New Britain Herald Newspaper, October 29, 1929, Page 2

2 NEW BRITAIN DAILY HERALD, TUESDAY, OCTOBER 29, 1929 sin not to at- r schedule pr \:,U:m. d the Wi {tempt o RESCUED A5~ 172 STEAMER SINKS = 34 aft seeking shelter > blow. U. B. Pat. Of) the Wisconsin se was sinkin last word ron it was being aban- coast guard | 1“‘; |th | S B d Frem First Page) I S 3003 appa | Electric Bond & Share Co. Grundy. Bnacsaunted dor : 2 change ir s | Wall street operators expressed | The witness then read his resolu-| d ; TscucdiaienyRerlyed LT captain and 11 |the opinion that the slump in stock 1t advocated a “general revi- _ Cambridge, Mass., Oct. 29 (P) — Several p orought f k cided to re- | | prices would not affect business of tarift Recent mystifying advertisements 1n savers we sinking ship. | | generally, but predicted that the “Who did you send the resolution the Harvard Lampoon and Harvard artly to "“" | condition of the market might to the platform committee | Crimson, undergraduate publications, the | reflected in 4 slowing up of the pur- Borah pursued. have folks here guessing and maybe would ?H\"J | chase of luxuries. “By our representative on the telephoning. v | here is speculation whether auto- committee,” he answered. In answer to ‘sm‘h aucstions fasi S speculation that | mobile stocks can maintain their g nator Va “When an examination is over, do 1y have struck the | A FOUR-HEADED KITTEN | present divicend rate, which is based 6 you feel at a los and “Do you ferry Milw 1S OWNED BY ROSE MALICK lon prices to ykld between & and 10 wouldn't go that far yet, I|mix freely with o fellow o 3 his naustol Wldsay senatosse 2 (Homo Sapicns), and is so, what per cent, whiz good industrial would say scnator-elect Var | 1 Palo Allo | stocks are selling e a yield bases of t steps have you taken to do you mix with him?" < carry out the farm schedules?” con-| Th rtisement in the D was abandoned | 111) fve b Rebuilt in 1916 e Wisconsin has been owned by for pas was rebulit boat ews went to the steel ves- | of 1921 gross boat has long been of the most sea- out to t lio@ | of | sa THe MORE SARDINES PACKED INA CAN — THE GREATER THE PROFIT To THE PACKER (Te o1l 15 move costly {han the f1sh) e | considered im- | worthy on Great La ich officials said, was the only | at of her kind to out-weather last Tuesday's gale n D. H. Morrison, of Chi- er of to apy ue’ boat possit one r the attempt. Five were launched were picked up boats. |in Man Gets Broken Leg Fred Triber, lookout for the Wis- consin, suffered a broken leg and | arm when hg crust cnter- ing a lifebont. He 8 into the water and was pulled aboard coast g boat by Quarter John R r and A. Watson, the i The pany's lak as an army hos- pital ship during the World war. | The steamer was £50 feet long, with | a crew of ap- ly 60 men, E. E.' Taylor, odrich Lines said, v of whom wers aking their voyage on he |81 h gul o S e (On request, sent with stamped, ad- I i 1se the harbor l R N drensed . Mr. Ripley will furnish owns 64,000 choked with coal boats proot of thing depicted by him). Telephone & Telegraph which lost and carpet rates were given in the | : points. | | & 4| Fisher Brothers Lose Said He Assisted in Platform !N flfl“.EfiE PAPER son Will ilr,w than 5 per cer fuse to disc |and that they | were standing aside waiting for the | market to hit the bottom before buy- accounted for $10,000,000,000 with the rest distributed exchange e ice dropped $300 a share. It was Borah asked for a list of particu- 6 9y oted at about $6,000. He also lar items in which he was interest wres of American | ed. He replied increases in pig iron ' schedules he was interested in. “You said you drew a platform at | City,” he continued. Qthers who took huge paper losses ere Fisher Brothers Detroit; Ar-| Ka ur W. Cutten of Chicago: John J “1 said I presented a tariff resolu- Text Hlms flt qumd Ren\esh_ kob, Willlam C. Durant, Harri- tion to the Pennsylvania delegation public utilities mag- which was adopted and re n-‘;(v]h“‘n:‘ H]GH[—PhOHE Numbers Gi‘.’efl A Mitchel, head of the the platform committee,” mo issue of the Lampoon I have talked with senators.” 1¢ with “Well, we can give “With whom?" vou onc good answer. When vy Wi e and with the know it, you can easily spend §10 to 5 right at home and never miss Another phase of the situation tinued Borah. ch is being watcied closely e effect of the depession on i stment trusts which Liwe place of senator from Oregon.” SWe h your collea twoen two and three \illion {dollars worth of securl, in ( v persisted that “T am inter- it.” arket during the past year arrying out the entire u The advertisement co Hcads of these organ ons 1 platform.’ loan and mortgage game; fun favor of placing the for your friends; stocks mow in li- n’* A name and telephon placed at t bottom are i on an economic equa with industry.” num! Platform Again of the page. am in favor of enacting the re-| A quarter of a page of the Crim- ican platform.” vesterday carried a similar ap- “Are you in favor of equalizing the “Stocks and bonds, mortgages.” telephone numbers corresponded s the sit the managers of the larger ones id they were in liquid y nad bought some stock the decline, but for the most part if dutics Jees e Go ke, S Dl protection he needs to keep tisement. among ‘)‘ol.(m!:?vr;l;at! ‘Ir:.lv1 ! n;‘ d &ner outs? Astonishment at the appe o e Chairman way Senator such matter was express SR . Walsh, democ Mo inter- gent of the univ { ustrial Alcohol 1-2 Ot the estimated paper loss of 4,000,000 the New York mark ist that Grundy give Luce. H d he did not know w action would be taken by collegr d ns “Don't talk committee when you are asked about 70 BE DISSGLVED sout cement to this authorities among other over the country Caraway put n, ster Man Guilty | Of Murdering Baby RUNDY TESTIFIES Worces a 43.6 foot beam and 17 foot draf ‘ , She was a c ation passenger | ¢ ~ ENCE| Nashua, H. Oct. 29 (P—EI- S i it e e ving ween | (Contased Trom Pt Page 7 s oot it . 0 Waricier e PUIDOSES OF Aeronautical Work Milwaukee and Chicago, i L // 5 y ilty in superior " ichad o 0 e 4 T i e THE VILLAGE of MANY FINGERS / AGE of muracs e Already Accomplished Many Men Missing nd the oificers and directors. 2 second degree. He was sentenced to Kenosha, Wis., Oct. 28 (P)—The | In the nave of the chapel, which THe ENTIRE POPULATION OF CERVERA DE BUITRAGO, Spain, TS ! _— 10 to prison. 3 veter: e steamer Wis in sa he warden built 4 e % s ot, 29 —The Dan- the Kenosha s € n 4 i ) i state un 0- s O when a c of being an acces 1 £ 2 i ks today with he :v'r';f':m“(::i“ntf | merrow morning, when it will be re- NOBODY HAS LESS THAN & ON EACH HAND, { J 1921 Nhteresta i barmen sory before the fact was nolled. fog gt jaenonsuucs. u"w"vf.‘u,‘”‘;E"’v"F; ) to 17 men m ey moved for shipment to Lebanon, N. Re g 1728 iag Feblares Sradicate oo Grest BFAaia s emorned “Just generally. I wanted to sece| The Clarks were charged with the ' ed approx y $5,000, aic lieved to have gone down with the [H. where he was born 63 years ago. . o adualizatlon T wanie ilto laco that | Ochf Ronk TUne¥s ol indl iy il ofasalteratthaayslopment Sy Tk o Rd e ship. Three score § were | An honorary guard of officers will the farmer got what was coming to 50 The prosecution said Clark had of{-,uhfo1(‘”[(;:&::\)\.-]1:“ was flier | taken off the ship by Two of three passengers jstand watch. After the services the > |prisoners had the freedom of the| saved. C. H, Sjostrand of Eckelson, |prison yard. The prisoners in po N. D.. the third passenger, was miss- |ing their respects to thelr departed | ing and survivors believed him to|warden, recalled he never called be the man who made a flying leap them ‘“convic but always “in- from the foundering ship to a life mates boat, missed d went down. | TOMORROW—A G OVERNOR AT 19 hi | & Clark; C. J. Bennett, president n[l‘:-:rlhh- Schubert kept up the search | session. of Stanley Works; J. B. Comstock, |until 3 o'clock this morning and was | 8,378,800 In Two Hours in jadvertising manager for P. & I.!very high in his praise today of the| Total stock sales in the first two | | Corbin; Carl $. Neumann, presidc diligent work of the New Britain of- ! hours were 8,378,500 shares with the th fof the Union Manufacturing Co.; | ficers. Frawley gave Constable Schu- | ticker running 45 minutes behind W Private Services Held Part of Crew is Saved | The prison chapel services were!Ol 1he U I : The others rescued by coast guard |preceded by private funeral serv-' v or L0y nt of the bert a description of the men. at noon. i board ?" the General ers of the train crew and one ch it undertook at i crews from 1 Kenosha |ices at the warden's home on the ! BCrlin €O ‘onstable Schubert and the New | ere| declines alsojtook place inil oLy of CGlocester FMas rassenger were hurt today in the incepti been compl bers of the crew {prison grounds attended ner, che in poli number of St which cd about the campaign of the of a southbound Alabama & Colonel Ct Lindbergh were mer only _ | rectors > to make an " nake a counter. Eight life rafts and rs of the family and the offi- | : “over the ¢ i T lergym. 3 I nt r = liteboats were still on clergyman Grorge A, z = First Natlonal bank stock dropped g4, of the p was seen to of Wether: = = 13300 are, being quoted at $6 boat roiled heavily on its The casket then was 1 settled beneath th es. carried to the chapel by the six in- | ave been left on |mates and placed in the nave. The Two Suspects Released 00 bid and $6,700 offered. icer L. . Harper met a 14. F. Bake an chairman of the g who lives in Plainville board, is understood to hold 22.- (4 way , vete England Iph H Those known to Heraoy B the Wisconsin when the last boat |chapel services were conducted by ool he hamber 5 4 ks S e i e e R e e e SR P Josep Wuichet, 2nd @ 24-year-old companion who 000 shares of this stock so that his p Rl 3 S 5 £ nize g lives in this city near West Main overnight loss in paper profits in to retary o necticy acturers' association; al Morrison, Chi- | field, Protestant prison chaplain, s Busch- | were: Captain Do cago; Chief Engineer uda ’)v-l Rev, George Grady, Catholic chap- njann, Manitawoe, Wis.; Chiet Mate lain, and Rabbl Abraham J. Feld- Bdward Halverson, Chicago; Purser |man, Jewisr chaplain, spoke in trib- Harvey Lyons, Milwaukee; Stowart ute to M ott. Tomorrow morn- Ton Lange, Chicago: Quartermaster ing members of the family will ac- street and Corbin avenue early this this issue alone runs over $6,000,- ag Arno Schubert, assistant sales man- Morning and brought them to the 000. Mr. Baker is also reputed to ager of the New Britain Machine police station for questioning. They hold more than 60,000 shares of at Co. M ille, Johnson, s ant said that they had been in a Broad American Telephone, which drop- general manager of the Rus & street lunch room and werc walking ped $34 a share yesterday and $12 Erwin Co.; Carlisle Baldwi to Plainville, not having any knowl=" more today, or a shrinkage in the | SRR s oy s o G v, cdge whatever of the hold-up. The'quoted values of his holdings of | e e |Corp.: Attorney Leo Gaffne police relcased them after checking that issue of mearly $8,000,000. Na- T e e R o R Ive Fynactiontve o Mistamt te's Attorney Donald | up on their story and finding it true. tional City bank stock dropped $47 | ; I Chase Nationnl $20, | ——— a share, Equitable $10, Central 1815, Corn Exchange $47 and Manu- nosha and Racine coast guards push- | delegation of Lebanon Masons, in- | Gaffney: James Robinson, chairman ed again into 30 foot waves |vited to do 5o by the Wethersfield ' Of the board of dircetors of Hart & in the fragile hope that the last lodge, will meet the train and escort, C00lcy; Stanley T. . president the casket and its accompanying ANd treasurer of G 1 euw remnant of the crew might have es- S facturers Trust $15. caped on the rafts before the Wis- party to Lehanon, where burial will €o-: H. 1. Hill, purcha First Casualty Listed i sing agent | e R s for North & Judd. | The first casualty of the break fon included in the market was the firm of in the! Scott was well known in New| The visitors’ dele, 1 hire for his numerous activi- | £arl Whithorne, vice president of John J. Bell & Co., which was sus- tics there. He was for many years|the McGraw Hill Publishing Co.: H pended from the New York curb New Eng- | exchange for faflure to meect its en- warden of New Hampshire state S- Knowlton of Boston. Hanover | last of [prisontatt Gonara: land editor of the Electrical Word e Eeante: 1 TR | George S. Brady, managing editor of ——— I Tohn 3. Bell, head of the firm, the American Machinist; John M. (Continued From First Page) was admitted to the New York Carmody, president of the Society of | Industrial curb exchange on June 24, 1921, complete demoralization of the mar-| The total stock sales in the first | J. . Morgan & Co., announced half hour were 3,269,800 shares, or rtly after 11 a. m., that the firm, larger than any previous full hour's ssociation with other leading ' sales on record. W York banke had reduced | | margin requirements to only 25 per | lee, editorial di- |cent margin on their street demand | -Hill Publish- joans. Previous requirements rang- | any and sccretary of the ed as high as 40 per cent, so that n Institute of Ch he reduction will materially facili ew York: John ) ate the furge commission houses in ingineers and editor of | Te- | aeronantics and editor of “Aviation,” After et | New Y Ay, | Dr. H. €. Parn rector of the McGr {hat | INE cox Americ; Dougal H, Morri Favor Tnvestment Buying New York, Oct. 29 (F)—Leading bankers today belleved investment buying would salvage a demoralized | stock market, wrecked in a country- financing their requirements during | Wide cyclone of selling that swept irrent crisis by releasing a huge $14.000,000,000 away in quoted vs-Record, | volume of credit. valui formerly | Previous to the bankers’ an-, A stampede to unload sent stock r of federal radio commi: nouncement, . B. Keech & Co., one | brices crashing again yesterday in nd now editor of Radio Re- of the large commission houses, an- | the second market collapse within and Electrical Merchandising, | nounced that it had reduced the | four days. Total sales for the day ; Lawrence V. Burton, as- margin requirements of its custom- | of 9,212,800 shares were exceeded editor Food Industries, ers to 25 per cent. This is the first | only by the record of last Thursday York; A. H Hubbell in margin requirements when 12,894,600 shares were sold, > editor, Engince a e “hull” m started on| Although the volume was less, the New Yori r: : a few years ago, net losses were greater, many lead- s, an- | ing issues shrinking 10 to 60 points started | with closing prices nued From First F the visitors jonaires and » jokingly referred BT : only idle rich in | tler | council, Dost tor of Engineering Ne New York; O, H. Caldwe men d thro mo. 1 | sion Survivors Unconseious oci Mir A T editor, Chemical and Me- ant Kgical € Yor at the bottom. resont n L. Montga associs ) than usual. The ticker was two hours and 47 ire bullt on the Power, Ne York Employes were seen flocking into minutes late at the close. | Morrow, edit of Industriz officcs two hou before the & Bankers in Session We gal market opened, many of them h g had only a few lours' sleep The group of bankers who last k acted to stablize the market go; L. W. W. trical World, N W . o \ S e frer working far into the night to!met after the close yesterday in the d eltl i the] i up yesterday's ©,000,000 sharc offices of J. P. Morgan & Co. They Vot Hundreds of customers, | were Cha Mitchell, chairman and stock cer-|of the Natlonal City bank: Albert H. ficates to sweeten up their collat- wyiggin, chairman of the Chase Na- Iso were seen in . the large ‘tjonal bank; Willlam C. Potter, rage office: Telephone facil-| hrogident of the Guaranty Trust os of downtown exchanges, co.: Seward Prosser, chairman of were swamped with calls, |the Bankers' Trust Co. and Thomas U, S. Steel Common TFlutters W. Lamont, partner in J. P. Mor- | The nervous charac of the!zan & Co. | market is illustrated by the fluctua- |~ mpey jesued no formal statement tions of U. 8. Steel common, which | 4 ¢noxesman for the group said that i J,( DL "1'1 tragtionatly ]\"““r ”; 1855, | {mportant investment interests were A e ; raliied to 192, dropped to 181%. ro-| preparing to enter the market im.- s = L SRR mediately las Warge BuversRotiHIEh factories in Nex o3 o sl roar er I 50 O S and referred to | Despite the enormous volume of plieitbael oy merel @ = " ofihering to the plan announced | and progperity of Ne trac © ck did ! 2 N ; By SOLE N rading, the tickers did not fall asiy, "y yradny to help maintain an | r Servic New York; Hoston ‘I'ra Woo Worl Hall, « Coal A tha | 8! E tor of s Record, respond- | s of welcol vigiting edit 4 is reing due to Yank far behind as they did last Thur: y orderly market. At that time it was | A R Fromililnsbiace) Il aEgy Lo ‘d”':“ 3 ‘(’ stated unofficially that a $100,000,- n average volume of individual quota- | g€l ARSI (8L B 3 LGt m tions was much smaller. The N 1 Police Search Vieinity | York stock exchange ti fes now to asce of their efforts purpose. They said they had no in- tention of exerting any influence to r was 34 ntry of th Fra d rol- | curb ticker, G PET2- | jdea was a misconception. j ay \arp's corner, a rt dis- ! tion, was 47 minutes late. | With small investors and specu- the heon an in-|tance from White's corner, and tele- | A fresh wave of selling around | 1a¢ors driven out in last Thursday's the Worka and | phoned to the car starter, John A mi v. which carrled many of the | gehacle and previous declines, it was factories | lor Central park in Brit- | leaders $5 a share or more below | ihe big operators who were caught ant John C. Stadler of the | their opening quotations, indicated |in the avalanche yesterday. Many of in police was notified and | that the selling storm had not fully |the wealthlest men in the country \ber of officers 1o the | subsided, although it was apparent |took paper losses running into hun- | t Co. and president of | scene New Britain police, to- | that strenuous efforts were being | dreds of millions, { © of Commerce; George | gether with Constable George Schu- | made to maintain an orderly mar-| George F. Baker, chairman of the | the Ameri- | bert, investigated the roac ket, and prevent a repetition of the | First Natlonal bank, took a paper Corp.. Arthur G.[mountains in the viclnity but found | big drops between sales which occur- | loss of $8,600,000 on his 22,000 Kimball, president of Landers, Frary | no trace of the hold-up men. \,‘mu‘r«‘d in last Thursday's disheartening shares of First Natlonal when the rough was moving slowly norti 1f hour later the ed that wa \ the bilge pumps, but amer was making progress. steamer Illinols at that time limped into the harbor at with & broken rudder don C.|N resent ir of e Com- sresident lower t 4 had told him he would us 1C0TE gtick” jf ne caused the child’s death by striking = and president of the foundation its head against a wall, causing a e committee heard hriefly from hetmore Hodges, chairm: A I B A or s e o its inception by his father in Lol i o i | will leave New York shortly "Yes, you were interested in that o, |10 assume his new duties as ambas- S SR Fireman Dead, Three e ey i Before Grundy took the stand, Injured in Derailment 1t was said the fund is being ~ Oct, 29 (P— closed on the advice of the tr land, Ga d and officers who pointed out tha eman was k and two other sheri es lantic Coast s Co. for a 1, Hod a the presi- company, 1. W. Bryce “the big y to lineup th hing companies for a lower fish riff. Hodges said he did not know the engine, baggage car, two day heim, i under, would at Bryce's organization belonged coaches and a Pullman. additional donation of half the Connecticut Manufacturers', The ze car and one day lion dollars to schools and ociation. conc olished as they left leges including a donation of $160,- Grundy began testifying immedi- the hed into box cars 000 for a lighter-than-air school at ely afterwards. | some mid-western college. Southerr train a is tcchnical adviser to the fun left the enger had it nt of t id Daniel were d ils and c Jon a siding. Hartford, Conn. DIRECT WIRE FROM NEW BRIT Women and Misses --- Select Your NEW COAT From This Specialized Group at CALL 3500 All the New Silhouettes Luxuriously furred coats in the new ilhouettes of the current mode. Straight- line coats with clever seamings. Front and back flared coats. Modified princess coats In fact, every type of coat the smart wom- an might want. Developed of fine broad- [ | cloths and kashmir fabrics. Sizes 14 to 20 36 to 4814. Every Coat Is Richly Furred G. Fox & Co.— Coat Shop — Fifth Floor