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This newspaper page contains 6 articles. Subscribers can read the full text of each article.
Newspaper
Canberra Times
Location
Canberra, Australian Capital Territory, Australia
Date
Mar 19, 1968
Page
11
ANG Holdings Ltd reports interim loss as operations incur costs amid unprecedented wet conditions and a delayed timber market. Directors say improved demand and a stronger market outlook are expected to restore profits later in the year.
The Sydney market showed mixed gold share trading with prices slipping for many miners. Reports from Melbourne and London noted small gains for some companies while others fell, reflecting unsettled demand and thin turnover across major gold producers including Kalgoorlin and Emperor.
A recent survey by the Bank of New South Wales and participants from Australian industry shows a constructive outlook for manufacturing activity. Respondents from manufacturers, buyers, and related sectors foresee steady demand and a cautious but positive trend in the business climate for the coming period.
The report surveys Southern Pacific Petroleum and Central Pacific Minerals UK investment trends, industry stock moves, and currency effects. It notes reduced demand, cautious financing, and output changes across miners and manufacturers, with price swings, wage pressures, and shifts in capital activity shaping the sector through the period.
Two new mining and oil floats loom as big share issues. Investors watch key issuers and pricing amid market interest and regulatory signals.
The article reports Southern Pacific Petroleum NE and Cenical Pacific Minerals NY forming 10 search 10 companies to issue shares. It discusses exploration programs in the Otway Basin and nearby regions, naming individuals and firms involved, and notes February production figures for Broken Hill Proprietary Co Ltd and Port Kembla iron and steel output.
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