Evening Star Newspaper, September 21, 1931, Page 1

“From Press to Home Within the Hour” The Star's carrier system covers every city block and the regular edi- tion is delivered to Washington homes as fast as the papers are printed. WEATHER. . (U. 8. Weather Bureau Forecast.) Generally fair and continued warm to- and tomorrow. ‘atures—Highest, 90, at noon today; lowest, 70, at 6 a.m. today. * Full report on Page 7. Saturday’s Circulation, 108,142 Sunday’s Circulal 119,610 TWO CENTS. he - Star. WASHINGTON, D. C, MONDAY, SEPTEMBER’ 21, 1931—THIRTY-SIX PAGES. #x#% 1IWORLD CENTERS RALLY TO AID OF FINANCE AS BRITISH SUSPEND GOLD New York Exchange Bans Short SaleS—Sterling Drops to $3.75, Rising Later. 'Closing N.Y. Markets, Pages13,14 & 15 WITH SUNDAY MORNING EPITION g 31,019, Entered as second class matter i « post office, Washington, D. C. HOOVER WARNS LEGION . TIME HAS COME TO BAR NEW FINANCE BURDENS - Sees Grave Risk in Increasing ok (®) Means Associated Press. Text ofA Hoover’s Address President Declares U. S. Would Have Overcome Expenses. CRISIS IS HELD SECOND TO WAR Executive Declares Prosperity Hope Lies in U. S. DETROIT, September 21 (#). ~President Hoover « and his party left for Washington at 1 p.m., Eastern standard time, today, immediately after the conclusion of his address before the American Legion National Convention. | By the Associated Press. | DETROIT, September 21.—Pres- | tdent Hoover today called upon| the American Legion to enlist in & peace-time fight for Government economy designed to lead the| world out of the slough of de- pression. Speaking before the annual| convention of the Legionnaires against the “grave risks” of in- creasing Federal expenditures, either through further veterans’ or other legislation, the President likened the world economic crisis “gecond only to war,” and ex- pressed confidence that “by united action we will lead the world in recovery.” Refers to Deficit. ‘The President inted out the Treasury was faced &kh another large deficit, that income taxes had declined 50 per cent since the period of jpros- perity and that the Nation was carry- ing at the same time a “high and neces- sary extra burden” of public works in aid to the unemployed, of aids to agri- culture and of increased’ benefits to veterans. Newton D. , war time Secretary of War, made lp&ul to the Legion members to display the same “reckiss " _they nml:g & the war in R He declared to take the that it is the task of the Ni the world *“morally, intellectually.” Loss of Faith Greatest. est loss from the World “Joss of faith”" and added that what 15 needed most now is not merely busi- ness confidence, but that “higher fait in the freé institutions of a democracy. Europe, Mr. Baker said, i now pin- ing for security and living in grave anxiety lest another war start within the next few years. The United States, he declared, is the only Nation “big enough and brave enough” to say to the world that "we | not only demand peace, we intend to | have it.” The President in his speech said he was directing the most drastic econ- | omy in every “non-vital branch” of | the Government, ¢ the essential | services must be mahtained, including | provision for disabled soldiers, agricul- | ture and the unemployed. He warned that taxing only the rich| would not wipe out the Federal deficit. Must Face Facts. | “We must face the absolute fact,” he | said, “that the rich can be taxed to the | point of diminishing returns and still the deficit in our ordinary and neces- sary expenditures would not be covered even upon & basis of the utmost econ- omy. {l.nke no mistake; in these circum- stances it is those who work in the fields, at the bench and desks who" would be forced to carry an added bur- den for every cent of our expenditures.” | Either loans or taxss beyond the very | minimum necessities of Government, he | added, would drain the resources of in-| dustry and commerce and, in tumn, in- | crease unemployment. “Such action,” he.said, “can easily | defeat our hopes, our plans and our best efforts for the recovery of our country and so indefinitely delay the | return of prosperity and employment. | “We can carry out present ex- | penditures without jeopardy to national stability. We can carry no more with- out grave risks.” Mr. Hoover accepted with the “thanks | of the Nation” the Legion's offer to| co-operate in relief this Winter, but | said there was need of an even greater service. - “That 1s the determined opposition | by you to additional demands upon the Nation until we have won this war against world depression,” he asserted. He emphasized he was not speaking alone of veterans' legislation, but equally of demands for every other project pro- ed on Page 5, Column 6.) DOOLITTLE HOPS OFF ON NEW SPEED TRY Leaves New York for Memphis With Plan to Seek Measured Mile-Record Later. By the Associated Press. NEW YORK, September 21.—James Doolittle, flying his transcontinental record | plane, took off from Floyd Bennett Field at 10:08 Eastern | small degree upon our country, -the and | mands temporarily to allow investiga- Depression Long Ago Except for Forces Starting in Europe. By the Associated Press. DETROIT, September 21.—The text of President Hoover’s speech before the American Legion follows: My fellow countrymen of the Amer- ican Legion: It is a pleasure to accept the invita- tion of your commander to attend your convention. I am led to do so at a time of most pressing public duties be- cause 1 wish to lay frankly before you important facts which I am sure you will wish to have, and I wish to point to an opportunity of service which you can give, not alone to your members, but to the country at large. I need not recount that the world is }msslng through a -great depression, raught with grueling daily emergencies alike to men and to governments. from depression today flows largely Europe through the fundamental dis- locations of economic and political forces caused by the great war, in which your service brought bloodshed to an end and gave hope of reconstruction to the world. Recovery Rests on U. S. Otr economic strength is such that we would have recovered long since but for these forces from abroad. Recovery of the world now rests and awaits in no United States of America. Some in- divg]uah may have lost their nerve and faith, but the real American people are digging themselves out with industry and courage. We have the self-contain- ment, the resources, the manhood, the Intelligence and by united action we will lead the world in recovery. The American Legion, born of world smergency, wields a great influence throughout our country because it speaks for a generation which has proved its citizenship by offering its all to its country. You of the Legion have a_peculiarly sacred stake in the future of the country which you fought to preserve. You have proved your devo- tion in camp and battle. You have built up your organization to serve in peace as well as in war. You are aware that during the past year our national expenditures have ex- ceeded our income. Today the National Government is faced with another large deficit in its budget. Cites Federal Economy. There is a decrease in the annual yield of income taxes alone from $2,- 400,000,000 in the years of prosperity to only $1,200,000,000 today. Simul- taneously we are carrying a high and necessary extra burden of public works in aid to the unemployed, in aids to ag- riculture and of increased benefits and to veterans. In these circumstances I am direct- ing the most drastic economy in every non-vital branch of Goverment, yet the essential services must be maintained. ‘These obviously include continued pro- vision for our disabled veterans and the (Continued on Page 5, Column 5.) TWO IMMIGRATION OFFICIALS RELIEVED IN SMUGGLING QUIZ B. M. Day and M. A. Sturgis Granted Absence to Per- mit Inquiry. Two prominent immigration and naturalization’ officials in the New York Mnhvebmrewamm-l tions into alien smuggling info the United States, charged to a Nation- wide racketeering Ting to proceed wxm-' out interference, The Star learned to- day. The Labor Department admitted that Benjamin M. Day, commissioner of im- g into this country, had been “granted an extended leave of absence” and his place filled by Irvin F. Wixon, chief immigra- with ' headquarters in ‘Washington. Morton A. Sturgis, chief of the New York Naturalization Bureau, according to the Labor Department, also has been granted a leave of absence, and Fred J. Schlotfeldt, chief of the Chi- cago Naturalization Bureau, has bee: assigned to take charge of the New York office. Confers With Doak. Schlotfeldt was reported to be in Wi n today and the Labor De- partment said that he was expected to confer with Secretary of Labor Doak early this afternoon prior to leaving for New York. The department denied & rumor being circulated generally in New York and in immigration circles here that Day had already tendered his res n. The department, however, admitted that the affairs of both ths Immigra- tion and Naturalization Bureaus in New York were now being investigated by | Labor Department agents and it'is pre- sumed that the sending of Wixon and Schlotfeldt to those offices was for the purpose of aiding Murray W. Garsson, Assistant Secretary of Labor, who is in charge of the alien smuggling inquiry. Files both in the immigration and Neturalization Bureaus have been re- port=d tampered with and several clerkc in both bureaus have been taken into custody by department agents. Maranzano Records Lost. The mysterious disappearance of records pertaining to the activities of Salvatore Maranzano from the files of the New York Naturalization Bureau within one week _after this alleged (Continued on Page 2, Column 5) THROUGH TOMORROW Temperature Expected to Climb High Into 90's Before Tonight. SCHENCK BROUGHT BACK T0 TESTIFY IN STAPLES CASE Will Testify Before Special Board of Lawyers Prob- ing Poliqe Efiairs. Prederick A. Schenck, former Wash- ington policeman, whose testimony that Orville Staples was fired from the police: force on “framed” evidence, brought & scathing denunciation of the Police Department from the grand Jury—has been brought back to Wash- ington from the United States Peni- teatiary. at mvenworul:..l Kans., to testify the board of Schenck It was also learned that he was re- turned at the request of the District Commissioners in their efforts to assist the board, which otherwise might not have been able to hear the same evi- dence that came before the grand jury. The Department of JJustice is said to have arranged Schenck's return. Meanwhile the District Commission- ers today announced the membership of the Citizens' Trial Board which will hear any charges that may be preferred by the board of lawyers who will advise the Commissioners as to what course to take as the result of the grand jury report. Members of Board. Members of the board are Willlam Knowles Cooper, Willlam H. Lewis, jr.; Dr. Cloyd Heck Marvin, Dr. Charles P. Neill and Rabbi Abram Simon. All have accepted appointment, and should the invesiigating board, recently appointed, prefer charges against any one as a result of its investigation, the five will sit as a Police Trial Board to hear the charges. Its members will .receive a nominal compensation, probably $1 a week, in lurdm to satisfy the requirements of the aw. Statement Issued. In making known the personnel of the Trial Board, the Commptessioners 1s- sue% 'Ll:; following statement: * e request of the Commissioners, the presidents of the Board of Trade, Chamber of Commerce, Merchants and of ‘Citizels Associa of 7 tions and Federation of Civic Associations furnished the Commissioners with a list of somewhat over 40 names of persons of unques- RIOTING SPECTATORS BURN TRACK STANDS Refusal to Refund Admissions as Auto Race Is Canceled Angers Ohio Crowd. By the Associated Press. With the prospect of a temperature well into the nineties by midafternoon, the Weather Bureau predicts generally fair and continued warm weather to- night and tomorrow. At 11 a.m. today the mercury stood at 89 degrees, al- though the maximum yesterday was 9 degrees under that re. mer. The Weather Bureau records show this to be an unusually warn Sep- tember, with temperatures ranging about {7 degrees above normal. {SIXDIEINM standard time today for Memphis with a refueling stop planned for Cincin- nati. After a short stop at Memphis he intended to fly to Chicago. ‘The fiyer will have his plane recon- ditioned at Chicago in an effort to get greater speed from it. When this is done he will attempt to break the American speed record over a measured course of a mile. 'The record now is held by Lieut. Al Willlams at 266 miles an_hour. Doolittle flew last week from Hart- ford, Conn., to New York at a speed of 242 miles an hour. Doolittle's repre- sentatives said he hoped to set a new mark between New York and EXICAN RIOTS w[CI!y Elections in Vera Cruz State [ Cause Fights—18 Wounded. { _ MEXICO CITY, September 21 (#)— | Six persons are known to have been killed and 18 wounded in fights in vari- | cus parts of the state of Vera Cruz yes- terday in ccnnection with State-wide | municipal elections. Five w;:: killed t‘:ld umwounded in |a clash ween rival political in ‘Amatian de Los eman wes killed and six rioters were wounded w)u#‘“ f the 'Aou.id = flm.x; qua: of na revoluf party in Orizaba. Ll figure. Only two days remain of official Sum- | Reyes. A policeman | pasf NEW BREMEN, Ohio, September 21. | —Incensed over the refusal of the man- | agement to refund admissions when a | scheduled automobile race was canceled ;here yesterday, several thousand s |tators rioted and burned the stand and judges' platform. An_ attempt by nearly 5,000 persons | shortly after to fire a large dance hall | Dear the track was frustrated by Sheriff | Harve Russell and deputies, who threat- ened the crowd with tear gas bombs. | ,, Sheriff Russell said he had procured the names of 20 men alleged to be ring- leaders in the rioting and would charge them with arson and ineiting to riot. The racing plant was valued at $20,000. The race was called off when drivers refused to participate for a reduced purse. | NEW YORK BANK CLOSES X SCHENECTADY, N. Y. cgep‘(‘:mbfl 1 .—The 'Capitol Trust . here, a stngmhmk of gcheucudy. failed to today. e shssd- e g jaces e~ i as shown by the books of business September it liabilities, gy u’m was due to non- rers’ Association, Federation @ turday. ly $1,800,000 a Milwaukee avenue | OCEAN FLYERS RESCUED FROM MIDDLE ATLANTIC Johanssen and Viege, Lost on Hop to U. S., Picked Up by Norwegian Ship Bound for Russia. HALIFAX, Nova Scotia, September 21 (#).—All three flyers, recently lost on a fight from Portugal to New York, were found today. By the Canadian Press. HALIFAX, Nova Scotia, September 21.—It was reported here to- day that the Norwegian motor ship Belmoira had picked up Christian Johanssen and Fernando Da Costa Viege, who were lost with Wily Rody on a flight from Portugal to New York. The report did not mention Rody. The Belmoln; which is on its way from Albany, N. Y., to Russia, reported earlier today that it had founa wreckase believed to be the transatlantic plane which was last sighted off the Newfoundland coast. Wil e Costa :(}Zg:ilu time), September 13, bmu‘z‘fl o They their take-off. standard time), by 3,700-mile flight. 1,000 miles farther. The ern Hemisphere overcast skies Rody, a 23-year-old' aviation in the flight. When the plane’s gasoline s 48 hours, expired at 4:30 am. (Eutem‘ standan‘ilp J 15, grave concern was felt for the safety of the fiyers. . plane had no radio, and as the flyers approached the West- , Christian Johanssen, German airmen, and F' d 'ortuguese lpox;l:liln, lhn “Do. 81, ortugal, for New York. Their Junkers all-metal p‘la;he was heavily laden with 635 gallons of gasoline and 165 gallons were reported to have passed over the Island of Fayal, in the Azores, at 12:47 p.m. (Eastern standard time), on the Ka); of off from Juncal Do Sol, :30 am. ( standard They last were sighted on September 14, at 1:40 p.m. (Eastern the steamship Pennland, about wpmues south- west from Cape Race, Newfoundland, and 395 miles east of Halifax. At that point the plane had completed about 2,600 miles of its To reach New Yor it had to go approximately ly, sufficient for me), September and electrical storms faced them. enthusiast, recently came into a small inheritance and promptly spent it on the Junke: Johanssen, a naturalized German, bornr:npgen:n&sr’f m the flight, had made several long-distance flights previously, in- cluding one to the Far East. His flying had covered about 10 y'un. JAPAN INCREASES Tokio Foreign Minister and War Office at Odds on Manchurian Policy. ! By the Assoclated Press. TOKIO, September 21.—More Japa- nese troops moved from the Korean border today toward Manchuria, where soldiers of the empire were holding the southern portion of the Chinese state in a military vise. As the troop movements continued, the Japanese cabinet met in extraordi- nary session, but adjourned without reaching any decision regarding the Manchurian situation. 1t was disclosed, however, that the war office and the foreign office were not in accord on Manchurian policy, and that the question had become the many years. me’l":te“;‘h‘;e;npoinly g;mldcred by the (Continued on Page 2, Column 1.) N Hindus Outnumber Moslems. SIMLA, India (#)—The Hindus'out- number the Moslems, their religious antagonists, in India by 238,000,000 to 77,743,000, The latest census shows, however, that the Moselms,are increas- ing 3 per cent faster than the Hindus. The total population is 350,000,000 TROOP MOVEMENT Pupils Sit on Floor As Officials Seek Delayed Furniture Al but Two New Schools Are Used, but Work- men Linger. Seventy-odd thousand Washington boys and girls returned to school this morning while officlals searched for two carloads of furniture destined for new school houses. Until the cars are lo- cated and the furniture installed, sev- eral hundred children are being ac- commodated on newspaper-covered floors and on school lawns. ‘The actual count of children return- ing to school today will not be avail- able until late this afternoon. Enroll- ments from individual schools were be- ing received at the statistician’s office at the Pranklin' Administration Build- ing only after 1 o'clock today. How- ever, school officials at the Franklin Building announced, the gigantic task of enrolling between 70,000 and 75,000 children proceeded with dispatch and after 2 hours class room work was under way th virtually all schools. Jere J. Crane, first assistant superin- u&?ent in charge of business affairs, whb a week ago reported that structural delays threatened to prevent the use today of some seven school projects, made a survey of buildings this morn- ing. While only the Young (platoon) (Continued on Page 2, | E POLICEMAN CAPTURES ROBBER BUT LOSES UNIFORM AND GUN Chicago Department Grateful for Service, but Decides Brave Former Officer Is Outside Legal Rights. By the Associated Press. CHICAGO, September 21.—The Chi- cago don’t mind Stanley Thomas of Flossmoor, Ill, capturing holdu) men for them, but he's got to quit wearing @ uniform. And he musn't carry a pistol, either. Thomas, who used to be & member of the Flossmoor police force, but wi was suspended more than a t on his uniform and his star for old time’s sake and started a walk Sat night. He taking_place. robbers from the p was As two Thomas swung into action. He shot and wounded one of the gunmen and captured the other. He turned both of them over to the Chicago police. Chief of Detectives John Norton of the Chicago Police Department praised ‘Thomas for his bravery, but later it Ticeman aiter all. 5 e ‘whs warsed , so Was warne discard his WIMBLEY T0: FACE MURDER CHARGE INWIFE'S DEATH Crowder Taken to Virginia After Admitting Plot to Wipe Out Family. Harry C. Wimbley ard John Crowder will be formally charged by police to- night with first-degree murder in con- nection with the drowning last Thurs- day of Wimbley's wife and stepdaugh- | ter, Inspector Prank S. W. Burke, chief of detectives, announced today. The charges resulted from Crowder's confession to police Saturday night that { he overturned the cance in which Mrs. | Elizabeth Traylor Wimbley, 26, and her 3-year-old daughter, Wilma "W were sitting, after a plot to burn them to death to collect $21,300 in insurance fell through, He insisted, however, that the cance capsized accidentally when he | struck it with his knee as he got inte 4t. Visits Scene of Plot. Inspector Burke's announcement was made as Detective Sergt. James F. Springmann, in charge of the case, left here with Crowder for Mrs. Wimbley's home, at Dendron, Va., where the red- headed former taxi driver will explain in detail the plot he admitted laying to sandbag Mrs. Wimbley, her child and parents, Mr. and Mrs. Patrick Henry 'sll‘:n:h, and burn their home as they er developments in the case were: Admission by Wimbley that he forged Elizabeth Wimbley's name to a $10,000 accident insurance policy last July, and that he bought a gun before iluvin; for Dendron last Tuesday to bring his wife and stepchild here. Detention by police in Cassville, Mo., of Mrs. Ida Mae Graves Dickerson, 21, whom Wimbley married in_Rockville last April, under the alias of Howard C. Dilc)k:rsom parture of Detective Sergt. Robert Barrett for Cassville to question the woman, who has told police that Wimbley took out an insurance policy 32‘ her life, naming himself as mn - ary. Meeting Arranged. ‘Tonight or tomorrow Wimbley and Crowder will be brought together in In- spector Burke’s office. Wimbley then will hear Crowder's entire confession. It will be the firsf time the pair has met since the after- noon of the drowning. Wimbley was read portions of Crowder's statement late yesterday. His only comment re- garding the drowning, according to PO o hing “Well, you haven't got an on me. I didn't murder -nybodyy;'md you can't prove that I did.” He Temained firm in maintaining the double drowning was accidental. He did admit, however, according to police, that he had lied in explaining many details of the tragedy, but denied em- phatically the following statements made by Crowder in his confession: That he fashioned sandbags and ob- tained gasoline with which to beat to death and burn his wife's family at Dendron. That he suggested such a plot to Crowder or that he mentioned “insur- ance” to the taxi driver. That he motioned to Crowder to (Continued on Page 2, Column 4.) GOVERNOR TO PARLEY ON CASE OF POWERS Disposition of "‘B]\lebeard" Slayer to Be Determined With Attorney General. By the Associated Press. MOUNDSVILLE, W. Va, September 21.—A conference was arranged today between the Attorney General and Gov. Conley to determine the dispositian of Hal F. Powers, accused slayer of five ns, who was brought secretly to the West Virginia State Penitentiary here over the week end when a moh stormed the county jail at Clarksburg, where he had ‘been awaiting trial. Visibly shaken after his hurried trip across the State, the prisoner was placed in a cell of the prison’s new death house annex on Sunday. He was under police guard of a squad of State police, who escorted him from Clarks- burg. ;"ur gas bombs were used at Clarks- burg late Saturday night in an effort to disperse the cre clamoring custody of Powers. of the mob members were under the influence of liquor, CONFIDENCE IS FELT NATION WILL GET BACK ON ITS FEET Business Goes on as Usual After Mac- Donald Takes Drastic Step to Stem Outflow of Funds. By the Assoclated Press. Faced with Great Britain's temporary suspension of the gold standard, world financial circles today moved swiftly to protect the international financial structure. Stock exchanges in London, Berlin, Brussels, Oslo, Stockholm, Amsterdam, Johannesburg and Calcutta were closed. The Montreal exchange decided to open on a “restricted basis.” Chancellor Snowden program in the House of was set in motion. The selling. don, expressed optimism regardin land would extricate herself a pound to just over 4 pence. U. 5. TRADE REACTS WELL T0 GOLD ACT £ No'Serious Effect on Ameri- can Business Seen by British Move. Government officials pointed today to the normal transaction of business by the principal Stock Exchanges and banks of the United States as an indication that the temporary suspension by Great Britain of the gold standard would not serlously affect the United States. They expressed the opinion that Great Britain would worlk out her prob- lems successfully if given time and the ! necessary co-operation. ‘They said the temporary abandon- ment of the gold standard by Great Britain should not be regarded too seri- ously, because in the last 17 years that nation has been on the gold standard only six years. Traded Without Gold. During the time she was not on a gold standard they pointed out that huge amounts of bus were trans- acted between the United States snd Great Britain without detriment to this country. It was said the action of the British, coming after a long period of depres- sion and decline in commodity and security prices, made the situation in England and the world less vulnerable than if the same action had been taken in times of general prosperity. Officials did not see anything that the United States would be called uj to do and felt that should any further credits be needed by the British they could be arranged with member banks of the Federal Reserve System without involving the Government. ‘While suspension of the gold standard was seen as an effective method of stopping the flow of gold from Eng- land, doubts were held in official quar- ters that raising of the discount rate of 6 per cent would attract gold to Great Britain's treasury. A vital factor in the outflow of gold from England, it wes said, has been lack of confidence in the stability of the banking structure, resulting in shipments of the metal to other depos- itories. It was held unlikely that any great part of the amount moving for this reason could be retained even at exorbitant returns. The effect of the measure will be borne almost entirely by Great Britain herself, it was held. Increased prices were seen as inevitable, due to the lower valus of the pound sterling, while the foreign trade position is incalculably altered. Stock Negligible. England, while being one of the fore- most commercial powers of the world, has only a negligible quantity of gold. Estimates by the Federal Reserve Board placed her supply at only $650,000,000 out of a world stock of about $11,260,- 000,000. Of this amount, the United States had $5,015,000,000, or almost half, on September 15, representing an increase of $508,000,000, in the last 12 months. France was next, with hold- ings of about $2,290,000,000 on July 31. The remainder was divided among 42 other countries. President Hoover and his chief finan- cial advisers, Secretary Mellon, Gov. Meyer of the Federal Reserve Board, and Undersecretary Mills of the Treas- ury, have been in daily touch with Eu- ropean conditions since the crisis lead- ing to the intergovernmental debt mo- ratorium. In recent days, during the falling British exchange, the Treasury has kept itself advised hourly of the pound sterling. ’ OIL TRAINS COLLIDE BUCHAREST, Rurhania, September 21 (#)—Five persons were killed and 16 were badly burned today when two ofl tank trains collided near Ploesti. Most of the victims were railroad mgn‘yu of the tank cars caught in damage Fifty the wreck and the was con- siderable. as resented the Commons an Confidence Expressed. ‘While Great Britain's drastic step in suspending the gold re- ‘demption act of 1925 to halt alarming withdrawals of gold came with dramatic suddenness, confidence was expressed in numerous quarters that Britain would weather the nnmclaf J. P. Morgan, in reply to questions by the Associated Press in Lon~ Great Britain’s action was a “hope; Other noted financial figures abroad expressed similar views. Commodity Prices Rise. In Washington no adverse reaction of major im expected and confidence was expressed by Treasury officials that Eng- uickly from the confusion. Prices on commodity exchanges in London increased and on the metal exchange copper rose more than £2 a ton. a ton higher, while at Liverpool cotton advanced almost a half penny fo!d suspension govemment‘s or its adoption machinery The Bourse, in Paris, remained open, but the official exchange market was closed and no official currency quotations were made. New York Stock Exchange also opened as usual, but the overning board issued a notice prohibitng short selling. Prices ral- led with spectacular swiftness after an enormous volume of early storm successfully. the situation and declared that ul and not a discouraging event.” rtance was Tin was nearly £6 NEW YORK PRICES RALLY. Spectacular Recovery Made After Huge Volume of Early Selling. NEW YORK, September 21 (#)— Prices rallied with spectacular swiftness on the New York Stock Exchange todas after an enormous volume of earl; u!.!! ipal the pressure. However, shorts, instead of adding to the co n and thus possibly creating a demoralized condi- tion, made extensive repurchases against ;Lefin made during the severe September e. ‘To guard against a critical situation, the Exchange Governing Committee be- fore the opening, through Richard ‘Whitney, president, announced that the rule against short sales had been in- voked. Selling came with a rush when the big gong above the exchange floor rang at its usual hour of 10 am. byt the decline was cushioned by the retreat of the shorts, and prices rallied by the end of the first hour. Fluctuating widely, the British pound sterling dipped to a new low for the present decade of $3.75 for cable trans- fers before rallying to around $4.35 in the foreign exchange market here today. The temporary suspension of the gold standard by Great Britain demoralized the foreign exchange market, and bank- ers experienced difficulty in establishing a market price for foreign currencies and in only a few instances were rates more than nominal. Only six foreign currencies were generally quoted. The Canadian dollar suffered with the pound sterling, and fell to the low- est level reached in many years, being quoted at a discount against American dollars of 52 per cent, or 9415 cents. The Italian lira sagged 2 cents, Span- ish peseta was off 10 points and the Prench franc and Swiss franc were un- changed. Wall Street came to work this morn- ing with the knowledge that the Stock Exchange expected to open as usual and that leading bankers who had been in conference over the week end did not regard the situation as sufficiently alarming to warrant the hasty forma- tion of a banking consortium, such as the market had in the Fall of 1929. Some of the sessions of financial leaders lasted far into the night. Liquidation, coming in part from abroad, where the London, Berlin and Amsterdam markets were closed, piled up huge offerings against the opening. So strong was the urge to sell that transfers in the first half hour swelled to 1,100,000 shares, the largest vclume for that period since June 17, 1930. ‘There was not, however, anything comparable to the demoralization that cf ter! those tumultuous days nearly two years ago when the big bull market collapsed, nor did the early sales bulk as large as the turnover wit- nessed in_ some previous bad breaks since October, 1929. As the market rolled into the second hour favorite shares were rising stead- ily. American Telephone recovered most of an extreme break of nearly $6. United States Steel common, meet- ing stalwart support, actually opened 25 cents higher and stubbornly re- (Continued cn Page 3, Column 1.) . NEW YORK COURTS BUILDING BOMBED Explosion Laid to Bombs Placed by Youths—Only Windows Broken. By the Associated Press. NEW YORK, September 21.—A ter- rific explosion shattered several win- dows in the rear of the Supreme Court Building at Baxter and Worth streets, just below Tombs Prison, today. re, a large found on the sidewalk at that