COMMERCIAL

Poverty Bay Herald, Volume LXIV, Issue 19456, 15 October 1937, Page 11

COMMERCIAL

BANK NOTES HIGHER RESERVE BANK RETURNS (For Press Association.) WELLINGTON, this day. The Gazette issued last night contains the following statement of the assets and liabilities of the Reserve Bank, as at the close of business on October 11, as compared with October 4:— LIABILITIES.

SOME RECOVERING AUSTRALIAN MARKETS (Elec. Tel. Copyright—United Press Assn.; SYDNEY, Oct. 14. On the Stock Exchange to-day, most metal shares made a partial recovery, but there was some irregularity among industrials. Sales were as follows: ■ Bank of New South Wales, £33 12s (id; Colonial Sugar, £42 7s; United Insurance, £10; Associated News, £1 2s 101 d; do., preference, £1 4s; Burns, Philp, £2 18s 3d; Australian Gas, B, £7 8s; British Tobacco, £2 8s (id; Tooths, £2 Iss; Tooheys, £1 11s; Dunlop-Perdriau, £1 Is lOld; Stedman, 15s 7Ad; Morts Dock, Claud Neon, £2 9s; Amalgamated Wireless, contr., N.Z. delivery, £2 13s; Edwards Dunlop, £2 7s (id; Malleys, £1 2s; Carriers, £1 15s 3d; J. Fielding, £4 ss; Felt and Textiles, £2 Is 3d; Newbold Brick, £1 15s 3d; United Provisions, 7s Gd; Goldsbrough Mort, £1 13s 3d; Wilcox Mofflin, 11s 2d; Henry Jones, £2 9s; Electrolytic Zinc, £2 12s; do., oreference, £2 14s 9d; Mount Lycll, £1 18s 3d; Broken Hill Proprietary, £3 17s; New Broken Hill (in future known as New Broken Hill Consolidated). 14s 4d; North Broken Hill, £2 18s 6d; Rawang, 10s 9d; Larut, lGs 9cl; Emperor, 11s lOd. A firm market prevailed at Melbourne to-day, with an improved tone in barriers and industrials. Buyers were influenced by the better tone reported from overseas. Sales were as follow; —Commercial Bank of Australia, 17s 4d; National Bank, £5 paid, £7 3s; Howard Smith, £1 Is 2d; British Tobacco, £2 8s; Carlton Brewery, £3 4s; G. J. Coles, £4 12s Gd; Aust. Iron and Steel, prof., £1 8s; Australian Glass, £4 11s Gd; Dunlop-Perdriau, £1 Is lOd: do., preference, £l. 18s; Goldsbrough Mort, £1 13s l?d: Australian Paper Manufacturers, pref., 14s; Felt and Textiles, £2 Is 3d; Cox Bros., 17s Gd; Electrolytic Zinc, £2 12s 3d; dopreference, £2 14s Gd; Mount Morgan, 9s 8d: Mount Lvell, £1 18s; Broken Ililt Proprietary, £3 lGs 9d; North Brokens, £2 18s Gd; Souths, £2 Os Gd; Emperor, Its 9d; Loloma, 18s 9d.

AUSTRALIAN PRODUCE SYDNEY, Oct. 14. Wheat, silo lots, is quoted at 5s 4kl: bagged, 5s Gd; flour, £l2 10s per ton; bran and pollard, £7 10s; potatoes, Tasmanian, £5 10s; others, £4 10s; onions, Brown £l4; local, white, £10; maize, 5s Gd.

Oct. 4. Oct. 11 £ £ General reserve 1,500,000 1,500,000 Bank notes .. 12,954,005 13,081,032 Demand liabilities— (a) State . . 5,210,108 5,233,653 (b) Banks . . 7.351,779 7,168,143 (c) Other .. 345,189 428,287 Other liabilities 138,964 139,226 Total . . 27,506,050 27,550,342 ASSETS. Reserves — (a) Gold .. 2,801,791 2,801,791 (b) Sterling ex. 17,462,300 17,567,432 Subsidiary coin .. 93.518 92,634 Advances to State —• (a) Dairy industry account .. 3,649,625 3,606.879 (b) Other purposes .. 500,000 500,000 Investments .. 2,906,450 2,906,450 Other assets . . 92,365 75.154 Total .. 27,506,050 27,550,342 Proportion of reserve to notes and other demand liabilities, 78.611 per cent.