AMERICAN CABLE NEWS.

Hokitika Guardian, 12 November 1925, Page 2

AMERICAN CABLE NEWS.

; Australia A N.Z. Cable Association.] IN WALL STREET. NEW YORK. Nov. 10. A sudden panic, due to u tear of not realising the paper profits made during the recent stuck market boom, has caused the exchange ol 3.-127.000 shares to-day. This number is the highest day's total in history, surpassing the previous record on the 30th of April 190] by Jo. 800 shares. 'There were the wildest scenes with, in the memory of the oldest people as a sudden collapse ol the market during the last half hour found all of YY'all Street’s brokers frantically attempting to execute selling orders from their clients.

The brokers are rushing to exchange in an endeavour to save millions of dollars for their clients, and they rammed themselves into a clawing seething mass surrounding the sales-reeording points. Frantic orders were sent via telephone, hut these were indistinct in the bedlam and were impossible to execute, as the last moment’s congestion prevented all movements. The last hour’s trading totalled 1.051,500 shares, involving a sharp decline, and also heavy losses in those industrial which recently climbed spectacularly. Dili ted States steel trust shares dropped five points in a lew minutes. CANCER ( ERE. TORONTO. Nov. 10. Professor AY. Blair Bell, of Liverpool University, Director of Liverpool Cancer Research, described to the Physicians’ Academy ol Aledieine a successful treatment of cancer by the chemical agent lead. He cited instances of remarkable sue; ess and assured the mein!>crs of the Atademy that 50 or so patients were believed to be "ell. out of two hundred mostly hopeless ease, treated.