Economic Outtoo.
p. 164 · Read in the full issue
TTOWEVER apprehensively Mr. Av -*■ Man views such indications a: current decline in wool pric< around 50d (58d last year), a £lO4 rr import bill in August (highest since and an expected drop of close tol million in Australia’s international serves, the Sydney Stock Market doe share his anxieties.
Its assessment of the present situ was another boom peak on Septemh when the ordinaries index rose to : on September 13 (it was pushing 1 year ago).
On ’Change, it has been a mon take-over bids (Woolworths have o to buy out Mcllrath’s grocery chain, counter to Coles’ recent purchas Mathew Thompson’s 200-odd food si and the conservative department Parmer’s, has bid for Western S richest country store chain in * There have also been good profits showed £2.3 million profit and h dozen other industrial leaders anno record results), and bonus share (notably BHP, with l-for-2).
Investors, generally, are riding with no thought of a September sai answer to the critics, they point t* undeniable fact that there is certain slackening in industry’s expansion pis
Sydney Sales Prices
Aug. 8, ’60 Se Ball Plantations . . 14/6 16 Burns Philp ... 96/6 94 Burns Philp (SS) . . 64/- 62
C.S R
£83 £81 Dylup Plantations . 12/6 12 Fiji Industries . . . 18/- 16 Hackshalls 16/- 16 Kauri Timber ... 22/- 21 Kerema Rubber . . . 11/- 10 Koitaki 30/- 36 Lolorua 12/- 11 Mariboi 10/9 11 Norfolk Is. Whaling . 7/7 e Pacific Is. Timbers . 8/- T Plantation Holdings . 9/6 n i ditto. Rights . . . t Queensland Insurance 97/- 94 Rubberlands ... 7/6 7 Sthn. Pac. Insurance 25/9 21 ditto, New ... 23/- 22 Steamships Trading . 55/3 51 ditto, New ... 5£ W. R. Carpenter Hold. 30/9 25 Timor Oil 4/6 4
Oil And Mining Shares
Fiji
July 0. ’58 Aug. 8. ’60 Sej; Emperor . . b5/0 b3/9 b‘< Loloma ... — S43/9 s4^
Papua-New
Guinea
Bulolo . . . b35/b41/b‘( N.G.G. Ltd. bl/0Va b2/3 b2.
Oil Search . b2/6 b5/b4( Ent. of N.G. b7d b4d b!
Pac. I. Mines —■ s!20/sll Papuan Apin. bBd b3/10 bL do. opt. . bGVad bSVad b'c Placer Dev. b86/6 bll5/b.( Sandy Creek b4d b3d bit