CABLE NEWS

Feilding Star, Volume XVIII, Issue 4590, 16 May 1922, Page 4

CABLE NEWS

j SOME GENERAL ITEMS

(By Etectrio Telegraph.—Copyright. (Aust. and N.Z. Cabk Association

' Sydne3, May 15. ' Mr Sheat, tlio Australian. Trade Commissioner in the East, has outlined a comprehensive scheme providing for Australia, securing trade with the East. The scheme provides for tho furnishing of Australian exporters with lists of goods most in demand and the countries from which they are now supplied. On the propaganda side, it provides for the establishment of showrooms in all tho main strategic centres of trade. i The Hon. Mr Ley, referring to the growth of Communism in the Labour movement, states that at present there are men in the movement who are deliberately aiming to bring about a general strike as the prelude to a revolution. The Cockle Creek roasters and smelters have closed, owing to lack of ore, duo mainly to the decreased output of the Central mines at Broken Hill. j Dr McLean, who was surgeon, in i charge of the Mawson Antarctic expedition, is dead. i Melbourne, May 15. i A meeting of gasworkers decided ' against striking, pending a lawful \ settlement of the dispute. I Brisbane, May 15. In the Arbitration Court, Mr Justice McCawley, delivering judgment |in the application of the Graziers' Association for a variation of the I shearers' award, said he found nothing in the evidence to lead him to ■ alter the ruling rate, which is 40s por I 100 sheep. [. Hobart, May 15. j A fire destroyed Crisp and Gunn's timber yard. The damage is £25,•000. \ - Perth, May 15..

The biennial elections for the Legislative Council were marked by small polls. The returns' are too incomplete to indicate anv result. Sydney, May 15. Tho Herald, dealing with the Federal Government's 1 tef subsidy, say; everybody in the industry is gratified. The scheme has bean accepted by all sections, but it is recognised that it is not going to transform the cattle men's position from depression to prosperity in one act. An expert, working out the cost on the new basis, estimates that tho price paid for prime cattle on stations in Queensland will be at £3 10s per head. Even this low price is better than nothing, and will enable the cattlo men to dispose of their surplus stock, allowing for station expenditure, killing and other charges. The Herald says that even with this scheme in working, it appears likely that the industry will be several million pounds on the wrong side of the balance for the incoming season, without considering possible losses from drought and disease. Queensland cattle men realise that there is a very hard time ahead unless the English market improves or the cost of production is further reduced. The position of the New South Wales cattle men is regarded as little if any bettor than Queensland. The Herald adds that in all States the cattle men have received such a setback (luring the past two years that the view is strongly held that in future no ootintry suitable for sheep will run larger stock. It is considered that tho time is not far distant when Quenseland will be running 30 million sheep, or nearly twice the present number, by displacing the equivalent of cattle. Washington, May 13. Mr J. P. Morgan lias sailed for Europe to confer with bankers regarding an international German loan.

Tokio, May 13. The Foreign Office announces that Japan has no intention of making a separate treaty with Russia, but veil! abide by the result of the Genoa Conference, Sydney, May 14. Tw French-military prisoners who were being deported to New Caledonia for life, escaped from the steamer Andromeda at Newcastle. J Melbourne, May 14. ! A slight shock of earthquake was ecorded at the observatory. Thet o

centre was about 1860 miles away. Perth, May 14. One of the first motions to be discussed in the Legislative Council at the forthcoming session will be to ask for a referendum regarding the advisability of the §tate taking steps secede from the Federation . \