AMERICAN CABLE NEWS.

Hokitika Guardian, 31 December 1925, Page 2

AMERICAN CABLE NEWS.

[Australia «fc N.Z. Cable Association.] RUBBER MONOPOLY. WASHINGTON, December 30. Mr Hoover, in an interview voiced an urgent plea for the co-operation of the American people “Hooverising” rubber, lie declared that the United States would he demanding eight dollars per bushel for wheat and seventyfive cents per pound lor cotton if they followed the example of Britain in boosting the prices of rubber. “Our job is to use as little rubber as possible,” Mr Hoover declared. “ I have enlisted the support of automobile makers aml other rubber users ill a campaign to reduce rubber consumption. We are not in the midst of a genuine rubber famine, but a purely artificial one, created by production restriction made for the purpose of advancing prices.” lie added that his plan included the following objects :—First to discourage hankers to give American credit for tlie support of British combinations; second, a systematic campaign of the conservation of rubber when the prices are extortionate; third, to stimulate the production of rubber in the countries where price-fixing is not so likely; fifth, to institute properly controlled machinery to prevent American rubber buyers from competing against each other.

WHEAT PRICES JUMP.

NEW YORK, December 29. Jumping as much as seven cents per bushel, wheat prices at Chicago oil Tuesday established high records for the season, following on Mr Hoover’s comment at Washington that if the I nited States sold wheat in exchange for British rubber, tlie price, based oil the ratio of production, would be eight dollars per bushel.

MAN WHO EXPOSED OIL SCANDALS.

WASHINGTON, December 29,

The High Court of Appeals has dismissed indictments charging misuse of office by Senator Wheeler in connection with (he oil permits cases (cabled April Bth, 1921), thereby ending tlio cases begun as the result of Senator Wheelers’ prosecution of the Senatorial investigation involving tlie Department of Justice in April and May of 1921.

THE ARCTIC FLIGHT. •NEW YORK, Dec. 29. Mi I kins, in an interview, said his association witHi the Detroit Arctic. Expedtion did not mean that lie had abandoned his Antraetic plans involving an Australian and New ZetiSJad Polar Pacific expedition which is leaving New Zealand about Octolter, 192<], as he expects his Arctic work will be completed before then. All profits he was able to save from the Arctic would be used in connection with his Australian and New Zealand or a substitute expedition. The machine he used in the Arctic flight would afterwards lie used in the Antarctic, taking the place of “N. 25.” for which he had negotiated, but which lie had failed to secure, owing to the lack of Australian financial support. Steffnnson, interviewed, stated the Arctic flight would he of great benefit in the further work demonstrating that the Polar air conditions are no worse, and are possibly better than those elsewhere. He said that the Poles are not the barren, ice-covered wastes which explorers have long known ; but it will he necessary actually to demonstrate the fact to convince the public and to arouse interest in the support of the further exploration and development of these regions.