St. Louis Post-Dispatch
January 13, 1930

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' SSPE otha sited paiesire 6 i) a 82. NO. 129. \LL STREET BUCK TRADE. NTINUES. OW: FIRM INDERTONE val of Activity and nth in Railroad Shares One of Few Fea- of the Session. MONEY HOLDS AT 4 1-4 PER CENT t of the Leaders Reach test Prices of Day in Last Hour at Net Gains of 1 to Nearly 6 Points. the Associated Press, KEW YORK, Jan. 13.—The k market plodded along at a gait until .he last hour of jing today when a brisk rally ied most of the leaders to their best prices of the day at net ranging from 1 to nearly 6 A sprinkling of merchan- and copper shares fost The day’s sales were the any full session since summer of 1928. Rails gave a demonstration of wp strength under thé leader- »of Pennsylvania, whith crossed for a gain of nearly 4 points. sapeake & Ohio closed 3% ints higher, and most of the er leading carrier stocks ad- ed a point or more. ; . S. Steel common, after selling n to 168%, rallied te 271 for met gain of 1% points. mica! closed 5% igan Steet “Swe bon 34% each,and a flock of ets advanced @ point or two. the reception of the $150,000,000 issue of the American Tele- ine Co. was one of the most ini- lant developments in the day’s ihe apparent inability of “bear” ersto bring about a general re- nied to a resumption of -op- ions for the advance, which ved considerable stimulus from covering of amateur -.short ‘rs. The best prices of the 48a rule, were recorded in the lalf hour of trading. Call Money Steady. here Was nothing in the day’s lo explain the sudden de- hd for the rails, although Wall {has heard yague rumors of merger applications as a re- fof the Interstate Commerce n's revised consolidation in the case of Pennsylvania, buying is believed to have been mulated by the early expiration foek purchase rights.” ' money held steady at 4% with the banks calling i $10,000,000 in loans to pre- for mid-month withdrawals. ime money and commercial yt tiarkets were quiet. Peek-end business news “colorless in character. ‘The man Reichsbank reduced kts ut. rate from 7 to 6% per M. Secretary of Commerce La- it Was quoted HS saying that Me there was some falling off bUsiness activity, as shown by Vepartment of Commerce ky statements, these declines probably caused by seasonal "eather conditions. Copw rs Are Down, llact + Hest OF tm i HWUSSIO Cent. was Aechewed decline of the coppers ‘d on rumors that the sialistics of ‘ue tomorrow, would show increase, Anaconda, Ken- ‘Cand Howe Sound all ctosed points flower, ares were sold. Montgom- closed nearly 2 points er at 447, . “TUNSwick-Balke Collender, the sve Y dividend on which was ue ‘Oday, sold down 3% points 4 “W low at 14%. Induetria} “2 lost 4 points. fecline of 1 to 1% cents a ‘ Wheat prices featured the markets, corn showed . change and cotton advanced Br, “’ cents a bale “Pt for a further recovery of i) Spanish pesetas to ‘42 cents, most of the foreign exchanges lost Sterling eables dipped of a cent to $4.s6%. Marks yielded slightly on the Reichbank’s dis- POIN ts , TN} ne : Tate : eee se prices, with other ta- * Ati in| IB market news, will be OLD pages 9B, 10B and Allied | points higher, — aera bia” stocks on} Merchan- | recent Minister to Salvador, designated by President Hoo- ver to direct State and social func- tions in the White House. He will pass On all questions of precedence. ALLEGED LIQUOR RUNNER KILLED IN FIGHT IN TEXAS Shot to Death by Federal Officers re oe eee et Bee W recent DELANO ROBBINS, OW hevirre. —Juan A, Gomez Tex., alleged liquor runner, was shot and killed in a running fight with Federal officers today mear Los Indios, Tex., close to the Mek. ican border. Another man with Gomez in a truck loaded with liquor escaped fleeing through heavy underbrush. The Federal men said they flashed a stop sign across the road, but the men in the truck opened fire in- stead of halting. Gomez was killed by the answering volley, they said. COLDER, RAIN OR SNOW TONIGHT AND TOMORROW THE verte aes CC~TRDOW GHrw—~ a ala ee Red ad Yesterday's high, 39 (7 “~ ' m.): low, -_ — Official forecast for St. Louis and ‘icinity: - Mostly . foudy tonight and tomorrow. possibly light rain or snow: colder tonight; lowest temperature will be about 22. Missouri: Prob- .bly snow-tonight and tomorrow, except rain or snow in extreme south portion; slightly colder to- night in east and south ‘portions, _ TiHlinois: Proba- bly snow in north portion, rain or snow in south tonight and tomorrow: Mup Pits - TAKE A LOT “DF CRUST. POST-DISPATCH WEATHERBIROD portion colder. . Sunset, 6:01; row), 7:19.- Stage of the Mississippi, 3.5 feet. a rise of 0.8. Street ‘Lights ieiveting. Downtown — street lights werw. turned on at 2:32 o’cliock this aft- ernoon to relieve. darkness, caused by lack of “wind - to ‘move smoke and low ‘clouds, whic for more than a haff-hour previously was deeper than pight. since at night | the lights are on. Darkness ‘ex- | | tended to Grand boulevard, The sunrise (tomor- of Harlingen,. West End was gloomy, and Lam ARGUMENT BEGUN Case Not Likely. to Reach Jury Before Tomorrow Afternoon After Five Hours of Speeches. Heber Nations, former State’ La- bor Commissioner, made an im- passioned five-minute speech from the witness stand today in Federal Judge Davis’ Court, where he was under cross-examination in his third trial on a charge of conspir- acy to violate the Volstead act. Testimony was finished at 3 p. m., and the court recessed for a half-hour, after which arguments began. The arguments, two and one-half hours to a side, will prob- ably run through tomorrow morn- img, and instructions will then be given by the court. The jury will take the case some’ time tomorrow afternoon. Nations was convicted In his two. previous trials of plotting with Charles 8. Prather. former State Drug and Food Commissioner, to sell pro- tection to the Griesedieck brewery in ‘making and selling beer in 1923-24. He was sentenced to fine; and imprisonment, but the convic- tions were reversed because of errors. District Attorney Breuer, the chief object of Nations’ outburst, made no legal objection as Na- tions, talking rapidly and angrily. charged him with persecution. Na- tions dwelt on the fact he was who came.from Ireland penniless and worked at his profession seven days a weck for 65 years, left an estate valued at $1,187.439. An jn- ventory was filed in Probate Court by his executors today. That the valuation of his property is low is indicated by the fact that the southwest corner of Grand boulevard and Olive street, which he bought for $7000 in 1883, when Grand and Olive was “the edge of the wilderftess,”” was inventoried at $250,000. oe valued this 60 by 155 foot strip at $600,000 or more. | Halpin, who was 86 years oid when he died, Dec. 10, bequeathed most of his property to relatives. The bulk of the estate was left in trust for 10 years, during which Redmond McBride and Mrs, Jo- seph ‘Hackman, children by the first marriage of Halpin’s deceased wife, are to receive a monthly in- come. At the end of 10 years, the principal ts to be divided equally between McBride and Mrs. Hack- man. The Mercantile-Commerce Bank and Trust Co. is executor and trustee. FLYERS ON EIELSON SEARCH FORCED DOWN BY STORM Had Been Missing a* Week on Trip From Fairbanks to Nome, Alaska. By the Associated Press. FAIRBANKS, Alaska, Jan. 13. —Three flyers who were forced down while flying from Fair- banks to Nome to participate in the search for Carl Ben Bielson and Earl Borland were safe at Unalakieet today, having been tost for a week. The flyers, Pilot Pat Reid, Wil- liam Hughes and Jim Hutchinson, reache@ Unalakieet Saturday, re- porting that a storm had forced them to land at the mouth of the Ungalik River. The plane was slightly damaged, and temporary repairs were made almost at once, jbut the three had to wait almost’ being prosecuted while, as he de-| clared, the perwons: Frets. Aoyets bare. said to the District gob Be “ON. | body connected with the brewery has spent a minute in jail. aor has Charlie Prather.” Says Prather Pleaded Guilty, “Prather was indicted jointly with you.” Breuer replied, “and he pleaded guilty and is now await- ing sentence in the other divi- sion (Judge Faris’).” “Il knowg Nations rejoined, “you are holding this over Prather’s head as a club, and when you are through with me, Prather will go scot free. The brewery has not been punished, nor anybody con- nected with it.” “The record shows,” the prose- cutor said, “that the brewery was ined.”’ ' “Yes,” said Nations, “fined a gma}! sum, when they should have been fined $1,000.000 for the harm they have done.” | Breuer replied! the fine $10.000, the maximum © fixed law. “Yes,” said Nations, “they were fined, but nobody went to prison.” “You wouldn’t suggest that we put the brewery in. prison, would you?” Brever asked. ‘You're going ta-let Prather g0, too.” the defendant went on. “Drawing Own Conclusions.” “You don’t know anything about it, and are just drawing conclu- sions,” was Breuer’s answer. He went on to explain that Raymond B. Griesedieck, vice president of the brewery, was ‘under indictment, but had nof been atraigned: as the Government had severed his case from the others. The cross-examination or receded ations’ outburst fol- owed the ees of Nations’ direct examination, which was begun Saturday afternoon and completed today by Charles M. Hay, one_/of the defense lawyers. Today's direct testimony began at the point where it stopped Saturday. . Nations was telling of his meetings with Prather. after Gus O. Nations,. the defendant's brother, had” raided the Griesedieck brewery. Feb. 21, 1924. Gus Nations was then local chief of Federal prohibition § en- forcement, Nations’ testimony, before that point. was a denial af ‘Prather’s charge that he. Nations, was a wernt to the protection deal made Prather. with Ray ond Griese- dieck. He denied that, as charged by ‘Prather, he irae view sok | veral payments benhae took two-thirds | “or it, gtviiel a one-third. back. to Prather; or that was by a > age for an opportunity to take Thomas Halpin, veteran druggist, | to. Front of City Hall Where Speeches Are Made ATTEMPT TO. TO SEND COMMITTEE TO MAYOR : ae Executive's Secretary - in Statement Explains Mu- nicipality Has No Funds to Hire More Men. About 300 men and boys who congregated in front of City Hall at 11:30 a. m. today after a parade from Twelfth boulevard and Olive street heard speeches from their lice on Mayor Miller’s order as they were Hbhout to appoint a committee work. Two 6f the leaders, officials of Communist And “Workers Par- ty” organizations, were ar taken to the holdover at headguar- ters, und later released, During the speechmaking, Maypr Miller was in his upstairs office, guarded by two policemen, with 20 more policemen downstairs in the rotunda to prevent the paraders from entering. Reporters who Were not admitted, .. telephone, he ecu that be Be Deckard, who nah As. =" ; . “I ds of the two: plat meneni, conosmiaal at ; yess 'terday that, if Reid’s plane ‘could be adequately repaired, it would be flown at once to Nome. Oth- erwise it would be brought back to Fairbanks for. an overhauling. GENE TUNNEY OPERATED OW Former Champion Pugilist Onder Knife for Second Time. By the Associated Press. ; NEW YORK Jan. 13.—Gene Tunney underwent an operation today at Presbyterian Hospital. The operation was reported very successful and Tunney’s condition as he emerged from the ether, “splendid.” The operation con- sisted of the removal! of a stone from the entrance to the kidney. The surgeon did not find it neces- sary to touch the kidney itself. The ronly unusual feature of the opera- tion, it was said, was the thick muscular wall in the back of the former champion which it was necessary to cut through. Tunney underwent aie similar operation. Wednesday. but it was unsuccess- ful. GLIDER UP 6 HOURS, 19 MINUTES H. W. Bowlus of San Diego Credit- ed With New U. S. Record. By the Associated Press. SAN DIEGO, Cal, Jan. 13.—W. H. Bowlusg is credited with a new American glider record after re- maining aloft for 6 hours, 19 min- utes and % seconds. He had pre- viously stayed aloft 5 hours, 26 minutes, but that record was not afficial. ‘ The record flight was made Nere yesterday in accordance with all regulations. Bowlus did not land until the wind had abated to eight miles an hour. it died completely whep the gHder was still 200 feet above the ground but Bowlus landed safely. 5 PERSONS KILLED BY SHARKS Down When Boat eycar a CAPE TOWN, Jan. 13.—A mes. was capsized ‘in a ‘squall. = The tive were members of. Mauritius Yishérmen Are Dragged | By the Associated Press. te leaders, but were dispersed by po- to call on the Mayor and: demand} sought a statement from the areas | -. id se Soe ia porters: 3 No Money for City Work. | “The Mayor realizes the extent it 1s impossible to use more men on municipal work, due to Jack of revenue, Most of the outside municipal work cannot be started iow, The various city construction departments have been forced to’ lay off their regular employes, al- though every effort is being made to carry on work whére possible. Weather conditions,. however, make this hearly impossible, without a great loss of money resulting. “If funds were available the Mayor would direct that more men be hired to clear the streets of snow and ice. The revenue is ex- hausted and the Mayor is at a loss as to what more, he can do. He has urged business concerns to keep production going to the fullest possible extent in an ef- fort to relieve the situation some- what.” | Circulars had been distributed by leaders of Communist Branch of America and the Workers’ Party, calling for the “unemployed” to as- semble in front of the Post-Dis- patch o'clock. At that hour there is a considerable humber of. men and boys on the streets and alley there, offering employment. Consequently the: promoters had little difficulty in assembling 2a crowd mostly of white boys and young men, many of whom were comfortably clad, and a aumber of whom seemed to relish the occasion They marched east on Olive to Eleventh street, south to Market to the east entrance to City Hall Most of the route they moved ae sage from Port Louis, Mauritius, | Me am Segoe — yd m ey yr “ co ied My; 6} * % 4waiting an edition with want ads/ as a diversign. There were some) }middie-aged and elderly men ane a truth before the grave interest street. west to Twelfth and south | #7 4p - Pee Se ee AS . =) Se. > 4 *3 = ae a of yet Sage a yw ies By the Associated Press. WASHINGTON, serving judgment on its y:timate meee be Wen eS rae ites ter.) a Ls * a ry: + 2 ee =e. Ok Se Orem z nes eS ee SN eee