GENERAL CABLES

Taihape Daily Times, Volume XI, Issue 3402, 5 February 1920, Page 5

GENERAL CABLES

DODGING EXCHANGE RATES» T AUSTRIANS VISIT ENGLAND. Received 8.50 am. z ‘ LONDON, Feb. 3. Twenty-five Austrian Ifiauufacture=x~s have arrived in London, bringing £50,000 worth of goods. The money obtained for goods will be used to pur. chase British raw material which Austria. lacks, thus overcoming the exchange difficulty.

CATTLE PRICE RECORDS. AT SCOTCH SALES. Received 8.50 a.m. LONDON, Feb. 3. The world’s records were broken at Perth sales of Aberdeen Angus cattle, vrhcn thirteen hundred guineas were paid for a champion heifer, and twenty-six hundred guineas for a bull. High prices ruled at the sale of Shorthorns at Bristol, when twelve bulls reached three figures. The Prince of Wales’ royal gift brought eleven hundred guineas. aristocratic refugees. IN TERRIB’LE STRAITS. Received 8.50 a.m. GENEVA. Feb. 3. Many noble Russian refugees hero are poverty stricken, and compelled to pawn valuables, vainly hoping for remittances from Russia. Several committed suicide in Lake Geneva, including a baroness, wearing a diamond ring, and a countess, w 7 hose purse contained four shillings.

, EXCHANGE RATES FALL. ANOTHER TWO CENTS. Received 8.50 a.m. NEW YORK Feb. 4. The sterling exchange is down to three dollars 34 cents. FUTURE DEFENCE. [AIR VERSUS OCEAN. Received 8.50 a.m. LONDON, Feb. 3. The Daily Express’ Naval correspondent states that certain forthcoming estimates do not provide for a new building programme. We -are well supplied with ships of all classes for immediate needs. Moreover, experts have not completed exhaustive examination of the war’s lessons. A most important question of policy arises in connection with relationship to the Wishes of Dominions. Advocates of air power will ridicule Jellicoes’ Australian and New Zealand schemes, /but J ellicoe is. only planning for the next five years, wherein it is inconceivable that aircraft will completely supersede seagoing ships. Expense is the .stumbling block, but we must still be prepared to continue until 1925 naval protection of commerce, shifting the centre of naval gravity to the Indian and Pacific Oceans, which may result in the main main squadrons abandoning British, and even European waters. Jellicoe will be able to advise on this pressing financial problem. i

0 Jellicoe, in an In_terVieW, said he was» impressed «by the Dominions-’

loyalty; they fully recognised that if they maintained their own naval forces it would be necessary to act in close eo—operats.on with the ImperialNavy in the event of War. THE MONEY MARKET. NEW YORK EXCHANGE DEMORALISED. NEW YORK, Feb. 3. The Exchange market was'virt.ually demoralised to-day when the pound sterling touched 3.33%, and the franc and lire dropped to similar levels. The stock market felt ‘the efi'ect, which took the form of a"'break in prices. The sterling: later recovered two points, and the exchange market somewhat recovered firmness. LONDON, Feb. 3.

Gold has been raised forty pence, bringing it to 120/10, due to the New York exchange falling to 3,38, but in the absence of dealings the quotation is nomina.l. Silver is in demand owing‘ to the Indian currencydecision. .-——_.......... V THE IRISH CRISIS. LO\NDON, Feb. 3.- . The Irish authorities have instituted a. new system of mixed military and police patrols. AN OTHER SHOOTING AFFRAY. The Irish authorities have instituted a new system of mixed military and police patrols. Nothing serious occurred at Dublin. Crowds jeering and singing, provoked a street battle at Limerick. A patrol of thirty-two soldiers and seven policemen, accompanied by f2.llks,all(] armoured cars, when beginning the i'oun(l,s in the evening,

were subject to hostile demonstrations, culminating in firing from side streets. The patrol returned the fire and continued their march, when a bullet; from a side street Wounded a. sergeant in the head. The firing continued‘ for some -time. A stray bullet killed a publican inside his house. Another wounded a. young Woman in the stomach, and s'he is in a dangerous condition. An ex-soldier was shot in the leg. Several others were slightly wounded. They were taken to hospital.

AMERICA AND LEAGUE. _———o..__ WAR PARTNERSHIP OVER. ' LONDON, Feb. 3. The Times’ correspondent, Writing from Washington regarding America and the League of Nations, ‘says: “As regards the League alone. these seems no escape from two issues, namely, total surrender of the Wilsonites, involving acceptance of the Lodge reservations, 01' more probably indefinite delays, projecting the League questions into the Presidential campaign. So far as .the public instinct goes it isuselcss at present to pretend otherwise than that America’s war partnership with the Allies is knocked definitely over. Economic circumstances may‘ eifect changes later. Influences that may drag America back into its shell include the revival of parochialism, and absorption in loc.al questions of the feeling that Europe will not work to pull together, and is facing bankruptcy. “An undeniable anti-British campaign is new proceeding, and is the bitterest for years. The Hearst newspapers daily spit venfimous slander. The League of Nations controversy bristles with allegations about the selfishness of Britain’s Imperial policy. “German intrigues are working, "mole-like to rid America. of AngloSaxon influence. The Irish muddle continues to stimulate prejudice, and the whole nation finds the country devoid of out-standing leadership. Roosevelt is dead, and Wilson is now only a shellof his former self. Misunderstandings apart, the result of our enemies’ activities arise from the impression following on Mr Wilson’s attitude at the Paris conference that the war rendered America a sort of political annexe to Europe.” _

.. A BOLSI-lEVIK MONARCH. OPERATING IN TURKESTAN. , Received 8.50 lawn. LONDON, Feb. 3. A so—called Bolshevifi League for the emancipation of the East, has began operations in Tmkcstan, where a pretender to the ancient thrro-ne of Tamerline has appeared‘. The pretender, who of :11? Uzbeg race, says he is a do.<ccnda.nt of Tanuerlanc, but 9. 801shevik. He recenltly entered Samagancl wifh great pomp, and proclaimed the equalisafion of all property rights,, thfen announcefi 'tllat he would lead an army to the Ganges like his great. ‘ancestor, and produced alleged -treaties with the Khanate of Khiva and Tartar, and the Republic of*YAzerb'3.jan, saying he would unite under his sway all 'l.‘ul‘:mian Mfoslems.

BEG EARTHQUAKE. REPORTED FROM BRAZIL. __..... BUENOS AYRES, Feb. 2. An earthquake of unprecedented ‘intensity is -reported from the Minos region in Brazil. U.S. NAVY AND WAR. SECRETARY DANIELS ATTACKS ADMIRAL SIMS. WASHINGTON, Feb. 3. Mr Daniels hotly repudiated Admiral Sims’ allegation that the United States Navy was merely acting as motor lorries to the Anglo-French fleet, and not participating in actual fighting. ‘Admiral Sims’ own records showed that attaélis were made on submarines: and other enemy craft.

THE KANGAROO’S FLIGHT.

LONDON, Feb. 3.

Wilkins and Rendle. airmen. have returned to London from Suda Bay to arrange new port engine for the Kangaroo machine. It is understood the Air Ministry has several suitable engines at Cairo, but it is uncertain vghether the engines will be sent from England or Egypt. The airmen hope to return to Suda Bay in a week and to resume their journey as ‘soon as possible. They travelled to England via Corfu in order to investigate HoWell’S fate. It is umfierslood -there will be no f»u‘rther oflicial investigation into that accident. The author. ities favour the theory that Howell met a. storm when returning to -Tar. auto and exhausted hi-s petrol. The; theory accords with British 11av.'1] reports.