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About The Oregon statesman. (Salem, Or.) 1916-1980 | View Entire Issue (Jan. 15, 1930)
The OREGON STATESMAN, .Satan Oregon Wednesday Morning, ternary 15, 1930 1 tnu STOCK 1ET Bullish Movement Continues But Without Pronounced Success, Word NfcW YORK, Jan. 14. (AP) Bullish forces continued in con trol or the price morement iir to day's stock market, bat again lacked sufficient pnnch to lift the market out of the narrow tradlngL .area -within which it has been floundering since the turn of the yearf. Prices of scores of issues were marked up 2 to points In the early trading but a renewal of short selling and profit taking cut down the gainst at the close. Trading showed a tendency to Increase on the rallies and turn dull technical condition. The day's sales of 1,883,40 shares were nearly shares above those of yesterday, the dullest full ses sion since July 19X8. Business and financial news continued mixed In character, but favorably developments appear to be increasing. Germany's accept ance of the Young plan was hail ed as one of the day's most con structive achlev ments although its immediate market effect was negligible. A further Increase was 'nojted in steel mill operation, plants of the United States Steel corporation being reported it (i per cent of capacity and those of the Independents at (4 per cent, as against tl per cent and 68 per cent, respectively, a week m.gf. Application for a receiver for the Kolster Radio corporation, al ready foreshadowed ta the sharp decline of the stock In the past few months, testified to the high ly competitive nature of that in dustry, which has been among the hardest hit by the stock market decline last fall. .Public utilities, which have at tracted Increased buying support since the recent supreme court de cision defining a fair return" on property investment, moved irreg ularly higher. Motor shares continued rather sluggish, although the declines In thfc leaders were held to tractions. Oils also failed to make much headway. WIDELY SCATTERED 'GREAT FALLS, Mont.. Jan. 14 AP) Twenty-two places of the Arctic patrol, sent oat to test winter conditions between Sel- IICIU. TWWw tonight were scattered along a liSOO mile snow covered front. .The maneuver ' was extended about 300 miles further west to day when three pursuit ships' left , Havre, Mont., to cross the contin ental divide at an altitude of 13, 000 feet and land land at Kalis pell about 170 miles by air line from Spokane. With the exception of a flight of 400 miles by a transport plane piloted by Lieut. P. E. Shannahan from Mlnot, N. D., to. Havre. Mont., no material progress was made7.; Thirteen pursuit planes that landed here yesterday after a flight of stout 550 miles from Mlnot, today postponed a project ed hop to Spokane because of trouble wltn motors and reports -that pases over the continental di vide were shrouded in mist. Major Ralph Royce, command er of the squadron, who led the planes to Great Falls yesterday said that delay, of the transport ships carrying warming devices and mechanics had contributed materially to difficulties encount ered. 'We started out looking for trouble and we found It." said Major Rviyce. "We have learned that proper equipment must be . available tor long flights in ex treme cold." ALL OF THIS STATE (Continued from Page 1.) ' and show that fell Monday be gan te melt, though not rapidly. Rainier, on the lower Columbia highway, reported that snow start ed falling last night. A seasonal low temperature ot 7 degrees above zero was experienced there yesterday morning. Snow started to fall at Salem yesterday afternoon and at mid night the ground was covered to a depth ot seven and a quarter inches. Superintendent Cannon of the Toledo district, was reported snow bound at Depot Bay tonight. He was unable to. make his way through huge drifts blocking the Roosevelt highway while enroute from Taft to Toledo. Snow on the Roosevelt highway tonight was unprecedented. It bad fallen to a depth ot more than a foot. The temperature at Toledo bad risen to S3 degrees above xero and snow was falling heavily. STIFF SIM BE CUT L " (Continued from Page L) j! regular, progressive course of study to them at the next board : meeting. . . . .s. ., - v report of inspection of the school busses- by R. A. Raffety, . chief of the state traffic division, and A. B. Van de Walker ot the , traffic force was read with the result that the board designated JXag and Principal Fred Wolf of ibe high school responsible te see xhalEJxJodlc checks were -made ion has conditions. The officers' report showed , .busses in good 22 UK 1 LIS OH TUG STIFF o- i NEW XJri- tWif ifitfi. - ,i jrr rrf SAX FRANCISCO (Top) Philo Farnsworth, 2S-yeHSold Mormon inventor, (right) and Albert B. Mann, consulting engineer, examining transmitter of new television device Invented by Faras worth, backed by Crocker family millions. Farns worth's dissector tube eliminates movable parts and scanning disks employed in previous television machines and his receiver is greatly simplified. Both transmitters and receivers use ordinary broadcasting and receiving sets' and are auxiliaries to them. (Bottom) a closeup photo of the transmitting section of the new and revolutionary television device perfected here by Philo Farnsworth, 23-year-old Mormon inventor. Ia the round appertnre may be seem the end of the dtesector tabe, fUMbmesUl of the mew televislonary devise which does away with the scanning disks of prerkHU television discoveries. condition for the most part, but recommended that emergency brakes on two or three be check ed, that the busses be kept more clean, that fire" extinguishers be provided, and that children be not allowed to ware their arms out the windows to passing mo torists. The officers commended the manner in which the busses are loaded each day, and the cau tion in starting from the school houses, but said they had noted busses do not always come to a full stop when discharging chil dren. Motion passed that the same status now used in handling pay ments on the school's share of the county health unit expenses be continued. 3 sues PUCEO (Continued from Page 1.) nties wounded last night, are re ported to be out "of danger to night The men companions of Mrs. Schroeder cave their names as Clem Daage and Jim F. Wells He said he was released from the Texas penitentiary on Christmas day. Mrs. Schroeder said Dague is her husband. NEW CASTLS, Penn., Jan. 14 (AP) Mrs. Irene Schroeder, her brother, J. W. Crawford and M. Glen Dague. reported under arrest at Phoenix, Ariz., have been the object en an intense search since December 27. last year, when Corporal Brady Paul of the Pennsylvania highway police was shot and killed And Private Km est Moore wounded near here 'aft er they stopped an automobile oc cupied by a 'Woman, two men and a child. The officers were questioning motorists following a store hold up, 30 miles to the east. When they halted the car, both Paul and Moore were shot down, Paul al legedly by the woman. The four in the car fled toward New Castle and here stole another machine. AFffiERSOH QUINTET I . The Anderson's Sporting Goods basketball team defeated the Mon mouth higlf school quintet night school quintet Tuesday night at Monmouth,; 34 to 21. Nash was high point man tor the Salem team hat was not far ahead of his team mates. Hockema and Rogers tied for scoring honors among the Monmouth players. The score was 15 to '5 for the sporting goods merchants at half time. ' Summary: . Anderson' Monmouth Hagemann, - (T)'.F . (9) Hockema Nash (I i . . . ,F. . . . . . . .Good Flake (SF....C?... (I) Rogers Klefnke f It... e. ..... Johnson Ward ($)..... G.... (5) White Perrins (!)... .8........ Davis Referee: Nelson. 11 KM BEATS MONMOUTH TELEVISION INVENTED J;4 Assessor's Figures Show Increase of 1.4 Percent In Taxation for This City An Increase of 1.4 percent In the tax levy for Salem Is noted In the report of assessment just com pleted by Oscar Steelhammer, county assessor, whose tax rolls show this year's assessment to be 55.6 mill while 64.2 mills was the quota for last year. The levy was based upon a city valuation of $17,591,573 aa compared to $17,697,035 for the preceding year, showing a decrease In valu ation of $105,460. This decrease is due to the absence of the banks from the assessment rolls, a re sult of a legislative act which taxes them under the new intangi bles tax law. Heavy bonded indebtedness caused by the construction of the airport, sewers, bridges, and other civic Improvements has in creased the city levy proper to 2.6. Last year the city levy pro per was 19.9 mills while this year the levy has Jumped to 22.5 mills. Decreases in the levies for state, county and other purposes effect ing Salem taxpayers has brought about the smaller Increase in the total local levy. A decrease of .7 of a mill Is shown for the state levy for the county, according to. Steelham mer's report. The state levy is shown at .1 mills as compared to 7.3 mills the previous year. This levy is based upon a valuation ot $48,559,121 or a decrease in val uation for the year ot $1(7,482. The county levy proper also shews a decrease of .7 ot a mill CHICAGO. Jan. 14 (AP) Federal farm board moves to bring about curtailment ot wheat acreage In domestic spring crop territory did a good deal to lift wheat values today. In this con nection, statements from Alexan der Legge, president of the farm board, indicating that the board is doing everything in its power to remove danger of overplanting served to stimulate buying of fu ture deliveries here. There was also considerable buying based on announcement that seaboard clearances of wheat and flour were larger, 753,000. -'Wheat closed firm, to 7-8c a bushel higher than yesterday's finish. Corn closed unchanged to 4c tf and oats a shade to Me 3-8c up. ' Special Show to Help Boy Scouts Funds of the Boy Scout coun cil for Marion and Polk counties will be augmented next- month, through the courtesy of Frank Bligh of the Capitol theatre. O. P. west, scouc executive, said yes- HEME BOOSTED no X - ijk. a vt 41 0 when the new rolls show the levy for this year to be 9.4 mills as compared with 10.1 the preceding year. A decrease is shown In the county library levy which will be 3.4 mills while last year the levy was 3.5 mills. The high school tuition levy, due to costs of transportation of students, Jumps from 3.6 mills last year to 5.7 mills this year, or an increase of 2.1 mills. The general road levy this year will be the same as last year, 4.5 mills being the levy set by Asses sor Steelhammer. The total state and county levy will be 19.4 as compared to 20.9 for the previous year or a decrease of 1.5 mills. A small increase in the Salem school levy is noted with the mill age this year being listed at 13.7 while last year it stood at 13.4 mills. The increase la based upon a decrease of valuation of $79 399. the district valuation for this year being $17,628,735 wUlaJUst year the valuation was shown at S17.708.134. Banks being re moved from the tax rolls are list ed as the causes ot the decrease in valuation. The tax rolls are scheduled to be turned over to the sheriff next month and it is expected that all of the levies will be figured by that time. The Salem levy Is an nounced as soon as possible be cause many loeal -folk are desir ous of obtaining this information before compiling their income tax reports. terday. Bligh has; agreed to al low the scouts 50 per cent of the tickets they sell for the show scheduled for February 17, 18 and 1$. Ticket sale will start 1m mediately and the scouts plan to make a heavy drive to pack the house at each performance. Ohio Folk Make Way Home Again As Flood Passes CLEVELAND, Jan. 14. AP) Obfoans in scattered parts of the state were preparing to re turn to their homes tonight as flood waters from rivers and creeks began to recede.. Central and Northwest Ohio, hardest hit by the high water, re ported the larger rivers were re turning to their banks and that the peak ot the flood which has swept ore the area for two days had passed. Intern r ban and train service was -being opened through the stricken territory tonight and it was believed highways would be cleared for traffic some time to morrow. i TTJNNET IMPROVES . NEW YORK, Jan. 14. (AP) t Gene - Tmnney, . retired heavy weight champion, was - showing rapid improvement tonight,: fol lowing a kidney operation per formed here on Monday. MILK Attorney Roy Shields, For merly of Saiem,;,Gives Kiwanis Address With rival -transportation agencies making constant Inroads on the business which the rail roads formerly enjoyed, tho Un ion Pacific officials are not agree able to the order of the public service commission requiring con struction of a new line across Ore gon, it was "stated by Roy Shields, attorney for the Union Pacific system, in an address Tuesday be fore' the members of the Salem Klwknis club; of which he was the first president. Railroad officials are between three fires; 'shippers who want lower rates, employes who want higher wages and stockholders who expect greater dividends'. Paradoxically enough, said MY. Shields, the railroads have been able to meet the' first two de mands, and they have done It through greater efficiency and ri gid economy. Average wages have increased from $1084 to $17 a yea since HIT, and shippers last year bene fited to the extent of nine million dollars from rate reductions la the same period. Last year 10 million tons mors of freight were handled with 300 fewer em ployes, i Everything has Increased ex cepting operating mileage, which has reduced in the last ten years, and passengers, fewer being car ried in 1928 than at any time slnee 1101, Mr. Shields said. This Is because of the competition of mdtor staged fahid 'now to some extent .airplanes j ' '. ! ' WASHINGTON, Jan. 14. (AP) Opponents of an increased sugar tariff and those favoring a bounty in Its stead held the cen ter of attention for another en tire session today in the senate, which agreed Just before recess ing to vote on the question not later than noon Thursday. While not coming out flatly for a bounty, Senator Borah, of Idaho, a leader of the republi can independents,, disputed the arguments that a higher levy would benefit domestic cane and beet sugar growers. He contend ed that an Increased tariff would bring no relief so long as exist ing American relations with the Cuban and the Philippines con tinued. And said he. saw no pros pects of these conditions chang ing for some time to come. The Idahoan advocated protec tion for the domestic growers. but said it was impossible for the American farmers to compete as ong as a situation obtained where we are allowing a heavy preferential to one ot the greatest sugar producing countries in the world and granting absolute free trade to the other potentially greatest." He added that he favored Phil ippine Independence and elimina tion of the 20 per cent sugar tar iff preferential allowed Cuban Imports to make extension of domestic bounty unnecessary. While the Cuban preferential was established originally on a humanitarian basis, he said, American 'capital now "is almost exclusively the capital which is producing sugar in Cuba and we are in fact giving a preferential to certain American capitalists who happen to be engaged in the industry outside the borders of the United States." This preferential, he argued, amounted to a bounty in favor of these capitalists and permitted them to "dominate the sugar price in American markets." House On Brown Island Is Burned Fire believed to have started from an overheated chimney de stroyed a dwelling on Brown Isl- ana, in the Willamette river a few miles south ot Salem, Sunday forenoon. ..The house, -property or Wo Brown island hop company. was occupied by a Japanese fam ily, The loss was about $3,500. A nearby residence was saved by nipping water from the slough ana inrowrng it on the building. Shires Reinstated By Boxing Moguls NEW YORK. K. T.. Jan. 14. (AP) The one and only Arthur Shires, suspended by the New York State Athletie commission when charges of fight fixing were made against him in Michigan and Illinois, was reinstated today following receipt pf communica tions from the National Boxing as sociation and the Michigan Board of Athletic Control announcing the ban player's exoneration. IVeWekoinzyoa 94 HOTEL CONGRESS PORTLAND, OREGON BOM PROPOSED fob sugar mm The Call Board By OLIVE M. DOAK see GRAND Today ''Illusion Thursday "Side Street." FOX EL8IXORE gonth Hick betwee Bute Ferry Today "The Four Feathers." HOLLYWOOD Nortk Capitol St. I Xvrtk Salem Today "The Wagon Mas ter" with Ken Maynard. Today "Home James" -Maahatten players in "Tom my." - ' Thursday "Home James" Manhatten players in. "Tom my." Friday "Dark Streets" with Jack MulhalL BLIGH'S CAPITOL Today "They Had to See Paris" with Will Rogers. Thursday "Frozen Just ice. Today's first, run picture Is at the HollywoodLaura La Plante ia "Home James." The story has several clever features, amonjg them the pantomime Which Miss La Plante does. The pantomimes are the laughs of the picture and. comedy is one of its strongest ap peals. - The story is of a little country girl who goes to the big city to become an artist and in stead becomes a saleslady la a oig. department Btore and then falls in love with the final laugh on herself. The Manhattan players will present "Tommy," a .story of a Colorado, mining camp. Appearing in this play is lorlng Keiiey, Priscilla Davis, George Olsen, May Sheldon, and Ruth Hamilton. There has been much specula tion as to how Mary and Doug got along with the production of 'The Taming of the Shrew" be cause Mary was so rather over shadowed by the part Doug took. The rumor that as a result of that play they have decided never to appear In another play together. They think too much of each oth er to risk the results of another such strain, they say. An observ er can see how it might be. It is interesting to note that the German composer Straus, of 'Chocolate Soldier" fame, is com ing to te United States to lend his art In the production of musi cal scores for the screen. (Continued from Page 1.) Peiping that 2,000,000 had died in Shensi province of famine, An drews said that conditions were far worse in Kansu. where 85 per cent ot the province is atfict- ed with famine." "Prospects for the coming year," Andrews asserted, "are that northwest China probably will experience a plague of disease and famine that will be the worst within memory." Reduced to the last extremity by starving, people in Kansu pro vince, said Andrews, are resorting to cannibalism. In many occa sions he has witnessed flesh carv ed from bodies that lay in the roads, and had seen it cooked and eaten by the desperately hungry, IT E THE HAGUE, Netherlands. Jan. 14. (AP) The squall com ing from the direction of Berlin which struck the second .Hague conference, yesterday passed quickly aad detailed work of prep aration for putting the young plan Into effect went on today under cleared skies. Dr. HJalmar Sehacht. head ot the Relchsbank, who announced yesterday that the Relchsbank Last TimesToday SEE and HEAR WILL ROGERS In "They Had to See Paris An All-Talking Fox Movietone Success Don't miss it. One Of the best pic tures of the year . . Titaphone Acts Movletonews THURS. - FRL - SAT. 3 5War tsT pred With Wll Cht 'or him n CHINESE SQUALL PISSES HAGUE mmW sr - mrm m-rm mm. rzr.x.aszd., Bagr wte.. could not participate in the inter national bank for reparations be cause of charges In the Young plan, .today was in conference with the principal delegates and members ot the bank committee and it was eventually announced that he would bow to the will of the majority. He agreed to participate of the Belchsbank under a procedure by which' German law would be changed so as to oblige the Reichs bank to subscribe to the capital of the International institution. Thereupon "the members of the government and the members of the German delegation announced they would amend the German law so as to make it obligatory on the Relchsbank and Dr. Sehacht decided this would ' cover his re sponsibility in the matter. An official communique to this effect was issued at noon and this was followed by jfwrltteu engage ment by Dr. Holdenhauer, the German finance minister, this document engages the govern ment to be that the Relchsbank does what is necessary. The conference, again In clear water, is waiting to wind up its affairs only for a final report on the bank committee on the .trust agreement .to which eleven amendments have been proposed and for an understanding as to the. amount of the first install ment of bonds for commercializa tion of the unconditional annui ties. The amount thus far men tioned was $200,000,000 bat In some Quarters the question was raised whether this had not bet ter be smaller. SUBJECT OF FIGHT CHICAGO.' Jan. 14 ( API- Chicago's city council still was deadlocked tonight over its 1930 budget; 25,000 city employes still were awaiting pay checks and the president of the board of education was predicting the closing of the metropolis' schools. Aldermanlc leaders, the corpor ation counsel, Silas H. Strawn, (of the citizens' rescue commit tee), and others, representing both sides of the controversy over the nature of the budget, confer red and reported "Just friendly discussion." The afternoon news papers said, however, they learn ed definitely the parties were un able to agree. Administration forces Insist the city council cannot amend items in the budget which were not voted by the mayor and their in sistence is backed by a legal opinion from the corporation counsel which say amendment of the Items is illegal. Plane Wreckage Located Alter Extensive Hunt AMSTON. Conn., Jan. 14. (AP) Two watches one initial ed "W. A. K." and the other "D. M." proved to be the means of identifying airplane wreckage in the woods beside Lake Amston as that of the Fairchild cabin mon oplane missing from Farming dale, Long Island, since last Fri day morning, " and determining that the two burned bodies were those of William Kirkpatrlck and Daniel Marra, pilots. The plane had crashed after collision with an oak tree which was on the outer edgexot Wood land bordering the lake and only 200 yards away from the water. Deep in the woods and nearly a mile from a house there was no help for the two pilots it they had lived after the crash, completed destruction of plane. Fire the HUSKIES SHADE WHITMAN SEATTLE, Jan. 14 (AP) In their final practice basketball game of the season the Univer sity ot Washington Huskies de feated the Whitman Missionaries 34 to 30 In a torrid battle here tonight. Washington led 20 to 16 at half time. 1HSBDGET 'jrv ri e.t i ii nun in iiiniiii" ' V : Fon ElsInoi?o a "til am. . iRh ilu a TODAY THRU FRIDAY 1 Metrotone M : cuve Bwovg5k vt -iu Noam BeertyI i a li : faywray kv' r B 2 Show in 'B : AN ACTION S0U7Tt:Un I : B Juit to W w Fox West Coast Theitres excel in their rrtcrUinment mnd .give patrons , titer well loiowtt advantages . . . Moat persons wflx continue ta .flock to these theatres." - , - - PLANS COMPLETED .E. PORTLAND, Ore., Jan. 14. (AP) Except for formal approv al of the Interstate Commerce commission, the Oregon Electric is ready to start construction on its proposed logging railroad up the South Santiam in Linn county. An agreement between the South ern Pacific and the Oregon Elec tric for Joint trackage between Albany and Lebanon has been signed, Paul Shoup, president of the Southern Pacific, and W. F. Turner, president of the Oregon Electric, who have been conduct ing negotiations, announced to day. The contract, which will save much time and considerable dupli cation of track between Albany and Lebanon, grants to the Ore gon Electric joint use and equal rights on the Southern Pacific's line between Albany, which Is the nearest Oregon Electric poiSt to the timber supply, and Lebanon, permitting the latter company to operate its trains into Lebani . . "This means." said the Joint statement issued by the two rail roads today," that the proposed new construction work ot the Oregon Electric into the timber- lanos n me sanuam aisinct win start at Lebanon and it will be unnecessary to duplicate the line between Lebanon and Albany." Hoop League Sked Now All Revised The schedule for the Industrial basketball league has been re vised because of the dropping out of the Woolen Mills team. The new schedule for the next few weeks is as follows: Friday. Jan. 17 Anderson's vs. Hunt's, Senators vs. O. N. G. Monday, Jan. 20 Northwest vs. Hunt's. Anderson's vs. Senators. Thursday, Jan. 24 Anderson's vs. O. N. G. Can you afford to be without the protection afforded by the $1.00 Accident policy Issued to Statesman subscribers T H0LLYW00DI Today and Thursday OX THE SCREEN Love and Laaghs! Mirth and Mystery! Roars and Romance 1 Thrills and Titters 1 Also Talking Ail-Star Comedy AND xONT THE STAGE The Manhattan Player Present "TOMMY" Story of a Colorado Mining Camp Prices - Wed. and Thurs. Adults 35c; Children. 16c 0 Mil 9