Stocks drift aimlessly in listless market

Press, Volume CXI, Issue 32702, 3 September 1971, Page 23

Stocks drift aimlessly in listless market

AH sections drifted aimlessly on an ex. tremely dull Australian market yesterday. Falls outnumbered rises but most were small.

Bougainville rose 5c to 285 c, and New B.H. firmed 10c to 960 c. Kathleen Investments dropped 25c to 360 c, and Queensland Mines shed 20c to 570 c. Poseidon eased 50c to 2100 c, while Great Boulder dropped 5c to 160 c. MIM finned 5c to 320 c, and Hamersley eased 2c to 300 c. Woodside firmed 2c to 125 c, but Mid Eastern Oil dropped that amount to 90c. Santos rose 5c to 370 c, while Reef, and Magellan dropped 1c each. B.H.P. dropped 20c to 1265 c, and Comalco eased 5c to 240 c. CSR traded 6c lower at 504 c. The Commercial Bank of Adelaide shed 8c to 200 c, and the Bank of N.S.W. closed 4c lower at 580 c. Carlton. Z shares finned 5c to 370 c after a higher profit announcement, and Philip Morris put on 4c on a buying quote at 834 c. SYDNEY S»lM.—Ampol, 54; Ansett, 86; A.W.A., 124; Ass. Sec., 198; A.G.C., 184; A.N.1., 95; Bk N.S.W., 580; 81. MU, 148; Borg, 205; Bramble, 198; 8.H.P., 1265; Carp., 202; C’maine, 786; C’reagH, 81; Clyde, 87; Coal, 115; C.S.R., 500;

Comalco, 342; Coral of Syd., 215; C.LG., 335; Cone, ind., 70; Dickson, 62; E.ZX, 3101; Elders, 145; Fairfax, 230; F and T, 99; Fibre etg, 163; Hanimex, 1 ,100; Hooker, C., 110; D. Jones,: 145; L.N.C., 120; Lifesavers, 200;; M.L.C., 584; Mainline, 250; Marrijek, 67; Mauri, 120; Miller, 125; IKewbold, 90; News, 320; Olims, I 20; Penfold, 180; Pioneer C., lOlt Pioneer S., 175; Publishers, 125 a 'Old Ins., 300; Rothmans, 232; SimiL 95; Austin, 104; Sleigh, 47; Souk W. H., 550; Sth Brit., 524; Tiuibmans, 71; Thiess, 300; Tooheyta, 180; Tooth, 508; T.N.T., 165; Tfavelodge, 83; Waltons, 114; Wwtl», 77.

Mining, oil.—A listate, 15; Bvllle, 285; B.H. St t, 306; Cleveland, 66; Con. Go d, 680; Con. Rut, 245; C.R.A., 680; Cudgen, 120; Eastmet, 22; Emperor, 40; G.M. Kalg., 33; Ha mersley, 305; HUI 50, 25; Kambal 6a, 45; Kath. Inv., 360; Laverton , 11; M.K.U., 140; M.IJU., 320; N Im Min., 38; Paringa, 13; Peko, 880; Placer, 2550; Planet Met, 13; Poseidon, 2100; Qld Mines, 5 tO; Robe R., 85; Scamander, 19; ' Fasminex, 52; West. Min., 320; Westralian, 36; Woodreef, 13; Allodi sv, 30; Ampol Ex., 116; A.A.0., 13 ft Beach, 35; Bounty, 3i; Genoa, i fc Longreach, 15; Mideast, 90; 01: Search, 30; Pexa, 5; Planet OU,, 36; Vamgas, 36; Woodside, 125. MELBOURNE 53; Ansett, 68; AJI.C., 85; Assoc.> Pulp, 128; A.C.1.. 153; A.K. Cement, 98; A. 170; Bk N.S.W., 580; B. 1260; B route, 110; Comalco, 340 and ci s, 328; Carlton Z, 370; Cast ,i Perk., 790; Surplus declined Japan had a i surplus of SUS49Sm in its ba lance of international payments for July, the Financte Ministry ’ has announced, jrhe revised ; statistics released by the ■ ministry show a decline from a surplus of s6Mrh for the previous month, Tbut a gain from a surplus oftesl93m. in , July, 1970. This vias because i of an increased Capital outflow, although a record trade surplus of s7BBm (was reached in the month, tllie ministry . said.—(P.A.) 1 I

Coles, 85; C.S.R., 504; C.BA., 208; Containers, 215; Dunlop, 114; Email, 77; E.Z.1., 315; F and T, 98; Gollin, 57; G. Gotch, 160; Herald, 370; Hooker, 110; Humes. 180; I.C.LA.N.Z.. 139; Jennings, 153; M.B. John, 125; H. Jones, 200; Kelvlnator, 90; Mayne Nick, 150; Mcßwralth, 74; Minster, 105’; Myers, 246: Nat. Bk, 310; Nat. Con., 138; News, 320; Nylex, 85; Olympic, 73; Petersville, 20; Repco, 195; Rocla, 120; Sleigh, 47; Swan, 212; T.N.T.. 167.

Mining, oil.—Aberfoyle, 110; Basin. 23; Beach, 37; Bounty, 31 and opts, 1; B.H. Sth, 310; Con. Gold, 680; C.R.A., 680; Gt Boulder, 160; Hamersley, 300; Loloma, 125; Magellan; 194; Met. &g>., 475; M.1.M., 320; Nth 8.H., 157; Oil Search. 28; Renison, 580; Santos, 370; Silver V., 30; Sthld, 65; Sth Pac., 45; West Mln., 320.

Pulp output sold Contracts covering the entire pulp output of the second pulp plant at Kinleith had ben .negotiated by N.Z. Forest Products, Ltd, the director of marketing (Mr D. O. Walker) has reported. C.U.B. profit up The unaudited group net profit of Carlton and United Breweries, Ltd, increased sl.2m, or 12.7 per cent, to $10.6m in the year to June 30, the directors report. The provision for tax was sl.9m higher at slom and the provision for depreciation was $814,000 higher at s4.lm. (P.A.)