LATE COMMERCIAL

Poverty Bay Herald, Volume LV, Issue 17185, 15 February 1930, Page 15

LATE COMMERCIAL

TARANAKI (N.Z.) OIL FIELDS, N.L.

Taranaki (N.Z.) Oil Fields, N.L., report uuelcY date February 14:~ “Gisborne No. 2 Well: Caving in below 3800 ft. has delayed progress; drill pipe twisted off near bottom; now fishing for drill collar and bit; gas active ami slight show of oil.”

The net earnings of (he Southland Frozen Meat uuid Export Co., Ltd., tor the year ended December 31 amounted ,o £13,642,.which contrasts with £14,682 in the previous year, and was just sufficient to pay the 12 per cent. The net profit is arrived at after making provision for repairs, renewals, taxation, depreciation, and contingencies.

THE SHAEEMARKET

(Per Press Association.) AUCKLAND, this day. Sales on ‘Change: Wailii, 13s sd; Bank oi’ -New Zealand, 57s 9d. WELLINGTON, this day. Reported sale: dear Meat, £1 19s. CHRISTCHURCH, this day. Sales on ’Change: Australian Bank of Commerce, 25s 4d; Commercial Bank of Australia, 23s (2); Commercial Bank of Australia, rights, 2s; National Bank of Australia, £lO paid, £ls 8s 6(1; Union Bank of Australia, £ll 17s (2): Kaiapoi Woollen, 7s paid, 3.s 7d (2'; Colonial Sugar, £43 7s 6d; Mt„ Lvell, 34s 9d: Alahakipawa, 3d. Reported sales: Conmiereial Bank of Australia, 23s Id (2); Alt. Lvell, 34s 9d; Dalgely and Co., £l2; Electro Zinc, pref. cum. div.j 3ls.