MISCELLANEOUS ITEMS.

Hokitika Guardian, 12 September 1923, Page 3

MISCELLANEOUS ITEMS.

LATEST CABLE NEWS

AUSTRALIAN AND N.Z. CABLE ASSOCUMON. CALCUTTA SHAKEN. BY SEVERE EARTHQUAKE. DELHI. September 10. Fiftv persons were killed, and many houses collapsed in the Mynicnsingn district, when Calcutta City was severely shaken by an eurtnqunke at four o’clock this morning. IRAK COMMISSIONER. Received this day at 9.-15 a.m.) LONDON, Sept. 11. Sir Henry Dabbs lias been appointed High Commissioner for Traq in succession to Sir Percy (ox. A CORPORATION’S TROUBLES fRK.ut I:rs Tla.Kon.vMS.] (Deceived this day at 9.25 a.m.) LONDON, Sept. 11. Tho latest < ity sensation is a convocation mooting of shareholders in the Commercial Corporation ol London with issued capital of two and a quarter millions, to consider voluntary liquidation owing to the tad lhai one <0 the shareholders is petit inning for a compulsory winding up. The assets consist principally of holdings in industrial coinpanj,. s which arc seriously affected by the slump and their depreciation in value IS reflected by the fact that the Corporation’s one Douml shares arc quoted at only a few pence, though the directors consider that il the assets are nursed by forming a bolding company 11 11 -v will be eveiitiiulv appreciate. The “Daily Chronicle” states that behind the Commercial Corporation there is a romantic figure, a director named Clarence llatry, 11 young liiuincier. who had a rapid rise. His huge deals iong dazzled tin- city. He is aged HI and commenced business at the ago oi 23 as an insurance broker, and later lie became a financier on a large scale. One of his first efforts win to reorganise the City Equitable Fire Insurance Coy. 11is greatest venture, however, was the acquistioii of the Commercial Bank ol London. whose business suffered through ihe effects of the war. llatry and his friends acquired a bulk ol the shares since then, lie negotiated numerous deals, involving millions. In 1920 he purchased the world’s Jiiggest jute factory owned by the Cox Brothers of Dundee, and following it by the purchase. of live other jute businesses, involving a total oi eight and a-hall millions. For a while everything Hairy touched prospered, then trade oepies--iun followed.

LARGE AUSTRIAN FRAUDS.

(Received this day at 9. f> a.m.) VIENNA. Sept. ID. Thirty thousand million crowns revenue frauds are alleged against Austrian officials ami others. Ihe police have arrested twenty, in addition to thirty-four men limits and agents, charged with unloading and selling ot lucre consignments of bonded ioreign merchandise, entering Austria ostensibly for re-export. Some of the conspirators arc prominent \ ieuiia w.iulos;;let's and thov resold to retailors who were enabled to sell so cheaply that suspicion was aroused that duty me not been paid. THE COTTON MARKET. NEW YORK, Sept. H). Colton, due to lower crop estimates hv private sources, rose to the highest point for I lie'present year ill the local market ami New Orleans, though the gains were lost here helore the day s trading ended. October cotton rose to I wentv-scveii ami a hall cents in New York, and twenty-seven anti threequarters cents in New Orleans. The day’s trading in New York showed a final gain of twenty-live points and in New Orleans a hundred points. ( niton has risen approximately seven cents in six weeks. EC Ll!’9 if OF THE SUN ( "Sydney Sun" Cables 1 . (Received this day at 12.15 p.m.i NEW YORK. Sept. 11. The total eclipse darkened the heavens of Southern California at noon. Army llier.s soaring far above the clouds tti San Diego look photographs: 0! the sun from the air. the first time in the world’s hi'torv. Two planes ai-t,-lined a height of four mile-. Several were Hying in the centre oi the great shadow, photographing the eclipse lull ic its face. Others attempted to take motion pictures of the shadow while it was speeding at twenty miles a minute across the lace ol the cunh heiow.