FINANCE & COMMERCE

Dominion, Volume 36, Issue 15, 13 October 1942, Page 2

FINANCE & COMMERCE

RESERVE BANK Sterling Exchange ■ Lower The sterling exchange funds of the Reserve Bank on October 5 totalled £28149,908, a decrease for the week of £469,423, The note issue at £26,022,577 has increased by £115,534. The statement, as at Monday, October 5, is as follows: — LIABIDITIES.

Sk a nour ve . f “. Dd ..::::: « an S U ittlbmU .!- 10,338,720 18 10 (b) Banks 21.105.2 S 6 2 i(c) Other 1,266,270 13 8 Liabilities other than in - N.Z, currency 1 37,629 14 o Other liabilities 1,330,4i>8 - 8 £ (N,Z.)62 1 500,878 15 9 ASSETS. 2,801,877 10 0 (ib) Sterling exchange 26,140,0T8 610 Subsidiary coin -l,ouo 11 U Advances — 0 Dept. . 3,160,115 18 5 (2) For other purposes 24,300,000 0 0 Investments 13 1 Other assets 1,9126,694 15 6

£(N.Z.)G2,500,578 15 9 Proportion of reserve to notes and other demand liabilities, 48.472 per cent., compared with 50.191 per cent. #n September

" B The reserve on October 5 amounted to £28,905,155, a decrease of £-tG6,271. A rear ago the reserve totalled £17,630,0-9. y Sterling exchange on October o zmonnted to £26,140.908, compared with £-0,610,331 on September 28, a decrease of £46J,423. Liabilities in currencies other than New Zealand currency were £37,030 (a «e crease of £3152), thus making the banks net overseas assets £26,103,278, a decrease for the week of £466,0T1.__A year ago these assets totalled £14,828,100. Advances to the State Marketing Department total £3,160,116, a ,. furt ‘ l ® r n A e t cl T G S ! of £351,190, A year ago they stood at £O, 376 862 Advances to the 'State for other purposes now stand at £ 24 ; S ®2’!^! n( ?X )O ln ; crease of £2,000,000, against- £13,u00,000 a je The'note issue on October 5 £20,922,577, an increase for the week or £115,534. A year ago it stood at £—,- 25 DMiand liabilities to the State w.ioiint to £10,338,721, an Increase of £084,813. ine trading banks’ reserve balances total £-1,105.222. a decrease of £170,J»3. Utner ue mand liabilities at £1,266,271 have inCr l?h e ell st b a y tement 6 belaneeß at £62,50X879. an Increase of £1,172,210.

Stock Exchange Sales Dealings in stooks and shares recorded on New Zealand Stock Exchanges day were as follows, the “'>®ber 6f sharo® In each lot being shown in the case or Wellington :— WELLINGTON. No. of £ s. d. shares. £IO ’ OWL im%M-53 U ’... 3 .. P . 0 £2,280 4 per rent., fl 8 Bank of 2 9 15 0 100 Broken Hill Pty 1 AUCKLAND. Bank of N.Z., £2/0/9: Standard Insure North Broken Hill, £-!/>>/-. CHRISTCHURCH. Felt aud Textiles, £ AY 1/14/3 : cries, £l/13/6; N.Z, Paper Mflffi. £l/14/3. Whltcombe and iombs. £4/o/ • ♦Date sale Friday. DUNEDIN. E.S. and A. Bank, £3/12/-; Macduffs Ltd., ord., 5/9. Bank Of N.S.W. The Bank of New South' Wales that transler books viiiciusv purposes ou November J. Electric And Plumbing Supplies, Ltd. tlUs year. After Hay’s, Ltd. Dividend Hav’s Ltd-, Christchurch, Have declared . SV, '”S“dS Gold Mining Alexander Mines Limited report for the Al xanuer bt >rDevelopment: No. 0 month of , '.i-iye was resumed, and to £ 1 mieraHons were’m’"?' up oS‘ t"w occasions for a d‘»v through lack of power; however, tho plant Is now running very "ell. The Gillespies Beach return totalled 250 z. 3dwt. for 130 hours from 15,b1, y The’ Associated Gold Dredges return for the week ended October 10 was 150 ounces from 55,000 yards.

Pukekohe Produce Prices Dominion Special Service. PUUEKEKOHE, October 12. The demand for vegetables grown at Pukekohe continues to exceed the hupply. A price order gazetted ou I' rlday, however has brought tho price of new potadown to 38/« a cwt. or £3B a ton for lots of half a ton or more, against tho celling price of 45/0 a cwt which ruled nst week. Cabbages are still bringing up to 10/6 a Chapman hag and cauliflowers 19/- a chapman bag, while carrots and parsnips remain at 21/- a cwt. Swedes have moved up 2/- a cwt. since last Monday being now 12/-. Cabbage plants remain at 14/- a thousand and onion plants at 9/- a thousand.