DARING ROBBERIES.

Timaru Herald, Volume CXXIII, 17 March 1926, Page 5

DARING ROBBERIES.

SENSATIONAL DOINGS IN NEW YORK. By Cable—Press Association—Copyright. Australian and N.Z. Cnbla Association NEW YORK, March 14. Whiie the Metropolitan Retail Jewellers’ Association announced that plate and retail jewellery stores would close for one day as a protest against the inadequate police protection, and the demand for increasing the force by' 25,000, one of the most sensational, diamond burglaries occurred at the busiest street corner, live armed men robbing a jeweller, and escaping with 100,000 dollars worth of gems. Tho unending increase in banditry resulted in the announcement that the National Bureau of Casualty and Surety Underwriters would increase by 15 per cent. the rates on burglary insurance on residences and hotels, bringing the figures in sonic instancesto nearly four cents on the dollar. - It is -pointed out that even with.the increased rates, brokers have found it difficult to place risks, since companies are accepting only a limited number. Insurance men say little loot is being recovered, because the thieves are dis. posing of goods through “fences” and pownbrokers.