COMMERCIAL

Evening Star, Issue 18120, 9 November 1922, Page 7

COMMERCIAL

The directors of the Leyland, O’Brien Timber Company (Auckland) propose to distribute among the shareholders as a bonus, pro rata, 10,000 unallotted shares, and to pay a dividend of 10, per cent, free of tax, .5 per cent, of which was paid last April, SALES ON ’CHANGE j THIS DAY, Wellington,—Huddarfc, Barker, £3 Us 9d. Auckland.—Grand Junction, 10s Id, 10s; Auckland Gas—old 245, new 19a and 19a 3d; N(Z. Insurance, 27s- 6d f Auckland trams (prof.), 18s Bd. LONDON SHADE MARKET. Press Assertion— By Idegraph—Copyright. LONDON, November 7. Bank of Australasia, £l3 2s 6d; Bank of New South Wales, £34 2s 6d; Union. Bank, £l3 11s 3d; Bank of New Zealand, £9O 10s and_ 555; _New Zealand Loan and Mercantile, ordinary £77 10s. —A. and N.Z. Cable. FOREIGN EXCHANGE. LONDON, November 7, Foreign exchanges are demoralised owing to tho reparations _ difficulties, combined with tho disturbing Turkish pews. Marks were sold heavily, touching 39,000 to the pound and closing at 35,000. French francs closed at 69.15 and Belgian francs at 76.35. A. and N.Z, Cable. NELSON BROTHER,S. LONDON, November 7. (Received November 8, at 10.20 p.m.) At. Nelson Brothers’ meeting a credit balance of £74,974 was shown. A dividend of 10 nor cent, for the year, tax free, was declared, and £25,636 was carried forward.—A. and N.Z. Cable. BANKS AND WOOL SHIPMENTS. LONDON, November 7. (Received November S, at 1.10 a.m.) A meeting of representatives of Australian and "New Zealand banks agreed, if the wool-buyers here authorise them to accept woo! “received for shipment” bills of lading on tho conditions which the New Zealand Government proposed, the banks would not raise objections.— A. and N.Z. Cable. SYDNEY WOOL SALES. Australian and N.Z, Press Association. SYDNEY, November 8. (Received November 9, at 1.10 p.m.) The fourth series of wool sales has concluded. There was the keenest competition and demand foy all tho better classes, which were firm at, late rates. Poorer classes were irregular and prices sagged.