Economic Outlook

THE passing of the immediate thre of an East-West shooting war ov Cuba and the end of the US Navy’s fo weeks blockade eased international tens! in late November, but world stock marke showed no immediate reaction to t situation.

Sydney Stock Exchange trading has bei slow and uncertain throughout the monl Because a number of blue-chip stoc are down to low levels, some stockbroke have been advising clients to buy in current prices, and market observe predict that a sustained rally may not far away.

Sydney Sales Prices

Oct. 22 Nov. 22 Ball Plantations . . 4/- 4/- Burns Phllp ... 95/- 78/4 Ditto New ... — 78/-J Burns Phllp (SS) . 47/- 47/-1 Cholseul Plntn. . . 200/- 190/-1

C.S.R. Co

54/- 50/6 Dylup Plantations 5/6 5/1 FIJI Industries . . . 12/- 11/6 Hackshall’s ... 14/3 15/3 Kauri Timber . . . 6/3 8 - Kerema Rubber . . 5/- 4/9 Koltakl Rubber . . 12/4 12/6 Lolorua Rubber . . 8/- 7/9 i Makurapau Plntn. . 2/1 2/3 Mariboi Rubber . . 5/2 5/1 Norfolk Is. Whaling . 8V 2 d 8o; Pacific Is. Timbers . 2/6 2/6 j Palgrave 2/4 2/9- Plantation Holdings . 2/10 2/6 Queensland Insurance 115/- 120/- Rubberlands ... 4/6 4/- Sandy Creek ... 8d 8o Sangara 6d llo.

Sogeri Rubber . . . 5/6 5/3 i Sthn. Pac. Insurance 23/3 25/6 i Steamships Trading 11/3 11/3 W. R. Carpenter Hold 31/3 26/6 i Ditto Rights ... — 13/5 Watkins Consolidated 3/9 3/5 i

Oil And Mining Shares

Dec. 4, ’58 Oct. 22 Nov. 23!

Emperor . . b9/b5/3 b5/8 Loloma . . b30/b51/- S53/63 Bulolo G.D. b32/- S54/b51/— N.G.G. Ltd. b2/3 bl/9 b2/- Oil Search . b9/9 b2/10 b3/l Ent. of N.G. slid b4d b5d Pac. I. Mines — bl/2 bl/6 i Ditto Options . — — b3d Papuan Apin. b4/6 b3/b3/6 i Placer Dev. b91/bl97/bl28 A i Timor Oil . n.q. bl/9 Sl/4 :