AMERICAN CABLE NEWS.

Hokitika Guardian, 5 March 1926, Page 2

AMERICAN CABLE NEWS.

[Australia & N.Z. Cable Association.] AV RESILING. NEW YORK, March 4. At Portland, AI Jvarasick defeated Aloeske in one fall in 27 minutes. Ateeske was thrown so heavily that lie was unable to continue. BUY EMIGRATION. OTTAWA, March 3. A message from Toronto states the Aliuislcr of Agriculture announc'd on Wednesday son lagreement with the Overseas Settlement- Board b.v which three hundred British, hoys would be brought to Ontario, tlieir passage being free, and settled upon farms within the next three months. record slump IN r.S.A. NEW '.YORK. Alarch 3. Stocks experiemod further severe breaks yesterday in the heaviest trading in the history ot the Stock Exchange. Offerings were thrown on. to the market in huge volume, apparently regardless of price. The early afternoon dealings witnessed a repetition o! the demoralisation which occurred during Alomlay’s last hour of trading. A considerable improvement was nnticcablo in the action of the general list yesterday morning, probably as the result of concerted efforts to support the market, but later on a flood of selling orders poured in. It was obvious that the hanking inlersts were buying only on a small scale, tlm-s giving the “hears” a freo hand to push to decline, which they did with enthusiastic aggressiveness, resulting in a. heavy drop, with tumultuous scenes at the close. The sales totalled 3.837.700 shares, thus breaking all records, the previous highest being 3.127,100 shares established on the tenth of November. 1025.

AA’ild disorder prevailed on tho lloo' of the Exchange when the closing gong sounded with the final quotations, the lowest of the day slocks having broken from one to thirty-three points. Breaking all existing records for volume in the history <u lb*' New A ork Stock Exchange. AA'ediiesday's market crashed in H».' lasi hour of trading, despite strong hank support for a number of higher grade industrial and railroad stocks.

It B- estimated that the paper losses from the lii «t big .smash are more than ore billion dollars. The break, coming late on T uesday, shortly helore. the inter-State Common.? Commissions disapproval of the proposed railway merger, was announced in AA a.shinglon. and there is consequently much discussion of the possibility of there having been a leak in this news. DBA* LA AY ON THE OCEAN. AA’ASHINGTON, March 2. Among live treaties to he ratified by tlie .Senate on AA'edncsday are two rum conventliions— one with Spain and the other with Belgium. Similar pads will he entered into with Great Britain and other nations, for the enforcement of the prohibition laws within twelve miles of the United States Coast. U.S.A. EAUAIERS AY ANT HELP. AA’A SUING TON, Atarc-h 3. President Coolidge told a delegation roprese.nli.ng the farmers mf eleven North and Central States on AA'cilnesday. that he hoped that legislation would be enacted at ibis session of Congress to provide die: five agricultural relief.

Predominating in the suggestion lor Mich legislation is the demand for assistance in the disposition of surplus crops.