Miners make good gains in moderate trading

Press, Volume CXI, Issue 32553, 12 March 1971, Page 16

Miners make good gains in moderate trading

Mining stocks made good gains in moderate trading on Australian stock exchanges yesterday. However, profit takers were active and leading uraniums, heavyweights and some speculatives eased from the day’s peak levels. Oils and industrials were firm with generally marginal moves in moderate trading. ! Although the volume was not high, enthusiam and con- ■ fidence seemed to be slowly i returning.

Selected speculatives did well, and the heavyweights continued their slow but regular recovery. The Melbourne metals and minerals index made an excellent advance of 23 points from 734.96 to 575.46. Poseidon firmed 150 c to 4150 c. Western Mining put on a further 7c to 487 c, and the rights advanced 13c to 335 c. Oils were firm and steady. Timor firmed a further 7c to 58c. Ampol Ex put on 2c to 118 c, and Woodside made a

good recovery with a rise of 7c to 48c. Industrials were steady with marginal moves in moderate trading. B.H.P. dropped 10c to 1395 c and Comalco shed 15c to 420 c.

, SYDNEY : Sales.—Ampol, 69: Ansett. 67; A. 134; A.G.C., 187; B. 600; 81. Mtl. 151; Borg, 1200; Bramble, 180; Brit. Tob., 186; 8.H.P., 1405; Burns P.. 284; I Carp. 24, 185; C’maine. 716; IC’reach, 19; Clyde, 85; Coal, 155; [C.S.R., 620; C.A.G.A., 330; j Comalco, 430, and ctg., 275: Com. | of Syd., 198; Cone. Ind., 70; Custom, 165; E.Z.1., 300; Elders, 132; Fairfax, 235; Fairymead, 210; F and T, 91; Hanimex, 100; Hardie, 360; Hooker. 108; 1.A.C., 150; D. Jones, 150; L.N.C., 110; L. Lease, 300; Lifesaver, 155; Mainline, 220; Marrick. 77; Mauri, 100; Forest, 350; Newbold, 89; News, 310; Ollms, 148; Penfold, 160; P.G.H., 88; Pionee* 110; Protector, 285; Publishers, 130; Pye, 58; Qld Ins., 290; Rothmans, 200; Austim 113; Sleigh, 60; Soue, 504; Sth Brit., 520; Taubmans, 73; Thiess. 340; Tooheys, 151; Tooth, 478; T.N.T.. 143; Travelodge, 117; Union Carb., 370; Waltons, 116; Wilcox, 102; Wworths, 78. Mining and oil.—Allstate, 22; B.H. Sth, 325; Carr Boyd. 60; Cons. Gold, 760; C.R.A., 1110; Eastmet, 26; Emperor, 28; Hamersley. 540; Hill 50, 39; Kam- '

balda, 10; Kath. Inv., 1090; Laverton, 18; M.1.M., 365; New 8.H., 1325; Nth. Flind, 25; Nth Deb., 45; Nthn Min., 47; Peko, 1030; Plan. Met, 50; Project ilin., 16; Poseidon. 4000; Qld Mines, 2550; Scamander, 31; Tasminex, S 8; West. Min., 490, and rts, 335; Westralian, 42; Woodreef, 14; Allodev, 15; Ampol Ex., 110; A.A.0., 115; A.0.G., 35; Beach, 40; Bounty, 4; Clarence, 12; Genoa, 15; Mideast, 22; Oil Search, 19; Planet Oil, 15; Timor, 57; Vamgas, 26; Westmoreland, 13; Woodside, 45.

MELBOURNE Ampol, 68; Ansett, 66; AJt.C., 110; Aust. Fert, 55; Assoc. Pulp, 158; A.C.1., 168; A. 1701 Bk N.S.W., 600; Boral, 143; 8.H.P., 1400; Broiite, 120; Carlton, 340, and Z, 325; Comalco, 120, and ctg, 276; Coles, 82; C.S.R., 624; C.8.A., 200; Com. Union, 198; Containers, 193; Cyclone. 100; Dunlop, 121; Email, 58; E.Z.1., 304; F and T, 92; Flex Drive, 220: Gerrard, 270; G.U.D., 300; Herald, 343; Hooker, 107; Humes, 162; I.C.LA.N.Z., 152; Jennings, 118; H. Jones, 230; Kauri, 15; Mayne Nick., 135; Mcliwraith, 75; McPhersons. 56; Minster, 120; Myer, 242; Nat. Bank, 295; Nat Con., 155; News, 315; Nyiex, 100; Olympic, 70; Petersville, 19; Repco, 182; Rocla. 104; Sleigh. 59; H. Smith, 260; Swan, 28: T.N.T.. 146; Wehl, 87. Mining and 0i1.—A.A.0.. 120; Aust. Dev, 90; Basin, 11; Beach, 43; Bounty Oil, 41, and opts. 11; B. Sth. 323; Norseman, 230; Cons. Gold, 780; C.R.A, 1080; Gt Boulder, 280; Hamersley, 540; Lake View. 110; Loloma, 140; Magellan, 105; Met. Ex, 560; M.LM., 355; Mt Lyell, 165; New B.H, 1310; Nth B.H, 180; Petromin. 28; Renison, 740; Santos. 270; Silver V, 58; Southland, 242; Sth Pac, IB; West Min, 487, and rts. 335.

Amended offer

Credit Services Investments Ltd has again amended its take-over offer for Petrous Industries Ltd. The new offer is 17 CSI shares for 10 Petrous, other conditions remain unchanged.