COMMERCIAL Firmer Trend In Sydney Trading
(N.Z. Press Association—Copyright) SYDNEY, April 2. The market was a shade firmer on light trading on the Sydney Stock Exchange today. Sugar stocks showed signs of recovery on moderate trading.
Among company news was the announcement that directors of Transport Development Group, Ltd., had sent their formal takeover offer to shareholders of Cargo Distributors, Ltd. The board of Cargo Distributors has strongly recommended acceptance of the offer. Industrials were steadier on the Melbourne Stock Exchange today, with moves narrow and about in balance. Base metals levelled out, and some issues lost ground slightly. Oils were mostly lower. Mary Kathleen gained Is to
15s on buyers’ quotation after the announcement that a dividend of 3s 6d would be paid. Loans were steady.
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Bibliographic details
Press, Volume CIII, Issue 30406, 3 April 1964, Page 15
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127COMMERCIAL Firmer Trend In Sydney Trading Press, Volume CIII, Issue 30406, 3 April 1964, Page 15
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