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Newspaper
Waterloo Evening Courier
Location
Waterloo, Iowa, United States of America
Date
Oct 31, 1929
Page
9
A strange fog caused ships to collide, leading to the drownings of several Spotlight25 sailors. Canadian election notes, theater feuds, and a groundless sauerkraut case fill the rest of the page with varied headlines.
Two freighters the Marquette and the Senator collided 30 miles off Port Washington in dense fog. The Senator sank quickly with 25 crew unaccounted for, three picked up by the Marquette. The Marquette then sent SOSs as it sank, with survivors and radio operators aboard, and requested assistance from coast guards.
New York brokers refrained from forcing closeouts amid a severe stock market slump. They waived margins, hoping for a quick market recovery, a practice likely not repeated. Reports show accounts with Tuesday deficits over $1 million swung to a net credit of over $3.4 million by Wednesday night.
Modesto California October 31 police charged Eugene and Mrs. Peckham with neglect for leaving their year old son Donald at home alone while both parents were away. Neighbors complained the child appeared mistreated and police found him tied to a dirty crib in squalid conditions at the Peckham residence.
The Russian plane Land of the Ba Viots was held at Ford airport Detroit due to unsatisfactory flying conditions. The New York flight planned for yesterday was postponed and officials said it would likely depart for New York tomorrow.
The Courier can be delivered at your home before 7 30 PM. If the carrier makes an error or you fail to receive the paper by that time, call 519% to request a copy. Phone calls should reach the offices before 6 30 PM.
Washington Oct 31 The senate delayed a punitive censure of Senator Hiram Bingham Republican Connecticut over employing a paid lobbyist to aid tariff rate work. Norris proposed a strong resolution condemning the action, while Bingham’s allies offered a public apology pledge as a settlement. If Bingham apologizes for employing Evanson and for accusing the senate investigative committee of being framed the censure measure would be dropped. J W Rath of Rath Packing praised Iowa investment and urged local industry support to keep money at home.
Treasury officials cited district reports that despite a stock market crash the U S should see strong Christmas business. Retailers may match or nearly match 1927 1928 holiday sales, even amid a general industrial recession in late 1925. Separately Oscar Schaefer and Joe Burke were fined 1000 dollars each and sentenced to six months in jail for liquor nuisance and transportation of liquor.
In Wichita on October 31 a dozen customers and about twenty bank employees flooded the sidewalk crying after tear bombs were set off by a mysterious man who tripped a lever. Inside staff stayed at their posts to protect the bank as no one was harmed.
In Pueblo Colorado the state files suit to recover 200000 in cashier’s checks deposited to the Telluride bank. Charles D. Waggoner, president of the Bank of Telluride, awaits sentencing in New York for mail fraud scandal involving six New York banks.
Antonio Jose Almeida former Portuguese president died in Lisbon on Oct 31. An enemy of the monarchy he lived in exile in Africa after opposing the regime. Elected in 1918 his administration improved foreign relations including peace with the Vatican and official visits from the Belgian king and Argentine president.
A silver gray casket bearing Ohio Senator Theodore E Burton arrived at Union Station Cleveland to lie in state for three hours in Public Hall before burial at Lakeview Cemetery near the grave of Myron T Herrick former ambassador to France. The procession included relatives friends and a governmental cortege reflecting his early political struggles.
San Francisco October 31. The California state corporation commission granted J. D. and A. B. Spreckles Investment Co. permission to distribute an extraordinary dividend of 300000 dollars per stock holder. The total dividend amounts to 4500000 dollars and is held within the Spreckles family.
New York stock markets opened with a sensational advance as buyers flooded in, sparked by reports that the selling crisis had ended. Auburn Auto led gains while utility and oil stocks soared. John Public reentered the market with cash, and daily trading showed broad optimism despite prior declines. The Bank of England cut the rediscount rate to 6 percent reflecting global demand for stability.
Washington October 31 A resolution proposing a five senator committee to investigate speculative stock market operations was prepared by Senator Nye North Dakota. The panel would include Chatman Norris and Norbeck along with ranking minority members Senator Overmat of North Carolina and Senator Fletcher of Florida.
New Orleans labor leaders and New Orleans Public Service Co. put the acceptance or rejection of the tentative Sept. 5 agreement before striking street carmen for a third vote. Union executive J. B. Lawson urged acceptance without reservations at the meeting last night.
Ponca City Oklahoma reports 21 year old Shelton Phipps attempted a modern Robin Hood act by extorting oil men and leaving $1,000 bundles for neighbors with failed crops. He pleaded guilty. Lew Wentz urged clemency after learning the intended use of the money.
Snow and colder weather were forecast for Des Moines and surrounding areas tonight and Friday by federal weather observer Charles D. Reed. The system includes snow in the northwest, rain to snow in the east and south, with a statewide temperature drop expected, especially eastern and central portions.
Evelyn Graham quotes the Prince of Wales in a Britain and L article as saying he spends half his day as others expect and the rest as himself. He adds that marriage would force him to live entirely as a wife would want, leaving little room for his own identity.
In Congress the Associated Press reports the Senate resumes tariff debate on Thursday as Republican leaders clashed over continuing the discussion or recessing to a regular session. The Senate lobby committee heard more on tariff wiring by Joseph R. Grundy and Senator Phipps of Colorado, who said ratifying the Rio Grande river compact would be pursued.
Mexico City October 31 The strike of 300 Ford Motor Co workers at its assembly plant drew wide interest as observers noted the walkout stemmed from Henry Ford oppose to union recognition and a collective labor contract under a new labor code being debated by the Mexican senate. Ford reportedly preferred closing the plant over agreeing to union terms or contracts under the code.
Havana Cuba October 31 United States specialists prepare to operate on Gen Horacio Vasquez president of Santo Domingo his life depends on immediate surgery An American plane bearing the president and party is due in Havana at 4 50 p m Officials from government army and diplomacy will attend The president and wife will remain overnight at Machado palace then fly to Miami and a chartered plane will take them to Johns Hopkins hospital Baltimore.
Memphis observers report the Motion Picture Theatre Owners Association of America opened its tenth annual convention opposing Senator Brookhart's proposed federal control bill. Records show small theatre owners saved about 1.3 million dollars through voluntary contract rewrites by film producers. Paramount-Famous-Lasky executive Sidney R Kent announced further contract revisions in six weeks that would save about 200 thousand more in film rentals.
President Hoover pressed for quick tariff legislation as Republican leaders offered a path to carve out amendments. Senator Watson said Hoover wants the bill passed soon but did not indicate whether he would sign it in its present form, while others urged adjournment only after passage.
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