COMMERCIAL.

Evening Star, Issue 12205, 25 May 1904, Page 6

COMMERCIAL.

BANK OF NEW SOUTH WALES. Press Association—By Telegraph—Copyright. SYDNEY, May 24.—At the half-yearly meeting of the Bank of New South Wales the report submitted showed that the net profits amounted to £119,580. A dividend at tho rate of 10 per cent, was declared, £20,000 added to the reserve, and £IB.OOO earned to profit and loss new account-. The chairman, in moving the adoption of the report, stated that the liquid assets totalled £9,059,000, compared with £-9,353,000 last year. The advances showed an increase of £SSO£(X). Their business was of & steady character, which they aimed to keep. He congratulated shareholders on the improved condition of the country owing to an abundant harvest, and was hopeful of the crop and pastoral prospects. The report was adopted. Sir J. R. Fairfax was elected director in place of Mr CotteL, deceased. THE COTTON INDUSTRY. Press Association—By Telegraph—Copyright (Received May 25, at 8J54 lun.) BERNE, May 24.—Fifty delegates from cot ton-raising countries attended a Congress in Zi'rich to devise measures to counteract the gambling in cotton and to develop new sources of supply. AUSTRALIAN PRODUCE REPORT. Press Association—By Telegraph—Copyright. (Received May 25, at 10.10 a.m.) SYDNEY, May 25.—Wheat; Cluck, 2s 5d to 2s 7d; milling, 2s llJjd to 3s. Flour, £7 10s to £7 15s. Oats: Feeding (New Zealand). 2s 4d; Tartarian, 2s 6d; local, white, Is 9d; Algerian, Is Bd. Barley : (-ape, 2s 41 to 2s sd. Maize, 2s to 2s id. Peas, 3s 9d to 4s. Bran, bid; Pollard, 7/d. Potatoes : Tasmanians, £1 10s to £1 1&=. Onions, £2 to £2 ss. Butter (best) 7}d to Bd. Bacon, 6jd to 9d. MELBOURNE, Mav 25.—Wheat, 5s Old to 3s Id. Flour, £7 5s to £7 10s. Oats: Algerian, l.s Id to Is 3£d. Barley: Cape, Is 6d to Is lOd. Maize, Is lOd to Is lid. Bran and pollard, Potatoes, £1 10s to £2 2s 6d. Onions, £1 10s to £1 15s. ADELAIDE. May- 25.—Wheat, 2s lid to os Id Flour, £7 10s to £7 15s. Bran, 7d. Pollard. Bd. MONEY AND MARKETS. Press Association—By Telegraph—Copyright. LONDON, May 24. i Re-vivod May 25, at 10,19 a.m.) Ihe total quantity of wheat and flour afloat for the United Kingdom is 4,245.000 quarters, and for the Continent 1,970.000 quarters. blocks and Shares,—Banks ; Australasia, £B9; all others unchanged.