Erratic Trading On Australian Market

Press, Issue 32345, 10 July 1970, Page 18

Erratic Trading On Australian Market

Mining shares closed ? off the top after a firm ; opening on Australian ’ stock exchanges yesterday. Oils were erratic s with no clear trend apparent while industrials were narrowly mixed. Poseidon reacted to recent losses with an $ll advance to I $lOO after selling down to $96 s at mid-morning. G.M.E., Mid-East Minerals, . Newmex, North Deborah and 5 Norseman were others to do well. Planet metals found rei newed strength and the shares . added 29c. Ravensthorpe was i also in demand. . Losses were scattered. Minsicorp eased 10c while AustraIlian Antimony fell 3c.

Beach continued to move erratically after trading slightly higher on the opening, selling pressure developed and the shares finished 20c lower. Magellan and Ampol Exploration were both discounted a few cents. Industrials were firm and most moves were marginal. B.H.P. was 15c higher and C.S.R. found buyers and gained 20c. On the debit side Rothmans fell 15c, Courage sc, and the Bank of N.S.W. 10c. SYDNEY Sales.—Ampol, 86; Ansett, 87; ;A.W.A., 158; Ass. Sec., 190; A.G. Corp.. 180; A.N.1., 80; Bk N.S.W., ,628; Blue M., 165; Bramble, 180; Brit. Tob., 270; B H P . 1380; Burns P., 325; Carpenter, 225;

Clyde. 88; Coal All., 150: C.S.R.. 704; C.A.G.A.. 285; Comalco. 580 and etg, 408; Com. of Syd., 245; C.1.G., 345; Cone. Ind.. 85; Dickson, 60; E.Z.1.. 410: Elder, 200: Fairfax. 200; Fairymead. 160; F and T, 84; Fibre cont., 170; Hanimex. 120; Hardie. 430: Hooker. 78; I.A C . 135; J.R H-. 66: Jones D.. 146: L.N.C., 128; Lend L.. 285: Lifesavers, 150: Lindeman. 390; M.L.C.. 590: Marrick.. 90: Mauri, 128; Miller. 150: Newbold. 105: News, 250: Paynter, 185; Penfold. 275; Pet Chem., 44: P.G.H. Ind., 93; Pioneer C.. 170; Pioneer S., 185; Protector. 340; Rothmans. 220; Austim. 310; Sleigh. 75: Soul. 584; Thiess. 312; Tooheys, 123: Tooth. 436: T.N.T., 175; Travelodge, 156; Waltons. 101; Wilcox M.. 60; W’wths. 98.

Minins and OlL— Allstate. 60. B.H. Sth. 410: Carr 8.. 330; Cleveland, 96: Cons. Gold. 860: Cons. Rut. 255: C.R.A., 1680; Cudgeon. 160; East. Met., 107: Emperor. 75: E.M. Kalg., 80; Hamersley, 770: Gt Nth.. 70; Hill 50. 110; Kambalda. 15; Kath. Inv., 360; Laverton. 140: Mallina, 153; Min. Sec., 1140; Mt Isa, 1470; New 8.H., 1550: Nth Flinders. 360: Nth Deb.. 170: Nth. Min., 75; Peko, 1140; Planet Min., 90; Project Min . 32: Poseidon. 9700; Qld Mines, 650; S.A, Mln., 1240: Survey Min., 75; Scamander. 110: Tasminex, 450: VAM. 135; West. Min., ex div., H2O: Westrallan, 36; Allo Dev., 22: Ampol Ex.. 190: A.0.G.. 68; Beach, 178: Bounty. 11: Clarence, 12; Ex Oil, 49; Genoa. 15; Lo greach. 27: Mid. East.. 53: Oil Search. 29: Pexa, 10: Planet Oil, 26: Timor. 45; VAM Gas, 28; Woodside. 70.

MELBOURNE Sales.— Ampol, 85; Ansett. 88: A.R.C., 126; Assoc. Pulp, 173; A.C.1., 195: A.K. Cement, 89: A.P.M., 187; Bk N.S.W., 626; Boral. 180; B H P . 1375; Brollte. 116; C.U.B. Z, 350: Coles, 102: C.S R.. 710: C.8.A., 223; Containers, 172: Cyclone. 125; Dunlop. 166: E.Z.1., 410; F and T,. 81; Flex Drive, 215: Gerrard, 250: Gollin, 68: Gordon G. 152: G.U.D. Hold., 330: Herald, 332: Hooker, 79; Hume. 215: 1.C.1. A.N.Z.. 196: Jennings. 98: John M 8., 118: Jones H., 230: Kauri. 26: Kelvinator. 125; Mcllwraith. 90; McPhersons. 66: Minster. 91: Myer, 332; Nat. Bk. 280: Nat. Con., 165: News. 120: Nylex. 1320: Olympic. 85; Petersville, 31: Repeo. 182: Rocla. 225: Sleigh, 75; Smith H.0.W., 275: Swan, 262; T.N.T., . 173; U.E.8.. 160.

Mining and Oil. — A.A.0., 85: Aust. Dev., 235: Beach. 170 and 10c pd, 145; Bounty Oil, 11 and opts, 6: B.H. Sth, 430: C. Norseman, 370; Cons. Gold, 870; C.R.A., 1680; Gt Boulder, 460; Hamersley, 750; Loloma, 420; Magellan. 155: Metal Ex.. 580; Mt Isa. 1460: Mt Lyell, 235: New B.H, 1580: Nth 8.H., 840; -Oil Search, 28:. Petro, Min.. 40; Renison, 1000; Santos, 210; Silver Valley, 75; Southland. 240: Sth Pac., 38; West Min., 1100: West Titan,, 500; Comalco, 578 and etg, 415,