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Newspaper
Canberra Times
Location
Canberra, Australian Capital Territory, Australia
Date
Jun 01, 1973
Page
6
Trading session sees BHP shares jump and a broad oil sector lift with Ample Ey and related producers advancing. The market closes slightly lower on thin volume as European price levels fade and several stocks retreat from earlier highs, while several miners and energy names hold gains.
Unclear readable text from stock exchange page shows fragmented symbols and prices. The readable portions reference prices and tickers but lack coherent data for precise figures or entities.
Fragmentary text shows scattered references to Melbourne sales and mining topics, with many garbled words and unclear entities. Key nouns like Melbourne and Sydney appear among fragmented phrases, but no coherent events, dates, or figures emerge to form a clear summary.
The Shell Group of companies in Australia reported a net profit of 224 million dollars for the year ending December 41, announced in Melbourne. Chairman Leslie Froggatt cited lower profits due to tax adjustments and higher exploration costs, noting reduced earnings from alloy, base metals, and chemical divisions. The report highlights shareholder rewards plans and ongoing growth investments, with 1972 post-tax profit around 1495 million in the local figures.
The Savings Bank reports April deposits at a record 59 737 million with withdrawals rising during the Easter season. Housing advances outstanding increased, loans to local government and communities grew to 27 million, and investments rose to 83735 million amid higher withdrawals and spending.
An official warns that changes carry high costs as government policy influences business. Bengtie vf Finance Conran Ltd chair EW Paliner cites expectations of slower growth, higher wages, longer hours, and rising costs from new terms impacting investors and trading. The note emphasizes government responsibility in shaping economic conditions.
A fragmented report from Homebush notes generally good sales for sheep at Sessere days with prices easing slightly for heavy furs and similar firmer trends for lighter weights. Buyers showed cautious demand with fluctuating quotes and a few entries marked by firmer clears amid overall steady activity.
Japan for the first time publicly lists its total external assets and liabilities, ranking third among non Communist nations behind the US and West Germany. The Finance Ministry says external assets total about 43.395 billion dollars with net assets near 17.86 billion, contrasting with the United States and West Germany holdings.
Wall Street stock indices show gains as trading opens with the Treteee market session led by tech and industrials. Major indexes move higher with the Dow and S&P 500 advancing while investors weigh earnings and economic data.
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