AMAZING DRAMA

Ashburton Guardian, Volume 50, Issue 96, 3 February 1930, Page 5

AMAZING DRAMA

FINANCE IN CANADA. arrested brokers released. TOO BIG TO BE DISCIPLINED. > averting national panic. (United Press Association— Copyright.) (Received! This Day, H;° a -™-> ' VANCOUVER. February 1. Canada tins week watched an amazing financial drcta >" the threatened wreck loomed . - widespread that the highest lav, -1 JffiXtf the Dominion were obhged to come to the rescue oMug> placed people they had 3«st attacked.

In one forenoon- five leading brokerage houses were raided and 11 of the principals "jested. (AttorneySSssS 53T Whangc “Stackers would l,c readmitted to The AttS'-General was forced to trading, there would be a panic +v,o liniirotected stocks of thousands of Safnft £ briers tally not h-J Sess against the Government of °On,"taly enough the Government of Manitoba also found itselfim « g' „ + _ rvne;itioii and .protested \loienxlj S STSJS

prosperity is entirely dorvpndent upon a stabilised whea,t puce. Two leading brokers were carrying m l“S whSTrelchTSte lowest point

f Noon on Friday saw the situation •’ w here 10,000,000 bushels of wheat - would have been dumped on the maike W The Premier ‘of Manitoba announced that the Sources of. the ernment would step .into th ® . d the price away under thiee sh , l , ” I °Q ntar i o V On Saturday morning the On*^, police r ® le^ e rthe S whe f at market and r?ri& the cablegrams announcing a advance overnight. ■ r , . n _ The week finished with the Govern ment Srs coming to the realisation that some business i? sometime too bjg to be disciplined without tar ana expected results.

STOCK EXCHANGE DEFIED.

MILLIONAIRES’ TRADING

VANCOUVER, January 31. mL of two more firms is » W A«a,‘ iV'f^ Tlitt latter Ims closed all its Lving Sastatocm and other without jny « ' b tK. T | ' s n hlok „ s th. Stock Kxchange.^tj on was cruised at Calvary when the suspended milhonaue Messrs I. W. Solloway and D. 1. lat terson appeared at the Stock Ex£=S?£f f 2SS II 1 * JeSmS The drive is likely to compel legislation banning all except cash trading in St At**Ottawa, the provincial investigator compelled one firm to pay all stock sold in a dubious mine.