TRADING IN MELBOURNE
Less Active But Market Firm
<N.Z. Press Assn.—Copyright) MELBOURNE, May 5. Last week's high tempo gave way to more subdued trading on the stock exchanges this week, although prices were generally firm. Metal shares were again the main attraction for investors and some good gains in this section took the Melbourne metals index to its record high of 239.50, according to the weekly review of the Melbourne Stock Exchange. The Sydney all ordinaries index dropped over 2i points and Melbourne leaders about half a point in the week to Thursday. Daily moves were:— Sydney: 335.92. 336.79, 336.18, 336.08, 335.05. Melbourne: 114.97, 115.23, 115.16, 115.09, 114.80. Transport industries gained but all other sections of the Sydney index lost ground moderately. Amalgamated Chemicals is passing its final dividend after a drop of 67 per cent in earnings. Mt. Lyell announced plans for developing new higher grade ore at its mine. Henry Jones is raising 1,000,000 dollars in a one for seven issue at a premium of 25c. Dalgety and N.Z. Loan has made a 2,250,000 dollar cash offer for Whale Industries and Kauri Timber is to spend 250,000 dollars in developing its Tasmanian interests.
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Press, Volume CVI, Issue 31363, 8 May 1967, Page 20
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195TRADING IN MELBOURNE Press, Volume CVI, Issue 31363, 8 May 1967, Page 20
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