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This newspaper page contains 5 articles. Subscribers can read the full text of each article.
Newspaper
Canberra Times
Location
Canberra, Australian Capital Territory, Australia
Date
Aug 07, 1970
Page
4
Turnover stayed low while leaders including nickel giants retreated for the week. Prices for Meekatharra and Leiroy moved lower, Sarnia rose amid scattered gains, and traders watched BHP line after a cautious session. Retail stocks showed strength, with Brothers and Wack delivering notable gains.
A fragmented report shows Sydney stock market activity with base metals and oil indices moving. The text records price levels and trading activity across sectors and mentions several tickers, exchanges, and numeric figures, reflecting a busy but unclear market page.
A leading Sydney broker Ruidd MacDonald and Co with Kodak Australasia devised a microfilm system to speed and increase accuracy of share transaction data. The setup records transfers and stamps, indexing by numbers for quick retrieval, with a high speed reader enabling printouts within minutes.
The Australian New Zealand and South African Wool Boards met in Sydney to discuss broad issues affecting the wool industry including marketing shipping and pricing developments. Chairs Sir William Gurin Sir John Acland and Mr GJ Houbert said the exchange widened cooperation and reinforced the new Wool Marketing Corporation while reaffirming support for the existing auction system and price discovery.
London reports indicate a family company will assume a larger share of financing for The Times amid past losses and market rumors. The move follows speculation of ownership changes and financial restructuring at the beleaguered newspaper.
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