Quiet start to the week's Melbourne trading on stock exchange
On Monday the Melbourne Stock Exchange saw subdued activity as industrial shares held steady. BHP posted a 4c rise to 86s 6d amid gale driven gains, with CSR and several others slipping slightly as overall market momentum lagged.
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Melbourne
Melbourne Stock Exchange
Australia may grow all cotton it needs soon
Australia could efficiently expand domestic cotton production within a few years, said Mr W Kerridge, as irrigation schemes boost yields. Gold and foreign exchange at the Reserve Bank fell by 31 million to 1,251.6 million in the week to June 1, with government securities down 28.1 million to 670.5 million. Kerridge warned continued drops in producer returns may push out less efficient growers, even those using irrigation.
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W. Kerridge
Sydney
Kerrie
Weilms
Sarga Java
Boetridge
Australia
Ore
Oif
Softgoods wholesalers to conduct census
The Australian Wholesale Softgoods Federation will run a nationwide census of textile distributors in the coming weeks. President A M Bryant announces surveys of members and other wholesalers to gather details on employment, stock values, assets, and turnover. The census aims to map wholesaling activity and credit flows with ANZ Bank Melbourne noted.
MENTIONED IN THIS ARTICLE
Australian Wholesale Softgoods Federation
Caneferrie Vestentay
Federation
A M. Bryants
Sofigonis
Janawar
Innakl Luvniover
H Whalesale
Tall
Full clearance at tobacco sale in Melbourne
Melbourne auction reports strong turnover with top prices listed. Bales from Myrtleford and other consignors drew keen bidding as brokers note high demand and robust activity across the sale day. The record prices reflect buoyant market sentiment for tobacco and related lots.
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Melbourne
M. Milne
Myrtleford
Dalgey-Nz
AMG Pastors Co
Anced
Aernoun
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