Hy ie on 8 er ony hal te wily at rhevs beets von the
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Newspaper
Canberra Times
Location
Canberra, Australian Capital Territory, Australia
Date
Jul 24, 1965
Page
9
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Sydney forecast notes a six percent decline in wool production for 1905-66, with total output seen at 1693.9 million pounds. President L Pearce of the Wool Brokers predicts adverse conditions in New South Wales and Queensland, a drop in dead wool, and lower clip yields due to Bosphic competition.
A fragmented report shows New Zealand forest profits rising about 9 percent in the year, with earnings driven by expanded capacity and exports. The forester chairman A Le Miter notes improved demand in Pacific markets and ongoing development of wood products for Australia.
Ford reports 3217.1 million in quarterly earnings, a substantial year over year rise, with net income near 3.08 billion and shares hitting their highest level in years. The report notes strong demand and optimistic outlook, aided by renewed market momentum and improvements in major divisions.
On the Melbourne market, BHP shares climbed boosting overall sentiment as dealers noted gains across Brisbane and Adelaide stock exchanges. Price movements included steel and mining names with investors eyeing industry recovery, while reported trading volumes remained robust and several firms posted notable gains.
OCR reads stock prices and vendor names with scattered figures from the Sydney Stock Exchange. The fragmentary text includes varied symbols and numbers resembling tickers, prices, and possible company identifiers, but is largely unreadable and nonsensical.
The wool futures page shows a volatile trade with scattered quotes for September and December contracts. Traders note thin activity and inconsistent bids as prices drift slightly, while some months register minor gains amid uncertain demand.
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