St. Louis Post-Dispatch
September 11, 1929

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peucmaia -) * 7 al COMIC MIC PAGE | SEPTEMBER 10, 1998 ee | SMART MEN IN WALL STREET HER BIG SHINY AND WE RIDE IN STREET. YOUR FATHER TALK THINK WALL. STREET s. RROW ED SOME MILK PEOPLE YPSTAIRSG | Founo (tT WARS GRACE B ” wh A ¥} ae e oe See ee ear reneee eee reer tes at sees 4 , - St 2 2 * a a i, cb, “Sereaet te - i] — + { See - Fa 3 * cores baie 34 ¢ Bretsae: Biss Biiss spatter Six esti ts eres t SOA . cic Youné :. ° fairo Sy ONOERS TA | THAT SHE RE Enc my PROPOSAL? ®EG US PAT OF TODAY oa 31. LOUIS POST-DISPATCH The Only. Evening Newspaper in St. Louis With the Associated Press News Service at Ces mere * a ea al ee Dial Te aa hit tall ali aaa ate aes 1, es ad, nate ae oe alee Te. ee ae Ye mov 2g SEE RR eR CP rr Peer _ — SPORT FIN viet - ST. LOUIS, WEDNESDAY, SEPTEMBER 11, 1929.—48 PAGES. PRICE 2 CENTS WALL STREET | Se LLS AGAIN OMINATE tivity and Strength in Few Selected Oil Shares Feature Sharp Recovery. (ALL MONEY RENEWS ‘AT. 9, DROP TO 7 PCT. Gains in Active Issues Range From 1 to 10 Points With Some High- Priced Ones Up 11 to 23 ‘By the Associated Press. NEW YORK, Sept. 11.—Nevival speculative activity and strength sa few selected oil Shares fea- d the sharp recovery of prices today's stock market. Lowering the call money rate from 9 to 7 r cent, publication of a series of @rorable earnings reports, rumors the formation of several new in- ment trusts and generally fa- ble trade news provided the t close, but final prices general- Pwere not far below the s. Gains in the active ed from 1 to 19 points, with a ber of high-priced specialties ried up 11 to 23 points. Trad- was in fairly heavy volume, to- sales running around 4,800,000 res. PWeekly steel trade reviews essed evidence of revival of rail- buying, but explained that msumers were in no apparent th to place fourth quarter con- s Two of the leading build- statistics organizations have re- Mted a falling off in new con- mction. Ol] output continues in ive volume. Common stock the Standard Brands Company, ew New Food Products Combine fently organized was placed on annua! dividend basis of $1.50, Reduction directors declared an dividend of $1.50, and Union ide stockholders were offered the right to subscribe to new stock at $80 a share on the basis of 1 new share-for each 1244 held. Pools Are Active. were again active on ¢ with major public par- coming from Middle Westem and Western points. A stronger undertone in the grain markets also had a cheerful effect Pools + broad scale. ticipation eA On Sentiment. While many operators went ead on the theory that the re- ‘nt reaction had sufficiently cor- ected an apparently over-bought Pondition in the market, conserva- ve cOmmission houses continued a et sto urge caution because of the pos- bility of adverse developments in Sothe credit situation. ‘ Standard Ojl of N. . Heavy buying of Standard Oil PF Of New Jersey carried that stock Up 6 points to a new high record 8 801, representing an apprecia- tion in the stock outstanding of B shout $125,000.000 above last PRght's close. Standard Oil of New : York moved up 3 points to 463%, Sr within a fraction of the year's h, and R Oval Dutch advanced J. Above &0., STOCK TRADE ‘val of Speculative Ac- jround for the Devine 0° position in unmistakable terms, | with and was employed by shipbuilding com- panies to represent them at the Geneva naval conference. Scope of Inquiry Defined. ‘There is no question here of the} Montevideo will leave today to op- erate over the companys’ route be- tween Buenos Aires and Montevi- deo, : ——— ee ee ee ee Accused of Killing Bank Cashier at | BS | Kingsland. foe PREP 03g e kb ire. right of all persons to carry on By the Associated Press. iY auen's ererareveniorion “ds _, | Propaganda within the limits of H, M. DAY TO GO TO EUROPE : ‘NDGEV ‘Cs 11,|, TRAVEMUENDE, Germany, Sept. the law, but we have the charge} TE MILLEDGEVILLE, Ga., Sept. 11. | 11.—All 13 passengers and crew of ken Ota) he oa } | Applies for Passport to Re Used —Homer Simpson, former Greene-/the Ruhrbach superhydroairplane nea ra — inane oe ey mn | ~~ ‘Attee sen damon Jail ville, Tenn., Police Chief, and Mal-| pomar, escaped with their lives to- interference with the foreign rela. | : tbe eae . colm Morrow of Jacksonville, Fla.,|qay when the huge craft after a ~one of the United States. |e? rie Asso mareuilcs 9 58 tis ie elie (0 h ohh | Nothing can end the contro-j| WASHINGTON, Sept. 11.—Hen- died in the electric chair at the /¢rja) flight, during which one of its! *" vec bic ae Georgia Prison Farm here today | motors missed fire, submerged after versy norween the 1 oan and ry Mason Day, who with his em- for the murder of C. A. PeTry,!a forced landing. ripe ctenpeg nay nererees ~~ ~ IS | ployer, Harry F. Sinclair. is serving | cashier of the state Bank of The Romar rests in 60 feet: of to be hoped that if the transac~ i. term in the district jail for non. | Kingsland, Ga., on Feb. 23, 19°3.|/ water. Salvage vessels were sent — pan pemed " aie Coeur. THE tempt of court growing out of jury = to the spot but have not yet raised investigation = wgake it impos. | shadowing activities during the FAIR TONIGHT, TOMORROW —_ hydroairplane. ag a9 — — = niga bees ectadl Fall-Sinclair trial, contemplates a | EE MEN e situation is of grave im- | itrip to Europe when he is released. | WITH RISING TE TEMPERATURE | $ | 12, 5A? ~ BUSINESS S$ SWINDLE. portance. No citizen and no cor- A deputy clerk of the District | | poration, under the most liberal! gunreme Court has sworn Day's ap- | THE TEMS -aieegane eq | Havana Police Accuse Concern of | CODStruction of freedom of action! nication for a passport at the jail. | Gap ot “i 10 Mek 60 | Defrauding American Firms. and freedom of speech, has the!nay entered the jail June} 2 a. he 60 IL a. me... ee, a HAVANA, Sept. 11. — Police | ™eht for mercenary considerations | 24 to serve a four-month sentence ; ERR sm 73| reported last night that E. Le- secretly to interfere with the ef-| anda with allowance for good og oc a. 7 - i -{! cours Co. had swindled American | forts of a apy ra to sg havior will be released about Oct. 5. | ” Be ee RE of tee Gee 74| firms out of $112.542.92. The plan | 48reements with foreign powers, | a Yesterday's ‘s high, 70 (3 vp. m low | woe to purchase large quantities of | bai would be unfortunate to con- NEW YORK AIR PO POLICE BEATS | Relative humidity at noo S4 per cent. | merchandise from American firms. | fuse this issue. ay Official forrcast|E. Lecours Jr. would then use a| Senator Blaine (Rep.). Wiscon-) xeiy yORK. Sept. 11, — Four| ANT REFUEL} for St. Louis and! properly vouched document in fa- | 5”: asked whether the resolution 1:4) beats will soon be part o¢ AT 355 MILES | vicinity: Fair to-|vor of his father acknowledging | ¥88 broad enough to whiney: vel New York’s police routine. AN HOUR. night and tomor-| debts, suit would be brought and | !nauiry into the charge that Rear | Commissioner Whalen ¢eaid four | row: rising tem-| goods held. and then auctions Admirals of the navy abetted |. mphibian planes would he pur- | perature. | would take place. |Shearer in his work against naval | .).ceq and patro's established at Missouri: Fair| First hearing of the case will be | disarmament. Coney Island, the Rockaways, Ja-| tonight and to-| today. Firms claiming damages) “It is.” replied Borah. maica Bay and on Long Island morrow: rising/are the Hercules Powder Co., Sea- | Hoover Restates tiis Position, Souhd. This action followed s - eral recent airplane crashes in t. investigating machinery in motion, city In which several persons were President Hoover, at his regular) killed. An appropriation of | semi-weekly conference with news- | '000 is to be sought. paper reporters waa reiterating his | : Dancer Mother of Triplets. While the S: nate was setting the “The disclosures of interference | By st — — propaganua aguinst the | NEW YORK, Sept. efforts of the Gov mmment in its George Hale. once a 11.—-Doris feature! ments for reduction of naval arma-| the George sisters, is the mother of ment,” said the President. “are al-| triplets. two girls and a boy. She | was married to Paul A. Hale a) year ago, Continued on Page 4, Col. 1, * a x > 2 = ates tea oy ‘ ee ‘ : es > Te pay. F 4 American | from ‘the drafts the custody of the State Bank Commissioner, who is in charge of the closed Telluride bank, it be- came known today. While New York banks, whici advanced half a million credit to the Bank of Telluride on the strength of unauthorized telegrams sent from Denver, were endeavor ing to recover the securities, the package containing them arrived here by registered mail and was delivered to John Jetson, bank ex- aminer, representing Grant McFer- son, State Bank Commissioner. who took charge of the Bank cf Telluride last week. By the Associated Press. NEW CASTLE, Wyo., Sept. 11. C. D. Waggoner, president of tie Bank of Telluride, Colo... arrested here last night in connection with the transaction by which he ob- tained $500,000 credit from six New York banks on unauthorized tclc- graphic orders from six Denver banks, said today he engineered the deal in the hope of protecting de- positors of his bank in Telluride “The bottom dropped out vo! things in Telluride and a desperate | move was necessary,” Waggoner said. “I would rather see the New York banks iose money than the people of Telluride, most of whom had worked all their lives for the Savings that were deposited in my bank.” Waggoner said he planned and executed the deal by himself and 'had no confederates. The Bank of Telluride Was plane of; closed and placed in the hands of the State Banking Department re- cently following the disclosure of the half million dollar transaction in New York. “hnew What I Was Doing.” Waggoner declared that the de cline of Telluride, once a pros perous mining town, had hit his bank and that with failure staring him in the face he conceived the idea of protecting his depositors at the expense of the New York banks, ‘“T knew exactly what T was do- ing,” said Waggoner. “There is no one but myself to blame. I was he one who sent the fake tele- antes out of Denver to the six New York correspondent banks, and neither my wife, my family, nor any of the officers of the bank had any connection with the trans- action. “At one time the Bank of Tel- luride had deposits of $:,7590,0C0 | Then conditions in the town went bad to worse. I aanted to get some moncy and rut it In the Telluride Bank so that the banks of New York couldnt. postibly get it back.” Nothing to Gain, All to Lose. Waggoner said ‘hat he was thinking only of the crediturs of his bank when he planved the trans- action. and that he knew he had nothing to gain ana everything to lose. “After sending the telecrame t went to New York and presented which ‘tenaneferted the money from the Cryase National Bank to the credit of the Bank of Telluride.” Waggoner said “IT had been doing business with the New York banks for muny years, | was known there and be- lieved they would accept the drafts. “This idea of evading something all the time was beginning to get on my nerves.” he said. Whether Waggoner will volun- tarily return to New York to face Federa! charges will depend on ad- vice he receives from attorneys, he |indicated today. Earlier he had ed today in a railway wreck about | negotiations of international agree-| dancer in “Allez-Oop,” as one Of | teen quoted as saying he woulg@ not tient removal to New York. “Whether I fight the removel Continued on Page 2, Colunwm 4, ae vA GOEe gl 2 POAT AERIS BIA