Easier tone in Melbourne

Press, Volume CXII, Issue 33037, 3 October 1972, Page 19

Easier tone in Melbourne

Mining and industrial issues eased on the Melbourne Stock Exchange yesterday and with only a low turnover there was little to suggest inter-state interest. In the absence of buying support, leading mining stocks slipped back sharply in early trading, but this was offset to a degree during the mid-morning and afternoon.

Falls outnumbered rises 109 to 81, and 137 stocks were steady on Friday’s closing levels.

B.H. Sth rose from 200 c to finish at 245 c after the company reported a substantial loss for the latest year, but directors predicted future improvements. Poseidon fell to its lowest point this year of 950 c and

N.B.H.C. was down 17c at 297 c. Utah at 445 c, Great Boulder at 150 c and Queensland Mines at 235 c each lost 5c and Kathleen Investments rose 8c to 168 c. Adelaide Motors, which rejected the open-ended Merbank bid of 252c' a share, fell 13c to the offer price, while Merbank gained 10c to 185 c. MELBOURNE Sales.—Ampol, 78; Ansett, 100; Aust. Fert., 120; Assoc. Pulp, 122; A.C.1., 255; A.K. Cement, 103; A.P.M.. 210; N.S.W., 770; 8.H.P.. 1090; Boral, 295; Carlton, 500: Comalco, 348; C’maine, 650; Coles' 149; C.S.R., 480; C.8.A., 350; Containers. 305; Cyclone, 145; Dunlop. 121; Email 110; E.Z.1., 398; F and T, 135; Gerrard. 395; Gollin, 73; G. Gotch, 205; G.U.D., 390; Herald. 502; Hooker. 197; Humes, 288; 1.C.1. Aust.. 167; Jennings, 395; H. Jones. 385; Kelviriator, 120; Mcllwraith, 130; Mayne Nick., 190; Myers, 251; Nat. Bank, 345; Nat Consol., 202; Nylex. 132; Olympic. 94; Overseas. 205; Petersville, 35; Repco, 230;

Rocla. 148; Sleigh. 69; H. Smith, 380; Swan, 238; T.N.T., 250; Wehl, 203.

Mining, oil A.A.0., 128; Aberfoyle, 70; Aust. Dev., 85; Basin, 15, and opts, 0J: ,B.H. Sth, 245; C. Norseman. 105; Cons. Gold, 540; C.R.A., 620; Gt Boulder, 150; Hamersley, 246; Interstate, 51; Loloma, . 130; Magellan. 130; Metals Exp., 282; M.1.M.. 304; Mt Lyell. 168; N.8.H.C., 297; Nth 8.H., 160; Oil Search. 14; Silver V.. 23; Southland, 44; West. Min.. 278; West. Titan, 230.