AMERICAN ITEMS.

Hokitika Guardian, 22 September 1923, Page 3

AMERICAN ITEMS.

AUSTRALIAN AND N.Z. CABLE ASSOCIATION. A SMACK AT THE FRANC. [Received this day at 0.-15 ti.m.) NEW YORK, Sept. 20. Another extraordinary “get rich quick” scheme which, though still incipient. may rival Rimzi’s inverted financial pyramid, was revealed when a stock brokerage house of German alli- ■ iation sent circulars to a thousand German-Americans, asking them to combine in a movement to undermine the financial position ol h ranee, through causing the downfall of the lraue and thereby assuring tin* Erent b withdrawal from the Ruhr. The circulars declare that this is the opportunity to recoup losses from the fall of the mark and at the same time achieve a patriotic goal. The firm undertakes, on the basis ol a percentage, to sell for its customers francs subject to future delivery. The firm states that the franc which is now selling at live and a half cents, must continue to decline and these sales for future delivery, if in sufficiently large quantities, will force the franc, away down. Thus customers selling the franc for five and a hall cents and delivering when francs arc quoted at one cent, will make many hundreds per cent pro fit.

PRESSMEN’S STRIKE ENDING. (Received this day at 9.25 n.m.) NEW YORK. Sent. 21. The submission to the publishers of a proposal under which the International Union of Presmeii will undertake to man the presses of the city dailies while the local union remained on strike, to-night brought the end <>i the New York newspaper famine in sight. Earle in the day the President, o the International Union suspended the charter of the local union and telegraphed invitations to pressmen m other cities to till the strikers P/ ,ct * s - Members of the outlawed union will be issued cards in the International l ni„n if they desire to return to weak. A COMING FIGHT. NEW YORK. Sept. 21. Wills being tiusuctessful in securing a tight with Deiimsey for the title, is willing to meet Kirpo m the l mUd States. Kirpo. however, wants to b„h ii the Argentine.