Banks to declare private savings rates this week
The Australian Bankers Association expects private savings banks to announce new interest rates this week, likely close to the Commonwealth Savings Bank level. R B Cameron noted rates should not vary significantly due to uniform conditions across banks and mass home loan activity, with announcements possible Wednesday or Thursday. The Reserve Bank deputy governor had set a ceiling rise to 71 percent from yesterday, while the Commonwealth Bank kept rates unchanged for deposits up to a specified amount.
MENTIONED IN THIS ARTICLE
Australian Bankers’ Association
Association
R.B. Cameron
Commonwealth Savings Bank
Cameron
Commonwealth
Reserve Bank
Mom. Kaught
Commonwealth Bank
SAI
San
Nicholas International Ltd posts higher 1972 73 net profit
Directors report consolidated net profit for the year at 4.289 million dollars, up from 3.974 million. Sales rose to 71.03 million, with depreciation and taxation details noted. Asset backing per share increased to 49s, dividends maintained at 6.5 percent, while outlook warns of inflation, cost pressures, and material shortages.
MENTIONED IN THIS ARTICLE
Nicholas International Ltd
Beef import shifts seen to lift US cattle market
The US faces greater Australian meat competition as Australia shifts exports toward the United States and Europe. New Zealand expects steady or higher beef and veal shipments to the United States next year, while US demand remains for low grade manufacturing beef.
MENTIONED IN THIS ARTICLE
Australia
Europe
Japan
New Zealand
United States
Reort
Wfilington
New Zealand Meat Producers Board
United States Department of Agriculture
America
Weaker market in Melbourne on yesterday’s stock exchange
Melbourne shares weakened toward the close with slow turnover across sectors. BHP moved to 7 dollars, Tooths improved, and banks like Wales eased while National and Bank of Adelaide held. Mining stocks eased with Poseidon unchanged and Great Boulder down. Woodside and Ampol Exploration were flat on oil boards. Western Mining rose to 1.80, while Bank of NSW fell to 6.76 and Peko Wallsend declined to 5.03.
MENTIONED IN THIS ARTICLE
Melbourne Stock Exchange
Sydney Stock Exchange
Pele
Hutidiy
Melourne
BHP
Toas
Herald
Eade
Wales
National
Bank of Adelaide
Myers
Serail
Waltons
Ampol Exploration
Woodside
Burma
MIM
Western Mining Corporion
Bank of Nsw
Peko
Wallsend
New Zealand Trade Delegation Sees Confidence in PNG
Members of a Zealand trade delegation organized by the New Zealand Manufacturers Federation say the Papua New Guinea trip generated more orders than expected. Leader G R Harris noted strong future prospects for the territory and the mission boosted confidence in trade.
MENTIONED IN THIS ARTICLE
Auckland
Mondo
AAP
Zealand
Papua New Guinea
New Zealand
Adelaide library to install IBM System/7 in 1974
The Barr Smith Library at the University of Adelaide will install IBM System/7 to streamline loan control. About fifteen thousand books are on loan at any time. system includes 14K main storage and 2.5 million word disc storage with IBM components and card reader terminals at circulation desks.
MENTIONED IN THIS ARTICLE
Barr Smith
University of Adelaide
Australia
IBM Australia reports lower half year profit
IBM Australia Ltd posted a consolidated net profit of 3,226,000 for the half year to June 30, down from 4,051,000 in the prior period. Directors cited difficult trading conditions in 1971-72 and a 1.73 drop in turnover, with depreciation at 3.97 million and a tax provision of 4.41 million.
MENTIONED IN THIS ARTICLE
IBM Australia Ltd
IBM
Commissioner of Taxation
IBM Corporation
Australia
Fletcher named general manager of CDP Australia
Barry J. Fletcher, formerly with the General Electric Organisation, is appointed general manager of Commercial Data Processing Ltd. CDP Australia. He will oversee operating divisions and brings extensive management experience from Australian operations and an overseas study tour. CDP offers on line computer services, data preparation, employment agency Datastall, courier A Car, and ACar Security Services.
MENTIONED IN THIS ARTICLE
Air Barry J. Fletcher
Commercial Data Processing Ltd
Sieneral
Informatestems and
Data Proceing
CDP
Datastall Courier Services
A-Car
Acar Security Services
Honeywell Opens Third Multics Center in Phoenix Complex
Honeywell Information Systems has installed a third Multics computer centre at its Phoenix Arizona complex. The system cost 5.7 million dollars and raises Honeywell’s total investment in its own Multics hardware to 21.2 million dollars.
MENTIONED IN THIS ARTICLE
Honeywell Information Systems
Comspuiter
Phoenix
Arizona
Honeywell
Moltics
Wool buyers unsure on prices amid trade confusion
Wool buyers are unsure prices were expected to drop today due to widespread confusion in the wool trade. Trade sources said last night buyers were confused about private buying trends and the shortage of wool causing prices to ease as buyers hack off and rethink procurement.
MENTIONED IN THIS ARTICLE
Abilly
Wall Street closes down 6.2 points at 947.1
The market drifted lower after a week of gains with industrials leading the decline. Analysts noted selling pressure across several sectors as traders debated outlooks for inflation and corporate earnings, leaving the index near 947.1.
ACT branch ACS meeting on ACP cost effectiveness
The Australian Computer Society ACT branch holds its monthly meeting Thursday in the Percy Lecture Theatre at 7.4 pm. Mr Mick Norsa and Mr Leeton will discuss cost effectiveness and ACP applications and share views on professional responsibility in ADP practice.
MENTIONED IN THIS ARTICLE
Act
Australian Computer Society
Percy
Mick Norsa
Leeton
Calley Garage Mirage Shifts Minds in New South Wales
Local business reports a dramatic surge as Mel Smee leads Mirorater in Nowra with bold campaigns at Hall Vast Clout. Communities note rapid interest and growing support for the project despite early skepticism.
MENTIONED IN THIS ARTICLE
Calley Garage
Hall
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Nicholas
Aqeather
Direstora
Melbourne
Poseidon
Great Boulder
Bougainville
Queensland
Dunlop
United Packages
Canberras Limited
Trustee Company of
New South Wales
Connell Street
Sydney
Nsw
G.P.O
N.S.W
MNEYS
TisctCas
EIC
London
Computing News
Fletcher
Compan
Olivetti
Datacard and
Olivetti Australia
Datacard
Software Factory
Wall Street
Ose Sre
Shopine Uerare
Saoworne
Sirius
Tnd
Melhourney
NecCria
Tuna Fine
Aton
Sun 'Butlers
Canberra
Age
Nee Cleghorn
Diane Ai Tonya San
Basi
Borm
Bom Wel
Wwurgess
Jan
Keith
Tracey
Kain
More
Boba
Gardenine Mary
Levey and
Sagano
Zotac Geal
Andrew
Grebe
Elisate
Anna
J. Metniury
Norwood Park
Meart Foundation
Morreliz
Friends of the Inc
Bose
Mgt
G'Rourke
ARDA
Murrell
Canberra Highland Society
Burnslab
Harold Hume Mure
BOLA
Pends
Mra
Una ‘Garet
Pola
Reepeet
Christ Church
Rutledge St
Quean Revan
Sam
Wednes
Thar
Road Iin Cemetery
H. O'Rourke
Shenally
Charles
John
Mary
Bitaherb
Macha Lilien
Anthony
Hajiees
James Te Wineie
Esjutlul Memanen
Sone
Elizabeth
Eavid Kinty-Loule
Inee Kilian
Lucy
Canberra Surf Beach
Marian
Batenaven
Conte
MatPhone
Eden
Glassey Kingston
Wfand
Seiko Waren
Angers
Patterson Ince O'Don
Black Crone
Dinelly
Karen
Kin
Niwela
Ihe
Ainslie
Ami
Kingston
Kyle
Besselink
McGrath
Dennis
Jose
Tim
Paul
Stone” Ave
Ainchie
Annette Koip
Peter
Bhreen
Cheryl
Ffump
Wam — Gallagher
Mir
Ira Gallagher
Bien
Margaret
Michael
Ernest Ham
England
Stone Newick
A.A. Newick
Parscia
Ty Chew
F Stone
Ot Leone
Teith Finformation Ste ‘Dvertners
Leschen
Adelaide
Carl and
Elizabeth Leschen
Bill Mitte
Pauline
Meller Alec Bruce
Canbert
MacKenzie St
Hackett
A.B. Chapman
Monaro
Woden Plaza
W. G. Whitnall
Brian HL Colman
Many Chambers
Monaro St
Queanbeys
Robert D. Harvie
Hibernine Arcade
Garcon Place
Nonwoon
Woden Plass
Hervey Bay
Minin
Tale
Steve Pead
Steve
2CA
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