TREND AGAIN EASY ON SYDNEY ’CHANGE

Press, Volume CIII, Issue 30560, 1 October 1964, Page 24

TREND AGAIN EASY ON SYDNEY ’CHANGE

(N.Z. Press Association-Copyright)

SYDNEY, September 30.

The market returned to a falling trend this week with the share price index losing 2.37 points to 362.15. Turn-over was moderate with industrial turn-over falling to a daily average of £514,000. Mining turn-over, however, was active at an increased daily average of £153,000.

The three most actively traded stocks for this week were Transoil, Ralph Symonds and Exoil respectively. The leaders were fairly mixed. Commercial Banking Company of Sydney rose Is to 56s 6d, Tooth’s went up 3s

to £5 Bs, John Fairfax dropped 2s 9d to 36s and Burns Philp lost 2s to £5 12s. C.S.R. continued to gain this week with a further 2s taking the price to 765. Company reports of interest rbceived during the week included L. J. Hooker Investments Corporation, Ltd., with a preliminary consolidated net profit of £371,000 for year to June 30 is an increase of £96.000. North Broken Hill, Ltd., consolidated net profit for the year to June 30, £3,265,000, is an increase of £1,733,000. Bebarfalds, Ltd., showed a consolidated net loss of £224,427 for the year to June 30. Last year profit was £82,990. John Fairfax for the year to June 30 cut net profit to £1,040,206, a decrease of £120,639. After the steep rise in tin prices on the London market, tin stocks experienced significant rises during the. week. Renison, Tin rose 6s to 36s 6d. Ils 3d.

Oil stocks remained steady while the silver-lead group was firmer with Mount Morgan up Is to 19s 6d and Western Mining rights to new issue traded Is 3d higher at 10s 6d.