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Newspaper
Canberra Times
Location
Canberra, Australian Capital Territory, Australia
Date
Jan 12, 1973
Page
2
The Sydney and Melbourne stock markets advanced with broad gains as copper and mining stocks led the rally. CRA, Mt Lyell, Western Mining, Peko Wallsend, and BHP rose amid firmer copper prices and positive trading sentiment following the Labor Party victory.
In a dense OCR of a historical paper, listings span industrial brands, stock names, and company references from Adel to West Coast. The fragmented items include Ampol, Dunlop, BHP, and Capel Inv among others, with scattered figures and partial place names.
A jumbled OCR list names numerous mining and oil firms and places such as Sydney Mining, Mogul & Moy, Lyell, Northland, Par Min, Peko, Tasman, and Transat along with unidentified codes. The text reads like a catalog of firms, mine sites, and stock references with scattered numbers and partial references, lacking cohesive narrative or clear events.
The chairman Mr D C Van Winkle states that Primal Chemicals Pty Ltd will change its company name to Hats Australia Pty Ltd. The announcement outlines the upcoming branding shift and the new legal entity.
Tokyo reports government push to diversify wool imports and curb surging yarn prices. Ministries urge new mills to secure raw-wool shipments from New Zealand and Argentina to ease dependence on Australia which supplies about 61 percent of Japan's needs.
Margarine producers say the national quota of 1 072 tons will be produced and sold by end of May. The Australian Margarine Manufacturers Association headed by B Dawson predicts the cartel will urge the Australian Agricultural Council to fix the quota when it meets in Canberra in January. Dawson cites rising demand and shop stockouts as proof of shortages and warns the situation will worsen.
Demand remained firm in Sydney Adelaide and Portland sales with high levels held from Tuesday to Wednesday. About 714 bales of wool were offered, mostly merino, and the more stylish wools were eagerly bought. Japan led demand, especially for fleece wool, followed by the Common Market and Eastern Europe markets.
Lord Inchcape, head of Inchcape Shipping, was yesterday unanimously elected chairman of the P and O group. The chairmanship will be non executive. Acting chairman A A Marshall will remain managing director and chief executive of the P and O group.
Fragmentary OCR text shows scattered words about a month, calls, options, names, and numbers. No coherent event or identifiable entities emerge beyond generic terms and partial phrases. Unable to determine a concrete news item or subject from the readable fragments.
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