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Newspaper
Canberra Times
Location
Canberra, Australian Capital Territory, Australia
Date
Aug 12, 1969
Page
7
The market shows slow activity with gold and base metals trading unevenly. Stocks like Uranium and nickel edge higher while several miners and exchanges report modest gains and shifting prices.
A garbled OCR passage references multiple race results, names, places, and brands. It mentions transformations like 135, 4/0, and various proper nouns such as Haunts Hal Ratan, Conner, Renae, and Wolter. The text appears as scattered fragments about events, sales, and people with few clear, coherent facts.
A chaotic OCR fragment from a Sydney mining and oil report mentions price adjustments and dividends. It references the Copper Prices Association of Australasia and a 1969 dividend schedule with a payment date in September. Names and details are garbled. core items are price rise notes and a dividend announcement.
NSW faced growing export demand while coal reserves must be conserved. Minister for Mines Mr Fife spoke in Sydney detailing urgent policy needs, outlining a five year plan to maximize extractable coal, regulate use, and prevent waste in existing mines. He cited millions of tons at risk and the aim to prove practicable methods for efficient, intelligent planning.
Heinz at peak of 1.5 million profits in Australia for 1967-68 reach 1,517,720 with sales up 17 percent. Major processor of canned foods, based in Dandenong, Wisworlds, owned by the Heinz Co of Pittsburgh USA. Managing director Mrs Vi Kellinoy said the results show a satisfactory year amid a highly competitive grocery industry.
The Gaz and Fuel Corporation of Victoria faces its highest interest rate for a loan valued at 6.1 million cash and conversion. The top rate reaches 6.25 percent with a public issue planned for August 1, 12, for 13 or 30 years, surpassing prior highs.
Fragmented notes indicate share options and a London noon price reference at 16 75 with later Movements noted. Mentions 580 boras and 39, 13 as scattered figures, but overall details are unclear.
Zambia moves to seize mineral rights amid a push by President Kaunda and the government to alter section of the constitution and pursue a majority stake in mining ventures. Talks mention U.S. participation and Anglo partnerships as the nation shifts shareholding and referendum requirements in a broad nationalization drive.
The 1960s export demand shifted supplies from home use and domestic demand weakened. Per person intake dropped from over 40 percent to 34 percent by 1967 68 while total consumption rose to 222 000 tons. Lamb rose to 43 2 pounds per person beef about 89 pounds and overall consumption hovered near prior 1956 67 levels. The data come from The Mutton and Lamb Situation August 1969 by the Bureau of Agricultural Estimates.
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