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Newspaper
Canberra Times
Location
Canberra, Australian Capital Territory, Australia
Date
Jul 03, 1973
Page
3
The Sydney Stock Exchange opened cautiously as investors largely stood on the sidelines with profit-taking trimming morning gains. Gold and base metal stocks rose gradually, led by Magellan, Pebe, and Bougainville, while Western Mining and Roebourne showed mixed moves amid exploration plans.
A dense OCR of Sydney Exchange figures shows scattered prices and figures across multiple securities and sectors. The snippet includes numerous alphanumeric codes, partial company names, and inconsistent values, suggesting a混乱 page intended to catalog trading data rather than a coherent narrative. No clear lead or event emerges from the readable text.
CSR reports a 19.59 percent sales increase to 676.2 million for year to March 31 1973, with net sales up 7.6 percent to 397.5 million. Group profit grows to 23.3 million amid higher sugar activities and mineral divisions. Takeover of Australian National Alcohol Pry Lod noted at 1.541 million cash. Newman and Gove Alumina cited as top profit contributors ahead of 1973 74 ore shipments rebound in Japan and Europe as currency shifts impact revenue.
Comalco Ltd will pay 6.5 million dollars for four RTZ Pillar Pacific companies including Pillar Naco Pt Ltd and Indalex Pry Ltd. The purchase broadens Comalco Fasteners product lines in residential windows and architectural fabrication. Final audit may adjust the price.
The Civic Co operative Permanent Building Society Ltd reported record figures for the year ending with loans approved totaling 13.6 million for 656 dwellings, up from 84 million for 602 dwellings the prior year. New lending surged due to 93.6 million in Commonwealth Government advances and 11.3 million from other sources. Savings accounts rose to over 9,400 new openings, with balances at 16.2 million, vs 6.3 million previously.
Smith Howard Smith Ltd sold its head office at 269 G Street Sydney for cash considered at about $3 million. The four storey building, originally cost, now valued high in the books, shows a favorable net profit of around $29 million since acquisition in 1934. The spokesman declined to confirm redevelopment plans, though the site is regarded as prime real estate.
Ice of Erae and Mogax Bown show sharp gains as price quotes rise from 8.16 to 147.08 in a volatile session. Traders monitor Momentum and volume as markets reflect rapid shift in demand and supply dynamics.
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