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Newspaper
Canberra Times
Location
Canberra, Australian Capital Territory, Australia
Date
Oct 05, 1973
Page
6
Active trading eased as Woodside stock signs fell and major industrials declined on Wednesday. Across the Brisbane Stock Exchange, declines led by a 25 cent drop in one heavyweight and a 10 cent fall in another, with clothing manufacturing and mining shares also soft. Some advancers appeared in select commodities, while overall turnover remained cautious amid continued market concern.
In Geneva a negotiator group rejected a proposed sugar price range of 37 to 57 pounds per ton amid warnings it would bankrupt underdeveloped nations relying on exports. Canada and Japan were singled out for high costs, with New Zealand and Korea backing the plan while major exporters like Australia, Cuba, and Brazil opposed it. The conference stalled as critics argued the scheme would raise world market rates and destabilize economies dependent on sugar exports.
Adler Bus nets Machines Pty Ltd plans to establish a Canberra base in Fyshwick after securing a federal supply contract for electre typespiers. Mike Connell, Adler group manager, will oversee the opening as part of a broader expansion including new cranes and advanced equipment.
Yesterday at Homebush sales saw sheep at around 242 and 1427 suckers with fair to very good demand. Prices held for prime cattle with lighter weights and heifers showing some firmness, while overall stock sold closer to last week and several lines dearer.
Fragmentary readable text hints at a sequence of names and terms, including places and people, but lacks coherent structure or clear actions. The garbled OCR yields multiple improper phrases and impossible connections, preventing a true summary of events, dates, or outcomes.
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