BRITISH & FOREIGN NEWS

Hokitika Guardian, 6 July 1926, Page 3

BRITISH & FOREIGN NEWS

[Australia & N.Z. Cable Association.] A WILD SPEECH. LONDON, July 5. The Railway Companies, Government nnd Air Baldwin were bitterly Jittackcd by Dobbin (President of the National Union o 7 Railwaymen) ,n a speech at the annual conference of the union at Weymouth. He said the genera! striko had roused tho class consciousness of the workers whose spirit on the ninth day of the great fight was better than on tho first. Tho Railway Companies were determined to make the niilwaymen pay the penalty of their strike losses, but I,2 fore long the men would demonstrate that the temporary victory of the employing class was only the prelude to a great working class triumph. Dobbie denounced Mr Baldwin as a dangerous hypocrite, saying he talked of his real contemplation of the pig, but lie appeared to have learnt more from the fox, gaining liis ends by posing as a friendly disposed opponent. PRESIDENT COOLIDGE. NEW YORK, July 5. At Philadelphia to-day, in an address at tho Sesquicentennial Exposition commemorating the 150th. anniversary of the Declaration of Independence, President Coolidge said : “We live in ail ago of science abounding in the accumulation of material things. These did not create our declaration, our declaration created them. Things in spirit come first. Unless we cling to that all our material prosperity, overwhelming though it may appear, will turn barren the sceptre in our grasp. If wo are to maintain the great heritage bequeathed us we must be like minded ns our fathers who created it. We must not sink into pagan materialism.” WHEAT PRICES. . LONDON, July 5. * Wheat cargoes are firm tending in sellers’ favour. A better enquiry for parcels at 3d advance. EXCHANGES. (Received this day at 11.0 a.m.) LONDON. July 5 Foreign exchanges:—Brussels 18,887, Paris 18,000, Stockholm 1814, Oslo 2214, Copenhagen 183, Berlin 20-12, Rome 13,912, Calcutta 17 15/16, Yokohama 23 1/8, Hong Kong 27 .3/8, Montreal 485 3/4, New York 486 5/16, Amsterdam 1211 5/8, Batavia 1205}. WOOL MARKET. LONDON, July 5. Bradford shows a slightly better tone for merinos. Crossbreds show no improvement. DEMAND FOR DIAMONDS. LONDON, July 5. Thero is an enormous demand for unset diamonds, resulting in the entire depletion of stocks iat Holljorn Viaduct which is the headquarters of the diamond syndicate, and heavy purchases from the continent, mainly because in time of' an economic crisis diamonds .are still the most reliable form of portable wealth.. New offices are rapidly being constructed on behalf of a syndicate to accommodate more conveniently the demand which experts declare will increase.

THE LAST HOPE. NEW YORK, July 5. What seemed the last hope of averting a strike for highfer wages for foremen and switchmen on the city’s principal subways at midnight was disappointed to-day when the officials of the Inter-Borough Rapid Transit Company declined to transit the commissions arbitration offer.