Serious decline by miners on Australian markets

Press, Volume CXI, Issue 32566, 27 March 1971, Page 22

Serious decline by miners on Australian markets

The announcement of the discovery of forged script coupled with the news of a C. 1.8. investigation into Leopolds assays sent the Australian market into a serious decline yesterday. Speculatives, and the established miners were hit hard. Oils and industrials were easier in moderate trading. Spargo’s dropped 40c to 130 c.

Sipos was marked down 22c to 68c and Mining Finance shed 25c to 50c. Carr Boyd fell 30c to 70c, and Eastmet eased 18c to 62c. Metals Ex fell 60c to 520 c, Westmex dropped 15c to 95c. Among the established miners Kathleen Investments fell 40c to 920 c, and Queensland Mines dropped 100 c to 2200 c. Poseidon eased 50c to 3700 c. CRA shed 20c to 1200 c, New BH fell 60c to

1360 c and Peko was 10c down to 1070 c.

Western Mining lost 5c to 485 c and the contributing shares dropped the same amount to 360 c.

Among the oils, Ampol Ex fell 5c to 125 c. In the industrials, BHP lost 35c to 1440 c. Myer put on 6c to 228 c. SYDNEY Sales.—Ampol, 65; Ansett, 70 A. 124; A.G.C., 186; A.N.1., 92; N.S.W. 604; 81. Mtl., 136; Bramble, 175; Brit. Tob., 195; B. .1440, Burns P., 275; Carp., 183; C’maine, 740; C’reach, 18; Clyde, 84; Coal Al., 155; C.S.R., 612; Comalco 420, and ctg., 255; Com. of Syd., 205; C.1.G., 395; Cone. Ind., 70; Custom, 174; E.Z.I. 320; Elders, 150; Fairfax, 265; Fairymead, 205; F. and T., Ind., 94; Fibre contr., 165; Hardie 384; Hooker, 110; 1.A.C., 155; 1.R.H., 70; D. Jones, 146; Kolotex, 200; Lend Lease, 298; Mainline, 230; Marrick 75; Mauri, 97; Miller, 135; Newbold, 88; Olims, 47; Paynter, 195; P.G.H., 88; Pioneer C. 102; Protector. 287; Publishers, 133; Qld Ins., 290; Rothmans, 194; Austim, 100; Sth. Brit., 526; Thiese, 380; Tooheys. 158; Tooth, 485; Travelodge, 115; Waltons, 110; Wilcox 51; W’wths, 72. Minins, oil.—Allstate, 32; B.H. Sth., 335; Carr Boyd, 78; Cleveland, 80; Cons Gold, 800; Cons Rut. 280; C.R.A., 1220; Cudgeon, 130; Eastmet, 75; Emperor, 35; Gm. Kalg., 43; Gt. Nthn, 40; Hamersley, 550; Hill 50. 40; Kambalda, 8; Kath. Inv., 940; Laverton 29; Mallina, 35; M.K.U., 190; M.I.M. • 375; New 8.H., 340; Nth. Flind., 33; Nth Deb., 51; Nthn Min., 40; Paringa, 20; Peko, 60; Placer, 320; Planet Met., 48; Project Min., 15; Poseidon. 3700; Qld Mines, 2200; Samin, 480; Scamander, 37; Tasminex, 110; Western Min., 490; Woodreef, 15; Allodev., 20; Ampol Ex. 125; A.A.0., 125; A.0.G., 42; Beach, 40; Bounty 5; Clarence 11; Genoa, 16;. Longreach, 18; Mideast, 26; Oilsearch, 22; Pexa. 4; Planet Oil, 22; Timor, 38; Westmoreland, 25; Woodside, 40. MELBOURNE Sales.—Ampol, 63; Ansett, 68; A-.R.C., 110; Assoc. Pulp, 160; A.C.1., 162; A.K. Cement, 91; A.P.M., 170; N.S.W., 606; Boral, 140: 8.H.P., 1445; Carlton, 360. and Z, 345; Comalco, 420, ana ctg, 262; Coles, 76; d.S.R., 164; C. 200; Com. Union, 190; Containers. 175; Cyclone, 101: Dunlop, 118; E.Z.1., 323; F. ana T., 93; Flex. Drive, 230; Gerrard, 260; G. and Gotch, 124; G.U.D., 310; Hardie, 115; Healing, 5; Herald, 345; Hooker, 111; Humes, 165; Jennings, 124; M. B. John, 112; H. Jones, 228; Kelvinator, 95; Mayne Nick., 142; McPhersons, 56; Minister, 130; Myers, 228; Nat. Bank, 280; Nat. Consol., 150; News, 325; Nylex, 105;

Olympic. 75; Overseas, 165; Petersville, 19; Repco, 183; Rocla, 142; Sleigh, 55; How. Smith, 260; Swan, 230; T.N.T., 145; Uniroyal, 85. Mining, 0i1.—A.A.0., 125; Aberfovle, 120; Beach, 40; Bounty, 5; B. Sth, 335; Cons Gold, 790; C. 1200; Gt Boulder, 285; Hamersley, 546; Interstate, 22; Loloma, 150; Magellan, 100; Met. Ex., 520; M.1.M., 375; Mt Lyell, 180; New 8.H.. 1360; Nth d.H„ 178; OU Search, 22; Southland, 235; Sth Pac., 24; West Mining, 485.