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Show ,ir Mtt UIr J I vi-? ?4;A- ril 3 : i$ f ''Win r It ruxJ mfaHK? ? -h l ill ill - il'V. - ,ri' i-C.ri't ,! "ill f-- . vKw fs - 7- ' ' ,, U " i 7 - AftP X Alexander Pantages, theater magnate, entering Jail at l.os Angeles after his conviction of assaulting Eunice Prlngle, young dancer. 2 Edouard Daladier, Radical Socialist leader, who tried to form a French government and failed. S Daniel Carter Beard, national econt commissioner, and scouts from New York, New Jersey and Connecticut, Connecti-cut, placing wreath on tomb of Theodore Roosevelt on his birthday. NEWS REVIEW OF GURRENTEVENTS Tremendous Fall in Prices of Stocks Checked by Buying Buy-ing by Bankers. By EDWARD W. PICKARD T TTTER collapse of prices regardless of intrinsic values made the first three days of the week the wildest the stock exchanges of the country ever had experienced. Paper profits of many billions were wiped out and many thousands of amateur speculators specu-lators who had been reveling in "easy money" for months were eliminated completely. The professional bears grimly hammered away and the hysterical hys-terical public dumped their securities In such a flood that on Tuesday the total of shares sold on the New York Exchange was more than twenty-six million. By Wednesday prices had reached so low a level that the big bankers. Insurance companies and individual capitalists began buying heavily, and the Immediate result was a recovery and steadying of the market This buying was given the appearance of benevolence, to a certain extent, but the fact remains that the market did not receive such support until stocks had become a proStable investment President Hoover, and after him Julius B. Klein, assistant secretary of commerce, gave out statements Insisting Insist-ing that the prosperity and the Industries In-dustries of the country were unaffected by the stock collapse and still absolutely abso-lutely sound. Business men generally did not bemoan the great readjustment readjust-ment In the stock markets, for a long time they have been suffering because so many citizens have been using their money In speculation Instead of In the purchase of commodities. The working staffs of the exchange and brokers' offices were so exhausted that a short session of the exchanges was held Thursday and they were closed up on Friday and Saturday to give the traders and clerks a chance to recuperate. Tire securities markets abroad adopted the giime measure. It was generally felt that the crisis was ever and that the confidence of the public was restored, and those who had any money left began picking out bargains in stocks. WHEAT prices having fallen too low, according to Chairman Legge of the federal farm board, who said this was due to the fact that a large part of the year's supply was being marketed too rapidly ; the ooard came to the rescue with a statement that $100,000,fXK) were immediately avail able to farmers to rtabillze prices. The board set the minimum prices on which loans will be carried until the end of the marketing senson. The money will be lent to wheat co-operatives qualified as borrowers under the Capper-Volstead act. Under the plan announced, the farmet cnn get more than DO per cent of the value of his wheat without selling IL Much or the money available already has been loaned. The Fanners' National Oniln corporation, cor-poration, organized under the auspices of the farm board, came Into legal existence with the filing of Its papers of Incorporation In Wilmington. Del. It started functioning at once, with headfii:irt"rs In Chicago. The launching launch-ing of this- corporation, which Is expected ex-pected to solve the wheat problem of the Central states, Is considered the most Important step yet taken by the farm board In carrying out President Hoover's farm relief policies w set forth ii) the agricultural mnriretln act The concern Is expected to give the farmers control of their marketing market-ing and also to stabilize grain prices t a high level. SOMK of the old guard rtepnbllcnns In the (lennte, led ny Iteed of Pennsylvania and F.dge f New Jersey, Jer-sey, have given up hope that a tnrliT bill arccpliible to the Itepubllrnn majority ma-jority nnd the administration can be pnjwd by the special session and want to bring about adjournment by the inld) Nenmbur Probably this group would like to have the bill entirely en-tirely sidetracked in the regular session ses-sion opening In December. However, President Hoover directly asked the senate to pass the bill "within the next two weeks," and though the leaders didn't think this possible, it seemed likely the special session would coutinue until the end of the month. JOSEPH R. GUCNDY, bead of the Pennsylvania manufacturers and veteran of many a political aud tariff fight, was before the senate lobby iu-vestigating iu-vestigating committee for three days, and proved to be the most entertaining entertain-ing witness the senators had yet heard. He undertook to Justify In every way his efforts to keep the tariff high, was apparently frank and open In his statements, and quite unconcerned uncon-cerned whether or not the committee classed him as a lobbyist More than that, he delighted his unofficial hearers hear-ers by his spirited attacks on what he classed as the "backward" states and their representatives In congress, asserting that they should "talk pretty darn small" on policies affecting the states that "form the tax reservoir of the country"- Pennsylvania, for Instance. In-stance. Pressed to name the "backward" states, Grundy declared to Senator W. E. Borah that the latter's presence In the senate Is proof enough for Grundy of Idaho's backwardnefs. Similarly, he bluntly told Senator T. H. Caraway that any state which, like Arkansas, showed such little Interest In a senatorial sen-atorial election that only 30,000 votes were cast must be backward. Grundy listed as "backward" states Arizona, South Dakota, Mississippi. Arkansas, Idaho, Montana and Georgia, Geor-gia, and he didn't think much of Wisconsin Wis-consin and North Dakota. The senators sen-ators from all of these states, he thought, shouldn't "put up any roars. "How would you silence Senator Borah and myself?" asked Senator Walsh. "I should think your Intelligence would suggest silence on such matters," mat-ters," retorted Grundy to the delight of the hearing room crowd, which roared with laughter. Senator Bingham of Connecticut, whose employment of C. L. Eyumon to aid him In tariff bill work was severely criticized by the lobby committee, com-mittee, started a bitter debate In the senate by declaring the committee was packed against the administration and that Its members were playing politics. poli-tics. SENATOR BLEASE of South Carolina, Caro-lina, some ministers of Washington Washing-ton and various other persons have been loudly blaming President Hoover for the liquor and vice conditions prevalent In the natlonnl capital and demanding that h clean up that city. The Washington Times has been publishing articles exposing the liquor traffic there and Its city editor, being called before the grand Jury, gnve a list of sixty speakeasies and bootleggers. bootleg-gers. Three Tlrm-g reporters who were supposed to have purchased liquor at these places In the course of their Investigations were summoned by the grand Jury and refused to give that body the names and addresses of those from whom they bad bought the drinks, declaring this would make them dry snoopers ami cause them to lost their positions. Judge Peyton Gordon thereupon sentenced the reporters re-porters to Jail for forty five days for contempt of court IN ITS legislative elections the 1 province of Ontario, Can. piled Uji a huge majority In favor of the Con scrvatlves and of the policy of gov eminent controlled liquor sales for which they stood. I rentier Howard Ferguson's government won SKi of the 112 seals In the legislature. Ferguson Fergu-son himself doubled his majority of the Inst election; W. K. N. Sinclair. Liberal and moderate dry leader, barely escaped defeat by n government govern-ment candidate, and John (J. I.eih bridge, bone dry Progressive lender, was beaten In the ordinarily dry rid Ing of Middlesex West which he has represented for ten jears. EDOUARD DALADIKR, the radical Socialist who was Invlled to form n new government fur France, could not persuade the Socialists to par llclpate, and therefore ho was forced to give up the task. Then Etienne Clementel, president of the senate finance committee, tried and failed, and the difficult job was undertaken by Andre Tardteu. CHINESE government forces were pushing rapidly forwnrd In a wide area In Honan province and engaging in heavy fighting with the rebel troops which were said to be retreating. Gen. Chiang Kai-shek himself, president presi-dent of the republic, went to the front to lead the attack. The civil war conditions In the Yangtse valley were considered so serious In Wash Ington that six United States destroyers destroy-ers were ordered from Manila to Chinese waters to protect American lives and Interests. CMGHTY-SIX American officers and 1 soldiers who were members of the expeditionary force at Archangel In 1D18 and 1010 and perished there are on their way back to Michigan, their home state. The bodies, retrieved re-trieved by the graves commission, were conveyed on board the Soviet steamer Lieutenant Schmidt to Havre, France, whence thty were to be brought to the United States by an American battleship. Sixty-two of the dead have been Identified. All were members of the Detroit Three Hundred and Thirty-ninth Infantry. ITALIAN Fascism celebrated Its sev-1 sev-1 enth anniversary with much eclnt. and needless to say Premier Mussolini was the central figure of the affair. In an address to GO.000 Black Shirts In Rome the Duce reviewed the progress Italy had made under his rule and gave It his full approval. He told bis fid lowers the country was "armed In heart and hand" and ready for peace and for anything else; and he again warned the rest of the world to keep hands off. TrtAGEDIKS on Lake Michigan cost a number of lives. The liner Wis cousin from Chicago foundered In a storm off Racine and fifteen persons, among them Cupt. Douglas H. Morrison, Mor-rison, drowned despite the heroic efforts ef-forts of life guard crews. Sixty others were snved. Later In the week the steamship SenHtor nnd the ore boat Marquette collided north of Milwaukee, Milwau-kee, the former going down with 8 dozen persons, and the Marquette barely reaching port. FORF.MOST In the week's death list Is the name of Theodore E. Burton, Bur-ton, United States senator from Ohio, who passed away In Washington after a month's Illness at the age of seventy seven years. He had served a total of forty-four years In congress. After many terms In the house he was sent to the senate. Later he returned to the house, and finally went back to the senate. He was one of the leaders ol the Republican party. Funeral servk-es for Senator Burton were held In the senate chamber In the presence ol President Hoover and other high ofll cials and ten senators accompanied the body to Cleveland. Other notables claimed by death were Itev. E. S. Shuuiiiker, superln tendent of the Indiana Anil-Saloon league; Sir Grahnm P.alfour, British author nnd biographer of Stevenson: Prince P.ernhard von Buelow. formci chancellor of Germany; Itev. John Itiiach Stralon, fundamentalist Baptist preacher of Now York, and Kihvin 11. Parker, arbiter of International World war claims. WHEN Ihejiiry In Washington found Albert I'. Fall, former secretary of the Interior, guilty of accepting u bribe from Edward Doheny for a naval reserve oil lease. It was announced tluit lire oil magnate hi self would be put on trial early In ,I nunry. The verdict was a most painful surprise to Mr. Fall ami his relatives anil friends. It made him liable to n maximum sentence sen-tence of tbrett years In prison and a fine of $:i(Kl,iKKl, but the Jury reconi-nrniiled reconi-nrniiled mercy and It was not believed the aged and Infirm man would be sent to prison. Out In Los Angeles nnolhcr Jury brought In verdict of guilty ngalnst Alexander Panlages, theater magnate, who was accused of assaulting Eunice Prlngle, n young dancer. It recommended recom-mended that he be sentenced to tiro penitentiary but asked that the court extend leniency. (It). I92t, Wtorn Nwaipw Unlo.A |