AUSTRALIAN

Hokitika Guardian, 24 January 1922, Page 3

AUSTRALIAN

VUHTRALIAN AND N.Z. OABLB ASSOCIATION.

WOOL SALES. (Received This Day at 8 a.m.) SYDNEY, Jan 23. At the wool sales there was a large attendance of buyers and competition was very keen. Record prices were realised for comebacks, Bradford paying twenty-four pence. LOAN rushed. MELBOURNE, January 24. The Water Boards 6i per cent' loan of half a million for new work, with a currency of six years, was rushed and oversubscribed. QUEENSLAND LOAN. BRISBANE, anuary 24. It is understood that the Government are negotiating for another loan of millions, redeemable in five years. AIfIWWHEBE AUSTRALIA. (Received This Day at 11.30 a.m..) SYDNEY, January 24. In reply to an agitation in favour of using coloured labour in Northern Territory, a movement has started to form North Australia White Settlement Association, the objective being to keep the territory All White. The project will ultimately involve big immigration and colonisation schemes,i butj initial activities aim at ascertaining and removing the causes of failure of previous attempts at land settlement, to secure better transport, facilitate the establishment of suitable industries, and provide conditions to make it possible for white women and children to live comfortably in the territory.

THE BARQUE’S CARGO. SYDNEY, January 24. The owner of the Helen B. Sterling states she carried a cargo ,of twentyfive hundred tons of coal. Neither vessel nor cargo were insured. The estimated loss is fifty three thousand sterling. Just before departure she was docked and thoroughly overhauled. The owner regards the loss as unaccountable. News of the rescue of tho crew relieved widespread gloomy forebodings. COPPER MINE CLOSES. ADELAIDE. January 24 Owing to the continued depression of the copper market combined with the high .cost of production Wallaroo Moon ba Smelting Coy., announce they aro unablp, any longer to continue the heavy financial losses and are closing down until tho position improves. A large number of men will be rendered idle. ITALIAN WARSHIP. (Received This Dav at 10.15 a.m.) SYDNEY, Jan. 24. The Italian warship Libia, lias arrived. It is making a world’s cruise occupying two years. CLOSING DOWN. SYDNEY, Jan. 21. It is stated the Broken Hill proprietary Company’s steel works at Newcastle will he closed down unless a substantial reduction of wages is conceded. Thirty-three per cent is mentioned. It is alleged the Company at present are selling the products at. cost of production. NINE DAYS FORTNIGHT. SYDNEY. Jan. 24. Tho coal miners ballot on the nine day fortnight proposal closes to-dav. There is reason to believe that lho vote will be adverse to the proposal.