HOOVER’S MOVE.

Gisborne Times, Volume LXVIII, Issue 10741, 12 November 1928, Page 5

HOOVER’S MOVE.

IMPORTANT DIPLOMATIC TOUR

PROPOSED GOODWILL VISIT TO SOUTH AMERICA. CAMPAIGN FOR~TRADE EXr - ‘ • ; -PANSION. . United Preiß Asen. by El. Tel. Copyrlebt (Australian Praia Assn.i (Received Nov. 11, 5.5 p.m.) WASHINGTON. Nov. 10. Ifie proposed good-will visit by Mr Hoover on an American battleship to South America before his. inauguration as President, is considered here one of the most important diplomatic moves ever undertaken bv an American President-elect. There are few precedents for such an understanding, but it is emphasised that America is growing aware of the necessity for bettering her relationships • with Latin America. The United States’ embargoes against Argentine meats, fruits and corn have engendered considerable ill-feel-ing in that Republic, and unquestionably ; endangered the American market for manufactured goods. The United States has never held a favorable position in the South American market, and Mr Hoover’s visit is considered preliminary to an expansive movement by .American manufacturers to compete with British and German producers for South American trade.

STOCK EXCHANGE STILL BUSY

NEW SATURDAY TRADING RECORD. . United Pres* Assn by El. Tel. Copyrlgb* (Aaitrali&n Press Association.! (Received Nov. 11, 5.5 p.m.) NEW YORK, Nov. 10. The Hoover boom, which has been in progress on the Stock Exchange ever since the election, continued even in a short Saturday session. The total sales, 3,278,000 shares, established a new Saturday trading record. The tickers, as usual, were far behind the market, and brokers are" already beginning to show the strain of the past few days’ feverish activity.