AMERICAN CABLE NEWS

Hokitika Guardian, 1 February 1928, Page 3

AMERICAN CABLE NEWS

By Telegraph—Press Assn., Copyright. U.S. SHIP BILL. WASHINGTON, Jan. 31. * Jones’s ship bill was passed by the Senate and now goes to the House. The measure would restrict United States Shipping Board in selling Government vessels and would encourage Government o|>cration ot merchant marine. U.S. STEEL CORPORATION. (Received this day at 9.30 a.m). NEW YORK, Jan. 31. For the first time for many years, United States Steel lias reported a deficit of 4,693,499 dollars for the fourth quarter of 1927, after payment of its common stock dividend, as compared with a surplus of 15.950,470 dollars in the fourth quarter of the previous year when regular dividends were declared. CHURCH DESTROY ED. OTTAWA. Jan. 31. Metropolitan Church. Toronto, one of the finest edifices in Canada was destroyed by fire. 'Pile damage is one hundred thousand sterling. CAXADIA N ELECT!ON. OTTAWA, Jan. 31. Sir Robert Borden was elected President of the National Council of Canada Institute of International Affairs and John W. Dufgoe, of Winnipeg, Vice-President. CANADA’S NAVY. OTTAWA. Jan. 31. On February first 11.M.5. Torbay and Toreador will be transferred from the Royal Navy to the Canadian Navy service and renamed 11.M.5. Champlain and Vancouver. SHIPPING MOVE. WASHINGTON. Jan. 31. The Shipping Board has deferred action on Commissioner Teller’s proposal to end Swnyne Hoyt’s operation of the American-Australian Orient line, cabled on 17th January. Tt is believed the Board will continue Swayne Hoyt’s contract until the line is sold. Bids for purchase will he opened here on 10th February.

MISSING SUBMARINE. WASHINGTON. Jan. 31. There, is still no report as to the reason for lack of communication with the Submarine S 3. FTtF-iB STATE PRESIDENT. OTTAWA. Jan. 31. Air Cosgrave stated to-day that l' ltC ' State representation at Ottawa was not a question of securing a man. accident retort. OTTAWA. Jan. 31. Railway officials and mounted police state the wreck of the Cosgrave train Limoges, Onltar.o, was due to «c -i dent. One train passed ove. switch which the Presidents train travelled over forty-five minutes Intel. Plot fears have been dispelled, lint the guard has been increased. M CAUSE OF ACCIDENT. OTTAWA. Jan. 31. It has been officially established that the wreck of the train on which Mi Cosgrave was travelling was due ton team of horses drawing a heavy 'n ging sleigh, bolting from the loading station. The sleigh runner jammed m and wedged the switch open and the train went through and becom derailed.