AMERICAN CABLE NEWS.

Hokitika Guardian, 4 November 1925, Page 2

AMERICAN CABLE NEWS.

[Australia it N.Z. Cable Association.]

IN WALL STREET. NEW YORK, November 2,

Wall Street’s plutocratic stocks, namely those selling at two hundred dollars anil upwards per share, behaved like " wiid-eat ” oil issues to-day when the Stock Exchange witnessed one of the most remarkable speculative outbursts in its history. This rapid advance in the high-priced issues following on heels of the recent boom in the market, brought the public by thousands into the market. Many small speculators, who lost money in some of last week's declines, returned, hoping to recoup themselves. Optimistic reports of business conditions and declarations of extra dividends by the large Corporations, continue to stimulate trading.

SOVIET purchases SHEEP NEW YORK, Nov.

M. Perefer Kowitch. and Professor Michael Ivanov, representatives of the Soviet Commissariat of Agriculture, who recently arrived to enquire into American sheep breeding, have purchased three thousand purebred Rambouillets in the Enited States for export to Russia for the purpose of improving the flocks in the steppe and mountain regions of the Caucasus, Turkestan and Siberia. The representatives declared Russia hopes ultimately to grow all the wool required for her domestic purposes. The first shipment of 1200 sheep have already gone forward to Nogorossick. and the rest will he shipped in the present week. Tito purchase consists or flic greater part of thick rams and ewes. The. Russians are not yet ready to undertake stud operations. The shipments are valued at 259 tlioi:sa ml "dollars. M. IVrefer Kowiich stated it will be necessary io make further purchases of fine wool sheep during the year, and for many years to come, before Russia can prod lire sufficient v.oul to satisfy tile needs of its industry.