AMERICAN ITEMS.

Hokitika Guardian, 30 July 1924, Page 2

AMERICAN ITEMS.

[Reuters Telegrams.]

I'.S.A. POLITICIANS’ AIM. OTTAWA, July 29. A message from Montreal states the Cniteil States Republican leaders are jubilating at the revival of the agricultural markets, and are becoming eonvineed that in the Presidential campaign they should stress the economic farmers, who lately have been ominously dissatisfied. The Democrats, however, secretly hope their rivals "ill adopt this slogan, believing that it is easily probable that the so-called prosperity came largely to the speculators and only to isolated farmers. Tho democrats, furthermore, cite gloomy figures of lowered industrial production and declined factory employment.

CORN PRICES FORCED UP. OTTAWA, July 29. A Montreal telegram states that, in addition to the rise in tallow ptjiees, the prices ol United States wheat continue to lie over 1.0-1 cents per bushel, whereas the Winnipeg price is ToO per bushel. The latter price is being now investigated by Canadian Government officials, who declare that speettlatois have circulated alarming reports regarding the condition of "Western Canada's crop in order to reap enormous profits, resulting from the last weeks’ rise (cabled July 2-1). The market optimism has likewise caused other grains to rise sympathetically. Maize which is largely fed to livestock, has readied 111 cents per bushel, bringing a consequent increase in the price of live stock, notably hogs, which have reached ten dollars per hundredweight the highest price since 1922. and representing a ga.in of three dollars per hundredweight- within a fortnight. Wheat cargoes are slow. Buyers arc disinclined to pay the current- prices. Parcels are sixpence to ninepenee higher, but they dosed easier.

COTTON I’ll ICES SCAB. OTTAWA. July 23

A telegram from Alontreal says: The rise in the prices of farm products continues unabated. Cotton i.s increasing reaching twenty-two dollars per hale representing a rise of 220 points over the week-end. This aseendnni,v. however has been checked by a Cotton F.xcliange ruling, which halts trading for the day whenever the daily fluctuation totals 200 points. Cotton for October delivery gained over four cents per pound over tin* week end. reaching i ..irly cents per pound. This has caused consternation on the foreign markets and in the spinning centres which fear the effect <>f prohibitive price levels on domestic consumption.

PLAYWRIGHT'S DEATH. 'Received this day at 0.23 a.m.l N'F.W VOBK. July 20. Obituary.—Edward Ilcr.rv I’epl I lavwriter, aged fifty-five.