AUSTRALIA Gold shares jump

Press, 17 August 1985, Page 26

AUSTRALIA Gold shares jump

PA Sydney Australian sharemarkets closed barely steady as buying interest declined in all sectors except gold. Brokers said share prices were unable to sustain the levels reached in early trading and drifted lower on investor hesitancy ahead of next week’s Federal Budget. The gold index shot up 28.1 points to 1078.9 on the strength of a sharp rise in world gold prices overnight. Brokers said the market was influenced by both a weaker Australian dollar, which helped to firm prices in early trading, and fears of higher interest rates. The national turnover was 82.7 million shares valued at $37 million, with rises leading falls by 315 to 183. BHP traded more than two million shares on broker speculation of a tussle between Adelaide Steamship and Robert Holmes a Court’s Bell Group. The stock opened 4c firmer at 716, but closed steady at 712. CSR dropped 4c to 316. The Canadian-based Placer Development, Ltd, the major owner of Kidston gold mine, requested suspension from exchanges after its major shareholder, Noranda Pacific, announced plans to sell it 31 per cent stake to the public. Noranda topped the mining turnover list on its second day of trading with 3.8 million partly paid shares exchanged at 46c, a gain of 4c. Noranda’s ordinary shares rose 1c to 75c.

Closing quotes Last Industrial Buy Sell sale ACI 277 278 278 AGC 280 282 280 AMI 252 264 260 ANI 265 270 270 ANZ 512 516 512 APM — 292 290 AWA 520 526 520 AdelStm 900 910 900 Ad’tiser 260 265 — AliiedMl 280 282 280 Amatil 520 — 520 Ampol 210 213 212 Ariadne 57 58 57 Arnotts 370 372 370 AFound 175 — — BHP 710 712 712 BellG 790 792 792 BondCorp 153 154 154

Boral 352 355 352 Brambles 40C 405 400 Bundaberg 195 200 195 BurnsP 49C 498 496 CIG 285 — 290 CSR 316 317 316 C’maine 750 754 750 CoalAll 576 590 580 Coles 410 411 411 Comalco 190 196 196 Costain 200 205 201 Dunlop — 255 255 Elders 315 316 315 Elders opt 65 67 — Email 155 160 155 FairjaxJ 830 — 830 FeltexNZ 232 240 232 Fletcher 265 270 270 GPT 222 223 223 GPT nts 210 — — GUD 225 — — GGotch 305 310 — Hanimex 87 88 88 HardieJ 320 322 322 Herald 485 500 485 Hooker 196 200 200 Humes 178 180 179 ICI 215 220 215 lELGrwth 105 107 110 lELIncme 84 — — Impala InoEquit 90 720 100 100 720 IntrTech 32 33 33 Jennings 190 192 190 JohnsPry 360 380 370 JonesDav 840 850 840 Jonray 620 — 620 Kern 198 205 205 Leighton 128 130 130 LLease 690 696 696 MLC 2700 2720 2700 Martin pref MayneNic 68 320 69 69 320 McPherson 170 172 170 Monier 193 194 193 Morris pref 710 720 — Myer 338 340 338 NZFor — 200 — NZICorp — 136 135 NZICorp opt — 100 — NatAust 470 471 470 NatCons 240 250 242 NewsCorp 680 686 686 Nicholas 195 — 200 OPSM 278 280 280 Oakbridge 123 124 124 Olims — 71 70 PetersSl 183 184 184 PioneerC 203 204 204 Pioneers — 135 135 QBE 640 — 650 Reckitt 375 — 378 Repco 134 135 135 Rothmans 514 530 — SmithHwd 530 550 550 Stockland 160 161 162 TNT 223 224 224 Taubmans 183 195 — Tooth 576 580 576 UnionC 265 270 265 Vapocure 450 470 460 Vestcorp 115 120 115 Walton 40 41 41 WaughJos 140 145 — WfieldHl 1010 - 1010 Westpack — 473 473 Whitelnd 430 440 — Woolworth 348 350 348 Wormaid 394 395 395 MINING Aberfoyle 1040 1060 1050 Allstate — 23 23 Alpha 54 — 54 Ashton 117 118 117 AustDevl 17 — 17 BellRes 710 720 720 Bouganvle 193 198 193 CNGold 960 980 960 CRA 590 594 590 CarrBoyd 185 190 182 CMI 280 285 280 ConsRtle 610 — 620 Cudgen 270 290 270 ERA 158 160 158 Emperor 420 430 422 GMkalg 1110 - 1110 HU150 32 33 32 Kidston 576 580 580 MIM 288 290 290

MetalsEx 45 47 46 MidEMin 32 38 — NorthBH 240 242 242 NthFlndr 250 255 250 PancontM 201 202 202 Paringa 130 140 — Paringa opt 30 35 — Peko 475 480 475 Placer 2450 2600 — Poseidon 435 445 440 QldCoal 170 172 170 RGC — 558 564 Southland 145 150 145 SthnPac 17 18 18 WMC 425 426 425 WestSand — 145 145 WhimCrk 318 OILS 320 320 AOD 105 — 105 AOG 115 125 — AmpolExp — 272 270 Beach 103 104 104 Bridge 255 256 255 Claremont 165 170 165 Crusader 250 — 255 Hartogen 220 223 220 L’reach opt 20 — 20 Magellan 220 — 230 Magnet — 15 13 Offshore 16 17 16 OilSearch 33 34 34 PancontP 30 31 30 Santos 580 584 580 Vamgas 395 400 400 Weeks A us 88 90 88 WeeksPet 600 650 — Woodside 130 132 132