Economic Outloo[?]
p. 156 · Read in the full issue
AFTER being becalmed for alma month. Sydney Stock Exch showed signs of upward movement the index of “ordinaries” swung ovei 300 mark early in November. It at 301.74 on November 7.
Australia’s October trade surpluu £27.7 million continued the encourr trend of the past three months, thougl: Government’s critics were not slot point out that this is partly the i of unexpected wheat shipments, allie an abnormally low level of imports.
With credit restrictions off and bank lending, business generally is c ing along—awaiting the outcome of Federal elections on December 9. Me appears confident that the Liberal-Coi Party coalition Government, which held office for a record 12 years, be returned. Political observers an dined to agree, though they predi loss of anything up to 10 seats —the million young people and New Austra voting for the first time are an predictable factor.
Sydney Sales Prices
Oct. 9, ’61 Nov.
Bali Plantations . . 9/3 Burns Philp ... 91/3 S' Burns Philp (SS) . . 49/- 41 Choiseul Plntn. . . . bl45/- 19!
C.S.R. Co
£63/10/- £61 Dylup Plantations . 7/9 Fiji Industries . . . 15/- 1J Hackshall’s ... 14/6 1J Kauri Timber ... 12/3 1.
Kerema Rubber . . . 6/- Koitaki Rubber . . . 16/6 1'.
Lolorua Rubber . . . 8/9 Makurapau Plntn. 2/9 Mariboi Rubber . . . 8/- Norfolk Is. Whaling , 2/6 Pacific Is. Timbers . 5/3 Palgrave 4/2 Plantation Holdings . 3/5 Queensland Insurance 120/-
Ioc
Rubberlands ... 5/9 Sangara 2/8 Sogeri Rubber . . . 8/3 Sthn. Pac. Insurance 29/6 3E Steamships Trading . 41/9 4f W. R. Carpenter Hold. 33/- 3 Watkins Consolidated 5/8 Timor Oil 5/7
Oil And Mining Shares
Fiji
Dec. 4, ’58 Oct. 9, ’61 Nov..
Emperor . . b9/b2/10 be Loloma . b30/b42/6 b:
Papua-New Guinea
Bulolo G.D. b32/b52/6 be N.G.G. Ltd. b2/3 bl/9 be Oil Search . b9/9 b2/l be Oriomo Exp. — b2d be Ent. of N.G. slid s4d br Pac. I. Mines — b90/bit Papuan Apin. b4/6 b2/6 b;c Placer Dev. b91/bl92/6 b:<