Sustained selling cuts prices back

Press, Volume CXIV, Issue 33665, 15 October 1974, Page 24

Sustained selling cuts prices back

Australian markets were generally depressed with share prices settling at lower levels in the wake of a sustained selling bout yesterday.

The banks were among the heaviest losers, with the B. dropping 20c to 375 c and C.B.A. 13c to 155 c. B.H.P. was cut back 28c at 500 c while C.U.B. recorded a 12c loss at 140 c. Comalco, Philip Morris, Waltons, Amatil, Thiess and C. were other heavy! losers. Aust. Guarantee lost! al! of Friday’s gain, but Grace Bros and I.A.C. moved

higher. Lend Lease was lift-’ ied 3c to 118 c. i On the mining boards J i uraniums Pancontinental and! ! Kathleen Investments were I ■ sold down, as uncertainties i iover Australia’s minerals | ■policy continued to affect! ! trading sentiment. Peko-Wallsend was able to I hold its ground, but Cons. ! Goldfields dropped 10c to 170 c and Hamersley 5c to 110 c. North 8.H., W.M.C., I A.M.S. and Bougainville! were also unsteady but B.H. South, Emperor and M.I.M. i remained unchanged. Utah moved a little higher at 404 c. Woodside-Burmah and! A.A.R. were heavily cut’ back.

SYDNEY Sales.—Amatil, 140; Ampol. 41; Ansett. 57; A.W.A., 105. Assoc. See.. 39; A.N.Z. 240; A.G.C.. 90; A.N.1,. 87; N.S.W. 355; 8.M.1.. 72; Boral, 134; Borg, 120: Brambles, 83; 8.H.P., 504; Bundaberg. 340; Burns P.. 225: Carp., 105; C’maine. 225; Clyde. 75; Coal All.. 92; C.S.R.. 270; C.A.G.A., 1155; Coles 83; Comalco. 134; 1C.8.C., 145; Cone. Monter. 64; iCourtaulds. 30; Email. 64; E.Z.1., 260; Elders. 145; Fairfax, 110; F and T. 51; Hanimex. 120; J. i Hardie, 245; Hooker 65; 1.A.C., 39; ICI. 135; 1.R.H.. 37: D Jones. 76; L.N.C., 100; Lend Lease, 112; iM.L.C.. 185; Marrickville. 49; I Mauri. 88: Myers 98; Newbold, 190; News. 59; Paynter. 55: Peters- ■ rille. 24: Pioneer Monier. 70; | Sims. 100; Sleigh 38; Soul 370; I Sth Brit.. 225; Oakbridge. 28; Swan. 105; Thiess. 98; Tooheys. 87; Tooths. 139: T.N.T.. 70; Union

r I Carb.. 190; Waltons. 50; Wwths, : > 58. Mining, oil.—Allstate. 4; Beaver , 1 Exp.. 3; Bougainville. 97; B.H. Sth. 175; Patrick. 6; Cleveland, 31; Com. Min.. 175; Cons. Gold. 170;. Cudgen. 36; Emperor. 175: Ilamersley. 105; Kath Inv’ 68; M.K.U., 46; M.1.M., 153; Peko.; 250; Placer 1200; Project Min.. A;| Qld Min., 105; Southland, 16:! W.M.C.. 123; Westralian. 29Woodsreef. 2; Allodev 4; Ampol ;Ex., 51; A.A.R. 85; A 0.G.. 6; Beach. 15; Bridge 8i; Clarence,' 3; Oil Search, 13; Pexa. 2; Timor, ,9; Woodside. 53. i

MELBOURNE Sales.—Ampol. 43; Ansett, 57; I Assoc. Pulp. 100; A.C.I. 138; A.P.M., 115; N.S.W.. 355; Boral, 128; 8.H.P.. 500: Comalco. 133; C.U.8.Z.. 140; Coles 82; C.S.R., 278; C.B.A. 155; Containers, 114; Dunlop. 68; Email 62; F and T, 50; Gollin, 75; G Gotcli. 115; Herald. 180; Hooker. 65; ICI, 135; Jennings. 90; H. Jones. 140; Kelvinator. 68; Mayne Nick., 82; Mo Ilwraith 75; McPhersons 44; Nylex, 59: P. Morris. 330; Myers, 98; Nat. Bank. 164; Nat. Consol.,! 85; News, 59; Olympic. 58; Overseas. 90; Petersville 24: Repco, I 88; Sleigh. 35: Swan 105; T.N.T 700; Wehl. 85 Mining, oiI.—A.A.R 85; Aust.! Dev., 35; Beach. 15; B.H. Sth 172; Cent Norse. 135; Cons. Gold, 170;' |C.R.A.. 195; Gt Boulder. 33; Hamersley 110; Interstate. 22;; -Utah 404: Metals Exp 39; MI M 155: Silver V . 20: W.M.C. 124