Further decline by miners on unsettled markets

Press, Volume CXII, Issue 32861, 9 March 1972, Page 20

Further decline by miners on unsettled markets

Mining shares were cut back further in relatively quiet trading on Australian stock exchanges yesterday. Oils were little changed and industrials were mixed. Hamersley shed a further 10c to 290 c after opening firm. More than s77m has been writen off the market capitalisation of the company since the announcement of the latest cuts in shipments to Japanese mills. CRA, Hamersley’s parent, dropped 30c to 690 c. BH South was down 10c to 250 c and Bougainville lost 10c at 360 c.

Mary Kathleen was steady after die U3OB sale announcement. Kathleen Investments shed 20c to 250. Utah was 10c lower at 385 c after the report. B. was erratic. The shares gathered support during the day to show at one stage a 15c gain at 1200 c but when the market closed, the shares had retreated to 1185 c, unchanged oh the day. C. dropped 6c at 530 c and transport group T.N.T. fell 11c to 245 c after recent strong gains. Bank N.S.W. dominated banking stocks with a further 10c rise to 750 c. The National rose 5c at 335 c while Bank of Adelaide declined 5c to 250 c. SYDNEY Sales.—Ami. Chein., 41; Ampol, 75; Ansett, 81; A.W.A., 152; Ass. Sec., 196; A.G.C., 234; A.N.1., 95; N.S.W., 750; Blue Metal, 184; Bramble, 218; Brit. Tob., 300; 8.H.P., 1185; Burns, P., 430; Carn., 250; C’maine Pk., 900; Creagh, 6; Clyde, 11; Coal Al., 110; C.S.R., 530; C.A.G.A., 385; Comalco, 340; Com. of Syd., 282; Cone. Ind., 120; Custom Cr„ 225; Dickson, 75; E.Z.1., 370; Fairfax, 250; Fairymead, 310; F and T, 132; Fibre Cont., 175; Hanimex, 130; Hardie. 495; Hooker, 160; 1.A.C., 208; 1.R.H., 82; D. Jones, 180; IiN.C., 158; Lend Lease, 398; Lifesavers, 275; M.L.C., 760; Mainline. 370: Marrick, 82; Mauri, 150; Miller, 170; N.Z. Forest, 320; Newbold, 121; News. 240; Olims, 14; Penfold, 248; Pet. Chem., 40; P;G.H., 125; Plant Hold., 83; Pioneer C. 185; Pioneer S., 335; Protector, 280; Provincial, 93; Pye, 63; Old Ins., 435; Rothmans, 288; Sims, 91; Slater, W., 228; Sleigh. 65; Soul, 660; Taubmans, 95; Thiess, 305: Tooheys, 266; Tooth, 642; T.N.T., 245: Travellodge, 71; Union Carb., 460; Waltons, 165; Wileox, 97; Woolworths, 100.

Mining and oil.—BMUe. 55; B. Sth, 255; Carr Boyd, 25; Cleveland, 75; Cons Gold, 610; C. 680; Cudgen, 79; Eastmet, 14; Emperor, 38; Hamersley. 290; Laverton, SJ; M.1.M., 345; New 8.H., 425; Pekq, 960; Placer, 3100; Planet Met., 12; Project Min.. 8; Poseidon, 1210; Robe, R„ 83; Scamander, 14; Tasminex, 40; Western Min., 325; Westralian, 34; Woodsreef, 15; AUodev., 19; A.A.0., 108; A.0.G., 27; Beach, 29; Bounty. 3; Bridge, 36; Clarence, 5; Exoil, 25; Longreach, 74; Oil Search, 18; Pexa, 34; Timor, 24; Vamgas, 31; Westmoreland, 8; Woodside Burmah, 136. MELBOURNE Sales.—Ampol, 75; Ansett, 79; A.R.C.. 115; Assoc. Pulp, 120; A.C.1., 240; A.K. Cement, 114; A.P.M., 196; N.S.W., 750; Boral, 245; 8.H.P.. 1195; Carlton, 480, and Z, 460; Comalco, 340; Cast. Perk., 900; Carrier, 100; Coles,

114; C.S.R., 530; C.8.A., 316; Containers, 256; Cyclone, 145; Dunlop, 136- Email. 116; E.Z.L, 370; F and T, 132; Gerrard, 407; Gollln, 73; B’ville, 360; G. Gotch, 208; G.U.D., 380; Hardie, 200; Herald, 400; Hooker, 162; Humes, 252; 1.C.1., 160; Jennings, 250; M. B John, 140; H. Jones, 273; McIlwraith, 106; McPhersons, 64; Minister, 168; P. Morris 1155; Myers, 200; Nat. Bank, 330: Nat. Consol., 190; News, 235; Nylex, 117; Olympic, 84; Overseas. 190; Petersville, 32; Renco, 235; Rocla, 190; Sleigh, 65; H. Smith, 345; Swan, 234; T.N.T., 250; Uniroyal, 8; Whehl, 141. Mining and 0i1.—A.A.0., 108; Aberfoyle, 110; Beach, 30; Bounty, 2 and opts, 1; B.H. Sth, 250; Cons Gold, 610; C.R.A., 690; Gt Boulder. 170; Hamersley, 290; Loloma, 120; Metals Ex., 265; M.1.M., 345; Mt Lyell, 164; New 8.H., 425;' Nth 8.H., 190; OU Search, 17; Petromln.. 8; Renlson, 1030; Santos, 340; Silver V., 31; South Pac.. 25; West. Mln., 323.