The Daily Alaska empire Newspaper, April 23, 1932, Page 8

JUNEAU TAKES TENNIS GAMES | FROM DOUGLAS Local Boys and Girls Win| Double and Single Tournament Sets }r Heads Demos Drive [ | resenting Schools. | double gu—la y were a3 follows: Juneau Boys' Double—The Cowling and Hilding Haglund. Juneau Boy Singles—Peter Mel- Juneau Girls' Double—Eva Roco- | vich and Barbara Winn. dore Assootated Press Photo Col. Arthur O'Brien (above), W ashington attorney, was selected | Juneau Girl Single—Elen Mize. f head of the democratic national, Caldwell is held in lieu of §1-|f Douglas Boys' Double — Lioyd | “victory” fund drive, succeeding|500 & Guerin and Arne Kronquist. | James ‘W. Gerard who recently re. o Douglas Boy Single—Harry Lun- | dell Douglas Girls' Double — Mary Pcarce and Astrid Loken. . Douglas Girl DOUbl?S—Mirg‘a.rv!;GLN CLUB TO HOLD committee. lub, the contesis were played/ s court. They began at 10 Members of the Juneau Gun Club will hold their second shoot of the k this morning and were season tomorrow morning at 10 concluded early this afternoon. |o'clock. RSP 2. o A Ldst Sunday nine members show- Damage esiimated at 8500,000,- 000 was caused by, the Yangtse flood, according to formal on the final survey. ed up at the traps to try their .skill, and with favorable weather {conditions a larger turnout is ex- I pected tomorrow. (Paid Advertisement) AS[( fOl' d Democratic Ballot And vote for the nomination of the ablest candidate seeking that office For Delegate to Congress-- SENATOR A. J. DIMOND And we solicit your votes for the following “Roosevelt for Candidates who filed at the request of the party througk its Territorial Convention at Fairbanks— President” For National Committeeman-- JAMES J. CONNORS ational Convention-- T.H. DEAL, A.A. SHONBECK, H.F. MORTON, W. B. KIRK, JOHN W. TROY and JOHN G. WALMER For Alternate Delegates to National Convention For Delegates to P. C. McMULLEN, C. J. TODD, THAL, ALLEN SHATTUCK and ALD For Commissioner of Eductaion-- ARCH McDO! A. E. KARNES For Attorney General-- JAMES S. TRUITT For Auditor-- FRANK A BOYLE For Highway Engineer-- W. A. HESSE For Senator-- NORMAN R. WALKER /ote for Four Only of the following for Representatives-- JOE GREEN, C. H. HELGESEN, THOMAS | Aleutian Tslands, was charged with signed as treasurer of the national | CHARGED WITH ' SETTING FIRE Teacher Is Held in i Jail in Seattle SEATTLE, April 23. — Horace Caldwell, aged 54 years, former government school teacher on the second degree arson in the Jus- tice Court here yesterday in con- |nection with a fire in his home damage. 3 Fire Inspector C. R. Rohr said lffro;ene soaked newspapers were on the house which Rohr said iwas ‘twice the value of the prop- erty. ATTENTION MASONS ication of Mt. Juneau Lodge No. {147 at the Masonic Temple Mon-[ By order of the W. M. J. W. LEIVERS, Secretary. Mrs. E. J. White is a passenger aboard the Yukon for Juneau. She will be connected with the Alaska Museum’ 'during the tourist sea- son. | Degree. { | —adv. - T0 HIS HOME| ;Former Alfia Schooll! iwhich was put out with nominal ! scattered on fthe basement floor. ‘) Insurance of $8,000 was carried | ‘There will bea Stated Communi- |} |day evening. Work in the M. M./} SHOOT TOMORROW Blast Destroys New Ohiop State Office Butldmlr THE DAILY ALASKA EMPIRE, SATURDAY, APRIL 23, 1932. Associated Press telephoto showing part of th: wreckage caused by a terrific explosion, followed by fire, in the freshly finished $6,000,000 State building at Columbus, Ohio. killed and scores injured as the force of the blast carried away one side of the 13-story marble structure. Damage was estimated at $1,000,000. Eight are known to have been ) D T Jack Sey and wife are aboard the Yukon for Juneau. and most capable S. HELLEN- JUDSON, J. W. KEHOE, FRANK J. PERA- TOVICH, F. A. SORRI, ALBERT WILE “D!MOND FOR DELEGATE CLUB o OF JUNEAU i (Paid Advertisement) SHORT SELLING INVESTIGATION | IS BEING MADE Has Prachce on Stock Ex- change Caused De- | pressed Stocks? (Centinwea from Page One) | OPERATIONS IN ALASKAJUNEAU BEFORE SENATE Nephew of John D. Rocke-| feller Tells of Deal with “Ben” Smith | (Continuec from Page One) sells stocks at high levels ex- pecting to buy when they pare lower. Bull operations are relatively easy to understand since it is a csimple matter to profit from'’an increase in prices. To maké a profit when prices decline is not Guile so simple. | Short Seller “Borrows Stock In the first sells. He borrows, it from 'an! owner, put{ing up cash for secur- ity. If the owner of a stock bor- rowed money and put up his stock as security it would be| somewhat the same transaction,| except that the emphasis would | be money borrowing, in the first case it is stock borrowing. The lender of the stock expecvm to get stock back and meanwhile he has the use of the short sel- ler's money. The short cannot sell stock unless an owner will lend it to him. ‘Some owners of stock refuse to lend on the ground that it helps! depress the value 'of ftheir stock.. Others lend, holding that furida- mental business conditions make the-prices and that if prices must! go down it is a good thing to have a shom side since shorts, must buy stocks sometime on the | way down, thus cushioning the| market. If prices go up the lender has had the use of the short's mone'y.l and the short must buy on mel way up giving a.dded impetus to “he rise. Oppenents Call It Uneconomie’ * Opponents of bear selling insist it is an nomic operation, ((m:-l ing prices down mw—mm would normally fall and hi 2 normal rise. Particularly do they object to bear raids, heavy sw.:k selling. . While stoc® market nflhcms say they prevent such raids, short sell- ing opponents insist the exchange officials do mot, in fact, stop raid- ing. " —_——————— v NOTICE ‘ Dr. C. L. Fenton, Chiropractor, is now located in the Hellenthal Build- ing, in the offices formerly oceu- pied by Dr. Barton, whose fixtures and equipment he has purchased. —adv. e oup-pmiurnestmmhm got {down in the summer of 1931 when its list. He said he had been unable to locate Bragg and Smith since. Gray said there was a plot of ten operations in Alaska Juneau which Rockefeller declared Bragg and Smith bought | cne year ago. { Gray added the stock was going | rot stock ocks were going up. RLck»! r how | ¢his could happen without mampufi lation. He said Smith went to| ! Alaska to obtain information about | operations, but did not know | whether he went to Alaska before | lor after the pool was formed. ! Eenator Barkley, Democrat of | Kentucky, asked why R,ockefflllflr, picked Smith. Gray interjected: | ‘May 1 suggest they pxcked Rock- efeller?” Senator Barkley r led: “The | public got picked, probably.” | SMITH HERE LAST SUMMER Mr. Smith, accompanied by his | terms about | ; family, spent several last summer, carrying on beneath Dora and Hallum groups. said at company. Just prior to sailing for home, he gave a statement to The Em- pire in which he praised in strong the capable and efficient management of the company. BRAGG SHOWS UP WASHTNGTON, April 23—Thom- Bragg, Wall Street operator, amved unexpectedly today and cld the Senate Banking Commit- ce that John J. Raskob and a n others were with him in Anaconda copper pool, includ- Percy Rockefeller. Pragg satd he lost $400,000 in the pool. Bernard Smith also arrived here today. — e BEADS AND DEEP COLLARS PRODUCE COSTUME EFFECT WASHINGTON — Striking cos- {tume effects may be obtained with beads and deep collars, 3 Madame Aly Ismall Bey, wife of the flirst secretary of the Egyptian !ezvum wears with a plain dark |dress a depe openwork collar of 'wmbe silk edged with lace. Her necklace of large colored and white {beads adds a finishing touch. Daily Empire Want Ads Pay days heve going through the Alaska Juneau and looking over the prospecting operations it was its present main haulage level and on the He was t time to be the largest individual owner of stock in the | on C. N. Schedule— Sails on June 3 the first Canadian National vessel to make the Vancouver-Juneau- Skakway run this season, accord- ing to James Carlson, local Hup- a Vancouver. It will replace its sis- ter ship — Prince Henry — on the Alaska route during the season. According to information obtain- ed by Mr. Carlson at Vancouver, the Prince Robert will sail from Vancouver on June 3, three days ahead of its original scheduled sailing. It will make a special trip to Sitka and Port Althorp, it was reported. The regular schedule, however, is unchanged from last season, calls being made at Ketchikan, Wrangell, Juneau and Skagway. Its arrival hour here northbound is fixed for 2 pm., and it will remain in port seven hours, sailing for Skagway at 9 pm. Passenger traffic officlals of both the Canadian National ‘and the Canadian Pacific are more optim- istic regarding the outlook for tourist business this season than they were last year, said Mr. Carl- son. They expect materially heav- ier tourist bookings on the British Columbia-Alaska route. ELLIOTT TO LEAVE SEATTLE MAY 10 ON RETURN TO JUNEAU Maj. Malcolm Elliott President of the Alaska Road Commission and District Engineer, TUnited States Board of Engineers, who has been in California for several weeks, will sail from Seattle on May 10, for Juneau, according to advices received from him today. Ike 'P. Taylor, Assistant En- gineer of the Commission, sailed from Seattle today for this city. He has been purchasing equip- ment for the coming season's work, B AR AT OSLO TO GET LINER FLATS OSLO—A local syndicate is dick- ering for the 20,000-ton liner Car- mania, scheduled to be dismantled, |with the idea of mooring her to |a quay and renting cabins to small |families and bachelors. There would be room for 2,000 people. mobile dealer and taxicab operator, | who returned home this week from | business trip to Seattle and RUN THIS YEAR; |Will Replace Prince Henry! The liner Prince Robert will be| ‘Awsoclated Bress Phota A new member of the family of Dr. and Mrs. Franklin Thorpe of Hollywood Is expected in August. Mrs. Thorpe is known In the films as Mary Astor, ———.— DANES DECRY GERMAN TAX COPENHAGEN — Because Ger- many doubled the duty on Danish butter, the Union of Danish Agri- culturists, with 150,000 members, asked the Government to denounce Denmark’'s commercial treaty with | Germany. Independent Druggists Special MONTAG’S Fashionable Writing Paper 1 Ib. Paper, 1 Ib. Envelopes Both for 65 cents Juneau Drug Co. “There Is No Substitute for QUALITY” BUY CORN MEAL NOW CHINA TANK TOILET $19.95 Each We sive FREE with every closet com- bination sold a high grade brush for cleaning the bowl. Rice & Ahlers Co. PLUMBING—HEATING—SHEET METAL “We tell you in advance what the job will cost” Phone 34 JUST ARRIVED ASSORTED NUTS with MILK CHOCOLATE COATINGS, a tasty, delicious DOLLAR DARK CHOCOLATE COATED MINTS, pound confection, pound GEORGE BROS. 5 FAST DELIVERIES—10 a.m., 11 am., 2 p.m., 3:30 p.m., 4:30 p.m, Store Open Evenings a [T | The Leader Department Store GEORGE BROTHERS 1& L L LT T T T PHONE 134 e EXPRESS MONEY ORDERS |umlmulmunulmwmmuM|mlnmnmmlmlmmnmmmm GOOD NEWS! FOR THOSE WHO LIKE GOOD CANDY Augustine & Kyer’s CANDIES Former PRICE $1.65, NOW Former PRICE 1.25, NOW Former PRICE 3.25, NOW Butler, Mauro Drug Co. * THE REXALL STORE FREE DELIVERY SHUTTH T