AMERICAN ITEMS.

Hokitika Guardian, 30 January 1925, Page 2

AMERICAN ITEMS.

LAT EST CABLE NEWS

tUBTB.LUN AND N.Z. CABLE ASSOCIATION. THE RADIO TEST. NEW YORK, January £B. A further attempt to radio to Australia was made at five o’clock this morning. The broadcasting lasted for one hour, and consisted of orchestral 'selections by the Westinghouse Orchestra, also messages by American publishers, previously broadcasted and now reread. The Westinghouse officials have received no further reports from Australia. They will report their attempt at the same hour to-morrow, also on Friday and Saturday. A SWINDLER'S END. CHICAGO, January 28. Leo Koretz, who confessed to defrauding investors of over £1,000,000 5n respect to mythical “oil’ lands at Panama, lias died in prison from diabetes, from which lie was suffering when arrested six woks ago.

WHEAT PRICE SOARS. NEW YORK, January 29. At Chicago the midday wheat quotations were: Alay delivery 205 cents; July 172 cents; and September 150 cents per bushel. Later a spectacular gain of 5J cents occurred on the. Alay prices. This caused one of the wildest trading sessions of the Board of Trade since the War. One carload of red wheat sold in the cash market at 220 J cents per bushel, which is a dollar above the season’s low level. Reports are current that prominent traders have made fortunes in the past three weeks. Included among those mentioned is James Patten, who once cornered the market. Another is Arthur Cutten, who is credited with making two million dollars in a boom three months ago. ' The wheat pit to-day was a scene of squirming, shouting, gesticulating Bedlam. ■Coats and collars were shed and representatives fought to executie orders. The traders insist that these new high prices are the result of the European demand, and are not due to any corner. They contend that Russia, Roumania, and Bulgaria, which normally are exporters, are now buying wheat. VANCOUVER, January 28. Winnipeg reports a sensational rise in wheat prices, which still continues. The Alav delivery figures arc climbing t 0 219 j" cents per lmsliel, and July figures to 218 J cents cash for one Northern deal. Prices closed at 21/5 for July. Heavy buying by the millers. the exporters, and the speculators is reported.