Hutchinson News

October 29, 1929

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Issue date: Tuesday, October 29, 1929

Pages available: 16

Previous edition: Monday, October 28, 1929

Next edition: Wednesday, October 30, 1929

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Publication name: Hutchinson News

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Hutchinson News (Newspaper) - October 29, 1929, Hutchinson, Kansas mm wm soma vol mu, KUTCHINSOM, KANSAS, 'TUESDAY* OCtOBfeR 1% 1920 SIXTEEN PAGES. NO. iOU ALL TRADING RECORDS ARE AGAIN BROKEN list Thortda/i Mirk likely ' to Ba Eieeeded Several MilliMShmi. RALLY FOLLOWS BREAK End of Lrqaidatioa Scm � Many Istnet Tm Upward Fn*n Extreme Lows. iWift Producers and K. C Plants Agree to Truce y stanlev if. pitKJfosit Aseoelated pre** Financial Editor New York, Oct 29.-tip)-The flood of selling .which ha* wiped out at least SBbillion* of dollar* in the 'quoted value* of securities in tho lastweek, appeared to have passed ' In the New,, York securities market*1 J early this afternoon when a brisk' rally- followed another disastrous decline which had carried scores of Issues' down fl; to 170 a share, . i An, Indicated .turn-over.of 18,000, �, 000 share* ., was seen , in the an � nouncoment that total sales to 2.10 J>. M.- were 18,838,000 shares, with the, ticker 83 - minutes behind the market * - . - All Below Monday Levels. On^ the" rnld-afternoon rebound, prices ol leading, stocks''rallied |6 to tU a share; but Were still selling well below their dosing/ levels yesterday. Probably more than half of {he 1,000 Issues listed on the ex-ohaage were selling at new low lev-.els. far the year, current quotations IK' many . cases, representing less ' than' one-half of the values preva.ll-Ingres* ,than two .week* ago. : 'Leading-New York bankers again ,: met- in the offices of J. P. Morgan * Co, early this morning, but, no official announcement will be forthcoming -vnUl lata this evening, Spokesman for the bankers stated; however,.,thai, order* 'war* being plaoed by the banking,pool to a*-, sure an orderly market The bank- i era previously had reduced the mar. -.fib, r*e.^rjraienta, oq^traat demand o^rsto.aas* the flnsaolal burdens of broker* :and "release 'credit for. their lisa-X;'"? , > � , ' f Km Prtoe* Changed. : The'following tabie-indloata* the � low&UMk,'* reached; s around 13:80 o'dpckVfind showing the aharpraily up ..to1 �;�: o'clock,' and' the net changes at that time. morn u. s. .at�ti ____,. Atnn 'Telephone,::,, Staqdsni or N. J. , OeoetsJ Electrici I WmUwhoum kim..' ' S*r**h selling attack* in tha last hour which carried V,K Steel Common, down to $1�T-*, share and American Can to IU0.12K. were quickly repulsed, Steer quickly rallying to (ITS and American Can to*J20. -  , ; � . : It was apparent that concerted , efforts were being made by bank-. I�ig, insurance and industrial exeeu-.  tlye* .to lift the cloud of gloom which ha* hung like * pall ovsr  Wall Street for tha past w*ek., Directors of the, American Can company, moating this afternoon, declared, an extra1 dividend of SI ; -and increased' the annual rate' from W to 14. Director* of the United Steel Corporation-hold their regit* Oar Quarterly meeting after the close of tha market, making public , their earn|n'g* and taking dividend action at that time.' Wall Street , would not be aurpriwd to see special dividend action develop at tbl* meeting," u. 8, Steel Common pay* -annually on tot 'coumn �tock? ft" W1"! WtV�4 the final atratch, th* Newark' stock e*> Chang* �cksr ..;ww irunnljig, JH , hOMW,aji�|,tha curb tiqkii.r'nearly Kansas City, Oct �.-,for ;;some mointruj'lii* ileath ; can^. tmexpacted, di* wife alone of l.ls famllj* waa at bia.bedalde. The caupe of ,'deaUi . _ _wa�' a heart at- � AinwWw Can pm, q� IW| New off IT; Ana�r%a apelepHw* UQ*, The Westbfr ' Kansas; pgpw in noHhwest,  rain cfcanglog to mow In east and south portions tonight and tVednesday; cotder .tonight; freeitng te*m>entiire'over snoat of statej eolder Wedaeaday la eoathwe*t and ratreaoe east eor-Uon*, - � ' UkktsWMai Cloudy, probably rain, colder toalght aad Wed- Auocitlcd Preii Plane it the First to Take the Air at ' Albnqnerqw. 'Albuquerque, N. M., Oct. 29.- (�a*)-A blinding . snowstorm today halted aortal search for the Western Air Express1 passenger plane missing since yesterday morning in the mountainous New,, Mexico-Arizona border country with .five persons aboard. ' President Hooveito Attend Public Funeral Servicis for Senator Burton 29.-tJW&TBe iced tods* that Albuquerque, W. M., Oct 29.-(JP) -An aerial search was in progress today In western New Mexico and eastern Arizona for a missing Western Air Express trl-motored plane missing since yesterday morning with five persons on board. Early today planes took off from here to fly over the region into which the missing plane was head> Ing when last seen yesterday. Other planes were being held at Colorado airports because of unfavorable flyipg weather due to a storm which'last night swept the Rocky Mountain region. A.'IV Plane First Away, The first plane off this morning was a ship chartered.by the Associated Press and the Albuquerque Journal, which left here at 6:10 a. m., headed for Grants, N. M., and Gallup, N. M., points which served basis In the search for the wrecked- Transcontinental;:'Air Transport plane "City of Ban Francisco" which crashed on Mount Taylor-with loss of eight live* ly tat September, V '.vCt, IRadktaAvleaiCtD the-Weibl^Atr tnornlng^saidnci word had been r*. cslved of the missing, plane. The report said the,plane had last been definitely reported 45 mllee east' of Holbrook yesterday morning, At that time1 a- west-by-southwest wfnd which was said to have.reached * velocity of 65 miles an hour prevailed over at least part of the oute the transport was to take. Washington, Oct White House announced today ~ Presldent Ho6V*r Will atttHd.ifie public funeral services for the 'ate Senator Burton Of Ohio at thtf caM. tol tomorrow. i'JK The decision of the president'4b da this was in keeplhg with tw high respect in which he held, tip Ohio senator. ;i During Mr. Burton's Mines* tU chief executive called at hlshoug throe or four times, seeing,htm fir the last time just prior to M* Hoover's trip Into the middle. w*w last weelt. rv. V$ Kxpresslon of Sorrow. -,-Washington, Oct 20.-(*)-The senate today adopted a resolution, expressing its ."profound sorrow?; over the death of Senator Theodore E. Burton of Ohio and adjourned, after a three minute session out of respect for the deceased legislator,'^ Adjournment was taken until 3:18 p. m .tomorrow. Two resoliij, Uons were adopted during the brlcfa session, �  " ;4��� Ut*t Seen at Navajo, Albuquerque, N. M, Oct 89,-(*) Winter, cloalng a cold grip on Arlsona and New Mexico, today ob-�cured the fate of a Western Air Express liner' with, five' person* aboard.' The trl-motored plan*, with two passengers and a crew of three, left' the air line's western termlnua for Alhambra, a-l> aiftK.rw-Wn^liiT^'iJifii'T'"'^'*tlT'!Oner�tive*handlinir other to his duty and true to the tradi- tlon of the sea, remained aboard-; his ship to the lost and went down,;' with a score of shipmates. His body was picked up later by coast guard! ' crews. Chief Engineer Judas BuscUmann of Manitowoc, Wis., clung to a life. � raft as the steamer up-ended, rolled over and sank. Rescuers tried tt% operative* handling other commotU- *�h,.flr* chief, Minneapolis; P. M, ties would foster a similar move. > Rhodes, water and tfas department, The new grain corporation will Neodesha; D. A. Eddy, fireman, make use to tho groatcst extent pos- K"***"; Chas. E. Banker, city clerk, sible all existing farmer owned Salina; K. D. Doyle, clerk, Wamego; grain marketing facilities. The and �' B> �- Simpson, fireman, Wa- bpard said the organization would me*�- ' . have adequate capital and If given ' . ��w Button Award*, adequate support of farmer owned GoM button* and pins grain co-operative associations will handle annually in excess of 500,-000,000 bushels of all grains. Goncral and active management of the organization will be in the hands of a general manager, who, were awarded to: F. H. Hawkins, city clerk,'Columbus; A. W. Harteook, Arthur Hunt A. A. Kraus, Harry Souders, - all firemen of Eureka; E. H. Gentry, fireman, Garden City; Chas. Hulme, West Tea**; Cloudy, raw, oaUst tonight; Wednesday tpewljr, rala except U Mtrene West portion, coMer except la eatreaie weet portion.F . Temperature, noon-ea degrees, Mlrdraum t*mp�rature-50 - mm ye�t�rd�y-5? degree*, ti:iaiHMUMl�ilri fi ITrjiM tiity ciM^r. ..... iUa^M^Samiir dew. ' * ' Ok^&S&SW^w^' � !�, Kingman, Arte, at g;2t a,, m, mountain time.' The we*.VSf fP0'*! *hey said, was not available In thne to hold the plane at Kingman, V Those aboard w�r*; Dr, a. W. ffiuC nauooally ^1 , �ri., pet. mwt w**-' rolfCt� pjouart^Dalalftr,] leader, had , forming � cab,.. ftMal ol the *o�b. PaJacJ'.'tWa'9' President D�u Anrthtr Lagt Dediiuw JWtMtiM of Cra�fe (HI Tula*. Okie., Oct. �. - (.*) - Crude oil production ~ turned downward again last week, the nation's daily average output: registering decline of 43,18a, barrel* from the figure for, th* previous weeklwhlch had shown an upward trend, the Oil and Gas Journal says today, TqUl v estimated/ dally: average prdoucOon in th* week ended October 29 was placed *t 2,898,766 barrel* w compared with 2,S09^55 barrels for the week ended October 19. Oklahoma'* total production dropped J7.M0 barrels, desplta'addition of Oklanoina City flush pool output, temporarily released from proration. The Seminole area recorded a decrease -ot approximately 8/100 barrel*. ,......... ... West Texas area declined approximately 6,062 barrels .and the total Mld-Contipent. area 40,760 in light oil .with heavy oil ^dropping 490 barre|*. u,^. j, ^ BBne, sewer In-son "acceptable to the farm board, gpactor, Herlngton; F. E. Child* and Fund* Available. H. C. Wlldgen, fireman, Hoisington; Chairman Legge, of the farm John M. Gallagher, fireman, Andy board, announced In Chicago *ev- Hicks, Inspector and Harry Zaman, era] days ago that approximately plumber, all of Kansas City; Dan 1100,000,000 would be made available Jordan, plumber, O. N. Row and to the grain co-operatives. The H. B. Row, fireman, all of^Larned; grain corporation, the board be- George Wecker and Ralph Rook-lieves, will provide a medium well, firemen, Marysvllle; J. M. through which It can make loan* to Newberry, engineer, Neodesha; F. grain marketing associations, both V. Evan*, fireman, Russell; Chas. for current marketing purposes and Melsner, fireman, Sabetha; G. M. for the acquisition of physical fa- Spauldlng, city clerk, Solomon; Earl cillUes; Such^ an' organixation, It Elstun .and.John� Forwalder, flre-wes said; should hotonly reduce lo- men, Sterling; E. L. Marker, m�yor, cal and 1 terminal marketing costs and eliminate waste, but also exert a strong influence toward a greater market-price stabilization. The corporation, the board said, provide* a plan whereby farmer* White Cloud; Chas. Anderson, la borer, Elsie L. Hall, assistant clerk and Lout* Vlck, laborer, all of Wichita. ,',.' Sliver Button*. Silver pin* and buttons were T��.�.i-�.,� *w V- f��- houl him from the water but, erased* �Pr^orrtoW^^ andhd'ieS1,ght '�"ght ^ For live hour, the Twin doaef fh/�lTBr.^5 ��?th 8 * * thethlrtyfoot waves and the driving the workers of the south, . northerly gale to take off the luck- v .Li i wj . if 1 '��'Paasenger* and crew. -y IQKthfU WtdOW to flCIp Unable to take aboard* a lis* > Father in Mardcr Tnnt to0,n r**cuers, mc�t ofi�**� s '�'.'/-' � � ' " � � V, ''Jan- ,fcrew>��trotf. fn five ,lHeboata, e^i i wereititolrferred'te the eoait'guare}"' Weatherford, Texas, Oct 2ftfe>cnt� to han-dufjsra.ln n|;Jb| atwkhqWIng rnenv-heri'the comoration. undsr 'Its � Deaf A Following Cwh Mount Vernon, Ohio, Oct 29- |S4,aoQ payroll, wa*hington, out. sa^T^Hta*: tor WaUon of *|0dlana, tha Republican a*d*r,,s hw.hfin or4er�d py ES&tL r-�o,lmu>�4Ut* �5�t'gf ** *�*� to avoid � nm? t^helSI^^^-^-yW')i|V* couple. Hamilton, a former member of the commission of appeal* of the state supreme court and once a Baylor University professor, shot Walton a minute after he stepped Into hi* private office, __ � ��' ' Fivt Strioitly Hirt Whi* ScoffM at Pratt *r��As Pratt, Kas, Oct. 29.-(/P)-Vtv�\ men were Injured seriously here -.....------ today when a scaffold on a new which rushed to the steamer after theatre, building collapsed, hurling the Kenosha life guard* had taken them fifty feet to the ground. off most of the crew. On* rnaa Theilnjured: Ed Naylor, the con- wa� reported to have fallen over-tractor, Art Bathard, Art Kuna, board a* the rescue was in prog-Wayne Mosworth and Z. N. Spioer. ress, and five other* were Nisfriol Declares} in Cast . tf Former Florida Governar Tampu, Oct 29.-(A*)-A mistrial was declared today In the case of Sidney J. Catt*, former governor of Florida, who had been tried on a charge . ot aiding and abetting counterfeiting. The jury reported In federal court that It had been unable to agree. SOCKFOOT BtHfiLAB SENTENCED TO rUIaON. Kansas City, Oct. 29,-(*)-Hay. mond F. Wibklng, 27, alleged "sock-foot burglar,'* today was sentenced by a Jury In circuit court to five years In the state penitentiary.. He was convicted of first'degree burglary. The charge alleged entry Into the apartment of Miss Katelle Fannin, the nljjht of May 23. No loot was obtained. HOSPITAL EMPLOYE MBAPS TO HU pUATH Topeka, Oct 29^-(ff)-qarald a. Walker, 34, a h*l| boy at Christ'* bospltfl here, soded hi* life early today by leaping from a fourth fkwjt wjjwjow o( th* building. He landed on a conpreU sidewalk and died one hour If ter, ' KrHVln llisdin itddrese . .. .�. -TM,'|/--rF--� .f^ejswew �^!*x***s*a^Bxsssg' Washington, Oct 2�.-(*wul (iM Klein, aasUtant aecrstary of WWW -WW IWieak tonight 4(1 Wt80 o'clock oyer a n*UonwT4t ti*?1 dlo bsohup p| the Columbia Breads CMtlng �>mp*ny m bualnas* m-l� r�r�Moi, to thTfoek pur- counted for. Several person*, brought from the ship by the life saver* were unconscious from *> .'�>,-poaure when they reached shore. > but they soon revived. There were no women aboard. ' �- Captain Douglas Morrison of CM- '' cago and the ship'* wlrelea* op-erator were among those missing, v; C. H. SJostrand, ot Eekelson, N. O., a passenger was unaccounted for and survivor* believed he was " tlfe man who: made a flying leap ''. from the deck and hurtled into th* water. Survived Pravtou* Storm. There waa 18 f**t of water In the- K vessel at 6 a. nw when the last of the rescued left the steamer. They r had left their shlpmatea huddled '� on the deck, clinging to life rafts, shivering and soaked by the bug* -wave* whipped up by the second:.: Violent storm. In a week- The Wla-nonsln had been the only vessel to ride out tha gale of a week ago. "V No women were aboard tha *hh>,,i, when it left Chicago last night wijus,;;: � a cargo of merchandise for MU>' waukee. a cabin maid, Mrs. Davks* * ' (CooUnusd On Page Wg|^ Muk*4 Mb OH* Milwaukee, Oct m-W^Thejtg maaked bandit* forced 'ae akjajf hank official* into � soid| .(pTtM _ ^is^l^^ll ;