AUSTRALIAN NEWS.

Hokitika Guardian, 30 June 1924, Page 1

AUSTRALIAN NEWS.

AUSTRALIAN AND N.Z. CABLE ASSOCIATION.

A WOOL REVIEW

SIDNEY, June 28. Jhe Australian wool year which closes on Monday stands without equal in past records. The local selling has been characterised by a singular absence of marked fluctuation in the demand for the staple product. The f|tis*iitilies available for sale in AusOtilin dropped ten per cent, which was responsible lor n decided lift in prices in January and .March. In the past year, about fifteen shillings per head wits obtained for wool, compared with 12s in the previous year. At the Sydney sales this prices ranged from 291 pence to l(U pence, compared with Soil to 33 Jd in 1921-22. Of the wool exported Irnin Sydney, Franee received most. Britain's importations dropped ten per cent, while the imports into continental countries and Japan increased.

OUAK E NEWS. -MEI.BOURNE, June 28. The examination of the Seismograph records confirms that the centre of the earthquake was a little south of MacQuarrie Islands. It is stated the motion recorded is considerably greater than in the case of (he Japanese quake. A telegram from Townsville, states Singapore radio station is broadcasting a message that the steamer Torilla reported having observed thick muddy water, probable the result of a volcanic erupt ion in the South China Sen.

FIRE INQUEST VERDICT

INVERCARGILL, June 23

An inquiry was held before Magistrate (Tuickshanks regarding a lire at the British Imperial Oil Coy's store. Alter lengthy evidence his Worship said In' thought the lire must he accounted for by the theory of the inspector. namely, that ii was caused by a cigarette butt burning through Smith’s pocket on to the door. There was no negligence on the part of the Company. NIAGARA’S ESCAPE. SYDNEY. June 29. The Niagara nearly went ashore in Darling Harbour, in avoiding a cargo steamer oulward bound. At one point she was within twentylive yards of the shore, but skilful handling by the skipper averted the accident. VICTORIAN POLITICS. MELBOURNE. June 20 Negotiations have commenced between the Liberal and Country Parities for the formation of another composite -Minislrv.

DEMOCRATIC CONVENTION. MELBOURNE. June 20 Fearing disorder ami possibly bloodshed, the managers of the Democratic convention tailed to discuss the Klu Klits Kl:m plank in the presence of the crowded galleries, and agreed upon a plan tor a separate session to-night from '•which all bill delegates and newspaper men will be e.wlnded.