Mining Boom Sales At Record $510.4m

Press, Volume CVIII, Issue 31865, 18 December 1968, Page 24

Mining Boom Sales At Record $510.4m

(N.Z. Press Association—Copyright) MELBOURNE, December 17. Australia's nickel and oil boom during 1967-68 resulted in a record $510.4m turnover on the mining post of the Melbourne Stock Exchange.

The exchange's annual report covers the year to September 30 antj shows a threefold increase in the value of mining and oil shares traded on the exchange. The $510.4m mining post turnover compares with $128.1m in the previous year and only s4sm in 1966. The report shows that turnover in mining shares trebled

to 248.6 m units, compared with 81m in 1967 and 46.6 m in 1966. Industrial Shares The value and volume of ordinary industrial shares traded—in the past always the bulk of the exchange's business—was only slightly higher than for mining and oil scrip. Industrial share value more

than doubled to $512.1m and the volume rose to 250 m from 152.1 m units. The report shows that on the official list, nominal value of securities listed in the mining section increased by 18 per cent to $527m. Nominal Value Nominal value of industrial ordinary shares rose by 9 per cent to $3516m with market value up 27 per cent at $12,327m also a record. There were 869 companies listed in Melbourne at September 30 including industrial 731, mining 110 and companies in which only debentures and notes were listed 28.