AMERICAN ITEMS.

Hokitika Guardian, 14 November 1928, Page 5

AMERICAN ITEMS.

TIMBER COMPETITION. .United Press Association—By Electric Telegraph—Copyright). VANCOUVER, Nov. 13. British interests have purchased the controlling interest in Western Lumber Coy. paying General A. D. Mcßae .V.l’, approximately two million dollars for his holdings in all the "Western Lumber Companies. The new owners intend to seek Australasian trade. LABOUR AND DEFENCE OTTAWA, Nov. 13. Replying to a request by the Alberta section of the Canadian Labour Party, that the Government abandon the plan to purchase two new destroyers. Commander lto.se, Director oi Naval Services, stated' the vessels were replacements. not additions. 1 hey will replace the obsolete Patriot and Patrician. The vessels are ot a defensive character with a live thousand .mile endurance limit. WHEAT YIELD. OTTAWA, Nov. 13. Canada's 1928 wheat yield is estimated by the Government Bureau ot Statistics at 500,613,000 bushels. NEW YORK EXCHANGE. NEW YORK, Nov. 13. Stock Exchange sales were again around the live million mark hut the record was not broken. 'l'he tickers wore only half an hour behind today, and trading was more orderly. United States steel was a leader on, the up side, with a new high point of RiS, which did much to steady the entire list. Many good advances were made, especially in copper.