Industrials uneasy before the Federal Budget
Trading was buoyant in the mining sector, but some pre-Budget caution was ir 'evidence among the industrial stocks yesterday. B.H.P. was steady after trading earlier at 796 c, and
i CSR also finished steady a 1332 c. I Among the breweries Tooths lost 2c to 186 c, ant 'Tooheys eased 2c to 148 c I because beer is being widelj i tipped as one of a numbei
tiof items facing price ini creases as a result of the , Budget. 1- After improved prices on I ,:the London Metal Exchange,; i' Mount Isa was strongly sup-l r ported, rising 8c to 240 c. ; Central Norseman was 20c | i higher at 1050 c, and Consoli-I dated Gold Fields rose 5c to I 330 c. . CRA, leading the rises! ’ among the diamond prospec-l tors, rising 12c to 320 c. y Among the uranium; ; I stocks, trading was mixed ; with Peko up 10c to 592 c, ’;EZ Industries rose 5c at , 288 c, and Queensland Mines > 10c lower at 310 c. I The recovery of thej 'Ranger stocks coincided! ■with newspaper reports that! -; a compromise on royalty I payments is still possible. I
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Press, 16 August 1978, Page 26
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195Industrials uneasy before the Federal Budget Press, 16 August 1978, Page 26
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