The Daily Alaska empire Newspaper, January 1, 1937, Page 2

THE DAILY ALASKA EMPIRE, FRIDAY, JAN. 1, 1937. I | | A MARVELOUS OF THEFC OA LADIES’ AND VARIETY TSHTHAT EVERYBODY WANTS, IN ALL TYPES, BOTH FITTED AND BELTED MODELS 1 price 3 P Also a choice of the Latest Coats for the LITTLE MISS CHILDR EN’S WOOL FABRIC $2.50 COTTON DRESSES $1.00 B. M. Behrends Co. Inc. Juneau's Leading Department Store L 2 e CHILDREN'S ROBINSON IS CAPTURED and flown to the scene of his crime (Louisville). RRA And Italian soldiers m: TORREY | Feq Service Writer lini, in May, balcony ho: Benito Mu n familiar outing ra e finita! d rases are def uated almost the fugitives do thing.” of the fugitives w: wsti, still determined if statesmen at Geneva ounted for anything. But Addis Ababa bedlam had nded, the dead in Africa’s mud had vritten ir share of history. Mobs \lready were burning churches in Spain. Americans, as the woods came alive with the murmer and sound of spring, and the streets echoed with the rhythem and zest of swing, went about their housecleaning. The Law Catches Up Out of a New Orleans apartment house had stepped two men and a woman. Out of hiding had stepped J. Edgar Hoover's squad. Without one shot being fired, Alvin Karpis had been caught. The following week the law seized Willlam M 1an (in San Frar Harry Campbell (in Toledo) and Thom- 15 J- Robinson (in Glendale, Cal.) ev- t count f Foremost Neg the TOWNSEND TAKES A WALK and leaves his Congressional questioners flat. isco) , BLACK LEGION KILLS MAN Stocl; Market Re};orts Rise of 15 Billions By CLAUDE A. JAGGER Associated Press Financial Editor NLW YURK, Jan. 1.—The quot- cd value of shares listed in the New York Stock Exchange has velle ,000,000,000 in 1936, con- inuing 1 only occasional inter- uplicns the persistent ascent to higher prices that began in March, 1935. The average price of all shares Jisted in this principal market re- covered to the highest point since early 1931, while industrials alone reached 1930 levels. Analysts remarked that the re- w covery in share prices added a new | and strange chapter to financial history in that it was accomplished with negligible increase in the use of credit. Margin Requirements Stiffer Twice during the year, the Fed- eral Reserve Board stiffened mar- gin requirements, and on August 15 pushed up the reserve require- ments of member banks, eliminat- ing more than $1,000,000,000 of idle bank funds which might have been used as a basis of credit ex- fievertheless, prices continued to rise as eash buying poured into the n‘laiet On December 1, total bor- rowings by members of the ex- change, at $984,004,702, were up only $138,000,000 from a year earlier. Dur- ing the same period, the total quot- ed value of listed shares swelled to $60,019,557,197, from $44,950,590,351. The Stock Exchange said in its December bulletin that the rise in the market in the last two years had approximately doubled the q yalue of shares, “a more rapid advance than any that took place during the bull market that reached its peak in 1929.” Foreign Funds a Factor A heavy influx of foreign funds into the New York money and in- vestment markets during the year, reflecting fears of currency deval- uation and armed conflict abroad, was widely regarded as a contrib- uting factor to the rise at times. This influx was so large as to prompt Washington to WELL:-IM GLAD MAGGIE WAS DEFEATED FOR MAYOR-NOW WE HAVE PEACE AND QUIET A~ consider/ [ e ‘meuns of controlling it, on the |grounds that it was “hot” money, | that is, subject to quick and, per- Laps, unsettling withdrawal. Despite the scant increase in the |use of credit in the stock market, tie potentialities of cheap credit and rising prices prompted several | leaders publicly to warn against dangers of excessive speculation, in- cluding Chairman Landis of the Se- curities Exchange Commission, | President Gay of the Stock Ex- change, and President Smith of the | American Bankers’ Association. SEC Investigators Active The SEC steadily developed its program of securities’ trading con- (trol. Investigators actively follow- |ed trading, and charges of manipu- \lation were preferred against a few members of the exchange, including two of the larger houses. The commission tentatively pro- |posed segregation of dealers and | brokers and made detailed studies of the amount of trading done by | members for their own account Exchange circles viewed segregation as a revolutionary proposal and the prices of memberships declined. The market rose almost steadily {during the first quarter of the year. |At the end of April, it suffered i isharpest setback since the reaction of the summer of 1933. This reve: sal was variously attributed to wor: over the new tax proposals in Con- gress, prospect of devaluation of the French franc, and the fact that the market was in need of a “corrective | reaction.” At various times during the year, tension in Europe was regarded as unsettling. When the French franc actually was devalued in September, however, it caused scarcely a ripple. The national political campaign failed to become a seriously dis- turbing factor, and the market ad- |vanced substantially between Aug- ust and early November. It flat- tened out somewhat in the final two months of the year. It was probable that many of the sharpest gains of the year were made in heavy industry issues, such as steels and railway equipment. [Other leaders were farm imple- ! ments, rubber tires, and electrical |equipment. Some of the consumers’ goods issues which were prominent in earlier years of the recovery, notably tobaccos and foods, made little progress. Rails came forward substantially. Utilities advanced | moderately. | SURVEY PLATS - NOW ON FILE The following are notices of the filing of plats of surveys in the General Land Office at Anchorage and the information is given to | those interested: Notice is hereby given that the plats of surveys of 1598, Point Sher- man, 1589, Dattery Point and 1625 Low Point, Lighthouse Reserves, has been filed in this oifice and ;\nll be officially filed in this office | February 1, 1937. That by reason of the lighthouse reservations the lands are not sub- ject to entry, and only the filing of the plats is taking place. | Notice is hereby given that the | plat, of Survey No. 1640, Point Hilda | Lighthouse Reserve will be officially filed in this office February 1, 1937. | By reason of the lighthouse reser- vation the land is not subject to entry and only the filing of the plat is taking place. | Notice is hereby given that the plat of Survey No. 1650, Washing- ten Bay Lighthouse Reserve will be officially filed in this office on February 1, 1937. By reason of the lighthouse ser- ervation the land Is not subject to entry and only the filing of the plat is taking place. The filing notices are signed by George A. Lingo, Register. —————— | Tourist Pays Farmer ‘ But After 22 Years CLARENDON, Tex, Jan. 1.— Twenty-two years ago Tom W. |Eanes, a farmer, pulled a tourist’s |automobile from a mud hole. A single-tree was broken when his team made a sudden lurch. The tourist returned to Clarendon re- cently and paid Eanes a dollar for the single-tree. ey AN'| HELPED DEFEAT HER-THE MAYOR IS A detective poses in a robe of the weird order. Thos€ names were the last on the major public enemy list. Headline scanners in i saw that: | £ 57 The Supmere Court knocked . out the Guifey coal act, split- ing (it was that com- plic: Dr. Townsend took a walk, out of a Congressional investi- gation. A Detroit WPA worker died because B! k Legion members heard false gossip that he beat his wife | Britain's Secretary | Thomas resigned because his | name had been bandied about | a budget leak scandal | The Hindenburg Speeds Over Determinedly a man in a Je {field waves a red flag. He mig |as well have been trying to stop a bull. Straight at him came the | biggest thing ever sent aloft by mankind. | | | also May by Colonial ey THE HINDENBURG ARRIVES after crossing the Atlantic in record time. E FINITA! rch into Addic Ababa. but because of there were e To dawn | ut, arrival, Ropes hissed the premature not enoug who did, the treacherou forward young Ji land a the hifted sprang helping wind pap men i air- | ons had Hinden- peed, 107 pers come rope on the > bury A m Moscow %00, and pondents, fleet ever more marchers into the May hat foreign o called the biggest in the air at once. about to show the Soviet 1 new constitution. was the ‘month’s hit song: aind Live,” a best selli mas 1 “Wake Up book. Literary Event “The shining liter year,” however, according to ‘T‘he New Yorke a book but the death of A. E. Hous- | man—who published only two books| —“A Shropshire Lad” in 1896 and| “Last Poems” in 1922. You may recall: i “The troubles of our proud and | angry dust I Are from eternity and cannot | fail i Bear them we and if we | can, we must Shoulder the sky. drink your ale.” Zioncheck's landlady was injured, he was arrested. Fifty-two reform school girls went to the White| ouse as Mrs. Roosevelt's g Greta Garbo nted an interview “Oh,” ‘isn’t life full of romance’ The $3,000,000,000 Frazier can my lad, and she said, -Lemke ¢farm debt refinancing bill failed to Pre- wa 1, soon to be deplored the standing.” army chiefs won control of Boliv their former enemies had in Paraguay three! months earlier | Bold Venture won the Kentucky The Queen M warmed an Atlantic race. York’s Governor alarmed Democrats, encou by announcin again pass. Leon Bl mier of F Lghman ) i ged Re- > would ]v ew Boss of Reds Got His Start by “Popping Off” as Baseball Fan By W. C. PETERSON | fect, told Giles: | CINCINNATI, Jan. 1—A base-| “All right, if you know so much |ball fan who “popped of” too loudly about it, you take over the presi- 17 years ago will direct the destinies | dency of the fans’ association, run of the Cincinnati Reds in 1937. the club and see what you can do.” Warren C. Giles, the newly-a Takes wne Dare pointed vice-president and general| Giles accepted, employed Earl manager of the major leagues’ “kid | Mack, son of Connie Mack, as man- team,” started his brilliant baso-\ager, signed up talent, and gave ball career because the board of |Moline a pennant-winning team in | directors of the Moline, Ill, club |1920 and 1921. The club showed a | called his bluff. profit both of those years and also Giles, then a 23-year-old World |in 1922, when it didn't win the | War veteran attempting to adjust|flag, | himself to civil life as an associate| The success of the Moline club of his iuther in general contracting |prought Giles an offer from Min- work, attended a meeting of the|neapolis of the American Associa- Moiine Baseball Fans' Association |tion to become business manager of in November, 1919. . the St. Joseph club in the Western The discussion seemed to be get- | League. After one season in St.| ting nowhere in particular when | Joseph, Giles purchased the team Giles got to his feet and told the |and ran it himself until 1926. members what should be done to| During that period he had deal- give Moline a winning team in the ‘ ings with Branch Rickey of the 1920 Three-Eye League race. | St. Louis Cardinals that ultimate- ‘Whether because of the merit in | ly led to his employment by the | tended to silence their youthful | pointment as the Reds’ general ‘eritic, the board of directors, in ef- manager. Giles' criticism or because they in- | Cardinal organization and his ap- | Ocne of the stars in. Giles’ St. Joseph team was Taylor Douthit, later to became one of the stars of the Nalional League. Douthit was playing for St. Joseph on option but the Cardinals, due to an error, failed to exercise the option, leav- ing Giles free to accept any offer he received for Douthit’s contract. Reminds Rickey Numerous major league clubs of- fered big sums but Giles turned them down, called Rickey's atten- tion to the error, and permitted the Cardinals to complete the deal for Douthit just as though they had exercised their option. { As a result, Rickey employed Giles as president of the Cardinals’ Syracuse club in 1926 and after two seasons there moved the Inter- national League franchise and Giles to Rochester. In the nine years Giles was at Rochester, his team won four pen- ! nants, fini:hed second three times, fifth once and seventh once. R Bl el | ATTENTION WGmaN'S CLUB MEMBERS You are invited to present Monday, Jan. 4, at a Forum to| be held at City Council Chambers | at 8:30 PM. to hear a discussion of a proposed law of vital interest to women and children. | ! LEGISLATIVE COMMITTEE, ladv. B. P. W. CLUB. ke By GE DINGS—? ORGE McMANUS LISTEN-MAYCR- KIN YOU PASS A LAW S PROHIBITING SIMGIN IN APARTMENT BUIL! fi WVISH | COLILD- MY WIFE THINKS SHE CAN SING, TOO— S Puzzle 9 10, Daily Cross-word P ACROSS 1. Obstruct Line of type in one piece Licks up with the tongue . Expression of repugnance 3. Circle of light . Brilliantly colored tish I, Mimics Open vessel 11. Pronoun 16. Accept . Slumbered . Merge impere ceptibly Ermine Equine animal Salt water Solution of vesic cas . Puzzle . Part of a pla 8 Poet Becoge indi tinct . Tremble Hallowed Lacerated Crawled Pay suit to . Combat be- tween knights en horseback . Protections for' | inventions Steps Tardy . Mediterranean sailing ves- sel 0. Cooking vessel . Symbol for arsenic No Conclusiveness or force rrange Declare of threads 45 Island belong- in a woven to Porto fabric Sylvan deity Direction . Old musical instrument Charge Sweet sub- stance Solitary Light fouch Character in “Uncle Tom's Cabin” Intimidate A Seed container A *ast 3 lal digit ats or cis- terns pPitcher Seatter seed I 6 Pe 12 Mig ¥y rgreen tree grasshopper T sel /, news-| | , “look | | event of the| | was not the birth of | Preceding the bout between Steele T and Jones will be four other events e on the supporting card. > > GORILLA JONES IN TITLE BOUT Middleweight Champion Intends to Carry Fight to His Opponent | AT THE HOTELS Gastineau Mrs. F. M. Doolin; A. Gunde! attle; R. A. Esperson, Fort Lew Ted Olson, Seattle; Mr. and Mr! Victor C. Rivers and son, Fair bank: Mr. and Mr Vietor C. Fairbanks; Miss B. Day; Miss Clyde Conover; C. W. Fairbanks; H. C. Fohn-Han- anks; O. D. Cochran, Mrs. Grace W. Burrell, v; Elina Rantakari; Mr. Joe ips; MILWAUKEE, Wis,, Jan. 1— s Freddie Steele is an 8 to 5 favorite over Gorilla Jones in the first championship bout here since 1931 when Jones won the National Box- ing Associatic middleweight title in a tournament Steele said this morning he plans to carry the fight to his opponent. “I learned a lot in my bout with him in 1935 and I think I kne how to handle him and I can beat him, as I will keep on top of him all of the tim aid Steele. Jones has been inactive year but has been traiming ully. H. Museth, DuPont; S Juneau. Alaskan William Kruse, San Francisco; Harry C. Niebling, Juneau; L: Tor- ger Juneau; J. C. Goldsten, Juneau. liken Zynda Alsie J. Wilson, Juneau; R. Fish- Hyder; Mr. and Mrs. W. E. Gerewels, Juneau; Mrs. C. Rhodes, Chichagof; Jack Olson, Juneau. B Empire classifieds pay. for a care- J NEW STOCK RECEIVED Aladdin Non-Spot Parchment BRIDGE SHADES FLOOR LAMP SHADES BED LAMPS Use Better Light See Our IES Table Lamps [ Alaska Electric Light & Power Co. I ISR FRESH TENAKEE CRABS EVERY MONDAY California Grocery THE PURE FCGDS STORE Telephone 475 Prompt Delivery For Prompt, Safe, Efficien: PHONE Service CALL A CHECKER CAB 556 THE TERMINAL “Deliciously Different Foods” Catering to Banquets and Private Dinner Parties