Speculation enlivens Australian markets

Press, 19 October 1977, Page 26

Speculation enlivens Australian markets

Australian share-markets • retreated as the Latrobe Vai- , ley power workers walked off the job yesterday. B. which traded as high as 560 c during the day . finished unchanged at 544 c. A.A.R. slipped 2c to C.S.R.’s buying price of 230 c on turnover of 3M shares in Sydney and Melbourne as the possibility of a higher bid from C.R.A. faded. Coal and Allied moved sharply ahead from 288 c to 315 c after indications that the N.S.W. Government might make new proposals on the Warkworth deposit. Market observers noted that C.R.A. could be favoured in such a change, but its price slipped 6c to 240 c. C. slipped a cent to 304 c, but o,ther sugar stocks moved ahead. Gold stocks were in demand on the rising bullion price. M.1.M., Bougainville, and Peko rose. Pancontinental showed a 60c rise to 780 c. The banks were popular on interest-rate considerations. MELBOURNE Industrials.—A.N.l., 126; Ampol, 60; Ansett, 129: Aust. Fert., 103; A.C.1., 166; A.P.M., 111; N.S.W., 510; Boral, 235; 8.H.P.. 546; Comalco, 255; C.U.B. Z.. 167: Coles, 166; C.S.R., 305; C.8.A.. 260; Com. Union, 63: Dunlop, 108; Email, 71; E.Z.1., 222; Acmil, 66: Herald, 226; Hooker. 60: Humes, 78; 1.C.1., 185; Jennings, tO2; Kelvinator, 78; Mayne Nick, 150; Mclwraith. 131; McPhersons, 57; Nylex, 43; P Morris. 716; Myers, 176; Olympic, 40; Petersville, 85: Repco, 115; Rocla. 75; Sleigh, 69: 11. Smith, 295: Swan, 145; T.N.T., 100. Mining, oiI.—A.A.R., 230; Aberfoyle. 114: Aust. Dev., 45: Basin, 55; Beach,' 14; B.H. Sth. 112; Cent. Norse, 740; Cons. Gold, 210; C.R.A., 245; Hamersley, 245; M.1.M., 187; Renison, 600; Santos, 230; Southland, 33; South Pac., 32; W.N.C., 140. SYDNEY Industrials. —Amatil. 207; Ampol Pet., 60; Ansett. 129; A.W.A., 152; A.N.Z.. 325; A.G.C., 143; A.N.1., 128; N.S.W., 510; B M. 1., 79; Boral, 235; Brambles, 150; 8.H.P., 544; Bundaberg, 325; Burns P.. 190; W. R. Carp.. 134; Clyde. 160; Coal AU., 315; C.S.R., 304; Coles, 169; C.8.C., 150; C.1.G., 318; Cone. Monier, 162; Dickson P., 92; Email. 71; E.Z.1., 222; Elders, 185; Fairfax, 155; Fiji, 90; Acmil. 67; Haniinex, 108; Hardie, 412; Hooker. 60; 1.C.1., 184; D. Jones, 88: L.N.C., 169; Lend Lease, 265; Lifesavers. 170; Marrickville, 110; Mauri Bros. 81; Myers, 176; Petersville, 85; Pioneer Sugar, 139: Provincial. 82; Rothmans, 230: Sims, 86: Sleigh. 69; Swan Brew.. 145; Taubraans. 95; Thiess,

220; Tooheys, 136; Tooths, 195; T.N.T., WO; Union Carb., 185; Waltons, 76; Woolworths, 148. Mining, oil.—Bougainville, 91; B.H. Sth, 112; Abininco, 41; Com. Min., 93; Cudgen. 120; Emperor, 51; G.M. Kalg.. 70; Hamersley, 245; Hill 50 Gold, 12; M.1.M., 187; Pancontinental. 780; Peko, 490; Oakbridge. 154; Robe River, 95; Tasminex, 25; Southland, 33; W.M.C., 140. Ampol Ex., 100; A.A.R.. 230: Beach, 14; Bridge, 49; Genoa. 24; Pexa. 120; Vamgas, 39; Woodside. 66.