The Daily Alaska empire Newspaper, April 22, 1933, Page 1

THE DAILY ALASKA EMPIRE. “ALL THE NEWS ALL THE TIME” { ¥ VOL. XLL, NO. 6321. JUNEAU, ALASKA, SATURDAY, APRIL 22, 1933. STOCK ISSUES ADVANCE AGAIN, BRISK TRADING Selling Begins at Start| then Market Turns Up- ward, Keeps Gaining BUSINESS NEWS IS | KEEPING CHEERFUL Many Leading Shares Push Up One to Four Points | —Final Tone Strong NEW YORK, April 22. — The Stock Market briskly resumed the B advance today after absorbing a| little more selling at the start. The| final tone was strong. Many issues were up from one to more than| four points. § Trade was active and the turn-| over for the two-hour session was about 2,300,000 shares, the largest| in a long time for Saturday. Bonds took a new grip on ascend- Mey Succeed Lowell WINNIE JUDD'S SANITY HEARING 1S NEARING END || Fate May Be Known Today ] —Final Arguments 1 Being Made FLORENCE, Arizona, April 22.— Winnie Ruth Judd may know late today whether shé hangs next Friday or will be committed to an insane asylum. Only the final arguments the Judge's instructions to thg jury remain to be completed at the condemned woman's sani hearing before the case is placed in the hands of the jury. Mrs. Judd appeared more ner- vous yesterday/than formerly and shie spent a restless night. Mrs. Judd was to have besn executed yesterday for the slay- ing of Mrs. Agnes Anne Leroi, former nurse of Juneau, Alaska, and Miss Hedvig Samuelson, form- er, school teacher of the same ‘and ing prices. Despite some irregularities and profit-taking a strong undertone was aj The curb continued to advance somewhat irregularly despite furth- Kenneth Dallard Murdock, Har. jvard professor, is mentioned as the | Possible’ successor to Dr. Abbott |Lawrence Lowell as president of iated Pre inis LY |Marvard. (A er active realizing. ¥ While fluctuations narrowed in foreign exchanges, speculative| quarters were imbued with ;he idea that the Administration is com- mitt=d to a set program and the advance was readily resumed in commodities as well as shares after carly profit-taking. Business news continued modev- ately cheerful. ; The stock ticker kept humming through the session. Metal Shares Up Metal shares again were up. Prominent in the’ rise were Am- crican Can, United States Smelting, American Tobacco B which wenb up four points. g Issues up two or more points included Dupont, American Suga.r. International Silver, Allied Chemi- cal, Union Pacific, Corn Products and others. Gains of Onc Point Those up one point or more were United States Steel, Ameri- can Telephone and Telegraph, San- ta Fe, Anaconda, Kennecott, In- ternational Harvested, United Fruit. Utilties did not participate much in the advance but some closed with gains. Standard Oil of New Jersey advanced a fraction. Cotton andg rains rallied after early setbacks. CLOSING PRICES TODAY NEW YORK, April 22—Closing quotation of Alaska Juneau mine stock today is 18, American Can 75%, American Power and Light 6%, Anaconada 12%, Bethlehem Steel 23%, Calumet and Hecla 4%, Auburn Motors 42%, Fox Films 1%,| General Motors 17%, International Harvester 20, Kennecott 15%, North American 21%, Packard Motors 2%, United States Steel 42% EXCHANGES IN FOREIGN LANDS REMAIN NORMAL Fluctuations of American Dollar Are Small, Lon- don, Paris, Berlin LONDON, April 22. — Although the general tendency for better .pusiness is slightly restricted, the Stock Exchange Market closed with a quiet tone today. Fluctuations of the American dollar continued small. BERLIN, April 22.—Market transactions are normal with the American dollar holding its own. PARIS, Apri: 22—The Bourse tone was irregular. The tone of the American dollar has improved. ——— Cut’er Down Boys to the 3.2 Per Cent The City Council last night instructed Police Chief C. J. Davis to step the four-five-six games, It was declared the games should .be no stronger than legalized beer, 3.2 percent. MOONEY JURORS MAY HEAR ONLY DEFENSE STORY |One of Stra;g;sl Cases Will | Go to Trial on Next E Wednesday | SAN FRANCISCO, April 22— EThumn.s J. Mooney, who has spent the past sixteen years behind the walls of San Quentin prison after this conviction of participation {the bombing of a Preparadness Day |parade here July 22, 1916, will go Eon trial April 26 in one of the strangest cases ever presented 0 & Superior Court. Mooney was indicted for the kill- ing of each of the ten persons who died after the explosion. He was convicted on one indictment and all but one other was dismissed. 1t is on this indictment, sixteen v2ars later, he is now to go on trial, fully |aware an acquittal cannot affect his previous conviction except in so far as it may create sentiment to have the only person ahle to |give him freedom, the governor, act fayorably. Believes Mooney Innocent But District Attorney M!tthew Brady, who long has felt that EMooney‘s conviction was ‘“unjussi- fied,” claims that more than like- ly he will present no evidence in the case, probably not even any of the testimony given at the pre- vious trial. In spite of this, leo Gallagher of Los Angeles of the Mooney counsel, said he will pre- sent witnesses to refute the tesii- mony of the first Mooney trial, sixteen years ago, although Moon- ey in this case may have no word of evidence against him. Brady rests his decision on th2 ethical theory that a “district at- torney should at least vouch for the credibility of his witnesses.” “In this case there were five principal witnesses,” Brady said to- day, “Frank C. Oxman, the Orezoa cattleman; John MacDovald, now living in Baltimore; Estelle Smith, have never believed Orman was in San Francisco on July 22, 1916, and he could not have seen Moon- ey at Steuart and Market Streets. Although he is now dead, T cannot honestly introduce the testimony that he gave sixteen years ago when I feel that it was then per- jured. Supreme Court Quoted “Of John MacDonald the Su- preme Court said after listening 10 city. INFLATIONPLAN IS OPPOSED BY 4 REPUBLICANS Democrats Confident Pro-| gram Will Be Passed by House, Senate | I WASHINGTON, April C nunciation of President Roosevell's plan of controlled inflation was s- sued last night over the signatures of four prominent Republican mem- | bers of Congress, Senators Reed, | Pennsylvania and Walcott, of | Connecticut; Representatives Snell of New York and Luce, of Massa- chusetts. Objections Made The statement said the Pres! dential proposal will cause no per- manent prosperity and violates' most of the elementary princlplcs' |of economics and is better desizned to defeat than promote business! recovery. The statement was prepared at conferences attended also by Ogden L. Mills, President Hoover's Sec- retary of Treasury, and statedly bore his approval although not his signature. Demecrats Hopeful Democratic leaders stood on their | ground confident of more than| enough votes for approval of the| {program in both the House and, | Senate. { To only one provision in the' Roosevelt plan pending in the Sen- | MEMBER OF ASSOCIATED PRESS ROOSEVELT, MDONALD CONFERRING World Leaders I nmtedl;y Roosevelt to E('onorfiviéiParley World leaders are to assemble in Washington at the invitation of President Roosevelt to seek remedies for the world’s econcmic plight. Pictured upper left are Premicr Richard Bennett (left), who will represent Canada, and former Premier Korekiyo Takahasi, who is con- sidered the first choice of the G SENATE PASSES| SIXTEEN BILLS, MOSTLY REPEALS Only Two New Subjects Covered in 16 Passed Today by Senate i Sixteen bills, seven of which re- pealed old laws, seven others amended still others and only two of which are entirely new, were passed by the Senate today and yesterday afternoon. In addition three memorials were passed. The Senate was still in session late this afternoon working on a lengthy calendar. 3 | One of th: memorials, Senate No. 10, appeals to the Interior Department and Office of Indian Affairs to not discontinue the operations of the Indian Service medical boat on the Yukon River. Hears Suspension Planned It is declared that the Legisla- ture had been informed the hos- | pital ship would not be operated this year in order to cut the Medical Relief Service expenses in overnment to represent Japan. FOREST WORKERS ENJOY MESS Fran (Asscciated Pre: ate could the Republican leadeirsfthe Territory by 10 per cent. It is subscribe and that was authoriz-|psinted out that the work of the Some of the first contingent of men recruited into President Roose- velt’'s reforestation army are shown enjoying their first mess at Fort Slocum, New Rochelle, N. Y. They are wearing the special uniforms Nellie Edeau and Sadie Edeau. I ing the Federal Reserve System to buy up three billion dollars worth | of government bonds as a means of expanding credit. Representative Snell told the newsmen today that so far asj he knew, none of the Republicans who joined him in opposition against the inflation program had consulted with Herbert Hoover. The Representative said he did know whether Mills had discussed the program with Hoover. | | | France to Remain On Gold Basis Standard to—B—e- Maintained —Cabinet Meeting Held in Paris PARIS, April 22—France de- clared for mainenance of the Gola Standard after the first Cabinet meeting to consider the present monetary situation caused by Am- his testimony: ‘A more abject spec- tacle of debased manhood was nev- er before presenicd to any body of judicial or semi-judicial investi- gators. Had the John MacDonald, of 1916, in outward aprearance or manner of testifying, been the man of 1930 as he apeared before| this body, it is inconceivable that any appreciable amount of cred- lence would have been accorded him or his evidence before a ecourt or (Continued on Page Eight) l erica's aotion. The Government, spokesman said | that France hopes that all count-| ries will return to the Gold Stand- ard as soon as possible, - MRS. BARONOVICH HERE Mrs. Baronovich, wife of Repre- sentative F. J. Baronovich of Ketchikan, and their son, arrived on the Northland last night and are guests of Mrs. A. Kasalica in the Spickett Apartments. vessel is of *“vital importance to the Native Indians and isolated white population of Interior Al- aska, and that the Service should this summer complete its vaccina- tion and immunization among the Indian children and that this would not be possible if the boat were laid up.” | The measure passed unanimously and was rushed to the House where similar action occured today. The to memorial will be telegraphed Washington. DeVane Memorial Passed Senator. DeVane’s memorial, amended Thursday by stri therefrom reference to the Execu- tive Officer of the Commission was passed by the Senate 5 to 3, Messrs. Shattuck, Lomen and Bra- gaw voting against passage. All three declared they favored the demand of the measure that the administration of game and fur re- sources be turned over to the Territory, but they opposed tne sections condemning the Alaska Game Commission itself. The third memorial passed by the Senate set up various projects which it is'sought to include 'n President Roosevelt’s emergency public works program. Two new ones were added—additional dreds- ing of the small harbor at Ketch kan and a road from Wrangell Wrangell Institute at Shoemaker Bay. These were put forward L Senator Walker. List of Bills Passed The measures passed by the Sen-, ate were: Senate Bills Nos. 76, amendatory of Section 26, Chapter 13, Session Laws of 1919, concerr ing conditional sales eontracts; No. 78, to repeal Section 15, Chapter (Continued on Page Thre?) l ' n which they will work in national forests. (Associated Press Photo} OldySol May Turn Cold Cheek to Mother Earth During Next Two Years FARMER FEUD BREAKING 0UT National Guardsmen on Patrol Duty Along Yazoo River BELZONTI, . Miss. April 22.—Na- tional Guardsmen brought their guns into play along the Yazoo River levees south of here and watched alertly as a the feud between the warring flood threatened delta farmers ap- peared imminent. Scores of shots were fired by troops after three mysterious dyn- amite explosions occurred in the darkness last night along the river. ———.e——— MISS SCHEIBAL CALLED SOUTH BY FATHER'S DEATH Miss Bdna Scheibal, who is em- ployed in the Game Commission office, left for Seattle on the Ad- miral Evans last night. She was called south by the sudden death of her father, renewal of | By F. B. COLTON, Associated Press Science Writer WASHINGTON, April 22.—A prediction that the sun will be colder for the next two years, with the poscibility the earh will be af- feced in a way as yet unknown, has been issued by the Smithson- ian Institution. For the next twenty-four months, sald Dr, Charles G. Abbot, secre- tary of the institution, the heat that issues from the sun and makes life possible on earth will be some- what below normal. This does not necessarily mean that the eartn will have two cold years, for earth- ly weather is affected by many in- fluences besides' the sun's heat.| However, it is believed the cold years on the sun must have some effect on the earth, though what it will be is unpredictable. Long Distance Forecasts Dr. Abbot already has had some success as a predictor of the sun's “weather.” In 1930 he forecast iwo warm years on the sun, which in| general has been fulfilled. Measure- ments have shown that the sun has been giving out considerably more heat than normal since thern. The long-range predictions of warm and cold periods on the sun are first steps toward a goal of accurate long-range weather foye- Two) (Continued on Page Upper right are Premier Ramsay MacDcenald (left), England’s delegate, and Hans Luther, new German Ambassador to the United States, who will represent his country. riot (lewer left) and Ambassador Augusto Rosso (lower right) of Italy will take part in the discussions for his country. Donald has arrived in the United Stales and former Premier Herriot is on the way. ce ic sending former Premier Her- Premier Mac- Photes) HOUSE DEFETS MORATORIUM ON MORTGAGE DEET ‘Membcrs Vote 13 to 3 to | Indefinitely Postpone Kehoe Measure | The House this afternoon de- initely rejected the Senate’s re- visicn of the beer bill as the measure introduced by Repre- | sentative Hellerich and ordered | it returned to the Senate. ! It was dispatched back to the | upper branch with the request that it be handled as a Senate substitute for the House bill | and returned to the House for consideration as such. As an amended bill the House could only have con- curred or refused to cencur in the amendments of the Senate. ! As a substitute bill it will go through the regular procedure of three readings and can be | amended by the House. BILL POSTPONED By a vote of 13 to 3, after it had been scored as not only unneeded but dangerous as well, Kehoe's bill |to provide a two-year moratorium on mortgages was indefinitely post- ! poned in the House this morning. Not even the author, who had in- troduced it by request, however, spoke in defense of the measurs. Representative Taylor and Ner- land, who led the fight on the measure, asserted it was not need- ed anywhere in Alaska. “There have been fewer mortgage foreclos- ures in Alaska during the past two years than in the good years,” Mr. Taylor asserted. Stop Bank Leans The effect of the bill would be (merely to stop bank loans and hamstring normal commercial tran- sactions, Mr. Nerland declared. The ymeasure, he added, was dangerous in that it did not require taxes| to be paid, nor interest in the indebtedness secured by the mort- gage, nor that the property mort- lgaged be kept in a state of good | repair. Under it, it would be pos- lsnble for perfectly sound securities for loans to so depreciate and run down that it would be worth- less, and taxes and interest unpaid eat up any value it might otherwise have. Any person with mortgaged prop- erty who kept it in repair, paid his taxes and interest, need have no fear of having to face fore- closure proceedings, he added. Two Are Recommitted Two House measures were re- committed today for amendmani. Ome of these provided a seven per cent preferential rate for Alaskans on Territorial projects and purchas- es, and the other, a code amend- ment thai provided that a wife "~ (Continued on Page Eight) !| far into’the night, CONDITIONS OF ENTIRE WORLD ARE DISCUSSED U. S. President and British Premier Talk Far Into Night SITUATION ALREADY | REPORTED CLEARING Financial and Economic Structure Receiving Closest Attention WASHINGTON, April 22.—From the first conference between Presi- dent Franklin D. Roosevelt and British Premier Ramsay MacDon-~ aid, there emerged a mutual understanding of viewpoint clear- ing the way possibly for definite progress toward rehabilitating the world’s financial and economic structure. In an earnest talk that stretched President Roose- MacDonald ex- range of inter- and commercial velt and Premier plored the entire national financial problems. Talk Alone The American and British Ex- ecutives talked alone with even their advisors barred. Points which were discussed clar- ified the situation, it is said. One point was the willingness. on the part of Great Britain to dis- cuss stabilization of the world cur- rencies on a revised international standard. Another point was the yielding by Great Britain to the American view that war debt revision is only one phase in the broad economic picture in which the reduction of trade barriers bulk large. No Emnity Shown The refusal on the part of Pre- mier MacDonald to entertain emnity or any thought of retalia- tion because of President Roose- velt’s gold, standard action, while his guest, was stressed, and there was also a mutual agreement upon the importance of Anglo-American cooperation to end the tragic era of falling prices and widespread unemployment. The arrival of former Premier Herriot, of France, which is sched- uled for tomorrow, stirred con- Jecture meanwhile as to whether his attitude would prove as con- ciliatory as Premier MacDonald’s toward that move. France is the only one of the major nations still clinging to the gold standard. CONFERENCE RESUMED WASHINGTORN, April 22—World money stabilization aimed at a raise in the commodity prices by reduction of the amount of gold behind national currency units, took the foremost place as the conference between President Roose- velt and Premier MacDonald was resumed today at the White House. War debts also came in for slight consideration. MOVE OF U, S, NOW PREVENTS DEBT PAYMENT Lord Rothmere's Newspap- er Makes Declaration in Daily Editon LONDON, April 22—Lord Roth- mere’s Daily Mail declares that the payment of Great Britain's war debts to the United States is not now possible because of Amer- ica’s action in going off the Gold Standard. The daily newspaper also said: “Gold abandonment of the United States makes it entirely beyond our power to continue the pay- ment of the debt instalments.” 250 SOLDIERS KILLED, FIGHT ASUNCION, Auril 22—A war bulletin said 250 Bolivian soldiers were killed in a battle at Camp Aceval in the disputed Gran Chaco territory. Paraguayan troops held the camp with 13 wounded, -l 0 enans