The Daily Alaska empire Newspaper, July 21, 1933, Page 8

= __ STOCK PRIGES TAKE ANOTHER HARD TUMBLE FOUR BOARDS OF TRADE IN U3, SUSPEND Action Is Taken Following ; Wild Scenes of Yes- o ‘ | Thud—Leading Is- terday in Pits i ‘ sues Close Weak MOVE_APPROVED BY NEW YORK, July 21—Stocks SECRETARY WALLACE | crashed with another resounding thud today after rallying earlier A 3 i and then slowing down to a moder- Limit on Daily Fluctuations May Be Invoked—Other ;Bw and sedate pace. | A growing scarcity of bids late Plans Are Proposed y 21.—Trad- lin the session sent prices tumbling |in one of the worst routs since the 1929 collapse. on futures the Chic- Boards of Losses of three to more than [ ten points predominated. | Trading Heavy Trading was the heaviest in the J past several years approximately 9,500,000 shares. | The curb also collapsed. Bond losses were from one to five points. Recoveries Are Few he Minneapolis Board of Trade and Duluth Board of Trade also| took similar action this forenoon.| he move has been approved| ; Sccretary of Agrivulture Wal- The Rev. Gerald Shaughnessy |l“ the Catholic bishop-elect for the 5 t i diocese of Seattle, Wash.,, embrac | e L e s | duced the extreme declines of many \e Administration is ready (0| of Oregon. (Associated Press Photo) | [¢Ading stocks, the close was weak whatever action it can com-| E e ! for all classes of shares. The ticker if necessary, to stop mass| {was half an hour behind. ulation of the stock and com- | CHARI GOLDSTEIN OFF Winnepeg wheat dropped one markets by TS | FOR SOUTH ON LO cent a bushel and cotton at one who are secking a profit | " 2 time lost $5 a bale. themselves. i TO STAY THREE WEEKS| gjjver and rubber were heavy. To Limit Fluctuations | The dollar moved up sharply. When trading resumes tomorrow Chariles Goldstein, prominent Homestake Drops e will be a limit on daily fluc- |Juneau business man, left for the| Homestake, the leading mine south on the Princess Louise this|share, suffered a casualty, the loss e |morning to be away for about three being 37 points. sing | weeks. Mr. Goldstein will attend to| Losses of three ing Western Washington and part th; tuations. Secretary of Agriculture Wa to ten points said he had not suggested cl of the markets, but the Board bu of Trades of Chicago and Kansas| wi City took action late yest :X.\y‘Vi afternoon after the closing Minneapolis and Duluth suspended | th this morning. | Rocsevelt Takes Hand President Roosevelt has d ed Secretary 'Wallace to re the requirement suspended last Oct-| ober that the Agriculture Depart- ment be informed daily as to the| ore ‘ names of .operators who lmdedi heavily in grains. This is a pre- liminary, the Secretary said, in developing a definite plan to stop violent shifts in grain prices. | New legislation may also be Te- | commended or invocation of regu- | Jatory powers contained in the new | Farm Act bay be resorted to. The“ Secretary has suggested to the| Board of Trades to impose a limit | on daily price fluctuations. | LYNN CANALIS | OPENED TODAY BY BELL ORDER Closed Season on Trolling Also Cancelled in New Regulations Effective today, two supplemen- ary regulations of the United States Bureau of Fisheries of considerable importance to Southeast Alaska were promulgated yesterday by the Secretary of Commerce, it was announced by Capt. M. J. O'Con- nor, Asst., Agent. One materially adds to the open area in Lynn Canal and the other opens trolling for the entire year. Both regulations were drafted by Commissioner Frank T. Bell during his recent visit here. He an- nounced the modifications were be- ing made for the benefit of local fishermen. Official notice of the new orders were contained in the following telegram received at local head- quarters of the bureau: { “Acting Secretary of Commerce yesterday promulgated additional Alaska fishery regulations modifi- ing regulation three in supplement | five issued March 23, to prohibit fishing north of a line from G n of Pyramid Island to the northern Point passing across southern shore shore of Chilkat Inlet. Regulation efective 6 a. m. July 21. Regula- tions prohibiting trolling from 6 a. m. August 25 to 6 p. m. Septem- ber 20, revoked in all districts in Southeast Alaska where now ef- fective.” ——.——————— MRS. J. 0. BLAKE LEAVES FOR HOME IN OREGON AFTER VISITING HERE Mrs. J. O. Blake left on the Prin- cess Louise on her return to her home in Seaside, Oregon, after vis- iting her daughter, Mrs. James Orme and her son, E. J. Blake here for the last six weeks. While Mrs. Blake was in Juneau she was the inspiration for many parties and entertainments. She made many friends in the city as was evidenced by the large number who were at he steamer to bid her | farewell. ————————— R. H. STOCK LEAVES FOR SOUTH ON THE PRINCESS LOUISE R. H. Stock, prominent contrac- tor who was a special guest of the Juneau Chamber of ‘Commerce at its weekly meeting yesterday, left for the south am the Princess Louise. I ] Duily Empire Want Ads Pay d | Mr. i More For Your Money l ‘ AT Allied Chemi- siness in Seattle and, if possible, | were recorded for 11 continue to Los Angeles to|cal, United States Steel, General sit his son-in-law and daughter, Motors, Santa Fe, Sears-Roebuck. and Mrs, John Dolinger and New York Central, American Sm ling, Union Pacific, National Dis eir daughter Joan. AUTO ROBES PENDLETON VIRGIN WOOL $9.95 OTHER ROBES SPECIAL AT HUDSON BAY STYLE 5-Point Pure Virgin Wool $11.50 to DECISION ON STREET GRADER TO BE MADE | BY COUNCIL TONIGHT | The matter of the purchase by | the City of Juneau of a new street | grader, will be definitely decid>d " at the meeting of the City Council to be held in the council chamber of the city hall tonight at 8:30 |Go Bump with Resounding|gcock. Among the other matters which will come up will be the opening of the bids for the construction of a concrete sidewalk on Fourth F | Street between Gold and Harris t ‘Streets and on Gold Street between Fourth and Fifth Streets. Approxi- mately 350 feet of concrete side- walk are included in the work for which bids have been received tillers, Baltimore and Ohio, Con- solidated Gas, Westinghouse, West- ern Union. Numerous issues were down two| or more points. CLOSING PRICES TODAY NEW YORK, July 21.—Slosing quotation of Alaska Juneau mine stock today is 24%, American Can 84, American Power and Light| 12'¢, Anaconda 15%, Armour B| 3%, Bethlehem Steel 33, Calumet | | |and Hecla 5%, City Stores A 5': “ | American Smelting 31, Fox Films 3, | I\Amnncan Telephone and Telegraph {120, General Motors 24%, Interna-| tional Harvester 30%, Kennec 19%, Montgomery-Ward 20%, Nor ‘Amcr\can 25%, Packard Motors 4%, | |Radio Corporation 7%, Standard | |Brands 22%, United States Steel 5214, Ulen 3, Western Union 55 | United Aircraft 30, Ward Baking iB 3, Curtiss<Wright 2%. —_———e—— { | | | | A “find employment” campaign |obtained pledges of nearly two {million dollars’ worth of work ren- ovizing homes and buildings in Jsalt Lake City. $2.95 $12.50 GEORGE BROS. ¢ SHERWINWILLIAMS PAINTS Let us show you howto economize and still have the best. Thomas Hardware Co. COLEMAN’S |l FULL LINE BEACH AND AUTO PILLOWS | FADER DEPT. STORE ——— THE DAILY ALASKA EMPIRE, FRIDAY, JULY 21, 1933. o000 000 cv00o0 le AT THE HOTELS . Gastineau E. Thorell, Port Althorp; Nick Bez, Todd; J. K. Jackson, Juneau; Jimmy Steel. Alaskan Ed Carlson, Juneau. PRESHRIAC F R LEAVES HOSPITAL Mrs. John Erickson left St. Ann's {ospital after receiving treatment here for the last ten days. FRANK PACKETT ENTERS HOSPITAL THIS MORNING Frank Packett, who suffered a couple of broken ribs when he fell | from a pole while working this | morning, is at St. Ann's Hospital receiving treatment. He is employ- ed at the Alaska Junaeu Gold Mining Company. ————— WARRACK RETURNS J. B. 'warrack, o1 *the Warrack Construction Co., returned from a | business trip to Ketchikan on the seaplane Baranof yesterday after- noon. CAPT. WILLIAM STRONG IN FROM TULSEQUAH TODAY Capt. William Strong arrived in | town this morning from Tulsequah on his river boat Jeanne, and is spending the day in town. He will leave for his Tulsequah prop- erty this evening. e, GOES TO HOONAH James E. Boyle, representative of the Union Oil Co. left yester- day afternon on the Alaska South- ern Airways plane Baranof, for a business trip to Hoonah. NICK BEZ RETURNS TO TODD THIS MORNING: IN JUNEAU OVER NIGHT Nick Bez, President of the Peril Straits Packing Company and also of the Alaska Southern Airways, returned to Juneau on the sea- plane Baranof, of the company, last evening from Ketchikan, where he accompanied Frank T. Bell, U. S. Commissioner of Fisheries after making an airplane tour of the fishing centers of Southeast Alaska. Mr. Bez left on the Baranof this Imorning for his cannery at Todd. THE WEEK -END’S GREATEST FOOD SAVINGS! Another triumph for George Brothers. “week-end special” of high that defy comparison. are passed on to you! MILL’ TISSUE °® " STAR CLEANSER COMB HONEY 25¢ FULL POUND AT ONLY FIG BARS FRESH 2'LBS. ONLY ....... SPECIAL COMBINATION SOAP OFFER FREE TOWEL 2 pkgs. SILVER DUST 1 pkg. GOLD DUST CLEANSER ALL Look at these savings that 25¢ Another est quality food at prices 19¢ 24c¢ ) 4 lb. pkg.. PURSE PER BOUND: 5. APPETITE APPEALING AND PLEASING CHERRIES FRIDAY and ! GOLD SHIELD ICOFFEE %2 AMOCAT COFFEE 33 . 29¢ .BLACK TEA ( AMOCAT 73 53 72¢ GREEN TEA best for iced AMOCAT 2 LBS 14¢ FIRM, George Brothers PHONES 92—95 5 Daily Deliveries SALE COFFEE and TEA Strawberries LOCAL—CHOICE SPECIAL GREEN PEAS FARM FRESH, Head Lettuce SPECIAL AT EXTRA FANCY At Only, large ... CUCUMBERS..... TOMATOES..... SALAD DRESSIN RADISHES ... suen SATURDAY 35¢ tea, 14lb..... 19¢ 19¢ CRISP CELERY 20c-15¢ large jar Amateur Nig[lts Saturday - Sunday R PARLORS Entertainers of 18 Years and Over Please Call and Register . " You Will Be Called! PRIZES! BEER - LUNCHES - M FUN GALORE! USIC - DANCING