GENERAL CABLES.

Taranaki Daily News, 14 August 1922, Page 8

GENERAL CABLES.

“WILD SPECULATION. By Telegraph.—-Press Assn. —Copyright. Berlin, August 9. The Bourse was the scene of wild speculation in mining and • industrial shares, which soared 730 point-s owing to the public gamble, partly as a result of the buying of industrial shares by American, British and French capitalists, and partly due to a realisation that industrial shares have not advanced in proportion to the fall of the mark. AMERICAN TARIFF. Washington, August 10. With the Senate debating the flexible tariff provision in Mr. tyJcCumber’s Bill the Finance Committee offered an amendment providing that, within sixty days of the passage of the Act, the President, after ascertaining the difference in competitive conditions abroad and in the United States, may lower or advance the rates set on any article, providing the total increase or decrease does not exceed 50 per cent, ad valorem. Senators Frelinghuysen and Jones submitted ’ amendments creating commissions to frame tariffs oh a strictly scientific basis, eliminating what each termed unsound political influence. BIG GUNS. Paris, August 10. General Herr, Inspector of Artillery, insists that France, by the use of guns like the big Bertha cotild secure fire control of the English Channel and bombard English inland towns. Britain would simultaneously bombard Lille, Arras and Amiens With a Bertha having a range of 82 miles. The range may be increased to 125 miles, meaning that the ‘ ’lies cOuld bombard Westphalia, Hose, Baden, Wurtemburg, and some parts of Bavaria. THE BALLOON RACE. Geneva. August 10. The balloon Belgica, piloted by the Belgian, Ernest Demuyter, competing in the Gordon Bennett race, which was previously believed to have been lost, landed in a Roumanian village after crossing the Carparthians. It is stated that it travelled the greatest distance, 1300 kilometers and consequently is the winner. All 19 competitors landed. SUN YAT SEN RESCUED. Hong Kong, August 10. Sun Yat Sen has arrived on board the British gunboat Moor Hen and sailed in the Empress of Riissia for Shanghai. THE JAPANESE ARMY. . New York, August 9. The reduction in the annual cost of the Japanese army will amount to 20,200,000 yen. FASCISTI THREATEN ROME. Rome, August 10. Large military forces with artillery have been concentrated at Porto Danzio owing to reports that a Faacisti flotilla was proceeding there, intending to land strong -forces and march in .and occupy Rome.