BRITISH & FOREIGN NEWS

Hokitika Guardian, 21 July 1925, Page 2

BRITISH & FOREIGN NEWS

[“Tire Timex” Sekpick.] TO CEASE WORK. LONDON July 18. .Fidlowing a long conference of textile Elliotts at Bradford it was annonneed that all operatives are to cease wotk on the 2Ath., unless in the meantime there is some move by the employers. Over a quarter of a motion workers will he atteoted. WOOL SALES. LONDON, July 18. At the woo) stiles there was a splendid selection of breusy era.ss-bred.s, an animated market and prices firm. Merinos were unchanged. ' At the sheepskin sales there was a large attendance and good competition, wit it a fair American demand. Merinos compared 'Atli May sales advanced live per cent, tine eros.s-brecl.s 5 to 10. medium 10 to LA. low A to 10. Burry inferior sorts were irregular. NAVAL PROGRAMME. LONDON. July 19. The ‘'Sunday Express” lobbyist affirms that Cabinet is likely to favour slight modification in the Admiralty programme and. also hopes to counterbalance some of the new expenditure by economies. It will review the position of till the dockyards and the rates of pay of the naval and air forces.

STATUS QUESTIONED. LONDON. July 19

A surprise was i a used at the present at ion of trophies won at the Stamiord P,ridge Athletes meeting, when it Wits ainiotmeed that the medals won by the American. Murchison, for 1(X) and 22K yds. would be with-held, pending investigation into his amateur status.

.MONEY MARKET. LONDON. July 20

The ” Morning Post’s” financial editor says:—The outstanding fact in the money market is a remarkable change in the monetary situation and the improved tone ot the market for high class investments, due to the un-

expectedly extensive and persistent character of the gold intlux. This has added so much lo the hank reserves atnl to the Hunting credits in the market that it is impossible to maintain a live liar c.etil hank rate. Naturally the market lor gilt-edged stock is sympathetically a (reeled, especially as the knowledge that large Colonial borrowings arc being shared with the United State has had a stimulating influence. The English portion of the Australian loan appears rather cheaper than tho American. The London market, while glad to he relieved of the task of absorbing the full amount, is glad that the Australian Government is not turning to New York, instead of London, and flint the entire operations are in the hands of the linn responsible for

earlier Australian notations. There is every likelihood of more gold arriving ing the near future, which is a favourable point for. the gilt-edged market.”

IMMODEST dress. LONDON, July 20. The ‘‘Daily Mail's” Rome correspondent says: ‘‘The women aristocrats are i olJnbor.il ing with the Vatican in tt campaign for the reform of immodesty in dress. They are opposing short .skiits and sleeves, low necks, bobbing and shingling, and also smoking. They are urging the abandonment uf tho Parisian fashions in favour of a stylo that Italian genius will evolve.

A GLASGOW SENSATION. " LONDON July 19. A seiisatiniitil happening is reported from Glasgow. Ephraim O’Connor, a prominent Orangeman, endeavoured to pry into the doings of some Communists. He was accepted as a probationer. Eventually the Communists became suspicion of him. and at it secret meeting they accused him of trafficking in their secrets. They drafted an indictment, and they ordered him to sign it. O'Connor counterfeited a. signature. Tlte Communists discovered it is rus-e. unci they improvised a courtmartial. and ordered him to run tho gauntlet id' uv<j rows of delegates, by which he was severely pummelled. 110 retaliated so furiously that the Communists called the police, who arrested O’Connor, but subsequently released him.

OIL SUPPLANTING COAL. I,'OXDOX July 19

Mr J. IF Thomas, AFP., speaking at Birmingham, pointed out that two hundred thousand of the present unemployed miners would probably never be. re-engaged at the mines, owing to oil .supplanting dual. He pleaded with the coal owners and the men to confer so as to avoid a long and hitter struggle. The mining conditions were scamla'.k'u.s, The owners could not he more provocative if they hud been madmen. Al B Al A CLOCK’S VIEWS. LONDON July 10. At Bromley in the course of a dem-misti-atioii by the locomotive engineers Alt’ .Mullock said: “The capitalist system is crumbling before your eyes. It Is in its death throes. The capitalists have ruined Europe. They are not prepared to pay. It is necessary to stand firmly against any reduction in wages. Hold out to the last- ga.spi”

DKVASTATKIN IN KOREA. iFee.'ived this day at 8 a.m.) TOKIO, July 20. Details of the Korean Hoods indicate vast properly .damage. There is a comparatively small loss of life, which is estimated at below one thousand. The river at Seoul rose forty feet, wiping out the towns of Byusan, Niriido, Xaho. the Byusan station almie standing, the water being ten ieel over the floor. The roof was ja ndied with refugees. Three hundred passenger and freight ear- were submerged in the yard on Sunday morning. The water is receding an Inch an hour. Six thousand residents in To to were rescued by rafts at Oitomo. Three thousand were cut oif on the hill top, and two hundred were perched in trees. Seoul is without lights, trains, telephones and drinking water. Nine thousand houses were destrovl’orty thousand are sheltering in the schools and temples. Troops effected thousands of rescues. I KCOXOAIICS IN ABMV. LONDON. July 20. The “Daily Express’’ says; —The Ministers are seeking a compromise on the cruiser building question. Probably an agreement will he reached without resignations. The Committee of the Cabinet, suggests a saving which eventually will total at least four millions per year by reducing the pay of the future recruits for the army to the extent of twenty per cent, those for the navy fifteen per cent, and those for the air force bv ten per cent.

REVOLUTIONARIES GIVE IN. LISBON July 20. All the revolutionaries surrendered this morning after much shooting. Martial law has been established throughout the country. The Government threatened to horn bard the Vasco De Gatnn if it held out. Thereafter the cruiser surrendered unconditionally in the afternoon. The situation other"•ise is normal,