Economic Outlook
p. 160 · Read in the full issue
After the jolt of an end-of-year slui; Sydney Stock Exchange re-opened j January 3, 1961, on a subdued note, trading during the first week or so shov a firm tendency. 1960’s lowest “ordinarii index of 267.7 (Nov. 16) had moved i ward to 284.06 by January 11. Co mentators expect a slow, steady recove Australia’s trade deficit for the I months to December 31 hit £143.4 milli and the Federal Government is about commit itself to some revolution) proposals, including “tax incentives”, increase export earnings by £lOO milli Exporters will need the help—they finding it increasingly difficult to ( through the shackles of tighter cre< higher taxes and interest rates, and ris: wages.
Overall, though, Australia’s econoi growth in 1961, with increasing populate and expanding secondary industries, shoi continue.
Sydney Sales Prices
Ball Plantations . .
Dec. 6, ’60 13/9 Jan. 9, 13/ Burns Philp ... 88/- 85/ Burns Philp (SS) . . 60/- 60/
C.S.R
£ 70/7/6 £75 1 10/ Dylup Plantations . 11/9 Fiji Industries . . . 13/3 13/ Hackshall's ... 14/3 12/ Kauri Timber . 19/9 10/3 19/ Kerema Rubber . . . 9/ Koitaki 18/- 10/- 20/ Lolorua ii/; Mariboi 9/6 9/ Norfolk Is. Whaling . 4/1 6/1 Ditto Notes (5/-) .. 6/- 7/i Pacific Is. Timbers . 6/- 6/ Plantation Holdings . 5/9 5/( Queensland Insurance 90/- 92/ Rubberlands ... 5/8 6/ Sthn. Pac. Insurance bl8/- 19/1 Steamships Trading . 48/- 45/j W. R. Carpenter Hold. 25/- 25/1 Timor Oil 4/- 4/l(
Oil And Mining Shares
Fiji
July 0. ’58 Dec. 6, ’60 Jan. 9,1 Emperor . . b5/0 s5/b4/-l Loloma ... — b40/b40/j
Papua-New
Bulolo . . . b35/-
Guinea
b49/6 b49/< N.G.G. Ltd bl/01/fc bl/6
bl/ll
Oil Search . b2/6 b5/3 b2/a Ent. of N.O. b7d b2V 2 d
b3d J
Pac. I. Mines — bllO/b95/l Papuan Apln. b0d b2/6 b2/| do. opt. . b6Vad b4Vad
b3dj
Placer Dev b86/6 bl20/bll7i Sandy Creek b4d blVad s4d I