Road carriers raise rates in bid changes
Sydney based Max Wurcker Holdings faces successive revised offers for its shares from Oza Paper Ltd and William Nash. Directors flip between cash and mixed terms as prices shift from 37/6 to 41/ per share, with a cash alternative still undecided. Meanwhile, intra state road carriage costs rise by up to 74 percent, affecting general goods and parcels as transport costs surge across Queensland and New South Wales.
MENTIONED IN THIS ARTICLE
Ma Wurcker
Max Warcker
William Nash
Oxapuay
Max Wureker
William Wash
Mdt
Sydney
Web Association
Asociation
J. G. Bentin
Share index and industry costs cited at carriers meeting
Share index discussion notes rising costs from wage increases and basic materials in steel and electrical sectors. Mr Beacham cites higher premiums for work increases after an industry insurance decision. Carriers' Association meeting concludes August 1 as rate changes loom.
MENTIONED IN THIS ARTICLE
Beacham
Sason
A.U.P
South Wales
London zinc price cut by producers in move to ease costs
London firms Imperial Smelting Co and others cut zinc prices on new sales in Britain and Australia. The action, affecting a base price of 125 pounds per ton, follows high market levels on the London Metal Exchange, as producers fear stock buildup and delayed demand could push prices higher.
MENTIONED IN THIS ARTICLE
London
Australia
Broken Hill
North
Imperial Smelting Car l
Sorution Ltd
London Meta
London Metal Exchange Exchange
Exhaus
Moteliers Ltd reports higher profit and stable outlook
Moteliers Ltd, a leading motel group, reports profit for the year ended June of £42,399, up from £24,456 last year, aided by lower tax and capital raised. Directors expect continued tax benefits from a subsidiary and a higher earning rate on increased capital employed. They plan a final dividend of 5% on October 15.
MENTIONED IN THIS ARTICLE
Share Moteliers Ltd
Moiteliers Ltd
Prudential forms investment advisory board in Australia
The directors of Prudential Assurance Co announce creation of an Australian investment advisory board to boost autonomy. Members include Sir Kenneth Coles, Mr A Marshall, and three Prudential executives: Mr C. Canfield, Mr L. W. Offord, and Mr P. H. Hammon.
MENTIONED IN THIS ARTICLE
Prudential Assurance Co
Ane Investment Advisory Board
Pru
Kenneth Coles
A . Marshall
Prudential
C. Canfield
Pro
Australia
New Zealand
L. W. Offord
N.Z
P. H. Hammon
Adelaide Stock Exchange Ends Mixed With Oil Declines
Adelaide shares slip as some oils weaken on the Stock Exchange while Ampol and AOG show small gains. Trading features widespread activity with notable moves in Santos, Santos 30/6, and regional miners as barriers and oils vary in price.
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Lenden
Pru. Forms Investment Board
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