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This newspaper page contains 8 articles. Subscribers can read the full text of each article.
Newspaper
Canberra Times
Location
Canberra, Australian Capital Territory, Australia
Date
May 14, 1968
Page
8
Bull market mood spread across Sydney Stock Exchange as most sectors show gains led by a strong industrials uptick. Crude and precious metal shares rose on government policy signals while listings in mining and option markets showed active interest despite uneven early trade.
The Reserve Bank bulletin notes domestic rates remained fairly steady in the March quarter with small rises in short and medium term government yields. Overseas, rates varied with Canadian and US securities showing shifts. UK and other markets also moved, while bank lending and daily money market activity remained subdued amid mixed holdings changes.
Barrier Ex expands nickel ambitions by forming a joint venture with Metals Exploration NL and Freeport of Australia Inc to explore Kanowna and Kalgoorlie region prospects. The multi-party deal, tied to options and potential acreage near Lake Kalgoorlie, signals renewed activity in Western Australia’s nickel frontier.
Tokyo reports the Japanese car industry and the Ministry of International Trade and Industry discuss methods to apply price controls on exports to Australia. Officials and manufacturers consider a possible ten percent rise in prices as models enter Australia for parts timing, amid government rules.
BHAS reports first zine output from Brikenill Associated Smelter My Ltd and exports via Janlo producer. The JAC plant in South Aura produced xine units from current feed while slugs and reserves built over half a century, with projected capacity near a million tonnes of eeuvershcle zine.
The report notes a year ended December 31 with profits down from prior March figures due to higher prot for the full year and ongoing bank advances. It cites expanding advances in March and adverse harvesting conditions in 1967, yielding a reduced share of profits and increased costs across departments.
The readable text is garbled with names and numbers scattered. It mentions teams, scores, and persons like Brad and Bates, but lacks a coherent story or clear event to summarize into a full item.
Leaders of American business meeting in Hot Springs Virginia warn that growth will slow under rising inflation. The Elite Business Council predicts inflation will persist for the coming year with significant impact on investment and consumer prices.
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