AMERICAN ITEMS.

Hokitika Guardian, 9 March 1929, Page 5

AMERICAN ITEMS.

AUSTRALIAX SECURITIES

SLUMP AT NEW YORK

(United Press Association—By Electric Telegraph—Copvngnt).

NEW YORK, March 7

With rather large sales o f 108 thousand dollars worth of Commonwealth four and a half per ccnr stocks, on the Stock Exchange here today, the price fell from 87$ to 84$. thus being the lowest that this security has reached, closing at 85$. An inquiify disclosed fjhat \a single parcel' of 150 thousand dollars of these bonds was sold by one financial house, possibly if or the closing of an estate, and thus caused the price to soften accordingly. There apparently was no other discernible cause for the drop.

CANADIAN PRETEXT. (Received this day at 8.30. a.m.) OTTAWA, March 8.

Criticism of the Australian Treaty is levelled bv Hugh Guthrie, in the Commons. He declared the Treaty had proved a positive injury to Canadian dairymen and a benefit to dairymen of New Zealand. The Government had absolutely neglected to safeguard the wage earner Unemployment could l>o cured by a stroke of the pen and the exodus of young Canadians to United States be stopped. The immigration problem could be settled by merely altering the fiscal policy of the Government. Last year 350 million dollars worth of goods were imported that could have been produced in Canada.