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Canberra Times in Canberra, Australian Capital Territory

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This newspaper page contains 9 articles. Subscribers can read the full text of each article.

Newspaper

Canberra Times

Location

Canberra, Australian Capital Territory, Australia

Date

Jul 17, 1970

Page

4

Market dull trading ends in muted gains and losses

The market showed dull turnover with scattered gains and losses across futures and mining shares. Major miners and industrials fluctuated as investors weighed a mixed batch of results and corporate moves, while Melbourne nickel and Western Australian listings steadied after late-day tremors.

Metramar Ater Oading Inverguie Tenvur Sydney Tradieys Siam Apain Sistena Rome

London wool price doubt amid auction system debates

A London market report notes wool prices dipping to 554.18 amid debate over a suggested price mechanism. Sources from Australia and New Zealand discuss potential state interventions and the viability of a price floor while brokers warn of market disruption.

London Wmuceeet New Zealand Ite Conumer Autalian Japan Sunutory Australia Neopet Faneen

Sydney Iron Works Opens New Plant in 4th Quarter

Sydney Iron Works announces a new plant opening in the fourth quarter with expanded production capacity and local job growth. The company plans to invest in facilities and equipment to meet rising demand.

Oil Prices Rise Amid Market Tightness

Prices show modest gains as oil markets remain tight with limited supply. Traders note higher costs for gasoline and heating fuels, while producers monitor demand shifts and geopolitical tensions influencing futures.

Overseas Trade Bill Sparks Concern in US Congress

In Washington the Ways and Means Committee tentatively backed a wide ranging Trade Act advancing toward a formal House vote by July 29. The bill aims to extend White House protections for manufacturing and textiles, with a mechanism to preserve the administration’s authority to shield domestic producers from import competition.

Washington Congress SIS Jon Fie White House Uupta LIS

Mining and economic notes span from Sydney to Tokyo

A chaotic clipping reports overseas inquiries into tamalie ore mining and framing dinydore, while Sydney figures show investors weighing rare metals like tantalite and goldrim. Trade and policy notes from Tokyo to Paris flag cautious recovery, with currency and credit concerns shaping markets.

Goldrim Mining Austrasia Dinydore Ibe Leon

Australian wool export prices fall sharply in year to May

A Statistics Bureau study shows Australian wool export prices dropped 15.3 percent in the year ending May, easing from 98 to 89 on the price index on a weight basis. Over four weeks ending May, the index fell 24 percent, while averages across nine categories remained steady from April to May despite the yearly decline.

Statistics Bureau Avi Milreau

Bluff Smelter Plans to Expand Wellington Output

New Zealand reports indicate the Bluff aluminum smelter at Bluff will increase production to support Wellington and other markets. Officials say the expansion will boost local jobs and strengthen regional supply chains amid ongoing industrial growth.

Wellington New Zealand Blut

Alcan New Zealand plans large public issue in coming year

Alcan New Zealand Ltd announces a substantial public share issue to New Zealand investors in the final quarter of this calendar year. The move aims to raise capital for a major expansion including new rolling mill capacity at Auckland and a Tot mill to serve the cable and domestic markets. Details on the percentage and pricing were not yet finalised.

Auckland LAAP Alcan New Zealand Ltd Jet Alcan Aluminium Ltd Yof Canasta New Zealand Rew Zegliml Company AL Ih Swift New “Zealand Raton Wirian Hall Pity Nzas Jamichors Ea Sonseruch Ajants Shawn Denke simMet Sand Inslavsment Ek Andl Strgiornit Hemi Hawhiy Ile Three Averse Eal Pompom Dtc Ihe

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