AMERICAN ITEMS.

Hokitika Guardian, 11 February 1929, Page 5

AMERICAN ITEMS.

LOANS CALLED IN. NEW YORK SHADE SLUMP. (United Press Association—By Electric Telegraph—Copyright-'. NEW YORK, Feb. 10. As the result of calling in some forty million dollars in loans by tbe banks, tbe call on the money market has, advanced from six to nine per ecut during the day. This iiiclmvd heavy selling on the Stock Exchange, and the market suffered several sharp breaks, with a recovery towards the close, the stocks ending well below yesterday’s closing prices. and in many cases near the year’s low level. There were losses up to above eight points in individual stocks. The trading was approximately 4,o0!I.G00 shares. AMERICAN MERCHANT MARINE. WASHINGTON. Feb. 10. The; Shipping Board accepted a Sixteen .Million Dollars Bill for tlie Merchant Marine. 'Hie action, however, is not final, as it will doubtlessly be reviewed by tbe .Senate Commerce Committee. BASEBALL. NEW YORK, Feb. 11. Dclmonte Freebooters and Midwicks meet to-morrow in the opening “high goal fiat event.” Dillingham, with an in goal handicap, suffered a fall at a practice game this morning, and it is feared that he might not be able to play with the Freeh oters. It was e neein-| dated substituting Beveridge as four-goal man, but Dillingham to-night declared himself lit and will play. The Freebooters are handicapped 22 goals and Midwiek 23. Under eliainponship rules, however, the teams play even.

AMERICA AND CHINA. NEW YORK, Fell. 10. The Tillies of Washington says the abolition of American extra-territorial riglis in China have been under consideration by .Mr Ke.h.-gg during the past fortnight. He has been conferring with Minister Rose, and while no decision lias been reached, Mr Kellogg has shown the greatest sympathy towards •Miiiin’s desire to free himself of the system. It is understood the Secretary favours a plan for progressive rather Ilian tlie immediate total abolition.