The Daily Alaska empire Newspaper, October 24, 1933, Page 1

i THE DAILY ALASKA EMPIRE “ALL THE NEWS ALL THE TIME” JOL. XLIL, NO. 6477. JUNEAU, ALASKA, TUESDA Y, OCTOBER 24," 1933. MEMBER OF ASSOCIATI;D PRESS PRICE TEN CENTS GUVEREMENT’S | GOLD BUYING PLAN STARTED Practical Operation Under- way to Bolster New Monetary Scheme | COMMODITY MARKETS| ARE BOUND[NG UPWARD| Prices Pald Will Probably; e Higher than London and Paris Rates AR | WASHINGTON, Oct. 24. — The| Government has set out to put! into practical operation President Roosevelt’s new monetary plan for | lifting prices of commodities by of newly mined gold, step scheduled in em-! the dollar control policy. ploying Already commodi.y markets have bounded upward upon announce- ments of this step of managed cur- rency. High Price Yesterday President Roosevelt said he expected to make the first purchase of new gold by the Gov- ernment almost immediately unaer the new monstary plan with prob- | abilities that the prices offered will be above the London and Paris markef prices. To Free Dollar Officials of the Reconstruction nea Corporation, in charge of gold buying, believe that the offer to pay more than the London and paris prices for new gold, will free the dollar from control by foreign banks and speculators, and the results hoped for include cheapening of the dollar in terms of pounds and francs and increase the world price of gold. With such an increase, economists look for a/ boost in commodity prices. President’s Objective To rehfforce the new gold buy- ing wherever necessary +to attain his- objective, the President planned to trade in gold on the world mar- kets, the buying to increase price increases and selling to check xcessive rises, but the direct re- lation is said to exist between| the nation’s gold stock and com- | modity prices. ———t——— | INTERIOR MAN FOUND DYING, ALASKA TRAIL E. Steigelmaire Taken to| Tanana by Dogteam, Later Succumbs FAIRBANKS, Alaska, Oct. 24— E. Steigelmaire, aged 67 years, was found dying last Saturday on the road midway between Fort Gibbon and his home in Tanana.| He was taken to Tanana by John H. Adams and his dogteam where he died. The Coroner’s Jury held death was due to natural causes. Steigelmaire was a pioneer of Alaska and a resident of Fort Gibbon for 25 years. ALASKAN TAKES DRINK OF BEER; IS BRUISED UP SEATTLE, Oct. 24—Eric Wal- seth, aged 57 years, Alaska fisher- man who refused to give his ad- dress, was found on the street dur- ing the night. He said he last remembered hav- ing seéveral glasses of beer with a strange woman. ‘Walseth’s nose is broken, his left eye is bruised, one arm and one side is bruised. “I think I know who did but T won't tell” he said. Wolseth was not robbed. P it, 'pasco and Alaska Juneau were up | After Repeal of Ezghteenth Amendment, Volstead Law to Still Be in Force in Alaska s as to the 24.—Attor- | oft-repeated atus of the District of Columbia WASHINGTON, Oct. inqu ney General Cummings said 2 was “of the opinion that after r and Territories of the United > T 5 ‘Sru!p\ in event of repeal | peal of the Eighteenth Amend-| These are under the jurisdiction ment,” the Volstead Act will be|of Congress, said the Attorney; in full force and effect in the| General and he ruled that Con-| | District of Columbia, Alaska and |gress alone can effect any chang-| other Territories.” es in the Volstead laws as it ap- The Attorney General's opinion | plies to them. The Volstead law| was given to the newspapers by |is the enforcing Act of the Eigh- his secretary and ans the | teenth Amendment. BANKER’S BRIDE BAGS BIG MOOSE Nineteen-year-old Mrs. Robert F. Welsh, bride of a Philadelphia banker, shot this moose with an antier spread of 67!4 inches from a distance of 200 yards. It was claimed to be a record for women hunt- ers. The prize was brought down on the Kenai peninsula, near Seward, Alaska. She is shown with her prize and guide, Frank Towle. (Asso- siated Press Photo) STOCK PRICES \Cabmet ofH COUPTODAY [Framee Has INLAST Houp ~ Stepped Ot Mining and Metal Issues Rally with Other Shares Making Gains Government Resigns After Failing to Secure Vote of Confidence PARIS, Oct. 24—The French Cabinet, headed by Premier Dala- dier, resigned today following de- feat on a vote of confidence by the Chamber of Deputies. The Chamber voted 329 to 241 against the compromise proposal submitted by Premier the fight to balarce the Pudget by providing wa cuts of Gov- ernmen® unctionaries, PRESIDENT ACTS NEW YORK, Oct. 24—Led by the buoyant mining and metal is- sues, stocks staged a last hour rally today and transformed many early and general losses of 1 to around 2 points to gains of 1 to 4 or more points. Wheat was neavy today. Foreign securities soared in! terms of the dollar. - Equities Take Spurt Trading in equities gained mo- mentum near the end of the ses- sion. | Today's Close was strong. Sales totalled 2,000,000 shares. Bonds were firm. l Metal stocks on the curb were| strong but other groups were irre-| gular. Late Rush Good One The late buying rush raised all categories. | PARIS, Oct. 24—WIithin an hour after the fall of the Cabinet, Presi- dent Lebrun outlined a series of consultations with Senate and Chamber party leaders before of- fering the Premiership to Albert Sarraut, the Senator mentioned as a most likely candidate As Daladier fell he burned his |bridges behind him for an open break. The Socialisfs are reproack- The revival of inflationary psy-|ing their millionaire leader, Leoii chology, coincident with 'another Blum, for negotiating with Dala- break in the international dollar}di" and then refusing to support rates, helped the late rush. { dm. Homestake spurted 28 points. T 2 American Smelting, U. S. Smelt-| 89%, American Power and Light 8, Anaconda 144, Armour‘B 2%, Bethlehem Steel 29%, Calumet and 3 to 6 points. | Hecla 5%, Colorado Fuel and Iron Alcohols Heavy 5, Curtiss-Wright 2%, Fox Films Alcohols wer= heavy at one time|13':, General Motors 27%, Inter- today but finally gained two to|national Harvesfer 36%, Kennecott four points. | 20%., Packard Motors 3%, Chi- Case went up four points. cago and Milwaukee (preferred) American Telephone and Tele-| 8%, Standard Oil of California ing, McIntyre-Porcupine, Dome, De graph. American Can, Allied Chem- (38’2, Radio Corporation 67, Unit- ical, Sears, and Goodyear gained|ed Corporation 6%, United States one té three points. Steel 39':, Ward Baking B 2%. ———— The 1933 Towa potato crop will be less than half that of the 1932 seazon, the sta‘e horticultural so- ciety reports, CLOSING PRICES TODAY NEW YORK, Oct. 24.—Closing quotation of Alaska Juneau mine stock today is 27', American Can Daladier inj NORTHLAND CO. RECEIVES LOAN- TO BUILD SHIP Application W Approved Today by Secretary Roper, Commerce Department BULLETIN — WASHING- TON, Oct. 24. — Daniel C. Roper, Secretary of Com- merce, has approved of the lapplication of the Northland Transportation Company for a $289,000 loan from the United States Shipping Board for the construction of a ves: sel to ply between Seattle and Juneau, Alaska. - The loan was authorized several months ago and con- {stluui(m contracts awarded when chjection was made by {the Alaska Steamship Com- pany and the loan was with- drawn for a subsequent hear- ing. 2 MRPLANES BEING FLOWN TONORTHLAND Pilots Barrows and Crosson, with Two Others, Leave Seattle | SEATTLE, Oct. 24—Bound from | Miami to Fairbanks, Alaska, two new planes for service in the north | | left Seattle Monday piloted by Wi | J. Barrows and Joe Crosson. The two pilots were accompanied by | Pilot W. J. Jones and Fred Mol-| | ler, mechanic. The two planes cleared the cus- | toms at Vancouver, then will flj | to Prince Rupert and await wea | ther reports before the hop tof | Whitehorse. A | START NORTHWARD | VANCOUVER, B. C., Oct. 24—| The two planes enroute from | Miami to Fairbanks arrived here | late Monday and took off for the north via Whitehorse. ‘ Rumors are current the pilot contemplate an experimental vice across the North Pacific anc this service may be undertaken during the winter. | FORTY KILLED, TRAIN WRECK | | 1 EVEREAUX, France, Oct. 24 ‘ Forty persons are believed to hav ‘ H | | | been killed in the derailment the Cherbourg-Paris express t! forenoon near here. e Low Fire Protection Costs in Mississippi| JACKSON, Miss,, Oct. 24 f.\1vw sissippi spent $29910 for woods| fire protection during 1932, or ! lowest amount of -ahy Southern| State except Arkansas, says Fred Merrill, State Forester. Louisian Merrill said, led the South ir protecting its Jands against fir expending $169,150. e ——— 0 escscrvcoce GOLD PRICE ! . . . © . . . phA . L4 WASHINGTON, Oct. 24— ® ® The price of gold toda . ® $2080 an ounce, accor: * o to quotation released by the e . . . . . . ° ° . . > . . Treasury Department. This has nothing to with the plan under which the first purchases are to be made tomorrow by the ® Government at alevelabove ® the world price. . 90009090000 do FIND GLUE |In Germany STRIKERS RIOT NEAR NEW YORK NRA HEADQU JARTERS New York mounted police are shown breaking up a demonstration of more than 3,000 strikin workmen in front of the city’s NRA headquarters. More than 50 were arrested. (Associated Press et L g T Siator. ""”' o~ > | T i O During the Soviet recognition \ 3 | discussion here, the Secretary of Gives Birth to sentenced TO Llfe RESUGNITIUN State said he hoped to sai{ by Seven Boy Babies the end of next week on a trip that would take him down' the At One Time MAY INvflLvE | West Coast of South America to Santiago, Chile, then across the 2. GEORGETOWN, British e ! country by train to Buenos Aires ® Guiana, Oct. 24. — Senora e | and up the East Coast : ‘-’;U]usol;rwr)o;;\ “{';”’}‘]ir Ic;; : URIENT ISSUE Just as Russian recognition con- 2 st mdeli z i : | versations lean heavily on trade 'y Onshyvc“;’;nyr el VRt e — |and credit matters between the ¢ tet birth as .unique in e Soviet Commissar Will Dis-|¥°, <outiries. <0/ the Besrpiat s < nedieal history. o . A G v s i E 3 <iagdionl alanie. o b “cuss _]ap&;x l}r\r Confer fahips .of outt - Americdn..coute ® bables are doing nicely. . ence, Washington he i e An appeal has been made o S g e Pan-Auerioan | Gonlersiig o is in Montevidea, Uruguay in De- e L ate of the Bollvar, & MOSCOW, Oct. 24—It s sald|cemper and by this tim: is hoped e Departmient for a govern- © here that when Foreign Affairs ¢, expnand trade ties be';veen the e ment grant to the Perez e Commissar Litinof goes to Wash-| tw0 continents. % o family . ington for conference on recogni- ) WL . * tion of the United States of the 20 000 000000000 Soviet Union, he will go preparsd to seck some sort of an under- standing regarding Japan. | It is believed here that the tense situation in the Far East figured in American overtures for recogni- tion. This step would aid Russ! LINDBERGH KIDNAPING BULLETIN—BOSTON, Mass. Oct. 24—Licut. James Finch, of the New York City Police ferce, said -information gained from John Gorch, suspect, pro- vides a clue to the kidnapers of the baby of Col. Charles A. Lindbergh. He gave out no further information. i —————— | Kathryn Kelly, wife of George 3 | “Machine Gun” Kelly, with her hus- | band was sentenced to life impris. |..| in strengthening her en that of the United States. Cul- tivation of friendly tween Russia and -the United States would naturally bring this strengthening idea out in force. AMBASSADOR 1S TOLD TO “COME HOME” Japanese Representative in Sterilization o > 3 l onment following her conviction lct to Be Enforced | Oklahoma City for participation In | #ne Charles F. Urschel kidnaping. | (Associated Press Photo) o S BEELH.Oct. 24. — The, A the United States e threat of sterilization Is - 3 i e faced by chronic drunkards o Won t Return Either e in Germany. ® ~ e This threat is embodied @ WASHINGTON, Oct. 24.—Am- o in a newilaw effective the @] dor Debuchi, of Japan, has e first of the year which e Is SPREADING received orders to return to Japan e provided for “prevention of at his earliest c e to make e heredity incurables” The @ report on the Japanese-Ameri- e act will be compulsory on- @ LEADEHS SAY can relations. e ly in cases of complete ir- @ The Ambassador W probably e responsibility. " not return to Washington. g ) For some fime 15 been known ©ce 0 o000 0000000 : . ihat the War P in Japan hi \Picketing Started in fowa i pebuchi has not been I M e < N\ gressive in handling the N oriaiae o ; Market Centers Not 7ressive e } % Affecied Yet inz on the Manchurian dispute Developing New ! 24 and have been frequent| W hale Meat l"lnlllfl rumo he was to be recalled S MOINES, Iowa, Oct. 24— e o The Farm strike leaders are claim- ing their anti-selling move is now gaining members. A group of farmers at Kankakee OSLO, Oct. 24—Whale meat in 1+ new form has been vith aboard Norwegia First Cavalry’s Old Home May Become ‘Dude’ Ranch 2 i tions are — | :x]trn?e:ti;c;“;r;éu::]:{ia} prove as| voted to join. SAN ANTONIO T('x.'Ocl 24— valuable to Norway as whale Ol Picketing 15 reported under way A once I *NI'J""M\ I}fm Fort D. Newspapers her report that|at three Towa points and two.plac- A. Russell at Marfa, Tex., may lw whale meat is dried and ground|es In Wisconsin. turned into a »tl‘nl. ranch, tour isL \.board the whalers. The “flour” 15! heriffs in North Dakota are camp or ne alth resor hipped to Norway and used to seeking to prevent shipment of The rwm‘: ment has advertised grain from elevators in accordance | for bic easing the reservation oduce a fine quality of meat ex- Fi i and 1. he Governor's embargo | v Cavalry, position in| the Orient and thus also strength- | relations be-| now | removed to Ken-| [TWO DRIVES T0 | EXPAND TRADE ARE UNDERWAY U. S. Not arI)/ to Reach Out to Russia But to South America CABINET OFFICIAL IS TO MAKE TOUR :Secrelary orga!e Cordell Hull Soon Leaves on ! Good-Will Trip WASHINGTON, Oct. 24—Simul- taneous trade expansion drives along both the Russian and South American fronts appeared to be the goal of the United States yes- terday with the disclosure that Secretary of State Cordell Hull plans a good-will tour below the - SEVERE SHOCK ON NEW MOVE {Amazement Expressed that Half Billion Credit Sought, Behalf Soviet LONDON, Oct. 24. — Observers lose in touch with the Russian ‘~1:uanon expressed amazement at the report from New York City that half a billion credit is being sought in behalf of the Soviet in connection with President Roose- velt's overtures looking to possibla | recognition. The advices received here state $450,000,000 credit is sought for { machinery, steel and rafls, and $50,000,000 for cotton. It is pointed out here Russia's most urgent need foodstuffs and livestock of kinds. that is for all AT € Y ? Claim It’s True LONDON, Oct. 24—The report | of Sir George Newman, chief med- | ical officer of the Ministry of | Health, says that figures on the age distribution of the population | shows that of the 91.200 persons of | 85 or more years only 31200 were ! men. CHAPLIN MAKES APPEAL TO U. 8. T0 SUPPORT NRA [Film Comedlan Breaks Rule | on Silence and Broad- \ casts Speech Despite the strike, market cen- o ters in Towa, Minnesota, Nebraska wont to gallop bver a! LOS ANGELES, Cal, Oct. 24— Turm Salesman and Wisconsin reported thers has The post comprised | C Chaplin broke his rule been no pronotnced effect on re- s, 79 of concrete, and|of silence last night and appealed PORTLAND, Ore. — The Rev.| ceipts. is reported to have cost about $1.-|fo the country to show its patriot- Charles A. Phipps, who as a cir-| Meanwhile, Administrator Pesck | ism and goodwill and support the 1it rider for the Presby in Washington, has urged the far- e, electric and tele- | NRA | Church rode a bicycle 65,000 n mers to fight their enemies, not ems on the reservation| Chaplin's speech was broadcast. 13 years, founded 110 Sunday | their friends. 4 slete in every detall, and | H .ssed the necessity of buy- hools and established 28 churc .o here » extensive living quarters|ing now. The film comedian said . s, now at 73 is salesman for A | ¢ turtle meat is the Wwith hospital buildings in connec- those fortunate enough to have reamery here, in Miami, Florida.'tion money should spend it. BN e R s