GENERAL CABLES.

Hokitika Guardian, 9 December 1927, Page 2

GENERAL CABLES.

(Uy Telegraph—Per Press Association^ COMMERCIAL. LONDON, Dec. 8. Tallow is in poor demand and sales were not held. WOOL SALES. LONDON, Dec. 7. At the wool sales 10,183 bales were offered, of which. 6,092 were Australian and 4,017 New Zealand. Miscellaneous selections of merinos including many second-hand and avetuge offering of greasy crossbreds, mainly speculators lots, a small ofteiing ot slipo.s and scoureds. Good - competition at late rates was maintained.

NEWS BY' RADIO. LONDON, Dee. 7. Telegraphic advice received at London from Java report as highly successful a first experiment in transmitting a press news service by radio telephony from The Hague. Not only the receiving stations in Java received the messages, hut newspaper offices at Caori, Bombay and Shanghai, which previously had boon. warned, also listened in. Tlie Java office report that the first two sections were good, whde the third one was excellent, oven the speaker’s voices being recognisable. The experiment lasted for two hours, and the listeners say the reception was equal to the local town telephony, and was liotter than the inter-town calls. A speed of sixty words per minute was maintained.

SINGAPORE DOCK. LONDON. Dec. 7. The fifth section of the Singapore floating dock has been launched at Swan Brothers’ yard at Wall send. There are two remaining sections v which will be launched in a few days. Each will he tested separately before the sections are joined into two main sections for towage to Singapore. Three million rivets, and twenty thousand tons of steel have been used in building the dock. TIN FAMINE. LONDON,. Dec. 7. Commenting on Mr Asquith’s speech on June 12th last, Mr E. J. Bvrne. who is the initiator of the tin restriction scheme, says; “In three years tlie world’s tin mines will be exhausted. and the end of the supplies will lie in sight. The price will reach such a figure as to preclude consumption. The only way to. prevent tin becoming dearer than gold is to control the price, instead of the owners selling to the refiners at prices automatically governed by those of refined tin, which should not have anything to do- therewith. Therefore, I propose that the mines control the supplies, and thus stabilise prices.”

ANTI-BRITISH STUNT. NEW YORK, Dec. 7. Chicago reports that Mr John McKoown, a prominent business man there, has stated that Mayor Thompson’s anti-British campaign has caused Chicago manufacturers to lose orders totalling 1.500,000 dollars. Mr MeKeown said he was informed by an Australian purchasing agent that a large Australian order, principally for radio equipment, has been placed in America, but not in Chicago, and, as a result, the Chicago radio manufacturers are thoroughly aroused. Mr McKeown mentioned another instance of a New Zealand business man who said that self-respect would not permit him to buy in a city that is so thoroughly anti-British as Chicago. - Air McKeoWn added that the same feeling was general throughout the British Dominions.