The Bismarck Tribune Newspaper, October 29, 1929, Page 1

North Dakota’s Oldest Newspaper ESTABLISHED 1873 THE BISMARCK TRIBUNE BISMARCK, NORTH DAKOTA, TUESDAY, OCTOBER 29, 1929 Agricult FARMERS NATIONAL GRAINCORPORATION -INUEGAL EXISTENCE Is First Commodity Cooperative ‘, Sales Association Set Up “ by Farm Board PLAN TO HANDLE HUGE CROP Extends Unified Marketing Into Domestic Terminal and Export Markets i. Washington, Oct. 29. — (7) — The First National Commodity Coopera- tive Sales association to be set up under the guidance of the farm board came into legal existence today as the Farmers National Grain corpora- tion filed incorporation papers at ‘Wilmington, Delaware. Similar organizations for the wool and mohair and livestock cooperatives are in of formation and will be completed soon, the farm board announced, at the same time express- ing the hope that cooperatives hand- ling other commdfiities would foster a similar move. The new grain corporation will| make use to the greatest extent pos- sible all existing farmer owned grain marketing facilities. The board said the organization would have adequate capital and if given adequate support | of farmer owned grain cooperative as- i rociations will handle annually in} excess of 500,000,000 bushels of all grains. General and active management of | the organization will be in the hands of a general manager who, the by- Jews provide, shall be a person “ac- ceptable to the farm board.” Provide Lean Medium Chairman Legge. of the farm board, announced in Chicago several days ago that approximately $10,000,000 would be made available to the grain cooperatives. The grain corporation, the board believes, will provide a me- dium through which it can make loans to grain marketing associations. Such an organization, it was said, should not only reduce local and ter- The corporation has an authorized capital stock of $10,000,000 and no patronage dividends will be distribut- ed until the capital and surplus total $20,000,000. Dividends on all stock, which can be subscribed to only by farmer elevators associations, farmer agencies and grow- be in will of i i E 23 a Ee i ily E atu staal | ieette? g l i i f F rt F Hi i i i 4 Q) " ike tts Be iF | ural Re The Weatlier Probably snow tonight and Wednese day. Not much cliange in temperature, Northwest Speeded U PRICE FIVE CENTS N. D. Man in Lake Disaster lief for FROM 1070/15 MEN DROWNAS STEAMER STOCKS RALLY AFTER PLUNGE DOWNWARD SNS OFF KENOSHA; Electrocution, Case, Theft, Stir Fort Yates e —eO | Straton Dies | | 2 A Dr. John Roach Straton, noted fun- damentalist Baptist preacher, died ul tedly from a heart attack at- tributable toa nervous breakdown. His militant beliefs earned him nation- wide fame. DR. J. R.STRATON, 54, MILITANT PREACHER, DIES AT SANTTARIUM Nervous Bre: Noted Fundamentalist Baptist Divine Clifton Springs, N. Y., Oct. 29.—(#) —The Rev. Dr. John Roach Straton, noted militant fundamentalist Bap- tist preacher, died at a sanitarium today. He was 54 years old. Although seriously ill with a nerv- ous breakdown for the last month, death came unexpectedly at 5:50 a. m. after a heart attack, his wife was at his bedside when he died. paralytic stroke last April and immediatciy after went to a sanitarium at Atlanta, Ga.. for a rest. He returned to his home a month ago, but soon suffered from a nervous breakdown and en- tered the sanjtarium here. Was a Fundamentalist Dr. Straton was a militant funda- mentalist, and in recent years had clashed repeatedly, with proponents of rf i e i # E 293 fe HG F i EH 1? deg g i E z Hy iif: fl § | i H 4 E | F i [ 3 kdown Fatal to; Hit-and-Run Charles Reel, 23, Killed Instant- ly Grabbing High Power Electric Line AUTO VICTIM IS NEAR DEATH : | George H. Drowley’s Office Is | Looted of Criminal Evi- dence in Robbery (Tribune Special Service) Fort Yates, N. Dak., Oct. 29.—In- vestigation into an electrocution, a bsand-run driver affair which may yfove fatal to one man, and finally the robbery of his own office arc keeping George H. Drowley, Sioux county state’s attorney, busy. A short time ago Charles Reel, 23- year-old Indian youth, was riding about on horseback and came upon a high power electric line near Fort Yates, as far as authorities can deter- mine. With curiosity apparently | getting the best of him, the young brave reached up and grabbed it with ; both hands, dying immediately as the current shot through his body. He was buried at Wakpala, S. Dak. | ‘There were no witnesses to his death. George Bachelor, 35, who had been working in the Selfridge district, to- | day is unconscious and in a critical |eondition in a Mobridge, 8. Dak., hospital suffering from injuries re- ceived when he was struck by a) speeding hit-and-run driver near Selfridge early Sunday morning. He | suffered a fractured skull, internal | injuries, and broken bones and prob- ; ably will not live, Drowley says. i Beth: Knocked. Uncongclous | Bachelor was walking ih Eddie Broxmeyer, another laborer, on a road west of Selfridge about 12:30 a. | m. Sunday when the speeding auto- | mobile struck them from behind, | knocking both unconscious at the roadside, and continued on its way. | Broxmeyer recovered Selfridge for aid. As both were knocked unconscious, nothing is known by either of the victims about the car or its occupants except that it etruck them. Brox- meyer is out of danger, Drowley says. | driver. Steal Criminal Evidence | The climax of the week for Drow- | ley came Monday morning, however, | when he opened up his office and | found that it had been robbed of | evidence for a crinsinal case he had ; gathered a few days before at the home of C. W. Beckwith, near Fort at the request of Drowley and took photographs of fingerprints believed left by the robbers. It is probable that no action will be taken until photographs of the fingerprints are developed. rt if rite a i E ; aH i i # 34 “ek ? Wins $75,000 from Rich N. Y. Spanker Two years after Harry K. Thaw, Iderly but playful spanked her with a hairbrush, Marcia Estardus, former Broadway showgirl. smiles triumphantly. For a New York jury in her suit for damages took only 50 mintues te decide that she had suffered $75.000 worth of in- dignity by Thaw’s treatment. She's pictured here just after the sur- prising verdict was announced. SENATOR BURTON, 77, ADVOCATE OF PEACE, DIES IN WASHINGTON consciousness tension shortly after 1 a. m. and walked to/ Loved and Respected Legislator |3 p. m. From Ohio Continually Sought for Peace Washington, Oct. 29.—4—The na- death of one of its most loved and respected legislators, Senator Theo- dore E. Burton of Ohio. After pul t of gore — | L i i f= i i i i jE : i i! i 5 i ii i ! tf BR g | f f i z: FS g AL I g ii g i i E E | F . | i | i f | j i i FP ( i s 2g E [ é i E i z i g 3¥ Fi f i i Hi i i E é f : 4 i i i i i cheng. 1 ! j i E | H i 3 Hi ig i i f § { ( millionaure, | ! | | | 20 BILLION DOLLARS IN SECURITY VALUES WIPED OUT INCRASH Crest of Flood of Selling Ap-; pears to Have Passed on New York Exchange SHARE DAY SEEN 16,000,000- Rebound Reaches Impressive Proportions as Speculative Favorites Are Bought New York. Oct. 29.—(?)—The cresi of the flood of selling, which has wiped out at least 25 billions of dol- lars in the quoted values of securities in the last week, appeared to have passed in the New York securities | markets early this afternoon when a brisk rally followed another disastrous decline which had carried scores of issues down $1; to $70 a share. An indicated turnover of 16,000,000 jshares was seen in the announce- |were 13,838,000 shares, with the ticker 82 minutes behind the mar- ket. York stock exchange held a special meeting early this afternoon and decided to keep the exchange open for the full five hour session, clos- ing at 3:00 p. m. Another meect- jing of governors has been called for 6p.m. Equals High Record Sales of stock on the New York jStock exchange up to 1 p. m. totaled | 12.652,000 shares, which compared ; with the high record for a full ses- : Sion of 12,694,600 shares, recorded last Thr sday. Because of the tremendous volume of trading, and the physical diffi- culties in making deliveries of securities in the congested financial district, governors of the New York stock exchange made a further ex- in delyery time from 2:30 to ities purchased one day ordinarily must be delivered by 2:15 P. m. of the following da: The early afternoon rebound reach- ed impressive proportions in some of |the speculative favorites. Westing- house Electric ri He has no wace of the hit-and-run tional capital today mourned the | $124, Radio from $26 to $39, Johns- Manville from $109 to $121, Interna- tional Telephone from $63 to $7, New York Central from $175 to $185. American Telephone from $207 to $216, and Atchison from $221 to 16, $229.50. Losses Exceed Gains The following table indicates the around 12:30 We ahr? ra g fay at in | g é : : i LE t I fi af fs £4 : 2 - | aii | Uh ili sf ik ii f Beas i sg HE] | Li | | t FE 19F iH iF af ga Hy 23 5 iment that total sales to 2:10 p. m., The board of governors of the New ! lied from $100 to; 3 | ment,” and declared every element in i 5. ! ! { | {Al State Elevators Full of Grain | | and Many Farms, Too, Board Is Told SOUTH DAKOTA BACKWARD ‘Fall Grain Movement Called a ‘Miracle of Accomplish- | ment’ by Advisers ' Duluth, Minn., Oct. —(P)—Estab- lishment. of a new iron ore shipping \ record stands out among business de- velopments of the year in Minnesota, W. H. Perry, Minneapolis, vice chair- man for the state, told the northwest | shippers’ advisory board at its quar- jterly meeting today. Coal receipts have exceeded 1928 shipments for the head of the lakes, while government reports indicate | crop yields in the state will approxi- mate or exceed long-time averages, Perry said. While the North Dakota crop was short in volume, prices gencrally have |been above average, and the state is {in much better condition in a busi- ness way than was expected July 1, ,C. W. McDonnell, Bismarck, North Dakota vice chairman, told the board. South Dakota Backward A. W. Tomkins, Huron, vice chair- man for South Dakota, said little progress, if any, has been made by farmers of that state in a financial way this year, due to poor crop yields. He pointed to possible gains in price levels as affording help. | Telling of ore shipments from Min- nesota this year, Mr. Perry said $3,264,000 tons had been sent by Oct. | 1 and that the season total is expected to be from 60,000,000 tons to 65,000,000 | tons. The previous peak was 59,036,000 | ; tons in 1033. | Receipts of coal at the head of the ; lakes were 8,834,981 tons Sept. 30, as | compared with 8,093,615 tons last year. | Perry also pointed out that dairy | production and income from it has more than doubled in the last ten | years. | N. D. Elevator Filled McDonnell said nearly all North | Dakota elevators are filled with grain and that a larger percentage of the grain crop still is on farms than is usual at this time of year. | “There are several contributing ‘ causes,” he said. “Chief, of course, is |the terminal elevator congestion. In addition there is general disposition ‘on the part of the farmers to hold | grain for better prices.” Defend Terminal Elevators The joint grain transportation | committee of the northwest shippers advisory board came to the defense of terminal elevators in narrating the events of the fall grain movement in a report to be presented today. It pointed to the movement this fall asa “miracle of accomplish- BEACH CONPEREN HAMPERED BY RA Farmers Agree Wheat Farming | Is Better Than Diversified in That Region Beach, N. D., Oct. 29.—(7)—Snow and rain today limited the attendance at the final session of the Golden Valley County Farm Economic con- ference which opened yesterday. Running counter to the general teend of agricultural development in NORTH DAKOTA BUSINESS GOOD | MDONNELL INFORMS EH red d iy SHIPPERS; ~" ' ncaa i Final Stock Prices > com: quota pared with s When the} tions, are given market closed the stock t approximteely t hours printing tra: : off 16, American ‘eign Power 55, i y behind in ff 6. d Telegraph jectric 63, off ‘onsolidated Oil 24, off tir Con ndard Oil of New Jersey 5 RUTHICASAXVIK, 13, CRTICALLY INJURED IN ALTO-BKE CRASH Daughter of Superintendent of Schools Has Been Uncon- scious Since Collision Ruth ‘Tea Saxvik, 13, daughter of Mr. and Mrs. H. O. Saxvik, Bismarck, was in a critical condition today from serious injuries suffered shortly after 6 p. m. yesterday when the bicycle she was riding collided with an au- tomobile at Fifth street between Ave- nues C and D. C. H. Sjostrand of Eckelson, Feared Lost, Rescued From Maelstrom of Waves | CRAFT FOUNDERS IN STORM :;21 Maddened Men Rescued by 5 Heroic Efforts of Sailors and Coast Guards Kenosha, Wis., Oct. 29.—(@)—From jj 10 to 15 men went down with the lake steamer Wisconsin in a terrific gale off the Kenosha shore early to- day. _More than three score were saved, many of them maddened and some near death from the horror and the exposure of hours in the wind- ,.| Whipped sea. The three passengers aboard were rescued. Captain Dougal Morrison, bound to his duty and true to the tradition of the sea, remained aboard his ship to the last and went down with a score of shipmates for whom the rescuing coast guard vessel came too late. His body was picked up later. Chief Engineer Julius Buschmann of Manitowoc, Wis., clung to a@ life raft as the steamer up-ended, rolled over and sank. Rescuers tried to haul him from the water but, crazed vi es plight, he fought them off and Rescuers Battle Waves For five hours the twin coast guard crews from Racine and Kenosha and the crew of the tug Chambers Brothers battled grimly with the 30- foot waves and the driving northerly gale to take off the luckless passeng- ers and crew. Unable to take aboard a line from the rescuers, most of the crew set off in five lifeboats and were trans- ferred to the coast guard ships. The Racine and Kenosha crews and the Chambers Tug were fighting their way to the ship again when it found- ered. A score of men “were taken from the two life rafts that floated free of the wreck. Two hours after the Wisconsin went down there were cight known dead; 66 accounted for, and three of the dead had been identified. Miss Saxvik was knocked uncon- scious in the collision and still was unconscious in a local hospital at) oon today, her attending physicians reported. She received a compound fracture of the right leg. a break in her right arm just below the shoulder, and possibly other injuries, her doc- tors say. Physicians said her condi- tion was favorable at noon despite the fact that it was critical. Riding in the automobile were John 'W. Larson, 800 Avenue D, the driver, and J. L. Vrzal, 1006 Seventh street. The two men took Miss Saxvik to the hospital immediately after the ac- cident. The injured girl, daughter of the superintendent of Bismarck city schools, is a student in the eighth grade at Will junior high school. Her parents reside at 622 Eighth street. Wheat Prices Rise After Sharp Break Chicago, Oct. 29. — () — Foreign Purchasing of enormous quantities of American flour and wheat counter- balanced the demoralizing influence of the stock market collapse today jand the wheat market rallied after a break of nearly seven cents a bushel. The close was 1» to 2'sc lower than yesterday, December wheat resting at |$1.24% to $1.25; March at $1.32 and May at $1.35 “to 7%. ° Queer Burglaries! Well, We'll Shout Evanston, Ill., Oct. 29.—(@}—In Evanston, there is an epidemic of the 1 | \ These were: Captain Dougal Morrison, Chicago Chief Engineer Judas Buschmann Manitowoc, Wis. Victor Yesus, Chicago, scaman. Walter Ryan, deck hand. I. B. A. Cassegas, Chicago. Joe, third cook. “Old” Joe, deck hand. The three passengers aboard were Eckelson, N. D. Sjorstrand, first re- Eckelson, N. D. Sjorstrad, first, re- Ported drowned, later was found alive and among those rescued. Sjostrand was picked up from 5 lifeboat by coast guard vessels anc brought ashore at Maddened By Experience Most of the 21 brought ashore were maddened by their frightfu’ (Continued on page nine) WIFE ATTEMPTS 10 BURN DRUNK HUBBY Duluth, Oct. 29.—()—The burning alive of a Duluth man by his wife, angered because he came home intox- icated, was prevented last night when Ue