COMMERCIAL B.H.P., W.M.C. Gain On Firm Market

Press, Volume CVIII, Issue 31576, 13 January 1968, Page 12

COMMERCIAL B.H.P., W.M.C. Gain On Firm Market

(N.Z. Press Association— Copyright' SYDNEY, January 12. Nickel, the mineral which dominated the share market in 1967 came back into favour today. Buyers pushed the fully paid shares of Western Mining Corporation up 170 c to an all time high of 3620 c.

The shares later eased to ij record a last sale of 3500 c. ;i Another nickel stock to stand ; out was V.A.M., Ltd, which ; rose 100 c to reach a new peak ! of 330 c and later eased to I close at 275 c. Great Boulder ’ Gold Mines was also in de- ; maud with the rights gaining ; 30c to 320 c, while the fully ' paid shares rose 10c to 670 c. Metals Exploration fully paid I shares put on 25c to 350 c. I Oil stocks were well traded. ; In the investment section iB.H.P. rose 15c to 1625 c. C.S.R. put on 13c to 453 c. Peko Wallsend 1972 options rose 15c to 510 c. On the Melbourne Exchange ( industrials were firm with ’ rises well in excess of falls in mostly narrow movement. I B.H.P. moved 10c higher to 1630 c. Heavy demand for

Western Mining continued and the shares reached a peak of 3600 c but finished 185 c ! higher at 3500 c. The buying this week is attributed to anticipation of . plans for expansion of production and the company’s forecast of a new issue. Other mining leaders had solid gains in buoyant trading. King Island Scheelite moved up another 12c to 560 c—a gain of 80c on the week. Oils were steady. SYDNEY Sales.— B.H. Sth, 555; Cleveland Tin, 110; Cons. Gold, 690; Cons. Rutile, 144; C.R.A., 1140: Hamersley, 850; Kathleen Inv., 525; Mt Isa, 495; New 8.H., 880: N.A.U.C., 70; Qld Mines, 420. Western Mining, 3500; Allo Dev.. 44; Ampol Expl., 185; A.0.G.. ’O5; Exoil, 36: Longreach, 68: Mid East, 60; Planet, 46; Wood side 163; Amalg. Chem., 50; Am 301, 92; Ansett, 63; A.W.A., 212; A.C. Ind., 315; A. G. Corp., 180: V. 654; Big Sister, 280; Blut Metal, 157; Boral. 178: Borg Varner, 162; Bramble. 114; Brit Tob., 256; 1625; Burn? °hilp, 365; Carpenter, 195: "lyde, 73; Coles, 121; C.S.R. 153; C.A.G.A., 161; Com. of Syd., ’B5; C.8.A., 300; Concrete Ind., 10; Custom Credit, 112; E.M.1., 300; E.Z.1., 332; Elder. G. M., 228: Email, 68: Fairfax, 230: Feltex, 55; Fibre Cont., 180; Healing, 18; Hooker, 62; Hordern, 54; 1.A.C., 101; D. Jones, 119; L.N.C., 64: Lend Lease, 110; Lifesavers, 224: M.L.C., 1170; Marrickville, 87; Mauri, 197; Miller, 123: Myer, E., 480; N.Z. Forest, 221; News, 272; Nutt and Muddle, 36; Olims, 85; Peko W. 828, and opts., 510; Penfold, 358; Pioneer Concr., 142; Pioneer Sugar, 182; Protector, 202; Publishers, 176; Qld Ins., 535; Rothmans, 198; Sleigh, 70; Sth Brit., 390: Tasman Dry Cl., 4; Taubmans, 95; Thiess. 450; Tooheys, 115: Tooth, 580; Travel Lodge, 90; Union Carbide, 565; Waltons, 80; Wilcox Mofflin, 39; Woolworths, 117; Wunderlich, 255. • MELBOURNE Sales.— Ampol, 91: Ansett, 63: A. 85; Aust. Fert., 340; Assoc. Pulp, 140: A.C.1., 315; Ak. Cement, 131; A.P.M., 143: N.S.W., 660: Boral, 178: 8.H.P., 1630; Brolite, 115; Carlton, 424. and Z, 365; Carrier, 78: Coles, 119; C.S.R., 450; C.8.A., 297: Com. Union, 160: Containers, 220; Cox Bros, 2; Davies Coop. 37; Drug Houses, 152; Dunlop, 188; Email, 65; E.Z.1., 333; Factors, 18: Feltex, 55; Gerrard, 320; Gordon Gotch. 180; Herald, 538: Hooker, 61; Humes, 348; 1.C.1.A.N.Z., 195; Jennings, 180: John, 270: H. Jones, 265; Kauri, 18; Mayne Nickless, 310; McPhersons, 260; Minster. 125: P. Morris, 410; Myer, 470; Myttons, 120; Nat. Bank, 310; Nat. Consol., 238; Nylex, 95; Olympic, 80; Overseas Corp., 170; Petersville, 35; Repco, 220; Sleigh. 70: H. Smith, 328; Swan. 333; Yarra, 133; A.A.0.. 120; Aberfoyle, 200; B. Sth, 560; C. Norseman, 305: Cons. Gold. 690; C.R.A., 1140; Gt Boulder, 670; Hamersley, 840; Loloma, 310: Magellan, 210; Metals Exp., 350; Mt Isa, 493: Mt Lyell. 180; Mt Morgan, 80; New 8.H.. 754; Oil Search. 47; Renison, 650; Santos, 210: West Mining, 3500; West Titanium, 330.