FOOD PROFITEERS.

Auckland Star, Volume L, Issue 209, 3 September 1919, Page 7

FOOD PROFITEERS.

oveb.-r.eace: themselves. 1 stocks going to ruin. (Received 9.35 a-m.) PARIS, September 2. ' "Mr. H. C. Hoover. American Food Administrator in Europe, says that the high cost of living is largely due to intense speculation, food dealers in America and elsewhere cornening foodstuffs in order to make Izrge profits owing to the anticipated demands from Germany, A"ustria, Hungary, and other European Powers. Large stocks accumulated in European ports -were now* at danger of spoilins owing to inability of th« potential purchasers to obtain credit. — (A. and NX CabiQ.) It was imperative that the L'nited States should extend to Europe credits of £600,000,000* in order to provide n market for the American food surplus. (A. and N.Z. Cable.) FCPE AND DEMOCRACY. RECESSES -DEPRECATED. (Received 10.45 a.m.) ROME, September 2. "flic Pope, in a letter to the French bishops, discussing the growing tendency towards Democracy among the various nations ais a. re=uft of the wax, deprecates excesses which are finally detrimental to the workers t'iem=s."ves. The Church had always befriended those in distress, hence the bishops should favour the claims of the Proletariat, but within the limits of justice and honesty. Gatiluolics were exhorted to unite among them- j selves and with their fellow-citizens. (A. and N.Z. Cable.) CHINA'S INTERESTS. '" | AN AMERICAS* ALLEGATION. (Received 10.10 a.m.) TIENTSIN, September 2. The French Legation emphatically denies the allegation made in Washington that Britain. France, and Japan bad concluded a secret agreement prejudicial to China's interests. — (A. and N.Z. Cable.) BOXING IN BRITAIN. A WIN FOB FULTON. (Received 10.45 a.m.) LONDON, September 2. Fred. Fulton, the American heavyweight, knocked out Townley, one of the Fnglish contenders for the heavy-weight c.bainpionihip. in the first round of their match at the National Sporting Club.

At Syracuse, O'Dowd, the ex-Aus-tralian boxer, outpointed Ted Lewis in _ ten-round match.—(A. and N.Z.)