GOLD SHARES FIRM
Referendum Has Little Effect
(N.Z. Press Association—Copyright) LONDON. October 6. Gold shares held firm on the London Stock Exchange today as results of the South African referendum came in. In the morning, traders expected an easier market. At first they marked down some of the gold shares as a precautionary measure but by noon the market was showing a firm tone, reflecting the steadiness in the Johannesburg market. Gold shares closed on a cheerful note under the influence of American buying at the Cape. The late rise was also accentuated by a shortage of stock.
Firmer Prices In Melbourne
(N.Z. Press Association—Copyright) MELBOURNE, October 7.
In the early part of the week prices on the Melbourne Stock Exchange remained at the low level of the previous week, but after Wednesday prices ’ firmed with turnover steady. The week ended with an active inquiry for leading stocks, the exchange reported today. B.H.P. closed at 96s 6d (up Is 9d) with Colonial Sugar £3 higher at £B5 10s. Prices for other leading stocks also firmed.
The analysis of price movements in 413 active ordinary stocks for the quarter to September 30, showed 204 rises and 185 falls, a ratio of 110 per cent, the remaining 24 stocks showed no change in prices.
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Press, Volume XCIX, Issue 29330, 8 October 1960, Page 11
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212GOLD SHARES FIRM Press, Volume XCIX, Issue 29330, 8 October 1960, Page 11
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