AMERICAN ITEMS.

Hokitika Guardian, 25 October 1923, Page 2

AMERICAN ITEMS.

AUSTRALIAN ANU N.Z. CARLE ASSOCIATION. BRITISH IMMIGRATION. NEW YORK, Oct. 23. The British Immigration quota lor the United States for the present year is likely to he filled by November 3rd. Tlie United States officials look for an unprecedented rush of immigrants from the British Isles to America, as soon as the November quota opens. The total quota from Britain for the year is 77,310, at the rate of 20 per cent monthly, and up to this date 1i.1.572 have been admitted. Cable advices indicate that enough Britishers to more than complete the- total are now ready to start in a race to Ellis Island. Probably many of the newcomers will be turned hack. The officials believe that Ihe dosing up of immigration altogether into America for the remainder of the year would serve to turn the trend of British migration towards Canada. A BAD SIGN. NEW YORK, October 23. The news from Germany continues to have an adverse effect on the foreign exchange market, which shows great sensitiveness. Upon the opening of the market, sterling leached f dollars 17f cents, which represents a seven per cent decline in seven weeks. The market. however, rallied towards the end of the day. sterling gaining L 7.8 cents. French francs have lost propoitionatehmore than sterling.