AMERICAN CABLE NEWS

Hokitika Guardian, 26 March 1928, Page 2

AMERICAN CABLE NEWS

By Telegraph—Press Assu., Copyright. PI! PS 11) i:\TI AI. NOM) NATION. NEW VOPK. Mari-li 24. .Miicli inicrc" t has been amused 1 1 y the statement Irum the Seel cl ary •>!' tile Inlorinr, Air Whirl;, that Air ||oover now has enough probable votes ( i secure his nominal ions in ihe first Presidential ballot at the Reiuibliean Xu t ional Convent ion. .MEXICAN (tFAKK. MEXICO CITY. Alareli 24. Four are dead and numerous persons wore injured in an earthquake on "Wednesday night. SHAME Make FT BOOM. XFW YORK, Alnrch 21. The customarily well groomed Wall Street broker is undergoing a remarkable change as the result of the Stock Alarket experiencing a record-break-ing rally. The broker has been pushed about (he leading lloor for thirteen days in a frenzy to execute an unprecedented volume of orders, and the pressure is beginning to toll. .Many of the less lit brokers have already dropped out. and have left the city for a vacation, making ihe work even harder for those remaining. These brokers have made an appeal for merry from the floor of the Exchange. To-day they petitioned the (Inventors of the Exchange for a triple holiday, asking them to rinse the doors on Good Friday, and on Faster Saturday. hut uo action has yet been taken. The records have disclosed that since the foundation of the Stock Exchange of .Yew York, in the year 1702. until •fa unary Ist last, there had only been eleven three million dollars share days. Thu-, the present boom has broken all records. Each broker's commission has averaged SIM) (John's daily during the boom, with total sales of approximately forty-four million shares. ATT YET! IT DEATHS. MANAGEMENT'S FAULT. OTTAWA. "March 24. A message from Timmins, Ontario, states that a Coroner’s jury, after inquiring into the Hollingor Aline fire disaster, in which thirty-nine men lost their lives, charged the management and tin* operating executives with gross negligence I'qr permitting rubbish to he dumped on old stopes. WHOLESALE WATERING MOVE. NEW YORK, March 2d. One of the largest pieces of internal financing of Ilie American hanking institutions is indicated in the National City Bank’s announcement that it will increase its capital stock from seven-ty-live million dollars to ninety million dollars. Each new share will ho issued and sold to the present stockholders at four hundred dollars per share, and as the shares of the National City Bank are now selling in the open market at 8-10 dollars each, it will mean the distribution of many millions to the present stockholders. Aforeover. the bank, with its combined capital and surplus of 24.1 million dollars will far exceed tile wealth of any private hanking institution in A merica. CAMPAIGN FOP PRESIDENCY. (Received this day at 8 a.in.) YEW YORK. -March 24. The first touch of gaiety in the political campaign comes with the announcement that a committee of noted musical artists headed hv .Madame Gallichtirei, lias been formed to support the presidential campaign of Air Hoover. Madame Galliehurci stated there was a belief that musical folk are not practical folk. This obviously was untrue. Therefore the support id leaders in musical art in an important pollieal campaign is significant. “We agree that lie is no politician hut it would he a good tiling to have a President so beloved and respected by otliey nations as lie.’’ AAIKPICAX POLITICS. WASHINGTON. -March 24. Bill Thompson's anti-British virus lias penetrated to Congress where Representative Black offered a resolution asking for an appropriation of five thousand dollars to conduct Congressional investigations into American history hooks, to determine if any anti-American bias exists, due to the influence of foreign propaganda. He said il their histories were tainted with British propaganda as charged, steps should he taken to remove the taint. Senator Hale (Chairman of Senate Nava! Committee) and Senator Oddie ranking as Republican member thereof, 1 conferred wtih President C'oolidge today on the Naval Bill. Hale declined to say what tile attitude of the Senate would he toward the House’s Bill, but Oddie stated the Senate appeared in favour of more cruisers and additional aeroplanes, and for that reason he thought the provisions of the Bill would he increased. Democrats and Independent Republicans in the Senate are reported to favour the House Bill.