COMMERCIAL
INDUSTRIAL GAINS
AUSTRALIAN MARKET WIDE BUYING RANGE (Elec. Tel. Copyright—United Press Assn.) SYDNEY. Oct. 13. Wide buying interest was noted on the Sydney Exchange to-day, with approved industrial leaders showing good gains. Sales included: Commercial Bank of Australia, 14s: Commercial Banicing Company of Sydney. 617 12s; Union Bank, 66 9s: Colonial Sugar, 64G as; British Tobacco, 62 Gs 3d: Woohvorth.s. Limited. 61 2s 4d: Australian Consolidated Industries, 61 15s 9d; Anthony Hordern, 13s 6d: Mori's Dock, 16s: Ncwboid Brick, 61 7s 9d: Amalgamated Wireless, contributing. 62 12s; Electrolytic Zinc, prel.. 62 16s: Broken Hill Proprietary. 63 7s lOd: Bulolo Gold, 66 12s. Morning sales included: Tooth’s Brewery, 62 10s; Commercial Banking Company of Sydney, 617 12.5; Australian Gas “A," 66 16s: Associated Newspapers, prof.. 19s; Australian Consolidated Industries, 61 15s 9d: Australian Consolidated Industries, contributing, 11s 4d: Broken 11:11 Proprietary, 63 7s 9d. Sales on the Melbourne Stock Exchange to-day included: —Australian Consolidated Industries, 61 15s I'd: Australian Consolidated Industries, contributing, 11s -7d; Dunlop-Pcrdriau. 18s sd ; Herald and Weekly Times, 62 15s:' G. J. Coles, 63 5s 9d: Mount Morgan, fls 2d: Mount Lyell. 61 9s Gd: Emperor Mines, 10s: Loloma, 61 3s Bd.
NORTHERN OILFIELDS
RUAWAI BORE REPORT The directors of Northern Oilfields, Limited, report that the following information has been received from the driller in charge of operations. Mr. \ T . I. W. Brown, at the company’s No. 2 bore at Ruawai: —The bore bad reached a depth of 1048 ft. to last Saturday. At present it is in hard green shale and petroliferous gas and traces of petroleum are still issuing from the bore.
A -mid-week report received from the company's resident director at Ruawai, Mr. W. A. Carter, stated that the bore was in consolidated green shale at 1070 ft. Balings were showing the most oil yet. Inflammable petroliferous gas was increasing. Prospects were good and were still increasing.
DIVIDENDS DECLARED
(l’rr Press Association.) WELLINGTON, this day
Cabled advice has been received that Australian Consolidated Industries have decided to declare a dividend of 41 per cent on preference shares and an interim dividend of 31 per cent on fully paid ordinary shares for the half year ended September 30.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/GISH19391020.2.136
Bibliographic details
Gisborne Herald, Volume LXVI, Issue 20073, 20 October 1939, Page 12
Word Count
363COMMERCIAL Gisborne Herald, Volume LXVI, Issue 20073, 20 October 1939, Page 12
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