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Newspaper
Canberra Times
Location
Canberra, Australian Capital Territory, Australia
Date
Jun 05, 1971
Page
13
Melbourne stock market coverage notes Whim Creek and Poseidon easing after earlier gains as Western Australian mining plays show mixed results. Nickel names lead declines while Woodside and Peko-Wallsend tilt trading, with several industrials slipping.
Scrambled OCR snippet shows incomplete words and stray characters, offering a glimpse of garbled lines. No clear names, places, or events emerge. readable portions suggest a local notice or caption broken midline. Further context required for a reliable summary.
ARC chairman Lad Moemerh said ARC supports BHP's plan to raise steel prices in Australia and that reflexive government action could hurt industry. He warned against aggressive price controls and argued higher steel costs would ripple through the economy, stressing that demand in Australia remains fragile.
Dunlop Augeryta Ltd announced that L would resume its acquisition drive with a cash purchase of F&T Industries Ltd’s footwear business, signaling a strategic expansion into the footwear sector.
Alcoa of Australia has signed an agreement with an Argentine firm to supply 70,000 tons of alumina annually for a world scale aluminium plant planned in Argentina. The deal secures a key raw material supply and involves financing and construction details expected by 1980.
The report outlines a complex balance of exparis era 51757 and Imperiyns inuniine, with ambiguity over payment terms and potential involvement in Canberra. It cites figures such as 33.7 million and 211.3 million related to exports and imports, noting a move to proceed with lion while imparting growth indicators and related activity.
Unable to determine readable facts from the fragment. Summary will reflect the fragmentary OCR text as a brief item. The readable words suggest a local notice or fragmentary listing.
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