Economic Outl [?]
p. 170 · Read in the full issue
Although Sydney stock staged a minor recovery depressed June state, trading du: was by no means brisk. The 292: of “ordinaries” on July 24 refle confused situation of the market! ago it hovered around 309.
Early announcements of profli by some main Australian comps the year ended June 30 have dt to rally the market. Australii solidated Industries Ltd. (th monopoly) profit dropped by ; In its first downturn for 13 years Hill Pty. Ltd. (the steel giant) i profit fall of £566,659 for its May 31.
Interest now is focussed on the Government’s Budget to be deli Canberra on August 7, and, v vestors see what plums Treasui pulls out of the financial pie, littll is expected in the various capii markets. Commerce and primi secondary industry representativ ferred with Prime Minister Me early July to put forward their what is required for a speedier expansion of production and emu The Budget is expected to co number of concessions to individi industry, but it is unlikely t; meet the over-all demands of bus and primary producers.
Sydney Sales Prices
June 22 , Bali Plantations . . 3/11 Burns Philp ... 102/6 Burns Philp (SS) . 51/- Choiseul Plntn. . . 220/-
C.S.R. Co £56/-/- 1
Dylup Plantations . 5/11 Fiji Industries . . . 17/- Hackshall’s ... 16/- Kauri Timber . . . 8/6 Kerema Rubber . . 5/- Koitaki Rubber . . bl2/9 Lolorua Rubber . . 7/10 Makurapau Plntn. . 3/3 Mariboi Rubber . . 5/1 Norfolk Is. Whaling . 2/- Pacific Is. Timbers . 3/6 Palgrave 3/6 Plantation Holdings . 2/6 Queensland Insurance 132/6 Rubberlands ... 4/9 Sandy Creek ... 1/- Sangara 3/2 Sogeri Rubber . . . 7/6 Sthn. Pac. Insurance 25/- Ditto, New ... 25/- Steamships Trading 12/6 W. R. Carpenter Hold. 33/9 Watkins Consolidated 4/6 * £20 shares now split into £2
Oil And Mining Shares
Dec. 4, ’58 June 22, ’622
Emperor , .
Fiji
b9/b3/- Loloma . . b30/n.q.
Papua-New Guinea,
Bulolo G.D. b32/b55/- N.G.G. Ltd. b2/3 bl/7 Oil Search . b9/9 b2/10 Ent. of N.G. slid s5V 2 d Pac. I. Mines — bl/10 Ditto New . — — Papuan Apln. b4/6 b4/- Placer Dev. b91/bl85/- Timor Oil . n.q. b2/-