VOLUME XXIII. NUMBER 184. SEWARD, ALASKA
TUESDAY, NOVEMBER 27, 1928.
PRICE TEN GENTS
9DBM0US SUMS
APPARAlilTLY FREE
FOR SPECULATION
ANOTHER “BULLISH MARKET
BEWILDFRS HAPLESS BROK
ERS
MEW YORK, Nov., 27, (IP)—For
r.yclonic violence, yesterday’s stock
market has ,never been excelled in
the history of Wall Street,. Ordeis
to buy vast blocks of stock “at the
market” rolled in upon the hap
r*"le6S brokers from every corner ol
the United States and many foreign
countries in an avalanche.
There was no satisfactory explan
ation of the untrammeled specula
tion. Rankers and brokers were
equally at a loss to explain the
enormous funds of money appar
ently free for speculation.
The action of the stocks was be
wildeving, especially among the
highly volatile group. They soared
like sky-rockets and sometimes
came down with rude thumps thru
out the day. Profit takin in the
last hour caused many issue ■ to de -
cline but on the whole it was anoth
er “Bullish Hoover Market.”
DuPont, after rushing as high as
593, closed at 492 with a net gain of
52 points. The Radio Corporation
touched 307 and closed at 358 up
38 1-2 points. International Har
vester reached 394 3-4 and ciosed at
378 up 43 2-3 points, white Case
ffirasaing Machine tipped 500 and
slumped to 494 3-4 with a net ad
vance of 45 3-4 points. These were
the outstanumg performances but
stock® advanced m practically every
sroup from three to 19 points
FIUF EXCHANGE OF POLIWGA*
IDEAS, EDUCATIONAL AND
SCIENCE NEEDED
LAUNION Salvador, Nov.. |.T>»
—HeT icTt jTo^vov ~
tual respect between the countries
as the foundation for all sound In
ternational relations, in his second
speech on his “Good Will” tour and
also declared that upon the Inter
national economic relations the
foundations of other progress rest.
He said our international
economic relations can have bu
one real foundation; they can grow
only out cf each of us; they can nou
flourish in poverty or degeneration
of any of us. Our economic pro
gress is mutual, and is not competi
tive.”
But economic relations, Hoover
pleaded, should not be the only
medium of International amity and
urged a freer exchange in political
) idees. education and science. As a
^ means of bringing about “An en
during basis of mutual respect.”
CRITICIZES H
OF STMT'S TOIII
" WASHINGTON, Nov., 27, (ZP)~
Senator Walsh of Montana, and
Sena'or Norris, criticized the out
come of the trial of Ilobert Stewart,
standard Oil magnate, who was ac
quitted of perjury in the Continen
1 tl Trading Co., affair. Senator
Walsh said he would investigate the
k.. :ing of the Salt Lake reserves.
MEFKER IS SINKING
SEATTLE, Nov., 27, (/P)—Ezra
Meeker was a trifle weaker this
moraine: but regained consciousness
after a lapse of a day. Physicians
have little hope for his recovery but
say he might live a week.
DYKES GIVE WAY; TOWNS IN
UNDATED; DEATH TOLL 100
THUS FAR
LONDON. Nov., 27. f,T>)—Floods
followed in the wake of the four
day ga’e which caused a loss of a
score of vessels of substantial ton
nage ir. Western European waters
and possibly a toll of 100 lives from
Bergiu’n. north to Frisina Island.
Tha lowlands were flooded as the
sea wa sdriven in upon them by
raging winds; dykes and sea walls
buffeted by the heavy seas, gave
way to the rush of waters.
Police soldiers and civilians are
working frantically at Antwerp to
repair broken dykes; the city water
and gas mains are undermined and
suburbs have been flooded as have
been the industrial plants at Ho
boken and elsewhere. The incom
ing water closed railroad bridges
and damaged telephone and tele
graph lines .are down at Ostend,
Belgium, where water from the
seas ran down streets and inundai
ed ground floors of buildings.
A 130-fnot dyke broke with a
tremendous crash in Holland letting
in the sea; S.vlt Island and one of
the Frisian Group were inundated
and dwellers sought safety at the
higher points.
I
I
E BY
NmLi
WESTERN HEMISPHERE ALL IN
TERESTED IN THE ONE
GREAT TASK
AMAPALA. Honduras. Nov., 27,
UP)—President-elect Herbert Hoo
ver ir. his fir^t speech of his tour of
Central and South America declar
ed hQ is making’ the trip to Mari;
more of the common problems of
the Western Hemisphere that he
might be “better fitted for the task
which lies before me.”
Speaking before a large audience
of Honduras Government officials
and citizens Mr. Hoover declareu
the Western Hemisphere is all in
terested in the one great task of
“Advancement of the welfare of
the people of our respective coun
tries.”
The nations in North and South
America weie “Pledged thru the
blood of our forefathers to a Nat
ional independence, self govern
ment and development of the indi
vidual, the only sound foundations
of the human society.”
He concluded \v th a plea for con
stantly improving understanding
between the United States and its
neighbor nations.
I
FEED CLIMAXED
TJKIAH, Calif., Nov., 27, (JP)—D.
Tracy, ”3, is dead with a bullet in
his head and Dan Paddon, 70, is
being held in the county jail as tne
climax of a 25 year old feud be
tween the two men which started
When Paddon’s daughter killed
Tracy’s son years ago.
SECRETLY
i STROUDSBURG, Penn., Nov., 27,
'.''Pi— Announcement is made that
Rebast’an S. Kresge, Detroit chain
store millionaire, was married on
October 28 to Clara Swaine, of
Mountain Home, Penn. The bride
who hr d b^en married before is th
daughter of Dr. and Mrs. Frank Zitz
of Ne*.v York.
SUGGESTS EXPENDITURE GI
GANTIG SI7M AVOID ECO
NOMIC CRISIS
T 7 7 7 -n.n VO 'T-v 07 (/O'!
Governor Brewster of Maine, ad
dressing the Governor’s conference,
’•pcommended the fostering of
$3,000,000 000 in construction con
t-ncts to forestall unemployment,
and insure prosperity in the United
Sfates He made the suggestion at
the behest of Herbert Hoover he
said.
In advancing the plan, Governor
Brewster said; “Picture the ap
proach of an economic crisis with
unemployment on every hand. The
release of $3.000,000,0C0 to construc
tion contracts would remedy or
ameliorate the situation in the
twinkling cf an eye. Following the
flow of these $3,000,000,000 to con -
tractors, laborers, material, to fac
tory, to factory employees, mer
chants and farmers It grows like
the house that Jack built and un
|employment is at an end.”
famous Atlantic Liner to Make Her Pacific Debut
' KE/6HLEY
FEACU J
THREG A DM//SALS
WZ/O SERVED OiV
, "£(V«fSJ 0/=
E*AA/CE'
DECUA/M \
f *" ' 6 EMPPCEE OF FPANCG 0- P————————
w Za this modern age. speed Is ot
(paramount Importance, whether It be
lover land, on the sea, or In the air.
Jutiay executives and perishable com*
j'oux'JUee must arrive at their destl*
nations In as short a time as possible,
'and an modern science and human
[ingenuity have been devoted to this
[end. In this connection It Is Inter
esting to learn that the Canadian
Paclflo liner "Empress al France," the
fastest passenger vessel In regular ser
vice between Canada and Europe, has
been transferred to the Pacino. where
I she will vie with tho White Empressoe
I /for the speed record tint wean Van
and the Orient
During the World War the "Em
press of France" was chosen because
of her speed to be flagship of the
10th Auxiliary Cruiser Squadron ol
the British Navy. Under the com
mand oX Admiral Sir Dudley de Chair
she Intercepted nearly 10,000 vessels
plying between Canada and Europe
and prevented tons of contraband
materials from falling Into the hands
of the enemy. Early this year the
"Empress” made a cruise from New
York to South America and Africa,
touching at the lonely tale at Tristan
da Cunha en route, but another Tea
sel of her fleet, the "Duchess at At
hoU” at 20,000 gross tens, will suit
thle “cruls* of contrai»t«“ tn £nt.
The ~Kmpresa at Prance* la of IUN
grnaa registered tone end wee twM
cbneao by tbe Prince of Walee «•
carry biui to Canada, en route to
"W Rwvch' nesr £Pgh Riv«
--
EXPORTS DECLINED AND IM
PORTS INCRFASED OVER
THE LAST YEAR
WASHINGTON, Nov. 27, (A3)—
Secretary West of the Department
of the Interior, made public the an
nual report of Governor Parks of
Alaska noting a reduced success of
mining and fishing operations; but
! said in view of a poor year for
isalmon, industrial conditions and
the economic situation “Were in
general as satisfactory as could be
expected.”
Exports value declined from $80,
180.000 to *58 962.OO0 wM’a imports
increased from $32.062 000 to $33,
395. The report ascribed tne ex
port drop to a falling off in produc
tion of the salmon fisheries and
also the decreased mineral output.
The report said the fishing catch
this year indicated the total will ex
ceed all expectations expressing the
belief the present policy of the fish
eries bureau is sound.
The value of the fisheries pro
ducts for the year was estimated
$30,163 000 as compared to $54,660,
000 last year.
The value of the mineral products
were $14,404,000 as compared to
$17,664,000 for last year.
Under Territorial laws, providing
not above three percent of road
funds be expended for construction
'of aviation fields. 58 landing fields
have been built making it possible
for air transportation to the most
important of Interior localities.
CREWS MAY HAVE LANDED,
STATED, AND SUFFERING
FROM EXPOSURE
KETCHIKAN, Nov.. 27, i/P)—
Alarmed at the failure of the two
revenue cutters to find trace of the
12 men comprising the two crews
of the missing halibut boats Brun
voll and Imperial with the co-op
eration of merchants and oil com
panies. fishermen are outfitting the
halibut boat Senator commanded
by Chris Ross, and will put out to
morrow to assist in the search.
Th. Brunvoll is 40 tons gross ana
the Imperial 30.
The colony of fishermen here and
families of the crew are expressing
growing concern fearing especially
that the fishermen landed and are
suffering from exposure.
ATTEMPTS NON STOP
WAT.KERVJLLE, Ont.. Nov., 27
(iff5)—Leonard Flo of Ann Harbor,
Mich.. 26, a former army and air
mail pilot is making his second at
tempt for a non-stop solo flight
from Canada to Cuba. He took-otf
from the airport at 11-17 last night
and hoped to reach Havana in 13
to 20 hours. The distaince is 1,800
miles.
BOSTON, Nov., 27, (ff5)—A Boston
cigar manufacturer has speeded up
production by installing radio loud
speakers in his factory.