DIFFICULT DAYS IN AUSTRALIA.

Timaru Herald, Volume CXXV, Issue 18555, 30 April 1930, Page 9

DIFFICULT DAYS IN AUSTRALIA.

Stock Exchange Improves,

FEELING OF GREATER OPTIMISM (United Press Association —By Electrlo Telegraph—Copyrl gh t .) Received April 29, 10.30 p.m. SYDNEY, April 29. The Stock Exchange in Sydney has reopened, after the Easter vacation. The turnover was moderate, but there is a steadier tone. Much interest centred on th Commonwalth loans, in which a general advance beyond the amount of accrued interest occurred. The possibility was freely discussed of a reduction in the interest rate of Government securities and of the new Commonwealth loan being offered to yield a fraction below 5 per cent. An improvement in the wool market and rains in parched reas, produced a feeling of greater optimism.

SYDNEY’S WORKLESS HOSTS. NEW RELIEF SCHEME. (United Press Association—By ESiectrli Telegraph—Copyright.) SYDNEY, April 29. The unemployed relief scheme has been put into operation: 1100 men have started work and the number will be increased by 3000 during the week. All work will be of a developmental character and the men will receive £2 10r. for a week of forty-four hours, with ten shillings additional if they are married.

WORK SCARCE IN NORTHERN TERRITORY.

MARCH OF UNEMPLOYED. (United Press Association- By Tlectili Telegraph—Copyright.) Received April 30, 12.55 p.m. DARWIN, April 29. A hundred unemployed marched the streets of Darwin, and finally locke,d themselves in a room with the Government Resident and Chief Health Officer, and two members of the Advisory Commission. The men then demanded sustenance allowance and certain other privileges which the Government Resident was unable to grant, owing to lack of •money.

The police arrived, burst into the room and dispersed the men, who gathered on the verandah and defied the police. They announced that they intended to remain, there. The police, although unarmed, declared that they can deal with the situation.