LATE COMMERCIAL

Evening Star, Issue 23500, 14 February 1940, Page 10

LATE COMMERCIAL

DRILLING AT MORERE WELL. [Pa* United Press Association.] GISBORNE, February 14. New Zealand Petroleum reports that drilling at Morere No. 1 well commenced on February 12, and the present depth is ,110 ft in hard sandstone formation. It is expected that surface casing will be set later this week. LONDON SHARE QUOTATIONS. Press Association—By Telegraph—Copyright LONDON, February 13. (Received February 14, at 1.40 p.m.) Bank of Australasia, 1455; E.S. and A. Bank, 755: Union Bank of Australia, 117 s 6d; Bank of New South Wales, £2l 10s - National Bank of New Zealand, 30s; Bank of New Zealand, 30s 3d; British Tobacco, 37s 6d; Goldsbrough, Mort, 235; Dalgetys, 105 s (all nominal); P, and O. Deferred, 225; New Zealand Loan and Mercantile 4 per cent. Debenturesj £BO (nominal) ; ditto, ord., £2O (nominal). SALES ON ’CHANGE: THIS DAY. Auckland. —Morning call: Commercial Bank, 16s Bd, Bank of New Zealand 41s 6d; Broken Hill Proprietary, 54s (bonus), 545; Dunlop Perdriau, 225; Woolworths (New Zealand), 17s 6d; Waihi Investments, 8s; Mount Lyell, 365. Noon call; Bank of New South Wales (Sydney register, odd lot), £3O; Bank of New Zealand, 41s 6d (2); South British Insurance, 49s 4Jd; Auckland Gas (cont.), 12s 6d; Broken Hill Proprietary, 64s (2) * Woolworths’

Holdings (South Africa), 16s; Mount Morgan, 10s 2d; Mount Lyell, 35s Bdj Stock (194043), £102; Stock (1934-58)* £lOl ss. Unlisted; Una Hill, Is lOd. Christchurch. —Government 3J peg cent. Stock (1953-57), £94; Govern* ment 4 per cent. Stock (1943-46), £lO2 i Refrigerating (paid), 19s 2d; Kaiapol Woollen (ord.), 13s sd; New Zealand! Breweries, 37s (2); Standard Cement, 23s 6d { Mount Morgan, 10s 3d. Re? ported: Dalgetys, £6 17s 6d. Wellington.—Reported; Bank of New; Zealand, £2 Is 6d, £2 Is 7d ; Dalgety and Co., £6 17s 6d; Kaiapoi Woollen, (ord.), 13s 7d; Dominion Breweries, £1 18s 9d; New Zealand Breweries, £ll7s f Mount Lyell, £1 15s 9dL