AMERICAN CABLE NEWS

Hokitika Guardian, 10 September 1928, Page 3

AMERICAN CABLE NEWS

Australian Press Assn.—United Servioe NEW YORK BUYING. NEW. YORK, Sept. 7. Stocks soared on tho market to-day under the. pressure of heavy buying, influenced by only a slight increase in tlie brokers’ loans for tho past week, coupled with an easier tone in tho money market. Mail order stocks led tho field, two which experienced nearly a twenty point rise in loss than half ail hoar.

United States Steel stock reached a now 1928 high level, being sought at 158 at one point, while- several additional steel issues sustained sharp rises.

Considerable confusion was catisot by the inability of the ticker to keel pace with the trading. It ran thirtyfive minutes behind during the hcaviost rash.

Tho total trading was nearly five million shares. Call money was renewed at seven and n half per cent.

MIGRANTS IN CANADA. OTTAWA, September 8. The Canadian Department of Immigration and Colonisation has issued a statement to the effect that 328 British harvesters, who left Winnipeg on Wednesday last, will return. Some of them are not returning because of a lack of employment, hut becauso they are organised opposition to accept employment at four dollars per day, and some of them are unfitted for harvest work. Their return is in accordance with an understanding between tho Canadian and British Governments in connection with the transfer to Canada recently of several thousand Britishers for harvest work.

A message from Edmonton, Alberta, states: A complete categorical denial has boon given to charges that were made by the “Catholic Herald,”' of London, that British miners who were sent out as harvesters were being used for strike-breaking in Canada, and that one committed suicide. The result of their activities has licen cabled to that newspaper by Mr David Kirkwood, Scottish Member of Parliament, after a thorough investigation. The Empire Parliamentary Association arrived at Edmonton to-day en route for Vancouver. Viscount Peel declared that, as far as lie could learn, the great majority of the harvesters were securing work for fair wages and were satisfied with their experience thus far. It must ho 'expected that there should bo some misfits, and consequently it was inevitable that there should be somo who were dissatisfied. JIo said that the movement of British harvesters fo Canada had been in the nature of an experiment.

COMMUNISTS BLAMED. WINNIPEG, Sept. 9.

The Immigration Department and the Dominion Police are investigating a report that an attempt on the part of Communists to discredit the 'movement of harvesters from Great Britain, exists The police believe that the origin,ator of the movement is a Communist from Motherwell, in Scotland. A meeting of harvesters in sympathy with the object in view is reported to have boon held in a Communist Ha'll -here on Tuesday.