25 Jun 1931
Page 1
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Newspaper
The Montana Standard
Location
Butte, Montana, United States of America
Date
Jun 25, 1931
Page
1
An article describes Wall Street activity and outlook amid debt postponement hopes after the 1929 crash. It notes 5,000,000 shares traded, forecasts a cautious boom, warns against rapid rises, and critiques bull and bear manipulation as forecasts reference Hoover's debt relief plan and market volatility.
Harold Gatty and Wiley Post paused in Berlin then departed for Moscow at 7 38 a m after landing Winnie Mae in Tempelhof following a record Atlantic two stop flight from Newfoundland. The pair, aiming to circle the globe in 10 days, appeared exhausted but thanked cheering crowds and supporters at the field.
Rome June 24 Italy delivers a stern note to the Holy See refusing to deplore anti papal demonstrations by Fascist students. The Vatican had urged contrition as the quarrel over Catholic clubs and anti government activity deepens. Pope Pius XII says the reply is unsatisfactory and an impasse may force a diplomatic move.
Global stocks rose as the French cabinet endorsed President Hoover's moratorium proposal. New York exchanges saw rising prices over five hours with about 6.1 million shares traded. Dow Jones gained 7.71 to 151.60, rails up 3.50, utilities up 1.73.
Washington June 24 Ambassadors delivered the French counter proposal as Hoover, Stimson, and Mills met at the White House to align views on the moratorium. Claudel urged secrecy until Friday’s parliamentary submission. Officials noted the plan’s likely adherence to reparations terms, but US stance remains firm against undermining Hoover’s goal. Treasury and Federal Reserve finalize an international credit arrangement to aid Germany.
Montana produces about one tenth of the nation’s wool totaling a strong share and ranks second in output. Poultry product value rises, surpassing 7 million dollars annually, while per capita egg consumption reaches 44.2 dozen yearly. The turkey sector is in its infancy with Montana birds selling at a premium on eastern markets, totaling about 300 thousand dollars yearly.
In Hammond Indiana on June 24 Mrs Marie Timmons refused to keep her five year old son Howard saying she has her own life and husband. Police warned of child abandonment charges if she did not return the boy who wandered the streets. The child said he preferred his real father and did not want to go home.
State Republican central committee nears financial solvency due to county organizations and officials, says state chairman Joe Scanlan. Senator C F Gisboe has visited 48 of 56 counties, praising Silver Bow and Deer Lodge aid and noting eight counties remain Fergus and Yellowstone. Scanlan and Senator Gisbee anticipate a clean slate for the state committee and plan talks with the national committee in Washington.
London June 25 Otto Hillig and Holger Harrs attempting a trans Atlantic flight from Harbor Grace to Copenhagen were unreported at 2 30 am The air ministry Croydon officials had no news Flying weather excellent Conditions fine along Irish Welsh and southern English coast Visibility good
Three Curtiss Hell Divers observation planes of the U S Navy lingered near the headwaters of Silver Bow creek at the hangar of the National Parks in Butte. Residents had a rare chance to glimpse the planes up close as the three battleship craft rested near the mining city.
Anaconda June 25 Special The Montana Federation of Labor convention drew over 100 delegates with more than 180 attending tonight's banquet. The gathering included music and speeches, shaping the year's program and electing officers. Delegates enjoyed hospitalities as Anaconda residents hosted them and a sightseeing trip to the Anaconda company smelter was planned.
Otto Hillig of Germany and Holger Hoirs of Denmark lift off from Harbor Grace to Copenhagen, aiming to reach Hillig’s birthplace in Germany within about 28 hours. They travel with no wireless and plan a roundabout route via the North Atlantic, marking the second such air departure in 24 hours.
A Butte attorney, Henry A. Tyvand of 521 South Crystal Street, reports repelling burglars who tried to steal gasoline from his car. He found a five gallon can and a siphon hose left behind, along with an automobile robe used to dampen noise. He said he would return the items if no loss occurred.
The federal court spring session concluded its criminal docket after a single acquittal in a prohibition case. Three men pleaded guilty and one, Fred Portman of 710 South Montana, was found not guilty by a jury after a five hour inspection of his shop basement where agents found a distilling setup.
Madison, Wis. June 24. Gov. Philip La Follette signed a bill banning any time but standard time in the state. Anyone setting clocks to daylight saving time faces a fine of 25 to 50 dollars. those who regret using daylight time face 10 to 30 days in jail.
The Montana Supreme Court reversed Bert Le Duc's second degree murder conviction and ordered a new trial to be set for the fall term of criminal court. Le Duc, a former Butte peace officer, was convicted last June for the fatal shooting of miner John S. Snyder in a rooming house owned by Le Duc's wife. He will be brought back from Deer Lodge after remittitur. bond remains $25,000.
A 27 year old air instructor Tom Nash chief in structor of the Nepeco Tri City air port was killed when the biplane he was piloting crashed in a spin. Passenger E I Moore suffered a broken leg and survived.
Readable lines indicate a forecast for Friday and Thursday with generally fair skies and warmer temperatures. No specific highs or locations are provided.
Paris reports France answered President Hoover with a call for a compromise to resolve wartime debt while urging Germany's unconditional reparations remain paid to the Bank for International Settlements. France seeks about 100 million dollars annually and opposes delaying payments for a year.
Reese Wampler, who placer mined in Butte 59 years ago, moved to manage rich Pony mines, then Nevada pay dirt ventures including Goldfield. He retired 20 years ago to California and died at Porterville June 16, per Mrs Nila Morris. He came east in 1872 to join his brother John, as Butte shifted from boom to decline.
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