OVERSEAS MARKETS.

Star (Christchurch), Volume LXVI, Issue 20540, 15 February 1935, Page 9

OVERSEAS MARKETS.

Quotations for Grain and j Produce. AUSTRALIAN PRICES. MELBOURNE, This Day. Wheat—2s llJd to 2s Hid. Flour—£7 15s. Bi'an—£4 15 s. Pollard—£s. Oats—2s 5d to 2s 5Ad. Barley (English)—2s lOd to 3s. Maize—3s 6d. Potatoes—£ll 10s to £l2 10s. Onions—£B Ps to £8 12s 6d. SYDNEY, February 14. Wheat—New season’s, on country sidings, bagged 2s 4d, bulk 2s 3id equal to 2s lid and 2s lljd, ex trucks, Flour—£lo 7s 6d per ton. Bran—£4 10s, pollard £5. Potatoes—Tasmanian £ll to £l3: Victorian £ll. Onions—Victorian Brown Spanish £ll, white £lO 10s. Maize—Yellow 3s 4d. ADELAIDE. February 14. . Wheat—Growers’ lots, new season 2s Od, old crop 2s 6Jd. Flour—Bakers’ lots, £lO 12s 6d. Bran—£s. pollard £5 2s 6d. Oats—Algerian Is lOd to Is lid. Barley—2s 7d to 2s Sd. DAIRY PRODUCE. LONDON, February 14. Butter.—Quiet, after activity earlier in the week. Danish 114 s; choicest salted, New Zealand 80s, Australian 88s: unsalted, New Zealand 955, Australian 925. Cheese.—Firm. New Zealand, coloured and white, 495; Australian, coloured 465, white 475. Kationc.l Mortgage and Agency. Messrs A. J. Mills and Co., Ltd., London, report:— Butter market Is qviet. Finest, 88s to 89s; firsts. S7s to 88s; Danish. 116 s; r.0.b., 965; Australian, 88s to S9s. Cheese market is steady. White. 49s to 49s 6d; coloured, 48s 6d to 495: Canadian, white 62s to 645; coloured 5Ss to 60s. Dalgety and Co., S,td. Samuel Page and Son report from London:— Butter.—Market very slow. Danish, 965; finest New Zealand, 89s to 90s; finest Australian. i*nsalted 92s to 935, salted 88s to 89s: g.a.q., 86s to 89s. Cheese.—Market slow. Quotations; New Zealand, white 4Ss 6d to 495, and coloured 48s to 48s 6d; Canadian, spot, white and coloured, 56s to 60s.

THE WOOL TRADE.

German Buying to 3e More Extensive. LONDON, February 14. The Berlin correspondent of the “Financial News” says; The Wool Control Board has authorised domestic mills to purchase the whole of the basic quota allotted for six months to March 31. Previously only two-thirds had been released, and the decision means more extensive purchases abroad. Nevertheless, the basic quota represents a reduction of over 35 per cent when compared with the normal consumption of the mills.” SYDNEY WOOL SALES. SYDNEY, February 14. At the wool sales to-day 12.162 bales were offered and 10,499 sold, while 1323 were sold privately. The market was firm for all better descriptions of fleece and skirtings, but average to good top-making fleece and inferior descriptions are still irregular. Bradford and Japanese buyers were the main operators, with good support from France and Germany on better descriptions. Greasy merino sold to 24*d. equalling the Australian record of the season, for five bales. MELBOURNE SERIES. United Press Assn.—By Electric Telegraph—Copyright. (Received February 15, 12.50 p.m.) MELBOURNE, This Day. There was animated bidding at the Melbourne wool sales, which resulted in a 90 per cent clearance of the $592 bales offered. Top prices were:—Merino 17£d—the highest of the present series—and comeback 16|d. RESERVE BANK. Weekly Statement. Per Press Association. WELLINGTON, February 14. The “Gazette” issued to-night contains a statement of the assets and liabilities of the Reserve Bank of New Zealand as at the close of business oo February 11: Liabilities. £s d £ Paid-up Capital 500,000 0 0General Reserve Fund 1.000,000 0 0 Bank notes . 9,422,307 10 0 80,065* Demand liabilities— (a) State . 9.281,260 17 1 718.557 t (b) Banks. 6.794,633 11 2 C39.556* (c) Other . 6,140 13 7 363 t Other liabilities 49,402 0 5 692* £27.053.744 12 3 Assets. Reserve—(a) Gold . 3,001,731 0 0 (b) . Sterling exchange 21,831.211 6 7 17,270* Subsidiary coin 189,178 19 5 lolf Investments . 2,006,710 911 lo.OlOf Other assets 24,912 16 4 716 t £27,053,744 12 3 Proportion of reserve (reserve less liabilities in currencies other than New Zealand currency) 97.36 per cent, tlncrease.

COMMONWEALTH DEBT. United Press Assn.—By Electric Telegraph—Copyrlgnr. (Received February 15, 1 p.m.) CANBERRA, This Day. A statement issued by the Federal Treasury shows that the public debt of the Commonwealth and States at December 31 last reached £1,237.000,000, of which £394,000,000 was Commonwealth debt. Inquiries are being made into the possibility of establishing in Ceylon the manufacture of glassware, canvas shoes with rubber soles, indiarubber goods and similar articles such as Japan has been selling in that country.