SYDNEY SALES
Most Shares Strengthen (N.Z. Press Assn.—Copyright > SYDNEY, Jan. 5. The Sydney stock market continued to strengthen over the last week with the share price index gaining 4.44 points to 324.27. Both the industrial and mining turn-over was light. Sectional movements all showed some improvement, all of the 14 sections rising. Nonferrous metals firmed slightly Woolworths rights were once again briskly traded. Sugar Take-over
Sugar stocks were once again in the news. Gibson and Howes, Ltd. purchased the assets and trading liabilities of the Gin Gin mill. The company has not assumed responsibility for the moneys slightly in excess of £500,000 due by Gin Gin to the Bank of New South Wales. Satisfactory financial arrangements had been made with the bank in relation to the assets acquired. Pioneer Sugar, Ltd., raised £1,765,000 by way of a private loan carrying an interest rate of 7} per cent per annum and repayable over a period of seven years.
The price of sugar shares on the market has firmed slightly: one of the major movements was Colonial Sugar Refining Company, Ltd, which rose 3s to 645.
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Bibliographic details
Press, Volume CV, Issue 30951, 6 January 1966, Page 6
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184SYDNEY SALES Press, Volume CV, Issue 30951, 6 January 1966, Page 6
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