AMERICAN ITEMS

Hokitika Guardian, 28 March 1930, Page 5

AMERICAN ITEMS

SNOWBOUND CHICAGO. [United Press Association.—By Electric Telegraph.—Copyright.] CHICAGO, March 27. The city of Chicago is paralysed by the great snowball, which has reached to a depth of eighteen inches. Thousands of persons are snowbound in their houses and offices, and transportation is completely demoralised. The surface car facilities have been snowed under, with over twenty thousand men unable to make a dent in the packed snow on tlx* tracks. Poli'-e details are guarding all of the transportation stations to prevent crowding, which injured many yesterday.

LUMBER DELEG ATION. <Received tin's dav at noon.) VANCOUVER. March 27. British Columbia lumber dolceatioi which returned by the Aorangi fron Australia,, announced it will immediately proceed to Ottawa to urge -iat the Australian Treaty be not abrogated. It will urge that the agreement be enlarged and preference given to Canadian lumber. Major Andrews said the delegation was given a splendid reception in Australia and New Zealand. VANCOUVER, March 27. Major Andrews said he believed Aus-

ralian business men were so keen for trade within the Empire that they would be willing to grant preference to Canada equal to that given to the Old Country. He asserted both Australia and New Zealand were keen on organising British Dominions on the Pacific, with a view to trade within the Empire. All regarded the unfavourable trade balance with the United States as unsatisfactory. It would be the height of folly to destroy the Australian Treaty.

STOCK MARKET. NEW YORK, March 27. The stock market experienced a second successive major trading day with a sale of approximately five million shares. The great rush erf biisfo ness produced an irregular trend. Small investors returned in greater numbers than at any time since the break in the autumn. Prices shot up, eased and advanced again, with profittaking. Towards the close each bulge of prices found the tickers so far behind, that many sold stocks because they were unable to keep track of the market movements. Bulls found inspiration in the tremendous actitvities and strength of the leaders of all groups. Many new high levels were made in the course of the day, and despite attempts by bears to bring a reaction no great pressure could be discerned and the attempts broke down., Individual stocks mot with stubborn resistance. Steel common touched a new height, 193£, and • dropped slightly. Some made wide gains, the highest being scored by American telephone, telegraph, electric power lightli, consolidated gas ; general gas, electric Pacific lighting and others. CANADIAN POLITICS. OTTAWA, March 27. In the Commons, J. L. Llsle.v, Liberal of Ontario, took part in a debate on a progressive motion to abrogate the Australian Treaty and Conservative’s amendment to revise it. Llsley declared the agreement had proved to be in the best interest of both countries and should be maintained as at present. The debate was marked by assertions from progressive agricultural benches that there was a definite trend among farmers in favour of protection.

T. W. Bird (Progressive) warned the Government that if it desired to ..retain support of the agricultural party it must protect agriculture and assist in reducing the cost of production of farm products. The indications arc for variable and moderate breezes. There is a prospect of fine weather, days bright and nights cold. The barometer lias a rising tendency and little movement shortly. Seas moderate. Tides poor.