Mining stocks fall on Sydney and Melbourne exchanges
Stocks drifted lower after a weak day on the Sydney Stock Exchange with Nickel shares dropping sharply. In Melbourne Werfern Mining sold a 3 Jowa at 48-80 and 21 at 50, while Hampton Galt cut to 14-80 and North Kalgoorlie closed around 4. Roulder in WA fell to 7 with rights at 4. The industrials market overall remained fairly steady amid mixed moves across sectors. London prices quoted later show BHP at 19.42 and related listings.
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Sydney Stock Exchange
Nickelshares
Melbourne
Werfernm Mining
Hampton Galt
WMC
North Kalgiri
Roulder
Industres
Shares Rise as Drug Firms Draw Buoyant Options Demand
Traders in early trading focus on drug house equities with notable option activity. Brokers report rising interest for calls amid mixed market signals as investors seek leverage on pharmaceutical names and related energy plays.
Unttons Ltd Profit Decline Amid Australian Turnover Shift
Unttons Ltd shows a drop in profit from 900 990 to 632 282 with turnover in a key year. Directors report steady dividend history prior to 1966 47 and note a shift in earnings tied to Australian market conditions. The item references canned meat and allied goods as core products.
McEwen's overseas trips signal ongoing trade push
Economics writer Peter Long details Mr McEwen's recurring abroad trips to brief UNCTAD talks in New Delhi and Tokyo, aiming to influence Australia Japan trade talks. He reviews dairy and meat export issues, quotas, and potential shifts in tariff policy under GATT, noting McEwen seeks a new international trade framework while managing domestic protectionist pressures.
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Deo Hove
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Auktraki
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Reserve Bank releases 40 million for term loans
The Reserve Bank announces a 40 million pound term loan program, aimed at supporting major trading and agricultural sectors. The fund allocation, totaling about 3 percent of reserves, will bolster capital expenditure and lending facilities across banks, with varied deployment expected by February.
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Reserve Bank
Nels Australia
Ain
Soruntey
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