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About La Grande evening observer. (La Grande, Or.) 1904-1959 | View Entire Issue (March 7, 1932)
ttfa CITY EDITION , mn Associated fnu Uw4 Wire Servloe PAGES TODAY Only Newspaper Printed in La Grande Covering Union and Wallowa Counties VOLUME 30 MEMBER ASSOCIATED PRESS AND A. B. O. LA GRANDE, OREGON, MONDAY, MARCH 7, 1932 EASTERN OREGON'S IJ&AIMNG NEWSPAPER NUMBER 162 aGraeders Approve Of F5) 11 oamus New Steady Stream Of Depositors; Strong Institution Greeted 1 ; . v,is"o First National Bank of La Grande Granted Charter -From Washington, D.' C, Over Long-Distance Telephone Today. STOCK OVER-SUBSCRIBED BY 11 O'CLOCK LAST NIGHT iN. K. West Elected President Capital Stock $125,000 With' Surplus $25,000 -Fifty-Four Stockholders Listed. When the new First National Bank of La Grande opened its doors at 9. o'clock this morning, after being chartered by telephone from the comptroller of currency's offices in Wash ington, D.,C, a small gathering of people. was waiting for entrance two out of every three of them prepared to make their usual Monday morning' deposits. Many of the others were seeking first hand information., All through the mfoming the steady stream) of depositors continued to enter the bank,' with more than 95 per cent ' of the callers thoroughly approving of the merger of the two former banks, and confident that the step gives La Grande the strongest depository in its history. As a matter of fact, a wave of optimism was manifest in the crowds doing busi ness in the bank most of the business people cheered at the strengthening of the financial structure of the city through the opening of the new institution. Over-subscribed Last Night Officers of the First National announced this morning that the bank stock was over-subscribed by 11 o'clock last night. '.' ;; , The chartering of the bank by telephone was done in orde,r that there would be no delay in opening the doors promptly .at 9 biclock' this morning. ..A long distance call was "put in to the nation's capital and the chartering business was quick ly attended to, being completed about 6 o'clock this morning about the time the first Observer extras announcing the merger appeared on the streets of La Grande. The First National represents a merger of the La Grande National and the United States National banks of this city, giving the community an institution of exceptional strength. The capital stock of the new bank is listed at $125,000 with a surplus of $25,000, and all capital stock is in cash, with the best of the assets of the two former banks conv bined in the new institution. The assets of the new bank have been very carefully inspected by M. C. Wilde, national bank examiner with headquarters at Portland, and C. C. Linden, national bank examiner with headquarters in Spokane. The new bank brings to La Grande and the Grande Ronde valley an institution of exceptional financial stability with a large representation of prominent community men and wom en as stockholders. The stockholders held a meeting this morning at which time the following were elected to the board of directors of the First National Bank qf La Grande : N. K. West, Herman Siegrist, F. L. Meyers, William Siegrist, W. C. Perkins, Fred E. Kiddle, Robert S. Eakin, Dr. Lee B. Bouvy and Clyde Bunting. These directors elected K. West as president of the institution, Herman Siegrist as vice president, F. L. Meyers as cashier and H. A. Zurbrick as assistant cashier. The list of 54 stockholders, representative as it is of the La Grande community, shows the faith and confidence dis continued on Page Five) TALBOTT HURT SATURDAY BY HIT - RUN CAR Herahcl Talbott, of La Grande, re ported to the police Saturday night that some one driving a light coupe collided with him on Fourth street near the High school about 7:30 p. m., the crash Injuring his head and shoulder. The driver failed to stop. Police and state men have been un able to find the Identity of the hit-and-run driver responsible. A minor Occident occurred Satur day at Oak and Adams about 3 p. m. when cars driven by Prank Cheno weth and W. L. Hoyt collided. No one was reported as Injured. WE AT II KB FORECAST Oregon: Cloudy tonight and Tuesday, probably rain In the west; moderate temperatures; Increasing southerly winds off shore. WEATHER TODAlf 7 a. m. 34 above. Minimum: 34 above. Condition: Cloudy. WEATHER YESTERDAY Maximum 46, minimum 33 above. Condition: Partly cloudy. Range 13 degrees. WEATHER MAR. 7, 1931 Maximum 49, minimum 22 above. Condition: Clear. Range 27 degrees. Elmer Bingham Dies At Hot Lake Today By Mrs. L. Z. Terrall (Observer Correspondent) UNION, Ore., Mar. 7 (Special) Elmer Bingham, who became ill sud denly last night at his home here about 10 o'clock, was rushed to Hot Lake and underwent an emergency operation, but It was too late to pre vent death, Mr. Bingham died at 5 o'clock this morning of peritonitis. Funeral services probably will be held Wednesday afternoon at the L. D. S. church. ' Mr. Bingham was 36 years of age and was born at Montpellcr, Ida., the son of Mr. and Mrs. A. L. Bingham. Besides his parents, he leaves two sisters in Union, Mrs. Orr Cline and Mrs. J. I. Hilller. Mud Slides Delay Trains on Sunday After being held up for 12 hours by mud slides on the railroad tracks, trains were going through the Blue Mountains between Gibbon and Dun can yesterday afternoon shortly after 12 o'clock. Heavy rains In the moun tains caused the slides. Trains 17, 5, 18 and 6 were routed by stage to La Grande. PEANUTS AND POP BANNED COLUMBUS, O. CP) Spectators at football games In Ohio State univer sity's stadium will have to enjoy the sport without the aid of pop and pea nuts. Pop was banned because of the danger of broken glass and peanut hulls clogged the drains. Bulldogs Take Cage Title For The Third Year La Grande Beaten 26 to 13 in Finals at Union Sat urday Close Games in Afternoon. Baker High school's Bulldogs won the district basketball champion ship for the third consecutive .year Saturday night at Union when they defeated La Grande 28 to 18 in the final contest. La Grande, although it put up a courageous fight, was unable to match the sharp-shooting offensive displayed by the team from Baker, led by the tall center, York, who accounted for 12 points of his quin tet's total. The Tigers wore defeated by Baker 21 to 20 Friday night In the first meeting of the two teams at Union, but after the gruelling games Sat urday afternoon, - the Tigers did not seem as strong as the southerners. In an extra game played Saturday night. North Powder and Union at tempted to decide third place in the tournament, but the score wound (Continued on Page Eight) DRUNKEN BRAWL COSTS HIS LIFE Milton Hopkins, 35, Fatal ly Shot in Baker Early Sunday Morning. BAKER, Ore., Mar. 7 (fF) Milton Hopkins, 36, Baker, was shot in what police termed a drunken brawl at the home of Ward Holden, Baker, early Sunday. Holden, to whom po lice attributed he shooting, was in a hospital here with a scalp wound he inflicted when he turned his gun on himself. His condition was re ported not critical. Police said they were told the men quarreled at . a party at Ray Conk lin's home here,' and Holden left with Mrs. .Hopkins followed, by Honkins (Continued on Page Bight) TRAPSHOOTERS . WIN TWO, LOSE ONE SUNDAY La Grande Gun club shooters won two matches, lost one and have no report from the fourth In the open ing day of the Orcgonlan telegraphic trapshoot yesterday at Lone Tree. The local shooters scored a 72 which was higher than Corvallls' 71 and Burns' 71. Douglas county shot a 73 and no report was printed today from Needy, the fourth opponent. The three men whose scores figured in the Oregonlan shoot follow: A. McAllister, 24; C. Anderson, 24; Jim Garlty, 24. Nate Zwelfel won the first leg of the trophy, shooting a 24 from the 21-yard line. ' Scores follow: 18 yd. Hd. A. McAllister 24 18 C. Anderson 24 J. Garlty 24 C; Mackey 24 20 Dr. Eamcs 1 20 R. Forrester 20 17 J. Garlty 20 ; L. Gower 21 22 T. Holllster 22 16 E. B. Head . 19 F. Lanning 22 18 J. Stalcup 21 19 C. Woods 10 16 N. Zwelfel 20 24 Soloists Featured in Midland Choir To Give Concert Here on March 14 Rollin W. Butts, tenor; Mary Mar tin, alto, and Mlba Ostby and Char lotte Byars, sopranos, are the featured soloists who will appear with the Mlldand College A Cappella choir of Q$7$y Fremont, Neb., when It gives a sacred concert in the L. D. 6. tabernacle, Monday evening. Mar. 14. Mr. Butts was first among the men in the 1929 Atwater Kent contest for Northeast Nebraska, He was former W SrW' I h i r t " 9 i ' X BRIAND, MAN OF LOCARNO, DEAD TODAY Veteran French States man and "Apostle of Peace" Passes in Paris ACTIVE CAREER COMES TO CLOSE Retired to Country Place at Cocherel Early This Year Because of Heart Disease. PARIS, March 7 (ffj Arlstlde Brland, veteran French statesman and "Apostle, of Peace," died at 1:30 o'clock this afternoon. He was 69 years old. It was the end of one of the most active careers in modern French poli tical history. The bent, shaggy-haired old states man had occupied the post of foreign minister In one cabinet after another for so long that he has made the office almost his own. It was In that capacity that he participated In the Brlnnd -Kellogg pact outlawing war as an instrument of national policy. "Man of Locarno" It was from that office that he played so Important a part in the making of the Locarqp pact that he (Continued on Pago Two) -. Woman Teacher Beaten By Two Japanese, Report . SHANGHAI, March 7 (P) Edwin S. Cunningham, United States con sul general, was still awaiting a reply today from Japanese authorities to whom he protested agninst the beat ing of Miss Rose Marlowe, American' mission teacher, by two Japanese in civilian clothefe Friday. Miss Marlowe was pummclcd by the Japanese when she entered the compound of the school where she had taught to inspect the damage caused by the hostilities. H. D. Robinson, United States trade commissioner, whose home Is in Salt Lake City, said today the Incident Saturday in which he was beaten by armed Japanese civilians was "trivial." He said he reported J (Continued on Page Four) Unemployed Fight Dearborn Police DETROIT, March 7 (O Three pcr iih were, reported dead and more than score injured today when police clashed with .'WOO unemployed mar chers who attempted to enter the employment of rices of the Ford Motor company at River Rouge, DETROIT, March 1 (Pi A crowd of 3000 unemployed marchers en route to the employment office of the River Rouge plant of the Ford Motor company today battled and overpowered 30 Dearborn policemen armed with tear gas bombs when the police attempted to prevent them from entering Dearborn. Seven policemen were taken to a hospital. ly a soloist In the glee club at the University of Wyoming and has been a soloist with the Midland choir for three years. Miss Martin Is already one of Ne braska's best known amateur sing ers. She won first place among tho women singers entered in the 1929 Atwater Kent contest for Northeast Nebraska and placed fourth among the 20 singers in the state contest. In 1931 she again won the Northeast Nebraska contest and was third In tho state event. She has also had wide experience In radio singing. Miss Ostby, Miss Byars and MIhn Martin compose the Midland trio which prcsants a program from sta tion WOW, Omaha, on thp first Wcd- (Contlnued on Page Four; W. M. Nichols Dies In St. Petersburg W. M. Nichols, a former La Grande resident, died In St. Petersburg, Florida, on Feb. 14, according to word received by several of his former friends in La Grande today. Funeral services were held In Tuscaloosa, Florida on Feb. 17. " Mr. Nichols, who has been 111 for more than a year, was about 45 yearn of age at the time of his death, and is survived by his wife, who now makes her home in Tuscaloosa; one son, Billy; and a daughter, Shelby. Tho children arc about 12 and 14 years of age. Mr. Nichols was formerly connected with the George Palmer Lumber Co.1 Offensive Aimed To End Hoarding' Launched Today President : Hoover Opens ; Drive With ' Address Urges All Citizens .to 1 Aid in Recovery. WASHINGTON, Mar. 7 P) The great, war-like offensive against hoarding swung into action today, signalled by President Hoover him self in a stirring appeal for a dem onstration of the people's faith in their country. At the "zero hour" late last night, the chief executive faced a battery of microphones in the White House cabinet room to tell his nation-wide radio audience that it was time for eiery citizen to step out against the harmful economic forces that have hampered recovery, with releasing hoarded money the big objective. "Tho American people," said Mr. Hoover, "have at this moment one of the greatest opportunities in their history to show an assured confi dence and an active faith In their own destiny which is the destiny of tho United States and by that faith we shall win this battle." Supporting htm were Colonel Frank Knox, the director of tho ant t -hoarding citizens organization, who intro duced the president from a micro phono at his Chicago headquarters; Secretary Mills of the treasury; Sena tor Joseph T. Robinson, leader of the Democrats, and Charles G. Dawes, head of the reconstruction corpora tion, who spoke from a Washington (Continued From Page Four) ALFALFA BILL TO GIVE TALKS ..-IN THIS STATE BURNS, Ore., March 7 (P) Alfalfa BUI Murray, of Oklahoma, Is to make a personal appearance in Oregon. This assurance has been received from the Oklahoma governor by Clyde B. Cornell, of Burns, who re cently filed Murray's declaration of candidacy for the Democratic persl dontlal nomination in Oregon, and Vtii,?aays "he represents Murray jin this-state. "'" ' ' Tho governor will come to Orogon, Cornell Bald, for an Intensive three day campaign prior 'to tho May pri maries. Ho said Murray will deliver three speeches dally on each of his three days In Oregon. Education Board Holding Meeting PORTLAND. March 7 W) The state board of higher education, still wrestling with problems which will point the why to a unified, system of courses at state schools, met here today. Tho board was expected to receive from its curricula committee a re port on the proposed changes which would remove duplications in the state university, college and- three normal schools. , Assailant Shoots Peruvian President LIMA, Peru, March 7 (P) President Luis M. .Sanchez Cerro of Peru, was recovering today from slight wounds suffered when ho was shot by an assailant as he entered a church yes terday at Miroflores, a summer resort near hero. The assailant, Identified as Jose Melgar Marqucz, a member of the Aprlsta (opposition) political party, was arrested, but not until after Colonel Antonio Rodriguez, chief of the presidential staff, and a woman bystander were slightly injured. A crowd attempted to lynch the assailant. George Diskz Back In Portland Jail PORTLAND, Ore., March 7 fP) George Diskz, 46, Aberdeen, Wash., logger, was back in Jail again today after his third visit to the home of Jay S. Moltzner, former vice president of the defunct Guardian Building & Loan association. Dlskz, who claims he lost his life's savings of $2,860 In tho Quardlan failure, was first arrested Jan. 19 after he allegedly twice threatened Moltzncr's life with a rovolver. He wan order held for the grand Jury and released on bond. Police said he broke through an expensive glass door last night to enter the Moltener home. "1 don't want to kill anyonf!," Diskz was quoted, "I only want my money." Automobile Wreck Fatal to One Man SALEM, March 7 (At An auto mobile collision In Salem yesterday resulted In the death last night of Maynard Weathers, 22, of Salem who was riding In the car struck by one driven by Lorene Kitchen. Weathers suffered a fractured skull. Kitchen, driver of the other car, was arrested first on a charge of reckless driving, but later held on an open charge pending further investigation. He was unhurt. TAX BILL IS INTRODUCED IN THE HOUSE Measure, Designed to Raise Over One Billion, Features New Levies. HOUSE LIKELY TO GIVE IT APPROVAL Fate of Measure in the Senate Uncertain; None of the New Taxes Are Retroactive. WASHINGTON, Mar. 1 (IF) Tho husky new revenue bill, designed to bring $1,096,000,000 Into tho depleted treasury In tho fiscal year beginning June 30, was introduced today In tho house. ' ' Framed by tho ways and means committee, It embarks tho govern ment on a now course of levies through Its broad manufactures sales tax of 34 per cent from which $695, 000,000 is expected to be. returned. Consideration is slated to begin late In the-' week, with passage ex pected next week. Efforts to amend tho bill are to bo made in the house. (Continued on Page Fouri SOUSA'S BODY IN NATION'S CAPITAL Famous Bandmaster and March Composer Strick en in Reading Sunday WASHINGTON, March 7 (!) A snow-hushed capital sheltored today tho body of John Philip Sousa, the ,'groaC.xhbroh king, wuooo' career as. a baudmnetcr over 40 years led him to tho plnnaclo of International acclaim. Sousa died In Reading, Pennsyl vania, early Sunday morning. It was (Continued, on Pago Two) WOMEN SLAIN, BURNED AT BALSAM LAKE BALSAM LAKE, Wis., March 7 (tF) Con;erteU eotjts to Identify two women slain and burned beyond recognition In an automobllo near hero were being made by tho author ities today In tho hope this would help establish a motive and possibly some leads to the assassins. Motorists who were attracted by the blazing car and put out the flames with snow found the bodies yesterday. One of tho women had been shot through the head and tho other's skull crushed by a heavy Instrument. Their faces had been disfigured with acid and tho clothes of both satur ated with gasoline Investigators expressed belief the double killing was the work of gang sters and premeditated as the license plates had been removed and the spare tire tossed inside the car to be consumed by the fire. A piece of unmarked hotel stationery led to the discovery tho victims left a St. Paul hotel Saturday after registering as Margaret and Margie Porry, of Chi cago, both probably assumed names. Benton County Legislator Dies CORVALUS, Ore., March 7 Burtus W. Johnson, stato senator from Benton county, died at his home in Monroe Sunday from a heart attack. Ho was 00 years old, and was born In Coudcrsport, Penn., coming to Benton county with his parents in 1870. His father was an attorney hero for many yoars. Johnson operated tho Oaco or chards near Monroe, said to be the largest apple orchard In tho state. Ho was at one tlmo editor of tho Gazette In Corvallls. He served one term in the legislature and was ser ving the last hair of his four-year term In the senate. Tho funeral wilt bo held here Tuesday. KltKHHAKI) PAYS TUIIUITK "In Senator Johnson's death, the state of Oregon and Its . taxpayers lose ono of Its most useful citizens," Senator Colon It. Eberhard announced this morning. "Ho was an able and persistent investigator of facts re garding taxation and leglNlatlve ex penditure. His death Is a great loss." NO INSTALLMENT OP "HOY L'KAXY" TODAY 3 Q Because of lack of space, $ tho Observer was forced to withhold today's Installment of the serial story "Boy 4 Crazy." Today's Installment will appear Instead In tomor- $ row's issue. $ Local "Kitchen Chautauqua" To Begin Tomorrow Miss Hester, Heath . Ar . rives in La " Grande to Conduct Observer's Cooking School. Tomorrow will bo "Women"s Day" for La Qrondo, . It marks the oponlng of the long awaited FREE cooking school In tho Saoajawea ballroom 2 to 4 p. m. Housewives of La Grande and sur rounding territory have awaited tho opening program of the "Kitchen Chautauqua" for that Is what this Hester Henth year's cooking Bohool theme Is to be for weeks, ever since the dates and place were first announced In this newspaper. The "Kitchen Chautauqua" will bo under the 'direction of Miss Hester Heath, home economist lecturer, cul inary artist, home management ex pert, who talks annually with thou sands of housewLves in scdres of cities throughout tho Wost. . Mlsa Heath brings to La Grande (Continued on Pago Two) Icy Winter Hits Northern Part Of The Nation CHICAGO, March 7 P) Winter, which Is supposed to bo tottering to ward Its seasonable grave,- has come back with an Icy punch that sent residents of many sections scurrying to cover. Midwestern states which have been boasting of spring flowers, butterflies, and other signs of sprlng-rllke weath er, found themselves In the grip of near or below zoro temperatures which threatened thoir fruit. Snow, whipped by high winds, covered the highways In some parts and there was no lmmedlato relief in sight. Texas Has Snow Sweeping down from tho north, the cold wave covered the northern sec tion of tho nation, and In some parts extended below tho Mason and Dixon lino. Tho Toxas Panhandle began feeling tho effects of tho disturbance last night, . with snow flurries and temperatures that woro dropping rapidly. Tho Rocky Mountain region re ported temperatures - as low as 12 below zero, while from the east also came reports of chill winds and snowstorms. Traffic was tied up and communication hindered In parts of Pennsylvania and Western Virginia. Washington. D. C, was swept by high winds and biiow. -North Dakota ( hilly Up in Wllllston, N. D., tho mer cury got down to IB below. Even as far south as Louisville, Ky., thero was below freezing temperatures, with tho Kentucky metropolis re porting tho first snow of tho season. Chicago's two-year -old record of no-zoro weather was being threat ened. vi;Ann;it modkkatino In La Grando and Eastern Oregon tho weather moderated .over the weekend after a touch of winter last week. Tho maximum yesterday was 40 above and tho minimum 33. This morning tho minimum was 34 above. No new rain fell over the weekend In La Grande, although tho rainfall and snow tho lust of the week was qulto heavy. (Continued on Pago Two) Wallowa Lambs Are First On Market . rORTI.AND, Mar. 7 (At Two spring Iambs, the first of tho season, ap peared at tho Nortli Portland yards today, and started the year's price at the lowest mark In many years. The first pair sold at $10 each. The high prlco In tho past ten years was in 1929 when tho first arrivals on March 26 brought $18. Last year's first tombs, arriving Mar. 23, brought $11. In 1030, on Mar. 4 tho price was $13. Tho initial supply was shipped by A. E. Davis and sent to Portland by tho Wallowa county marketing as sociation from Enterprise. They were received here and sold to a Clark county, Washington market. i ' 11 RANSOM NOTE DENIED TODAY BY OFFICERS Statement Contradicts Jtarher Information m Lindbergh Baby Case. . NO DEVELOPMENTS POLICEMEN STATE Questioning of Johnson. Not Completed Re covery of Baby Upper most Thought. HOPEWELL, N. J., Mar. .7. (ff) Oov. A. Harry Moore announced to day that he would withdraw all po-, lice from the Lindbergh estate, to leave the road open for return of the. Lindbergh baby by the kidnapers, If. Col, Lindbergh should request such notion, but Col. Lindbergh refu)Md. to say whether he was considering; such a plan. i '' Governor Moore mode his statement at his office In Trenton. ... He was asked whether there ni any boslB for the police belief that tho baby was alive, expressed at Hope- ' well today by Police Oapt. J. J. Lamb.' "We have no tangible evidence that' the child Is alive," he replied. "We' are watching the cose every minute and there are no new developments- We are . cooperating with, the land-: berghs all the time. , ' "My Idoa Is to put every resource, of the state and nation. In the case.j The -forces of. the secret service are working throughout the country." , , SOLD MILK TO COUPLE NORWALK, Conn., Mar. 7 VP) i , Jimmy Blstany, owner of a restaurant' , on. the Boston post road between i Stamford and Norwalk, reported to Norwalk police today he had sold a bottlo of milk at 11:30 p. m. Tuesday to a man accompanied by a woman Hnd baby.',.;,;:,;1'.;:t?.1.:,.; ;V'.-;-y y. IJIstany told police the man; ' wtiof ,'. was riding In a green- (Chrysler)' coupe, answered newspaper descrlp-' : . tions of Henry (Bed) Johnson of En- ' glewood, N. J., detained In Newark, N. J for questioning in the kid-' c (Continued on Page Pour) REVOLT ENDS . WITH FAILURE , IN FINLAND HELSINGFORS, Finland, Mar. 7 OP), Finland's fascist revolt was ended, today, the government said, and all of the leaders were under arrest. - . , The leaders, Including General Marti Wallenlus, were brought hersi by GoneraJ Malmberg, commander of j tho civil guard, and handed oyer to Helslngfors police.- They .had held! out at Mantsala, a town 25 miles' from tho capital, since the beginning-, of tho revolt a week ago. -- j They had threatened to march on the capital from there, and to occupy! Helslngfors unless Marxists and com-; iminlsta wore forever barred from, oo-i cupylng posts in the government. . Political Fights j , Occur In Berlin BERLIN, Mar. 7 W) One person was killed and eleven wounded, in political fights that kept police on tho Jump in all parte of Berlin in, tho last weekend before election day.. Ono member of Adolf Hitler's na tional socialist party was shot dead and four serlouBly wounded In one fray.- Six Republican relchsbanner men were nujrt in conflicts after the largest single demonstration, of tho campaign in which 50,000 repub-. llcans, representing the anti-fascist "iron-front," thronged the Lustgar ten while half a dozen airplanes with. President Von Hindonburg's name painted on their wings, roared over-' head. - ' ; Wheat Today CHICAGO, Mar. 7 W Wheat prices underwent a decided setback Into today after announcement the United States Trlslble supply showed 4.037.000 bushels increase for the week. On a preceding bulge, September dollvory of wheat equaled the sea' son's top quotations. Apprehension of crop damago by tho cold wave wa largely responsible, together with, sterling at a new high for tho year. Whcut closed unsteady, a Tto lower than Saturday's finish. Corn 'AeHc down, oats 14V4o off and provisions varying from 2 cents dej cllne to an equal gain. PORTLAND, Mar. 7 OT A huge Increase In tho American visibly sup- . ply, caused weakness and price lose In tho domestic wheat trade after ft bullish oponlng. On the Portland fu tures market May closed with a lose of 4o as did September but July waa unchanged. There was no trading. On the merchants exchange cash wheot lost fto bu, ' . t