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Newspaper
Canberra Times
Location
Canberra, Australian Capital Territory, Australia
Date
Sep 24, 1971
Page
4
Fragmented market notes indicate slight gains on a broad front and a modest improvement in mining shares. Prices such as $3.20 and $4.80 appear alongside scattered references to specific entities and operators, with unclear names and figures throughout the scrambled text.
Traders monitor mixed signals as indices drift with erratic volume. Analysts note pockets of strength in energy names while financials show cautious trading ahead of quarterly results and policy remarks from major banks.
Local notes report Sydney mining progress with sparse details. Mentions of Kade and Wry appear, with a focus on a Sty aba feta te SA t. and references to Sydney ok ra Co.
The Permanent Building Society of Australia Ltd increased total assets by 1.205 million to 41.18 million for the year ended June 30. Paid capital also rose, with gains noted in the brief financial update.
Consolidated Wes Holdings Ltd reports net profit fall of 43,938 dollars from 52.68 million to 2.64 million in the year to June 30. The result reflects depreciation of 144 million and internal income tax adjustments totaling 3.08 million included in the result.
Canberra based Travel Austral fied reports higher turnover but a mixed year with net profit up to $102 million tied to nationalization efforts of smaller motels amid a cooling rural economy. Dividends steady at 6 per cent payable Oct 2. Depreciation rose to $720,900 with a loan fund of $611,084. company outlines consolidation of properties and cautious outlook.
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