COMMERCIAL

Poverty Bay Herald, Volume LXVI, Issue 19893, 22 March 1939, Page 8

COMMERCIAL

AUSTRALIAN EXCHANGES PRICES .MARKED DOWN (klec. Tel. Copyright — United Press Assn.) SYDNEY, March 20. Share prices were marked down throughout the market on the Sydney Stock Exchange to-day because of the international uneasiness. The morning and noon calls were quiet but there was heavy selling in the afternoon, all mostly at lower rates. Stiles included: -Bank of Ne w South Wales, £29; Commercial Bank of Sydne'v. £2O; Commercial Bank of Australia, 15s 3d; Associated News. 18s 9d; Australian Gas, A, £7; Ditto B, .1:7; British Tobacco, £2 7s; Tooths, £2 lis 3d; G. .). Coles, £3 13s 3d: Woolworths Limited, £1 Is 7.',d; David Jones, £1 13s (id; Anthony Hordern, 14s 2d; Stedmans. 12s; ' Kandos, £1 7s Gd: Mori's Dock, 14s; Hume Pipe, 19s 3d; W. Atkins, CI 2s Hd; W. Adams, 14s 7d; Felt and Textiles, £1 10s (id; Sargents, £1 8s Gd; W. R. Carpenter, £2 Is; Standard Cement, £1 0s 9d; Peters, C2 lis Gd; Mauri Bros., £3 7s; W. H. Soul, £4 8s; Wilcox MofiTin, 5s (id; Coionial Sugar, £46 ss; Fairymead Sugar, £1 10s. Electrolytic Zinc, £2 2s 3d; Ditto, nrcf., £2 (is 3d; Mount Morgan, 9s lOd; Mount Lyell, £1 4s Gd; Zinc Corporation,

£4 8s; Broken Hill Proprietary, £2 13s 9d; Ditto, contr., £2 _s fid; North Broken Hill, £2 2s Gd; Broken Hill South, £1 ss; Rawang Tin. 6s 9d; Placer Development,, 3s lid; Arahura, £1 Gs; Taranaki Oil, 8s 9d; Kanieri, £1 lis. Morning sales included: Commonwealth bonds, 3 7-8 per cent, 1954, £101; 4 per cent, 1941, £lO2 Is 3d; | 1959, £lO3 17s Gd; Commonwealth Banking Company of Sydney, £2O 3s:' Tooheys Brewery, 30s: Tooths Brew- , t ery, 52s Gd; Australian Gas, A £7 Is; Associated Newspapers, 19s; ■ British Tobacco, 47s 3d; Broken Hill . Proprietary, 54s 3d; Cash Orders, 15s Gd; Colonial Sugar, £46 ss, The Melbourne Stock Exchange was ■ closed to-day. GISBORNE SEED MARKETS MOST OF RYEGRASS SOLD FIRM CLOVER DEMAND Values for Poverty Bay certified rye- . grass seed are a shade firmier than a fortnight ago, but the market is less active Most of the certified supplies from the Gisborne district have been disposed of, and although the demand is quiet, values have .advanced slightly because of 'the smaller stocks remain,"

1 ing. Most of .the mother seed has been I sold, quotations now reaching 18s per bushel, .the highest price for some years, while no permanent pasture seed at all .remains unsold in the district. Most of 'the commercial seed has not yet been' released, but the value of these lines has also 'advanced slightly to about lGs. I The demand for supplies of seed is r , easing up rapidly now because the . 'absence of rain in most districts has . , held up sowing operations, and most j of the immediate requirements for outside districts are covered. \ I The white clover market is fairly j firm, with a igood inquiry from Australia. for choice lines of export quality certified seed. Little certified | seed has been harvested in Poverty Bay, most of the seed being from old pasture areas, quotations for this type 1 being between 170 s and 175 s per cwt. 1 Pedigree lines are practically unprocurable m New Zealand, but for other <■ certified lines .the quotations are 1903 ' per owt. for commercial and to 210 s f for mother seed. * SCARCITY OF EGGS 1 t POSITION IN GISBORNE [ ,i Following a brief period during c which there was a reduction of egg \ prices in Gisborne, a scarcity has 1 s developed now, and present prices I c are 2s 3d per dozen retail and Is lOd If to producers. \

SHORTAGE OF MAIZE. DIFFICULT POSITION A difficult position has arisen over maize, states an Auckland report. Only a few sacks arrived from Java by the Maetsuycker last week, and these are being taken into store by merchants, who are getting only a few sacks each. This should help in a small way to relieve the shortage, but the first "large shipment for distribution will not arrive from Java until about April 11. and this will be badly wanted. There has been no alteration in the price, which ranges from 13s 6d to 14s per IOOIb. Gisbome growers have long since ceased to be interested in the outside markets, because practically all local stocks were sold a few months ago, there being only sufficient in the district now for local requirements.