SAME TRENDS

Evening Star, Issue 23692, 27 September 1940, Page 5

SAME TRENDS

STEADY DEMAND PERSISTS TURNOVER ONLY MODERATE The only business on the Stock Exchange ' this morning resulted from an offer of the preference issue of Wright, Stephenson, and Co. Ltd. at £1 Os 6d, which was immediately snapped up. Another offer at the same figure. also resulted in a sale, and the bid stands at the same level as formerly, 19s M. ■ Late trends were again unaltered. The quotation list is gradually getting shorter, although there is still a strong demand for gilt-edged lines, A sale of Lank of Australasia was reported at £B, and the contributing issue of New Zealand Refrigerating at 9s sd. An offer of Westport Coals was at a high figure, with the bid standing at the late level. There was also an offer of Macduffs Limited (ord.) at 12s.' SALES REPORTED. —Yesterday.— National Bank of New Zealand, £2. llilburn Lime, £2 Os 9d. —This Morning.— Bank of Australasia, £B. New Zealand Refrigerating (cont.), 9s fid. —On ’Change.— Wright, Stephenson, and Co. Ltd. (2), £1 Os fid. FRUIT AND PRODUCE : MAMET CONDITIONS UNCHANGED Eeillys report as follows: Fair supplies of fruit and produce have been coming forward, and business has been satisfactory. In dessert apples, Deli- , cious and Stunners are the main varieties , obtainable. Small consignments of cook- ■ jug apples are also coming forward and * prices for all apples show a slight ad- ; vance. There is a good demand. Only small supplies of dessert pears are coming to u hand. Heavy supplies of cut flowers are arriving, and for these there is a fair inquiry. Oranges are now sold out of wholesalers’ hands, and retailers report that the ... fruit, which is of excellent quality, is meeting a satisfactory sale. Fair supplies of New Zealand lemons are arriving, and the demand for these is'quite satisfactory. Ripe bananas .are now unobtainable. A shipi meut is expected, and this will have a very ' deen demand. . , ■ Rhubarb .is in heavier supply at lower ■▼•lues. Fresh vegetables have a fair inquiry, cauliflowers, spring cabbages, and good quality lettuces being in demand. There, is a little better demand for carrots ■ and; parsnips, but supplies arriving are { ample.. Little demand - is being experienced ' ifdr table potatoes, and sales are difficult, ipven at very low values. .There are some ■ Bice quality onions coming forward from Canterbury, meeting with a fair demand. Seed potatoes have little inquiry. Only limited supplies of whitebait are coming to hand and the market is firmer. Increased supplies of eggs are being received, and values ere lower by Id a dozen. Fairly heavy supplies of poultry are to hand, consisting principally of cockerels, for which there was a limited inquiry. RES|AVE& BANK THE WEEKLY STATEMENT ■ r ——_ : ’ (Per United Press Association.] WELLINGTON, September 26. The following is a statement of the assets end liabilities of the. Reserve Bank as at the close, of business on .September 23: —Liabilities.— Last week. 'This week. , ■£ £ 1. General Reserve Fund 1,500,000 1,500,000 «. Bank . notes ... . 20,028,497 20,099,248 .‘I. Demand liabilities—- ' . (a) State ... 5,535,409 5,038,860 (b) Banks ... 14,516,297 14,412,657 ; (c) Other ... 159,921 177,955 Time deposits 5. Liabilities in currencies other than New Zealand currencies ... ... 634,608 12,511 «. Other liabilities 832,917 977,748 Total ...£43,207,653 £43,218,978 —Assets.— 7. Reserve — (a) Gold ... 2,801,852 2,801,852 (b) Sterling exchange ... 10,217,038 10,101,854 (c) Gold exchange 8. Subsidiary coin 113,572 118,588 9. Discounts—(a) Commercial and agricultural bills (b) Treasury and local body bills . 10. Advances—fa) To‘ State or State undertakings— (l) Primary Products Marketing Department 3,247,788 3,034,082 (2) For other ’ purposes ... 24,040,000 24,040,000 ■ (b) To other ' , public authorities _i (c) Other 11. Investments • ... 2,553,219 2,553,220 12. Bank buildings 13. Other assets ... 234,182 569,383 Total ... £43,207,653 £43,218,978 Proportion of reserve (No. 7 less No. 5) to notes and other demand liabilities 30.776 p.c. 31.651 p.c. Sterling exchange is expressed in New Zealand currency. SYDNEY STOCK EXCHANGE Press Association —By Telegraph—Copyright SYDNEY, September 26. The Stock Exchangers steady, bub quiet. Morning Sales.—Associated News, 14s 6d; Anthony Hordern (pref.), £1 0s 3d; Australasian Paper, £1 10s 9d; Australian Consolidated Industries (cont.), 18s; Broken Hill Proprietary, £2 4s 3d; Drug Houses. £1 6s 7Jd; Electrolytic Zinc (pref.), £2 12s 9d. Afternoon. —Commercial Banking of Sydney, £l9 16s; National Bank (£5 paid). £5 12s; Tboheys, £1 9s; Colonial Sugar, £47 12s fid; Newbold, £1 fis 9d; Peters, £1 0s 9d; Standard Cement, 19s Id; Wunderlich, £1 0s fid; Woolworths 18s; Kandos, 18s fid; Yarra Falls, £2 3s. x .The, Melbourne Stock Exchange was closed to-day because of the Royal Show. AUSTRALIAN MARKETS SYDNEY, September 26. The wheat market is quiet. Silo grain is quoted at 3s ll]d and bagged at 4s 3jd. Flour, £l2 10s. Bran and pollard, £5 10s. Potatoes': Tasmanian, £l3 10s In £ls 10s; New Zealand white skins. £l3: Dakota Red, £l2 10s. Onions; Victorian brown, €B,, Maize: Yellow, ss, ‘