AMERICAN NEWS

Hokitika Guardian, 23 March 1928, Page 3

AMERICAN NEWS

(Australian Press Association A. Sun.) EXCHANGE SAM-; RECORD. \Ketfcivecl this day at 12.25 p.tn.) MOW YORK, March 22. It transpires that to-day broke 13th. -March record with the .sale of four nn'lliu'n seven thousand three hundred shares. This is the first time more than four million shares have heeu sold in one day in the history of the exchange. MIXED U.S. POLITICS. (Received this day at 11.0 a.m.) WASHINGTON', March 22 The assertion is even living made that Mr Coolidge “henefitted from it all.” It is moreover only too obvious that the Republicans now lack the central figure around whom to rally, such as Air Coolidgo in 1924. His third pronouncement seems furtlier to strengthen the belief that lie will not run again, and better sectional feelings and enmities that his personality kept below the .surface are now clearly cutting cleavages in the Republican ranks, 'flic Republicans are frankly frightened.

Senator Robinson of Indiana, yesterday launched an attack on Governor Smith in an attempt to show the Democrats themselves are not free from the oil taint. Robinson alleged Sinclair who is noted as a. rising man was appointed to New York Racing Commission several years ago by Governor Smith. 'Democratic Senators who came to the support of Smith while. Robinson is unsupported by any Rerpublienn colleagues shouted. “Birds •of a feather flock together.” Republicans in fancy charges of corruption are hampered by disunity. They are hardly likely to keep the campaign at a high level and enraged by the onslaughts of delighted democrats, their campaign is not an appealing epecteale or one likely to be clearly understood abroad. Conditions in the Democratic party are also not too good, since their traditional inability to agree among themselves is still alive to-dav. There is, however, a drift towards forgetting differences by reason of the fact that Democrats see their chances to attain more to-day are brighter than in many presidential years. It is interesting to note that Senator Harrison led the defence of Smith yesterday. ATississippi which Harrison represents, has been notedly anti-Smith hitherto. Tt is too early, however, to predict that the Democrats can overnight become a unified party, but above all these considerations remains the fact that the American people will during the next few months he treated to the spectacle of much, raking on an unprecedented scale. STOCK EXCHANGE. NEW YORK, A Tan'll 22. Tremendous trading continued on the Stock Exchange sales reaching 3.927,600 shares, which is the second largest day in the history <of the exchange, and lm slightly under the four million share day reached on 13th. Alarch. Heavy buying continued in such issues ns General Motors, General Electric and Happ Motor, all reaching new peaks, hut the upward movement hos been definitely arrested in late dealings, when heavy profit taking caused large recessions from the high levels in a long list of issues. This is the tenth consecutive day that over three million shares changed hands. STUDENTS STRIKE. VANCOUVER, March 22. Fourteen hundred students are now involved in the strike at Kingston. Ontario girl students are unaffected. The Senate announced it will stand firm.