AMERICAN ITEMS

Hokitika Guardian, 11 March 1930, Page 5

AMERICAN ITEMS

U.S.A. SLUMP.

[United Press Association.—By Electric Telegraph.—Copyright.]

WASHINGTON, March

A careful study of the prevailing business and employment conditions has convinced President Hoover that the worst effects of the Wall Street Stock Market crash in November'dast, in the form of the reductions of business activity and a reduction of > employment, would have passed off within from 30 to 60 days.

Chairman Leggo, of the United States Farm Board, expressed the opinion before the Senate Agriculture Committee to-day, that the bottom had been readied in price declines of agriculture commodities, and an improvement was in sight.

N.Z. BUTTER. OTTAWA. March 7

Referring to the matter of a New Zealand trade treaty, Hon Air Dunning declared in the House that the Conservatives wore getting the dairy •Vinners .worked up about the question, arid they were at the same time 'conveying the impression that Canada contemplated closing her trade channels with Now Zealand without action. He remarked that the Imperial Economic Conference was going f o be held in London in September and then declared: “We would like to approach that conference with our sister dominions without having hit one of them over the head 1”

RUM RHYMER. CAPTURED. NEW YORK, March 9

A grim battle between a steel armoured rum I’oat and a coast guard cuttpr on Lake Erie ended with the capture of the rum boat, and its crow of two men. During the battle the cutter was rammed in the middle and one rum runner was critically wounded. When the ship was fired upon by the coast guard one pounder and 'rifles wore captured. The ship is a sixty-five foot vessel and contained sixteen hundred cases of alleged beer and whisky.

CANADIAN TARIFF. OTTAWA. March 10

Higher duties on New Zealand buttcu and eggs is regarded as assured •••■Vi- -"in new treaty to be negotiated. The National Dairy Council recommendations at the Tariff Board hearing are understood to have won tlit* approval of that body. The budget is likely to include increased British preference on a number of commodities with more rigid regulations as to British origin of materials used. as was recently demanded regarding British cotton goods.