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About The Oregon statesman. (Salem, Or.) 1916-1980 | View Entire Issue (April 25, 1929)
PAGE TWO The New OREGON STATESMAN, Salem. Oregon, Thorsday Morning, April 25, 1929 BULL I T ST1LLSTB0NG Nervousness of Traders Is Noted as Drawback to Price Boosting I Sorry! I JflHN THAIS v NEW YORK, April 24. (AP) 'Ball forces made a rigorous ef fort to sain complete control of the stock market today, but fsnnd traders highly nerrous and quick to take profits at higher levels. Selling swept the market In such volume toward the close that the Associated Press index of SO in. dustrials recorded a loss for the day of 3 points. Total sales crossed the 4.000.000 share mark for the third time this month. ; Call money held at 8 per cent all day. Allls Chalmers was an outstand ing strong point. Jumping nearly 17 points to a record price at 205 in buying said to be for the ac count of interests close to tne management, earnings for the year are estimated at about $20 per share, and the company has no preferred stock or funde 1 debt. Calumet and Arieon soared near ly 12 points on the dividend ac tion. some of the chemical shares . were again in demand. Union Car bide and Commercial Solvents set ting new record prices. Other shares breaking into new high ground included Bohn Alum inum, Child3 Co.. F. G. Shattuck International Business Machine Trico Products, and Yellow Truck Motor body issues were accu m u la ted on the strength of record production of automobiles. Hayes Body reaching a new high. Curtiss Aero moved tip about 4 points, but lost most of its gain. Postum was heavily bought Simms Petroleum was again turn ed over In large volume, reaching a new hijrh at 34 U, but closing at 32ii. U. S. Steel was firm, clos ing about a point higher. Shares sinking 1 to 4 points in profit taking included Allied Chemical. Consolidated Gas. Con tinental Baking A. Du Pont. Gen eral Electric, General Motors Mack Truck. Montgomery Ward. National Biscuit, New Haven. Paramount, Radio and Spicer. if SE&r Br "The Woman Disputed" is the title of tbo vehicle which stars Noma Talmadge. The show opens FYiday at the Ebinore. Two Wives Lay Cruelty To Spouses Two suits for divorce were fil ed Wednesday, in circuit court both on the part of women who al leged "cruel and inhuman treat merit" for their husbands. Mrs. Hazel Jackman, married In Vancouver hi April. 1927, al leges that Albert Jackson, her husband, has a violent temper which has oftentimes led him to strike her and to treat her cruel ly. She asks for a divorce with out alimony, a property settle ment having already bean made. Mrs. Ran Martin asks a divorce from her husband, Rodney Mar tin, whom she married at Kelso in 1927. Failure to provide as well as cruel treatment are set forth as causes for the action. Can you afford to be without The Travel Accident Insurance Policy Issued to Statesman read ers when it costs only $1 per year? Mil GIRL. IN 12-Year Old Miss Laid to Rest at Belle Passi Cemetery WDODBURX. April 2 4. Fu neral services for Eloise Barstad, who died Friday evening as a re sult of injuries received when she was struck by a passing auto on the highway near here, were held from the Lutheran church Mon day afternoon with Rev. H. Rogen officiating. Special music was by the Lutheran church quartet, and solos by Mrs. H. Rogcn and Miss Myrtle Farman. The pallbearers were Agnes Brachman, Li la and Esther Ashland. Thelma Anomby. Alice Block and Esther Erickson. Eloise was the daughter of Al bert Barstad and was born in Ed more. North Dakota, May 4, 1917. She moved to Oregon ten years ago ana has lived here all her life, being in the fifth grade at Belle Pass! at the time of her death. She is survived by six brothers and five sisters besides her parents. The brothers she leaves are Tilpher, Glenn, Lloyd, Adler, Martin, who was struck and slightly injured by the same car which killed Eloise. and El mer of Edmore. North Dako:a The sisters are Mrs. Howard Nel sou. Woodburn; Mrs. H. H. Lunt, of Longview, Washington; Mrs. Amanda Blnegar. Salem; Mabel, and Violet, at home. Interment was at Belle Passi. TO 16 HERE v Dramatic Tenor From Port land Scheduled for Two Nights at Elsinore Announcement is made to the fact that John Thomas, dramatic tenor of Portland is to appear at the Elsinore theatre this evening and again on Sunday evening. The appearance of Thomas In Salem has created a world of in terest la musical circles. Thous ands have heard this boy over the air from stations (KGW) (KOIN) (KXL) of Portland and (KOMO) Seattle, his appearance here be fore the Rotary club last wed nesday was the cause of a tre mendous ovation. Thomas sings with splendid ef feet, beautiful diction, and great power. His songs are the songs that everyone enjoys hearing. All of his songs are sung in English although he Is well versed in for eign repertoires but prefers to be understood while singing for American audiences. Arthur Middleton, the Metro politan star while on concert tour heard young Thomas sing and pronounced his voice as one of the most perfectly placed and with greater possibilities than any voice he had heard in a decade. The musical critics of Salem will have an opportunity to enjoy to the fullest, the public appear ance of Thomas at the Elsinore tonight. He will be accompanied by Marie Hursey the well known pianist and accompanist. The regular feature screen pro duction of "Jazz Age" will be seen and heard in connection with the appearance of John Thomas. Initiative Bill Restricts Operations of Fraternal Insurance Firms in State Slffll F. T. L Hi REHEARSALS Boost Unlikely In Total Value Of Assessment Little prospect for an increase In the total amount of assessed property in Marion county is fore seen for the 1929 roll by Oscar Steelhammer, assessor. One of the principal reasons for the failure of the assessment roll togrow lies in the fact that hereafter neither state nor national banks will be assessed on their stock. Under the excise law passed by the state leg islature in its last session, stocks of banks bear no direct tax but profits of banks and similar cor. porations are to be taxed five per cent. Where banks own real pro perty this is to be assessed in the same mannef that other property is assessed. STAYTOX, April 24. The Par ent-Teacher entertainment is com ing along fine. A dress rehearsal will be held on Wednesday and on Thursday and Fright nights Stay tonites will have the opportunity of a life time, to see their friends and neighbors "do their stuff" be. hind the footlights. Beside two one-act plays there will be plenty of music, magic and other entertaining features. Work Progresses On New Room for 5c To $1.00 Firm Razing of the interior of the old Oregon theatre to make way for the remodeling of the building as a location for the Metropolitan Stores, Inc., is proceeding rapidly, with equipment of the theatre be ing taken out daily to make way for the contractors. A lease on the building was con sumated this spring for the next 30 years by' the Metropolitan In terests which art large operators of fie to $1.00 stores in the east. An Initiative bill was filed with the secretary of state here Wed nesday which wonld require, un der certain conditions, a rote of the people of the state before fra ternal insurance societies or insur ance companies would be 11 tensed to- transact business in Oregon. A similar restriction would pre vail in cases where fraternal so cieties and insurance companies apply for a renewal of licenses. It was said that the initiative bill was sponsored by policy holders who bare grievances at certain fraternal benefit societies which have found it necessary to increase the rates affecting older members. A vote of the peopl9 would be required in the following cases: Where any company or fratern ity has raised the rates after agreeing not to do so within six years prior to the passage of this act or hereafter. Where the Insurance company has used or shall hereafter use any part of its funds to start another insurance company or fraternal organization within six years pri or to the passage of this act or shall 'hereafter do so, and has raised or shall hereafter raise the rates on life insurance policies or certificates In force. Where the life Insurance policy or certificate has been lapsed with in six years or shall hereafter lapse after an increase of 10 per cent, or more in any one year in the premium rates and the insur ance company or fraternity has not refunded to the policy or cer tificate holder on demand the am ount of the premium paid on said policy or certificate. Where .any life insurance, pol icy or certificate has lapsed after an increase of rates of more than 10 per cent in any one year and the person on whose life the pol icy or certificate .was written has died and the death having occur red within a time not more than one-third of the duration of the policy, or certificate from Its be ginning until the increase and the insurance company has not paid. The Initiative bill virtually Is the same as a measure Introduced in the 1929 legislature, but which failed to receive a favorable vote. The petition has been referred to the attorney general for ballot title. The law requires the signa tures of 15.756 qualified voters to the petitions before the mea sure can be on the ballot. In case the required number of signatures are obtained the measure will go on the ballot at the general elec tion in 1931. Conditions under which a life Insurance company may 'be li censed without a vote of the peo ple Is included in the petition. Persons sponsoring the measure are Frank W. Hamilton, George N. Clough, M. C. Mace, I. Fried man and J. F. Reinhard, all of Portland. GIVEN 10 HKT M The plaintiff In the case Given vs. Hill won a verdict of $400 when the jury came In at :15 in circuit court here Wednesday night. Plaintiffs in the action, Mr. and Mrs. George Given, contended that they traded for a house on Twenty-First street with Mr. and Mrs. J. D. Hill, the latter parties agree, lng to complete the construction of the house and to pay for street and sidewalk Improvements. Fail ure of the Hills to make these payments, made it necessary for the Givens to expend $551 which they asked for in the suit'brought in court. Stayton Legion Man Is Quite 111 STAYTOX,' April 24. L. E. Durkee an ex-service man who has been employed at S. J. Paige's farm, has been in a serious con dition the past few days. The Stayton post got busy on his case and on Tuesday an ambulance came from Portland and he was removed to the Veteran's hospit al. Durkee has no relatives In the west, but is said to have a sister in Kansas. 'SjteS'V if trge 0 Now Playing Till (Saturday) VITAPHONE TALKING SINGING SENSATION "Sonny Boy" Starring LITTLE DAVEY LEE SHRUBS The planting season will soon be over. PLANT NOW Deciduous flowering A(e shrubs (except azaleas) flUC Shade Trees great'y reduced Full line of evergreen shrubs and trees. PEARCY BROS. 240 N. Liberty GARKlN QUITS JOB AS SOLON Representative Resigns With View to Running For Tax Commission John H. Carkln of Medford. Sat urday filed his resignation as rep resentative in the state legislature from Jackson county with Gover nor Patterson. Mr. Carkln was first elected to the legislature in 192$ and has served four terms. He was speaker of the house In 192T, Mr. Carkin was chairman of the state tax relief commission created by the 1927 legislature and assist ed in drafting the. several tax bills approved at the 1929 session. He gave no reason for his resignation in the letter received at the exec utive department. The republican county central committee of Jack so" n county re cently indorsed Mr. Carkin for one of the three members of the new state tax commission created at the 1929 legislative session. The state board of control recently re quested the attorney general to prepare a legal opinion as to whe ther Mr. Carkin is eligible for ap pointment as a member of the tax commission. The constitution provides that a member of the legislature can. not legally hold a lucrative office which he helped to create or In creased the salary. Governor Patterson said he had received no intimation that Mr. ELSINORE OX THE STAGE TONIGHT Radios Favorite DRAMATIC TENOR Soloist of the Portland Apollo Club Presenting Semi- and Popular SONGS xxxw Dr. F. C. Jones' 20th Century Dental Plate Fit Guaranteed Examination Free, Crown and Bridge work $5 per tooth Fillings II up Painless Extraction $1 ft will pay you to investigate my work and prices. I will save yon money anil give yon the best dentistry. All Work Guaranteed Dr. F.C.Jones, Dentist Upstairs Phone 2860 Over Ladd and Bush Bank Carkin Intended to resign until the resignation was received at his office. LEGION AT STAYTON GETS VETERAN HELP STAYTON. April 24. Through the efforts of Stayton American Legion the claim of C'U :U, ! has been allowed, a teleuran, that effect has Just been r . from Senator Frederick at Washington. Mrs. J. ,' tV mother of the veteran U m, '' ' ficiary. 1 Cletus Holt was wvi: h-, . here, as he was the . i.r ,-H. Mrs. F. J. Jones, and f:, ; v here. The Stayton Post U - put these cases through, and i done a lot of work alon th! ' They meet on the second v,.-' " of each month. IES IL Tomorrow .AN DUE MMADQL "The Woman Disputed" With TbriMiylr. 4 r- lngly, morlnglf TtTlfHd by Nor mi Talmadg la her (rtittit heart drama. Gilbert Roland Spellbound . . . Your eyes will see . . . your heart cherish. . . Your mind remember . . . this powerful romance! Hear! The mos musical accompaniment with sound effect by the Victor Orchestra. . ON THE STACK "VARIETIES" With RENO BROTHKRS MATl'S and ZITA ARNOLD and SCHILLER OTHERS it Willamette Nite" Special Willamette Features ENDS TODAY "THE JAZZ AGE WITH DOUGLASS FAIRBANKS, HAKCEUKG DAT HEKBT WALTHALL rr Coming Monday, April 29 OtTB NIOHT ONLY PORTLAND APOLLO CLUB 60 MAXB VOICES Saftta ail raaarvad n al n SI. SO 73o 60o ihus wnir?in)Diiyip if irKE TW ttKSMEUE JDAYS SF AUJCTHON Saturday night will wind up the AUCTION SALE. We must vacate as the store will be wrecked to prepare for the alterations of the building. It will pay you to attend the last 2 days of AUCTION as we must dispose of everything in the store by Saturday night, including all of our Perfect Blue White Diamonds, Elgin, Waltham, Hamil ton, Illinois and Bulova Watches in men's and ladies'; all grades. Everything must go regardless of cost. 4fr IE! ABB I?A(SIIA(E SAILIS A A rom 9" Leather BElNNING FRIDAY.AT 9 A- M- SHARP we will offer the public a real treat. A Grab Package Sale at $1 a grab. The packages contain merchandise values f to $25. mong them will be Diamond Rings. Ladies' and Men's Watches, Sold Gold Rimrs. Gold Brooches. Cuff Links. Scarf Pins and Parl- Sforlincr Silir! Piaom. 1 Goods, Art Goods and other merchandise too numerous to mention. It will pay you to come and take a grab for $1.00. You may be the lucky one to get a watch or diamond. In order to clean up our stock by Saturday night we have decided to give the people of Salem the biggest bargains they ever had. AUCTION GALES AT 2:30 and 7:30 DAILY $300 Diamond Given Away Saturday . . Bring Your Coupon THREE PRIZES GIVEN AWAY AT EVERY SALE 480 STATE STREET OREGON THEATER BUILDING J. H. PLANT, Auctioneer in Charge 1 i i -..,.. -s I