COMMERCIAL

Timaru Herald, Volume CXLV, Issue 21179, 28 October 1938, Page 14

COMMERCIAL

STUDHOLME SALE SMALL YARDING There were light entries in all sections at the Studholme sale held on Wednesday. The attendance of buyers was small. Little if any change was noticed in the prices ruling compared with the previous sale. Following is a brief summary of the sales made.—

Inferior sorts met with poor competition. There wis a moderate class entry of fat sheep, mainly ewes and only in one case did the price exceed twenty shillings. In the store pens a few lines of ewes and lambs all counted were offered and there was little animation shown. Fair sorts ewes and lambs fetched to 9/-, better quality to 12/6. SYDNEL WHEAT MARKET EASIER umted Press Association—By Electric Telegraph —Copyright (Received October 27, 9.35 p.m.) SYDNEY, October 27. Business was restricted in the wheat market with an easier tone, but there was no selling pressure. New season’s grain is coming forward and a heavy State-wide yield is assured. Silo grain is quoted at 2/9i, bagged 3/2. Flour £B. Bran and pollard £5 lO.s. Potatoes—Tasmanian. £l7; others £l5 10s. Onions, brown, £l4; white, £lO. Maize—Yellow 4/9, white 4/7. SOUTH BRITISH INSURANCE CO. REASONABLY GOOD SURPLUS By Telegraph—Press Association AUCKLAND, October 27 “As you will gather from the further rise of over £160,000 in the premium income, business has been fairly active during the year, and although we had to sustain some hard knocks in different parts of the world, we emerged with a reasonably good surplus in the underwriting account,” said Mr W. R. Wilson, chairman of directors, at the annual meeting of shareholders of the South British Insurance Co. He said the expenses were £316,339, higher by nearly £23,000, than in the previous year. The sum of £BO,OOO, half of the increased income from premiums, had been added to the reserve for risks not yet expired, leaving a £102,163 surplus in the underwriting account. The directors recommended the payment of a final dividend of B*d per share, making a total of 1/5 for the year, slightly better than last year. They also recommended a 5 per cent staff bonus on the year’s salaries. The retiring directors, Messrs P. H. Upton and S. Austin Carr, were reelected. A vote of thanks to the directors and staff was passed. WAR LOAN ♦ British Offlclal Wireless RUGBY, October 26. War loan, 3i per cent, is quoted al £99/3/9. SHARE QUOTATIONS British Official Wireless 'RUGBY, October 26. Share quotations: Clutha River Company, buyers 1/71, sellers 1/9; Molyneaux River Company, buyers 7*d, sellers lOid.

Dairy cows to £ s d. 6 15 0 Light fat steers to ...... 7 5 0 Light fat heifers to 5 17 6 Good young forward steers to 6 7 6 Good young forward heifers to 5 12 6