Evening Star Newspaper, June 27, 1933, Page 1

Che Foeni ‘WITH SUNDAY MORNIJEDI‘HON o Star. WEATHER. (U. 8. Weather Bureau Forecast.) Partly cloudy with local showers and thunderstorms tonight or tomorrow; not much change in temperature; gentle, variable winds. Temperatures—Highest, 85, at 4:30 p.m. yesterday; lowest, 72, at 5 am. today. Full report on page A-16. Closing N.Y. Markets, Pages 13,14&15 The only evening paper in Washington with the Associated Press news service. Yesterday’s Circulation, 115,923 No. 32,564. post office, Entered as second class matter ashington, D. C. WASHINGTON, D. C., TUESDAY, JUNE 27, 1933—THIRTY-SIX PAGES. *** (#) Means Associated TWO CENTS. Press. STABILIZATION IS SOUGHT WITHOUT REGARD TO U. S:; WHEAT PARLEY HITS SNAG Gold Countries Open Drive on Britain. ENGLAND MAY JOIN AMERICA Conference Awaits| Moley’s Arrival There Tonight. | | By the Associated Press. | LONDON, June 27.—The World Economic Conference this morn- | ing was in the throes of a fresh dramatic development precipi- tated by the unexpected action of | gold bloc countries in trying to force European monetary stabili- | zation irrespective of American | o | | | i U. S. Program America’s Policy at London Covers Four General Subjects. By Cahl~ to The Star | LONDON, June 27 —The American | policies, as now officially laid before the World Monetary and Economic Confer- ence here, may be outlined as follows: Monetary Policy. | 1. A return to the gold standard by | all countries as soon as possible. | 2. Withdrawal of gold from circula- tion. and its use hereafter solely to set- tle international balances. 3. A general reduction of minimum metallic cover. 4. A meeting of the central banks to | consider the reduction of this metallic | cover to 25 per cent, a fifth of which may optionally be silver instead of gold. ~ 5. No further debasement of silver coin | 6. Silver coins hereafter to contain | 80 per cent pure silver, | 7. An agreement by silver-producing countries with countries which are large | silver. Trade Policy. 1. A general resolution against the raising of additional trade barriers. 2. Removal, as quickly as possible, ! Crop P Delay Work * on Paect. ACTION TO:WAIT FULL FIGURES Conference Near Breakdown Before Estimates. By the Associated Press. LONDON, June 27.—What one of the “big four” chief delegates called an “act of Providence” has { holders of silver to limit the sales of S0 altered the wheat situation that the conferees decided today to wait until crop prospects are better manifested before approv- ing or disapproving a plan to re- desires or what happens to the of embargoes, quotas and other arbi- | strict wheat acreage. American dollar. | trary restrictions. | 3. Restoration of foreign trade by Prime Minister Ramsay Mac- Representatives of the central |the quickest possible reduction of tariff | Donald, in an hour-long discus- banks of France, Switzerland,} barriers through either bilateral or | multilateral treaties, taking care not to sion of the problem with the Holland and Belgium met secretly |discriminate unfairly against other m-li leaders of the “big four” delega- to perfect plans which involve forcing Great Britain to stabilize along with continental countries. From this meeting came declaration by one of the con- ferees that gold would be de- |immediate consultation with the cen- | States, fended to the last ditch. | | Challenge to U. S. t Many observers expressed the opinion | that this scheme is, in effect, a chal- | lenge to President Roosevelt's price- raising program, which the gold bloc ' members maintained would force a de- | Ppreciation of their currencies and would ' be disastrous. | The bankers decided this morning to | 8sk the Bank of England to make a | declaration to the effect that it would | not be in Great Britain's interest to see continental currencies depreciated. Great Britain was understood in well informed quarters this evening to have refused to commit herself to the new scheme. In responsible British circles move was described as an effort to split England and America, 0. that they would be unable to deal independently on_stabilization. | Englsnd, it was stated, wants to keep her hands free so that she can deal directly with America on stabilization when the proper time comes. Britain's pesition at the moment, therefore, is that she is sitting tight. Meanwhile, gcld bloc bankers were neeting again late in the day to con- sider what new move they could make to force stabilization. Not Ready for Gold Yct. The latter was faced with the al-| ternative of joining to maintain the present level of currencies and helping 1o keep France and other gold-stand- ard countries on that basis, or of de- eiding to form an Anglo-American monetary alliance and continue with (Continued on Page 4, Column 1.) U. S. TO STAND PAT WITH WHEAT LEVY| ‘Will Go Ahead With Plan Despite Recent Gains in Grain Prices. | | | By the Associated Press Administrators of the farm act plan | to levy a 30-cent-a-bushel processing tax on wheat, despite the recent sharp ise in grain prices The administrators intend making an announcement either late today or to- morrow and hope to go ahead with their original arrangement of fixing the wheat levy at a minimum of 30 cents, to go into effect early next month probably July 8. They have authority to impose a processing tax on wheat used in milling flour and manufacturing other food products for human consumption, equal to the difference between the “current farm price” and the “parity price based on pre-war farm prices. On the basis of price relationships iy in June, administrators could levy of 30 cents a bushel. Wheat ns announced by Secretary ure Wallace were predicated 1 expectation of a tax of ) nce that program. heat prices has nar- between current and is no provision in the farm the opinion of administrators, er, which requires Wallace to use the price relationships of the last week or two weeks before the tax goes into eff Instead he can use averages x months or any other period if ires, they believe was learned that the announce- t of the tax may id any refer- to a specific period on which the parity m ence current and pre-war based. CONSULTANTS NAMED FOR COTTON PROGRAM By the Associated Press. Five regional consultants were se- Jected today from Southern States by edministrators of the farm act to assist in the cotton program. ions. Price and Credit Policy. Close co-operation among the central | banks and governments to create easy | synchronized programs of government expenditures to be worked out first in | tral banks and then in a Study Com- | mittee which the conference would ap- point. | Private International Debts. A permanent body to advise organ- ized creditors and debtors and to study possible readjustments. Wheat Production Control. Reduction of wheat acreage through- out the world, but particularly in the United States, Canada, Argentina and Australia, by 15 per cent. (Copyright. 1933.) ROOSEVELT, IN FOG, 1S AWAITING DAVIS Envoy to Give President First-Hand Account of Arms Parley. By the Associated Press. LAKEMAN BAY, ROQUE ISLAND, | Me., June 27.—Fogbound for the second | day in succession, President Roosevelt loafed about the Amberjack II today as | ¢, he awaited a visit from Norman H. Davis, America’s roving Ambassador. A radio message said Davis left Bos- ton last night on the destroyer Ber- nadou, which was poking her way Northward through the fog at about 10 knots. The Chief Executive was hoping the destroyer would arrive be- fore darkness made it impossibie to enter this little harbor. Davis is expected to give the Presi- | dent a first-hand account of the de- liberations of the Geneva Disarmament | Conference which he attended as head | of the American delegation. | The Bernadou is also bringing Marvin H. McIntyre, one of the President’s secretaries and James Roosevelt, son of the President, who made a swift trip to Boston to participate in the State conventfon for repeal of the eighteenth amendment. At 10 o'clock this morning, there was | no sign of the fog lifting. From the | press boat Comanche the Amberjack II was barely visible as it lay at anchor hardly 100 yards away. The destroyer Ellis, at the mouth of the harbor was swallowed up in the heavy mists. After a late breakfast cooked by George Briggs one of the crew members, President Roosevelt spent a couple of hours studying ragio reports from Washington outlining” the progress of national affairs, | | CANADIAN COMMANDER AT VIMY RIDGE EXPIRES TORONTO. June 27.—Maj. Gen. W. who commanded the Royal | 3 Engineers at the battle of | Vil Ridge in the World War, was | found dead today at the Toronto Hunt Club, apparently a victim of heart dis- case Gen. Lindsay was said to have taken part in every main battle fought by Canadian troops in France from 1916 to the end of the war. Under his com- mand the Canadian Engineers built the rst plank road constructed in France. He had lived at the military institute here for many years. | gentines will be drawn in. tions, asked for and received in- formation as to the near break- down of the negotiations at the a |credit by open market operations, and | morning session of the conferees. The “big four” are the United Canada, Australia = and Argentina. When he received information concerning the rise in the price of wheat on world markets, presum- ably because of adverse crop re- ports, Mr. MacDonald professed | satisfaction with the progression of the negotiations. Dumping Threat, A renewed threat of chaos and price debacles which will follow if the Ameri- can and Canadian wheat surplus of 500,000,000 bushels is “dumped” on the world market acted earlier today to save from breakdown the acreage | restrictions negotiations. A conference of representatives of the “big four” broke up after being in sesston for an hour. Stanley M. Bruce of Australia told the representatives of the United States, Argentina and Canada ihltt&hree Australian states were adamant their opposition to the Testriction scheme. Mr. Bruce himself is most willing, he declared, to work out some plan where- by Australian adherence to the project could be assured, but he commented that the difficulties of his position could not be minimized. Conferees Adjourn. ‘The Americans, in reply, merely called attention to what the release of the North Am--isan surplus would do to world mark=ts and said in effect, “Gen- tlemen, it must be done.” Afterward it was commented that no one took issue with this satement of e position, the problem how to convince the Australian states. Mr. Bruce and the Argentines left the meeting at this stage and e Minister R. B. Bennett of Canada and the Americans remained on discussing the situation. Mr. Bennett departed about noon and the Americans stayed together another half hour discussing the situation. One of them said afterward that they were “convinced that Australia will have to come into line.” The position now is that the conferees have adjourned sine die, but it is hoped that further cable conversations, which Mr. Bruce will carry on with Canberra | will ‘result in another meeting being | called, perhaps within four or five days. Downright Necessity. Argentina’s discouragement at devel- | opments was tempered by the American conviction of eventual success, if for no other reason than that participation is a downright necessity, in the view of the United States’ representatives, to prevent a market debacle. Conversations between Mr. Bruce and scme of the smaller-producing nations during the next few days are consid- ered likely and it is possible the Ar- ‘The Amer- icans, however, consider that they have no mandate for conversations outside the big four. In quarters close to the conferees it was stated that the use of the surplus in the event of failure to reach an agreement was only hinted at by the Americans until the last two meetings. Then after the speech in the United States of the Secretary of Agriculture, Henry A. Wallace, in which he spoke of the possibility, it was laid before other delegations in so many words, and it | had the greatest influence on the ne- | gotiations. “DOUG,” IR., IMPROVED NEW YORK, June 27 (#).—Douglas Fairbanks, jr. spent a comfortable night and seemed somewhat improved this morning, it was said at the home of his mother, Mrs. Jack Whiting. Fairbanks is ill of lobar pneumonia at Doctors’ Hospital. His temperature rose early last night, but broke later and he slept until 9 am. today, it was said. MATTERN EACKERS GO TO HAWKS | Famous Speed [ | Round-the-W. i By the Associated Press. CHICAGO., June 27 —Sponsors of | the round-the-world fight, which| | Jimmie Mattern attempted, announced | FOR AID IN SEAR prices are | CHING FOR FLYER Pilot to Be Asked to Join Hunt for Missing orld Aviator. Chicago, probably would join in the appeal to Hawks. He summoned the others into conference and planned to communicate with Hawks immediately. “T believe Hawks is well equipped for The men will serve as a committee t0 | today they planned to appeal to Frank |such an undertaking ” Sfckett said. “He ald Secretary of Agriculture Wallace in determining whether offers received from producers in this week's cotton acreage reduction campaign shall be ac- | cepted and to what extent, if any, they - should be modified. Those appointed are E. B. Jackson, | Waener, 8. C.; Aima Allison, Corsi- Tex.; C. G. Smith, Blytheville, c'Ofll., Mattern in the Arctic. | backers, said he was confident Mattern | still lived, probably stranded in the Arctic and struggling to reach some means of communication. Sackett said that he, Harry Jamieson, Hayden Mills and Jack Clark, all of i Hawks, noted speed flyer. to search for 5 } | westward over the route Mattern in- | good plane. Most important of all, he | was not foolhardy. There might have |been a mishap, but we all believe | Jimmie would have been able to make 'a landing under any conditions.” | bably could fly from the United that if they are all enlisted in a rubber tates to Nome, Alaska, thence north- ' trades union the number of union Attorney S. J. Sackett, one of the tended taking from Russia to America. tenfold. Labor leaders from Detroit and “We are confident Mattern has noci Indianapolis will address the Friday perished. He was capable and had a’ mass meeting. | THAT FARM RELIEF TASK. ALL WE'VE GOT To DO 1S To MAKE THOSE LooK LIxe THESE! KUHN, LOEB CLIENTS NANED AT INQURY 37 Corporations With De-/ posits of More Than $50,000 Each Listed at Probe. i By the Associated Press. The names of 37 corporations en-| gaged in interstate commerce with deposits of more than $50,000 with Kuhn, Loeb & Co., giant banking house, were placed today before Senate inves- tigators inquiring into the financial | set-up cf the New York concern. | The investigators also were given evidence that 15 such corporations had total deposits of $12,891,901 with the| banking firm at the end of 1931. At the same time the partnership agree-| ment under which Kuhn, Loeb & Co. operates was given to the committee. Just previously the balance sheets for the year-from 1927 to 1931, inclus| sive. were presented. | ‘The total number of corporations with deposits in the banking house and the aggregate at the end of each year from 1927 te 1931 follows: ‘Total deposits. $24,151,503 33,338,974 59,703,040 31,245,767 Kahn Testifies. | Otto H. Kahn, New York financier | and art patron, expressed the hope ear- | lier in the hearing that ‘“cut-throat” competition among American bankers for financing industrial enterprises had ended because it was “detrimental to | the public.” | Year ending. The senior partner in Kuhn, Loeb & Co. sald it was customary for bankers to keep hands off a concern whose financing was done by another bank. “That is very much in the spirit of the code the National Legis'ature has now adopted to regulate business of all kinds,” Kahn testified. Hopes Competition Improves. “In other words,” he added, “instead of cut-throat competition, it is not in the interest of the public to have dozens of American bankers sitting in European and Central American States outbidding each other foolishly to the detriment of the public. “That kind of competition I hope is ended. We have always endeavored to observe the rules of fair competition.” Kahn, a native of Germany, told the committee the chief business of his concern was with corporations. He sat in his chair sideways and talked in a distinct dialect under questioning by Ferdinand Pecora, committee counsel. Two partness, George W. Bovenizer and Benjamin J. Buttenwieser, later will take the witness stand. Further down were facts bearing on income taxes and document after docu- ment dealing with Kuhn, Loeb & Co.’s flotation of securities. Evidence Guarded Closely. Pecora announced the present inquiry would deal chiefly with domestic stock and bond issues and that he was leav- ing for the Fall a study of foreign| financing not only by Kuhn, Loeb, but | by Morgan and others | ‘There was an atmosphere of suspense | about the opening of the inquiry be- cause of the secrecy with which the investigators have guarded their evi- dence. They said, however, that there were no lists of selected clients like | those that figured so prominently in the Mcrgan case, because Kuhn, Loeb & Co. floated issues only through other houses. Chief of the domestic issues which (Continued on Page 2, Column 2.) RUBBER MAN‘UFACTURERS SILENT ON A. F. L. DRIVE Campaign Is Begun to Unionize Akron’s Thousands of Tire Plant Workers. By the Associated Press. AKRON, Ohlo, June 27.—While exec- utives of Akron’s huge rubber manu- facturing companies maintained silence, the American Federation of Labor today opened a campaign to unionize the city’s thousands of tire builders. Acting on instructions from the Wash- ington headquarters of the A. F. of L. | the Summit ty Central Labor Unilon issued a call for a mass meeting of rubber workers Friday night. F. N. Patino, president of the Cen- tral Labor Council, said 30,000 rubber workers live in the Akron territory, and workers in Akron will be increasea An attempt to organize rubber workers was made here seven years ago. An independent union enlisted about 2,000 workers, but soon passed out of exist- ence. 4 DENSMORE SHUTE, Whose defeat on the thirty-sixth hole !lost the Ryder Cup for the American BRITISH COLFERS Wk RYDER CP Sensational Battle Not De- cided Until 36th Hole of Last Match. By the Associated Press. SOUTHPORT, England, June 27.— Great Britain regained possession of the Ryder Cup, emblem of Anglo-American professional golf rivalry, today, defeat- ing the United States, 6!, points to 51, in two days’ competition. Syd Easterbrook, British pro, scored the deciding victory by defeating Dens- more Shute, 1 up, 36 holes, as the climax of one of the most exciting in- ternational golf battles ever waged, with the outcome in doubt until the last hole of the final match was completed. The Britishers divided the eight sin- gles matches played toddy, but won the foursomes yesterday, 2% to 1'4. Wales Among Gallery. The Americans were in the lead only once during the two days, when Capt. | Walter Hagen vanquished A. J. Lacey, 2 and 1, with the Prince of Wales as an onlooker, but the team score twice was tied by the invaders before the decisive British blow was struck by Easterbrook. The other three American conquests were scored by Gene Sarazen, who de- feated Alfred H. Padgham. 6 and 4: Craig Wood, who beat W. H. Davies, 4 and 3, and Horton Smith, victor over | Corles Whitcombe by 2 up in a match that tied the score for the last time. ‘The biggest upset for the Americans was the trouncing administered to Olin Dutra, P. G. A. champion, by Abe Mitchell. who captured 13 out of 14 suc- cessive holes and won by 9 and 8 after being 3 down at the tenth. The other two British triumphs were posted by Arthur Havers, who beat Leo Diegel, 4 and 3, and Percy Alliss, who won & sensaticnal match from Paul Runyan, youngest of the Americans, 2 and 1. British Hold Edge. ‘The victory gave the British a 3-to-2 edge in the Ryder Cup competition, kept intact the record of a triumph for the home forces in every series. The closest previcus battle for the cu%) was in 1929, when the British won by 7 to 5. Between 20,000 and 25,000 spectators swarmed over the course throughout the singles and the Prince of Wales had to have a big escort to get within gun- shot of the play. The British heir came by airplane and arrived in time to shake hands with Capt. Hagen, who promptiy recovered his form and beat Lacey for the benefit of the royal fan. ‘With the series depending on how they played the last Role, Easterbrook _and Shute hoth were wild with their | (Continued on Page 2, Column 5.) however, had {aviators in Southeast Mexico were | ARHY WL SPERD SO0 N for Housing, $13,000,000 for Ammunition. As soon as public works funds are | made available, the War Department is | prepared to spend immediately $51,- 1 000,000 on housing projects at various | Army posts and $13,000,000 for ammu- | nition. ‘This was made known today by As- sistant Secretary Woodring, who 'so in- | formed the graduation class at the | Army War College, where he spoke at | the commencement exercises. | “Our plans for these projects are |in an absolutely completed state and we will be able to start men to work within 24 hours after funds are made available to us,” he said. | These K:)ecu are on the No. {1, prios of the $135,000.000 hous- i submit! y ‘War De- partment T under the vast public works program. | Officials in Mr. W 's - office | would not divulge the in proj- ects on this priority list. Under the to help save $50,000,000 in the next fiscal year, Secretary of War | Dern is working out & program whereby | the great arsenals of the Army would | be put on a four or five day week basis. ' This was considered necessary on ac- | count of the huge number of civilians | employed at such arsenals at Rock Is- |land, Ill.; Edgewood, Md.; Springfield, Mass., and nearly a score of others. ith the emergency funds to spend $13,000,000 for ammunition, it was be- lieved that most of the arsenals where munitions are made could be kept on a regular six-day basis if the f e | allotted. 5 e 'ARMY FLYERS TO CONVOY | BODIES OF SPANIARDS | | | Mexico Sends Military Planes to| Site Where Capt. Barbean and Lieut. Collar Crashed. By the Assoclated Press. MEXICO, D. F, June 27.—] Military | ordered today to fly to Minatitlan to form a convoy for the bodies of two Spanish transatlantic flyers who crashed last week en route from Havana to Mexico, Capt. Mariano Barberan and Lieut. Joaquin Collar were found dead in the | wreckage of their plane in a lagoon in | the State of Tabasc Plans were to bri the bodies to this saddened capital in a large plane | chartered by the Spanish embassy, just | one week after more than 60,000 per- | sons gathered at Balbuena Field hoping | to_welcome the good-will aviators. It is believed the Spanish ship. the Cuatro Vientos, was wrecked by a | violent storm. Russia Protests to Japan. MOSCOW, June 27 (P).—The for- eign office has protested to the Japanese | Ambassador against the landing of a | | party from the Japanese torpedo boat | Tatzikaze to investigate the slaying of | three Japanese fishermen near Kam- | | chatka peninsula recently. Prepares to Use $51,000,000 the general economy plan tor‘ FEDERAL AGENCIES | 1 | RUSH COMPLETION - OF0BS PROGRAMS |Extent of Personnel Separa-| | tions in Doubt as New Fiscal Year Nears. PLAN EXTENSIVE USE OF FURLOUGH SYSTEM Justice Department Announces Fewer Patronage Posts Will Be Handed Out. With but three days remaining until | the start of the new fiscal year, which will see the Government estabiishment— | excluding thcse agencies involved with the emergency legislation—embarking on a new and more rigorous policy of re- duced expenditures, administrative of- ficers today were whipping to comple- | tion the program that must be followed | in the forthcoming twelvemonth. | As a general rule, there were no ac- curate figures in the 10 executive de- partments or the principal independent agencies as to the number of persons| who would be dropped, though in each | separations are in prospect, under mme{ | form or other, whether by outright dis- | missal, through application of the mar- ital status restriction, retirements or, | in some instances, furloughs. 1,300 Face Dismissal. In two branches in which cuts had been forecast, there were developments today, Attorney General Cummings an- nouncing that a reorganization of the Prohibition Bureau would bring dis- missal or furlough of 1,300 workers, on July 1, and advice coming from the Interior Department that the retrench- ment might mean “several hundred” less jobs in the departmental service. The prohibition shake-up will elimi- | nate 34 employes from the local head- | quarters, while 42 more will go in the | Washington enforcement district. At the Interior Department, whose | personnel includes 9,000 field workers | and 3,000 in the offices here, it was em- phasized that every effort was to be 'made to avoid out-and-out dismissals, and that the plan there was to move slowly. The department proposes to fall back on retirements, transfers, non-filling of vacancies, spread fur- Xk , and indefinite furloughs, and the rough estimate of “several hun- dred” less jobs, it was said, would take (Continued on Page 2, Column 6.) 00,000 VETERANS T0 GET INCREASES Bureau Hopes to Make More Liberal Payments at Early Date. | | By the Associated Press. A general review of upward of 300, 000 cases of veterans allowed compen- LABOR IS FIGHTING CODE FOR TEXTILE TRADE AT HEARING Green Opposes Forty-Hour Week, Proposing 32 or 30 as More Desirable. MINIMUM WAGE ALSO TOO LOW, HE DECLARES Cotton Magnate Says Agreement Would Immediately Banish Child Labor in Mills. The American Federation of Labor cast its opposition against the code proposed by the textile industry for o minimum wages and maximum working hours in the mills of North and South, with the opening of hearings today on the first of the many codes to be pro- posed under the industrial control act. Through several hours in the crowded auditorium of the Department of Com-= merce, textile spokesmen had upheld the code for a 40-hour work week and minimum weekly compensation of $1U in the South and $11 in the North. More than two-thirds of the industry agreed to it, and if approved by the Roosevelt admiuistration it will become law. Those of the industry dissatisfied have yet to be heard. In time set aside for him in the afternoon, William Green, president of the American Federation of Lahor, was prepared to suggest 3 maximum of 32 hours a week and 30 as even more de- sirable. He told reporters that a $14.40 weekly minimum wage would be too low. Employment of 100,000. George A. Sloan, president of the Cot- ton Textile Institute, estimated in his testimony that employment of 100,000 now 1d':|:d would result from the code as Once it takes effect, he said, child labor would be a thing of the past within two or three months. Robert Amory of Boston, among cotton manufacturers, explained that two-thirds of the industry backed the code. He went on to say that of the third, & number hesitated because they were not entirely familiar Tions 1o the wags Giterentiar bersn erent Wi e wage tween in the former way, trator of the | both, and shirt-sleeved men shifts der in the ‘William D‘MW&IMM sation claims was announced today by - the Veterans' Administration. ‘The administration took the action as a step toward carrying out the com- promise enacted in the closing hours of Congress, whose purpose was to lib- eralize previous presideatial regulations for veterans’ slashes. In a bulletin the Veterans’ Adminis- tration said it hoped to complete the work in time to make the more liberal p;yfinents in a comparatively short while. Officials estimated that of the 338.- 000 cases involved, approximately 40 per cent had been reviewed but that virtually all would have to be restudied in the light of the liberalization. They estimated the compromise law reduced by $96,000,000 the savings in veterans’ payments contemplated origi- nally .under the economy act. To handle the so-called presumptive cases—involving veterans whose ail- ments were presumed under prior laws to have originated in service—it is planned to have special boards set up early in July for each of the 60 regional offices of the Veterans’ Administration. Boards to Study Cases. ‘The administration said: “These special boards will determine on all available evidence the questions whether service connectian will be granted, resolving all reasonable doubt in favor of the veteran. The burden of proof in such cases is upon the Gov- ernment. * * * “Veterans need not request action by (Continued on Page 4, Column 7.) By the Associated Press | | NEW YORK, June 27.—Leading com- | | modities and stocks surged to new highs for the big 1933 advance today, al- though profit-taking tended to level off advances. The boom in grain at Chicago and other centers had an echo on the New York Stock Exchange where share quo- tations stremgthened in lively trading. Cotton swung erratically after yester- day’s huge gains. With the May, 1934, wheat delivery crossing $1.02 a bushel, grain markets were wildly excited. Heavy realizing ate substantially intg the extreme advances but trading remained very active. Cotton rose about $1 a bale here, then became unsettled and at one time was quoted under Monday’s final prices. The advance in stocks tended to be selective. Gains ranged from a few cents to about $6 a share, though the chief improvement was in specialty | issues, standard industrials being little Dbetter steady. Rallroad shares, fairly liberal iSTOCK AND COMMODITY GAINS CONTINUE IN BRISK TRADING | THREE FILIPINOS SOUGHT Profit Taking Slows Down Pace of Forward Movement, However, Wheat Above $§1 Mark. By afternoon J. I. Case had halved a $2 rise and was selling around $93. while Sears, Roebuck, International Harvester and Montgomery Ward had reduced morning gains of around $1. United States Steel common, just under 859, was little changed. American ‘Telephone at the best was up 62 cents to $130. General Motors reached a new high at $30, up 62 cents. Allied Chemical. Santa Fe, Lackawanna, Dela- ware & Hudson, New York Central and Union Pacific rose $1 to $2. National Distillers Products was the day’s high fiyer, rising $6 to $91.50 before losing part of its gain. Foreign exchange fluctuations worked against the dollar. Gold currencies, which had reacted yesterday in the face of reports that Holland was to leave the gold standard, strengthened under leadership cf Dutch guilders, which rose 3 cent to 49.75 cents. Sterling crossed $4.25 to a new high since England left the gold standard and was tup more than a cent. ‘The rise in gold moneys followed word from London that countries still tied to gold would fight for the maintenance of that standard, Gen. Johnson chose himself to pre- side and interpret the legislation. Supporting the agreement, designed (Continued on Page 5, Column 1. ISLAND IN PACIFIC HAS DISAPPEARED Ganges, on Yokohama-Honolulu Route, Has Sunk Into Sea, Japanese Report. By the Associated Press. TOKIO, June 27.—Ganges Island, shown on maps of the Pacific Ocean at 30.57 degrees north latitude, 154.10 de- grees east longiture, has disappeared, according to Japanese naval surveyors, who have just completed an extensive hydrographic cruise. They reported a thorough survey was | made” of the Megalhaes Archipelago without a trace of the island being found. Ganges Island is shown near the steamship route from Yokohama to Honolulu, about a quarter of the dis- tance from the Japanese port. The total distance is 3,445, nautical miles. AS KIDNAPING SUSPECTS By the Associated Press. HONOLULU, June 27—Three Fili- pinos, who, a maid reported, hacked with heavy cane knives at the doors of Capt. Robert F. Bradhish's home in an attempt to kidnap the officer’s child, were hunted by island police today. Agnes Rosario, the maid, reported the trio demanded to be let into the beach home Saturday night, and when she re- fused, hacked at two doors of the house with cane knives, threatening to kil her unless she handed over the child. The maid telephoned police and the in- tended abductors fled. She was alone in the house with the child. Capt. Bradhish is stationed with the 11th Medical Regiment at Schofield Barracks. His home in is St. Al- bans, Vt. l GUIDE FOR READERS I Amusements . .B-10-11 «...A-13-14-15