COMMERCIAL NEWS

Ashburton Guardian, Volume 57, Issue 253, 6 August 1937, Page 7

COMMERCIAL NEWS

THE RESERVE BANK. THE WEEKLY STATEMENT. (Per Press Association.) WELLINGTON, August 5. A Gazette issued to-niglxt contains the following statement of the assets and liabilities of the Reserve Bank of New Zealand a 9 at the close of business on August 2: —

THE SHARE MARKET The following sales were made on the Christchurch Stock Exchange yesterday:— LISTED STOCKS. Sales on ’Change.

GRAIN AND PRODUCE. CHRISTCHURCH MARKETS. CHRISTCHURCH, August 4. The potato market continues firm, with a little better inquiry from the North Island. Other sections are quiet. The following are quotations to farmers on trucks at country stations, sacks extra unless otherwise stated: Milling Wheat—F.a.q. Tuscan 5s 4*Jd, Hunters 5s 6Jd, Pearl 5s B|d (August delivery). Fowl Wheat —G.w.f. 5s 3d f.0.b., under-grade, 4s lOd to 5s (according to quality). Oats—Gartons 2s 9d to 3s 3d, Algerians, 2s 8d to 3s; Duns, 2s 6d to 3s 3d (according to quality). Cocksfoot—4d to lOd (according to qualify). Ryegrass —Perennial, 2s 9d to 3s 3d (according to quality); Italian, 2s 9d to Bs. White Clover-8d to lOd. Cowgrass—6d to 7d. Partridge Peas —4s 3d to 4s 9d; under-grade, 3s to 4s 2d. Flour—£l3 15s 6d, in 2001 b sacks. Bran—£4 Los to £5 5s (local prioe). Pollard—£6 5s to £6 15s (local price).

Chaff—£4 to £4 10s (according to quality). Potatoes —Prompt: Dakotas, £6 ss; white, £5 10s. Onions—£lo to £ll (first quality). THE MARKET IN SYDNEY. SYDNEY, August 5. Wheat—The market is lower as a result of the weaker tone overseas. Silo grain is selling at 5s 3d bagge wheat (nominally) at 5s sd, and in. the country at 4s 8d a bushel. Flour —£13 a ton. Bran and Pollard—£7 10s a ton. Potatoes —Tasmanian £5 10s a ton, others £4 10s. Onions—Brown £l3 a toil. Maize —5s 6d a bushel.

LIABILITIES— £ s. d. General reserve ... 1,500,000 0 0 Bank notes 12,630,571 10 3 Demand Liabilities— State 6,725,664 16 7 Banks 9,793,842 16 4 Other 568,331 8 2 Time deposits — Liabilities in currencies other than New Zealand currency — Other liabilities .... 94,626 4 7 Total 31,313,040 15 8 ASSETS— £ s. d. Reserves: Gold 2,801,791 0 0 Sterling exchange . 20,876,822 8 6 Gold exchange ... — Subsidiary coin .... 110,161 14 3 Discounts— Commercial and — agricultural bills — Treasury and local body bills — Advances— To State or State undertakings: Dairy industry account 4,213,700 3 3 For other purposes 300,000 0 0 To other public authorities — Other — Investments 2,906,450 0 0 Bank premises — Otjier assets 104,115 9 8 Total 31,313,040 15 8 Proportion of reserve to notes and other demand liabilities 79.676 per cent.

£ s. d. 100 Goldsbrough, Mort ... 1 15 10 600 N.Z. Refrig. (10s pd.) 0 9 5 (4) 0 9 6 200 Broken. Hill Propty. (2) 4 3 8 (2) 4 3 7 100 Dunlop Rubber 1 3 10 50 G. J. Coles (ex r’gts.) 4 19 0 100 Wilson’s Cement 1 0 0 ‘ 50 Electro. Zinc (pref.) 2 18 5 500 Woolworths (South Africa) ... (3) 0 17 6 2000 Waimumu Sluicing (4) 0 0 8 300 Broken Hill South ... 2 9 6 2 9 7 2 9 10 (3) 2 10 0 50 Mount Lyell 2 3 4 600 Mount Morgan (3) 0 12 0 0 12 0* (2) 0 12 1 250 North Broken Hill ... 3 16 0 (2) 3 17 •3 400 Rawang Tin ... (4) 0 12 6 Sales Reported. 50 National Bank of N.Z. 3 0 9 100 Bank of N.Z. 2 4 6 500 N.Z. Refrig. (10s pd.) 0 9. 6 100 N.Z. Breweries (eont.) 1 14 7 50 Aust. Glass 4 14 6 150 Broken Hill Propty. 4 3 10 300 Dunlop Rubber 1 3 9 100 Woolworths (N.Z., rights) ... (2) 4 4 0 100 Radio (1396) 1 5 6 900 Gillespie’s Beach 0 1 4* 1500 Waimumu Sluicing ... 0 0 8 50 Mount Lyell 2 3 6 30 Placer Development 4 2 6 UNLISTED STOCK Sales on ’Change. 25 Woolworths (Sydney, ord.) 6 10 0. Sales Reported. 50 McKenzie’s Department Stores 4 4 0