AMERICAN ITEMS.

Hokitika Guardian, 20 May 1920, Page 2

AMERICAN ITEMS.

(By Electric Telegraph—Coiynghlj

HELPING CENTRAL EUROPE. (Received this dav at 8 a.m.) \ :■■ ■; WASHINGTON, May 17. The United States Congress does not I seem inclined to vote for the appropriations intended to aid Central Europe along the Tines ..<r Davidson suggested Members point out' that the United States has duties to its first, "and whatever aid America gives should be donated privately. - PRICE-CUTTING. (Received This Day at 8 a.m.) ' NEW YORK, May 17. Thirty-four cities throughout the country report price-cutting from 20 to 50. per cent -of all merchandise, even including automobiles, resulting in a considerable reduction in the cost of living. Freight congestion, tight money, and lessened buying are assigned as the causes for this, reduction. OIL SUPPLY. 'Received this dav at 5.20 a.m.) WASHINGTON, May 18. According to Government statistics; forty per cent of the United States oil producing fields are exhausted, United" States •furnishes 69 per cent of the world’s off supply.

AMERICAN MANDATE. (Received' this day at 9.30 n.m.) WASHINGTON, May 17. Following a Cabinet meeting,, at which the 'Armenian hiaudate was discussed, it is reported the matter will shortly be laid beforb Congress, which ~ .is expected to vote against accepting it. CANADIAN FINANCE, (■Received this day, at 9.30 a.m.) OTTAWA, May 17.. The Minister of Finance, Mr Drayton. in a speech said seventy per cent of Canada’s imports in 1919 came from United States. Canada’s net national debt was approximately • $1,935,000,000, and revenue for the' fiscal year 1919 totalled $588,000,000.