MISCELLANEOUS ITEMS.
AMERICA AHEAD IN OIL-BURNING SHIPS. LONDON, Feb. I?., J. H. Williams, at a meeting of the Institute of Engineers, said that the Americans were a long way ahead of the British in the use of oil for ships. There was hardly an American ship coming over to-day that was not burning oil. As a rule, for shipping, oil was a olieaper fuel than coal, and in many parts it was half the price of coal. In South America oil is displacing coal very rapidly, he said.
TRADE DRYING UP'. NEW YORK, Feb. 17
A financial note in the Sun and New York Herald says:—“Due to the demoralised condition of the foreign exchange market, merchants are having daily more difficulty in transacting business with Canadians. Yesterday the premium on New York exchange advanced to 13V per cent, an unprecedent' ed figure. With such a barrier confronting them, Canadians doiiig business in the United States, and Americans doing business in Canada, arc making no attempt to transfer funds across the line* ■Commerce between the two countries is slowly but surely drying up.”
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Hokitika Guardian, 10 April 1920, Page 4
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182MISCELLANEOUS ITEMS. Hokitika Guardian, 10 April 1920, Page 4
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