Australian Markets Close On Unsettled Note

Press, Volume CIX, Issue 32234, 28 February 1970, Page 14

Australian Markets Close On Unsettled Note

Share prices ended the week on a distinctly unsettled note on Australian stock exchanges yesterday, with most mining issues turning back after a firm start.

Early trading was active and a selection of stocks continued Thursday’s advance. However, by mid-morning buying support appeared to have been soaked up, and on listless trading a gradual drift developed. Oils and industrials closed with a smattering of gains, but in most cases they, too, were below the best. Poseidon fell sharply after an early gain, closing 1800 c down at 21,200 c—its lowest point for more than a month. Tasminex fell steadily all day, although it closed off the bottom at 1300 c for a loss of 300 c on the day. The established miners were mixed, bu_t mostly in retreat. Beach attracted buying support, and gained 30c to 380 c. Among the industrials, B-H.P. closed unchanged at 1585 c after another day of active trading, while Colonial Sugar rose 4c to 724 c. Bank of New South Wales improved 10c and Slater Walker added sc, at 485 c. SYDNEY Sales.— Amal. Chem,, 37: Ampol. Pet., 100: Ansett, 86: A.W.A., 185; Ass. Sec., 19S; A.N.Z., 630; Ag Corp., 198; A.N.1., 92; N.S.W., 640; Blue Metal, 375; Bramble, 225; Brit. Tob., 300; 8.H.P., 1585; Burns Philp, 410; Carpenter Wr, 230; Chem. Mat., 165; Clyde. 100; Coal Allied, 218; C.S.R.. 724: C.A.G.A., 260: Com. of Syd., 235; C.1.G., 410; Cone. Ind., 96; Custom Cr., 159; Dickson. 60; E.M.1., 460: E.Z.1., 435; Elders G.M--206; Fairfax, 187; Fairymead, 188; F. and T- 112; Hanlmex. 145; Hardie. 395; Hooker, 00; LAURENSON, GREEN and O’MALLEY Stock and Sharebrokers G. W. A. Green, member of The Christchurch Stock Exchange Mercantile Gazette Building, 271 Madras Street. Phone 66-162. P.O. Box 985. 271 Madras Street. —Advt BYRNE and Co. P. J. BYRNE Member Christchurch Stock Exchange Tel. 65-029. P.O. Box 1018. Stock and Sharebrokers 661 Colombo Street. —Advt. STURGE WILSON and CO (Incorporating C L. Sturge & Co. and 1 J Wilson & Co.) f Stock and Sharebrokers Members Christchurch Stock Exchange Allan McLean Building Cnr Colombo Street and Oxford Terrace P.O. Box 85. Telephone 65-746.

1.A.C., 145; Int. Resist, 74: D. Jones, 148: Kolotex, 510; L.N.C.. 127; Lend Lease, 330; Lifesavers, 180; Marrickville, 109; Mauri, 136; Miller, 190: N.Z. Forest, 410; Newbold, 115; News, 268: Nutt and Mud, 400; Olims, 103: Peko, 270; Petrochem, 45; P.G.H. Inds, 98; Pioneer Cone., 188; Pioneer Sugar, 225: Protector, 360; Provincial, 90; Pye, 70; Rothmans, 215; Slater, 485; Sleigh, 80; Soul, 800; Taubmans. 97; Thiess, 470: Tooheys, 125: Tooth, 612; T.N.T., 225; Travelodge, 207; Waltons, 116: Wilfox, 62; W'wths, 116.

MELBOURNE

Sales—Ampol, 98; Ansett, 86: A.R.C., 133: Assoc. Pulp, 165; A.C.1., 208; A.K. Cement, 99: A.P.M., 180; Bk N.S.W., 636; Boral, 215: 8.H.P., 1595: Carltqn, 410, and Z, 355: Carrier, 80; Coles, 109; C.S.R., 730; C.8.A., 225: Com. Union, 215: Containers, 155: Cyclone, 135: Dunlop, 190: Electronic Ind., 125; Email. 92; E.Z.1., 430: F and T, 112: Gerard, 294: Gollin, 88; G.U.D. Hold., 370: Hardie Trad., 175: Healing, 10: Herald, 312: Hooker. 92: Humes. 220; 1.C.1.A.N Z., 220: Jennings, 125; M. B. John, 160: H. Jones, 250; Kelvinator, 115: Mayne Nickless, 160: Mcllwraith, 105, McPhersons, 61: Minster, 95: P. Morris, 880: Myers. 385: Nat. Bank, 255: Nat. Consol., 165: Nylex, 150; Olympic, 79: Overseas Corp., 205; Petersville, 36: Repco, 173; Rocla, 210: Sleigh, 78: H. Smith. 320: Swan 270: T.N.T., 220. Minina, OIL—A.A.O.. 118: Aberfoyle, 200: Aust. Dev., 405: Basin. 21; Beach. 390, and 10c pd, 320: Bounty, 14, and opts, 7; B.H. Sth, 490: C. Norseman, 320: Cons. Gold, 980: C.R.A.. 2030: Gt Boulder, 540: Hamersley, 1650: Interstate, 60 Lake View. 220: Loloma, 450: Metals Exp., 800: Mt Isa, 1490: Mt Lyell, 250; New 8.H., 1800; Nth 8.H., 900; Oil Search, 45: Petromin., 70: Renison, 1240 Silver Valley. 125: Southland, 820: Sth Pac., 70; West Mining, 1400.

Mining, Oil.—Allstate 152, Assoc. Min., 790; B.H. Sth, 480; Carr. Boyd, 580; Cleveland Tin, 110; Com. Min., 390; Cons Rutile, 350; C.R.A., 2000. Cudgen, 240; Eastmet, 270; Emperor, 115; G.M. Kalg., 128: Great Nthn, 70: Hamersley, 1700; Hill 50, 200; Kambalda, 42: Kathleen Inv., 450; Laverton Nickel, 450; Mab lina, 200; Mt Isa, 1500; New E.H.. 1800; Nth Flinders, 700; Nth Deb., 380; Nthn Mining, 115; Placer, 4200: Planet Min., 55: Project Min., 260; Poseidon, 21,200; Qld Mines, 860: Samin, 2800: Survey Min., 190; Seamander, 245; Tasminex, 1400; V.A.M., 370; Western Min.. 1400: Westralian, 130; Allodev, 40; Ampol Ex., 220; A.A.0., 116; A.0.G., 117; Beach, 380; Bounty, 14: Exoil, 72: Genoa, 20; Longreach, 43; Mideast, 68; Oil Search, 45; Pexa, 17; Planet, 29; Timor, 68; West Moreland. 65; Woodside, 88.