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About The Oregon statesman. (Salem, Or.) 1916-1980 | View Entire Issue (Sept. 29, 1929)
i - - PAGE TWENTk The OREGON STATESMAN, Salem. Oregon, Sunday Morning, September 29, 1929 ST I I World's Highest Dam Being Finished Considerable Damage fs Done Price Structure Dur ing Busy Session NEW YORK,". Sept. 2S (AP) The stock market was washed fcy another huge ware of selling In today's short session, but" the flood subsided before the close, tad a rush to cover short comiuit aieats, together with some bar-gala-hunter baying. In a measure repaired the damage to the price trreaularly higher, but the rally lid little toward reducing yester day's severe losses. Trading was active, the day's turnover touting 2,205,260 shares.. The day's news was meager not largely satisfactory. A com pilation of the August; net oper ating income for the first 49 rail roads to report disclosed a gain of more than 10 per cent over August, 1928. Allia-Chalmers placed Its new stock on a $2 an nual dividend basis equal to $8 ea the old. which paid $7. Crock er Wheeler announced payment of paek preferred dividends. Week end business and trade reviews generally pointed to satisfactory wholesale and retail trade, and were not Inclined to find any thing alarming about the letup in tee! and automobile production - U. 8. Steel again showed dis appointing weakness, dropping foar points to 222, a new low for the movement, and closing at 225. Motors were still under consid erable pressure, General Motors touching a new 1929 low at 66 Stndebaker, Marmon and Nash again reached new lows for the year, but rallied slightly. Auburn auto dropped 25 points and ral lied 24 from the bottom. Most of the leading industrials closed somewhat higher, after agging considerably in the first hour. General Electric dropped about five points,, then shot up 22, closing with a net gain of 7. National Biscuit rose more than six points to a new peak. Ameri cas Telephone. Eastman Kodak aad American Can sagged moder ately, then turned upward and closed two or three points high er, net. American Rolling Mills shot up 11 points, and Pullman reached new high ground. Col ombian Carbon dropped to 2684, then rebounded to 283 Vt, a net gala of nearly seven points. A few of the rails responded to the good August earnings, not ably Atchison, which rose six and one-half points. Utilities were un der considerable pressure, but rallied and several cloged higher. Standard Gas and Electric shot np six points, then lost some of Its gain. The Pacific coast issues were again strong. Pacific Light ing reaching a new peak. Ameri can and Foreign power. Public Service of New Jersey, and Con solidated Gas regained early loss es and closed a little higher. Employment is Given Many Men The Salem Y free employment office Is still busy. During the past week 231 men and 46 wom en applied for work, and 195 of T2. 2 it Jit- 5 SF-s-Ojf - ft H. MWW I Th Diablo dam in northwestern Washington will be three hundred eighty feet high, and one thous and two hundred fen long nt the crest and will develop three hundred twenty thousand horse power. It Is now three quarters completed. It will back up ninety thousand feet of water for a distance of seven miles and will inundate a small mountain. 11-.; Ijrflr-. ,r- ,T r i: -wtf i j : the men and 37 of the women were sent to jobs largely to the farms, and more especially to the prune orchards. Six cannery workers among the men were sent to work, but two carpenters, three cooks, two pantry workers and seven woods workers who applied did not land places, besides five janitors. Among the women three office clerks, two nurses and two cooks did not find jobs, but three housekeepers out of five ap plying did, and so did one wait ress, and three more were wanted and could not be found. STREAMS 1 RAMPAGE 1 AUGUSTA, Ga., Sept. 28 (AP) Torrential rains during the last 24 hours tonight had sent streams iri eastern and central Georgia on a rampage that iso lated this city and half a dozen or more towns in this section from both rail and highway communi cations. As the floods swept over the country side, Augusta, a city of 60,000 inhabitants, remained safe behind its new nine-mile levee,' however, while the greatest flood in its history flowed past Its doors in the Savannah river. The gauge this afternoon showed a stage of nearly 45 feet, with the river still rising slowly and ex pected to crest at about 47 feet near midnight. Across the river at Hamburg, S. C. conditions were the reverse, as the currents flowed through the streets of the flooded mill town and even over the roofs of some of the houses. There had been no loss of life, however, as residents of the town are accustomed to evacuating when the river goes on a rampage and had reached safety on the ridges before the water became deep enough to do material dam age. Appling, Millen, Wadley, and Midville, like Augusta, were cut off from rail and highway com munication by rampaging streams that carried away bridges and washed out both railroads and highways. Communication was badly hampered over both high ways and railroads through the eastern portion of the state. FRENCH ICE FLYING EAST FOB RECORD LE BOURGET, France, Sept. 28. (AP) Dieudonne Coste and Maurice Bellonte tonight were be lieved by French observers of their attempt to set a new dis tance airplane flight to be well on their way to the far east. No word had come from them since they passed Cologne, but the plane carried no radio and Us straight line course would not necessarily carry it near big cities. When the famous sesquiplane. Question Mark, left the army field here at 8:16 a. m., it was loaded with sufficient fuel for SO hours in the air at an average speed of 109 miles an hour. It was calcu lated that it should be able to do well over 6,000 miles If weather wos propitious. The regular Paris-Berlin pas senger plane had flown with Coste as far as Cologne and reported that he was then making 120 miles an hour. Coste, one of the leading French aviators, has been planning all summer this attempt to wrest the distance record from the Italians and to capture the French Renault cup. He chose a route to the east which lay close to Berlin, Riga, Moscow, Tobolsk, Irkutsk, Chita and then either Mukden or Vlad ivostok. In event of fuel exhaus tion along the way Coste planned to take on fresh supplies and con tinue toward the east. ROAD PROJECTS FINISHED SOON Extra Amount of Rain Only Possible Obstacle to County rVogram STAMBOUL, (AP) The muni cipal theatrical company is mak ing Turkey's first talkie. The film Is called "The Smugglers" and depicts and relates episodes lnthe Turkish revolution. The di rector studied movie production' in Germany. County Roadmaster Frank Johnson expresses little doubt that the three major road projeets un der construction at the present time will not be completed this fall. Only a deluge of rain will completely stop the work, he says. Friday he visited the Mt. Angel Gervais market road and reports that grading on that project will be finished about the 15th of next month. By the middle of next week three rock crushers, the Geneman crusher on Butte creek, the Hoyt plant on the Ablqua, and Collard's at Mission Bottom, will begin furnishing gravel and crush ed rock for the completion of the road, he believes. At the present time he has an unusually large crew at work. Work on the Ankeny hill road is progressing rapidly, with nearly two-thirds of the graveling done. The crew is nearing the end of the grade, and the road should be fin ished in about a month. A bridge crew is putting in several bridges, and a large force of men is build ing fences which were torn down when the road construction began. By the end of next week the Mebama-Taylor camp road will be completed, says the roadmaster, and the crew will begin work on a mile stretch between Stayton and Weet Stayton. Gravel for this road will be furnished by the Stayton rock crusher. The crusher at Union hill is nearly finished with the rock and gravel to be used tor repairs on market roads In that district. AH Quiet on the Western Front (Continued from Page H.) other, a reservist-reinforecement, sobs: twice he has been flung over the parapet by the blast of the ex plosions without getting any more than shell-shock. The recruits are eyeing him. We must watch them, these things are catching, already some lips begin to quiver. It is good that It Is growing daylight; perhaps the at tack will come before noon. The bombardment does not di minish. It Is falling In the rear, too. As far as one can see it spouts fountains of mud and iron. A wide belt Is being raked. The attack does not come, kut the bombardment continues. Slow ly we become mute. Hardly a man speaks. We cannot make ourselves understood. Our trench is almost foneAt many places it Is only 18 Inches high. It is broken by holes, and craters and mountains of earth. At once it is dark. We are buried and must dig ourselves out. After an hour the entrance is clear again, and we are calmer becauss we have had something to do. Our company commander scram bles In and reports that two dug outs are gone. The recruits calm themselves when they see him. He says that an attempt will be made to bring up food this evening. This sounds reassusing. No one ht thoueht of it except Tjaden. Now the outside world seems to draw a Uttla nearer ; lw xood an. be brought np, think tho recruits, then It can't really be to bad. We do not abuse them; yo.i know that food Is as important a ammunition and, 'only for that reason must be brought up But it miscarries. A second par ty goes out, and it also turns back. Finally Kat tries, and even be reappears without accomplishing anything. No one gets through, not even a fly is small enough to gel through such a barrage. We pulled In our belts tighter and chew every jnouthful three times as long. Still the food does not last out; we aro damnably hungry. I take out a scrap of bread, eat the whita and put the crust back In my knapsack; from time to time I nibble at it, (To be continued) The Statesman carries durable, clearly printed cloth signs which will protect your property against hunters and trespassers. MAJESTIC RANGE SALE AND EXHIBIT Klosstf Woolk (Stonily Come in and see the most beautiful Range in the world! 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