Show Sixtieth Year — No OGDEN CITY UTAH WEDNESDAY EVENING OCTOBER 30 1929 105 Governor of hIdahoc LOST AIRPLANE FLIES1 TO PORT ed In today’s Washington as being groomed to --dispatches en- BALDRIDGE IS ter the senatorial lists against William E Borah in the Gem AFTER BATTLE FOR GROOMING "1— I Senator Norris Another dependent Accepts In His State SURPRISE N M i 4 By PAUL It MALLON -- i BODY FOUND ON HOME LAWN 111 SALT LAKE Murder And Severe Attack Bring Fears of Gang War' Over ‘Dope i Oct" 30— (API-- One SALT LAKE Mexican was slain and another wa seriously wounded here today in what police feared was a gang war in the city’s Mexican colony over sale of marajuana torWoMms HOUSTON FOLKS — mmm j - Friends of Senator William E Borah of Idaho another of the independent group which has been revising the Republican tariff bill said they had been informed a proposal had been made in Idaho circles to promote Governor Baldridge of that state as an opponent of Borah Senator Gerald P Nye Republican North Dakota who unlike Borah Norris McMaster (South Dakota) and Schall (Minnesota) is next year innot up for dicated that such an organized effort to overthrow the independent representation from the west would be met with a consolidation of the Independent forces for the next ’ congressional election came of in The evidence activity the face of a pacifying influence in the resignation of Otto H Kalin of Kahn Loeb & Co as treasurer of the Republican senatorial campaign committee BOTTOM DROPS OUT Meantime the bottom has dropthe ped out of the tariff fight1 with Reannouncement that both the publican and Democratic' leaders o' the senate intend to leave Republican Floor Leader Watson is ill and 'going to Florida for three weeks and Democratic Floor Leader Robinson has been called home’ on private business for a similar length of time Battered by ‘the slashing amendments and laden with the debenture farm relief plan of the independent group the mil now is conceded hardly a chance of final enactment unless the independent group weakens which It has given no ' signs of AKRON Ohio Oct 30— (AP)— Two monster dirigibles the largest In the world are to be constructed and placed in regular operation between southern California and the Philippines in 1933 by the Pacific Zeppelin Transport company according to Paul W Litchfield chairman of the board Building of the Zeppelins which will be of 6500000 cubic feet helium gas capacity will entail a $15000000 construction program The Pacific liners' will carry 80 passengers and 10 tons of mail express and freight They will cut In half the crossing time now made by the fastest boats - s doing H j FINANCE HEAD MAY FORM NEW CABINET PARIS Oct 30— (AP)— Etienne Clementel chairman of the finance committee of the senate and former minister of finance in the Harriot cabinet today accepted "in principle” the task of forming a cabinet to succeed the recently defeated Briand ministry Clementel is a member of the radical group in the senate He is regarded as one of the most modshocked erate of that group and the most airs J A Martin probable in- likely radical to be able to form a ternal injuries new union government more to the J A Martin scratched and left than the Poincare combination bruised excluding conservatives of the ReEdwin Kovor 18 of Alief Scratch- publican union group and replacing ed and bruised them by radicals The Works home was believed to Clementel has the confidence of Mr the inancial interests have been the first struck and Mrs Martin were carried 500 feet in bed The wife still was in bed when rescuers reached the O H KAHN DECLINES scene POST OF TREASURER (Near Alief where the storm was 1- ' believed to nave struck last conNEW YORK Oct 30— (AP)— BeMr siderable damage was done of the “divided reception” cause of and Mrs John Kovor parents Edwin - were unhurt though their that greeted his selection as treasurhouse was lifted 25 feet from its er of the Republican senatorial camfoundation paign committee Otto H Hahn has declined the post Announcement of his selection had PANTAGES WORRIED been made by Senator George H of New Hampshire at a dinBY WIFE’S ILLNESS Moses ner last Thursday given by JereClaudius H Bus-to- n LOS ANGELES Oct 30— (AP)— miah Milbank fornational chairman Republican Pan-tagWhile attorneys for Alexander Addresses made at the dinner a convicted of a criminal attack private affair were interpreted by dancer newspapers upon Eunice Pringle co-e- d a declaraas prepared to move for a new trial tion of war byindicating the senatorial camthe when' Friday paign committee against Republican theatre man appears for sentencing senators who oppose President HooPan-tagirf superior court Mrs Lois on ver tariff and other policies the his wife today was under obwho servation of physicians reported her condition critical ’ U S DESTROYERS OFF Pantages yesterday was granted permission to visit his wife’s bedside FOR CHINESE WATERS Upon his return to the county jail in custody of deputy sheriffs he apMANILA Oct 30— (AP)— The n peared downcast and expressed be- United States destroyers Pope Trux-tolief she was “going to die” and Peary will leave here toMrs Pantages herself under con- night for Chinese waters on orders viction for manslaughter in connec- from Rear Admiral Charles B Mc-Vtion with the death of Juro Roku-mo- to Jr and the Stewart Pillsbury after an automobile collision and Parrott will depart tomorrow has been in ill health since the ac- morning under similar instructions cident She suffered a relapse when Admiral McVay’s order was interinformed of her husband's conviction preted here as meaning that Ameriand although her physicians denied can naval authorities in China conthey feared for her life they said sidered the situation serious' The she was in- a “very critical cond- move followed closely the renewed beition” fighting in the Yangtse yalley tween nationalists and t “people’s army” forces The latter (forces are RAILROADS PLACE in rebellion I j ! es multi-milliohai- re es ay ORDERS FOR STEEL NEW YORK Oct 30— (AP)— The Chicago Rock Island is Pacific rail- road has placed inquiries in the market for 5000 freight cars at an NEW YORK Oct 30 — TAP) — estimated cost of from $12000000 to Harry F Guggenheim who will rep- $15000000 arid requiring between resent the United States in Cuba 60000 and 70000 tons of steel intends to be a flying envoy He The Missouri Pacific railroad was proposes to use ah airplane in all reported to have placed orders for from 40000 to 50000 tons of standtrips which his duties make ard steel rails IS FLYING ENVOY £! n " and-othe- '$ '' S 4 II V V Y 4 4"'i ' f yy t ftA" ss y I" 'V to : V S i MOSCOW Oct 30— (AP)— Five men alleged to be members of a band responsible for the killing of 65 persons including six detectives were condemned to death today The leader of the group was said to have been responsible himself for killing 30 of the victims j ‘ r 'Business enterprises which had outstanding bonds because of the high prices which stocks brought in the market-pri- ces not warranted— issued stock and paid off their bonded indebtedness Stock - issues aggregating? hundreds of millions of dollars have been issued without reasoti or Justification and by high powered salesmanship distributed among the people LEGITIMATE BUSINESS SUF- FERS j Some banks have denied credit to legitimate buslness’in order to make loans to brokers and for stock speculation Our credit system has been used for stock gambling purposes Many (banks have become brokerage housef and have promoted corporations land underwritten or disposed of stocks and bond issues of large proportions BillionS of dollars have been lost in thej stock markets and the grain exchanges Bankruptcy and ruin have come to thousands of persons The great! consolidations in banks trust companies and organizations supplying credit are disturbing? factors and justly occasion grave concern as to the future of our business and economic' life If -- the conditions referred to can be improved or remedies devised prompt action should be taken The federal reserve system was organized Ito furnish credit for legitimate (commercial transactions not tor speculation and not to member banks who in turn make corresponding loans for 'speculative purposes FOR) HALTING SPECULATION It may be that the federal reserve act should be amended to make it impassible tor the extension of credit for Speculation in any form Congress can enact laws denying the use Of the mails or interstate commerce (instrumentalities for stock gambling purposes The use of the malls for lottery purposes was prohibited The use of the mails can constitutionally be denied for all stock gambling transactions Investment trusts have become a serious problem They are not free from blame for the destructive stock! inflation and the disastrous consequences attending the same The states must regulate invest-me- n trusts and subject them to drastic! control If they do not con-gre- ss will and congress in the exercise of its interstate power may regulate! stock exchanges which deal in interstate security and interstate business URGES EXCHANGES BE REGU- i Senator William II King “if the states won't congress will” -- SIOFCREASE VOTED POLICE MDT1EMEN Recommendation For Higher Wag6s Adop- Mayor’s ted By Commission A blanket increase of $10 each per month for members of the Ogden police and fire departments was voted fey Ogden city commissioners this morning effective November 1 upon recommendation of Mayor Frank rFancis head of the department of 'public safety While the increase effects the 37 members of the police department aftd the 31 members of the fire deto eithpartment it does not apply er Police Chief Harry S Anderson or Fire Chief H H Wardleigh each of whom receive $200 It increases the police budget $370 and the fire budget $3LQ or a total increase of $680 in the public safety j department WAGES INSUFFICIENT In recommending the additional pay Mayor Francis said: “I do this because I realize the men who protect the lives and property in this community are not paid sufficient to meet the ordinary demands f of a home in these days of high cost of living” Wages in the police department LATED f! under - the new basis of pay will The regulation of stock exchanges range from $190 to $145 and those and grain exchanges and the conin the fire department from $175 to trol of investment trusts and the $150 enforcement? of usury laws wofld do detectives much to correct Robert Burk chief the evils which are who is under civil service will reso apparent ceive $190 Assistant Fire Chief N now A credit system which denies T Moore will receive $175 credit (to legitimate business and Nineteen patrolmen chauffeurs seven billions of dollars for traffic and motorcycle officers now furnished Is defective and speculation stock) receiving but $135 a month will get must) be remedied $145 three sergeants will get $175 no other remedy can be found and three desk sergeants and a sec- it If is certaih that sooner or later the retary $155 a t policewoman $115 federal government will regulate all a merchant patrolman $60 and a engaged in interstate chief of the bureau of identifica- corporations commerce! In so doing it will retion $165 quire federal charters to be taken In the fire department 12 mem- out by) such corporations and sewill receive $150 instead of $140 curities bers be not Issued may except and 12 others will get $155 instead when) permission is granted by a of $145 Four are raised to $165 and federal agency and all activities two to $160 transactions of such coroora-tion- sl and Many petitions during recent years will be under the eye of and have been submitted to various commissions seeking blanket increases subject to (regulation by the federal in pay Since his term as chief Harry si govenjment Anderson obtained first a $15 raise per month and now a $10 raise for : desk sergeants DOCTOR Both Commissioners H W Peery and Fred E Williams as well as the mayor voted for the mayor’s recomGRAVELY mendation — 44 ! -- d WILEY IS ILL BRIGHTON SNOW Pure Food ’Advocate FigNINE INCHES DEEP uredt In Benzoate Soda SALT LAKE Oct SO— Nine inches of snow fell at Brighton during the blizzard which began Sun- day night and lasted through Monaccording to a report to tne day' waterworks city department from the watershed station at the mountain town Tuesday It is one of the heaviest fails- recorded at ‘ that point this early in the year - FIVE CONDEMNED IN MURDER! PLOT j carpet-- M i record-breakin- -- h j j DIRIGIBLE TO FLY TO PHILIPPINES I prices $30 up a share took place on the New York stock exchange today as powerful financial forces threw in1 huge supporting orders to check the storm of hysterical selling which had been raging By JAMES L WEST for nearly a week Total sales fell just short of 11000000 Associated Press Staff Writer WASHINGTON Oct 30— AP— shares as contrasted with 16419000 in yesterday’s g Politics again rides the crests in a session were Final prices generally around the high dozen states as local campaigns move 6n to meet the annual tide of levels of the day Are Opposing Mayor Walker In New York votes to be cast next Tuesday of inflation in stock and bond isVirginia alone elects a governo: sues! jknd banks ” and --investment and so furnishes the only contest in which is carried along the strife trusts and brokers agenanc bitterness of the presidential cies have created an inflated and campaign a yea i ago in which it reRepublican majority tor fictiticjus1 market for various forms turned atime since the days of first of securities and have made the the bagger ruie public believe that credit was unWhile thi3 ejection holds first inlimited and that industrial corpora- terest to students’ of national politics as it may determine the pertions would increase dividends manency or lack of it of the 1328 SWt I - -- or BALDRIDGE VS BORAII The slain man was found on a lawn at a residence in the western part of the city He had apparently been beaten over the head Shortly after the discovery of the body police found Dario Marques 29 another Mexican in an alley with a knife wound in his side He was taken to county hospital where he expressed the opinion that he was attacked by robbers Eight suspects were rounded up officers in a raid on the “Little by AUDITORY BEACON Mexico” section' but little informaAs they' described the happenings tion was obtained from the prisonhowever it was revealed they had ers of Two of share their experiences the five men went out in search of shelter and it was only through the thoughtfulness of Pilot Doles that they were not ground victims of the storm Doles when the two did not return in a reasonable time started the mo tors of the plane and this noise was an auditory beacon to the wandering pair as darkness crept over the land Consuming what food they had in Husband And Wife Carried the plane the party later found a In Bed 500 Feet By cabin nearby that had been noted in a for The Wind circling landing night was spent there before a roaring fire Mrs Bessie Mason a woman liv- i HOUSTON Texas Oct 30— ing about five miles from where the (AP) — One man was critically inplane landed discovered the flying jured and two women and two- men party She cooked them a meal of were hurt in a tornado which struck eggs ham and biscuits Along in the the edge of Houston today afternoon the ‘weather cleared suf- onHalf dozen houses were demolso Doles could take the big ished abams ficiently and garages 'were ship off from 'the small clearing in wrecked and several other which he had (brought it down He were unroofed by the wind!dwellings flew on east and'uiorth and electriThe victims: fied the field here about an hour B Works 68 internally injurB later on his arrival I ed may die Mrs jB B Works 65 bruised and Iowa By SENATOR WILLIAM H KING (Copyright 1929 NEA Service Inc) Oct 30— There is A widespread feeling that WASHINGTON and credit system is not entirely satisfactory and that further legislation national dr state or both is neces-saryfth® protection of the people J business We are1 passing through a period on ve i I I United Press Staff Correspondent WASHINGTON Oct 30— (UP) — The breech oetween the eastern and western wings of the Republican party which has been growing since the tariff bill has been under consideration was further widened today by a series of developments Senator George W Norris Republican Ncoraska of the independent farm group announced nis next year candidacy for charging a plan was under way to wreak political vengeance upon him He declared his opponent already had been selected naming Samuel R McKelvle member of the federal farm board McKelvle denied he intended to run Tor the senate s Wednesday: Senate holds funeral service for Senator Burton of Ohio Joseph R Grundy president of Pennsylvania Manufacturers’ association conltinues testimony before senate lobby committee Tuesday r r Senate adjourned out of respect to memory of Senator Burton of Oehio after adopting resolution of regret Joseph R Grundy? told senate lobby committee he thought small w estern states had too much voice in tariff legislation Senator Watson of Indiana the Republican leader ‘was ordered to take a rest by his physicians Chairman Hawley of house ways and means committee predicted a tariff bill wouldbe enacted Representative Garner f Texas house Democratic leader said tariff bill would fail unless President Hoover yielded on flexible provision Prediction that many banks would go out of business if stock market decline continued was made by Senator Brookhart Republican ii In- Wings of Republican Party Estranged? tri-motor- ed -- M v Oct 30 Western Air E express plan? piloted by James Doles today! stood victor over ele- -' ments and the rugged southwest after the two had combined to give rise to fear concerning the plane i and its five occupants As a fine snow sifted down upon the airport here and men conferred over plans for search to locate the the plane then 30 hours overdue everyone ship roared onto theandfield the plane in healthy and happy perfect condition Doles with Allan C Barrie coand pilot R L Britten steward denDr AW Ward San Francisco Ver- -' tlst and W E Merz Mount non N Y as passengers took off from"Los Angeles Monday morning east and headed V RUNS INTO STORM After a refueling stop in Arizona the plane again headed east and ran into a terrific snowstorm which was sudden and had not been refor more than ported Thereafter was no word there thirty hours Officials of the company announced the plane “missing” There was a gathering of officials and planes here in preparation for a the search of the region —wheresame plane was believed to bean the liner air region where recently crashed and burned with the loss were of eight lives Other planes headed here but could not-arribecause of the snowstorm As plans neared completion there was a distinctively massive roar overhead and a large red and aluminum-colored monoplane made a perfect landing It was ithe missing ship The plane had been forced down southeast' of Tracheda N M which is 60 miles south of the regular course -- 1 Way Out ALBUQUERQUE JEXT TUESDAY Chal-'leng- Forced Down By Snow Five Wait And Work ' Asid 111 hows New Life Presidential Campaign Bit-- 7 John J Raskob Declares He iii Buying and'Brofessor An And Has Inflated 'Market Fictitious Contending e terness in Evidence In Trying Fisher Says Gigantic Bargain Table’ Lays Been Created Through Acts of Banks Investment Invitingly Before American Investors Renewed Virginia Contest Trusts Brokerage Houses And Other Agencies Interest In Brices Noted Bv Brokerage Office ' Utalm Calls For Immediate Ssteps To Correct PROFESSOR IN RACE BREACH IS WIDENED Credit System YORK Oct 30 — (AP) — A sustained rally in prices r Three Distinguished Men NEW Eastern And Western which lifted scores of active issues $5 to ‘ Pilot Doles Exercises Rare Good Judgment All Are Safe HAPPY INTEREST TO ELECTIONS f j Senator King's' Idea BORAH’S PLACE WITH ELEMENTS ADD By Federal Law Is state Orders Pour In LIVELY FIGHTS Curb On Speculation RUMORS HEARD mention- LAST EDITION 1—4-- 4 LIQUOR REFUSED PETERBORO Ont' Oct 30— (AP) — Among voters today in an' election in which liquor is an issue is Jose Anderson 103 and married 74 years who had never tasted intoxicating liquor He has used tobacco most of his life His wife is ’ 93 years old ‘ ii ip impaign '5 WASHINGTON Oct ' 30 — TAP) — Dr Harvey W Wiley center of a 29 year “pure food” war as chief chemfst of (the department of agriculture from 1883 to 1912 is seriously! ill at his home here The storm center of such controversies as “the battle of benzoate soda ” was! 85 on October 18 His age and his decline during the last few weeks has causedanxiety among his friendsi and family His insistence on purity of food and (food flavors and preservatives kept him in the limelight over a long period of years After his resignation he became editor of a magazine contributing devoted to food problems -- revolt there are others which carry their appeal far beyond the borders of the state in which they will be held New York’s quadrennial controversy over Jie question of whose shall be the guiding hand in the government of the world’s' greatest metropolis attracts perhaps more than the usual attention because of the dashing figure of its widely-travelmayor James J Walker who finds himself opposed by men who also have gained nation-wid- e reputatiohs Racing down the stretch with him are Representative Fiorello H Republican who has made himself heard in the halls of conNorman Thomas Socialist gress leader and xhchard E Enright onetime police commissioner and candidate under’ the banner of the Square Deal party Boston too elects a mayor with James W Curley former chief magistrate Frederick W Mansfield Good Government association candidate and Daniel H Coakley an independent seeking the office in the midst’ of a’f complex political Just one seat ‘in congress is at stake this November that for tne twenty-fir- st New York district made vacant by the death- - of Roy H Weller Joseph A Gavagan Democrat Hurbert' T Delany Republican and Frank Crosswaith Socialist are the candidates Normally the district is strongly Democratic In Virginia two college professors — John Garland Pollard of William and Mary and William Mostly Brown of Washington and Lee--are t the gubernatorial candidates Dr Pollard is the candidate of tne regular Democratic organization while Dr Browrn has the indorseDemment alike of the Anti-Smiocrats responsible for the 1928 revolution and the Republican organization headed by C Bascom Slemp national committeeman and Robert K Angel state chairman The revolting Democrats in the forefront of whose ranks stands Bishop James Cannon Jr of the Methodist Episcopal church south contend that the Virginia Democratic machine is dominated by the Democratic national organization under Jolm J Raskob and so have raised the cry of “Raskobism” On the other hand the regulars of the Democrats argue that Bishop Cannon is seeking the political control of the state and so the term “Cannonism” has taken its place alongside of “Raskobism” M ed La-guar- dia situation th AGED POSTMASTER ALERT AND ACTIVE Neiv York IVOIEN (faint: TAKESSAVIUGS — ‘ follows: Associated Gas 45 up sat-befor- i 1 OIIEMfliiloSES FIFTY MILLION Newspaper Unable To Find One Winner In Maelstrom j I NEW YORK Oct 30— (AP)— The New York World today said that while losses to big stock market operators have been reported as high as $50000000 not) one winner could ' CHILD SCALDED Tot In Plain City Falls Into Tub of Hot “ Water - ' f $11260 9T-- ow’er39 78 up per Power 26 up 7 United Gas 26 up 7a Lehman Corporation 90 up 8 Niagara Hudson Power 15 up and Shenandoah Corporation 144 up 3 Nearly all the leading brokerage houses and several at the investment services advised their customer® overnight that high grade stocks were at bargain levels and could safely be bought for Investment Whereas a few webks ago many stocks were selling on a yield basis of less than 3 per cent the recent decline has brought prices down to where yields of 5 to 6 per fcent were quite common with some of the more unseasoned issues yielding 10 per cent or more at current ?t NEW YORK Oct 30 — (AP) — Thousands of n 'men erstwhile speculators returned to their bridge tables today poorer but wiser In ‘ the ways of Wall street Attracted by the profits to be made during the past year women of all classes society matrons debutantes teachers and stenographers have been in the market The slump which began a week ago and culminated in yesterday’s record breaking crash gave the majority of them their first baptism of fire nd wiped many of them out During gruelling days that have tried veteran operators women have crowded about the tickers and the boards in the offices of their brokers watching the drop of the loss prices that mant to many of years of savings " The suddenness of ’the” Onslaught last Thursday when margins vanished in minutes and many women found themselves sold out caused hysteria and some of them fainted Most of those who survived the two previous blows appeared yesterday to have become accustomed to the ordea’ Some even smiled 'as they watched their fortunes fade1 Many declared they were through playing the market f One broker said “As customers women are more uncertain than men They seek more advice They sit and murmur: ’Shall t aell or shall I hang on? They go through greater agony of indecision in crucial moments In the last week I think they have suffered from the mental strain more than men - Allied American Su-- - I Excitqmnt Helen Fisher 3 daughter of A Fisher Plain City was brought to the Dee hospital this afternoon sufCROSSING CRASH scalds contracted when fering RESULTS FATALLY she fellfrom backwards Into a tub of boiling water Just placed on the SALT ’LAKE Oct 30— Richard floor by her mother She was atCarlisle Wilkin 69 of Granger died tended by Dr W R Brown Tuesday evening at Salt Lake m hospital of injuries suffered October 21 when the automobile he was TWIN FALLS FIRM driving was struck by passenger ENTERS LOW BIDS train No 25 of the Utah £s Salt Lake railroad at a crossing near BOISE Oct 30— (AP)— C A the Wart : station — 44 Robinson of Twin Falls was low r J bidder Tuesday on proposed alterations on that part of the Old OreDIES AS RESULT gon Trail between Mountain Home OF KICK BY HORSE and Boise his offer being $103692 The new route will be considerNEPHI Oct ‘ 30— (AP)— James ably more direct between the two Walter Brough former Nephi city cities Robinson was also low bidder councilman died Tuesday as a result of being kicked by a Iimse for resurfacing eight miles of the nearly two years ago Complica- Bear Lake highway between Monttions developed from internal pelier and Paris with an offer of —-M- I Many Return To Bridge Tables For Their NOTE FROM TRAIN 17EBER COUNTY TELLS OF ROBBERY Butte then ordered to board the Milwaukee passenger train and motion it ahead L Brand brakeman was forced to drop a note from the moving train at Piedmont to inform authorities of the robbery Brand's note stated he was held up by three men with-eve- larger advances by a few ordinarily inact e shares Middlewest3'Utili-tie- ? jumped $55 a share ter' $245 Electric Investors $3775 to $12375 and Electric Bond & Share $2037 Vj to $79 87 Mr 'h CURB PRICES UP Closing equitations of some of tho other active curb securities were as WHEN DECLINE be found iLosses of fifty million were attribSALT LAKE Oct 30— Spending uted to Arthur W Cutten of Chihis declining years in southern cago who a few years ago switched Utah’s soft semitropical climate his interest from the Chicago grain Walt street where he is James'S P Bowler the state’s old- market to est postmaster deals out the mall reputed to have amassed a fortune i three times a week to the 150 inhab- of $100000000 The seven Fisher brothers of Deitants in the town of Gunnison Mr Bowler according to Postof- troit are reputed to have suffered fice Inspector C F Dutton who re- losses of "several hundred millions" In the bear camp no one could be turned Tuesday from a tour of in- found from Jesse Livermore down is state of the in that part spection alert and active in spite of his 85 who would' admit having made money t years — M— : ! BUTTE Mont Oct 30— (UP)— Robbed as he locked a switch in sharp rally took place on tho curb market where the gains in active issues ranged from $2 to nearly $40 a share n A levels CONFIDENCE RETURNING e Reassuring statements from leading bankers overnight coupled with” the declaration of extra dividends of $1 each on U S Bteel common and American Can and an advance of $1 in the annual dividend on thq latter helped to revive confidence in the market Strong buying suppo? t also was provided by powerful financial institutions and! wealthy capitalists “HAS STRUCK BOTTOM NEW HAVEN Conn Oct 39— stock market has (UP) —The “struck bottom” in the opinion of Professor Irving T Fisher Yale I economist “Fordhe last week we have witnessed an example of mob panic” Fisher told delegates to the New England conference of the National "When the bears made their raid on the street last - Tuesday they caught small holders of marginal accounts unprepared and precipitated a crash that has continued for the past week “Prices now are absurdly low We now have the most wonderful bargain counter ever offered to the American people’ RASKOB BUYING NEW YORK Oct‘ 39— (UP)— (John J Raskob one of the nation’s largest stock market operators is buying stocks Raskob said the present decline in stocks will have only a temporary effect on general business condi- tions f “Prudent investors are now buying stocks in huge quantities and will profit handsomely when the hysteria 1s Over” Raskob said “Nearly all pf the standard railroad stocks jare cheap and the industrial list 4s filled With stocks selling at bargain prices” r Association of Credit Men ANOTHER SUICIDE KANSAS CITY Mo Oct 3tf— 1UP) — John D Schwitzgebel 45 son of the vie? president of the Commerce Trust Co died here today the victim of bullet wounds self-inflict- ed because of financial worries Schwitzgebel shot himself twice ttbove the ' heart yesterday in his Office in the Kansas City club Close friends attributed his act to recent financial reverses although his father Henry C Schwitzgebel “ declared he had not suffered through the stock market crash DELAYED OPENING YORK Oct 30— (AP)— Governors of the New York stock exchange voted today to delay the opening tomorrow until noon and to Close the exchange on Friday and Saturday The exchange will be open Monday the day preceding election dav The governors in an official state- J NEW ? ment said: “The volume of trading in the last w’eek has been 50 enormous that the organization of the stock exchange houses have readied a point of complete physical exhaustion “The governors have felt under an absolute necessity to (recognize the purely physical and mechanical con- -ditlons and to afford the overworked staff sufficient time to recuperate and recover their strength” The announcement wras made from the stock exchange rostrum by Richard Whitney a (vice president of the exchange ana wras greeted with prolonged cheers" The governors of the curb market announced later in the afternoon that it would alo bo cloird until noon tomorrow and that it would) be closed Friday and Saturday Private cable advices to Wail street stated that the London stock exchange would also close Friday ROCKEFELLERS BUY 30— (AP)— Oct NEW YORK John D Rockefeller Sr in k statement issued today announced that he and his son had been purchasing sound common stocks for several so In days and would continue to substantial amounts at ’levels which we believe represent souhd invest- ment values " ' |