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This newspaper page contains 13 articles. Subscribers can read the full text of each article.
Newspaper
Canberra Times
Location
Canberra, Australian Capital Territory, Australia
Date
Jul 02, 1964
Page
14
A jumbled OCR page from yesterday’s Sydney exchange shows scattered price listings and names across cars, chemicals, cattle, boats, and stocks. The legible items include Chevron, Herald Melbourne, Union, and Inter Prodsi references amid a dense mix of figures and product tags.
A jumbled OCR fragment lists people, firms, and figures like Lanray Larke Consol, Bayer Sette Sone, Dalton Bros, David Tones, Harris, and Premiere, with stray prices and dates. The chaotic text resembles a compiled register or notice of names and monetary figures rather than a coherent event.
Melbourne authorities announce Eng elhard Industries Pty Ltd of Thomastown will refine gold in Melbourne. With staff transfers to the Royal Australian Mint in Canberra the Melbourne Mint will cease refining from August. Engelhard has long operated in Melbourne and will assume Melbourne Mint functions, while other states’ refiners continue as before.
J Shearer announces a new holding company John Shearer and Sons Holdings Ltd. Existing shareholders will receive three 5 shilling shares in the holding company for every two 5 shilling shares owned. The board forecasts higher profits and proposes a full fourth dividend of 22.4 percent for 1963-64, subject to confirmation.
A Reserve Bank statement issued yesterday shows a sharp weekly increase in short term money market loans to authorised dealers. Loans rose to £175.8m from £150.4m the prior week, a rise of about £25.4m.
Westfield Development Corporation Ltd plans a £2 million shopping centre at Burwood on a large site near Moyne and Strathfield. The project aims to attract over 50 people to the new retail hub with Mark Foys as principal retailer.
W. Mofflin intends to redeem its 80 000 eight percent convertible notes at par. The notes mature on June 3 1967 and conversion into ordinary shares is possible. Shares trade at 5 shillings 2 pence with votes at 4 shillings 9 pence. If redeemed, the dividend will be paid on August 31. Directors say the company has sufficient funds to meet the redemption.
Fifty works by Vasily Kandinsky, noted as father of abstract art, sold at Sotheby’s London auction for a total around £676,000, with many pieces fetching high prices. The event highlighted strong demand for early modern abstracts.
Australian shares listed in London rose with Gold Mines Western Mining at 18 shillings and other names such as Goldfields Australia 174, Great Boulder 9 ½, Mount Charlotte 6 shillings, and Rio Tinto Zinc bearer 32 44. Tin Kamunting 29 6.
Prices at Goulburn for Seattle sale on Tuesday advanced from last week with keen competition for younger restocking stock. About 600 head forward including steers around 500 lb to £51 1s, heifers 340 lb to £41 1s, lighter heifers 230 lb to £32 1s, heavy cows to £50 1s and jade cows to £40 1s.
The NSW Graziers Association leader Mr. B Walker reports a 17 shillings per ton rise in phosphate and a 20 shillings per ton off-season rebate, prompting a push for government action to secure better freight and compensate costs. The move follows a rise announced by Australian Fertilisers Ltd, with expectations of higher prices and freight impacts across NSW.
Australia aims to become the world cable hub by 1966 with a satellite link by 1967 under a Pacific system planned with 15 European countries the U S Canada and Japan. Negotiations cover Cairns Madang and Singapore Hong Kong and Singapore route and a global satellite network following the Telstar model.
A Brisbane based report notes Smorgon Overseas will export about 600 tonnes of beef from Smorgons Melbourne factory to Bulgaria. The piece mentions Queensland connections with Smorgon and hints at repeat orders depending on business results.
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