Show i $ The Weather Report on File (Detailed Ten-A- ) VOL 124 NO 123 SALT LAKE CITY SUNDAY MORNING FEBRUARY Swift Rally Billions to Of Stocks Bonds Staples Soar Traders See Upturn as Reflecting Optimism of Bank Aid By CLAUDE A JAGGER Associated Press Financial Editor NEW YORK Feb 13— The stock market surged upward with increased vigor today in the most fevensh weekend session in nearly two yeats to the dissonant accompaniment of cheers from bulls and groans from hears The powerful antideflation tonic administered by the proposal to liberalize the federal reserve system had by no means turned stale over yesterday’s market holiday but rather appeared to have increased potency Net gains fn most leading issues ranged from $2 to $14 50 a share and several issues in which bears found themselves painfully'pinched zoomed upward even more spectacularly than they did during the sweeping upsurge on Thursday Prices Add Billions Price averages indicated a gain In quoted values of more than $5000000-00during the two sessions of swift recovery restoring the general level of prices close to the peak of "Several leading issues including United States Steel and American Telephone registered new high levels for 1032 Various speculative interests not only in the United States but abroad which had been short of American stocks paid severe penalties accord ing to brokerage house gossip but while the retirement of the bear contingent provided much of the upward impetus brokers said a large volume of real buying appeared from speculators and investors who once more hoped that the bottom had been roached One of the most spectacular advances was in Union Pacific which shot up $21 50 to a price of $97 50 making wide leaps as bears found the market devoid of offerings anywhere rear previous prices It later fell back to close at $88 62 as the frightened bear demand was satisfied On the whole however the market closed rear the day's best levels despite late profit taking The action of American Telephone also struck teiror to the hearts of the bears as it spurted up $15 75 a share to $134 It closed at Idle Dollars Drive Brings Many Ideas CHICAGO Feb 13 (UP)-- Big business firms clubs and individuals literally deluged Colonel Frank Knox’s office towith and suggestions day pledges of cooperation in carrying on President Hoover’s campaign to bring back prosperity by putting idle dollars in circulation Knox as chairman of the citizens’ antihoardmg committee is centering his efforts now on perfecting a powerful nato wage tional organization war on hoarders The response to President Hoover’s appeal has been amazHis mail toing said Knox day included hundreds of letters relating efforts being made to bring back "prosperity consciousness ” The U S Building and Loan league sent letters to all its members people to urging "keep their money at work" Several large concerns wrote Knox they would pay fox page advertisements urging people to spend A midwest business man suggested “a three months’ moratorium on depression ” A New Yoiker wants newspapers to "quit using so much black ink” He says it "scares 30’iie Lead 375c Copper 615c Zinc t0c PAGES—TEN CENTS A! Mail Route SILVER QUIZ Silver 70 11 1932 AM ii Net Gains in Leading Issues Hit Maximum of Fourteen Points Local Metal Prices ff OUltf UTA?! — Fair Sunday and Monday IDAHO — fair continued cold WYOMING —Generally fair NEVADA — Unsettled snow At Shanghai Storm Center DEEN DEALS Fight Brings Parley Call ATM BLOW JAPAN ARMY i r (l t f f j fti Mf LANDOFFER Ulalnis Western Air Officials Plan Plea for Declares Group Adopts Foreign More Funds at House Hearing West Plan for Interpar- liament Study (Special to The Tribune) WASHINGTON Feb 13— Representative Loofbourow and National Fabian will meet Committeeman Monday with President Hanshue and Secretary Miller of the Western Air Express to further discuss the plight of the airmail route between Salt and steps Lake and Los Angeles necessary to save it As the postmaster general made plain Friday that he cares not a whil about the wishes of the people of Salt Lake or Los Angeles and as the (By Associated Press) prospect for increasing the appropriaWASHINGTON Feb 13— A group tion for airmail another million dolof western and southern senators lars over the budget estimate seems agreed today to accept the invitation remote they will consider other of members of the French parliament means of forcing restoration of the airmail service between Salt for the formation of an informal in- night Lake and Los Angeles terparliamentary association to study Mail Total Dwindles legislation to restore the purchasing Representative Loofbourow today of the learned that abandonment power of silver money The agreement was announced by night flight on this route has all but entire airmail service Senator Pittman Democrat Nevada wrecked the two western cities Prior the after he and other senators had con- between to December when both day and ferred with Pierre du Pacquier night service was operated the WestFrench business man and representa- ern Air Express carried a thousand tive of a group of members of the to fourteen hundred pounds of mail daily from Salt Lake to Los Angeles French parliament and around 700 pounds from Los AnPittman said he believed the agree-me- geles' eastward through Salt Lake would "tend to bring a common Since the night service has been abandoned the mails westbound from understanding as to the best character Salt Lake to Los Angeles have avof legislation" He emphasized the eraged around 100 pounds and the proposed association was entirely in- eastbound mails have dwindled to 75 formal and not of an official char- pounds On this basis the Western Air Express explained to Mr Loofacter that they cannot continue Senator Borah Republican Idaho bourow day line in operation as they will be head of the American group their been deprived of 90 per cent of Pittman said Other senators who have mail revenue and what lemains have joined the group or may he said their not pay expenses Twice during include King Democrat Utah Wheel- will 1931 the postoffice department made er Democrat Fletcher 10 Montana in the rate of pay to Democrat Florida Bankhead Demo thisper cent cutsand a third cut of 10 company crat Alabama Walsh Democrat cent was made when the night Montana McGill Democrat Kansas per dropped and the service Robison Democrat Arkansas Black planes were to dav flights This is a toDemocrat Alabama and Sheppard confined of 30 per cent within a and Connally both Texas Democrats tal reduction and with the tremendous falling "It was agreed" Pittman said "that year off in business the company main with certain limitations those in the it will have no alternative but senate and those in the house who tains are favorable to some action looking to sell Its planes and close up shop Loofbonrow Backs Plans to the restoration of the purchasing Information has come to Represenpower of silver money are willing to enter an informal association with tative Loofbourow from various similar groups from other nations for sources that considerable manipulathe purpose of exchanging views on tion is going on in airmail circles with the subject ” reference to control of lines and an The conAmong other nations which prob- attempted consolidation ably will be invited to join the asso- gressman regards it as a wholesome ciation the senator said aie Great thing that two independent com Britain Canada Belgium and Italy panies should operate between Salt Lake and the Pacific ' coast and he wants that to continue Bryan Views Silver Mr Loofbourow called on Senator As Nonpartisan Issue Smoot today and offered to go with DENVER Colo Feb 13 (UP)-- No the senator to the director of the natural antagonism exists be- budget to urge an increased estimate tween gold money and silver money for airmail service as the senator had but each is necessary as a supplement agreed yesterday to do The senator to the other William Jennings Bryan however said it would not be posJr who was in Denver for the West- - sible for him to go today The matter now rests until after the Monday con (Contlnurd on Page Eight) ferenee (Column Three ) INCLUDES BORAH New Attack Results jiji Opposes in Heaviest Losses Conflict to Date HITS PROPAGANDA Tank Assault Next Fears Fleet Brings Troops and Munitions Past Silenced River Forts Senator King Also in Group Nevadan Reports in Changes Control Menaces Road Aid By HARRY J BROWN York Times (Salt Lake Tribune-NeTribune Correspondent Service ) WASHINGTON Fb SHANGHAI Feb 14 — Between ing himself m entire accord with Rep 1000 and 1200 Japanese were killed resentative Colton in opposing the or wounded and Chinese casualties were even heavier in this afternoon’s Evansj bill which would carry into X INDICATE AREA FORTS of the effect the recommendations desperate fighting at Woosung creek com Garfield Hoover conservation WHERE CHINESE according to an official announcemission and offer to the states the ARMY IS NOW ment from Mayor Wu almost worthless surface rights to The nineteenth route army admits ENTRENCHED and what remains of the public domain that the Japanese crossed the creek ARROWS show only Governor George H D6rn of Utah and then the Chinese flung a brigade POSSIBLE LINE OF into the battle resulting in the greattoday informed the house public lands RETREAT est slaughter on both sides of any committee that Mr Garfield chairJAPANESES engagement since the Shanghai clash man and Mr Francil Wilson score INRBDITIONARV developed had of the either commission tary BASE The Japanese admit heavy casualmisstated or misinterpreted the atti --ties including one captain and sevtude of western governors and miseral other officers but say a vanguard ARROWS SHOW understood western sentiment when still holds positions across the creek after told congresscongressman they DIRECTION of JAP says that deMayor Yu CHINESE man that western sentiment was alof the arrival of the knowledge spite ADVANCE most unanimously in favor of their Japanese transports the Chinese are people" and plan receiving heavy reinforcements deHolds Commllee'i Interest their are positions strengthening or Troops termined to make desperate resistThe governor was not violent in -ance his condemnation of the propaganda conducted at Washington by Messrs 'nSRtOGING (Copyright 1932 by the New York Garfield and Wilson but he spoke di jkWOOSUNG CTtCEK Times) rectly and ln a way that could not be VjTJAPANEIC warship misconstrued ACOOUNO ieWHANrPOO This was the first- time the public Japanese Transports lands committee of either house has fcfSHANGHAI Troops Bring taken cognizance of the legislation in SHANGHAI (Sunday) Feb 14— question and the Utah executive held (P) — Seven Japanese transports that the Interest of the full committee steamed up the Whangpoo last night r statement throughout his under the very noses of silent ChiHe was frequently interrupted with Upper American marines marching through the streets of the nese advoguns at the Woosung forts bea If theie is single international Inset settlement Colonel questions Richard S Shanghai cate of the surface rights plan of the Hooker in command of the Fourth regiment which has been quar- gan discharging 10000 fighting men and great loads of modern war munihouse committee he did not disclose tered in Shanghai since 1927 Lower map Lack of Roosevelt Platshowing the areas where tions on the Shanghai docks this his inclination today rather every Chinese and Japanese are preparing for a titanic struggle morning member who interrogated the govform Declaration BeThe Japanese expeditionary force ernor and most of them did indibrought along a large number of cated sympathy with his argument clouds Outlook tanks which will be used to crush the and with his objections to the Evans strong Chinese machine gun positions bill m the vast network of trenches in I acks Pride of Authorship Chapei By MARK SULLIVAN Even Chairman Evans who introThese new transports coming on York duced the bill at Garfield’ insistence (Salt Lake Tribune-Nethe heels of six troopships that arhad western other after congressmen rived Friday were convoyed by four Service) refused to sponsor it disclosed no WASHINGTON Feb 13-cruisers seven destroyers and six torthe nearest of The ap authorship pride pedo boats Democratic presidential situation clarthe to for word a friendly proach The ease with which they entered ified to a large extent by Garfield Hoover plan was the attempt the Whangpoo indicated to military to of Idaho Smith Smith’s statement of his position it by Representative observers that the long Japanese inie-- t into the midst of the goveris possible so to speak to make a bombardment apparently put the — Francis article statement an nor’ and tentative by preliminary very guns of the fortress out of commis(By Associated Press) surfare the of the Wilson lledpropagandizing commentators agreed blieprlnt GENEVA Feb 13— The disarmament conference today heard sion theMilitary Franklin Roosevelt continues as he rights idea that appeared recently in Chinese scarcely would have that $132 75 a W Yen of China declare that its success or failure depended raised W committee The a Save’ for the indications of lor s0 tw0 ln hasbe?J magazine year’ permitted the big troop movement if rapid howl of piotcst at this and the Wiloutcome of the far eastern conflict and thereby the in- their guns had been ip shape to send the progress through congress of the lead Whether Roosevelt’s lead will son article was kept out of the rec- ternational statesmen completed two weeks of Work in the course the transports to the bottom of the bill to increase the flex be materially reduced by Smith’s ord Mr Wilson will have oppor- of which of willingness to have rivtr ibility of the federal reserve system announcement they have heard 25 speeches totaling 127000 words tunity to be heard later the market received little in the way delegates elected in his behalf will Maneuvering Expected These addresses have clarified the' not be until the apparent primaries Colton Illness to joint but may do so to Although Japanese military auAway Keep (Continued on Paso Eight) issues before the delegates and have reluctant m large eastern states where Smith (Column Four save the conference Colton who thorities announced they expected Representative them some hope that the probsentiment is strong The United States however gave their big drive to start “at the earliest the hearing for Governor given There are condition affecting be solved face will lems of one the they conference compro- possible moment” it was believed Dern was detained at home by an point Roosevelt's candidacy that make exattack of grip The conference which began in mise by agreeing to budgetary or there should be additional diplomatic perienced observers doubtful about financial limitation Governor Dern opened his argu- deep pessimism ha developed some maneuvering before the guns and its essential strength Roosevelt alThe speeches have shown that all tanks prepared the way for assault Iment saving: "I am in thorough A few points m fact although governor of New York has WASHINGTON Feb 13 WP)— Sen- - me remain here because you are a accord bywith optimism some on important lines of Japanese bayonets delegates agreed Representative Colton in come to be pnmanly the candidate alors assumed the of the United States senate his views on this problem When Mr ready ate regarded as virtually set- points Every one expressed willingDuring the last few days the action roiq of peace nego- member of the west Further than that he is And I have not stated an untruth and Colton speaks he speaks for the state tled ness to eliminate bombing planes has been confined to the atr to the more the candidate of the south than tiators today to bring Secretary Hur- I decline lo let and chcmiral and bacteriolog- big guns and to exchanges of shots you call me a liar” I am here principally to of Utah Two camps have arisen whirh at tanks LOCAL AND VICINITY of his own section the east ley and Serial o r ” "I have not" said King ical warfare and to reduce the size by machine gunners and riflemen m bark him up lateirreconcilable but first seemed kilt Lake living costa show decline King Demo crat Wins Wide Support of big guns both naval and land" the trenches but yesterday there was "I will not remain before this com- The governor Immediately took Page I a brief hand mittee and permit it" shouted Hur- cognizance of the lobbying done by ly commentators have declared that pieces clash The thirteen westernmost states of Utah together afd Road workera clear get together eventually might highthey A majority of the delegates deA party of 15 Japanese commanded ley the union are more or less commit- ter a tur b u e n t Mr Garfield around congresses early i of the ways Page first" slogan "Security "AH right" said King in December saying he had received one eamp- —disarmament DrM"-o- f the clared against the submarine All by a sergeantmade a quick raid from Jookslike clasts on PhilipDistrict- - Judges suggest -- ways-tocut ted to RooseyeltThat agreed lhat some budgetary limitation their position on the west bank of word that Garfield was saying the other court costs Page strength and on paper it is but pine independence Charges “Star Chamber" must be reached the Woosung The raiders crossed to his feet Hurley in ring- resolution of the western governors Stalking out 1 of American Legion fetes Harold L Plum- there is something about it which is France is commander-i- n rbigf of Leaping In his speech at today's session Dr the stream on a frail foot bridge indicated that the security faction with mer national vice commander Page so to speak contrary to nature Those the c o m m 1 1 ee ing tones exclaimed “Now you can adopted at Portland Yen declared that the conference Sharp rifle file from the Chinese lines western states constitute the most room asserting he Poland Jugoslavia Rumania run your star chamber proceedings all the tyest Is for the Garfield plan Air mail fight brings meeting call "So far as Utah is concerned that and Belgium as her lieutenants The would fail if the covenant of the forced them to retreat hastily but progressive portion of the Democratic would not stay and here browbeat witnesses in your 1 of Page Kellogg they effected the capture of one Chiparty The Democrats in those states to be “called a but you must not call me a liar and is not the case" he said "I have not commanders in the other ramp are leaguewere nations andto the NATIONAL crumble to nese soldier are If one except the avowed radicals liar” the war de permitted I have taken found anybody in Utah who thinks it the United States Great Britain Ger- pact me to it take permit to adds billions stock situaThe captive taken to headquarters Spectacular rally at the extieme left of the American partment for the many and Italy would be a paying proposition pieces over the head Values Page just about all I can stand from this state tion said he was 20 years old had been ln to accept these lands ’’ A survey as the conference opened You won't permit the committee Dern deals blow at transfer of public electorate They express themselves broke up a senate outcome "The of the m the senate for example in the per- hearing on the present strug- the army two months and enlisted “to lands Page 1 Think Altitude Misunderstood disclosed points of view apparently truth to be told" to ward off external aggression in get something to eat" Senators Join French plan for study son of Wheeler of Montana who once question after a France gle The stalwart chief of the war destates incapable of reconciliation western of the attitude “The must Inevit- lnost virulent form of sliver Page ran for vice on a third party dramatic Snow Hamper Attack here in vsould not give up security In favor ablv and largely determine the armapartment was striding toward the has been misunderstood Smith looms large in race to lead party ticket and president is now advocating free of words with wanted of told disarmament "I most of Saturday it snowed as door he shouted in the Germany Governor During you continued Pace I Washington" ment the which Chinese nation policy Senator King coinage of silver in precisely the same King on the Woosung fort impeding the acthe objective of the Dern WORLD NEW that general disarmament for victor states will beginning he said Brvan'si Later In the dav when other sen terms as William pursue" of the airmen alstatfn was three-folthat it When he learned of the way Gar- as well as the vanquished Italy wantJapan rushes more troops lo Shanghai 4896 platform and Jennings The Polish delegation in the person of alors brought them together at the was deposited tivity they Japanese ed panly with France which France with Arthur aloft dropping though Page 1 were socl(1i economic and political Wilson slayed field and Interpreting conference Henderson is of Chairman pijHiham Rcpub who to Geneva Senator Dill of Washington ( him sounds challenge ocrasionil bombs velopment of these islands for inde the Hetion of the western governors' would not giant (Continued on Pa Four) rms parley almost aa extreme as Wheelpr helm Connecticut both Hurley and ppnHence” Pag I The Chinese made good use of the Speeches and conversations during he wrote lit December conference (Column Thrf) to Frank II Ktmnnds mi Orient ilrlfr state two Wheeler are Dill and withdiaw any Thrse let-uKing agreed “Now ymj distort everything that I to every governor attending and sev- the last week have disclosed a desire necessitated by the blizzard destroys confidence In pear Page of the Roosevelt for ments ardent They have integrity thesayi gnd thpn ra me lllir Now eral agreed with him that the confer- - for conciliation impugning Geneial Tsai Ting Kai the FEATURES AND DEPARTMENTS raised their voices in Ilia behalf more oilier France whose plan for an intercan have your meeting I will notPnce had not intended to endorse the commanding the defenders reto In the tense atmosphere ’of the you often and more strongly than any Pages Sporta aectlon arranged his front lines and reserve appear before a committee where DGarfield surface rights plan nor did national police force as presented bv Real estate other Democrats of equal rank Pre crowded committee room where War Minister Andre Tardieu was in order that he might be piepared to got to be callcd a llar Editor la la Forum letters Hera In the sumably Roosevelt's they wish to accept the lands strength in the ley had clashed sharply with Kingi meet the impending Japanese thrust West Senator from Sandpit Governor Rolph of California Gov- aimed only at security and did not Page Silence Follow Departure w est must reflect this type of thought of advocates Democratic and other mention disarmament later expiesaed Mine oil stock and market pages and turn it bark General Tsai deIn the silence that followed his ernor Ross of Idaho Governor Hunt to the conference her willingness YUMA Ariz Feb 13 The Democratic voters of that terri to to Tages clared he had 25000 men ready for the Arizona and Governor Balzar of GO miles Moiiauk of exit the senators looked at each of the Music drama and acreen Page as tory must think that Roosevelt is their disarm well valley action weie especially in accord to olher for a moment without spdSklng NevadaGovernor Society aectlon Pages kind of man Italy changed her claim for parity east of here were warned tonight to Additional Dern that the attiJapanese transports - with “The Million Dollar Olrl” serial to turned chairSenator Then their homes leave for King a to ground claim for higher a Sees Question their total and strength undisclosed "perequation" using After series of sharp interchanges mfm Blngbam and ad “That ends tude of the governors Was being misFage of as the river fed wateis Gila the in term not French which did appear Classified advertising rages B to weie apptoachmg Shanghai and weie But can this be so? If Roosevelt with King Hurley exclaimed “You this session does Ilr’ Bingham represented Governor Dern explained that In the English translation This mean by heavy rains and melting snows expected to arrive soon Turning the Dial Page is the kind of candidate the extremethe hearings dosed and the rlared in its levees every question burst to be achieved absolutely Lieutenant General Kenkich 1 SUPPLEMENTS supporting the resolution of the gov- approximate parity ly progressive west wants can he also went into executive session Bearing a mounting burden of wa Uyeda who is in command of all gradually through successive diminuTribune Junior on Pie Nln) be the type that the conservative you have asked ”me tried to distoil (Contlmici) Earlier Secretary Hurley had been tions of the difference between the ter the levees held last night and Japanese land operations arrived Sat- Twelve pages of the world's best romlrs east wants? Is it in nature that Roose- what I have said (Column One) two countries France and Italy al- through eatly morning until the first mdiy'with" his $Yaff "aboard" the Mi“I resent that statement That state accused bv Senator Cutting Republi-mn- t Magaiine section with Philip Luring velt should carry these western Demr of rIRE C1IAROFD AFTIR the u nntnto bq vnnr atnip- - an Nw Mexico one gover ready are conducting duect ncgotia- - break at Three Wells A hundred kasa Maru a short time before the ocratic primaries overwhelmingly Thot of Art and literature pages advocates b- - k workmen rushed to the (pot and be seven transports making "a SUDBURY Out Feb 13 (P)— W E tinns ve bren' Leaders of the King Fannie' Hurst “Mediocrity— It's Dane and also carry the primaries In New from his to Rked spoerh vhen reply Mason publisher of the Sudbury Star Germany said she would be willing gan frantic repairs which were just Japanese community including place near the head of the sDimyj At this moment it is Corn- Ingland’ grrotis a ° ‘Simple question and the North Bay Nugget was ai lhat equality between victor and van- - completed this afternoon when an rls plct fl y taken for Riantod it is slrrnvt long committee table Kathleen Norris “Two Hundrrd Shigemltsu lokvos minister to "When 1 say anything here" Hur- - rested today on a charge of anon in quishecl slabs be reached in some other section was swept away u 1 "Well now Senator—" Chirm and Consul General hif rVoi a settled proginm that Roosevelt is ?uti" 8 in of 30 the future yenr by gradual redw tinn The At lev exclaimed "if it appears "Prrn ecd” ordered King op connection with the burning Mural turned out to welcome tonight a still lai gel segment have delegates from most of "Of couise" of head United States will stand aloof fiom gave way An hour later one home'him said Hurley his voice position to the profound wisdom Sudbury Tiansit company Just a Trifla Mmple" "You’can enndurfstar chain vou gentlemen it Is a stump speer h 'quarters on September 6 with a loss guaranteeing seemity but a way out had been flooded and the alarm was Japanese leaders declared they tiH consent How ran' Beiirve it or Not Ma-g of was KPnuPmPn the what snunded for ranchers and their fain bllf vmi $16000 secretary trea may be found by an My pr(KfdlnKJ (n hpnf and csl (Continu'd on P Tv) 1 tbitrer of the transit company a liar but you cannot say it ant let height of statesmanship" (Column kb) iguaiantee im lading England wiio is liies to seek higher giound 0 SMITH LOOMS y Glass-Steaga- Summary of The Tribune LARGE IN RACE TOLEADPARTY Herald-Tribun- e With - 13-D- cclar vvobsui Teh-che- n nowopri n —4 y Teh-che- iV k19l hkrmyt $ n ©Whfi- JAPS tondind OJAPANESE - 10000 two-hou- China Sounds Challenge To Geneva Arms Parley Dr Yen Declares Success or Failure Hinges on Conflict in Asia Utah Senator’s Questions Goad Hurley to Outburst d storm-blocke- 1 10-- B - 10-- B Czecho-Slo-vak- 10-- B Sino-Japanc- se 1 battle 1 Arizona Flood C C poet-warri- Routs Ranchers Hur-!bav- e (UP)-Ranc- C h-ers (-- 0 18-- -- l-- B e B Wip - mls P"noe 11a-rno- Kara-mits- m |