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Newspaper
Canberra Times
Location
Canberra, Australian Capital Territory, Australia
Date
Jan 26, 1973
Page
2
A cautious session saw Se gold and energy shares rise while banking and industrial sectors slipped. Widespread declines in mining and heavy industry amid mixed earnings dampened sentiment, with several large names trading lower compared with Wednesday.
The report notes Sydney stock prices ending higher by 8.2 to 478.2 after gains, while London and Wall Street show declines. London up by a modest amount after four days down, and Wall Street slipping to around 1004.59 as markets react to the week’s shifts.
Fragmented OCR style notes show stock indices and share prices with scattered numbers and ticker fragments. The readable parts indicate trading activity and values such as price figures and symbols, but the text is largely garbled with no coherent narrative or clear entities beyond generic market terms.
Washington reports the United States posted its worst ever trade deficit for 1972 with imports reaching 335.595 billion dollars and a deficit of 39.439 billion. The shortfall exceeded 1971 by about 2.014 trillion, driven by a 22 percent rise in imports. Japan registered the largest deficit, while gold valuation and dollar decline influenced the figures amid global economic shifts. A separate note on New York stock market shows the Dow Jones Industrial Average dipping sharply before a brief recovery.
The International Wool Trade Organization reported wool prices remain elevated, with European end users noting Australian wool between 30% and 40% above reasonable levels. Chair Herbert Waldthausen suggested a fair price around 25.06 per kilogram for average quality, while producers warned current levels are pushing buyers toward alternatives.
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