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——’——— -■■■— HIDES MARKET. (Australian Press Assn. —United Service.! (By Cable—Press Assn.—Copyright.) MELBOURNE, May 31. The hides market to-day, was dull and irregular. Values generally were a half-penny per pound lower. POVERTY BAY OIL. GISBORNE, May 31. Taranaki Oil Fields, Ltd., under date of May 31, report that the Gisborne No. 1 (Morere) well has been drilled to 2990 feet. The drill encountered sandy shale from 2950 feet downwards. The Samples smell freely of oil, and give a very strong reaction with chloroform. STOCKS AND SHARES. WELLINGTON, June 1. Sales-. Bank of New Zealand £3 03; sales reported Sharland Co. ord. 19/9, Goldsborough Mort. 51/9, New Zealand Refrigerating (£1 paid) 18/j on ’change, Rank of New Zealand 60/3 (two lots). DUNEDIN, June 1. Sales on ’change, Union Steam Ship 20/6, Waihi Junction 1/3. AUCKLAND, June 1. Sales Taranaki Oil 10/, Waihi 11/11, Auckland Gas. con. (17/3 pay!) 23/6, Wilson Cement 39/.- Reported: New Zealand Breweries deh. 41/, New Zealand Insurance 42/3, Wellington Woollen £6 4/3. , BUTTER AND CHEESE. , The New Zealand Dairy Produce Board has received the following market report from its London office dated May 25 :— Butter. —New Zealand salted 166/170 exceptionally 172/-, unsalted 168/176/. Deliveries New Zealand this week 960 tons, in store 4400 tons. Australian finest salted 156/160/-, unsalted 158/ 160/-. Argentine finest unsalted 154/ 160/-. Irish Creamery salted 162/164/-. Danish 171/172 fcpot, 164/165 f.o.b. Dutch Creamery unsalted 168/170/Siberian 154/- up to 156/-. Market quiet. Retail prices unchanged Cheese.—New Zealand white and coloured 96/97/-, exceptionally 98/. Canadian finest white 112/114/-, coloured 108/110/-. Australian finest white 94/, coloured 94/95/-. Market steady; retail prices unchanged. WEST COAST LAMBS. Among the fat lambs sold at Addington on Wednesday last were two lots on account of West Coast clients: J. J. O’Connor (Matainui), 67 (shorn) 23/10 to 35/-, L. W. Bassett (Hohonui) 48 at 23/7 to 31/4.
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Greymouth Evening Star, 1 June 1928, Page 8
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305COMMERCIAL Greymouth Evening Star, 1 June 1928, Page 8
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