AMERICAN ITEMS.

Hokitika Guardian, 26 August 1929, Page 5

AMERICAN ITEMS.

AMERICAN BUCKET SHOPS.

(United Press Association—By Electric To legr a pb—Copyright).

NEW YORK, August 24

The District Attorney’s office estimates‘tipster houses and fake brokers cost the New York public eight millions sterling annually. Postal authorities recently started a drive against them and a hundred such organisations folded their tents and disappeared. The New York Telephone Company told officials its revenue was reduced by £4090 daily since the bucket shons were closed, which gives an idea of the tremendous business they were doing.

LEAD OUTPUT. (Received this day at 11 a.m.) NEW YORK, August 26. The New York “Herald-Tribune” financial editor states:—“The leading American and Australian lead producers have entered into an agreement looking to the stability of world prices, better' control of markets, and the regulation of production. It is learned from official sources that' important British banking. interests and agencies, who market the Australian produce,’ will, under this plan, co-operate with the Spanish smelters and the American bankers are acting in a similar, capacity for the American,lead group.”