Endurance reports reserves and indium find at McNamara lode
Endurance Mining Corporation NL to the Sydney Stock Exchange outlines three reserve estimates for the McNamara lode: proven 30 000 tons grading 2 37 percent scheelite 4 75 percent antimony 3 29 ounces per long ton gold. probable 130 000 tons and potential 166 000 tons. Indium discovery in 250 feet of tunneling raises potential value though its significance requires broader testing. First Western posts six month loss of 48 533 while Epoch Minerals reports high silver and indium from Comeno mine cores.
MENTIONED IN THIS ARTICLE
Endurance Mining Corporation NL
Sydney Stock Exchange
Endurance
Epoch Minerals
Epoch Minerals Exploraion NL
Comeno
North Queens
Towi
Broker warns of influence on market
Mr J Campbell Johnston speaking at the National Reliance Investment Co Ltd annual meeting warned that publicity around the Senate inquiry and related developments is generating a real, indefinable market influence. He cautioned against believing the market can be a risk free benevolent agent for unthinking buyers and urged protection for genuine investors and the integrity of the securities industry. He noted ongoing deflating pressures from overseas interest ebb, rate policy changes, and recent share trading shocks.
MENTIONED IN THIS ARTICLE
J. Campbell Johnston
National Reliance Investment Co Ltd
Johnston
Australia
Senate
Cfock Exchange
Paul Hamlyn group reports 33.9 per cent profit rise in 10 months
The Paul Hamlyn group and International Publishing Corporation units in Australia and New Zealand switch to a December year end. For ten months to December 1970 profit was 952000 before tax depreciation and interest, turnover 9451000 up 30 percent. Managing Director K E Weldon credits Australia Heritage weekly as a major milestone.
MENTIONED IN THIS ARTICLE
Paul Hamlyn
International Publishing Corporation
Australia
New Zealand
Reed
Basic Books
A’asia) Pty Ltd
K. E. Weldon
Walton s Corpora tion Ltd increases paid capital
Walton s Corpora tion Ltd raises paid capital nearly 25 percent to over 17 million dollars with equal contributions from Waltons Ltd and First National City Bank of New York. Managing director John Murphy states funds will finance continued expansion of the company s diversified trading activities. The move follows a May decision by FNCB and Waltons to raise their holdings by year end.
MENTIONED IN THIS ARTICLE
Waltons Ltd
First National City Bank of New York
John Murphy
Fncb Waltons
FNCB
Waltons
Morphy
Retail debt growth and wage earners rise in latest stats
The Statistics Bureau reports a 10 percent year to May rise in outstanding retail instalment credit owed to non-retail financiers and retail lenders, totaling 1.716 million. April wage and salary earners reached 4,478,000, up 138,000 from April last year, with male earners up 93,900 and female earners up 70,200.
MENTIONED IN THIS ARTICLE
Statistics Bureau
Banking Loans to Industry Fall in First Half
The May Reserve Bank bulletin shows major trading banks lent only 63 million more in the first half of this financial year, vs 167 million last year, with industry loans up 41 million vs 123 million. Deposits rose by 358 million, while new lending remains near record highs for 1969-70. diverse sector trends include rural indebtedness easing and manufacturing debt rising.
MENTIONED IN THIS ARTICLE
Reserve Bank
Australian Bankers’ Association Research Directorate
R. B. Cameron
The
Bulletin
Breakthrough in mineral processing with on stream analysis
The Philips group, the Australian Atomic Energy Commission and others signed to produce a new radioisotope based mineral analyser called on stream analysis. It aims to save miners millions by detecting and recovering valuable minerals lost in flotation. Tests at Broken Hill showed 330 extra tons of copper worth about 300000 in a year.
MENTIONED IN THIS ARTICLE
Philips Group
Australian Atomic Energy Commission
Thvo
Philips
Atomic Energy
Lucas Heights
AAEC
Philip Baxter
Tlme
Philips Industries Holdings Ltd
Broken Hill
Honeywell enters Australian mini computer market with G-58
Honeywell Pty Ltd expands from large computers to mini computers with the G-58. A six model line in punch card and disc forms targets first time users, offering Mini COBOL and bundled packages at $35,000 to $84,000 or higher, with immediate deliveries and no special computer environment required.
MENTIONED IN THIS ARTICLE
Australia
Honeywell
J. McKim
Information Systems
Proach
Australian ships adopt IBM time sharing for payroll
The Associated Steamships Pty Ltd fleet now processes payroll for 1,500 crew via IBM time sharing terminals at Melbourne head office linking to the IBM Data Centre in St Kilda. The system, first for Australian shipping, handles input from ships and produces payslips and bank advices, using two 2741 terminals and remote computing to meet a three week development deadline.
MENTIONED IN THIS ARTICLE
Associated Steamships Pty Ltd
IBM
Melbourne
St Kilda
Associated Teamships
Associated
Calculator almost a computer in HP Model 10 release
Hewlett Packard introduces the Model 10 2 calculator with data storage and interchangeable program and keyboard blocks. The unit offers 51 memory registers, 500 program steps expandable to 2000, and blocks for mathematics statistics and user defined keys. It features a full alphanumeric printer via an Alpha block and requires no special programming language.
MENTIONED IN THIS ARTICLE
Hewlett-Packard
Canberra
Dick Graf
BP deploys MARC-IT terminal for long term planning
The British Petroleum Company of Australia Ltd received a remote MARC-IT terminal from Control Data Australia to run its large linear programming model on Control Data’s 6600 at North Sydney. A new wideband link between Melbourne and North Sydney, the first in Australia, boosts transmission to 40 800 bits per second, enabling BP to submit and control its LPF model directly on the nation’s largest computer of its type.
MENTIONED IN THIS ARTICLE
British Petroleum Company of Australia Ltd
Control Data Australia Pty Ltd
Evnen
Control Data
D. K. Macnab
BP House
Melbourne
North Sydney
Australia
Also Mentioned on This Page
Ness & Economics
Jindabyne
MSW
First Western Corporation Ltd
P. Hamlyn Group
Fnce-Waltons Corporation Ltd
Welde
Lelroy
Sydney
Dle
Exchange
Endeavour Beidge
Ayer
Walde
Nsw
Pune
Alanita
London
Westmex
North
South
Zac Zmouth
Walde Ely
Poselulon
Nick Abele Teidfonth
Wosimex Ic
Walde Cig
Woodside Lad
Computing News
Honeywell Pty Ltd
TBM
America
McKim
S Model
Mercantile Credits
P.A
Sod Men Teat
Benking Group Li
Hongkong Bank Group Representativa Ottics
Path Rae Sydneyy
Collins Street
Melbourn
Tha National ‘Mistral Luta Association of
Sun Branes
Thle Credits Limited
Mercantile Credits Limited
trBd
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