New Britain Herald Newspaper, August 9, 1929, Page 1

A 14 [} News of the World By Associated Press ESTABLISHED 1870 NEW BRITAIN HERALD Average Daily Circulation For Week I‘ndmg 15 066 August 3 GREATEST DROP IN HISTORY OF NEW YORK STOCK LISTS | CAUSES BILLIN IN LOSSES | o 15 Mmutes of Frenzled Selling Follows Unex- pected Federal Re : serve Rediscount | ¢ crease — Traders T+ Bad Beating in Fall. Whole Price Curb Exchange List Collapses Many Points — Bri Rally Staged on Big Board After Opening Hours of Liqui- - sk dation. New York, Aug. 9 (P—The most sweeping reaction in the New York Stock the Exchange, which wiped out more than a billion | dollars in quoted values in 15 min- utes of trading, took place today as result of the panicky liquidation of stocks inspired by the unexpected | incre from 5 to 6 per cent in the New York Iederal Reserve redis- count rate, the latest official blow at | securities speculation. Prices of ccores of active stocks hroke $5 to $15 & share on opening transactions of 5,000 to 2 but a bris ensued before the end of the bhalt hour. ‘Thousands Scll Hastily As happens in all major stock market declines, thousands of pan- icky investors and speculators threw over their holdings “at the market” 1t the opening, 5,000, first of bids by pools and other market sponsors. Wealthy individuals and sional traders hought stocks for a turn” on the opening decline, with the result that = sharp quickly under way as soon as the necessitous liquidation had been completed. Steel common, Westinghouse Electric, General Motors, General Electric, American Telephone, Pack- ard and scores of other leading in- dustrials and rails quickly ralied 1 to & points from l||(“!!' opening levels. Brok leadir Early houses in- Ready Al brokerage structed their employes to report for | an hour or more earlier than usual this morning. Phone exchanges were swamped with cal of customers ring orders and of brokers calling for instructions and demanding margin on weakened speculative ac- counts. So great was the rush to sell that ecialists were compelled to accept “stop loss” orders, many refuse to particularly on odd lots. In the case | of the highly speculative is: opening orders were “bunched exceuted in block, seve these running 5,000 to Practically list breaks 1S one al of from the entire curb swept occurring in the re- cent leaders in the utility group. Eleteric Investors opencd at 253 oft 251-4 points and Elecctric & Share at 1327. oft S. Middle West utilities, one of the stocks that started the selling early in the weck, dropped 26, American Light & Tr: tion 91, Central Convertible preferred 9 and can Super-Power 5%. Increases Coincide The rise in the rediscount coincided with an incre ers’ loans by federal reserve x- change widest Ameri- banks (Continued on Page 19.) TAX REFUND SOUGHT BY ALLEN CREDITORS history of taking terrific losses | hecause of the overnight withdrawar | profes- | rally was | | and | 25,000 | Bond | Slectrts | rate | se in brok- | w5 I;‘J r; < Continues in Trial Today ILLUSTRATES CAR FIGHT| ‘ Veterinarian Insists Prosecutor Slapped His Face While Exhort- ing Him to Confess—Denies He Lless (ross Examination NEW BRITAIN DAILY HERALD, FRIDAY, AUGUS! T 9, 1929.—TWEN NTY-EIGHT PAGES PRICE THREE CENTS Secks Speed Crown ) OIL TANKER BLAST | 1L———-—H " h00KS NEW YORK; | [ DEAD, I MISSING ‘Speotacular Fire Follows asf Blazing Spreads on Har- | bor's Waters KD B | Tuss Tow vESSEL 10 " BRODKLYN MUD.FLATS Flames Feed on Cargo, But Do Lit- tle Damage to Boat—Dead Man < Blown 200 Feet from Craft into | —Associated Press Photo Licut. Alford J. Williams, navy speed ace, will pilot the new mys | tery seaplanc built by the navy for Schneider cup races Ia September. River—spark Blamed for lx])lm slon—125,000 Barrels of ()1[ Aboard When Accident Occurred. Admitted Slashing Girl, ‘ Court TRoom. Columbus, Ohio, A 9 (P—Undce e - | Hectic | *'® nder the lash of a r lentless cross examination, Dr. James H. Snook again today tooi | ‘lhr jury in his first degree murde |trial through the intimate and tragic details of his last tryst with Theora | Hix, the medic June 13. Demands Many Details Prosecutor John J. Chester, wio co-cd he slew last | started the cross examination picked late | yesterday, it up | opening of court today and soon had the former Ohio State professor deep n the story on the fatal night with . Ches- |ter account told y \ammnuon and | the role of at one Theora time assumed | | the jury just what happened at th |time of the killing and immediataly | before. Dr. $nook repeated his he reca {the fact denial that led cutting the girl's throat, upon which the state de pends to substantiate its charge of premeditation which is necessary for a first degree murder conviction. Chester charged Sr.ook with hav- that preceded his arrest that he had cut the girl's throat “to relieve her suffering” after he had beaten head with a hammer. Says Prosccutors Liars Snook denied it and Chester re- ! plied: “Then if we say liars.” “Yes, you sponded . Chester, in his cross-examination followed closely to the questions put |to Snook while he was being held | ror examination. He made |tempt to bhase his examination di- rectly on Snook's confession as such (Continued on you did, we arc are,” Dr. Snook re- 19.) Page 'TWO BANK EMPLOYES Branch Workers Alleged to Have Planned $100,000 Haul downwara, | New York | ployes of the Aug. 9 (P—Two em- branch of the Bank of United States were arrested a to- ¢ charged ‘(hl ft of the bank. The men Joseph V. New York former manager | Columbus avenue branch and August | 0. siegmann, Harrison, N. Y., pay- ing teller in the Columbus branch. | rhe two men cashed then counts with conspiring in the more than $100,000 from are Price, of of the officials said, | checks for fictitious depositor: | changed the figure in the a | ot large depositors to cover up the | money appropriated, a different |large account being used, month to cover the defalcations dur- ing that period. They had been op- erating the scheme over two yea ‘ll was said. the | | demanded an claboration of the | sterday in direct ex- | Hix while ho| rally [and the defendant demonstrated to | ference af the Tague foday stated | ing admitted during the questioning | her | no at- | .~ FAGE THEFT CHARGE | cach | New sion York, Aug. 9 ¢P— aboard the Rockefeller An explo- nt ol today rocked and caused the and injury man was missing. l (an]\u William York ENGLISH MAY QUIT '+ DEBT CONFERENCE .. .. | John Ward, a deck watchman, was killed in the blast and his body | was found 200 feet out in the \u—i ter from the Ba) N. J., pier| the vessél was being unload- | cd of a cargo of crude oil. | Spectacular Fire Follows spectacular fire followed the | explosion. As the fire started a tug| | pulled the ship from the pier | with the help of the other tugs and two fircboats, which maneuvered | through a miniature sea of flaming | il, the tanker was beached on the | sist on Text of Young Plan With- | Brooklyn shore in the lower bay. | Officials of the Standard Oil com- | pany of New Jersey, owner of the {tanker, said the ship was not bad- {ly damaged, the flames :\\dcml)i correspondent of ‘the reparation con- | having fed chiefly on the cargo. | harbor death of one man \Snowden Reported Ready to Wlthdraw Next Monday | ASKS REPLY TOMORROW Stand Probably \ onnc, | where A Firm Will Mean | split at Hague—Other Nations In- | | out Changes. London, Aug. 9 (A—The Reuter's The explosion reliable |Island, lower Manhattan chan- along the New Jersey was felt in Staten and il | waterfront. the blast he had been informed .in |quarters that Philip Snowden |cellor of the exchequer, pre- | No definite cause for I pared to leave the Hague next Mon- | established, although Standard Oil | day unless he obtains a satisfactors | officials believed it was caused by | [reply tomorrow to his demand for | o spark igniting fumes of some of | {“protection of ~the British tax-|the cargo. payer."” 125,000 Barrels Aboard It was regarded as certain that the| rpe Willlam * Rockefeller had financial committee of the confer-| i on on its cargo at Baton Rouge. | ence would cither tomorrow OF |y, from where it arrived yester- | soon after, reject the resolution of | g,y \when the explosion occurred | Philip Snowden, head of the m-nfl“,,v”(,” andle ool sainad| |ish delegation, for a subcommittee to | abaard 2 i revise the Young reparation plan. | ° 0 % el | In the three days just past, Mrs. 4 5 SldsiievaonLe & 3 | pany, carried a crew of between 30 | | Snowden, ‘who is chancellor of the |exchequag in the new British labor government, has affirmed so posi- |tively his government's intention not | to accept a lessened share in the His- tribution of German reparations that recession from his stand was consid- |ered highly improbable. | The attitude of the other nations | concerned, notably France, Ttaly and Relgium. was just as firm in the op- | posite direction. These nations held |the Young plan should be accepted | | without. alteration, as it stands now. that while not perfect it represened the best possible arrangement under th circumstances. Seek to Save Conference { Meanwhile members of the other | delegations considered haw to keep |ing from forward the conference alive without the|as the big oil presence of the British. It was pos- onto the mud. sible, it was said, for the remainder of the governments, to go ahead | P“LIEE [;HIEF KILLED BY COUNTY OF The principal objection to this ar- ! without Great Britain, effecting a separate agreement with Germany rangement was that it was not (m\—‘ | ciliatory and that while it settled was | members of the crew was not im- | mediately ascertained, but it was believed several of them, if not all the unaccounted for, were ashore. | Chester Smith. general manager | of the Standard Oil plant at Ba onne, said that workmen were pumping the oil off at the time of the blast. None of FEight Dyin, the Staten Island hospital, | cight of the injured were | it said that none was serious condition. tanker, when towed flats, off Brooklyn, At where taken, in The Hook was Red | and | to and carrier amidships was pushed | land leaving Great Britain to do the | |Elmwood Park Official, Drunk in Roadhouse, | In Chelsea Blaze Shot Today Chelsea, Mass., Aug. 9 (A—Tive firemen were injured, and damage | | estimated at $17,000 resulted from a| Chicago, Aug. 0 (@ — € hief of | fire which destroyed two buildings | Police Theodore Schutte, of | | licre today. Elmwood Park, a suburb, was The fire started in {wo-story [shot and Kkilled early today by wooden building used for waste |county highway police who had paper storage. Aid was summoned | heen summoned to suppress a dis | frora Everett and Revere when the |turbance in a roadhouse s the |fire threatened a nearby gasoline, street from their station. Schutte, | filling station. Ipolice reported, was drunk and | Four firemen fell the roof|(hreatened the highway police of the paper storage struck by a stream of water. Two | |of them were treated at the Chelsea | Memorial hospital and allowed to r: |turn to duty. Another fireman was severely cut by glass. (Continued on Page Five Firemen Hurt 1l a from Eight policemen from the Mor- | |ton Grove station answered the riot all from the Sans Souci roadhouse. | |They found a scorc of men and | | women guests huddled in one end a Will Petition (,memment for Money Paid by Bankrupt Creditors of the William H. Allen Co., Inc, and of William H. individually, petition the gov- ernment for a refund of a part of the by Mr. Allen while was alleged to difficulties | The | creditors’ Allen, will tax income paid his company b was have and en in financial not making profits. ording to the A preliminary by a Hartford of $300 1t is alleged that is now bankrupt, when in reality he wuas not re profit from the company's The creditors feel that (Imost impossible the government they could not show hy a systematic audit how the Allen company was situated financially and therefore asked and received permission from Referee in Bankruptcy Saul Ber- man to allow the audit. petition, attorney, E hased made cost ward Mag, will be on a audit be- company is Mr. Allen paid mcome wha taxes eive husiness. would be lect from it to col- | P. &F Corbin Hardware Chosen | For Biggest An order for hardware which compares favorably with some of the | a New time i & F | largest orders received | Britain factory for a long | that just reccived by the P. | Corbin plant for all the |for the mnew Merchandise | building in Chicago The Merchandise Mart, which fs | being built over the Chicago and | Northwestern railway between Wells and Orleans streets, will be the largest building in the world and will be the first building to | erected wholly in air rights. will face fhe North Bank along the Chicago river and will command an unobstructed view of the Wacker Drive and loop dis trict.© The floor area will he more than four million square feet or ap- | proximately a2 acres. Permanent | The Merchandise a comprehensive permanent ex: position of manufacturers’ within a night's journey and four hours by airplane of a territory em- bracing 47 per cent of the coun- by Mart It position Mart will house hardware | be | G| drive wares | | of the dining room. A second after they entered, {liee said, Schutte, carrying a \m his hand. stepped from a |room. He raised the weapon to- | | wards. the highway policemen, but | volley of shots felled him before | | he coula fire. w William Lescun, 70 per cent of its|roadhouse, told police whole' sale trade and 65 per cent of | frequently had come to the place | its retail outlets. |drunk and created disturbances. | Tts purpose will reduce | This morning, he declared, Schutte | manufacturers' selling costs, Show [jaq fired a bullet into the floor, | extensive - displays of the newest|after herding the patrons in one | | merchandise and emphasize hither-|ond of the room. to uncqualled facilities for economi- cal buying. 1t is planned to bring the retail dealer more frequently to| Tondon, Aug. o P—Lt, Co markets and relieve manufacturers | jer H. P. Oram, commanding from much trunk traveling and field | car of the submarine 1,12 cxpense. time of 1ts «ollision with tie arket on Each Floor on July 9 resulting in loss of iach floor will comprise a com- | more than a scorc of lives, today plete market. in itself. Stores and | was found not guilty of negligence \ display rooms will line each side of | and acquitted by a court martial. an immense tile and marble corri-| The two British submersibles col- dor on each of the 18 floors. |lided in St. George's channel and | | The bullding will be completed in|the H-47 sank in 270 feel of {1930, Because of the fact that each - salesroom will be designed to suit the tenant, it is impossible at this |time for anyenc connected with the | American Hardware corporation or |the P. & ¥. Corbin branch to esti- | mate the probable value of the order, but it is said it will involve a tremendous sum, po- pistol side Building In World : | try’s population, owner of the that Schutte be to COMMANDER ACQUITTED man- offi- | the H-47 the HIGH TIDES—AUG. 10 | New London 1:37 a.m. New Haven 2:28 am., [ym, ‘hnlr‘l. | they | ing of the building when | when they entered the place. | s | the Ice Cream Famine to Face Chicago Citizens Chicago, Aug. 9 (#) — An cream “famine” faced Chic day. The strike voted last by the ice cream workers' union was to start today and un some settlement was reached im- mediately it seened probable that there would be a shortage over the week-end Although previously planned to wait until hot weather should create a larger demand for their product, union officials decided not to wait any longer and the 450 union members in factorics were instructed not to 80 to work teday. The moderate- ly warm temperatures of the last few cted to con- tinue. GRAVE DIGGER DIES IN STRIKE RIOTING Bus Load of Non-Union Help, Char ged in New York w POLICE HOLD ASSAILANT | Foreman ice to- eck Began Hurling Still Pile Up as Emergeney Help Buries Them in Trenches, Aug. 9 (P —One ad when a New York, man crowd of striking graye load diggers charged a bus near the today . of Brook- of strike breakers Calvary cemetery Za one of the Queens, Stanley adzdniski, strikers, was the man Police said he was shot by Philip Nunziato, a foreman of the Calvary cemétery, who was on the bus with the strike breakers. Nunziato fired into the crowd of strikers when started hurling bricks and oneés at the bus as it neared the cometery. Nunziato was taken fo the New- town police station. No charge was placed against him pending investi- | gation, Between 600 and volved in the strike at the Cal cemetery. TFirst the grave diggers walked out and they were followed by members of the funeral drivers’ union. The strike has been in effect shortage has forced cemetery offi- | and 40 men. The fate of the other | cials to place caskets, which average | about 25 a day, into long shallow ditches pending the end of the i strike when they can be moved into family burial plots. rike demands are recognition of the union and an increase of about 182 a day in FEARS fiR!]WIN[i FOR 3 SWISS AVIATORS beached, could still be seen burn- | No Word Received From |,.n char, Plane Headed for Portugal P wiss Bourget, France, Aug. 9 Tears for the safety of thre aviators who left here yesterday ernoon for Lishon on the first leg of a transatlantic flight to New York were felt among officials at the air- field today. Pilot Kae and Mechanic been flying onl Navigator Luscher, since 1 planned | to dare the difficult westward cross- Atlantic despite their few s of experience in flying Nothing has been heard of them since they left late yesterday after- hoon for Lisbon, which the have reached early this morning. No I“rench radio station reported their passage or landing, and it was y learned from Madrid that they had | not been reported at Lishon. here umed they 1 ome small town for fuel or perhaps had been forced down in a place without adequate communication facilities. Officials stopped in Berne, Switzerland. Aug. The three Swiss aviators who left Te Bourget flying field yesterday for | Lishon on the first leg of a transat- lantic flight to New York are young in vea as well as in experience, Oscar Kacser, pilot of the Farman airplane in which the trio will try to oss the Atlantic from east to west, 3 rs old. He was hreveted a pilot in 1926 at the Alfred Comte school in Zurich and has done a good | deal of flying since 1927. In 1928 he | flew to India with Lieut. Tmhof of the Swiss air service \as relief pilot. Kurt Luescher who is financing transatlantic flight and acting as mechanic, is only 20 years old has no brevet. He is a graduate of the Airplane Construction section of the Zurich Polytechnic school and recently studied at the pilot school. Alfred Tschopp. navigator and mechanic, is an expert mechanic at- ched to the Gnome-Rhone Motor factory in Paris. The Farman plane is cquipped with Gnome-Rhone motors. | THE WEATHER s | Britain and viciity: | Showers tonight: Saturday partly cloudy. not much change in temperature, New Insists Former Employes | Bricks—Caskets | 700 men are In- | | for i nearly a week and the grave diggers | aft- | Tschopp | who have v should | 9.—P— | nd | ZEPPELIN NEARS EUROPEAN SHORE; MAY LAND IN GERMANY SATURDAY; FOG BANKS ONLY WEATHER HAZARD GRAB GRAF’S WOULD- BE STOWAWAY Exact Course in Some Doubt - Eckener Ra- dios He Will Not Fly Over Berlin Sunday, Naticnal Holiday, Be-' cause of Progress. Message Indicates Airship Either Turned Back for Time to Avoid Storm or Words Were Garbled— Route May Take Craft Over Northern France. pelin, on the c world gird- an half way' today en route to | was more t exact course was in doubt, but from all in- med likely to reach The acri | ota Mor 1 stowaway s Roth, of Trenton, Just before it left Lakchurst, sailors, standing a “stowaway boy's bright red sweater on a pictured above mighty hteen-year- Zeppelin poor these days. | N. sd (o hide on’ the G N. its a1 trip to Germany. But watch” over o dirigible, espied the e 1 him down. Roth is in the custes ACTORS BEATEN IN - EDAST GUARDS AND DISPUTE ON UNION ~ RUM CREW HIGHT Frauk Goddard Perhaps Fatally ‘Spectacular Pistol Battle in | 3 Injured in Assalh \ Dem, River Today \COMPANION AL%O HURT LIQLOR RUNNERS ESCAPE r home port late rday or Sun- lay morning Dr. Eckener, in a message regret- ting his inability t ofly over Berlin unday, informed the ministry of; communications he hoped to reach Irichsha on Saturday. two ges on the ! 2 and 3 o'clock this mornin n standard time, indicated that the ship had swung in; direction and had bhetween and 40 en latest tion at east northwesterly wn westward we 30 Believe Message Wrong At Friedrichshafen it was thought hat Dr. Iickener either was avoid- local storm or that the ges e misinterpreted as eived pointed” are mes e everything thus far re toward a good fast voyage. While conditions generally were favorable, weather reports indicated fog ban’ ahead and unfavorable winds between the Azores and Spain. Zeppelin officials believed that the Graf, instead of swinging as far sears | Morth London, w ou!d head str oss northern nee in order reach Friedrichshafen by the shortest route. ualtios, t Second Outbreak of Viclence 1n Ofiic Hails Boat and is Greeted | Movie—Equity Quarrel Canses| By Pistol Ba Bullet Emergency Operation ta sas Guardsman’s Neek—No Other Cas- to of Victim, = o5 Approaching English Coast London. Aug. 9 (P)—A message that 1rank d rum rur . spee- | received at Crydon, London's airport, e today (4 a. m. E. 8. T.) t the dirigible Graf Zep- ipproaching the sEnglish Los Angeles, Aug learned this morning Goddard, actor and hoxer 3 p.m acked and seriously his comy badly be ion, 1ten near the motion picture ged attacked after { Actor's Equity Emergency Operation oddard was taken where he underwent operation in what authorities sa was an attempt to save his life, Po- lice said he had been kicked in th stomach. Deck said Goddard his assistance tacked him. He declared t followed his and Goddard’s refi to listen to demands that they quity Licut. William H lice intelligence bureau reported th he had the names and the men suspected of tack This was the sccond ¢ lence that has been attribt differences hetween a officials and film produ Equity's attempt tablis shop in the motion pictu Destroyed Films Several weeks service men dragged cused of from an obi several hundred fect of studio yesterday that refu had to join gzlo ving its position iropean time at 42.20 north 40.40 west longitude. exT were quick ports of position ppelin at an in- appeared to in- huge airship was Performed | o to al 1. M. 3. 8. T.) tude and Aviation s here note that the re by the Graf Z o hour that the westward st position placed her at 40 west longitude at 8 a. m., mid-Euro- ile the second position, placed her at 40.40: ly 34 miles west an eme 1o shore nen in had cor to halt six me pproxima 1ddre 23.) DURANT ANSWERS IN ATTACK ON AGTIONS Trinder Brought Into Mrs. Lewis’ Criticism of Legislator (Continued on Pa of v : o the Heath Is Arrested in Detroit Station Today tre Aug () M rd o nds a g ) ox- t helieved ’ ath in fay, wa Central s union ove to ¢ Joh cmploy two of th being auto rrested station hy mo s Heath rney’s films found | stepped from a Chicago trai Boy BRE er Rudes F@l § Hou , { To Set New Cu“y Endurance Record o ‘ Helen t L nade of the ques s Durant — Senator, irman of the jon commits, for his at- e trade school ral school sy i for his opposi the school codifie replied to Mrs, Stratford, house cemmittee, who ¢k in the summer issue Voters” Bulletin pub- Connecticut League of to s from t1 the on to pas tempt n m of syst today of the wis the at Womer shed by the Women Vote Senator Durant ct as the “Man I cation Commissioner A in opponent of the trade proponent of the ring | feation bill con- |y Larry Frederick an endurance New on rode 13 hours at m. and | » | bicyc | | vesterday for 9 a m He record ride 1 Mrsg ay” of Edus B. Meredith,! schiool bill school codis for a ven to him friey il yed Tor 1712 seconds, nulski pedalled for enue, up and down street, up and do Spring up and down Elm st and down La Main street traffic win the Now bicycle enduran 1 | His record breaking started at 15 and ended 3:17:17 1 afternoon. Billy would have | longer and much furth | two things—it was t or him ¢ s d come to the Herald and get his|up and down papers and his “flying milk wagon.” | the record Walter Conner, pulled off his | bieyele because Walter had business | cight hours, two m old Billy up and down water glas Sputt Bill ind year H Wints and LEs t Mrs. Lew e her ences with the wnizatior That Billy tr Twenty ee 1mnions fiicod and drink dur ' started | ing th enty e thusly rious intery nts difer= 1 state ors Durant, to organiz Mrs. Lewis tin said opposed to v ticle in the Senator Durant ol codification, bill which 1 ed six years of vork for development and perfaction becanse the education committee had leclined to draw up and offer a rade school separation bill “The bill, affer six years o work by a commission of nine pers ppointed by the legislature of for I ri ended ken at v hat the requ “flight nts, which thr Is. 15 That sel Thursday mornin for ' | much pt for hanically during the last hour ation, his leg s he sought to hetter few days Dy mons! moved codd set a 120 sons, him (Centinude on Page 21.) (Continued on Page 19.)