AMERICAN ITEMS.
LATEST CABLENEWS
[Reuters Telegrams.]
CANADIAN WHEAT CROP. OTTAWA, July 14
Preliminary estimates of the Canadian wheat crop by the Bureau of Statistics is 150,000,000 bushels less than last year’s crop. It is estimated that this year’s crop will be .'118,000,000 bushels, compared with the 1923 crop of 17-1,109,000.
EXCIIA NGK RECOVERY. NEW YORK, July 1. Sterling, following -a month’s unsensational climb, gained four cents, reaching -lAS .’l-8 cents, thus being only two cents below this year’s highest level. ■, The franc rose fractionally, reaelting 5-10 cents. The lire rose 4 3-10 . cents. Bankers attribute the sterling rise to London's higher money market, and a widespread belief that the British bank rate will lie advanced. The dominant factor is that of optimism regarding the impending Reparations Conference, some observers asserting that the strength of the European exchanges is a pre-discount to Lite unsuccessful termination of tho Allied Conference, which is likely to -
make a preliminary announcement of an international loan for the economic stabilisation of Germany.
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Hokitika Guardian, 16 July 1924, Page 2
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166AMERICAN ITEMS. Hokitika Guardian, 16 July 1924, Page 2
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