COLLAPSE OF RUSSIAN STOCK

Dominion, Volume 12, Issue 305, 20 September 1919, Page 7

COLLAPSE OF RUSSIAN STOCK

f HEAVY SLUMP IN LONDON EXCHANGE BIG DEFICIT ON SECURITIES Bj Toleerapli-Prtis Aoiociatloii-CopyriEllt (Hee. September 19, 5.5 p.m.) London, September 18. Russian Government bonds continue to collapse on the London Stock Exchange owine to actual and anticipated selling. Mini Hi; and oil shares are severely, depressed. It is estimated that outslandimr Russian Government and municipal securities, ?>lus arrears of interest, amount to J;2,000,000,000 (pre-war value). -Aus.-N.Z. Cable'Assn.

SOVIET NEGOTIATIONS WITH BALTIC PROVINCES London. September 18. The. negotiations between the.Esthonian. Letllan'd, Lithuanian, and 'Russian Soviet. Governments have terminated without a decision being reached. The Premiers of Esthonia, Lativia, and Lithuania, will meet shortly to discuss certain Sonet, proposals.—Aus.-N.Z. Cablo Assn. Stockholm, September 18. The I'ussiaii-Esthonian peace negotiations .commenced on September 15. The conference is dealing with regulation of the .frontier- and commercial relations with Russia. - ' - ~ . The Bolslieviki offer to recognise (ho independence of Esthonia. The- Bolshevik newspaper "Isvestia" savs:—"The EsthOnians must give in, despite Allied efforts to force them to continue tho war by threatening to stop'tho'transport of food."—Aus.-N.Z. Cable Assn. ' (Rec. September 20, 0.30 a.m.) Copenhagen, September 17. A conference'at Riga of Lettish, Esthonian, and Lithuanian statesmen, accepted Lenin's offer to initiate peaeo negotiations. The decision moused mudi dissent aiid some disorder.—Aus.-N.Z. Cable Assn'..

THE WAR ON THE BOLSHEVIKI ■RrU'ORTS FROM : VARIOUS FRONTS. (Rec. September 19, -7.45 p.m.) London, September 18. The Bolslieviki have been'severely defeated east of Goektepe, and their forces are hurriedly evacuating Askabad. Prisoners captured on the Murman and Archangel fronts since August total 4171. General Dcnikin continues his successes, while General Wrengel has regained the initiative before 'J'saritsin. The Bolshiviki were forced to retire thirty miles, losing many prisoners. General IColchak's southern'army suffered through the desertions of the Orenburg Cossacks to the enemy. They tie-, sorted rather than leave their nativo land. The : Bolslieviki claim forty-live thousand deserters owing to the enforced retreat of the southern army. . The Bolslieviki have opened up communication between Russia and Turkestan, thus securing a plentiful'supply of foodstuffs — Aus.-N.Z. Cablo Assn. - : ' ■

BRITISH LOAN TO FINLAND. London, September 18. -v A British loan of .£10,000,000 to Finland hns been arranged.—Aus.-N.Z. Cable Awn.