Selling unsettles Aust, market

Press, Volume CXVI, Issue 34046, 9 January 1976, Page 11

Selling unsettles Aust, market

Australian stock exchanges ended the day on a generally unsettled’ note in quiet trading yesterday.

Most mining and industrial leaders were sold down and this contributed to the market’s hesitancy — the first time this week the market has shown signs of slowing its advance.

On the mining boards, Consolidated Gold, Pancontinental, B.H. South, C.R.A., and Weeks found late support. However, Queensland Mines plunged 10c lower to 220 c, and Santos lost 6c at 132 c. Emperor, W.M.C., Kathleen, Hamersley, M.1.M., and Bougainville all eased, and coals were again vulnerable. SYDNEY Sales, industrial.— Amatll. 191; Ampol, 72; Ansett, 100; AAV A., 110; Assoc Sec., 04; A.G.C., 205; N.S.W.. 684; 8.M.1., 125; Boral, 250; Brambles. 180; 8.H.P., 706; Bundaberg, 470; Burns P, 240; W. R. Carp., 138; C’maine. 400; Clyde. 134: C.S.R., 422; Coles, 147; Comalco, 145; C.8.C., 220; Courage, 55: C.1.G., 283; Cone. Monier, 125; Courtaulds. 35; Dickson, 75; E.M.1., 270: Email, 67; E.Z.1., 330; Elders, 220; Fairfax, 125; F. and T., 76; Fibre Con., 120; Hanintex, 140; Hardie, 480; Hooker, 151; 1.A.C., tO4; 1.C.1., 177; D. Jones, 124; L.N.C., 155; Lend Lease, 286; M.L.C., 322: Marrlckville, 70; Mauri

Bros. 105; Myers, 225: N.Z. Forest, 255; Penfolds. 95; Pet. Chem., 37; Petersville. 30; Pioneer Cone., 128; Pioneer Sugar, 360; Sims Con.. 133; Sleigh, 54; Swan, 172; Taubmans, 100; Thiess. 232; Tooheys, 180; Tooth, 195; T.N.T., 158; Travelodge 43; Waltons, 135; W’wths, 118. Mining, oil.— Allstate, 12; Beaver, 5; B’ville, 105: B.H. Sth, 188; Carr Boyd, 11; Cons. Gold, 250; Cons. Rutl, 120; C.R.A., 270; Eastmet, 30; Emperor, 73; G.M.K., 75; Hamersley, 198; Hill aO Gold, 14; Kath. Inv.. 155; M.K.U., 90; M.1.M.. 225; Peko-VV., 435; Placer. 350: Poseidon, 186; Qld Min.. 225: Robe River, 90; Southland. 27; W.M.C.. 151: Westralian. 36; Woodsreef, 9: Allodev., 14; Ampol Ex., 108; A. 126; Beach, 33; Bridge, 16; Oil Search, 29; Pexa, 31; Timor. 8; Woodside-8., 148. MELBOURNE Sales, industrial. — Ampol, 73; Ansett, 100; A.R.C., 97: Aust. Fert., 118; A.C.1., 136; A.P.M., 140; N.S.W., 690; Boral, 155; B. 708; Brolite. 60; Comalco, 145; Bundaberg, 470; Coles. 148; C. 420; C.8.A.. 300; Com.

The leading industrial issue, B.H.P. was cut back 12c to 708 c, and CSR dropped 5c to 420 c. The Wales, Comalco, 1.A.C., Woolworths, Jenr.ings, and Tooth were some of the industrials to recede. But Burns Philp, E.Z. Industries, Herald W.T., and Myers recorded good gains.

.Union, 53: Containers, 195; Dunlop, 115; Email, 67; E.Z.I , 332F. and T., 74; Gerrard. 285; Gollin, 19; Herald. 232; Hooker, 151; Humes, 105; ICI, 180; Jennings, 141; H. Jones. 90; Kelvinator, 90; .Mayne Nick., 180; Mc- • Phersons. 59; Nylex, 70; P Morris, 1060; Myers, 227; Nat. , Bank, 310; Olympic, 71; Over- ; seas, 160; Petersville. 30; Repco, ; 132; Rocla, 122; Sleigh, 54; Smith ; How., 400; Swan, 172; T.N.T., 158. Mining, oil. — A.A.R., 125; i Aberfoyle, 57; Beach, 33: B.H. • South, 188; Cons. Gold, 248; ' C.R.A., 268; Hamersley, 198: I Utah. 940; Magellan, 72; Metals Ex., 42; M.1.M.. 225; Oil Search. | 29; Santos, 132; Southland. 27; 1 South Pac., 34; W.M.C.. 150. it Fruit merger : Henry Jones (IXL). Ltd, ; and Clements Marshall Consolidated, Ltd, will merge their fruit processing and agency activities, after a downturn in Tas- ’ manian apple production, ; and increased costs in the export and processing sections of the fruit industry.