COMMERCIAL.

Stratford Evening Post, Volume XXXI, Issue 90, 29 November 1911, Page 3

COMMERCIAL.

BANK OF N.S.W

3y Electric Telegraph.—Copyright.) (United Press Association.) ,Sydney* November 28. At the half-yearly'meeting of the dank of New South Wales the net profits were shown to be £222,013, making, with the £62,143, a total of £284,156 available for distribution. A mdend of 10 per cent, was declared, bsorbing £150,000, and £53,455 was dded to the reserve, making £2,025,00, and £80,701 was carried forward, our branches and four sub-branches • re opened during the half-year. The ■resident’s speech ' stated that the ote circulation had decreased by ■140,000, representing notes retired ad replaced by Commonwealth Bank otss at the'expense of coin. Their few Zealand note circulation, repremting £165,000, so far was untouch,l, but he was advised the New Zea:nd Government had introduced a ill on similar lines to the Common.ealth Bank. However, it would not perate till 1913. The deposits had icreased by £2,500,000. During the ear there had been increased mer- ' antile activity, as the result of the ood seasons and good prices. The ipital and reserve amounted to over ve million pounds. The hank pro>osed to continue steadily increasing cs reserves. The outlook for ,the pree’nt season was generally not unsatisfactory, but the frequent disputes ■etween employers and employees was ot calculated to advance the intersts of'the community. The report was adopted. A subseuent special meeting adopted the al,orations in the deed of settlement. Hr. Newton King’s Weekly Report. At the Haymarket on Saturday a ;ood yarding of pigs came forward, i'iio market opened with poor compeition, but improved, and prices realsod wore about on a par with last ■•ale. .1 quote: Slips and weaners 5s o 17s 6d, small stores 19s to £1 2s id, medium do. £1 10s to £1 13s fid, breeding sow £2, calves Is to 10s fid, dough £5 ss. At the Mart: A fair entry of poultry came forward, which met with keen competition, with demand again exceeding the supply. Killing hens 2s co 2s Id, pullets Is 9d, cockerels 9d to Is, ducklinds Is 9d, new potatoes id to J Jd II)., green peas Is peck, seed potatoes 3s fid sack, table potatoes 5s id to 6s cwt., furniture, drapery, and sundries at usual auction rates. FROZEN MEAT MARKET. The New Zealand Loan and Mer•antilo Agency Co., Ltd., have received the following cablegram from their London house under date, .24th inst:— Frozen Meat.—The market is firmer for mutton,and there is more enquiry for lamb. The market is slightly improved for beef (sides).