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About La Grande evening observer. (La Grande, Or.) 1904-1959 | View Entire Issue (Oct. 20, 1932)
CITY EDITION fell Associated Press Lease . Wire ftervlos 8 PAGES TODAY Only Newspaper Printed in La Grande Covering Union and Wallowa Counties VOLTJME 31 member associated fBEga amp a. b. o. LA GRANDE, OREGON, THURSDAY, OCTOBER 20, 1932 bmwbm objqow h ucapiwo nbwhfapkb NUMBER 43 Gity Budget Prepared HEARING TO BE HELD ON NOVEMBER 16 J Estimated Expenditures ef. and Receipts Both Re duced in New Budget NECESSARY TAXES ARE $920 LOWER Amount to Be Raised By !"' General and Special Taxes During Next Year ; is $125,720. CITY BUDGET FACTS Year Total Tax Total 1031 H60.812.23 $121,662.23 $ 1932 160.430.00 126.640.00 $ 1933- 141,120.00 125,720.00 S $ Tentative budget, BUbJect 4 to final approval after Nov. 3 16 hearing. ...... 4 A tentative city budget for 1933 was drawn up by the budget commit tee last night, meeting at 8 o'clock after .the. city commission session. As tentatively adopted, the budget esti mates . expenditures at 9141.12U and recelpta at 946,800, leaving a total of 906,320 general taxes and $30,400 spe- olal taxes to bo Talsed. The total expenditures are more than 99200 under the 1932 figure and nearly 920,000 under the 1931 figure. Receipts,' however, are correspond ingly' lower, and as a result, the amount to be raised by taxation shows a decrease of only 9920 as com pared with 1932. - . The amount to be raised by special taxes 930.400 Is necessary for the retirement of 914.000 principal and payment of 916,400 Interest on gen eral bonds. . . , i . Hearing Nov. 16 A public hearing of the budget will be held on Nov. 16, at which time ottiwns may file any objection In .re lation to the budget. - - . Estimated expenditures for the next budget year, which begins on Dec. 1, follow: ' , Officials 99380: fire department 918,240; health department 9460; Riverside park 91000; police depart- (Contlnued on Pago Five) RICH EASTERN OREGON WOMAN DEAD IN BAKER BAKER, Ore., Oct. 30 m Mary Richardson, who came to Oregon from Prance via the Isthmus of Panama In 1861 and went to work as a bakery girl In Portland, later going to Mal heur City In the gold rush of 1873. there to lay the foundation of one of Eastern Oregon's largest fortunes, died early today in her modest home on Main street here. She was born In Lorraine 01 years ago. Mrs. Richardson, whose husband died loss than a year after their mar riage In 1877, operated a large gen eral store In the rough frontier min ing town of Malheur City on the Baker-Malheur county line 25 yeara, grub staking prospectors and occa sionally acquiring mining' Interests an a side line to her mercantile business. She sold her interests there in 1808 and moved to Baker. Her funds were -loaned on farms and bU3lnes3 prop erties In this and adjoining counties. She was believed to have accumulated a larger estate by her own efforts than any other woman In Eastern Oregon. Baptist Women In Conference Today Women of the Qrande Ronde Bap tist association gathered in La Grande this afternoon and opened a one-day meeting at a short devotional service at 11 followed .by, a 1 o'clock lunch eon at which women of the local church were hostesses. .' , A varied program has been arranged for the afternoon with the different societies of the association furnish ing numbers. WHAT HER FORECAST Oregon: Generally fair to night and Friday: cloudy and unsettled' In northwest por tion: little changs In tempera ture: gentle changeable winds offshore. WEATHER. TODAY 7 a. m. 33 above. Minimum: 31 above. Condition: Clear. WEATHER YESTERDAY Maximum 56, minimum' 30 above. Condition: Clear. Range: 26 degrees. , WEATHER OCT. 20, 1931 Maximum. 56, minimum 37 above. Condition: Clear. Range: 19 degrees. Bob Oesterling Lost to E. 0. N. Team for Season Quarterback Suffers Frac tured Jaw in Boxing Bout With Albion Com ing Here Saturday. The best forward passer on the Eastern Oregon Normal school football team is through with football for the year. That was the sad news that came from Coach Bob Qulnn today, and with Albion State Normal college coming here for a game Saturday af ternoon, this development lowered Mountaineer chances a trifle. Bob Oesterling, regular quartet back on offense and defensive center, sui fered a fractured jaw in the Tuesday night smoker held by the Men's club, although It was not discovered unt'.t yesterday. He was boxing Slack It the main event, and stopped a ter rific punch. Although a bit groggy at the time, he finished the match and appeared in good condition'. Dm-, ing the night, however, the Jaw pain cd him and yesterday an X-ray pic (Continued on Page Five) Wallowa Eleven To Play Tigers Here Tomorrow Although La Grande High is favor ed to win from the Wallowa eleven, all indications point to an interesting grid tangle here Friday afternoon at 2 o'clock when the two old rivals meet. Wallowa, off to & poor start with new material. Is reported to be rounding Into mid-season form and promises to give the Tigers a full afternoon of attention. The team from the neighboring town has been showing Improvement from week to week and expects to be capable of presenting a stubborn defense to the powerhouse tactics expected of the heavier Tigers. Originally the game was scheduled for Saturday afternoon, but an auto mobile accident near Pocatello, Ida., last week caused the change-to Fri day. All student body tickets nre good for the game regardless of the date. Because of the accidental death of President Bocock, of Albion Stutj Normal, which was scheduled to play E. O. N. here Friday, and the an nouncement that Mr. Bocock 's fu neral would be held Friday, it was necessary that the Alb Ion -E. O. N. date be changed to Saturday. Both Wallowa and La Grande high schools (Continued On Pago Five) Gleason Believes He Will Defeat Steiwer Nov. 8 Walter B. Gleason, the Democratic candidate for United States senator for Oregon, came to La Grande from Pendleton yesterday afternoon, made a short trip up the branch, and spent the evening with local Democrats. This morning, after visiting around town for a couple of hours; he went on to Baker. Mr. Gleason has been on an exten- slvo tour of the state, winding up In Eastern Oregon this week, and be lieves that he will be able to defeat Frederick Steiwer, incumbent, In the senatorial race. He also believes that Gov. Roosevelt will carry the state by a margin of 60,000 votes. Mr. Gleason pledges himself to work for the repeal of the eighteenth amendment, immediate payment in full on veteran's adjusted compensa tion certificates, and federal guar antee of bank deposits In accordance with W. G. McAdoo's minority re port to the Democratic national con vention. His view of other political races In the state is that Mr. Starkweather will be elected congressman from the first district in preference to Mr. Mott, and that Judge Jim Maloney will easily defeat Rufus Holm an for the office of state treasurer. Mrs. Sarah C. Scott Dies at Vale, Ore, Ity Mrs. MaJiln Htcvrnsnn (Observer Correspondent) JOSEPH (Special) Mrs. Sarah C Scott, a pioneer of Wnllowa county. died Wednesday night, Oct. 19 at tho homo of her son. Tom Scott, at Vale. Ore. Mrs. Scott was about 87 years of ago and very widoly known. She leaves, besides her s6n. several grandchildren and a number of great-grandchildren. The funeral service will be Friday afternoon at 2 o'clock at the Metho dist church at Joseph with burial In the Prairie creek cemetery. Accuses Roosevelt Of Dodging Issue OMAHA. Oct. 20 UPi Secretary of War Patrick J. Hurley today said Governor Roosevelt was "dodging the Issue" end resorting to "flagrant mis representation" in his presidential campaign speech at Pittsburgh last night. Discussing the Democratic nom inee's governmental economy pro gram in an Interview before starting lor Chicago. Secretary Hurley cited points on which, he said, Roosevelt "failed" to declare himself. INSTALLMENT OF WAR DEBT WILL BE PAID France "Will Pay Scrup ulously Our Commercial Debts," Herriot. "POLITICAL" DEBT ANOTHER MATTER Administration Officials Refuse to Discuss Pre mier Herriot's State ment Today. PARIS, Oct. 20 (P) France plans to pay promptly the December in stallment of the $400,000,000 French "commercial" debt Is for army stocks States, Premier Herriot was quoUd by Parl3 newspapers today as saying, but she' will continue efforts to secure cancellation or reduction of the rest. of the debt by negotiation. The declaration ascribed, to the pre mler was reported to have been made- last night at a session of a committer of the chamber of deputies. Thb "oc mm ere! al" debt Is for army stocks bought during the war. ' The question whether France In tended to pay her war debts to the (Continued on Paso Five FAIR CROWD AT ELKS '49 SHOW Colorful Parade Precedes Program Show, to Con tinue For Three Nights The Elks Days of 49 show opened last night at 8 o'clock at the Saca Jawea ballroom with an attendance that equaled first night crowds In former' years.. Enthusiasm reigned and.-the-gaining tables, and dance frena : were, crowded' . wflh.. merry makers, : The show ; will continue for four nights and record breaking crowds are expected, H. S. Browning, chairman of the committee, announced this morning. The Elks decided yesterday morning to continue with the celebra tion in spite of local business con ditions, believing that the activity would bolster up civic morale. A lively parade, with the La Grande band leading the procession, marched from the Elks temple to the Saca Jawea Inn preceding the opening of the event. Members of the lodge, dressed In gaily colored shirts and neck scarfs, marched with the band. (Continued on Page Five) School Claims Are Forwarded To Adjusters Extreme claims which Include res toration of all of the outside1 walls of tho La Grande High school building. badly damaged by fire early in Sep tember, were made In the proof of loss which was sent to the fire ad justers In Portland yesterday by Ray mond O. Williams, clerk, on behalf of the school directors, C. R. Eberhard, chairman, announced today, i The claims are not only of damage to the building and full replacement to tho outside walls but also the full (Continued on Page Five) F. R. Speaks on Pelham D. Glassford Resigns Post As Washington, D. C. Police Chief WASHINGTON. Oct. 20 MV-Pel-ham D. Gloss lord, superintendent of Washington police who was at odds with administration members over the calling of troops to evict the bonus army, has tendered his resignation to tho District of Columbia commis sioners. Glassford, a retired brigadier gen eral, disputed statements by his su periors that ho had said troops were necessary to restore order following clashes between veterans and police. His resignation, however, grew out of offlclnl opposition to changes In personnel he wiHhed to make In the police department. Criticised because of the manner In which he handled the bonus army. Glassford replied by declaring that the situation was never out of con trol of the police. He contended that tho calling of the troops who drove the veterans frorri the government property on July 28 with tear gas and bayonet was unnecessary. Challenges Mitchell's Statement Tho police chief also challenged a statement by Attorney General Mit chell which said the bonus army probably brought to Washington "the largest aggregation of criminals were BUSINESS AS: USUALSLOGAN HERE TODAY Although Without . Bank, No Appaient Abatement in Business Circles. ' STATEMENT ISSUED BY FIRST NATIONAL Bank Might Be Reopened in the Event a "United PublicA Effort" Were Forthcoming. With the Issuance of a detailed statement today In relation to the closing of the First National bank of La Grande yesterday, the financial horizon appeared a bit brighter. The statement that depositors would suf fer practically no loss was reported and there also appeared a slight chance that the bank might he re opened, providing a ."united public effort" were made. It Is presumed that such a step would require sign ing of waivers, although, this was not so stated. In the meantime, although without a bank for the first time within most people's memories, the city went about its work much the same as usual, refusing to become panicky. Activities continued unabated, with the Elks '40 show enjoying a fair- sized crowd Wednesday and Falk's La Grande store beginning a big Bale to day. There was no inclination ap parent on the part of . anyone to -ease up- in enoris to iorge aneuu; in fact, the conunainlty as a whole merely 'rolled up its collective sleeves a bit farther and pitched Into the work at hand. Money, naturally, was tied up, al though it Is estimated by many that a largo sum, possibly several hundred thousand dollars, is on hand in -the community in cash, postal savings and available because of accounts in other financial Institutions. Some of the merchants made do- (Continued on Pago Seven) Century -Old Wine ; i For Hollywood Is Seized In Mexico 3 ' TIJUANA. Mexico, Oct. 20 Q 3 iP) A shipload of French and 3 Belgian wines and liquors a century old which was seized 3 $ at Ensenada, will be sold un- $ Q der the auctioneer's hammer at Ensenada Saturday. The car- S go, customs officials said, Is $ $ worth $252,601.36. i 3 . They said the liquor was & brought In the Quande Meme j Q around the Horn by Felix Lo $ Orlguer. Authentic labels, of- S S ficlals said, showed that the $ most valuable part of the car- Q go Is 2641 cases of champagne made- during the time of Na- 3 poleon. It was destined, officials said, for Hollywood but both S 3 ship and cargo had been $ 5 abandoned. 3 0 Bandits Liberate British Subjects MUKDEN, Manchuria, Oct. 20 W Mrs, Kenneth Pawley and Charles Corrkran, British subjects who have been In the hands of Chinese ban dits for several weeks, were liberated today. It was reported that they had reached Panshan today and would be at Newchang tomorrow, on tho way back here. assembled in the city at any ono time." There was less crime during June and July when the veterans were on camped In Washington than In Au gust after they were driven away, re joined Glassford. He participated In tho summer fighting which resulted in two vet erans being fatally wounded by po lice bullets. His badge was snatched by a veteran but the police head quickly recovered it. After Glassford announced plans for a reorganization of his force, op position developed to the transfer of Inspector Frank S. W. Burke, head of the detective bureau, to another post. In his letter of resignation, the police superintendent said he ac cepted the offlco on condition that he would have a free hand in the selection and assignment of "my principal assistants." "I find myself." he continued, "in the equivocal position of so many other police chiefs in the United States, namely holding a position of great responsibility but deprived of the essential authority to discharge It without fear or favor." Me on TURNS BACK 1 ... Dolores Rev, movie pluycr, turned her hack. on a million dollars when she left tarry Funk, orchestra leader, he revealed In a divorce net I on in Cleveland. Funk's petition wild Ills uifo was "money mad u nd wouldn't go with anyone unless ho had a million," Then Funk revealed tluit his wife tacked foresight for ho linn Inherited "enough to put me In the millionaire class,' he sain. Miss Itey and the back she turned are shown above. . Portland Woman Elected Head Of Synodical Groiip BAKER, Ore., Oct. 20 (Special) Mrs. Douglas I. Bates, Portland, was elected president of the Women's Syn- odical society of the Presbyterian church at the close of its 14th annual meeting hero yesterday. The session was attended by more than 70 wom en representing all sections ol the state. Mrs. Bates succeeds Mrs. A. D. Thompson, also of Portland, who re tired after serving fire yeavs. Mrs. Thompson, .who is the wlfo of the church synodlcal executive, was pre sented with a Bible by tho assembly. Othor officers are: Mrs. R. H. Mort, Portland, vice pres ident; Mrs. R. W. Achor, Oregon City, stewardship vlco president; Mrs. J. E. McCall, Portland, recording secretary; Mrs. R. W. Miller, Portland, corre sponding secretary: Mrs. Charles Ad ams, Eugene, financial secretary; Mrs. R. H. Decker. Portland, young peo ples secretary; Mrs. E. D. Oelger, Port land, Intermediate senior secretary; (Continued on Page Fiver Insull Complaint Filed in Courts NEW YORK, Oct. 20 (T) A com plaint fltcd in United States district court today In an action to recover securities pledged Witt bnnks and others, .charged that Insull Utilities Investment, Inc., borrowed $27,400,000 In yet unpaid sums from banks and $G00,000 from the General Electric company. Bonus Against Payment Now Because Of Treasury Deficit IN!MN,IOIjIH. Ind., Oct. 20 W) To a throng covering every. Inch of ftparo In this city's wide monument circle, Governor Franklin I). Rome vflt Nhofitnl the assertion today that tho nation Is "remaining calm In the fain of organized and riithlcNH propa ganda of rlMrnth-lmiir poll lira I des peration which dangles the old ghmt of panic before onr eyes." By F. d. VmlnirKh (ABKOcintcd Press Staff Writer) ABOARD ROOSEVELT SPECIAL, En Route to Indianapolis, Oct., 20 r For the first time In the campaign, a declaration on the bonus lay be hind Governor Rfxmevelt today as the Democratic presidential nominee sped westward from Pittsburgh to ward tho hotly disputed territory of Indiana. Shouted Into his campaign rocord through the microphones at crowded Forbes Field last night was the New York governor's assertion, made with vigorous gestures, that he does "not now ih, how" a nation with a heavy (Continued on Page Five; ON A MILLION WHEAT DOCKAGE ROW IN DEADLOCK Max . Gehlhaiv Threatens Legal Action Portland Grain Trade Stands Pat PORTLAND, Oct. 20 OP) A 'dis pute between Max Gehlhar, director of the Oregon department of ogrl oulture, and tho grain trado of Port land apparently had reached an cm paase here today over the matter of dockage and grades. .The argument arose not only over the definition of tho torm. "dock age," but over Its application. De spite Implied threats of legal action tho grain trade hero has refused to chango its attitude and hns said' tho matter will bo permitted to go to the courts if enforcement Is de manded. Grain men contend that tho state law, quoted by Oohlhar, allows them to ignoro tho dockage rules which tho state is trying to enforce. The letter from tho legal department of the Btute, enclosed by Gehlhar In his demand that the grain trade obey the ruling, said: "Under this section fll-612 of tho code tho commission shall fix and establish standard grades to apply to all grain and hay bought or handled by public or terminal warohousos in tha state; such grades to conform to those now or hereafter established (Continued on Pago Five) QUESTION TWO IN DEATH CASE IN PENDLETON PENDLETON. Ore., Oct, 20 (Spe cial) Police are holding Frank Thu crwachitc, 20. Chambers Prairie. Wash., and Frank Craig. 27, of Baker for questioning In the death of Arthur McGram, 22, Tooele, Utah, under tho wheels of a switch- engine between Pendleton and Rleth Tuesday night. The men admitted coming from Bak er Tuesday and prowling about cars at Rleth car yards. They also admitted drinking heavily and officials believe that McGram was Intoxicated when he laid down on tho tracks, A switch engine mangled him badly and ho died Wednesday in hospital hero. Thuerwochlto and Crn.y were arrested by night police hero on suspicion or car theft, tho car they fled from at the approach of officers belonging to a local resident. Hoover To Speak In New York City NEW YORK, Oct. 20 W) It Wits said at Republican national commit tee headquarters today that President Herbert Hoover, necking reelection, will deliver an address hero either on Oct. 31 or Nov. 1. The speech. It was said, will be made In Madison Sqtinrn Garden. It also was learned tho president may speak In Boston around the same time, but that plans for this addresA are not definite. Mr. Hoover also has boon asked to speak In Philadelphia and Newark. N. J., but no decision has been made on these appearances. Alfred E. Smith Urges Support Of F. R., Garner "Bright Star' Guiding Nation Into Harbor is "Full Democratic Vic tory" He Says. NEW YORK, Oct. 20 W Alfred E. Smith, plunging Into the heat of the national campaign, declares that the "bright star" guiding tho nation Into a "harbor and haven by repose Is complete and full Democ ratio vic tory In November." Cheers echoed In tho Tammany wigwam last night as the former gov ernor, making his first speech of th national drive, spoke the names ol Gov. Franklin D. Roosevelt ana Speaker John N. Garner. , He said; 'I have been privileged In the past i and from a Democratic standpoint I think the leaders of the party will BtlU extend me tho privileges ox op oak ing on behalf of the rank and file of our great party in this city to know that the loyalty, tho devotion of the great Democratic organization of this city will be exerted to the lost degree In favor of the election pi Roosovelt and Oarner." Democratic Record Praised' A crowd that Jammed tho auditor- lum In Tammany headquarters ana spilled over into the streets laughed and cheered as the former governor, Jibed at the Republicans as taking ad vantage of the "open season on bunk" and praised the Democratic record. State and city Issues occupied moat of his address .because, .he said, he would discuss things national In New ark, N, J., Monday night and at the "windup" in New York City. He said tho "overwhelming re-election" o Senator Robert F. Wagner was a "nec essity." 1 "His was. tho first voice that was raised In the national capltol In fa vor of something to be done by tho government In relief of uncmploy- ( Continued On Page Five) Chief of Police . At Walla Walla Killed in Crash wAttA:3Wfcu; ; wfc; 'pot: "wi --On a . false flro ' alarm, believe? turned In by a evoh.-year-olcl boy who stood on hla play wagon to reach the alarm box. authorities today blamed the collision of a tire truck and a patrol car, In which Chief of Police E. B. Vogol, 48, was killed. The youngster's name was with hold, but ho was t)uestloned by au thorities lost night, several hours af ter the crash. The machines came together at a street Intersection yes terday afternoon while both were traveling at a high speed, with the flro truck turning over and the po llco cor bounding over a curbing aim crashing Into a houso. Hurled from the pollco car, Chler Vogol was almost Instantly killed, whllo George Barton, who was driving tho fro truck, was also thrown to the pavement, receiving a fractured vertebra. Physicians said he would re cover. Throe others wore less seriously In jured, Philip Stalker, a federal agent riding with Vogol, "receiving a broken rib and severe cuts on the head, and Tom Plcard, flro company captain, and Howard Lcepor, a fireman being cut and bruised. f Vogol, who had been police chief since 1029 after 13 years as a deputy sheriff, Is survlvod by his widow, two daughters and a son, Leo, graduate of the University of Washington. Believe Thomas Kidnaping a Hoax IlEDONDO BEAOK, Cel., Oct. 30 P A pollco suHplclon that Elliot B. Thomas, 83, Mission City school sup erintendent, had perpetrated a hoax by throwing his office Into disorder to make It appear he had been kid naped by robbers gained strength to day sb authorities sought him on a chargo of making false statements. Although admitting ho had no con clusive hint as to a motlvo for Thom as' suspected action, Captain Norrls Stonsland of the sheriff's department said yosterdny he was convinced Thomas had conceived an elaborate scheme tto dlsapper. Oregon Finishes 2, 3 In Contest DETROIT, Oct. 20 W Lylo Ham mock, of Portland, Ore., and R. J. Thomson, Corvollto, Ore., placed sec ond and third respectively yesterday In tho Junior division of the sixth In ternational butter contest, sponsored Jointly by the National Creamery Butlermakors' association and the Dairy Industries Exposition, now showing horo. Will Wise-cracks On Wheat Tariff BUENOS AIUB3. Oct. 20 (IF) Will Rogors, who was the guest of the Am erican colony at a dlnnor Inst night, said, ho wos("Amcrlca's gift to thoso who didn't seo tho Prince of Wales." I'm horo to lowor the tariff." the humorist snld. "Argentina exports wheat, moat and gigolos, and the United States puts a tariff on the wrong two." EX CABINET MEMBER FOR G. 0. P. HEAD Ambassador Explains His Views in Manchester, ; England Today. "REAL QUESTION IS OF LEADERSHIP Henry 1 Ford, Detroit Manufacturer, Speaks . Wednesday N i g h t in Support of Hoover. ' MANCHESTER, Eng., Oct. 30 (m United States Ambassador Andrew W. Mellon gave his complete endorsement to the record of the Hoover adminis tration today In an address before the English-speaking union. He endorsed the measures taken by the administration to meet the eoo nomto crisis, he denied that the American tariff has had the adverse effect on trade with which It some times has been eredlted, and he ex pressed regret that the American elec tlon Is not to . be decided on the merits of Important policy, "but rath er on the vague and general issue of discontent with existing conditions.'" "There Is. a disposition on the pnrt of many people which is not unnat ural perhaps, however unfair it may be. to blame the president and ' his administration for the calamities which have overtaken America ' and the world," he said. v Attitude Held Unreasonable- ' "It would be Just as unreasonable to blame the governor of Massachu setts for the low prices of textiles, or the governor of Minnesota for world conditions whiah have requited In 'ft low price for wheat. ' - "In the case .of. .President Hoover it is particularly unfair, for no one has worked, harder and, , I think, , more Intelligently and with more, courage and; vision than has - the -president both in his efforts to avoid Impending calamities and to mlnlmlfle -Jlrtelr-Atfeotawhen. they. eame." -." v .v- Mr, Mmlon's. support of President Hoover echoed throughout the speech. , "In the final analysis." he- said, - (Continued on Page Seven) IDAHO BANKS EXPECTED TO RE-OPEN SOON BOISR, Oct. 20 W The First Na-: tlonal bank of Idaho and nine af filiated banks In Idaho and Eastern Oregon are expeoted to open within tho next few days, the Boise Btates- man said today In a dltpatoh froml. Washington, D. C. ; I This dispatch stated' that tho re-J construction finance corporation 7ea-' terday voted to make an advance In cash, which) added to the liquid as- all the affiliated institutions to- re open. Tho banks olosed Aug. 31, with deposits amounting at that time to -about 10,000,000. The reconstruction finance corporation voted a cash ad vance after being informed that tho bank's 9300,000 stock Issue had been oversubscribed and depositors' waivers , here being Blgncd. , . ? A report from the Boise committee . said depositors representing about Tiim.tVi I rHa nf fhfi niwirinri nmrviint. hnrf ' signed waivers for regulated with drawals. ' Federal Home Loan Bank To Function nntuKr iun rnt- nn am' within not more than two weeks and prob ably within a week, the federal homo loan bank of Portland will be pre pared to lend money. . c ' This statement was made today by Frank 8. McWllltams, chairman of the 11th district board, who reached Port- in nH vontnrriAV to confer with directors of tho Portland bank and to arrange details Incident to establishment of permanent headquarters of the Insti tution, v Loans win do avauaoie as soon ns -the organization of the board is com- , pleted, McWllltams said. CHICAGO. Oct. 30 VP) Halns re ported In Cordoba ond North Rosarto, Argentina, a section wnoro moisture was much noeded, had a bearish et feet in the wheat market late today. Pegging of wheat quotations at ' Winnipeg ascribed to government sponsored sources, tended to curtail speculative Intercut, traders being dis inclined to operate freely with what was regarded as artificial support off setting hedging pressure. North Am. erlcan export demand for whoat wa dlsappolntly scant, . Wheat closed unsettled, as 'AO be low yesterday's finish, corn a (4o down, oats unchanged to (40 off, and provisions unchanged to ft cents de cline. , , 1 ' Wheat Today j
