AMERICAN NEWS

Hokitika Guardian, 20 February 1928, Page 3

AMERICAN NEWS

(Australian Press Association & Sun.) AI RPLA NE A CCIJ ) EX TS. (Received this day at 8 a.m.) NEW) YORK, Fell. 18. Two airplane accidents resulted in five deaths. One plane fell in the main thoroughfare of Macon (Georgia) killed the two fliers and one pedestrian and injured several others slightly. A heavy wind blew the second plane against a tower in Columbia, (South Carolina), and two youth passengers were burned to death, but the pilot was tossed clear of the wreckage and escaped uninjured. THE WORLD’S SHYLOCK. NEW YORK, Feb. 15. Mr Session, Yice-President ol the Geraranty Trust Company, one ol the largest banks in America, addressing the Women's Press Club said:—“There is a good reason why Fncle Sam is called the Sliylock among nations, lor Shyloek did not get his back either. We are the world’s creditor to-day. We hope some day to get some of our millions back. Whether we will or not is another question, but meanwhile wo live in hope.” AVitli 1.802,000 shares traded in the Stock Exchange in two hours to-day, being a record for a Saturday market, saw a continuous downward movement of prices. The total dealings for yesterday and to-day were 4,87-1,000 shares, showing losses of five to nine points in speculative issues and two to six points in representative stocks. A rise in tho-rediscount rate and the presence of a large amount of undigested issues, is held responsible for the downward pressure. PA N-AM F.R IC AX (KING R KSB. HAVANA. Feb. 18

The Pan-American Conference shelved the question of intervention in the belief that any further discussion would do more harm than good. It was also decided that jurists representing American Republics meet in Washington within the next year for the purpose of drafting an arbitration convention.