per lb; onions, 4d and ftd; rhubarb, Sd to Is a bunch; spring onions, 2d; radish, 2d; cabbages, -Id to Sd; cauliflowers, Od to lOd; lettuce, 3d to 6d; silver beet, 3d a bnnch; spinach, 2d and 3d a bunch; pumpkins, 6d per lb; potatoes, Ohakune, 4d per lb; South Island, 3d per lb; new potatoes, -Id to 6d per lb; carrots, ftd per lb; celery, 4d to Od a bunch; table celery, Sd to Is; turnips, 2d a bunch: swedes, 2d per lb; leeks, 2d and 3d; artichokes, 3d per lb; parsnips, 4d; hothouso cucumbers, 30d to 3s each; Island, green. Sd to Is. FISH Schnapper and terekihi, whole, 6d per lb; fillets, 10d; smoked, lOd; skinned fillets, with wings, lid; without wings, Is; steaks, Sd; terekihi, kippered fillets, Is 3d ; trevalli, whole, 7d each; smoked, Sd; smoked fillets, 4d and sd; John Dory fillets, Is 2d; mullet, whole, Kaipara, Gd each; Auckland, 7d per lb; smoked, Kaipara, Dd each; Auckland, lOd per lb; flounder, Is per lb; lemon fish, ftd per lb; silver strip, Gd per lb; hapuku steaks, Is 3d per lb; smoked. Is 3d; moki steaks, 8d per lb; smoked, Od; kingfish, steaks, Sd per lb; smoked, Od; smoked cod, Is Gd; gurnard, whole, 2d; fillets, l%d each; smoked, Gd; barracouta, whole, ftdr fillets, Gd per lb; smoked, Sd; cream fish, Gd per lb; smoked, Sd; kippers, Scotch, Is a pair; frost fish, Gd per lb; hake, whole, Gd per lb; smoked, Sd; crayfish, Od and lOd per lb; rabbits, 3s each; Stewart Island oysters, 2s 3d a bottle; Scotch cod fillets, Is Gd; findon haddocks, 3s Od; whitebait, Is a carton. MEAT Beef. —Hump steak, Is 4d; undercut, Is Gd; beef steaks, Od; sirloin, lOd; prime ribs, Sd; prime ribs (boned and rolled), lOd; wing ribs (three chine bones), 9d; topside (4lb and over), Sd; bolars, Sd; chuck rib, Gd; rolled back rib, Od; corned round, 9d; corned brisket (boned), Gd; brisket and flat rib, j <td; thin flank, 3d; gravy beef or shin beef, 7d; minced beef. 7d; tripe, 7d; dripping, Gd; suet 4d; sausages. Gd; sausago meat, od; wlioio shins or legs, 2V s d ■ half-shins or legs (thick end), 3d; half-shins or legs (knuckle end), 2'/ 2 d; ox kidneys, 3s; ox tongues, lOd; ox tails, 7d; whole loins, 9d; whole rumps, 10 Mutton.—Sides, ftVid; wholo legs, Sd; cut legs B%d; leg (shank end), Gib and under, Od;' forequarters, ftd; shoulder, Gd; shank end of forequarters, sV=d; neck (best end), Gd; neck (scrag end), ftd; loin, 8d; middle loin chops, 3ld; leg chops, lOd; rib chops, Od- neck chops, best end, 7d; stewing chops. Gd- flaps, 3d; cutlets (trimmed), Is 2d; sheep's frv, 30d; kidneys, 3d-, tongues, 3d; sheep's bead (dressed). Gd; sheep's brains 3d. New Season's Lamb. —Sides, Is sd; hindquarters, Is Gd; legs, 1s Sd; loins, Is Od; forequarters, Is 4d. Veal. Fillels. is; loins, lid; shoulder, Sd; cutlets and veal steak. Is 2d; chops, 3s 3d; forequarters, 7d; rolled veal, Od; veal rump steak. Is -Id. BUTTER 'AND CHEESE Butter. —Factory, first grade. Is 6Vad per lb- second grade, Is Gd; farm butter, Is 4d. Cheese: Mild, 3s 2d; tasty, 3s Od. EGGS Hen, A grade, Is Sd; B grade, Is 7di duck, A grade. Is Gd; B grade, Is 4d. SHORT LOANS AND BILLS LONDON DISCOUNT RATES LONDON, Oct. i Discount and short loan rates on tho London market, compared with those of September 27, are as follows: — Sept. 27 Oct. 4 p.c. |).c. Day-to-day loans . .. ?Vi n .V/ a , Fine trade bills (3 mos.) 4 1 /, to ft 3Vi to 4 Bank bills (3 months .. 3% 2/i Bank bills (6 months) . .' 4% 3 Treasury bills (2 months) 3 2 Treasury bills (3 mont(is) 3 2 New York call money is unchanged at 1 per cent. QUOTATIONS FOR TIN LONDON, Oct. 4 Tin is quoted at £230 a ton spot and £229 10s a ton three months de- ,, livery.