AMERICAN ITEMS.

Hokitika Guardian, 7 November 1929, Page 5

AMERICAN ITEMS.

U.S.A. ELECTIONS

MAYOR. WALKER’S BIG MAJORITY. (United Press Association —By Electric telegraph—Copyright*)NEW YORK, Nov. 5. Mr Walker, the Democratic candidate, was re-elected Mayor of New York, over the Republican and other candidates by a big margin. In' Virginia, the Democrats have elected Mr John Pollard as the Governor of the State.

WHEAT PRICES BREAK

(Received ibis dnv at II a.m.) NEW YORK, Nov. 6

The Chicago wheat prices broke again near the close to-day, aftei the midday railway raised the prices above yesterday’s. The break is attributed to the weak stock at the close and the Canadian pools announcement that they were unable to make payments on the 1928 wheat, showing they still had a surplus. The nearness, of the December ’prices to the limit set by the Farm Board had a stabilising effect. Export sales were reported larger. Wheat closed, December 1204 cents, March 127} cents, Alav 1303 cents.

STOCK MARKET. {Receive' 1 this, dav at 10. JO. fi.m.l NEW YORK. November 6. The Stock market dropped another ten billion dollars in values in a short three hours’ session when traders throughout the United - States dumped their holdings. Prices shot downward causing scenes of frenzied trading. There was only brief support which failed towards the close. The market opened with a sharp break, when theie came a. brief recovery which was merely a lull before the actual storm of selling which was carried on almost unabated until tire final gong. United States Steel headed the drop. Several of usually most stable leaders dropped ten to tlu’-tv points, including General Electric, General Motors, John Manville, New York Central, American Tt ole-phone, AVestinghouse, Electric Radio Corporation and others.

Aleantime Air Hoover issued a proclamation from White House setting aside 2?th November as Thanksgiving Dnv. He declared: “Both Capital and Labour eninyed exceptional prosperity” and “ assurances of peace abroad and at home have been strengthened and enlarged.”