Mining shares buoyant as Continentals sign amid market rout
Melbourne exchange activity shows mixed sentiment with Poseidon and Placer-Industrial advancing while Amalgamated and NSW OM slide. Large miners face declines as oil and chemical sectors drift, and rail and brewery stocks provide limited support.
MENTIONED IN THIS ARTICLE
Topelan Miding Ons Development
Megioeied Ae
Nde
Pan Continental
Ade
Ol Interel
CRA
Westend
Mim
Sheell
Abeley
Edie Reades
Sihmo
Nsw
Melbourne Sinck Exchange Vetierdas
Peto Wabberad
Sn Michel Vouks
Poaern Mining Corp
Market Indices and Finance Sector Snippet
The fragment lists share price indices and entities across finance and industry, including banks, insurance, textiles, metals, and power sectors. It references specific figures such as 235 39 and 2481.90, indicating mixed value quotes from an abbreviated market section.
MENTIONED IN THIS ARTICLE
Banks Insurance
Other Finance Pastoral Spc
Common & Services
Devik Tabucow
Melbourne market notes amid unsettled oil and mining ads
Fragmented OCR text shows scattered references to Sydney oil, Sydney mining, and various place names and numbers. The readable portions resemble a midcentury classified melting pot with listings for mines, markets, cadmium, and hotel references, all jumbled and lacking coherent narrative.
International Move to Revalue Currencies Considered
Representatives of major non communist nations urged a meeting of finance ministers to discuss revaluing their currencies under pressure from the United States. Key figures named include Connally and Rockefeller, with Canada, Japan, Sweden, and Germany among participants. The call follows US aims to improve balance of trade and reduce dollar dominance amid global economic shifts.
MENTIONED IN THIS ARTICLE
Paris
United States
Nixon
United Press International
Rinalda Coral
Ovsla
Change in US policy signals shift in economy and global stance
The US Treasury Secretary Connally said Washington will not soften new economic policies despite global backlash. He warned against foreign dependence and urged shifts in balance of payments, stressing that the dollar and gold realignment are central to a broader economic strategy. The remarks cite defense of domestic interests and a move away from prior liberal accommodations, with support from banking figures in New York.
MENTIONED IN THIS ARTICLE
San Francisco
Thurday
AAP
US Treasury
MP Connally
Connally
Poneenton
Tatd Richefeller
New York
Chase Mane
Parish
New York Banks Cut Prime Rate Across Market
US banks in New York trimmed their prime rate to 54 percent from prior levels. Major lenders including Chase Manhattan and Chemical Bank announced reductions, citing easing loan demand and lower internal financing costs. The move follows broader financial system adjustments amid weaker consumer demand and anticipated slower growth.
MENTIONED IN THIS ARTICLE
New York
Cialasamiy
Ol Halamonneericin
Sun
Aer Ty Chase Manhantan
Baik Wes Eral Scaller Nanky
Ioan
Also Mentioned on This Page
Sydney
London
Aemthaern Pole Wes
Shemitheam
Noaney
Emspanye
Het Fore East
Sear Amore
Adktrey
Tuyer
Amd Tilesa Suur
Sydney Stock Exchange
Iain
Leading Falls Aim
OIL. Index
Melbourne
Aix
Sydney Oil
Sydney Mining
Letert Mata Ee
Amares
Cadimnan
Nates Motel
Rockefeller Rane
Feho
Irion Trading Partners
Ald
Paotiak
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