Weak Australian industrial output in May signals slowdown
Australia’s invussnas production remained weak in May per figures from the Bureau of Sta. Industrial output declined from April in 18 of 32 categories with seasonally adjusted data. Petrol engines fell from 7,000 in April to 10 in May on an adjusted basis, while car and station wagon production dropped to 29,000 from 30,300 and last year’s 32,600. Some improvement appeared in commercial vehicles, and most iron and steel types dipped modestly, though pig iron blooms slabs and tinplate stayed above May last year.
MENTIONED IN THIS ARTICLE
Australia
Bureau of Sta
Bureau
Sharp rise in price of goods in Australia after devaluation
The Bureau of Statistics reports locally made goods rose 3.5 percent in the three months to end April, well above the 2.3 percent March quarter rate. The figures suggest the full impact of last November's devaluation is still unfolding, with import price competition easing after the devaluation and Australian-made goods up about 4.4 percent over the year to October.
MENTIONED IN THIS ARTICLE
Bureau of Statistics
Tims
Australia
Bureau
Food costs flat in May across Australia except Adelaide and Canberra
The Bureau of Statistics reports May food prices in Australia were broadly steady with an 18 percent national rise year to year. Perth led monthly increases while Brisbane showed dramatic dairy spikes. pork fell 0.6 percent and lamb and mutton largely unchanged.
MENTIONED IN THIS ARTICLE
Canberra
Bureau of Statistica
Bureau
Australia
Adelaide
Can
Perth
Hobart
Sydney
Brisbane
Canna
Last Sydney Markets Prices and Oddities on Trade Floor
The fragment lists numerous ticker-like entries and prices across multiple securities and entities. It shows varied figures such as 5597, 136, 49, 208, and 100, with many abbreviations and names indicating stocks, bonds, or commodities traded in Sydney. The passage reads as a chaotic roll call of market quotes with inconsistent formatting and uncertain completeness.
New coal find in South Australia opens open cut potential
The South Australian Government reports a new coal seam near Lock on Eyre Peninsula. Minister for Mine and Energy Hudson says the seam covers about 20 square kilometres, 30 kilometres west of Lock. Seams are thin but shallow enough for open cut mining. extensive testing is required to gauge significance.
MENTIONED IN THIS ARTICLE
Lock
Eyre Peninsula
Mine and Energy
Hudson
Hilson
Miller buys stake in Oaky Creek coal field Queensland
R W Miller Holdings Ltd acquires 20 percent interest in the Oaky Creek coal development in Queensland. The project, controlled by Houston Oil and Minerals of the United States, meets one government condition for a 10 percent prospect. Early exploration indicates 16 million tonnes recoverable by open cut and a further 173 million tonnes recoverable by underground mining.
MENTIONED IN THIS ARTICLE
New South Wales
R.W- Miller (Holdings) Lr
Oaky Creek
Queensland
Houston Oil and Minerals
Houston 10
Australian General Electric Buys Melbourne Site
Australian General Electric (Appliances) Pay Ltd buys Hecla Rowe Ltd land and buildings at Clayton Melbourne for about 3 3 5 million and plans spending 25 million to modify the building for use as a warehouse and distribution centre. GE will maintain its Melbourne electric-housewares manufacturing and continue major alliances at Enfield Sydney.
MENTIONED IN THIS ARTICLE
General Electric (Appliances) Pay Ltd
General Electric Company
United States
Hecla Rowe Ltd
Clayton
Melbourne
Australes
General Electric
Healy Rowe
Siker
Enfield
Sydney
New Ampol Director Appointed From AIDC
Sir Alan Westerman has been named to Ampol Petroleum Ltd board filling the chairman and part time director role. He retired in January from fulltime executive duties with the Australian Industry Development Corporation.
MENTIONED IN THIS ARTICLE
Alan Westerman
Ampol Petroleum Ltd
Alan
Australian Industry Development Corporation
Chniman
AIDC
Prices cut for farm machinery spare parts ordered
The Prices Justification Tribunal ruled that Sperry Rand Australia Ltd and Jr Case Australia Pty Ltd reduce spare parts prices by 10 percent, and International Harvester Australia Ltd by a similar cut, with lower prices effective from July 18. The inquiry blamed high margins and distribution costs and urged ready access to recommended retail price lists.
MENTIONED IN THIS ARTICLE
Sperry Rand Australia Ltd
Jr. Case (Australia) Pty Ltd
International Harvesters Australia Ltd
Pryor
Chamberlain John Deere Ply Ltd
Ford Motor Co of
Australia Ltd
Massey Ferguson (Australia) Ltd
Taft Bros Industries Ltd
Pryce
Strikes threaten ANL fleet in Western Australia
Strikes at Port Hedland threaten ANL’s blue-water fleet. Four ANL ore carriers including the Australian Prospector remain idle since June due to pay disputes, with losses over 1 million dollars and up to 3.5 million for ships held up. The Australian Prospector, launched in April, is the worst affected as unions negotiate a new contract. Foreign ships, mainly Japanese, are also tied up as tensions mount and stockpiles dwindle. The prolonged stoppage has hit local business with a notable economic drop.
MENTIONED IN THIS ARTICLE
Australian National One
Western Australia
ANL
Port Hedland
Alnwick Castle
Mount Newman
Tambo
Mount Newman Mining Company
Tawny
Ministers to discuss trade barriers at OECD meeting
Twenty four non communist nations plan to renew a pledge to avoid new trade barriers at the OECD council meeting. The session chaired by Foreign Minister Peacock and Finance Minister Lynch weighs whether current policies still support moderate growth or need strengthening. ILO reports 5.3 percent unemployment in major economies with 15 million jobless, rising to 6 million by year end if policy holds.
MENTIONED IN THIS ARTICLE
Paris
Organisation For Economic Co-operation and Development
Material Council
Fink
Mr Peacock
Me Lynch
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