AMERICAN CABLE NEWS

Hokitika Guardian, 5 August 1927, Page 3

AMERICAN CABLE NEWS

(Australian & N.Z. Cable Association.) (Australian Press Association & Sun. BANK RATE. (Received this day at 9.30 a.in.) NEW YORK, Aug. I. The Federal Reserve Bank has reduced the re-discount rate to 3J per cent. The reduction followed a similar action by the: Kansas City and St. Louis banks, and was expected by Wall Street. MR .FORD, KING-MAKER. WASHINGTON. Aug. I. A message from Detroit states -VI r Herbert Hoover was endorsed to-day by Air Henry Ford as the logical candidate for the Republican Presidential nomination to succeed Mr CWfidgo. Mr Ford staled the President has made a sincere decision to retire. , DROWNING FATALITY. 25 INVOLVED. MEXICO CITY, Aug. 4. Twenty-five persons were drowned through the collapse of a bridge over the Contempec River, near San Miguel, while they were watching a flood resulting from a cloudburst. PACIFIC CONFERENCE DELEGATES. HONOLULU Aug. 3. The Australian and New Zealand delegations to the Conference of the Institute of Pacific Relations have sailed homeward in the Aoraugi. SPECIAL PRECAUTIONS TAKEN. WASHINGTON. Aug. 4. Simultaneously with police precautions taken in many parts of Europe and South America to protect American Embassies and Consulates from possible violence by sympathisers with Sacco and Aiv/.etti, extra guards have also been posted at the Government buildings here, including the Treasury and Post Office and State Departments. Governor Fuller and others connected in the ease have been given special police protection, hut Judge Thayer, who tried the pair, is at present taking a vacation at his summer homo and has refused escorts.