Markets and Money

Sun (Auckland), Volume I, Issue 248, 10 January 1928, Page 13

Markets and Money

(Continued) POVERTY BAY OIL PROGRESS OF BORING Press Association. GISBORNE, To-day. The Taranaki Oilfields report: Waiapu No. 2 well has been sunk to a depth of 2,955 feet in hard shale and an B|in. diameter casing to 2,940 ft. Oishome No. 1 well has been sunk to a depth of 2,245 ft. the last 60ft. through shale. The company is now preparing to cement the Biin. casing. The Gisborne No. 2 well transport is proceeding and the contractor is •'ommencing on the erection of the rig.

BANK AGGREGATES

DECEMBER QUARTER WELLINGTON, To-day. Rank aggregates for the December Quarter are:—Government deposits, A, [,774,934; free deposits, £21,438,336; nted deposits, £24,262,721; advances, £48.087.788; discounts, £1.671,875; notes. £1570,060; coir-., £7,866,375.

HIDE AND SKIN VALUES

AUCKLAND SALE Cow hides registered a further advance at,the Auckland hide and skin sale held VJiis afternoon. Other grades hides and skins were llrm at late u tes, and subjected to good competition. Prices under the hammer ranged as follows: , Sheepskins.— Pine crossbred, 12d to • J iu: half to threequarter wool, 10£d ih sllort to half wool. 9id to 1 a Best salted, 4s to 4s 7d each; „°°r* 3s 6d to 3s 9d: medium, 2s to Poor and damaged, 6d to Is 6d. es * —Extra heavy ox, 12Jd to heavy, ii*d to Hid; medium, *id to lid. Extra heavy cow, 133 d ’•Uo* d: heavy, 12id to 12fd: light, I to 14|d; yearlings, lid to 12d. —Best calf, 153 d; good, 13d to inferior and damaged, Sd to 9id.

SOUTHERN EXCHANGES

—Reported Sales: Broken Hill JjJjfii'V ß '. Naliollal Bank of Australa- • —Reported Sale: New ZeaSs i/ ( j Uarantee Corporation, ord., Bs, paid ChriMehureh.—Sales on ’Change: Bank Zealand, 59s (three parcels): DalCo£l3 3s fid (two parrels); Coal. Is Id; Mount a -*s (two parcels).

BUTTER AND CHEESE

*rfi D<l r r date January 10, A. S. Faterson foilnJr.?'’ Ltd., advise receipt of the cipaig ca^e from their London prinliE U^er X7-M ar ket dull, easier at 156 s to at 925.