AUSTRALIA Gold prices slide

Press, 31 August 1985, Page 26

AUSTRALIA Gold prices slide

PA Sydney Australian sharemarkets closed easier as overnight cuts in the world gold price took the fire out of precious metal stocks, brokers said. They said an easing of tension in South Africa and investor uneasiness over higher interest rates contributed to the market's bearish tone. By the close of trading, the all ordinaries index had dropped 7.8 points to 937.8 and the all industrials had shed 6.1 points to 1371.5. The gold marker fell 39.7 points to 1074.0 and the all resources nine points to 602.2. The highlight of trading was a turnover of three million shares in BHP, of which two million were crossed by a Sydney broker, Bain and Company, at 702, 6c below the market price. Speculation continued that Adelaide Steam or Robert Holmes a Court’s Bell Group is the likely buyer. BHP shares lost 4c to 708 in onmarket trading, while CSR shed 3c to 288.

Closing quotes Last Industrial Buy Sell sale ACI 286 — 290 AGC 280 281 280 AMI 260 — — ANI 262 265 264 ANZ 472 474 472 APM 276 278 276 AWA 500 510 510 AdelStm 920 — 916 Ad'tiser — 250 — AlliedMl — 280 280 Amatil 544 — 544 Ampol 220 222 220 Ariadne 62 63 63 Arnotts 360 — 360 AFound 170 180 — BHP 706 708 706 BellG — 798 796 BondCorp 178 180 180 Boral 345 347 346 Borg-W 255 265 —

Brambles - 385 385 Bundaberg 197 200 195 BurnsP 500 502 500 CIG 280 285 280 CSR 286 290 288 C’maine 800 802 800 CoalAll — 600 590 Coles 405 — 400 Comalco 185 188 185 Costain 190 195 — Dunlop 235 238 238 Elders 312 315 314 Elders opt — 65 65 Email — 150 150 FAI 1580 1585 1585 Fairfax J 796 798 798 FeltexNZ — 239 — Fletcher — 250 250 GPT 225 230 225 GPT nts 212 220 215 GUD 220 245 — GGotch 295 300 — Hanimex 85 90 — HardieJ 318 320 320 Herald 480 — 485 Hooker 201 202 201 Humes 165 169 169 ICI — 214 212 lELGrwth 105 106 105 IEL Incme 85 90 — Impala 102 105 105 IndEquit 690 700 702 IntrTech 26 27 27 Jennings — 184 — JohnsPry 365 — 365 JonesDav 860 870 870 Jonray 630 640 640 Kern 198 200 200 Kern pf — 200 — Leighton 129 130 130 LLease 660 670 660 MLC 2550 2700 2600 MartinP 165 170 165 MayneNic 300 310 300 McPherson 168 170 168 Monier 184 185 184 MorrisP 720 750 —- Myer 340 342 342 NZFor — 190 190 NZICorp 133 135 135 NZICorp opt 100 — — NatAust 460 462 462 NatCons 260 265 260 NewsCorp 670 680 680 Nicholas 190 195 190 OPSM 275 279 278 Oakbridge 115 116 115 Olims — 70 70 PetersSl 178 180 178 PioneerC 196 198 198 PioneerS 133 135 133 QBE 670 — — Reckitt 375 378 378 Repco 136 138 138 Rothmans 520 526 520 SmithHwd 590 600 590 Stockland 153 155 153 TNT 216 217 216 Taubmans 185 190 185

Tooth 570 576 580 UnionC 280 285 280 Vapocure 520 530 530 Vestcorp — 115 115 Walton 40 41 41 WaughJos 135 150 135 WfieldHl 1040 — 1050 Westpac 442 450 442 Whitelnd 435 445 — Woolworth 325 —- 326 Wormaid 391 MINING 395 392 Aberfoyle 1080 1100 1080 Allstate 22 23 23 Alpha 53 55 — Ashton 115 116 115 AustDevl 17 18 18 BellRes 700 720 720 Bouganvle 185 190 190 CNGold 940 950 940 CRA 538 540 540 Carr Boyd 178 180 180 CMI 280 285 280 ConsRtle — 620 600 Cudgen 290 — 300 ERA 160 163 162 Emperor 400 410 — GMKalg 1170 — 1170 Hill 50 33 34 33 Kidston 584 590 584 MIM 258 260 260 MetalsEx — 48 47 MidEMin 33 35 33 Niugini 292 295 295 NorthBH 250 252 250 NthFlndr 280 — — PancontM 205 208 205 Paringa — 125 — Paringa opt 26 30 — Peko 465 470 465 Placer 2620 2650 2620 Poseidon 450 465 455 QldCoal 163 — 165 RGC 570 590 570 Southland 160 175 175 SthnPac 20 22 20 WMC 388 390 390 WestSand 138 140 138 WhimCrk 310 OILS 315 310 AOD 105 — — AOG 120 125 120 AmpolExp 275 280 275 Beach 100 101 100 Bridge 238 242 240 Claremont 170 172 170 Crusader 250 260 250 Hartogen 225 227 225 L’reach 0 18 25 ■— Magellan 230 — — Magnet 11 12 11 Offshore 16 17 17 OilSerch 34 35 34 Paneon tP 27 28 27 Santos 552 554 554 Vamgas 370 380 375 WeeksAus 85 87 85 WeeksPet 600 650 — Woodside 129 130 130