AMERICAN ITEMS.

Hokitika Guardian, 21 May 1920, Page 2

AMERICAN ITEMS.

fliy Electric Telegraph*— Co lyright.) AMERICA AND MEXICO, WASHINGTON, May 19. " The proposed appointment of Villa as the chief of Mexican constabulary, may result in the withholding of U .litod States recognition of the new Mexican Government, because Villa is held responsible for the murder of Americans during the bandit raid on Colombia in 1916. REPORTED CAPTURE. WASHINGTON, May 19. A message received from Houstbn,% Texas, states CarranZa has been o.ip- , r tured. Unconfirmed reports declare General Obregon immediately forwarded passports aned ordered the ex-Prcsident to leave the country immediately. REDUCED PRICES. NEW YORK, May 19. In connection with the reduction in prices the newspapers are filled with advertisements of special sales. The reasons given are the slow spring season, and tho public doing little purchasing, leaving merchants stocked-up, and the tight condition of the money market. Whether lower .prices have .arrived permanently is a question. A leading Chicago merchant states the reductions are intended to satisfy the. hysterical public demand for. lower prices. There has been a general decline in stocks in Wall Street and f tther extensive selling of Liberty Bonus at low levels. Sales before noon approximated four million sterling at par. FEDERAL ACTION. WASHINGTON, May 19. Governor Harding of the Federal Reserve Bank Board recommends all .banks to liquify all credits extensively which is permitting large stocks of merchandise to lie held for speculative purposes. Congressional action is expected with a view to driving foodstuffs from storage. AMERICA AND EUROPE. .. WASHINGTON, May 20. It is Stated that the Allies need not count on the United States giving further financial aid in the liquidation of foreign war debts. There is a determination not to take part in the Allied Premiers’ plans, outlined at Hythe. (The United States is not in favour of the imposition of fresh taxes. 1 Lack of transportation has prevented the liquidation of a large portion of last year’s American wheat crop, and threatens to delay the movement this year.

REDUCING PRICES. NEW YORK, May 20. A wave of price-slashing is sweeping the country. The productions are chiefly noticeable in men’s and women’s wearing apparel. Many other manufacturers. will follow suit. The hanks notify tlie makers of nonessential goods that they will receive only very limited financial accommoda- ■» tioii in available stocks and bonds. Tlie commodity markets are highly nervous and have sagged. • A heavy victory bond stock liquidation has set in. The wholesale merchants assert the move cannot be maintained. AMERICA’S ATTITUDE. 1 (Received this day at. 10.35 a.m.) WASHINGTON, May 20. It is stated Mr Wilson and Cabinet on Tuesday decided that the Allies,and Germany must \vork out their financial recovery without further United gjtates opposes capitalisation of Germany’s ;n----demnity obligations. , i FATAL FIGHT. (Received this day at 8.40 a.m.) , NEW YORK, May 20. Seven detectives, three miners, one agitator and the Mayor were killed in a revolver fight at Matewan, West Virginia. The trouble arose over the attempted ejection from their homes of the striking miners families by detectives. The shooting became general, , but the situation was quieted early in tho night, VALERA’S REQUEST. (Received this day at 8.40 a.m.) NEW YORK, May 20. Valera in a cable to Arthur Griffith, Dublin, urges Irish Nationalists, particularly women, to go. to the polls at the elections next month to exposo the falsehood circulated by British propagandists that the desire to uphold an Irish Republic is weakening.