AUSTRALIAN SHARES DULL

Evening Post, Volume CXXXIV, Issue 139, 9 December 1942, Page 3

AUSTRALIAN SHARES DULL

(By Telegraph—Press AflSoclation-r-Copyright.) SYDNEY, December 8. Quotations on the Stock Exchange today were dull, as most stocks continued to be unsuccessfully sought at the maximum limit. Sales: Felt Textiles, 40s 6d; Wtlcox Mofflln, 10s fid; W. E. Carpenter, 28s; Bank of New South Wales, £27 10s; Anthony Bordern, 15s 9d; Broken Hill Pty., 40s; Aust. Corisol. Industries, 50a 6d; Coles, 525; Howard Smith, 22s 9d; Henry Jones, 50a 6d; Berlel, 30s 9d; Newbold, 25s 66". LONDON SHARE INDICES. (Bee. 8 a.m.) . LONDON, Dec. 8./ "Financial Times" indices (1926 equals Govt. Home Indus- Goldsees, rails, trials, mines. December 1.. 113.5 64.4 116.3 157.7 December 3.. J13.4 64.0 116.6 156.1 December 4.. 113.3 64,0 116.2 155.4 December 8.. 113.3 63.8 116.3 154.7 DOW JONES SHARE AVERAGES. NEW YORK, December 7. Dow Jones (1926 equals 100) :— 20 SO Shares Rails, Indus. sold. December 1 ;. 26.84 114.61 561,000 December 4 .. 26.82 115.02 530,000 December 5 .. 26.92 114.25 246,000 December 7 .. 26.43 115.00 495,000 TARANAKf (N.Z.) Oil. FIELDS. Account* of Taranaki (N.Z.) Oil Fields, N.L., for year ended April SO shoW that exponditurt exceeded receipt* by £232, Drilling at the Morere well ceased in December last owing tn insuperable drilling difficulties and operation* at the Mldhlrst well cenried in February last. Both wells were being drilled by New Zea land Petroleum Co., Ltd., in which the Tara nakl company was Interested through its sub* dldiarieii Activities have since been transferred to the Devon Well. Royalty at the rate of 5 per cent, of the value at the well's mouth of oi which maybe Won from the Dovon No. J weii is payable to Motui'rta Oil Fields, Ltd.^itt which Taranakl (NX) Oil Fields, N.L., Has a 50.08 per cent. Interest, Production to June 30 at the Noa. 1, 2. and 4 wells of the coai*pany totalled 44,636 barrels, faranaid IN Z i Oil Development Co., N,L., an -associate of fafariakl Oil Fields, in account* for year ended April 30, show that expenditure exceeded revenue by £1344.