TELEGRAMS

Hokitika Guardian, 29 October 1920, Page 3

TELEGRAMS

[FEB PBEBB ASSOCIATION. —OOPYBI6HT. SUGAR WORKS STOP. AUCKLAND, October 29. The works at Chelsea Sugar Refinery are suspended owing to coal ihortage caused, it is stated, by the Government ■djivartinig' twenty-one thousand tons destined for Auckland. valuable propeilty. AUCKLAND, October 29. Smeaton’s Buildings, with 90 feet frontage to Queen Street, a. four storey brick structure was bought by Winstone’s Ld. for one hundred llousind. The price for the land alone represents i nearly £BOO per foot. ! ’ stocks in bond. AUCKLAND, Oct. 26. The quantity of goods in bond in Auckland is reported to be greater than ever before. All four public bonds are packed, and space had had to bo refus_ ed for customers. The chief cause of i the trouble is increased importations, ! especially of spirits, tea, and tobacco. Other heavy lines held arc tinned fruit and fish, and the total value of bonded goods is considerably increased by a : fairly large number of motor-cars. Speaking of the excessive stocks held by and for some importers, a business man said the reason was that when coni signments ordered a considerable time I ago did not come to hand repeat orders I were sent, and now both lots bad arrived. In other eases buying was much I heavier than it would have been had I those concerned anticipated a fall in * prices, and a slack market. Recently 1 the representatives of importing firms of other towns had been in Auckland endeavouring to sell various lines but they were disappointed, j Another business man said that the 1 distribution of soldiers’ gratuities last year created a false idea, of the spending power of the people, and that somo of the importations intended for this year’s Christmas demand have been based on this false standard.

CUTTER LOST. AUCKLAND, Oct. 29. The cutter Kiwi, owned by Burns, Philip aRd Coy., was totally wrecked at Haupeva on October Ist. No lives were lost. RHODES SCHOLARS. AUCKLAND, Oct. 29. Auckland University has nominated for Rhodes Scholarship W. T. G. Airey, M.A., and P. O’Neale, B.S.C.