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COMMERCIAL.

LONDON WOOL MARKET. Messrs Murray. Roberts, and Co.. Ltd., have received the following wool market cablegram, dated 27fch inst.. from their London agents, Messrs Sanderson, Murray, and Co. “ Merino tendency is downwqrds. Cross-bred market firm, with hardening tendency for prompt delivery." BANK OF N.S. WALES. Press Association —By Telegraph—Copyright. SYDNEY, November 27. The Bank of New South Wales's halfyearly report shows that the not profits arc £246,323. Owing to the war the cash and coin balances have increased in London by £1,600,000, and in Australasia bv £BOO,OOO. The note circulation in New Zealand has slightly increased. The Dominion Government’s measures for relieving financial stringency and enlarging the nso of individual bank notes have proved satisfactory. The bank was never m a better position ,to meet an unexpected state of. affairs. The balance available for distribution is £315,729, including £69,405 brought forward. A dividend of 10 per cent, is recommended, £50,000 is to be added to the reserve fund, and £90,727 carried forward. THE MOUNT LYELL COMPANY. Press Association—By Telegraph—Copyright. MELBOURNE. November 28. (Received November 28, at 9.35 a.m.) At the half-yearly meeting of the Mount Lyell Company the chairman said lie was disappointed at not being able to declare a dividend, hut they were fortunate in being able to continue operations, though lie did not like accepting low prices. Since the war 3,300 tons of copper had been sold at £52,65, and they could sell now more than they jiad for sale. THE DROUGHT ONLY A TEMPORARY SET-BACK. Press Association—By Telegraph—Copyright. SYDNEY, November 28. (Received November 28, at' 9.35 a.m.) The chairman of the Bank of Now South Wales, referring to the effects of the drought, said the bank’s business was so well spread that such conditions do not involve more than a temporary setback to their, constituents who are engaged in the wheat industry. The bank was ready to afford financial aid to enable them to meet and retrieve the situation. THE MARKETS. Press Association —By Telegraph—Copyright LONDON, November 27. (Received November 28, at -11.50 a.m.) Danish butter, 143 a to 1465. Copper.—Spot, £54 fis; three months, £54 12s fid; electrolytic, £57 15s. Tin.—Spot, £142; three months, £l4l. Lead, £l9 to £l9 2s 6d.

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https://paperspast.natlib.govt.nz/newspapers/ESD19141128.2.70

Bibliographic details

COMMERCIAL., Issue 15662, 28 November 1914

Word Count
366

COMMERCIAL. Issue 15662, 28 November 1914

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