AUSTRALIAN EXPORTS

Dominion, Volume 31, Issue 207, 30 May 1938, Page 12

AUSTRALIAN EXPORTS

Price Index Rises The Commonwealth Bank’s index of Australian export prices has been advancing steadily for more than a month, according to a report from Australia. At May 12 it had risen to 75.7, and it is now well above the average for April, which was 74.0. The index also is above the averages for February (75.4) and March (74.6), but it. has not yet equalled the figure for January (77.1). The latest increase has been .due mainly to an increase in the price of Australian butter on t|ie London market. The demand for butter has been strong for some weeks under the influence of low New Zealand gradings and a reduction of Australian shipments. Wheat and wool have been steady, and gold has risen slightly. Apples In Good Demand < Received May 29. 6.30 p.m. i London, May 28. Apples are in good demand. New Zealand. ex Rangitaja : Granny Smiths, 12/3 to 13/9 a case; Jonathans, 9/6 to 10/3; Cleopatras, 9/3 to 9/6. * ■ Australian : Granny Smiths, 10/6 to 15/6 a case; Jonathans, 8/6 to 10/9. Big River Report Big River Gold Mines Ltd. report for the week ended May 26: —No. 5 level north stope: Stoping continued. Stone 9ftl wide in the north end. South stope: Stoping stone Bft. in width. Centre stope: Stone 3ft. wide. 7ft. long. North drive: Advanced 6ft.; total 18ft. Winze: Stopped: required depth of 75ft. has now been reached. Shaft: Completed 6ft.; total 13Sft. Battery: 50 tons of stone sent to the battery. AUCTION DIARY TO-DAY. The Avenue. Levin. 12 noon.—Clearing Sale account G. Elliot and A. E. Holmes (N.Z. Loan and .Mere. Agency Co. Ltd.). Johnsonville Store and Dairy Stock Sale, 1 mm.—.. Mixed Stock (Wright, Stephenson ami Co., Ltd.). S Willeston Street, 1.30 p.m.—Household Furniture (Johnston and C?.). Woodville Sale. 12 noon.—. Mixed Stock (Abraham and Williams. Ltd.). TOMORROW. S Willeston Street, 10.15 mm.—Unclaimed cargo (Johnston and Co.). I’uawai Road, Mangawhata. 11 a.m.—Sale of Dairy Herd and Implements account J. W. Wheeler, Esq. (Dalgety and Co., Ltd.. N.Z. Loan and Mercantile Agency Co., Ltd.). S Willeston Street, 1 p.m.—Drapery, Clothing, etc. (Johnston and Co.). Levin Sale, 11.30 a.m.—.Mixed Stock. WEDNESDAY. 'JI Dixon Street. 10.30 a.m. —Unredeemed Pledges, account J. W. Hatten. Ltd. (C. W.. Price). Masterion Sale, 11 a.m.—Mixed Stock. Johnsonville Fat Stock Sale—Mixed Stock (Wright, Stephenson and Co., Ltd.). Queen Street, Masterton. 3 p.m.—Sale of House Property, Essex Street, Masterton, account estate late Roslna Meredith (l)algety and Co.. Ltd.). LONDON’S SHIPPING. During the week ended April 20 082 vessels, representing 1,040.208 net register tons, used the Port of London. Of these 505 vessels (827,808 net register tons) were to and from Empire and foreign ports and 477 vessels (212.43(1 net register tons) were engaged in coastwise traffic. The arrivals included six meat cargoes—viz., three from Australia, one from New Zealand, and two from South America, comprising 112.000 carcases of latnb and mutton, 127,000 quarters of beef. quantities of pork, rabbits and sundries.