Market Tumbles In Sydney Trading

Press, Volume CV, Issue 31057, 12 May 1966, Page 25

Market Tumbles In Sydney Trading

(NX. Press Association—Copyright) SYDNEY, May 11. The market on the Sydney Stock Exchange during the last week lost ground with the share index falling 8.06 to 318.68, according to the weekly market report.

The total average turn-over of 842,536, including a total average mining turn-over of 244,600, although slightly less than last week, was still above average.

were again eagerly sought with the shares rising 50c over the last week to a high of 420 c. Latest sales recorded were at 402 c. In the investment section B.H.P. was once again heavily traded with prices reaching a high of 564 and later easing to 552.

Woodside 5c paid contributing shares once again recorded heavy turn-over with the shares rising to a high of 23c, and later settling down around 21c. Directors of Planet Oil advise that magnetic anomalies coinciding with the large mineralised gossans recently discovered by the company in the Petermann Ranges have been revealed by an aeromagnetic survey. The Peterman Ranges are in the south western comer of the Northern Territory. Magnetic anomalies were also detected along the mineralised intrusive granite contact previously reported. Sampling Programme A field party will leave for the area next week to conduct an extensive outcrop sampling programme. The company’s shares are currently selling at 27c. Western Mining shares