Poseidon Dives as Speculative Stocks Slump On Mining News
Poseidon shares plunged to a new 970 low after tumbling about 38 points to 50, while Great Boulder North Kalguri and Westralian Nickel also fell on profit-taking and weak mining reports. Uranium and antimony issues held steadier amid broad market weakness with several new listings debuting and Havensthorpe closing higher on buy interest.
MENTIONED IN THIS ARTICLE
Sydney Stoc Exchange
Meekatharra
Stock Exchange
Meckatharra
Poseidon
Hea
MAL
Theseus
Witralian Nickel
IMC
Matic
Westralian Nickel
Pal
Great Boulder
Melbourne Ste Exchange
Boulder
North Kalguri
Pers
Scotia
Ace
Ie Narndee
Western Australia
Mickels Ancl International Mining
Jemsen
Mining and Associated
Mt Clifford
Peerless
West Coast
West Coast Me
Semin
Havensthorpe
Ile
Siberia Nickel
King Mountain Mining
King Mountain Ile
Siberia
Weamity
Jing Wa
House panel approves Penn Central loan guarantee
The House Commerce Committee approved a bill to provide Penn Central Railroad a 125 million dollar loan guarantee to keep the bankrupt line operating through March 31 next year. Chairman Harley Staggers said full House action remained uncertain.
MENTIONED IN THIS ARTICLE
Washington
AAP
Reuter
House Commerce Committee
Penn Central Railroad
West Wir
Congress
Meekatharra
Staggers
Nth
West Ol
Itera
AA Oil mulls hive off coal firm and mining venture
At the AA Oil annual meeting in Melbourne, chairman Eric Avery said Associated Coal could be separated, ready to go but subject to a decision on a public listing. A mining entity Minad may be floated to handle mineral exploration around Queensland. Shareholders may vote on investing in mining and fuel ventures as the group contemplates a dividend next year.
MENTIONED IN THIS ARTICLE
Associated Australian Oil Group
Associated Coal
Eric Avery
AA Oil
Melbourne
Ina
Queensland
Ithout
Avery
Associated Group
Housing levels steady as Australia starts December quarter
Housing commencements in Australia for the December quarter are expected to stay near the 35 000 level reached in September, per the Commonwealth Department of Housing. The Housing Quarterly notes an end to the downturn in commencements since December 1969, with July to September seeing rising loan approvals and generally steady demand amid higher employment and rising materials costs.
MENTIONED IN THIS ARTICLE
Australia
Commonwealth Department of Housing
Royal Bank expands to Australia with 25 percent stake
Royal Bank of Canada reveals it has extended international reach by acquiring a substantial 630,000 share stake about 25 percent in Investment and Merchant Finance Corporation Ltd of Australia. Chairman W Earle McLaughlin calls the move a chance to participate in Australia’s dynamic growth and development with over 1,000 Australian shareholders.
MENTIONED IN THIS ARTICLE
Montreal
Royal Bank of Canada
Australia
Investment and Merchant Finance Corporation Ltd
W. Earle McLaughlin
The
Royal Bank
National Bank of Detroit
McLaughlin
WA gold subsidy request faces Cabinet rejection
Federal Cabinet rejects Western Australia’s bid to lift the gold subsidy from eight to twelve pounds. Treasurer Bury will study new data presented by WA Chamber of Mines president L Beodie Hall. WA aims for a mid January decision, after October’s submission backed by Premier Sir David Brand. The cabinet has not agreed to the raised subsidy.
MENTIONED IN THIS ARTICLE
Western Australia
Bury
WA Chamber of Mines
L. Beodie-Hall
Siz
David Brand
Brodie-Hall
Wool export price index falls in October
The October export price index dropped 4.8 percent from a year earlier, per figures from the Statistics Bureau. All groups index fell 1 point to 76, with textiles and cereals up slightly and meat and wool indices mixed. metals and fats indices also moved lower.
MENTIONED IN THIS ARTICLE
Statistics Bureau
Pal
New Fleet of Ships Planned Announces Refrigerated Cargo Fleet
An official announcement from Federal Steam, a long time member of the Pan Shipping Company, outlines plans for a new fleet of ships designed to transport perishable cargoes. The move, reported from London, highlights refrigerated vessels destined for connections with New Zealand and Australia.
MENTIONED IN THIS ARTICLE
London
Reuter
Federal
Calli
Federal Steam
Im Associa Eber
Whead
Gatton
Pan Shipping Conmpany
New Zealand
Australia
Also Mentioned on This Page
Queenssand Mines
Nickelore NL
King Mountain Mining NL
Mount Hope Minerals NL
Transcontinental Min- Corp Ltd
Sirus and Investment Ltd
Jeaden
BHP
ALL Ord
Nary S
Gbs
Wall Street
Dow Jane
Financial Times
Sydney Stock Exchange
Svelig
Eng
Moore
Horton Gom
Ie Radmane Lal
Ree
IV Kiel BT
Kanter Soc Kaemaal
Mranca Dy Fa Wit
Lnc Ind
Mabivenmu Sde
Toy
Beyer
Seer
Sco
Aria
Sempre Migs Sc
Ana Tec Soc
Petersriie Abe
Petrochem
Priips
Townson
Ay Ak
Vulcan
Walden
Walker
Warren
Waters
Libertanes
Winela Bee
Pieehelg
Wilke Soc
Mears
Beaman
Lee ET LT
Wreward
Jaye
Yarna
Boy
Tore Oe Taco Jr
Seltay_ Share
Rusager
Rani
Bae
Ping
BOC Rial
Quroiing
Vibes
Anf
Wey OS
Ieee m
Inet
Mat
Bey
Pte Biennes
Aia
Thorpe
Apt
Geal
Sacies
Asa Ander
LL. Io
Jenny
Soman
Angie
Carr-Bord
Cleveland
Cultus
Dominion Auburvan
Y . Eatimet
Nickeifelds
Iim iGiee
Bess Con Glagas
Gelrim
Stae
Nike Ize
Senate
Canwest
Corelle
NSW
Merce
Ommitte
Henn Shae
Nobakes
Peerem
Dominion
Lake View
Itesavere
Mera Station
Sigs
Penn Central
Wits
Mingy
Wary
Lae Ees Te
Sydney Mining and Oil Mining
Fiesko
Shaw River
Eslander
Sipe Wis Silver
Aberfayle Spyrnoy
Sielier
Sonn
Penn
Harley Stag
AAO
Minad
Mr Avery
Canadian Bank
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