Aust. market dull

Press, 15 September 1976, Page 24

Aust. market dull

Australian stock markets closed on a mixed note yesterday, in dull trading conditions. Share prices had retreated across a wide front initially before late buying support materialised to help lift some sections out of the doldrums. The market leader, BMP, jumped 14c to 870 c after sinking as low as 842 c, as did the Wales at 540 c — after an early upset. Amatil, Hooker and Tooth showed slight improvements, but Myers. Comalco, ANZ, National. Lend Lease, and CSR were sold down. EZI plunged 10c to 365 c in sympathy with its Ranger partner, Peko-Wallsend, which incurred a heavy loss, falling back 30c to 530 c. BH South shed 11c at 195 c and Hamersley eased 4c to 232 c. Bougainville, North BH, and Robe River were slightly easier. Poseidon stood out with a strong performance; the stock was able to recapture the 100 c mark after a 16c leap, to recoup a great part of fast week’s losses. SYDNEY SALES Industrials.—Amatil, 160; Ampol. 70; Ansett, 116; A.W.A., 100; Assoc. Sec.. 42; A.N.Z.. 368: A.G.C., 185; A.N.1.. 45; 8.N.5.W.. 540; 8.M.1.. 98; Boral. 215: Borg W . 195; Brambles. 176: 8.H.P., 870; Bundaberg. 425: Burns P.. 240 and S.S. 300: W.R. Carp., 130: C.S.R., 492; C.A.G.A., 200; Coles G.J., 150; Comalco. 225; C.8.C.. 180; Courage. 55: C.1.G., 265; E.M.1., 252: Email. 66: E.Z.1., 365; Fairfax, 160: Hanimex, 155; Hardie. 600; Hooker. 109; 1.A.C., 85: 1.C.1. Aust.. 170; D. Jones,

113; L.N.C., 201; Lend Lease, 290; Marrickville, 65; Mauri Bros, 59; Myers, 246; N.Z. Forest, 230: Newbold, 95; News. 229; Olims, 50; Petersville, 31; Pioneer Monier. 117; Pioneer Sugar, 400; Publisher, 150; Rothmans, 200; Sims, 182; Sleigh, 62; Soul, 550; Swan Brew, 132; Taubmans, 98; Theiss. 235: Tooheys. 125: Tooths, 174; T.N.T., 180; Union Carb., 185; Waltons, 101; Wilcox, 25; Woolworths. 130. Mining oil.—Assoc. Min, 325; Bougainville, 131: B.H. Sth, 195; Cleverland. 38; Com. Min.. 253; C.R.A., 295; Cudgen, 38; Eastmet. 16: Emperor, 32; G.M. Kalg., 23; Hamersley. 232: Hill 50 Gold, 51; Kath. Inv., 155; Laverton, 2; M.1.M., 240: Paringa, 16; Peko, 530; Placer. 850; Project Min., 14; Poseidon. 99: Oakbridge, 98; Old Min.. 240; Robe Rv., 119; Tasmfnex. 3; Southland, 44; W.M.C., 176; Westralian, 35; Woodsreef 13; Allodev., 8; Ampo! Ex., 120; A.0.G., 14; Beach, 16; Bridge, 40; Longreach. 2; Oil Search, 13; Pexa, 33; Timor, 5; Woodside, 113. MELBOURNE SALES

Industrials.—Ampol, 70; Anpol. 70; Ansett. 116; A.R.C., 106; A.C.1., 155; A.P.M., 158; N.S.W., 540; Boral, 215; 8.H.P., 864; Comalco, 225; Bundaberg, 420; C.U.B. Z., 197; Carrier, 58; Coles, 151; C.S.R., 490; C.8.A., 330; Containers, 145; Dunlop, 116; Email, 65; Acmil. 81; Flexdrlve, 110; Gerrard, 280; G.U.D., 145; Herald, 212; Hooker. 108; Humes, 115; 1.C.1. Aust., 170: H. Jones, 58; Mayne Nick., 172; MeDwraith, 115; McPhersons, 56; Nylex, 46; P. Morris, 866; Myers, 250; Nat. Bank. 310; Nat. Cons., 123; News, 230; Olympic, 52; Overseas, 165; Petersville, 31; Repco, 136; Sleigh, 63; H. Smith, 390; Swan, 130: T.N.T., 180; Uniroyal, 130.

Mining, oiI.—A.A.R.. 110; Beach, 16; B.H. Sth. 196: Cons. Gold. 250: C.R.A.. 295; Hamersley, 230: Utah, 450; Metals Ex., 64; 238; Mt Lyell, 60; OU Search. 13: Renison, 690: Santos, 135; Southland. 44; W.M.C., 174. Profitable year Davis Consolidated Industries, Ltd, has increased profit this year 20.9 per cent to sAustl.9M. Sales rose 13.1 per cent to 513.8 M. The dividend has been increased from 13c a share to 15c a share. The expansion of the group into the paper coating and laminating field was unsuccessful, and Standard Coated Products, Ltd, will be sold. Profitable merger Quay Corporation, Ltd. the product of a merger between Austral Mining, Ltd, and Triad International Proprietary, Ltd. recorded a net profit of SAustl 11,000 in its first seven months trading to June. The directors are recommending a final dividend of 1.625 c a share, bringing the annual dividend rate to 3.02 c a share.