AUSTRALIA Gold stocks fall

Press, 3 August 1985, Page 25

AUSTRALIA Gold stocks fall

PA Sydney Australian sharemarkets closed easier, with resource stocks under selling pressure following overnight falls in metal prices, brokers said. They said United States moves to cut Government spending saw the American dollar rebound on international money markets, resulting in a SUS 7 fall in the New York gold price overnight. Australian gold stocks fell across the board, despite support from off-shore interests as the South African crisis continued. Near the close of trading, the all ordinaries index had dropped 3.3 points to 936.6 and the gold index had slipped 12.7 points to 1045.5. The all industrials marker firmed 0.5 points to 1364.0 and the all resources indicator fell 6.0 points to 605.5. Brokers said off-shore interest in leading resource stocks declined as the U.S. dollar firmed, with CRA falling 24c to 586, CSR 6c to 328, Bougainville 7c to 205, MIM 12c to 268 and Western Mining 13c to 415. Broken Hill added 2c to 676, while North Broken Hill slipped 2c to 228. Among gold stocks, Central Norseman fell 16c to 950, Metana 15c to 320, Poseidon 10c to 425 and Emperor 10c to 420. Peko shed 10c to 465 and Kidston 2c to 508, while GMK rose 10c to 1140, Sons of Gwalia 7c to 275 and Placer 80c to 2650. Closing

quotes Last Industrial Buy Sell sale ACI 272 273 274 AGC 275 279 278 AMI 245 — 250 ANI 274 275 275 ANZ 526 528 526 APM 288 290 288 AWA 485 — 485 AdelStm 874 888 880 Ad’tiser 265 270 — AlliedMl 280 282 280 Amatil 510 512 510 Ampol 205 210 205 Ariadne 57 58 58 Arnotts 370 375 370' AFound 167 170 170 BHP 672 676 676 BellG — 790 784 BondCorp 156 158 157 Boral 348 352 350 BorgW 265 270 — Brambles 395 400 398 Bundaberg 205 208 205 BurnsP 430 435 435 CSR 328 330 328 C’maine 754 760 754 CoalAll 514 520 514 Coles 383 384 383 Comalco 200 204 205 Costain 175 — 180 Dunlop 255 260 258 Elders 315 316 315 opt 65 70 — Email 145 152 150 FairfaxJ 806 810 810 FeltexNZ 195 205 —

Fletcher 258 265 260 GPT 214 216 215 GPT nts 210 212 210 GUD 240 — — GGotch 305 — 306 Hanimex 86 90 86 HardieJ 316 320 316 Herald 490 — 490 Hooker 185 — 185 Humes 175 180 175 ICI 200 201 200 lELGrwth 105 116 — lELIncme 75 80 — Impala IndEquit 90 100 95 670 682 670 IntrTech 27 28 28 Jennings 190 192 191 JohnsPry 415 420 420 JonesDav 730 770 760 Jonray 570 600 570 Kern 138 140 140 Kern pf — 175 •— Leighton 143 144 143 LLease 702 704 704 LifeSave 350 — — MLC 2700 2750 2750 MartinPr 71 72 72 MayneNic McPherson 315 165 317 166 315 165 Monier 178 184 180 MorrisP 710 — — Myer NZFor 320 322 320 198 — 200 NZICorp 128 130 131 NZICorp opt NatAust 98 461 100 463 461 NatCons 212 215 213 NewsCorp 640 650 646 Nicholas — 200 200 OPSM 282 284 284 Oakbridge 116 117 116 Olims 70 75 70. PetersSl 180 183 183 PioneerC 196 198 196 PioneerS 134 135 134

QBE 620 630 - Reckitt 380 Repco 133 134 134 Rothmans 480 500 490 SmithHwd 498 504 500 Stockland 166 167 166 TNT 228 230 230 Taubmans 183 — 183 Tooth — 600 UnionC 270 275 Vapocure 520 550 — Vestcorp 115 120 — Walton — 44 42 WaughJos WfieldHI 145 150 — 960 970 970 Westpac 486 487 486 Whitelnd 410 420 — Woolworth 333 334 333 Wormald 396 MINING 398 396 Aberfoyle 1100 1120 1100 Allstate — 24 — Alpha 45 — 48 Ashton 117 120 117 AustDevl 16 17 16 BellRes — 700 — Bouganvle CNGold 204 205 205 940 950 950 CRA 584 586 586 CarrBoyd 182 188 185 CMI 275 280 — ConsRtle 590 — — Cudgen 265 270 ERA 165 — 165 Emperor GMKalg 415 425 420 1140 1150 1140 Hill50 27 28 27 Kidston 508 510 508 MIM 266 268 268 MetalsEx 45 — —. MidEMin 35 38 NorthBH 226 228 228 NthFlndr 180 — — PancontM 196 200 196 Paringa 110 120 — opt 12 — — Peko 465 470 465 Placer 2600 : 2700 2650 Poseidon 420 425 425 QldCoal 172 174 172 RGC 530 540 540 Southland 140 150 140 SthnPac 16 18 16 WMC 415 418 415 WestSand — 138 — WhimCrk 300 OILS 302 300 AOD 106 115 — AOG 120 125 • 120 AmpolExp 270 275 270 Beach 95 100 100 Bridge 250 255 250 Claremont 165 170 Crusader 245 — —- Hartogen L’reachO 225 230 230 16 20 — Magellan 225 — — Magnet 14 15 — Offshore ' 16 17 17 OilSearch 33 34 34 PancontP 30 31 31 Santos 580 586 586 Vamgas 415 — 415 WeeksAus 82 84 83 WeeksPet 600 650 — Woodside 135 — 135