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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?


To: paul ross who wrote (3757)12/2/1997 9:11:00 PM
From: rdww  Respond to of 116844
 
Australian Stocks Rise; BHP Leads a Resource Company Advance

Australian stocks rose as Broken Hill Proprietary Co. led an advance in resource stocks. The benchmark All Ordinaries index rose 15.1 points, or
0.6 percent, to 2539.9. BHP, the nation's largest publicly traded resource company, gained as much as 19 cents to A$14.33, WMC Ltd., a base
metals and minerals company rose as much as 5.9 cents to A$4.93 and Rio Tinto Ltd. advanced as much as 25 cents to A$16.75. Oliver
Messenger, a trader at Austock Brokers, said some investors are betting commodity prices won't fall any further and that there's room for mining
stocks to rise.