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Poverty Bay Herald, Volume LV, Issue 17234, 14 April 1930, Page 13

There has been fair business in the miscellaneous section, and remarkably few variations in price, remarks the Auckland Star in a review of last week's sharomarlcc't. Even Australian securities have, kept- fairly stable. An exception to the general run, however, has been Taranaki Oil. Following upon reports from the wells, in which "lost, tools," and "caving in" are notable features, investors seem to have lost- faith in the capacity of the company to strike payable oil. Shares which were 5s to 6s only a few months back have sold as low as Is 6d, sharing in this sudden fall tho same fate that befell Ohinemuris and Kawaraus. A new tail shaft to replace the one which snapped when the vessel Mas 18 miles from Oisborne on the evening of Thursday, April 3, was fitted to the fishing launch Cosmo on Saturday night. Tho spare p.irl was unprocurable hero, and consequently repairs wore held up fill it arrived from Welling!un on Friday. Mr. S, /ante, (he owner of the launch, made a, trial run in tho Cosmo yesterday, and the vessel fulfilled expectations. The mill whs taken out this morning to tho usual fishing grounds for the lirsl time since the eventful night, when the llircii occupants were obliged to spend a sleepless and somewhat unpleasant liinu until daybreak enabled them i< : iki crtain their position, and make another attempt to react! port under a small spread of canvas. The disabled launch was eventuaJly towed to (lishorno by the Harbor Board's tug TaJutimu.