AMERICAN CABLE NEWS

Hokitika Guardian, 22 April 1927, Page 3

AMERICAN CABLE NEWS

[Australian & N.Z. Cablo Association.] 0 THE DAN K If AT E. ■, (Received this day at 10.15 a.in.) NEW YORK. April 01. The Bank of England's lowering ol the discount rate is regarded here in authoritative <|iiarter.s as a prolialile forerunner of similar action l»y the Federal Reserve Bank of New York. The close approximation !>< tv.ccn the ojMin market rates and New York hank rates on London, is considered a circumstance likely to induce tin- action. RAMSAY MACDONALD. WASH INC TON. April 21. “We’ll follow you as long as we can, and as far as we can in your Rood work.”- stated ex-l’remier MacDonald to-day speaking t > Mr Coolidgo, on whom lie called at White House, ■■ "predicting Britain would support the United States disarmament conference. PANAMA IfKQI KST. ~ WASHINGTON, April 21. Alfaro, Panama’s diplomatic representative here, delivered a note to-day to the State Department, requesting a report concerning the seizure of the Federal ship, and information regarding the status in view of the decision of the San Francisco court. -< IMMKN.SK flood DAM.UIK. NEW YORK. April 21. Thousands of men have heen conscripted to bravo the storm sweeping down the -Mississippi Valley, advancing oil the crest of the greatest floods in the history of the river, to strengthen the dykes which have s > far protected the southern lowlands, laudations caused uiiestimntod millions of dollars worth of damage further north. The devastated states are, Missouri, Illinois, Kentucky, Mississippi. Tennessee, Louisiana and Texas. The hardest hit is Arkansas, where epidemics of contagious disease is the latest calamity menacing refugees. Half a section of the railway bridge over the Arkansas River at Littorock was carried away with a rock-laden train which failed to hold the structore down. The Red Cross there is issuing an appeal to-niglit for hoots and lifesavers. It is said that hundreds of families will he drowned within the next, few hours unless rescued.