Brighter trading at the close in Australia

Press, Volume CXI, Issue 32587, 22 April 1971, Page 16

Brighter trading at the close in Australia

Selected speculatives led a mild rally at the close of an otherwise steady and quiet market on Australian stock exchanges yesterday. Oils remained firm but industrials were slightly mixed in quiet trading. The close was dominated by Allied Minerals which at one stage nearly trebled in price to trade at 126 c. The company released a report which said that it had obtained options over beach sand areas containing over 12m tons of heavy minerals. The stock closed 56c up at 101 c. Spargo’s firmed 10c to 140 c, and Eastmet put on 5c to 50c. Lefroy fell 10c to 150 c and Whim Creek shed 10c to 180 c. Mareeba, Wattle Gully, Selcast and Mining Finance were also marginally lower. Jones Mining dropped a further 15c to 70c. New B.H. finned 30c to 1390 c on continued hopes for the reopening of the mines. North BH and BH South also finned marginally. Utah finned 5c to 420 c. Great Boulder dropped 15c to 280 c and Peko shed 10c to 1100 c. Among the industrials, Cheney put on 18c to 140 c and Lindeman dropped 15c to 395 c.

Geelong Gas and Squatting Investments remained steady. E.Z.I. dropped 5c to 320 c and The Herald gained 6c to 368 c. SYDNEY Sales.—Ampol, 66; Ansett, 63; A.W.A., 120; Ass. Sec., 178; A. 590; A.G.C., 195; A.N.1., 91; Bk N.S.W., 598; Blue M, 142; Bramble, 179; Brit. Tob., 190; B. 1435; Burns P.. 275; Carpenter, 177; Cmaine, 730; C’reach, 16; Clyde, 86; Coal Al.. 155; C.S.R., 598; C.A.G.A., 355; Comalco, 430 and new, 410; Com. of Syd.. 201; C.1.G., 390; Cone. Ind., 75; Courtaulds, 42; Custom, 183; Dickson, 53; E.Z.1., 325; Eld era. 145; Fairfax, 205; Fairymead, 222; F and T, 96; Fibre cont., 165; Hanimex, 96; Hardie, 355; Hooker. 118; LA.C., 158; LR.H., 61; D. Jones, 154; Kolotex, 196; L.N.C., 19; L. Lease, 300; Lindeman, 395; M.L.C., 520; Mainline, 225; Marrick., 65; Mauri, 91; N.Z. Forest, 355; Newbold, 86; N.Z. News, 340: 011 ms. 30; Paynter, 170; Penfold, 163; Pet. Chem., 42; P.GJi., 85; Pioneer C„ 110; Pioneer S„ 198; Pye, 45; Sims, 104; Austim, 104; Sleigh, 56; Soul, 488; Sth Brit, 570; Thiess, 380; Tooheys, 165; Tooth, 502; T.N.T., 145; Travelodge, 87; Union Carb., 534; Waltons, 112; W’wths, 74.

Mining, Oil.—AU State, 33; B.H. Sth, 325; Carr 8., 85; Cleveland, 105; Con. Gold, 780: Con. Rut., 310; C.R.A., 1110; Cudgen, 137; East Met, 50; G.M. Kalg., 40; Hamersley, 500; Hill 50, 38; Kambalda. 9; Kath. Inv., 900; Laverton. 37; Malllna, 85; M.K.U., 185; M.1.M., 358; New 8.H., 1380; Nth Fllnd., 73; Nth Deb;, 60; Nthn Mln., 58; Peko, 1125; Planet Met, 40; Poseidon, 4000; Old Mines, 2300; S.A. Min., 530; Scamander, 40: Tasminex, 102; West. Mln., 508; Westrallan, 41; Woodreef, 16: Allo Dev., 21; Ampol Ex., 115; A.A.0., 120; A.0.G., 38; Beach, 42; Bounty, 5; Clarence, 10; Ex OU, 26; Longreach, 14; OU Search, 28; Pexa, 40: Planet Oil, 20; Timor, 37; VAM Gas, 35; Westmoreland, 27; Woodside, 40.

MELBOURNE 66; Ansett, 64; A. 112; Aust. Fert., 52; Assoc. Pulp, 145; A.C.L, 163; A.K. Cement, 85; A.P.M.. 176; Bk 588; Bora!, 150; B.HJ»., 1430; Carlton Z, 365; Cast Perk., 730; Carrier, 90; Coles, 81; C.SJt., 598; C.8.A., 208; Com. Union, 162; Containers, 195; Cyclone, 102; Dunlop, 117; Email, 65; E.Z.1., 320; F and T, 97; Gollln, 69; G. Gotch, 135; G.U.D., 300; Hardie. 120; Herald, 368; Hooker, 119; Humes, 168; LC.I.A.N.Z., 153; Jennings, 135; M. B. John. 115; H. Jones, 227; Kauri, 14; Mayne Nick., 132; Mcßwraith, 78; McPhersons, 55; Minster, 130; Myers, 242; Nat Bank, 293; Nat Consol.. 155; Olympic. 74; Overseas, 172; Petersville, 19; Repco, 188; Rocla, 142; Sleigh, 57; H. Smith, 268; Swan, 240;T.N.T., 145. Minina 0i1.—A.A.0., 120; Aberfoyle, 120; Aust Dev., 112; Basin, 8i Beach, 40; Bounty, 5; B.H. Sth, 315: Con. Gold, 784; C.R.A., 1110; Gt Boulder, 280; Hamersley, 502; Interstate. 23; Lake View, 115; Magellan, 145; Met. Ex., 600; M.1.M., 358; Mt Lyell, 185; New B. 1390; Nth J3.H., 192: Oil Search, 30; Petromin., 15; Santos, 295; Sthiand, 230: Sth Pae., 30; West. Mln., 506; West. Titan, 536.