All Sections Firm After Australian Budget

Press, Volume CX, Issue 32380, 20 August 1970, Page 18

All Sections Firm After Australian Budget

The poet ■ Budget market edged forward in most sections on Australian stock exchanges yesterday. Industrials improved slightly, mainly because of a strong recovery by BHP. B.H.P. jumped 30c to 1490 c, possibly on the strength of the company’s encouraging comments on the Marborough lateritic nickel deposit. E.Z.I. was again a bright spot on the industrial boards with the shares closing at 473 c for a 10c rise. In the mining sector the

speculative nickels remained the centre of attention. Peko improved although it looked weak at the close. Mount Isa eased a fraction although Western Mining, Metals Exploration and Great Boulder added small amounts. Mineral Securities rose 10c. SYDNEY Sales—Amal, Chem., 40; AmPO> Pet - 82 ■' Ansett, 84; A. 15S; Ass. Sec., IM; A.G. Corp., ao .° : AN I - 9 °; Ban’s N.S.W., 606; Bl Mtl, 174; Bramble, 200; Brit. Tob., 246; 8.H.P., 1400; P, Burns, 335; W. B. Carp., 220; Clyde, 91; Coal Al, 200; C. 5.8., 706; C.A.G.A., 322; Comalco, 590 and ctg, 420; Com. of Syd., 243; C.1.G., 400; Cone. Ind., 81; Custom Cr.. 151; E.M.1.. 390; 8.Z.1., 480; Elders-, 205: Fairfax, 218 and F.T., 92; Fibre Cont., 177; Hardie, 430; Hooker, 98: 1.8. H., 68: D. Jones, 162; Kolotex, 290; L.N.C., 130; Lendlease, 290; Lifesavers, 158; Lindeman. 400; Marrick, 90; Mauri, 127; B. W. Miller, 158; Newbold, 102; News, 265; dims. 82; Pioneer C., 164; Pioneer S. 185: Provincial, 85; Publishers, 140; Pye, 68; Bothmans, 200; Austim, 252; Sleigh, 69; Soul, 610; Sth Brit.. 570; Taubmans, 83; Theiss, 370; Tooheys, 139; Tooth, 485; T.N.T., 188; Waltons. 105; W/wths, 90. Mining And Oil Allstate, 85; B. Sth, 440: Carr. Boyd, 270; Cleveland, 103; Com. Min.,'37o: Cons Gold, 950; Cons But., 280; C. 1790; Cudgeon, 172;, Eastmet, 138; G.M. Kalg.,' 80; Gt Nthn, 60; Hamersley, 760; Hill 50, 100; Kambalda, 18; Kath. Inv„ 420; Lavetton, 145; Malllna, 145; M.K.U., 380; Min. Sec., 1250; Mt Isa. 1440: New 8.H., 1540; Nt Flin, 230; Nth

Deb., 130; Nthn Min.. 00; Pekow, 1200; Planet Mln., 108: Project Mln., 46; Poseidon, 8300; Qld Mines, 840; Samln, 1040; Survey Min., 88; Scamander, 140; Tasmlnex, 670; V.A.M., 127; Western Mln., 1160; Westrallan, 82; Allodev, 24; Ampolex, 173: A.0.G., SO; Beach, 210; Bounty, 11; Clarence, 23: Exoil, 52; Genoa, 16; Longreach, 28; Mideast, 56; Pexa, 9; Planet Oil, 30; Timor, 44; Vamgas, 30: Westmoreland. 36; Woodside, 60. MELBOURNE Sales.—Am pel, 80; Ansett, 85; Assoc. Pulp. 176; A.C.1.. 188: A. Cement, 97; A.P.M., 194; Bank N.S.W., 610; Boral, 178; B. 1490: Carlton, 348; C.U.B. Z, 335; Coles, 103; C. Sugar, 710: C. 240; Com. Union, 180; Containers, 180: Cyclone, 125; Dunlop, 156; Email, 73; E.Z.1., 475; F and T, 93; Collins, 68; G. Gotch, 160; G.U.D., 390; Herald, 330; Hooker, 98; Humes, 195; Jennings, 115; H. Jones, 250; Kauri, 27: Kelvinator, 124; M. Nickless, 162; Mcllwraith, S 3; McPhersons, 64; Minster, 104; Myers, 332; Nat. Bank, 275: Nat. Consol., 170; News, 265: Nylex, 135: Olympic, 85Overseas Corp., 180; Petersville, 31; Repco, 197; Sleigh. 68; How. Smith, 265; Swan. 268; T.N.T., 188; U.E.8., 145; Wehl, 101. Mining and 0i1.—A.A.0.; 90: Aberfoyle, 165: Aust. Dev., 245: Beach, 215, and 40c pd, 200; Bounty Oil, 10, and opts. Si; B.H. Sth, 445; C. Norseman, 300; Cons. Gold, 940; C.R.A., 1780; Grt Boulder. 350; Hamersley, 756; Lake View, 165; Loloma, 330; Magellan, 120: Met. Exp., 630; Mt tea. 1440: Mt Lyell, 230; New 8.H., 1540: North B.H-, 840; Oil Search, 29; Petromin., 48; Renlson, 1100: Santos, 235; Silver Valley, 80; southland, 220; Sth Pac„ 35; West Mining, 1150; Comaico, 590, and otg, 425,