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(Satrumu
MEMBER ASSOCIATED Hk£SS
VOLUME XXIX. NUMBER 62.
SEWARD, ALASKA, THURSDAY, MARCH 16, 1933.
PRICE TEN CENTS
STOCK !
MARKET !
STOCKS SOARING
SAN FRANCISCO, March 16. —;
The stock exchanges in America !
went on a rampage yesterday af
ter a nine-day suspension. Prices
zoomed from three to 11 points in!
leading issues as orders poured in
such volume that the tickers were
clogged and at times two and
three minutes late.
It was the first time over 3,000,- !
000 had been turned over in many j
months. All of the activity was on!
the buying side.
Stocks which are expected to
benefit by the legalizatioii of beerj
in Congress were at the forefront;
of the spirited advance.
Owens Illinois Glass spurted 9V2
points to 43^2- It closed at 34 on
March 3, the last previous day of
trading. The Owens company an
nounced receipt of an order for
15,000,000 bottles from the Rainier
Brewing Company.
BRILLIANT RECOVERY
One of the most brilliant recov
eries in security prices in the his
tory of the New York Stock Ex
change attested the restoration of
financial confidence which has
swept the country with the re
opening of thousands of sound
banks.
Shares surged up $2 to S16 in
scores of favorite issues and as
measured by price averaged the
percentage gain over the final lev
el of March 3, when the market
closed for its first important shut
down in 19 years, was more than
16 percent, a single day’s up-surge
for which records of many years
show no parallel.
BANK SITUATION
Federal reserve licensed 103
California banks without restrict
ions and withheld licenses from
aproximately 28 banks.
Stocks and bonds rose strongly
as major exchanges reopened.
Commodities in general followed
suit with New York cotton and
Chicago board of trade opening
today^
Continued reopening of banks
gave all states almost normal fac
ilities. The public continued to de
posit more than withdrawn. Sen
timent has crystallized for unifi
cation of state and national bank
ing . systems.
The dollar held its position on
world marts.
QUOTATIONS
United States Steel preferred
hoarded to 67, up 11 points from
its March 3 close.
Dow Jones industrials closed, up
8 26; rails, up 4.43: utilities, up 6.34.
Bonds. 1.9.
Santos March coffee was 344
and March sugar 1006.
Guilders were up 14 to 40.52 and
Swiss francs off 1 to 19.48.
Gulf oil earned S2.743.000 in
1932 angair.st a S23.670.000 loss in
1931- . .
Otis elevator declared a cent
dividend against 25 cents the pre
ceding quarter. TT ., ,
Electric output in the United
States for the week o? March 11th
was 8.60 under the same week in
1932 compared with a 6.40 decrease
the preceding week.
Columbia carbon earned SI.77 a
share in 1932 against $3.02 in ^1931.
Montreal funds quoted at 83.50.
Simmons 714. So. Pac. 16°«, Std.
Oil Calif. 23. Urn Carbide 26, Un.
Oil', Calif. lQYz, Un. Pac. 80l4, Steel
3214. Western Un. 24s*, Westing
house 2734, Woolworth 31, Wor.
Pump 1414j National distilleries
233s, English sterling 3.45V2.
BIG PAPER PROFITS
Alaska Juneau 12 1-2, Kennecott
11 3-8, Big Missouri 9.
It is estimated $3,000,000 in
paper profits were taken on Wed
nesday’s New York Stock market.
Bar silver in New York. 27 1-2,
Canadian dollar 83 3-4. nickel 9.40.
Moderate action in nickel on the
Montreal and Toronto markets.
C. P. R. was down owing to in
ability to pay dividends.
Mining stocks were active on
Canadian exchanges. Vancouver
gold stocks advanced sharply.
Premier 5.70, Reno 64, Premier
72.
London trading was quiet bui
cheerful. German trading was dull,
while in France there was a brisk
demand for American bonds.
Wholesale quotations on pro
duce: Extra fine eggs 17 cents per
dozen, mediums 15 cents and small
12 cents. Butter 20 cents per pound
and cheese 10 cents per pound
WAVED FIRST FLAG
QUEBEC, March 16,—W. Mur
phier, 87 years old, who claimed to
have been the first man to wave
the American flag in Alaska, in
1868, died here Tuesday.
NEEDLESS EXPENSE
SACRAMENTO, March 16, —A
bill has be;n introduced to abolish
all metropolitan and rural public
school supervisors.
I
E
BE SPENT: FIFTY
WHEELS OF ALL BRANCHES OF
INDUSTRY ALREADY BE- t
GIN TO TURN
WASHINGTON, D. C., Match 16,
—As Congress got ready today toj
twist the spigot in beer barrels for:
an unrestricted flow, the brewing
industry showed further signs of
arousing from a long lassitude.
Among the signs was the entry
of mustaches as beverage dispen
sers of the former New Yoik
Union, decided to resume its old
title of “Bartenders Union’'.
Jacob Ruppert, and Yank owner,
said 3.2 percent beer in the pend
ing bill would legalize and would
pre-prohibition beer, and maybe
be fully as potent as the average
of better quality because the ad
vances of machine-making and
chemistry.
LEGAL BEFORE APRIL 15
A survey showed brewery offi
cials estimating more than 50,000
will find immediate and perman- j
ent jobs in breweries alone after
the legalization of beer.
Many orders have been placed
for bottles, barrels, casesfi caps,!
printing, and grain.
An official of a large brewery es
timated orders such as equipment
for immediate delivery, will total
more than $100,000,000 for machin
ery and to build new plants.
An order for several millions Lo
be spent in extensive advertising
campaigns has been prepared in
many cities. One brewer in New!
York alone authorized $100,000!
outlay for newspapers as soon as'
beer is legalized. He believes beer'
will be legal before April 15.
TWO-POINT PROGRAM
CALLS FOB IMMEDIATE
EHIPLOYMENT 213,»
WASHINGTON. D. C., March 16,
—A two-point program calling for
the immediate employment of at
least 200.000 men in the national
forests and experimental farm re
lief will be submitted to Congress
soon by President Roosevelt, it was
announced at the White House yes
terday.
Mr. Roosevelt was expected to
send a message to Capitol Hill to
day on the unemployment relief
feature. He will ask permission to
put people to wTork not only in the
National forests but also other
government projects that would
not conflict with work now being
done.
EIGHTY
LONG BEACH, March 16,—Relief ;
agencies are feeding 80,000 earth
quake victims here and emergency:
t mass feeding continues in Comp- j
ton and Artesia while State, Coun- :
ty and Civic officials formulated
plans for compulsory earthquake
proof construction in Southern
. California.
Thg zone death toll was 116 yes
terday with the death of J. E.
Brasted here making Long Beach’s
56th victim.
Comfort and care of all those in
jured and frightened from their
homes by last Friday night’s disas
ter was adequately provided and
medical authorities said the health
and sanitation situation was good.
TARIFF BE ATTACKED
I WASHINGTON, D. C., March 16,
—The Roosevelt administration
revealed itself as ready Wednesday
night as already reaching out to
draw other nations into mass ac
tion against huge agricultural sur
! pluses and bristling tariff barriers
J to trade.
I The administration will seek
from Congress, board powers to
control farm production and made
clear it stands ready to cut high
tariffs if other nations follow suit.
It was learned the project of
limiting production of wheat to
the level of world consumption al
ready has been discussed informal
ly by representatives of wheat pro
ducing nations.
AMERICAN STATESMEN
SEE A GREAT DANGER
CONFRONTING EOROPE
WASHINGTON, D. C„ March 16. |
—American statesmen see as great
a danger to world peace in the1
tense European situation around
Germany and its neighbors as in
the open fighting in the Orient.
From out of the World War trea
ty which the United States never
ratified, emerged a map of Europe
whose altered boundaries cut
across the feelings of peoples and
have been the first man to wave
ceased to be the cause of irrita
tion.
This, with the complicated poli
tical alignment and fears which
naturally arise when nations are
separated by lines on a map, make
diplomats question and regard as
essential before settling of arma
ment problems to solve political
questions.
iNEMBliT”
JUICES ARE INCLUDED
IN THE BEER SILL
WASHINGTON. D. C„ March 16,
—The Senate finance committee
yesterday amended the- House 3.2
per cent beer bill to include wine
and fruit juices and reported it
favorably to the Senate.
Chairman Harrison said no oth
er provisions of the- bill had been
changed and that as approved by
the committee it permitted unres
tricted advertising of the legalized
beverages.
“We may be able to get the
beer bill thru today after dispos
ing of the economy legislation."
Mr. Harrison said. Later he modi
fied the program, explaining that
it probably would not come before
the Senate until this afternoon.
britisFpremIhss
PLAN TO PROPOSE
GENEVA, March 16. —Prime
Minister MacDonald will announce
a new British disarmament plan
here today and on Friday he will
leave with Foreign Secretary Sir
John Simon for Rome, there to
have a momentous week-end con
ference with Premier Mussolini on
which Europe’s future peace may
well depend.
The Premier, in a chat with
correspondents last night, let it be
understood he is going to Rome as
an evangelist of peace. His
thoughts can be summarized as:
Europe is in a dangerous condi
tion. He wants to talk with Musso
lini to see whether or not he
does not also realize it.
SALMON BILL LOST
VICTORIA. B. C., March 16,—A
bill which would prohibit canneries
buying salmon caught more than
24 hours previous, was defeated be
cause of improper warding and
construction. Party lines split over
the bill which was bitterly attack
ed from certain sources.
BEERlDWlilllS
ASSURED FEVD WEEKS
WASHINGTON, D. C„ March 16.
—Legalized 3.2 percent beer and
wine by the first -week in April
was virtually assured last night.
Acting swiftly the Senate Fin
ance committee approved the
House beer bill and added an
amendment providing for wine
and fruit juices of equal potency
Chairman Harrison announced
the bill would be brought up todaj
in the Senate and predicted pas
sage probably by night fall and
certainly by Friday. Senator Reed,
Republican of Pennsylvania, said:
“We will have legal beer by April
3.” '
_*_
MEET SATURDAY
ROME, March 16,—Prime Minis
ter Ramsay MacDonald of Englapd
and Sir John Simon, Foreign Sec
retary, will meet Premier Musso
lini in Rome Saturday to discuss
means of salvaging the disarma
ment conference, it was official!}
announced Wednesday night. The
statesmen are coming at the ex
press invitation of Mussolini. They
leave Geneva for Rome Friday
! Their stay is expected to be lim
ited to the week-end.
ON LAST VOYAGE
PORTLAND, Ore., March 16, —
Charles C. Kennedy, one of the
best known steamship executives
on the Pacific Coast, died here
yesterday after a long illness. He
was executive general agent of
the American-Hawaiian Steamship
Company with which he had been
connected since 1908.
MICIlIm i
EVERY FAITH, OiSGRETION!
FAIRNESS OF ROOSEVELT
WASHINGTON, D. C., March 16,
—Shunting aside all major amend
ments, thg. Senate last night pass
ed the administration’s $500,000,
000 economy bill by a vote of 62-13.
It now goes back to the House for
approval of minor Senate correc
tions.
Congressional leaders are hope
ful the measure, providing the:
President with power to slash pay- j
ments to veterans and federal sal
aries, could be sent to the White
House by tonight. If the Senate
amendments are agreeable to the
Chief Executive, the House will
probably concur in short order.
Shortly after the bill passed, j
National Commander Louis A. \
Monson of the American Legion,!
asserted the legislation is "Fraught J
with gravest consequences to dis-|
abled veterans”.
Johnson said the Legion has
‘‘Every faith in the discretion and
fairness with which the President
will deal with this problem, in
volving as it does in many in
stances, need for compassion and
mercy”.
SAN FRANCISCO. March 16. —
Two hundred and 12 more sound
banks in California resumed bus
iness Wednesday on a complete
basis.
Institutions in smaller commu
nities received then* licenses from
the Federal reserve bank or State ;
banking department.
President Roosevelt’s plan for
putting the banking structure on
a firm foundation now has been
carried out. Banks in the 12 re
serve cities opened Monday. Tues
day institutions in the 250 clear
ing house cities of the nation re
sumed. The addition to the list
of the thousands of accredited
banks in non-clearing house cities
completed the Presidential pro
granj, _
SUITE WILL G8LLECT
Fin PER GENT if I
MONIES WSGEfiEG
SACRAMENTO. Calif., March 16.1
—Amended to give the State four
instead of two percent of the
money wagered, the bill legalizing
horse racing and betting in Cali
fornia was passed yesterday by the
assembly.
I The vote was 60 to 29, and was
taken after a long debate on the
evils of gambling, in which the
proponents of the act argued that
“We have them anyway”.
Unless a move is made to recon
sider the vote, which would delay
further action for another day, the |
bill goes to the Senate today.
!
EXPERIMENTAL MEASURES!
FOR RELIEF PURPOSES i
!
—
WASHINGTON. D. C., March 16,
—President Roosevelt was prepar
ing on Wednesday to complete his
immediate legislative program by
recommending to Congress two
i novel measures, both frankly ex
perimental, to relieve the farmers
| and the unemployed.
! If they become law and later
i prove unworkable the Chief *£xecu
i tive is preparing to try something
! else. He wants Immediate action.
The unemployment plan to be
recommended today calls for the
immediate employment of 200,000
idle city workers oh reforestation
| work in national forests.
ECONOMY BILL PASSED
WASHINGTON, D. C.. March 16,
! —The Senate last night passed
President Roosevelt’s economy bill
by a vote of 62 to 13. The bill now
goes to the President for his sig
nature.
RESTORED
NEW YORK, March l(i,—Mort-j
“age guarantee companies in New j
i’ork State under jurisdiction of |
are permitted to reopen under the
the State insurance department f
new regulations.
The rush of funds to deposit* in |
Philadelphia led to the abandon-1
ment of the plan to use script,:
some of which already reached!
public banks.
Not only by tile flow of new
currency but continuing evidence
Di' reborn national confidence is
reflected since Fresident Roose
velt’s talk Sunday night.
The results of banking moves
might not accomplish the purposes
sought as soon as hoped for but
the major part of the job was
done with even greater speed and
less confusion than was anticipat
ed.
LEGION PROPOSAL TO
LIMIT BENEFITS TO
25 PER CENT. LOST
WASHINGTON, D. C., March 16,
—In the first clear cut test of the
Roosevelt economy bill, the Senate
Wednesday rejected the American
Legion proposal to limit veteran
benefit cuts to 25 per cent.
Without a record vote it also de
feated an amendment offered by
Senator McCaran, Nevada Demo
crat, restricting to 25 per cent the
reduction to be imposed on any
beneficiary under the veterans
statutes.
The Senate approved an amend
ment by Senator Dill, Democrat of
the state of Washington, forbid
ding the President to strike any
Spanish-American War veteran
over 62 years old from the rolls, j
The amendme.nt did not prevent
compensation reductions within j
present limitations.
SECRET POLICE OF
RILL WITHOUT Til
MOSCOW. March 16.—Invoking
a 10-.year-old law conferring ex
traordinary powers on the Ogpu,,
(Secret Police), the Central execu
tive committee made oublic a de
cree calling on that organization
to deal with special severity with j
employees of State institutions,
guilty of subversive activities.
The extraordinary powers in-:
elude sentencing and executing1
without public trial. The action
was the government’s answer to a
recent roundup of high officials of
the Commissariats of Agriculture |
and the State farms for supposed
counter revolutionary movements
in the Agrarian districts.
-*
CLEAVING BONDS
HOLLYWOOD. March 16,—Mar
ion Nixon, movie actress, seeks di
vorce from Edward Hillman, son
of an eastern millionaire. She
charges cruelty.
UNI EMEU
USE FUEL PS!
HOLLYWOOD. Calif., March 16,
—Five motion picture studios re
opened Wednesday after a week
of argument over salary cuts which
culminated in a one-day shut
down.
For the next seven weeks 10.000
persons in the industry, those
earning more than $50 weekly,
will work at reduced wages.
Union employees continued at
full pay pending arbitration cf
their difficulties.
PEIPING, March 16,—Both Jap
anese and Chinese sources con
firmed the fact that despite with
drawal of Chang Shiao Liang,
former North China overlord,
Chinese troops continue active re
sistance to the Japanese advance
at Hisfengkow Pass, in the Great
Wall, northeast of here.
General Sung’s 30,000 well equip
ped troops are harrass'.ng the in
vaders with repeated night raids
under the shadow of the Wall.
TOWDO DEATH
TOLL IS INCREASED
34: HUNDREDS HURT
MINOR PRECEDING STORMS IN
JURED MANY AND LEVELED
SCORES OF HOMES
NASHVILLE. Tenn., March 16. —
Relief crews searched the wrecked
area of hundreds of homes in Ten
nessee, Arkansas and Missouri as
the death toll from the tornado
reached 34, with more than 500
injured.
Additional hundreds were home
less. Hospitals were crowded with
the injured. Makeshift hosoitais
were set up in buildings which the
tornado, that struck just after
dark Tuesday, failed to raize.
In central Tennessee, where the
greatest havoc was wrought, urop
perty damage was estimated at
$1,000,000.
Minor storms that preceded the
main tornado injured eight per
sons and leveled scores of homes
in west Tennessee, east Arkansas
and southeast Missouri.
A LATER REPORT
The toll of dead in the tornado
that devastated towns in four
States of the Mississippi Valley,
increased to 41 as survivors dug
into the splintered wreckage of
homes.
At least 3C0 were injured, many
critically and property damage
mounted into millions. Ten per
sons lay in the morgue at Nash
ville, capital of Tennessee, which
escaped the full sweep of the twis
ter. Nine were killed at Pruderu
Six at Kingsport, five at Lebanon,
two each at Bellwood and Rogers
ville and three each at Barrogate
and Oswego and one at Millpoint,
all these are Tennessee towns.
NEW YORK. March 16.—Profes
sor Albert Einstein announced him
self as a voluntary exile, for the
present, from Germany, upon his
arrival here from California Wed
nesday.
How long he will remain out of
Geimanv. Einstein said he does
net know, but “I will not put a
foot on German soil as long as
conditions in Germany are as at
present.”
He sails Saturday for Antwerp
where he intends to decide his fu
ture course. ‘T am no Nationalist”,
he ,j:aid. The recent German elec
tions were won by intense national
elements. Einstein is a Pacifist
With the mentioning of Ger
many ire referred to the “Prevail
ing disease of exaggerated Nation
alism; this Nationalism is a grave
danger to the entire western civili
zation.”
MCE TRICK LOBBY
BICES WEB PEBBLE'S
RILL, PCI BILL Til
SACRAMENTO. Calif.. March 16,
—In defiance of the expressed will
of the people of California, the
race track lobby yesterday rail
roaded through the State assem
bly a measure to legalize race
track gambling in California.
Pointing to the tremendous pop
ular vote against the gamblers
last November opponents of the
bill made pleas for decency and
law. Thy were defeated by the all
powerful race track gamblers that
invaded the State capital and for
the time being, got away with the
bill.
The roll call showed ayes 50 and
no’s 29.
SACRAMENTO .Calif., March 16,
—Confident of victory, foes of cap
ital punishment yesterday pressed
for passage in the assembly the
bill to outlaw hanging in Califor
j nia. The bill passed,
j The bill struck at abuses under
| the present sytem by repealing the
I death sentence except for murder
i committed by convicts. It suhsti
! tutes a life penalty “without hope
of pardon” for first degree mur
• ders.