Mining market retreats as buyers withdraw

Press, Volume CX, Issue 32430, 17 October 1970, Page 20

Mining market retreats as buyers withdraw

Buyers withdrew from the Australian mining and oil market yesterday morning, but there was greater activity during the last hour of trading and prices showed a tendency to rally. At the close, however, most issues were down on the day or steady.

International Mining lost 30c to 600 c and Kathleen Investments slipped 90c to 1430 c. Queensland Mines fell 100 c to 3900 c and Poseidon was down 100 c to 8100 c.

M.I.M. Holdings slipped 10c to 490 c, and Peko fell 30c to 1400 c. 1 J { Among the stocks to firm, Hamersley improved 20c to 700 c and Renison was 20c higher at 1120 c. Oils were mixed, with Santos 10c higher at 300 c. Industrials were little changed on the day.

SYDNEY Sales.—Ampol, 74; Ansett, 78; A.W.A., 135; Ass. Sec., 175; A.G.C., 190; A.N.1., 100; N.S.W., 616: 81. Mtl, 190; Bramble, 192; Brit. Tob., 220; 8.H.P., 1475; Burns P., 320; Carp., 202; C’maine, 736; C reach, 35; Clyde, 93; Coal Al., 185; C.S.R., 694; C,A.G.A„ 335 Comalco, 560 and ctg, 380; Com. of Syd., 245; C.1.G., 345; Cone. Ind., 66; Courtlds, 72; Dickson, 56; E.Z.1., 530; Elders, 186; Fairymead, 230; F and T, 88; Hanlmex, 115; Hardie, 390; Hooker, 125; 1.A.C., 140; 1.R.H., 65; D. Jones, 161; Kolotex, 240; L.N.C., 125; Lend Lease, 340; Lindeman, 415; M. 556; Mainline, 315; Marrick, 75; Mauri, 120; Miller, 140; N. Forest, 390; Newbold, 89; News, 340; Ohms, 65; Paynter, 210; Pet. Chem., 43; P.G.H., 86; Plant Hold., 73; Pioneer C, 130; Pioneer S, 191; Protector, 290; Provincial, 77; Publishers, 148; Rothmans, 195; Austim, 250; Sleigh, 61; Soul, 618; Taubmans, 75; Thiess, 470; Tooheys, 155; Tooth, 490; T.N.T., 187; Travelodge, 125; Waltons, 110; Woolworths, 92. Mining, OlL—Allstate, 84; Assoc. Min., 700; B.H. Sth, 475; Carr Boyd, 282; Cleveland, 115; Cons. Gold, 998; Cons. Rut., 320; C.R.A., 1410; R.T.S., 450; Cudgeon, 215; Eastmet., 143; Emperor, 150; G.M. Kalg., 85; Gt Nthn, 55; Hamersley, 710; Hill 50, 87; Kambalda, 17; Kath. Ihv., 1470; Laverton, 145; Mallina, 165; M. 240; Min. Sec., 500; Mim. Hold., 490; Nth Fllnd., 265; Nth Deb., 110; Nthn Miri., 126; N. 95; Paringa, 70; Peko W., 1410; Planet Met., 160; Project Min., 50; Poseidon, 8000; Qld Mines, 3800; Robe R„ 238; Samin, 970; Survey, 65; Scamander, 100; Tasminex, 360; V.A.M., 115; Western Min., 1220; Westralian, 70;- Woodreef, 20; Allodev., 25; Ampolex, 155; A.A.0., 165; A.0.G., 70; Bounty, 81; Clarence, 19; Exoil, 50; Genoa, 14; Longreach, 35; Mideast., 63; Ollsearch, 31; Pexa, 9; Planet Oil, 40; Timor, 35; vamgas, 35; Westmoreland, 51; Woodside; 97. 'IEI.ROURNE Sales.—Ampol, 74; Ansett, 80; A.R.C., 132; Aust. Fert., 65; Assoc. Pulp, 192; A.C.E, 168; A. K. Cement, 105; A.P.M., 185; N.S.W., 610; Bond, 160; 8.H.P., 1475; Carlton, 336, and Z, 365; Cast. Perk., 730; Carrier, 72; Coles, 91; C. Sugar, 680; C.8.A., 240; Com. Union, 195; Containers, 180; Dunlop, 135; Email, 62; E.Z.1., 520; F. and T., 90; Gerrard, 275; G. and Gotch, 138; Gud., 385; Herald, 302; Hooker, 124; 1.C.1.A.N.Z., 158; Jennings, 120; M. E. John, 112; H. Jones, 151; Kelvinator, 101; Mayne Nick., rts, 30; McHwralth, 88; McPhersons, 60; Minster, 100;

Myers, 308; Nat. Bank, 258; Netvs, 340; Nylex, 122; Olympic, Si.J ete «S? vUI & 25: b«p c °. 1 73 ; g lei « h > 60; How. Smith, 250; Swan, 270; T.N.T., 187; Wehl, 9(L

.Mining and oil.—Aberfoyle, 160; Aust. Dev., 200; Basin, 13; Beach, 165; Bounty, . 10, and opts, SJ; B.H. Sth, 480; C. Norseman, 650; Cons Gold, 990; C.R.A., and rts, 450; Gt Boulder, 375; Hamersley, 700; Loloma, 203; Met. Ex., 820; MIM, 490; Mt Lyell, 290; New 8.H., 1830; North 8.H., 1050; Oil Search, 32; Petromin., 34; Renison, 1120; Santos, 300; Silver Valley, 94; Southland, s i h Pac - 35 1 West Mining, 1220; Comalco, 550, and ctg, 380.