Economic Outlook
p. 156 · Read in the full issue
IN keeping with the “stay-put” E laid before the House last momi Treasurer Harold Holt, the stock m during the past four weeks has beeH and inactive. Index of ordinaries! tinued to hover around the 300 (300.04 on September 8), somewhat ferent from the all-time peak of in September last year.
The Budget itself, criticised as “o and uninspiring”, increased pension!) reduced sales tax on some items.i provided for a record £2,000 rr expediture. Holt said he was budj for a £16,471,000 deficit, compared] a surplus of £15,791,000 achieved last) The only flurry during the month o stock market was caused by a tak: of the old established interstate shj firm, Huddart Parker Ltd., by Bii and Oil Refineries (Aust.) Ltd. finance house, Commercial and G!
Acceptance Ltd. (in which W. R. Car]have a large shareholding, though ni major one—that is held by the mercial Banking Co. of Sydney) mr £4 j /2 million offer, but were pipp< the post by a bigger cash and deal worth £5.6 million at current ia prices.
Sydney Sales Prices
Aug. 8, ’61 Sept) Ball Plantations . . 10/- Burns Philp ... 90/6 Burns Philp (SS) . . 50/- Choiseul Plntn. . . . 161/- 1'J
C.S.R
£68/15/- £: Dylup Plantations . 7/8 Fiji Industries . . . 13/9 Hackshall’s ... 12/6 Kauri Timber ... 14/9 Kerema Rubber . . . 6/3 Koitaki Rubber . . . 15/- Lolorua . . 8/- Makurapau Plntn. 3/6 Mariboi Rubber . . . 7/9 Norfolk Is. Whaling . 2/3 Pacific Is. Timbers . 5/3 Palgrave 4/- Plantation Holdings . 3/6 Queensland Insurance 96/- Rubberlands ... 6/- Sangara 2/7 Sthn. Pac. Insurance 27/6 Steamships Trading . 40/- W. R. Carpenter Hold. 30/41/2 Watkins Consolidated 6/- Timor Oil 7/-
Oil And Mining Shares
July 9. ’58 Aug. 8, ’61 Sept) Emperor . . b5/9 b3/- Loloma . . — s44/- Bulolo . . . b35/b55/6 N.G.G. Ltd. bl/9Va bl/9 Oil Search . b2/6 b2/l Oriorao Oil . — b2d Ent. of N.G. b7d b2 l / 2 d Pac. I. Mines — b87/6 Papuan Apln. b9d b3 /3 Placer Dev. b86/6 bl80/-