COMMERCIAL.

Timaru Herald, Volume XIIIC, Issue 14324, 14 October 1910, Page 5

COMMERCIAL.

AUSTRALIAN MARKETS. 'Press A ssh;c.iatio: j-By Telegraph-Copyright Received 11.35 p.m., Oct. 13th. SYDNEY, Oct. 13. Wheat is absolutely lifeless. There are practically no buyers, and shippers' limit is 3s 9J«I. Holders are mostly wanting 3s lUid. Millers are oil' the market owing to lack of fresh orders. Flour is also lifeless at £9 10s. Oats, Tasmanian, 2s Sd ; Algerian 2s 7d, feeding 2s 3d. Potatoes, £B. MELBOURNE. Oct. 13. Wheat, 3s lOd. Flour, £9 ss. Oats, Algerian, 2s; whites 2s 7d. Potatoes, £0 7s. ADELAIDE, Oct, 13. Wheat, os Sd. Flour, £S 5s to £3 10s.

SHEEP SHOW. ROMNEYS AT THE SYDNEY A REMARKABLE PRIZE-WIN-NING FEAT. At the recent Sydney Slieep ShowMr S. S. Hunt, Evans Plains, BatliursD, performed the noteworthy feat t winning both Grand Championships, Six 1' irst Prizes, Three Seconds, and One' Third, with twelve exhibits, in tlie Romney Sheep Section. Mr Hunt states that all his prize-winners were dipped in Quiboll's Powder. SOUTH BRITISH INSURANCE CO. UNFAIR COMPETITION. (Per Press Association.) AUCKLAND, Oc.t. 13. At the animal meeting of this company to-day the chairman stated that the premiums from the three departments showed an increase of £:2ti.105 oyer the previous year. The fire, maaccident losses a.mounted to £19,,319, giriiifi a lass ratio of 08.63 per cent, against of).Co last -rear. The expense ratio was 25.17, against 30.79. The underwriting profit was 1.3.20, against; 9.3(5. The directors had ;ilaced £30.011(1 to the reserve fund, making it- the handsome total of £'340.000. The gross assets amounted to £793,800. The directors felt justifii-d in recommending an increase of the dividend from Is (kl to Is 9d. The chairman said it was a matter for much that business in New Zealand was not yet placed on a more reasonable and satisfactory basis. Some firms in the Dominion were insuring the whole risks of their branch houses with parties in London, having no representative in the Dominion, and outside underwriting bedies thus escaped all the heavy charges which others here pay. while deriving the same benefit from the operation of the fire brigades protecting the property thus insured. Steps should lie taken to place fire underwriting bodies in and out of the Dominion on the same footing.