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Mason City Globe-Gazette (Newspaper) - October 30, 1929, Mason City, Iowa florth Iowas DAILY PAPER Edited for the Home VOL XXXVI FIVE CENTS PER COPY ASSOCIATED PRESS LEASED WERE SERVICE MASONGITY IOWA WEDNESDAY OCTOBER 30 1929UNITED HOME EDITION LEADING STOCK PRICES PRESS AND INTERNATIONAL NEWS SUPPLMENTAL SERVICE INVESTIGATIONS LAKE WRECK UNDERWAY Seek to Place Responsi bility for Loss of Nine Lives ff Wis Oct 30 federal government the county and the Goodrich Steamship com pany joined today in an investiga tion into ttie sinking of the steam ship Wisconsin four miles off this port yesterday with the loss of at least nine lives Fred J Meno supervising inspec tor of the federal steamship inspec tion office of Detroit had charge of the inquiry for the government He said he would begin at once the questioning of witnesses Only One Hour Out i A preliminary survey last nigh gave rise to several questions an swers to which may help in placing responsibility for the wreck It was pointed out that the boat was less an hour out from Kenosha har hov when it first began radioing dis tress signals there were lifeboats ancl life preservers for all and thi radio was working up to a shori I before the vessel was aban i doned as officials were able to 1 state the Wisconsin carried a crew I of 70 men and four passengers Nine I lives were lost including those of Capt Douglas Morrison and Chiei Julius BIschmann Sixty fchree persons including the passen rescued This leaves two ons sthe only officia 74 Believed on Board purser Harvey Lyons was positive however there were 74 persons aba ard Thecargo ofpacket merchandise which went down with the ship was j valuedat 5300000 The ship itself was worth K Altho nearly a score of those res j cued yesterday by Racine and Ken Madam Curfcfil osha coastguardsmen and a Cham bers fishing tug received hospital treatment all were reported fully recovered today from the effects of exposure and shoclc Madrid Goal Miner Is Fatally Injured MADRID Oct 30 Bur 26 local coal miner was fa tally injured late yesterday when a boulder fell from the roof of the on to his head and shoulders his skull He died in n Oes Molnes hospital early today vithout regaining consciousness jSurtou came here from Illinois with his wife and 4 year old child and tarted working in the mine only londay WillRogers Says for a BEVERLY HILLS Cal Oct the matter with this laugh JVhen the stock market goes down Mr Mor gan Lam ont Charley Mitch ell and Mr George Baker hold a meeting i and let every body see em in this huddle then the market WILL Just thinking what a great idea it would be if we could Just get these boys to room together for six months There is no telling to what heights the market might go Just think what a calamity if these forgot where they were to meet some day to inspire confi dence Yours WILL ROGERS w PSsM iSri lum verer Hoover Guest WAVES IN GREAT LAKES RESCUE BUSINESS NEED HAVENOFEAR XT A rvo Adverse Results Likely From Crash Says Expert i In their efforts to devise a fool Jroof airplane the aeronautical ex frts might well consider the tariff never comes IOWA WEATHER Cloudy Wednesday night and VThursday Probably occasional in cast and south portions pursoay slightly colder in joutheast portion LOCAL STATISTICS flobeGazette weather figures for lour period ending at 8 oclock Tlnesday morning Warmest Tuesday 37 Coolest in Night 86 A MWednesday 37 precipitation 08 Jhe past few days have brot Iowa two remarkable phen ffina in temperature range In the hcur period ending at 8 oclock lurday morning there had faenn of 39 degrees Against in the 24 hourperiod enHug oclock Wednesday morning was a range of temperature 7only l degree This latter cant rkxceeded much this year and the will not be tyct ao ficial Washington clung stead fastly today to its opinion that Am erican business need expect no ad verse results from the collapse of stock exchange prices Such a view was expressed by Dr Julius Kleinassistant secretary of commerce in a widely broadcast ad dress last night which Is understood o represent the attitude of the ad ministration in general and coin cides with President Hoovers pre vious statement on the business sit uation Board Takes No Action No action had been taken by the ederal reserve board in the face of yesterdays precipitous decline in ecurlty prices altho the board met with Secretary Mellon attending ind was known to have been in close ouch with the reserve bank at New York The break in stock prices was at tributed to the party in power by Senator Tydinga democrat Mary land in a statement issued thru democratic national headquarters It asserted that In most cases there is the Ironical realization that these great leaders who a year ago were yelling prosperity1 are trying to find a scapegoat In the face of a 15 billion dollar loss in one week of American life Dr Klein cited numerous circum stances to support his view that American business is standing squarely upon a sound basis Purchasing Power High The purchasing power of the na tion is at a high level he said and may be expected to continue so he demand for commodities has not been affected by the stock market collapse employment i3 on the In irease per capita production boom ing stocks of manufactured goods have not piled up and average com modity prices have maintained con sistent levels At the most liberal estimate he isserted only a very small propor ion of the American population has been affected by the stock market than four per cent of he families and leas than one per ent of the population by Indlvid a vastly preponderant of the nation unaffected1 by speculative gyrations KAHN REFUSES G 0 P POSITION Divided Reception Cause Banker to Turn Down Treasurer Post NEW YORK Oct 30 cause of the divided reception that greeted his selection as treasurer oi the republican senatorial campaign committee Otto H Kahn has de clined the post Announcement of his selection had beenmade by Senator George H Moses of New Hampshire at a din ner last Thursday given by Jeremiah Milbank for Claudius H Huston re publican national chairman Addresses made at the dinner a private affair were interpreted by newspapers as indicating a declara tion of war by the senatorial cam paign committee against republican senators who oppose President Hoover on the tariff and other poli M C Man Hart in Crash Si t MMYSCENEOF BAD COLLISION cies Kahnin a letter to Senator Moses said that while a Wall street man he was a liberal in politics He said that the divided reception with which his designation was received however erroneous some of the in terpretations placed thereon justi fied his earlier belief that he was not the right man for the position He asked that his name be not pre sented to the committee Plane Rides Out Storm 5 PersonsSafe MASON CITYANS BUYING STOCKS ON EXCHANGES Bagley Issues Statemen That Banks Are Not Damaged MASON CITY residents who to some degree have taken part la the heavy selling of the past few days turned buyers Wednesday and went shopping for bargains on the stock market list Heaviest purchases were made In General Motors Montgomery Ward American Telephone and Telegraph Union Carbide and Cities Service Local brokerage houses were rushet with buying orders They Are Buying The generalopinion among loca residents was that the market has touched bottom and that now wna the time to buy many of the lead ing stocks being down where eara mgs are equal to 10 per cent of th selling price One of the heaviest held stock here is Cities Service common which closed at a share Tuesday night and whichwent up aevera points Wednesday morning Bagloy Issues Statement Willis G G Bagley president o the Iowa Bankers association 5s sued a statement at the request o the press Wednesday that the dro A LBUQUERQUE N Mex Oct 30 A trimotored Western Air express plane piloted by James E Doles today stood victor over ele ments and the rugged southwest after the two had combined to cre ate strong fear for the safety of the plane and Its five occupants As a fine snow sifted down upon he airport here and men conferred about plans to locate the plane feen 30 hours overdue theship roared on to the field everyone healthy and happy and the plane in perfect con dition Doles with Allan C Barrie co iot R L Britten steward Dr A V Ward San Francisco dentist and W E Merz Mount Vernon N Y passengers took off from Los An geles Monday morning and headed ast Hit Snowstorm Bear Market Puts N Y Curb Company Under NEW YORK Oct 30 econd failure of the recent bear market took place today when the ew York curb exchange firm of jynch and company was suspended or failure to meet its obligations Away down south in the land of otton the crop fs good butthe LINN COUNTY JUDGE RESIGNS F L Anderson Quits Bench to Join Law Firm in Cedar Rapids DES MOINES Oct 30 trict Judge B1 L Anderson of Mar ion Linn county today submitted his resignation to Governor Ham mill effective Nov 1 v Judge Anderson said he was re signing to enter a law partnership at Cedar Rapids with C J Lynch Governor Hammil said he would name a successor to Anderson in a short time and indicated the ap pointee would also be county from Linn Fog Holds Planes at Airport at Chicago CHICAGO Oct 30 pir mans worst laid down a heavy blanket over the Chicago district today and virtually para flying No attempts were flic After a refueling stop in Arizona he plane ran into a terrific snow torm which had not been reported Thereafter for mora than 30 hours here was no word Theve was a gathering of officiajs nd planes here in preparation foria earch of the region where thelplane TURN TO PAGE 2 COLUMN 1 Washington Reporters Sent to Jail forNot Naming Liquor Seller WASHIGTON Oct 30 Three reporters for the Washington Times afternoon newspaper were sentenced to 45 days each in jail by Judge Peyton Gordon in the Dis trict of Columbia supreme court for refusing to reveal to the grand jury the names and addresses of persona from whom they claimed to have purchased liquor Judge Gordon told the trio Gor man A Hendricks35 LInton Bvuk ett 30 and Jack E Nevinj Jr 24 that the questions asked them by the grand jury were entirely prop er The law he said did not recog nize the ethics of the newspapsr profession as sufficient grounds for a pleafor immunity Albert Lea Motorist and Local Men Figure in Wreck Reuben Sweh la 23Eighth street southwest Ma son City suffered a severe scalp wound and Peter Bereolos Albert Lea cafe owner received two brok en ribs when a traffic jam between three cars at the intersection of No 65 and No 9 west of Manly at about oclock this morainere sulted in a collision Mr Swehla who Is employed at the GlobeGazette as a pressman was rushed to the Park hospital where a gash eight Inches long in his scalp was stitched His compan ion George Kupka also of Mason City who had accompanied him on a hunting trip was not injured After the accident Mr Bereolos to a physicians office in Manly where it was believed for a time that one of his lungs might be injured In addition to his broken ribs WANT A JOB The GlobeGazette is in need of live and reliable corre spondents at BURT FENTON RINGSTED BANCROFT LONE ROCK SHELL ROCK Interested address the Managing Editor Woman Was Driving Mrs OleAnderson who was driv ingtheAlbert Lea car and another woman were accompanying Mr Bereolosto Hampton Aside from n wound received by Mrs Anderson the other two escaped without injury MrBereolos was removed to hia home inAlbert Lea shortly after noontoday is the proprietor of the Dianacafe Three fears were approaching the corner at the time ofthe accident according to accounts of the acci dent The Mason City car a Chev rolet and the Albert Lea car crashed1 while the third car coming fromthe south wasnot involved in the crash Waterloo Boy Wounded CEDAR FALLS Oct 30 Joe Netley Jr 15 Waterloo was In a local hospital this afternoon suf fering from a gunshot wound in his hip received while huntingnear here tiirning thechannels ofInvestment back to real estate The banks in Iowa In my opin ion win not suffer thru the drop In the stock the statement said True some little money has seen going out of Iowa for stock nvestments in the east but to a great extent for Investments and not speculations The people of Iowa have been making money and looking for in vestments The fact Iowa banks have increased their deposits and decreased their borrowings during the pastifew months to a great ex tent Is evidence of this This will bring money back to Iowa for legitimate business in Iowa I look for farm sales to increase I still believe that good Iowa real estate Is a sound basis for good credit in Iowa two other Waterloo youthsCharles Homer 17 and Newt Pullman 18 Sister of LaFayette Young Mrs Margaret Young French Is Dead DES MOINES Oct 30 Margaret Young French 86 sister of tne late Senator LaFayette Young died here yesterday She had lived in Iowa 82 years She was born at McComb HI When she was 20 years old Mrs French traveled extensively over the state cam paigning for Air ah am Lincoln for WEST IN GRIP OF SNOWSTORM Wide Area Under Blanket of an Inch to Foot in Depth DENVER Colo Oct 30 Winter held sway from Montana to New Mexico In the eastern tier of the Rdcky Mountains west today but the weather forecasts indicated relief in sight The greater proportion ofthe en tire area was under a covering of tnow that ranged from a depth of one inch In the valleys to a foot or more in the higher altitudes In some places drifted snow made mo toring difficult Nineteen persons marooned on Pikes Peak were rescued and taken to Colorado Springs yesterday 3n Wyoming where the storm was the most severe additional searchers prepared to renew their efforts to locate John B Woodward Casper postoffice employe lost on the snow choked Green Mountain territory since Sunday Will Be Given Her by President Precious Metal Will Be Bought for Scientist Abroad WASHINGTON Oct 30 Madame Curie codiscoverer of radium was In Washington today to become the recipient of the means of purchasing a gram of the precious metal to be used in a continuation of her serearch work A guest of President and Mrs Hoover at the white house the tiny woman who accepted as the legacy of her husband the complementary studies prompted by their isolation of the element today was honored the National Academy of POPULAR ISSUES REPORT BOOSTS OF S5530 EACH Stock Exchange to Closed Friday and j Saturday NEW YORK Oct 30 buying sup port supplied by some oij the countryslargest financial institutions and wealthiest iiu dividual including John D Rockefeller Sr and hia aoiy turned the course of stock prices definitely upward todaj studies prompted by a week of disastrous sell Sciences A draft for encased in silver had been made out to her for presentation this afternoon at ceremonies including an address by the president Its purpose was the purchase of a gram of radium to be used in the CuriePolish cancer hospital and laboratory in Warsaw nasmuch as radium is no longer extracted from American ores ar rangements to present her with radium itself were foregone in or der that it might be bought abroad In deference to Madame Curie who has not enjoyed the best of health recently no elaborate social functions were planned Supplemen tary to the family dinner at which she was a guest at the white housa Jast night and the program this afternoon only a Awfriends of the presidents fam ily should meet her today Important government officials and many of Washingtons scientific personages were invited to the cere ing by panic stricken and speculators thruout thd world has washed away more than 25 billion dollars iq quoted values Gains of to a were quite generalon the New York Stock exchange and weye well maintained with spending advances on the monies surrounding the presentation of the draft York curb market and the other security exchanges of the country 1 Leading New York meeting in informal confer ences at the offices of J pf Morgan Co the situation With every Indication that wave of selling hysteria had pa governors of the New Yotk stock exchange and the curb market met Condition ol Mrs Pantages Critical LOS ANGELES Oct 30 Whileattorneys for Alexander Pan tages convicted of a criminal at tack upon Eunice Pringle coed dancer prepared to move for a new trial Friday when the multimillion aire theater man appears for sent ence in superior court Mrs Loia Pantages his wife today was under observation of physicians who re ported her condition critical Pantages yesterday was granted permission to visit his wifes bed side Mrs Pantages herself convicted of manslaughter in connection with the death of a Japanese after an automobile collision has been Hi since the accident Her physicians said she waa in a frUIcal THREE CHILDREN LOST IN FLAMES Mother Mistakes Gasoline for Kerosene Home Is Destroyed CHICAGO Oct 30 ttle girls Mary Gertrude and Vir inia Metijevich were burned to eath last night when fire destroyed heir home in Hodgkins a suburb hey were 5 years 3 years and nine months oloV respectively Mra Mary Matijevich their moth r mistook a can of gasoline for erosene while preparing dinner and cured it Into the stove An explo on sent the blazing liquid flying n all directions Mrs Matijevich and her son John r 11 may die from their burns GRAPElSF FIRM RAIDED Product Had High Alcoholic Content Federal Agents Report ST LOUIS Oct 30 UFJThe Colony Vintage company a distribu tor of grape juice and defendant in a breach of contract suit In fed eral court last July charging the product failed to come up to prom ises was raided by United States prohibition agents yesterday A quantity of grape juice which James Dillon deputy prohibition ad ministrator said tested aa high as 07 per cent alcohol was seized as well as Jamaica ginger and other alcoholic extracts Included In the grape juice seiz ures were two kegs of 30 gallons each which bore the name of Wal ter Damrosch New York City and was Tabelled Moselle grape juice The labels also said each keg was osting the purchaser Dil lon said he believed the shipment was meant for the noted musical director William Davis president of the company was ordered to arcpear be fore U S Commissioner Burke to day to give bond In federal court last July Davis showed a letter from United States Senator Arthur R Gould of Maine n which Gould stated he was on aining results from a cask of the Colony Vintage company product expected it to turn Into wine hls afternoon and decided to delay the opening of the exchange tomor row from 10 a rnto noon and to suspend business on Friday and Saturday in order to give over worked employes of brokeraga houses and the stock clearing cor poration an opportunity to catch up 6n their sleep Will Reopen on Monday The exchange will reopen for bus iness on Monday at the usual hour but will be closet again Tuesday election day which is a legal holt day in New York The Chicago atock exhange also voted to delay tomorrows opening and to close on Friday and Satur day Similar action will be taken by the New York curb exchange Total stock sales from 10 a m 16 p m were 8738800 shares aa contrasted with 13838000 in tha same period yesterday with tions that the days total would run close to 11000000 shares Following are p TO quo tations and net changes of some ol the active issues V S Steel Up U S Steel common General Motors up Radio up 3 Anaconda Cxjp per up Chrysler 33off j Erie common up General Electric 284 up 12 Texas Gulf Sul phur up Montgomery Ward up American Tele phone up Ajnericaa and Foreign Power up Kennecott Copper and American Smelting 83 off I Johns ManvIHe 121 up 6 Bethle hem Steel up National Cash Register up Wool TURN TO PAGE Z COLUMN 1 up AUNT HEX By Robert Quillen I reckon its wicked but I cant help wiahin Mra Noah had o been the kind o woman with gumption enough to kill the two ants in the ark kitchen
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