Business Gossip

Sun (Auckland), Volume I, Issue 178, 18 October 1927, Page 12

Business Gossip

Butter and Cheese.— A. S. Paterson | and Co., Ltd., report receipt of the fol- ! lowing cable from their London princi- I pals, J. and J. Lonsdale and Co., Ltd.: — “Butter steadier at 1765, expect prices ! w r ill hold or improve during next month. Cheese, dull, nominal 104 s; outlook favourable.” Murchison Oil. —The latest report from the Murchison Oil Company’s bore reads as follows:—The depth of the hole is 3,325 ft.. in fine sandstone. Drilling is proceeding satisfactorily; the hole is drv. In reporting on a sample of the bailings taken from 3,210 ft., J. A. Spencer, the company’s geologist, states the sample is a calcareous sandy mudstone of true saliferous formation, containing 4 per cent, of sodium chloride, and 23 per cent, of lime. Petroleum of a darker colour and heavier volume than previously reported is present in the sample. Sales on Southern Exchanges. —The following sales were reported on Southern Exchanges yesterday.—Wellington: New Zealand Insurance, 39s (three-); New Zealand Government Stock, 51 per cent., 1927-41. £9B 12s 6d; Commercial Bank of Australia (ord.). 28s 2d; National Bank of Australasia (£5 paid), £8 12s; Bank of New Zealand, 57s 9d. Christchurch: Commercial Bank of Australia, 28s 2d; New Zealand Drug Company. 64s 3d; National Bank of Australasia (£5 paid). £8 12s (two); Huddart-Parker (pref.), «0s 4d: New Zealand Guarantee Corpora - j lion, 8s sd. Dunedin: Nokoma; Sluicing. 30s; New Zealand Insurance, 39s.—Press Association. Companies Registered. —Yesterday one public and one private company were registered in Auckland. Details were:— Father’s Hope Consolidated Gold Mining Company, Limited. Objects: To carry on mining operations in the Coromandel mining district and elsewhere. Capital, £2,000, divided into 20.000 2s shares. Subscribers: Leonard Percv, 2,000 shares; William Platt, 1,500 shares; William H. Waterhouse, Albert S. C. Anderson. Alfred E. Johnson, Ina Targuse, 250 shares each; William C. Kemball. 50 shares Benson Limited (private). Objects: To subdivide, develop, etc., certain land at West, Maraetai. Capital, £ooo. Subscribers: Gordon J. C. Bennett and Clifford M. N. Jacobsen, 250 shares each. *