Economic Outlook
pp. 164-165 · Read in the full issue
THOUGH London and New Yon prices have fallen, the Av stock market in early MI again creeping up to the all-time last February, when index of ok touched 332.23. On May 4 it wae (compared with 243.8 a year ago) Market observers say the spun current takeover boom. That anr wool income, good general trading and dividends, and a fully-emploo growing population.
Latest takeover, in May—and t staggered the imagination of the ; public—was the Sydney realty fln J. Hooker’s deal with Melbourne aire William L Buckland. Hooke acquired a 7,000,000-acre sheep at cattle empire in Northern Austr; £1,000.000 in cash and options up 8,000,000 5/- shares in the HooW in 1967-68. The vendor’s total the deal is around £5,600,000, s options have been calculated at Buckland started as a bank clen a garage at 18, and by tremendoJ and perseverance built up a i
citations and car-parts warehouses, ee bought up pastoral properties, Sir Sidney Kidman’s Victoria rowns in NT. o other deals recently, Hooker’s gght for development Sydney land uimiliar to Islands visitors —Angel jildings and the Royal Exchange, it.
3Sydney Sales Prices
Apr. 5. *60 May 9 chllp ... 95/6 97/6 ullp (SS) . . 64/- 64/6 £78 £81/17/6 llantatlons 40/6 36/- Us 55/- 55/6 imber ... 20/9 21/9 Rubber . . . 10/9 11/3 28/6 28/9 12/9 13/1 9/9 10/6 Is Whaling 7/- 7/4 i n Holdings . 9/- 9/9 :nd Insurance 94/- 96/mds ... 7/- 7/5 ,ic. Insurance no sales 28/- 5.S 24/- 25/ips Trading . 59/- 58/irpenter Hold. 27/- 27/6 U1 4/6 4/2
Il And Mining Shares
Fiji
July 9, ’58 Apr. 5. ’60 May 9 , b5/9 b4/10 b5/6 — b40/b42/ ■
Papda-New
Guinea
. . b35/b36/b38/- >jtd. bl/9% b2/5 b2/7Va •ch b2/6 b5/b4/7 W.Q. b7d sSVad sSVa ines — b!62/6 b200/- >pln bOd b3/8 b3/8 i. . beVad blld bl/- ■lev. b86/6 b!02/6 bl05/reek b4d b2d b2d