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Newspaper
Canberra Times
Location
Canberra, Australian Capital Territory, Australia
Date
Dec 31, 1966
Page
6
Australia heads into 1967 with brighter export prospects, said F G May president of the Associated Chambers of Commerce. He asserted improvement in export income and outlook for the new year, reflecting growing demand and policy support.
Yardley shares rose early in the New Year as traders weighed drought relief, demand for wheat, and the outlook for global prices. Analysts predicted gains would hinge on world market movements and potential industry developments, including a possible bid in the British tobacco sector. Market sentiment cited Yardley’s resilience and the stock’s strength amid the Australian sale.
Figures released by the Commonwealth Statistician Mr Archer show November sales at 380,??? million, the highest for the month since December of the previous year, with savings deposits rising to 25.946 million in November and totals at 5.4 billion, up from October and prior November levels.
London reports the British Iron and Steel Federation says steel-built goods in Britain will cost more next year due to higher eel production costs. The journal Steel Review notes an estimated four percent rise in March, reflecting increased material costs.
Melbourne report states royalties from gas and oil fields off the south Gippsland coast could total about 175 million dollars over the next twenty years. Premier Sir Henry Bolte comments on potential revenue and policy implications for the state.
AAP dispatch reports ongoing talks over a planned car plant shutdown with Victoria seeking extra royalties and the Commonwealth promising up to 50 million dollars. BHP and officials remain silent on finalized terms as negotiations continue with Victoria scheduled for further discussions next week.
Broken Hill Pro shares surged yesterday as investors chased the market. BHP closed at 64, barely noted as the year’s peak with limited gains elsewhere. Oil stocks lagged with no standout moves while other miners posted modest shifts in early trading.
A clipped OCR snippet hints at a Sydney event but lacks clarity. Names, dates, and specifics are unreadable, yielding only a vague reference to activities in a city context without verifiable entities or outcomes.
A garbled OCR fragment mentions stock exchange terms and entities, but readable details are insufficient to identify a person, organization, date, or location. The readable text signals a financial context without a clear event or action to summarize.
The market closes optimistic as BHP rises 16 cents to a year peak of 56-56 while Trane shows firmness. Trading remains below normal with small moves. Cranvel advances on news of Connor Shea Holdings takeover offer acceptance. BER Inc Gusties Ltd divests stake to fund UK development. Other shares gain on reports and interim results.
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