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TIN SHARES IMPROVE AUSTRALIAN EXCHANGES REVIVAL OF INTEREST (KliT.. Tel. Copyright —United Pru.xs As»n SYDNEY. Oct. 31. The Sydney share market to-day was notable for a revival of interest in tin shares, but several industrial leaders failed to hold late rates. Sales included: Bank of New South Wales, C 27 Is: G. J. Coles. £3 8s 6d; Wool worths, Limited, £1 2s 7!d; Australian Consolidated Industries. £1 15s 9d; Australian Consolidated Industries, contributing, 12s; General Industries, 10s (id; Farmers, Limited. £1 7s; Mauri Brothers, £3 8s (id: Dalgety and Company, £f> 10s: Winchcoinbe, Carson. £1 7s (id; Electrolytic Zinc. £2 15s 7d; Mount Morgan, 9s ltd: Mount Morgan, New Zealand delivery, 9s 3d: Mount Lyell. £1 9s 7d: Land Tin, 7s 7d.
Morning sales included: Commonwealth bonds, 4 per cent, 1941, £lOl 13s 9d; 4 per cent. 1961, £IOO 13s 9d Bank of Australasia. £7 15s; Australian Consolidated Industries . contributing, 12s Id: Broken Hill Propriotary, 69s 9d; Dunlop-Perdriau, 17s 10id: Howard Smith. 22s yd.
Sales on the Melbourne Stock Exchange to-day included:—Metropolitan Gas. 13s sd; Adelaide Steam. £1 Ms: G. J. Coles. £3 8s 3d; Herald and Weekly Times. £2 17s 3d: Mount Morgan. 9s 3d; LoJorna, £1 4s 3d; Broken Hill Proprietary. £3 9s 3d. OX BEEF EASIER FRANKTON STOCK SALE A large entry of both ox and cow beef was penned at the Frankton stock sale, with values for the former a good deal easier. Quotations were from 20 to 30s a head lower than last week's rates. Good quality cow and heifer beef remained at late rates. There was an exceptionally large yarding of sheep, including a heavy entry of ewe and wether mutton, for which the demand was slightly weaker, prices declining. A large yarding of store wethers also came forward. These met good competition, realising improved prices.
WALROA STORE SHEEP OFFERING IN HASTINGS At the Stortford Lodge stock sale yesterday, a Wairoa line of store sheep, sent by rail, was sold at 20s Od. They were well-woolled ewe hoggets, nicely framed and in fresh condition, representing a useful brewing proposition. NORTHERN OILFIELDS Northern Oilfields, Limited, lias issued the following reporl for the !0 d:iy< ended October 31: Oi! !ndi--atiens and gas pressure steadily inreascd to depth of 1072 ft. Pressure if gas was forcing material from bcow into bottom of well and as it was making boring difficult aud slow it ,vas decided to change to the rotary system of drilling to increase drilling rate. This change-over has now been completed. Results from bo.e would ippear to indicate that drill is approaching oil-bearing stratum
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Bibliographic details
Gisborne Herald, Volume LXVI, Issue 20084, 2 November 1939, Page 8
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430COMMERCIAL Gisborne Herald, Volume LXVI, Issue 20084, 2 November 1939, Page 8
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