Medford mail tribune., November 13, 1928, Page 1, Image 1

o
Weather .Year Ago
The Weather
rut-const Occiudonal ruin; mod
erate lcniM'niture.
Maximum jreMortliiy M
Mliiiiuuin yitiUTtlay 41
-"nvlplfatloii 02
Otlir TwmtT-thlM to
rin?Mtiui Tau
(Copyright, 1928, by Star Co.) .
On his trip to South Amer
ica Mr. Hoover stops first nt
the Ftuinma canal. As an en
gineer interested in such mag
nificent work, soon to be pres
ident and responsible for the
canal 's safety Mr. Hoover will
have his mind on our inade
quate national- protection. En
emy flying machines in a few
hours could destroy the locks,
and nuke the canal useless.
And only fighting planes can
protect that canal.
m. II. . i .). t ; T ..
luiKiui; to me American re
gion in Washington President
Coolidge emphasized in grati
fying fashion the importance
of war preparation.
He made clear his belief that
that it is not necessary to be
defenseless to prove yours-ylf
a friend of peace:
"If Kuropcan countries had
neglected their defenses it is
probable that war would have
come much sooner.
"All human experience
seems to demonstrate .that a
country which makes reason
able preparations for defense
is less likely to be subject to
a. hostile attack and less likely
to suffer a violation of its
rights which might lead to
war.
. "This is the iirevnilmg, ni
si tiinde "of the United States
and one which I believe should
constantly determine, its ac
tions. . . It is our duty to
lurselvcs and to the cause of
civilization to the preservation
of domestic tranquility, to our
. orderly and lawful relations
with foreign people to main
tain an adequate army and
navy."
Add to that wise utterance
a sufficient number of fight
ing airplanes, submarines and
fast cruisers aud the country
will have peace of wind. Pres
ident Coolidge, wise economist,
knows that no expense equals
the cost of lack .of preparation
when war comes. , Ho said:
"Jt is sometimes represent
ed that this country made :t
profit out of the war. Noth
ing could be farther from the
truth.
"L'n to the nrcscnt time, our
own net costs, after allowing
for our foreign debt-expectations,
arc about :ili,500,000,
000. To retire the balance of
our public debt will require
about $7,000,000,000 in inter
est. Our veterans bureau and
allied expenses arc already
running at over $500,000,000 a
year. . . Our finul cost will
run well toward $100,000,000,
000 or half the entire 'wealth
of the country when wc en
tered the conflict."
- &CYCH thousand null ion dol
lars for interest on our dobt,
more tlum twenty-three times
what it cost to build the Tun
nnia cnnul,' and one hundred
billion dolliirs for our total
was bill.
You could get, for two per
cent of that amount, absolute
safety, plus the respect of
other nations.
Uncle Sam would be able to
say to nations that call him
'.Shylock"-
".Shylock or no Shylock
take notice that I want peace,
mid can force it. If you doubt
j( comeOnd see
To "be a toad and lire upon the
(Continued on ragw Four.)
.out 'Hones Gaer,. LgOUL U i nmnrn I Mill TO ' 101 1 UUJU ' 7
, Poor Toad-L,ke Bears. ,'U""UU'1" ; RDIDEDV U MTQ i TO l.nnurn ! r
Medfoed Mail Trto'ig
iHUNDRED.RHISSING
ii-.iiini
dcopiicdo AIMFF RFFIITFfl AIQIT RII1Q
SURVIVORS - POURING IN ts
! at News of Grand Jury . Jiv
Gale-Tossed Small Boats of
Steamship Vestris Found
By Fleet of Rescue Ships
Radio Summoned Craft
Comb Sea Throughout
Night 100 Missing,
(Uy lite Associated Press.)
One man was known to be dead,
a woman and child were reported
floating "In the rolling waves and
other deaths seemed probable as
reports fruni the rescuo fleet off
the Virginia Capes slowly pieced
out the story of the sinking of the
liner Vestris today.
At noon, almost a full day and
night since the 33H passengers and
crew went over the tilting side of
the stricken vessi'l into lifeboats
and rafts, only 203 has been def
initely accounted for, and most of
the lifeboats had been picked up.
One man taken from the water
by the steamer Merlin told of
seeing a woman with a child In
her arms floating pear him. Search
was begun for them anl lookout
was kept for others who had found
no room In the boats or who had
been washed from the raft?.
The dead man, unidentified in
first reports, was found by the
battleship Wyoming, lying on the
raft where ho had died of expos-
! uro.
The rescue began before dawn,
the. fhtpK- that had turned from
their paths on their errand of
mercy being led to the lifeboats
by flares sent up by the chilled
persons who all night long had
tossed on angry waves left from u
week ml gale.
Lifeboat after lifeboat waa
sighted and as l.ie morning pass
ed was taken aboard with its shiv
ering complement of men and
women. The American shipper
got the niost, the liner Merlin got
some, the tanker Myrium others,
and the battleship Wyoming slill
more.
Mut at noon m than 100 others
were apparently t, il to be account
ed for and there was a growing
fear deal h w o u t d c la i m many of
these before they could he saved.
Shortly afternoon the navy de
partment ordered the dirigible Los
A n ge les t o p re pare t o v lea vo I Is
hangar at Lakchurst, X. J., at G
o'clock tonight to Join the rescue
fleet. It could not leave sooner
because it had been undergoing a
general overhauling and was not
rendy to take 'the air.
The code of the sea that calls
the strong to lielp the weak today
had apparently resulted In the
saving of nearly all those who
yesterday took to lifeboats when
thu steamer Vestris turned over
300 miles off the Virginia coast.
Almost n dozen boats ranging
from battleship to cutter, cruised
the waves through the night in
response to frantic distress signals
and early in the morning had
picked up six small boats und a
raft hearing all but a Jew of the
33'J passengers and sailors who
had lnft the Vestris with Its decks
awash.
Ot the humanity-burdened craft
that put away from the sinking
vessel shortly after noon yesterday
when it reported itself lying on Its
bea m ends, on ly an im provlsed
raft was believed missing this mor
ning. Search for It continued with
the battleship Wyoming reporting
that she hail rescued other persons
from floating wreckage.
In all the messages that flew
from hfp to hore telling of the
rescue, there was no mention of
wither there wntt Ions of life.
Although it was not possible dur
ing the early hours to determine
to exact number of those saved,
It was supposed Hint nil had either
crowded "hoard the life boats nnd
rafts of had clung to the wreckage
come upon by thy rescue fleet.
' Walt hi Iu4
Those who waited through the
night to read the drnma-ladcn
wireless meninges that pictured
the disaster, were hopeful that nil
the hips personnel had left her
when the 1 1 re boats were lowered
nwny. They took additional com
fort from the fact that Captain
Carey of the Vestris was one of
those picked up and from the
knowledge that the law of the una
makes the mnntefrthe last to leave.
The hurrying rescue craft reach
ed the scene of the sinking ship
during the curly hours of the night
but they starched In vain un:ll Just
before duwn when the first contact
with the drifting survivors wan
made. The news cume In a mes
sage from the steamer American
Shipper, picked up by the naral
(Continued on pag eight)
I
Theory Keyes Political
Football, She Says Mrs.!
Kennedy Subpoenaed.
I , LOS AG ISLES. Nov. 13 W
Former District Attorney Asa
Keyes, appearing, before Superior
Judge Douglas Kdmonds today
pleaded not gufl;y to the indlct
' mem charging "wilful and cor
J nipt" practices in office. Tho
: trial was set for December 5. .
LOS ANGELES, Nov. 13. (?)
j From faroff London, Aimec Sem
I pie McPherson has pounced in
f dignantly Qn bits of news that told
, her how a grand jury has started
j to peer into the past of her kid
j mining case, on 'the theory that
I she might have bribed a district
attorney.
As i ne evangelist of Angel us
temple puts ft, thu Intimations of
bribery have been born of political
strife in the city of her adoption.
J Not only are they utterly untrue,
j dispatches quote her, but the grand
jury once heard all she can tell
j and ever will tell, despitrf the fact
J that the jurors apparently urc will
ing to listen to more..
As a purling shot, she branded
it all a "political dodge," and then
turning to the defense of Asa
Kiyes, district attorney of Los An
geles county, whose activities the
grand jury- has" been perturbed
about, she described him ns a
"football" kicked about by political
parties.
Keyes has been ordered to court
with Hcvcn. others today to enter
a plea to indictments charging him
with corruption and bribery In his
legal stronghold. "It is a case of
one party wanting to get Keyes
out and others wanting him," Mrs.
Mcpherson was quoted. "It Is Just
the sort of thing wc get around
election time."
Outwardly. Keyes is out of poli
tics. He resigned from office some
"eeks ogo. with tho explanation
that ho believed ho hud completed
a faithful life of public sorvlco and
wanted to devote his time to his
family. His resignation takes ef
fect December 6. Mrs. Mcpher
son is completing an European
tour, undertaken to preach the gos
pel of good against the spirit of
evil. She left Los Angeles some
weeks ago.
Subpoena Itepxirtf,
'While the evangelist was deny
ing tho rumblings of bribery, three
of the persons who played out
standing parts In her kidnaping
story were reported to have been
subpoenaed by the grand Jury.
They were Mrs. Minnie Kennedy,
mother of the evangelist; Kenneth
CJ. OrmMon. M.rs. McPherson's
"radio" man. and Mrs. Lorraine
j Wlseman-$jielaff. the mysterious
I "Miss X" of the kidnaping caso
It was anticipated that they
would be interrogated about docu
mentary evidence which newspa
permen furnished tho grand Jury
several days ogo. It was reported
that the evidence Indicated that
more than $100,000 was spent In
defense of Mrs. Mcpherson on
charges that she nnd her mother
had obstructed justice.
. The charges, now nearly two
years old. grew out of the evan
cellsts's disapearance and her story
that she had been kidnaped. When
investigated by tho grand Jury, the
story resulted In the placing of
charges against the mother nnd
daughter. These were dismissed
later by Keyes for lack of evi
dence. FORD AIRPLANE
LISTED MISSING
SALT LAKH CITY, Utah. Nov.
U. (Pi The hugo Kord airplane,
i piloted by Lieut. William It. Wll-
Hums of fpokune, und corn'ing 10
passengers, w h 1 c h left llo'-'et
Springs, U'yo., at 7: Io a. m. today
I for Hull 1,41 ke City, had not ben
I heard from at 1 o'clock thin after
I noon, two hours after itii scheduled
j arrival here.
4
lllgli School Football Yr-itcrdajr
Cu'iviillis '; Albany 7 (tie,
l'endleton 0: La C.rande 0 (tle).
Uandon ?4: Coqullle li.
ifurshfleld 12; North Uend 0.
llenson Polytechnic, Portland C;
Washington 0.
ISoscburg, IV; Grant, Pan, .
FOOTBALL SCORES
MEDFORD, OWKGON. TUKSDAV, X0VK.MHKK
May Be Necessary to Extend
Itinerary of Good Will
Tour As Latin Americans
Ask Visit Two Months'
Trip Seen Donovan
Visits Hoover Today. .
fiy JamcB U West. Associated
Press Stnfr Writer.
STAXFOHl) V.NICEILSITY,' Oil.,
Nov. 13. Herbert Hoovor
mny find il necessnry io extend
tho itinerary of Ills gooil will tour
of Ixitin America considerably be
yond tho hcoio contemplated when
he decided to embark upon his his
tory making journey.
Lnent invitations for the president-elect
to visit countries in
both South and Central America,
which wcro excluded from tho or
iginal schedule, are now coming
in and from forty days his trip
may bo extended to two months or
slightly longer.
Mexico, Colombia, and Ecuador
are among tho southern republics
which have asked tlmt the pres
ident elect Include them in his
tour, tliol- Invitations being Join
ed with that from Bolivia, the
visit to which would Involvo a con
siderable trip, in addition to that
which must bo made by tho -'Jood
will mission In moving from Val
paraiso to Hucnos Aires.
Under the original plans, the
battleship Maryland bearing Mr.
Hoover nnd his party, was to have
touched first at Hnlhoa, Panama
('anal .one. and then moved In
past Colombia nnd . Kcundor, to
Peru, with Chile tho next country
to be visited. Iloth Colombia and
Kcuador. through their ministers,
havo asked that the party call at
their capitols.
Donovan Visits
President-elect Hoover turned
his attention today from llio prep
arations for Ills South American
trip to rocclvo William J. Douo,
van, assistant to tho attorney Ken
oral, a close personal friend who
stood high in his council, of ad
visors, both during the pro-convention
and tho pro-clcctton cam
paigns. The assiMlant to the nttorncy
general camo to California yeflter
day on official business for the
department of justice and stopped
over at the Hoover homo enroute
from bos Angeles to San Kranels
co. His visit served to revive cab
inet selection discussion which had
become dormant with tho an
nouncement of tho Latin American
tour.
Iloth before and since the elec
tion, Donovan's nnmo has been
spoken of frequently In tho dlB
eussions of tho attorney Keneral
for tho Hoover cabinet. He has
boen assistant to Attornoy General
Sargcant for a number of years
and has had personal direction of
tho prosecution of some of the
most Important titration which
the government has embarked
upon during that time.
E
FOR SIX MEN LOST
WINNIPEG, Man., Nov, 13.
Search has been Instituted by
airplane and by land parties for
nix men reported lost between
Port Churchill and tho end ot steel
on the Hudson liny railway, ac
cording to a report received here
last night from tho Pns, Manitoba.
Tho men left Churchill on Novom-'
her 3 nnd were to havo Journeyed
100 miles to mtlo 412 on tho Mud
son Hay railway whoro they could
make rail connection for tho Pas.
The men had been employed nl
Churchill during the Simmer by
the dominion department of mar-,
Ine and fisheries. The party in
cluded Joseph Smith of. Prince Al
bert. Kask., but the names of the
other members aro not known. !
None of tho men carried sleep- j
ing bags or tents and they had ;
only a small supply of food, de-1
pending on reachlrt shelter cabins
each night fall. T men are pre
sumed to havo strayed from the
trail and am believed to be wan
dering In what Is known as tho
"barren hinds," of tho north coun
try. The trlnl Is a hazardous one.
Wins Nobel Prize
HTOCKllOLM. Nov. U. IPl
jKlgrid Cndset, Norwegian author
ess, was today awarded the 12I
I Nobel prlso for literature by the
Mwcdleh Academy.
LEAD ARMISTICE OBSERVANCE
i7 I
Jfor v-i4 rLFv i
nmsmmi.-'MM
President (on!lduv and (leneml Pcihlns; were
uti.otlco day observance hi Wash iiitui November
were carried over a nation-wide radio hunk up.
jWORST DANGER GOV. AL SMITH
IFROM ERUPTION PARTING WORD
IBEUEVED PAST RA0I0 TONIGHT
'
Pnnl nf Mt. Etna Re ueven
... -Problem Now Is Work,
hi for Refugees 'Damage
! Totals' Huge Sum Many;
Homes Destroyed.
I ltd.Mi:. ,N"V. ta (Il 'r,e re-1
I peril of the Mt. i:tna oruption may
i now be considered past and tnu
villages of Currahlia iiml .Minitlalu
may consider themselves out
oi-i
! (lunger say direct dispatches from
Sicily lalo today. 'between Cuirport and illli.xl.
The main problem confronting I Th(, .,.,.,. , CJI1,P(,tcl, to be
tho uuthoi-ltles Is to flnil work for .,
tho refugees pending the time that .accompanied by Senator Pat lliu
new houses can be constructed and i11""" "' ll"alKslppi. who Is a close
the devnstatid region can recover I friend of the defeated Democratic
some of Its former fecundity.
Advices to Slefanl News ,geney I
from fiitnnla staled that the lava j
flow toward t'arrablia today reach
ed the road over which passengers
were transported to Messina. The
railway service on that lino has
been abandoned ami travelciH are
obliged to take tho Termini 1 in
merso to Palermo or go by sea.
Fresh cstimatcH' today showed
that nearly1 1 800 acre uf rich land
have been covered by the lava.
About one-fourth of this area pro
duced grains, another fourth was
used for nut-hearing trees and the
remainder was given over to the
prcduction of wino grapes.
The correspondent in Sicily of
jtheTribunu. estimated that the
damage from the eruption
Ircm-hed a total of 1 8,400, U00 of
'which $3,000,000 represented grain
- lumlK. orchard und vineyards.
! Tho correspondent said that only
fifty out uf riOO houses were sinmb
ling in MascJill and that the loss
from this source was JtlJOO.Oao,
: In Kerragmino one hundred houses I
were destroyed. Thfy wire valued
at $10r(,2O0. 1'iivatc estates and
villus In the countryside that were
wiped out by the lava were esti
mated ns representing a lus of
$l(JO,00O.
FEDERAL COURT
LIQUOR CHARGE!
; POItTI.ANIl, Ore.. Nov. 13. (!')
' Ton Kiillivan. Klamath Kails sheep-
herder, was fined 1"0 In federal,
j court today on u charge of trans- j
porting liquor across the Indian
reservation. It wo-i shown that he ,
had cu'.rlcd two gallons of moon - -
shine tu oblige sheepmen friends,
; and tho district attorney s office
recommended leniency.
Hubert Uelliind and. Henry Han
! chez, both of Klamath Kails, were
I held to the. grand Jury undo $2.o0
; ball, rliurgi-d Willi sale nf liquor
tin Indian territory October 31.
I John Potter. Klamath Kails Mo-
doe Indian, was held on n charge
of assault with a dangerous wen-
pon , as a result of on argument
I with John Htokes, n Itcdwood.
charge.
1:1. l!fc!8.
s,K-aUelH ut
" '""
1
Half Hnur Address to Carrv
Parting Message to Amer -
ican People Leavesi
Wednesday for Southern
Vacation.
NKW (JULIANS Nov. 13. (T)
(;vt.,.m)1.
Alfred 10. Smith of New
York will reach the gulf const Pii-
day or Kalurday for u'vaci-.tlon at
lhe Kdgewater (lull Hotel, midway
.presidential r.in.lhlaio.
NKW YOltK, Nov. 13. ()
Governor Alfred 1C. iSnilth tonight
In a half-hour radio uddresa will
give his parting "mesmige to tho
American people."
The governor, upon his arrival
here from Albany announced that
no advance copies of his talk would
be given out, pur would ho intimate
Just what would be Us nature. lie
will speak from the National
Croadcasting studio, starting at 8
o'clock.
Tomorrow he will leave with
several frit-nds for a vacation of
several weeks "somewhere In the
south." Ho said ho did not know
whom he watt going.
"I haven't seen Hilly Kenny yet,"
he Nuid, "He Is fixing things up,
Weare going where the tempera
ture is 7 in the shde."
He. said he did -not think he
would stop at Warm Hprlngs, flu.,
i to see Franklin U. Hoosevelt, gov-
J ernor-deet
... .
inn iiyniK to s'-i i..,.n
pollti
I'vr- had n lot of It for;
four moot lis."
None of tho members of his fam
ily will accompany him. Tho gov
ernor expects to spend the gruater
part of Ills time playing golf.
The broadcasting of the gover
nor's - speech will ' be over the
WEAC chain of Ihe National
Urondrtu'lliiir system. Including
Kfio. KI'O, KK1, KOW, KOMI),
Kiig.
GOIURYLATETQOAY
NO DEFENSE WITNESS
. - '
, r j
PoltTI.ANb, Ore. Nov. 13. (VP) j
The defense In the trial of lames I
,', t'ooke. president of tile defunct I
brokerage house of Overbeek ft j
! Cooke, ctiiiri;ed witll
j embezzlement, began
arguments
before the Jury today. . It was ex
pected that the case would go to
the Jury bile today . Deputy Dis
trict Attorney fleorge Mowry will
close for the stale.
The defense ottornev.i.'' J .hn P.
Winter, Karl Bernard and John
Collier, rested their case last week
without placing any witnesses on
the stand. The . stato presented
nearly a scoro of witnesses.
DISASTER
B'BS VILL BEWILO TRADE
f t in wn i ;
hOWAY W W:'" !"-"
After Year Marking Time
Commission to Start-
Work Fear of Dunne Bill ;
Withheld Operation Im-:
portant Projects Listed.
PORTLAND. Ore, Nov. 13,
After nearly n year of watchful
waiting- the state Highway com
mission today bcK-'in functioning
us nf yore. Tho highway program
for lit US, held back on account of
I he menace ttt t lie Dunn bills.
Iwhl-.'h If passed would Jinvo whit
'tied down the slate's road funds
, to a small point, got away to a
Hood atiu-t at the special meeting
of the commission. i
I Within five minutes aftor Chair.
I mi. n ii ii vnn !,,..,. ,.ii.,.i n,
,-i.eeting to older, three important :
...U buT" which wm be1.
I opened at the December meeting
of the commission. This work !
was promised months ago. Th i
! (trading the II u r p o
r-Hurroll
ranch sc.-ll;n, 1 r.0 miles, of thr
Mho Duiry-Lurens mill 'section, s.il"""'" B:',y ,,n" tm b"y!"e
jmileH of the Klamath Knlls-I.nkc-i
view highway, and surfacing thu
I i.a.mk,a riineh-Allu-e suction, tl.
i m U s. of the I'endleton-.rohn Day
I highway.
William Hunlcy headed n tnrtfe
; delegation from Harney county to
! urge the completion of tho Con-:
ilral Oregon highway. !
"Sonic of the roud locating sur-
i,.'ii, ,i,,,i, , ,.;
llloi-e such ellnrge
.'' slattd chuii-nian
brought
Van Uu-
iKei - 1
11111 ' piomieii the doiegaiion
'!
from Harper to Vale will be lo-
ated anil coiiipletcd as soon
possible. Tile road Is now ur
'veyed. and partly finished botweon
. llciul nnd Ittirns.
I t iiciegaiiou irom iteumond wns
promised that the Keya creek
IjuikIiIIii lunch section. 7 lnllos,
of the Ochoco highway will bo
g rn cl ed soo n , t h e con t ruct to
bo:
let in the near future.
County Judge James, of Toledo,
wan heading a Uncotu county dele,
gatlon, didn't huvo much to say.
H was promised, everything ho
usked before he had llino to nav
other thnn "good morning." Tho
commission long promised him
Hint the Kuosev.lt hlchwuv fiv.m
'Heal Itocks to Alosea bay and then
on to YaehaU. 13.3 miles, will
he ordered oh soon as tho Dunne
bills were lost.,
JVtlcntI Aid Fund
Tho state now has $1,130,000 to
appor.tion in federal aid funds. A
meeting with tho government of
ficials will be held soon and this
money allocated to tho ' various
ro-.l8 . u"
Th Ti.iiti. r , . i
i no iJairy-Loronjt mill section
is the lust uncompleted part of
ihe Klamath Falls-! Jikeview high
way. It will be completed as rap
idly as possible, so surfacing can
be done In 1U30.
Itegruding of six sections, 2.,
nines, ot (he MeKcnzlo
highway
is In tho offing.
Tim im.ii.in ,lr t
anxious to have the Hluslaw ro ni
completed, and asked tl 7 rZ ,.
fisxinn m .i ,i,i. . ,
zixfizz
. "b"wny.
, , "IL" ''''' 'T1" ',0 COn -
striictcd nnd one railroad cross-!
'i , .. . ..
- - - B -- " ."i. me iiiimr on;
Ihe Itoosovelt highway at Ixike -
side. j
Hundreds of miles of resurfacing'
and widening ore ulso on tho';
program. ,
The Noted Dead
! IvDINIiritOH. Kcolland. Nov. 13
! W) Overcome by fumes from ,i
rile which broke out In tho study
of his liome while he wns sleeping
mere, i,r. Alexander W. .Mnlr. pro-
fessor of flreek at Udlnburgh unt-
verslly. was burned tu death early
today before rescuers were nhlo to
teach blni.
Tho fire was confined to tho one
room and It was some time before
Its outbreak was detected by other
members nf t It.. r,....u.. l-..
Mnlr was a noted authority on
flreek nnd bus published trunsla -
tlons of several ancient Greek
writers.
t
Oregon Weuthcr
Oregon: rnlll In Ihe ......I ....
larceny bylsottled with local rufns east' nnr.
lion tonight und Wednesday, mod-
erate temperature. Huutherly gales' boxes extra fancy, $8.16 tu
on the coust. , j $8.06, average $8,411: fancy. $3,86
' . . iw $8.06, average $8.4: unclussl-
lullronila Jliiln. Ifirj, $2,03 to S8.S6, average $3.8.
NAN KHANCIHCO, Nov. 13. (If) Nells. 1140 boxes extra , fancy.
Rain extending from Santa Bar- .13.16 to $2.40. average $3.83:
bara to Hlsklyou county and as furl fancy $1.$0 to $2.16. averagd $3.07.
Inlund as Fresno, drenchod Call-! '
ornla lust night. Soveral fatal' ' Astoria Local firm Installs ma
automobile accidents resulting from! ohlnorjr to mako own brand of
"Hppery highways wora renortod. dairy and poultry feod.- -, ' 1
Minimum
Minimum
No. SJ3.
I.
Tl
III 111 I
-
Hoover Market Forcing
Bull Movement to Record
Stock Sales Clerks Ex
haustedCafes Add Help
Stop Orders Refused
To Speed Up Tickers.
NKW YOltK. Xuv. 13. WV e
ause . ot tho "Hoover market, '
which surpusscs the wild uprush
... ulni,u ,, .,.i , i.,n
, , , ' ,
cogs In the exehango machine were
ttt ",e !"" f exhaustion
'.,. is bfclng burned In
u, T" as tne overworkea
starts attempt to keep
Pace w th a market which- high
in r,,Ilowln(r within an hour of
The broker on tho floor, mound
and Helling curronts, are being
forced to lake extended week-end
vacations. Many of tho otdor mem
bers, have been forced to give up
tliulr sealH to younger members of
their flrmn better able to with
stand tho physical battering they
muHt undergo.
Michael J, Median, former bro
kerage clerk, who wan tho whirl
pool center of tho bull market In
i" 'at spring, toit the stmin
w nitii ii v 1 1 tin kuiiu un il
month'H vacation. Ho in reputed
to huviv-added uddtttuno!- millions.'
to those he made Inst spring In the
i currant "bull'.' market.
Downtown restaurants -have
I been forced to put on extra help
i to take care of the enormous vol
; ume of meals ordered carried in
the brokcroge houses for omployes
! too busy to go out for them,
j In nn effort to check tho fren
! zled operations many commission
! housi-B havo Increased their margin -
requirements to 40 per cent or
I more, vtjpuciany lor hiockh soiling
abovu $U0U a share. To date, how
ever, this move seems to have had
little effect, und there havo been
few liquidations of weukenqd mar?
glnal accounts.
Many specialist on the floor
havo reftiHcd stop, orders, that In
to accept a range within which
they would bo authorized to opor
ato for their clients. They have
complained that It In physically
impossible for them to watch sunh
orders hi this kind of a market.
New high speed printers, cap
able of handling threu times tho
present volume of printing 1,000
characters n minute are being
J""""""31" " to coru buicb, urn.
this-service cannot possibly start
oporutlon for Homo time. Some
' , , ,
brokers said that the now printers
will bo so rapid they will be unable
to read und follow them and any
advantage in speed will ho lost.
Early next month sales votumo
under 500 shares Is to bo dropped
tvrwn thu tlli nveonl t.n .nnn I tr
jm, but tnQ xchungo will keep
i tno volume count and supply It to
h - Pl'' - vr telegraph printers
" "' 'me!"- Tho price on
i a II snlcs of course will be carriod.
I r' ;r,,d ,up, th.
ticker 1ft ner rent. In vestordfiv's
; record market of 8.1)70.000 shares
iine ticKor waa one Hour and
1 clo"c
mitt
behind trading at tho
i
Wire Report on j
the Pear Market
1
C'lIICACIO, Nov. 13.-
-IU. S. D.
A.) Pears: ;
I car Oregon, 1 Washington ht
rlved. ' 7 ears on truck. 5- cars
' sold. Oregon Dose, 778 boxes
' extra funcy $3.30 to 13.50. nvernge
i 53 .30: 6C8 boxes funcy. a.30 to
j 8-J f. average S2.96. Washington
Hose. SOS boxes extra fancy, ti.iv
! to 2.05: I OH boxes fancy S2.75 to
$2.85.
NKW YOltK,
Nov. 13. (U. S.
1). A.) Pears:
0 car California, 6 Nw York. 7
i ruB"n' Washington arrived. 13
1 ctk,H on ,rack' Oregon JJosci 6250
' box"-'s extra fancy 8.tS to J.7B.
'. few U.00 to $3.10. nvorago M.4I.
Taney X3.10 to $3.-10, averngu
j 8.2; Cornice, 1300 boxes extii,
hn.. tS1H tr. tl SK. nventfre
! tS.CI : fancy 8.00 to .18. 86, avei--
age $8.82. Wushltigton Anjous.
'""""nni T Ml CO
i i mi i i mi ir -v
IMULU