AMERICAN CABLE HEWS

Hokitika Guardian, 11 August 1928, Page 3

AMERICAN CABLE HEWS

Australian Press Assn.—United Service WHEAT PRICES DROP. (Received this day at 9.30 a.m.l CHICAGO, Aug. 10. The publication of the Government crop report, which estimates that the yield of spring and winter wheat will be 891 million bushels, an increase of twenty millions on the previous estimate, caused an early excited selling at five and a half cents, and closing at four cent’s lower. WINNIPEG, Aug. 10. Following Chicago, wheat prices broke badly and filial prices were four cents lower. HUGE EXPORT OF CARS. WASHINGTON, Aug. 9. Australia, which occupied fourth position during May, 1928, ns n market for American passenger automobiles, assumed second position last •Tune, Canada being first. In June the automobile exports -from the United States totalled 45,851,000 dollars, representing an increase of nearly onefiftli per cent, over the same month last year.

CHICAGO DISCOVERY. NEW YORK, Aug. 9. The echoes of radio signals of a nature that is inexplicable to scientists, but which are promising to reveal new knowledge of the strata. 200 miles above the earth, and to aid in solving the condiions affecting long- range radio work, are being recorded nightly in. the University of Chicago. Dr Barton and an assistant have l;een photographing peculiar multiple signals between nine p.m. and foui a.m. They believe that tlie atmospheric conditions of the geographical North Pole, the magnetic pole, and. the Aurora Borealis regions are responsible for the echoes. Using an oscillograph, to picture low length waves coming from Germany, South America and California, these two physicists have caught after effects to the main signals which can-’ not he explained by the fact that signals often go round the world, because they occur from one-hundredth to four-hundredths of second after the main signals, which is too short for 'the circum-terrestrial path. The scientists state: “The vibrant wave which we are recording apparently takes n*n excursion of several thousand miles from than the direct path from the transmitter to the receiver. This path is unknown, and we are classifying our data in the hopes of co-ordinating them with the phenomena in, or above the earth’s surface, which are capable' of bending or reflecting waves along paths shorter than the great circle of the earth.

CANADIAN FINANCE. VANCOUVER, Aug. 10. A message from Ottawa states that the revenue for the first four months pf the year has increased thirteen

millions. The expenditure has increased by four millions. The total revenue" was 168 millions and expenditure 107 millions. Population is estimated at 9,630,000, an increase of 139,000 on last year.