Rio de Janerio, Nov. 10.
Much interest has been aroused here by the announcement that the United States President-elect, Mr. Hoover, is to tour Central and South America before assuming office.
The important "Journaldo Commercio" thinks great mutual benefit will accrue from the visit. This paper stresses the importance of the new American President studying the coffee question on the spot, remarking that the electoral camp ai showed how interested he was in the matter, Tt goes on to express the opinion that direct observation of certain realities are certain greatly to influence a positive mind such as Mr. Hoover possesses.
The "Correio Damanha" recalls that Mr, Hoover, while Secretary of Commerce, made some positive declarations against coffee valorization and considers that unless he re-
Hinquishes that idea he will create a difficult position for the Brazilian Government, which for the first time will have to dissent from the attitude of the White House.
The newspaper "Hornal" foresees the removal of "certain prejudices arising from the obsolete interpreta. tion of the Monroe Doctrine" through Mr. Hoover's visit Reuter, To Sail Next Monday New York, Nov. 1
Mr. Herbert Hoover, the Pre-ut-elect, sails from San Pedro, California, en November 19 for'
South America.
His first port of call will be Balboa, where he will inspect the Panama Canal.
The State Department has received cordial replies from Peru, Chile, Uruguay and Brazil to a Note asking whether they have any objections to Mr. Hoover's proposed trip to Central and South American, before he assumes office.
The Argentine has not yet replied Dut a number of countries which had not been included in the pro-Jected tour, for example Costa Rica, Colombia, ' Ecuador, Bolivia and Cuba, have telegraphed asking Mr. Hoover to visit them.
Tt is announced at the House that Mr. Henry Fletcher, American ambassador at Rome, wi accompany the new President on hi tour, which is expected to take about seven week:
The party will travel on the battleship Maryland to Valparaiso and cross the Andes by railway to Buenos Aires, at which place another war vessel, either the Utah or the Florida, will convey Mr. Hoover to Montevideo, Rio de Janeiro and ther places.—Reuter.
New Yor, Nov. 8:—The issue price of the Ruhr Gas Corporation loan, raised by an American bank-{ing syndicate to finance the construction in Germany of the largest pipeline system in the world for the distribution of coke-oven gas, will be 94. The average yield, based upon redemption of the loan. through a sinking fund, will be 7.3 por cent. per annum,—Reuter.
Powers here—grasp this oppor tunity which has been given us for'
new stars with; both hands and go forward with new faith and new.
Text read from the printed page and cleaned; old type leaves the occasional error.