GENERAL CABLES

Hokitika Guardian, 28 May 1931, Page 6

GENERAL CABLES

SOVIET SUBMARINE SINKS. [United Press Association—By Electric Telegraph.—Copyright.) | y . yv ;. A ' . , ■' MOSCOW. May 27. During tlie Soviet Baltic- IFleefl manoeuvres,/ Sunibarihe" ine/. sank in. deep water, which is hampering raising operations. WHEAT PRODUCTION. y WASHINGTON, May 27. ; Tt’s position ' explained at London.-. Wheat Conference, the Farm Board), will -now intensify its campaign fob. domestic acreage reduction this sum-/ mer and- -autUmhy .'The Board which? ..has repeatedly, s aid that. the cure follow .prices lies in growing wheat equal; to Home consumption needs, lias set;" as uv goal a 'cut of twenty to twenty- ;; five per : centy. of .--winter wheat sown for next autumn. Such _a reduction, officials ..believe,-, plus a cut pf twelve : to fourteen per cent, in the spring, .yvlyeat vpjante.d.. this year,;,^whiy.lt. -niayV; be further reduced hiy .'adverse weather, would he a remarkable stimulus to improved prices. NEWFOUNDLAND FINANCE. SEEKING A LOAN. ST. JOHNS (Newfoundland*. - May 27. The Minister of' Finaucej Air Petoi Ca shin, and.sthe Assefsqivpf Ta xesl All John Sinnott left to-day for Montreal/ to negotiate a loah; for?Newfoundland,'rumoured'./to ;bo five million dollars.

Recently; the bankDof 'MdifttoiilTin;vited tender;,-Tor a-.Newfdii'ndla nd loan of 8 millions, but none wore,, forthcoming.'- - ; A '" " M. BBT AND. ''V- ' PARIS, May 27. Yielding to the pressure of friends, •M. Brio nd ha,s withdrawn his resignation. BRITAIN’S UNEMPLOYED. LONDON, May 26 The unemployed figures have fallen 25,574 during the week end May JBth. •At. present the figures are 2,500,937 ,tlv> lowest for the year. RUSSIAN BUTTER, (The Times). RIGA. May 27. Owjur? fie the butter production by Russia op May 20th. reaching only thirty-five pe» cent."of;.the. amount expected in May, the Soviet authorities ;■ re agitating for a renewed butter