St. Louis Post-Dispatch
January 3, 1929

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MIC PAGE | WEDNESDAY, NUARY 2, 1929, = TODAY REG Us PAT OFF ——— —— ——— —_— —— Uh SUhlhUh;sGl ee "9 ST.LOUIS POST-DISPATCH The Only Evening Newspaper in St. Louis With the Associated Press News Service ee ee. Stoc | (Tables in Part Il, Pages 24 and 25) Market | FINAL Closing Prices NO. 119. ST, LOUIS, THURSDAY, JANUARY 3, 192932 PAGES PRICE 2 CENTS a [LSTREET | fT ARE EN AFTER mn nck RISE tions in Some Specialties -e. |. ths Early. ae j0 COPPER SHARES | THEW PEAKS LATE. Situation Distinctly , Call Money Rate After Lower | Basis. me A riated Press. | C YORK, Jan. 3.—Prices ted sharply on the New ae : ope today. After a omany gains ends irregular. The made substantial iis, specialties and oils closed fail Electric, which jumped °24 points yesterday, sold is at one timaA today, and off 10. Radio scid up about n lost'10 of its gain. Greene was a strong point, clos- | ery-Ward and Wright Wed about 5 each. j le most observers viewed the ack as a natural correction of mporary topheavy ,speculative _ some selling also is be- to have been influenced by | B of a large increase in loans, ireserve rediscount rate. ens to brokers and Phy New York Federal Reserve ber banks for the week end- Man. 2 were announced by the IBBAG, ' UTHORITY, > CAMPAIGA) © OF 112¢ HE e102 000 re megenting an ins preceding week. ‘of 44 minutes in the tape just.before .1 p. ‘per a ; > inspired profit-taking, be- oF ® of the virtual impossibility r informed of ping promptly pments on the floor. Such iws in the past frequently have » Utilized to advantage by traders who have been able ree recessions oi: several points - - THISISA BIG PLUMBUSGE JoPR -1 T WILL. Aas EXTRA J buying support could be or- fd to stem the decline. mectual efforts were made to large volume of selling in it hour by pushing up in- Mi shares. Radio rallied to Pao again, when call money ito 7 per cent. Western BP Moved up 6 points and Gil- ety Razor 5. Some of the » Tepresentative issues met PSelling on the rallies. The Was irrecular. approximated b= 5.000.000 Peaks were totiched in the dealings by Anaconda and Cananea Copper and Pub- ee of New Jersey. pee Situation was dis- r. Call money renewed cent, as against 12 yes- K and dropped to 8 by early Loans in the “outside . Were availiable as low as t. Time money ates 8h easier undertone, but il well above the corre- rates a year ago. Little in News. the money § situation. little in the day’s busi- a. Directors of the Bon declared an extra divi- De: cents on the Class B tegen and several favor- 2328 earnings reports and *“’ made their appearance. f 24 points Per ational Telephone for- f its early gain of 1° Bn¢ Montgomery Ward, A. sold 5 to 7% poitits be- raay’s final quotations. period. There was und. Biscuit was an outstand- Spot at one time, step- m & Straus sold & 7 r. Closings were “ae from these figures. eaulpments blocks of 5600 to 12.000 hands in the early with n- Market — New to influence the price’ ned 9 points to a new 244%. Warner Bros. Pig- | Carbide... Warren py ; were in: iv irst National Bank here early this is /been wounded and captured and a , heavy profit tak- |! and | / around /12 miles south of while a long list of in- > . ' os were fleeing was fired on at Aux- | Wied of the Mexico robbery by tele- | | mican, | 10 points higher. Mont- Aero , poss tie advance in the Fed- | dealers | ii Reserve Goard today as, lative issues before suffi- ' | Electric, which soared | yesterday. wus stock to break today, 18% points to 230. Radio. | ‘Mn up 124% points to 407 | E the morning, fell back to} and Burroughs Adding | ne | ' 1) }afternoon, is BYRD GLAD TO GET AWAY FROM CITY RUSH TO QUIET OF THE ANTARCTIC REGION Commander Finds Bay of Changed Since Its Discovery 17 Years Ago. “a Whales Has’ RUBBER KILLED) ANOTHER SHOT IN Of Three Who Locked Em- ployes in Vault and Looted Bank at Mexico, Mo., Only One Escapes, ee EE RD Special to the Post-Dispatch. MEXICO, Mo., Jan. three robbers who 3.—One of held up the dead, another has is reported to be closing in the third posse near Aux@asse, here. which the - ee ee a ee ee The car in robbers vasse by Bert Middieton, night marshal, and Walter Johnson, a garage man, who had been noti- | phone. The robber hit was the ‘driver of the machine. Shot through the head, he man-, aged to keep eantrol of the car | | for a mile out of Auxvasse. Then it ran into a ditch and overturned. His two companions fled on foot, but a hastily assembled posse over- ‘took and shot one of them. The driver of the robbers’ chine was taken to Callaway Coun- ty Hospital: at Fulton but died before he reached there. The second robber was brought back to Mexico while the posse con-. tinued its search for the third. Between $10,000 andj $20,000, estimated to have beeg taken in ma- BDL obi is orted “to | an robbers? Wrecked car. It was a yellow Buick coupe and bore Missouri license plates, ulthough Michigan tags were found in a pocket inside. The First National Bank was) held up at 1:45 p. m. The robbers | fled after locking Ralph Cauthorn, eashier: W. C. Blattner. assistant cashier: two bookkeepers and severai bank customers in the vault. HOUSE VOTES TO HIRE CLERK FOR EACH OF ITS MEMBERS oe Denice rats as Well as Republicans to Be Provided for in This Respect. Special to the Post-Dispatch. | JEFFERSON CITY, Jan. 3.—Forw the first time in the history of the Missolri Legislature, each member | ot the House will have a clerk at} this session. Heretofore each mem-|. ber on the majority had a clerk and one or two clerks were, allotted to the minority as a whole. The Republican caucus today. re- ported a resolution giving each Democrat as welh as each Repub- ican a clerk. | Representative Bales of Shan- | non County, a Democrat, objected | side and offered an amendment to limit the clerks to Republican members. | His colleagues would not stand) with him, however, and his amend- | ment was defeated. | ’ | CLOUDY TONIGHT, TOMORROW; | termined ‘sitting tapping away at sending some instructions and New Neg at. the moment impresses me. | The wonder of the thing that TL mae psit: out here ap this ice in ‘be for those on the City dipary conditions of visibili* ' seem ' sensation, due to the 'of judging with the eye, ' impossible to ‘reach a depression | down in*before we one SNOW IS PROBABLE, COLDER parently miles off: but in a few nunutes we reach this mountain and find it Is a snow hancock no higher than our chin. Again we see a pressure ridge~ appearing ciose aboard, but find i. miles off. No one of us who have been in | the eArctic has experienced this | ' kind of thing and even the Nor- wegians who have lived in the -| Snow are remarking about it. The THE TEMVERATURES., i a. ™m 4 o- a MSs se “a = a. ~7 lit} a. m ) Af RA ee “7 i a. |. “eee 4 a "6 i2 Neon . 36 oa. m 45 a. ©, n, 37 $$ am en a. & WM. 3A 7 a. ™ 24 iP. 1) I Re oe ae ‘ Yesterday’« high 28 (9 po. m.): tow 1] ‘6 a.m.) Official forccast | How MANY for St. Louis and SIDES TO A vicinity: Cloudy 4) 1 e MULTILATERAL | tonight and = to TREATY 2 tomorrow, prob- ~ ably with snow; sonrewhat colder the lowest § tem- perature tonight will be about 22. Missouri: Most- iy cloudy tonight | rnd tomorrow: morrow west and central! or snow portion: what colder night in . and east centra! portions, Cloudy and unsettied somewhat coider in west portions; some- lilinois: tonight: and wnortr mostly fai im north portion, cloudy and) uns.ti.d -! south portion: somewhat colder in east and een- tral portions. Sunset 4:51; 4338 sunrise (tomorrow) tomorrow | forces that nature snow probable to- | in north! i portions, and rain | in south | to. | north | ; iabout 15 By Richard E. Byrd, (Commander, U. (Copyright. 1929. by the Post-Dispatch and the New York Times. World ights Reserved, ) This story is published exclusively in St. Louis in the Post-Dispatch. All news articles from members of the Byrd party. ocr from especial correspondents § assigned to it. will appear only in the Post-Dispatch in this city. IN CAMP ON ICE ANTARCTICA, Jan. 1 BARRIER, (Via Bark 2, by wire-| less)——-Vaughan and I several hours ago returned here to our tent ait-' er a 20-mile dogteam trip of ex-| ploration. We found Peterson and! Balchen preparing our New Year’ s| dinner. Our meai consisted of pork | and beans, bread and butter, pea-| nut butter and canned applesauce. for dessert. Strange as it may seem, no feast! of wine, turkey and cranberry | sauce would have tasted any bet-| ter, for we were very hungry aft-| er our long journey over the snow! and now we would not walk around | the tent to get the best dish that! Broadway produces. We drank the) new year in with several hot cups i SR a oe ee of tea: Nothing could be more « many famous families. Soon he became a favorite of the late Mrs. William Astor, then leader of America’s smart set,. and of the late Mrs. Stuyvesant Fish, Tehr was given leave to arrange to New parties for the smart set, despite: the fact that he began as an agent; champagne company. At of these parties he appeared for a many dressed in women's clothes. He performed fancy dances, led co- tillions, entertained with brilliant repartee. Once he waded in a fountain at midnight in full eve- ring dress, with a wealthy social leader. plso fully dressed. In June, 1901. Lebr, married Mrs.«John Vinton Dahlgren. a widow. and formerly a Drexel of ladeiphia. The marriage in ®t. Patrick’s Cathedrol was a bril- liant event. All of the ushers were wealthy social leaders. On the same day in Grace Church James Stillman married Anne Urqu- hart Potter. Beveral yearw after the marriage the Lehra went abroad and took up residence in Paris. They gave brilliant fetes and Lehr occupied much the same position he had abandoned in America. When the wer began, Lehr devoted all his time to hospital work for wounded soldiers... 4 : WRONG FORMULA USED, D. N. KIRBY TELLS JURISTS Counsel for Railway Reply- ing to Questions of Judges, Says Right to Fix Value Is Unchallenged. “VALIDITY OF FIGURES PRINCIPAL ISSUE” Road Assails Recapture of Exéess Earnings Under Provisions of the Trans- portation Act. Dy the Associated Press, WASHINGTON, Jan. 3.—Before & crowded courtroom, argument was begun this afternoon in the Supreme Court in the suit of the St. Louis & O'Fallon Railway, et- tacking the valuation methods ¢f the Interstate Commerce Commis- sion. The argument was Daniel N. Kirby of ‘St. ‘.ouis for ‘the railroad. He had hardly started before several members of the Court plied him with qucs- tions to determine whether it was . insisted that the question of the validity of the valvation of the raliroad property by the Comnin-. ston ¥ was the main ruc He wa ey ry » ; al a > ¢ peg t oy ¢ : ae a a + 2 opened by Ue b> : ” Justice Van Devanter inal a that the Court, in another cuse, had acted upon the question of the valuation of railroad prope:ties by the Commission, and wand ‘to know whether it was being exkid to review that decision. plied that nao attempt was beirg¢ made to challenge the rigat of the Commigasion to value railroad prop- erty. he action of the C*nimis- sion was being challenge] or'y to the extent of asserting that its valuation in the O'Fallon case was invalid, because based 013 @ WrOLg formula, 3 Former Cabinct Men in Case. The O'Fallon, a 10-mile railroad, came into court to argue its con- tention that. the Commission's procedure in attempting to recap- ture excess earnings was invalid. Three men, Who served in the Cabinet of Chief Justice Taft while Taft was President, are among the counsel in the case—Walter L. Fisher. George W. Wickersham and ‘Charles Nagel. Fisher and Wick- ersham are on the side of the Gov- ernment, while Nagel is a member of the railroad’s counsel, No controversy in reecnt years ha sattracted wider attention im business circles. where the a trolling influence of valuation « the basis for Government regula- Recognizin:, the magnitude of t issue, the Court set aside siz. a quater hours for scones in compHance with a Senate rese- lution. permitted Donald Richbers. general counsel for the, yam Conference on Valuation ot Lawycrs Divided in Opinion. Among lawyers in the case there is oa sharp difference of opinion ar to whether the railroad. in view of the lower court decision im fa- vor of the Government. can pre- sent a case which will bring «4 ‘sweeping decision on the whole valuation fabric of the Commerce Commission | Gov -rament counsel, tn their that should the in ite contention with regard to the method to be followed in the vaiuation of ite property for rate- making and other regulatory pur- poses, there would be a marked in- Crease in ratiroad raters . but this waa flatiy denied ty the railroad which declared thet were necessarily lmited by what the traffic could bear, The Bt. Loula & O' Fation, earnings during the im 1926 and during the calendar yeare 1921, 1922 and 1923, found by the — commision to be wader the recapture clause of the @fane— portation act. ae The 4 -— . = 3 f Kirby 1e- _- tion of rates is of vital eee ae oe Pe 3 lean Railroads, to file a bis a pe Aon ‘to participate in the oral ¢ i ) ” . y aC eee Senay tae cena et itl halides ili abe 0.