SEWARD,
ALASKA
“CENTER of
EVERYTHING”
*
%
Seward
COAST TERMINAL OF THE
ALASKA RAILROAD
v * DAILY AND WEEKLY
Gateway
TERMINAL FOR THREE OCEAN
GOING STEAMSHIP LINES
MEMBER ASSOCIATED PRESS
VOLUME XIV. NUMBER 151.
SEWARD, ALASKA.
SATURDAY, OCT., 26, 1929.
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PRICE TEN CENTS
I
PRICES OF COMMODITIES NOT
INCREASED; PRESIDENT
HIGHLY OPTIMISTIC
WASHINGTON, Oct., 26, (/P)— In
spite of weeks of ruinous decline in
► seeuritiy prices, President Hoover is
convinced that the general condi
tion of American business is strong
and sound.
The collapse of the stock market
led newspapermen to question the j
chief executive as to his opinion of ;
the situation, to which he replied i
with a highly optimistic reassuring !
statement. The production and
dstribution of commodities, which
he termed as the fundamental
business of the country, he declared
to be upon a “Sound and prosper
* ous basis.”
As the best evidence of the truth
o: this assertion the President
p anted out that altho production
ar.d consumption are at high levels,
the average prices in commodities
had not increased nor had there
been any multiplication of stocks ;
in manufactured goods. The Presi
dent also said that the trend of |
wages are upward and the indivi- ;
dual output of workers in many in- ,
Castries is growing.
I
■ ON THROTTLE
T
SCORES OF PASSENGERS IN 10
PULLMANS SEVERELY
SHAKEN UP
ELKTON, Maryland, Oct.. 26. (/P) j
—Running with a dead engin
eer’s hand on the engine throttle.
10 Pullman cars of the Washing
. ton-New York Express of the
Pennsylvania Railroad, jumped
the track after the locomotive
sideswiped a buckled freight car
on the southbound tracks at Iron
Hills severely shaking up scores
of passengers on the Express.
George Rollins, 40, was instant
ly killed when a piece of timber
from the buckled car hit him over
the heart as his engine struck
t it. The locomotive was running
free, with the dead man’s hand
on the throttle, when it left the '
tracks and dragged the Pullman
cars after it.
The impact threw a dozen cars ;
off the other tracks splintering j
three to kindling wood and scat
taring debris over the right-of
way delaying all traffic.
TO BOX IN NOVEMBER
CHICAGO. Oct., 26, (/Pi—Sammy
Mandell, lightweight champion,
signed articles to box Jimmy Mc
Larnin of Vancouver B. C., 10
rounds here on November 4.
RIOTING IN BERLIN
% LONDON, Oct., 26, (JP)—Word
was received that rioting had brok- ;
en out in Berlin as a result of the
Nationalist Fascist Referendum on ■
the Young reparations plan. There |
have been many casualities and the
mounted police have been mobiliz
NORTHWESTERN SAILS
SEATTLE, Oct., 26, (/P>—The S. S.
Northwestern, of the A. S. S. Co.,
sailed at 9 a. m. and carried 46 pas
sengers; three steerage. The seven
passengers for Seward include: Mrs.
A. Novak, Mrs. E. F. Herman, Miss
M. Borg, Mr. and Mrs. J. M. Brown,
G. T. Wolfe and Mrs C. A. Cook.
PUBLIC LOSES AMOUNT TO MIL
LIONS AS STOCKS DROP OFF
EIGHT TO 25 POINTS
NEW YORK. Oct., 2, (/P)—Stocks
came tumbling down with greater i
rapidity than at any time since the |
selling movement set in a month I
ago and billions of dollars in mar- i
ket values vfere wiped out during |
the second heaviest trading session I
in the history of the Stock Ex- !
change.
. Losses from $5 to $25 were in
curred by nearly all active stocks i
and in volatle issues declines rang- |
ed as high as $96. Total sales were j
$6,375,000 shares due mostly to |
whirl-wind selling which struck the !
market in the last 50 minutes. Hig>
priced stocks drew no bidding at all.
Among the more conspicious I
losses were Adams Express $96;
Auburn Auto $77; Case Thrashing
$46; and Columbian Carbon $35.50.
American Foreign Power, American
Telephone & Telepraph, American
Tobacco, B. Montgomery W. Ward,
United States Steel, Radio Corp.,
and a host of others were off from
eight to 25 points.
COMPLETE WORK SOON
BADEN, Oct., 26, l/P)—A commit
tee of bankers which is meeting to
inaugurate the Bank of Interna
tional settlements is expected to1
complete its work next week.
TAKES BRIEF RESPITE FROM
WORK PRIOR TO BOARDING
STEAMER FOR HOME
OTTAWA, Ont., Oct.. 26, (TP)—His
mission in Canada at an end, J.
Ramsay MacDonald, Premier of j
England, had a program of rest and I
recreation, preparatory to sailing {
back to England Friday. He played |
golf with Lord Wiilingson, governor I
general of Canada, and later chat- i
ted with Mackenzie King, Canada's
i
premier, on matters of personal im- i
port only. Later Premier MacDon-1
aid and his daughter Miss Ishbel, i
were guests of honor at a dinner
given by Premier King.
While Mr. MacDonald rested,;
work on his plan for a five-power
naval disarmament conference I
went ahead. There will be diplo
matic exchanges among the five;
powers, each exchange being be
tween two of the interested nations.
Great Britain and France will seek
to adjust some of their differences!
before they go into the major par- ;
ley. France and Italy will match
requirements and the United States j
and Japan will discuss their prob
lems together. It is expected these
preliminary conversations will do
much to clear up troublesome, if
minor, points of conflict.
HANDED SHARP NOTE
BELGRADE, Oct., 26, (/P)—1The
Italian government handed the j
Jugoslavian government a sharp
note relating to the student dem
onstrations in this country and the
Langu Age of the Jugoslavian press
investigations demanded of an af
fair at Ragusa when two Italian
sailors were beaten by citizens. In- !
lemity for the sailors also is de- (
nanded.
CONDITION SERIOUS
PARIS, Oct., 26, (TP)—Georges
Clemenceau, war-time .premier of
France, who recovered from a se
vere heart attack early this week,
suffered a relapse. The tiger found
difficulty in breathing his condi
tion became so aggrevated that for
a considerable period he experienc
ed choking sensations.
PAPER VALUES DISAPPEARED
AT RATE MILLIONS PER
MINUTE
NEW YORK, Oct., 26, (£>)—'The
remarkable era of avid public spec
ulation in stocks •which swept over
the country during the past five
years, came to a climax fh uie most
terrifying stampede of selling ever
experienced on the New York Stock
Exchange and other leading se
curity markets.
Not since the war panic which re
sulted in the closing of the Ex
change for 18 weeks in 1914, has
Wall Street seen such a dark and
trying time. Scores of important
stocks tumbled from $15 to $70 a
share. Paper values vanished at
the rate of tens of millions of dol
lars a minute until a banker’s
statement prompted large opera
tors who were reaping millions in
selling the market short to cover
their commitments and prices of
the issues rebounded immediately.
TURF STARTER DEAD
NEW YORK, Oct., 26, (/P)—Mars
Dassidy, best known starter of the
:urf, died at the age of 67 from ab
besses of the stomach. He was
stricken with an attack at the
dose of the Pamica meet a week
igo.
MODE
CODIFICATION FOR ALL STATES HOPED TO
BE WORKED OUT AT MEMPHIS CONVENTION, OCTOBER
The courthouse (above) at Mem phis and the municipal auditorium
(below) will be used for sessions of t he American Bar association which
is now under way. Gurney E. Newlin (upper left) is president of the group
Wdliam Draper Lewis (upper right) is a section chairman, as is Chester
W. Cuthell (lower left). Judge Flore nee Ellinwood Allen )lowTer right) is
the only woman supreme court justic e in the world.
PRESENT INDEPENDENT PRI
VATE RADIO STATIONS
SOON BE EXTINCT
WASHINGTON, Oct., 26, i/P)—
Ending the present system of in
dependent private radio com
j munication chains in Alaska, the
Radio Commission has ruled that
j after December 31, the only licenses
I granted will be for port and
Icoastal services in the Territory
land its waters and be given to pub
lic service communication compan
ies.
| The commission alloted three
I groups of communication chan
. nels for Alaska use, one for point
! to point work, another for coast
i al communication with ocean
going vessels and the third for
1 short range traffic with small
: boats.
Radio telephony is provided in
the latter class and part of the
land communication systems.
One public utility concern has
been formed but which has not
yet offered to take over Alaska
I communication channels,
j Small craft channels wrere re
served for fishing fleets of can
ning companies which are under
! stood to be planning to equiii
I each boat with a radio telephone
set.
i
WOMAN AWARDED 875,000; WILL
NOW SEARCH FOR NICE
MAN’S
NEW YORK, Oct., 26. (/P)~Miss
Marcia Estardus. a night club
hostess, was awarded $75,000 in
her $100,000 suit against Harry
K. Thaw, slayer of Stanford
White, and former husband of
Evelyn Nesbit, on the charges
that he had bit and paddled the
woman with a hair brush at a
New Year’s party in his apart
ment, in 1927.
The counsel immediately moved
to have the verdict set aside as
“grossly excessive.” Justice Aaron
Levy reserved decision to permit
the girl’s attorney an opportunity
to submit opposing briefs.
When asked what she would
do with the money when she got
it Miss Estardu said; “I intend
to look for a nice man and set
tle down. I want children and
everything. I really mean it!”
HURRICANE WARNING
WASHINGTON, Oct., 24, (/P)—A
hurricane warning was broadcast
to vessels in the vicinity of Florida
Straits. A tropical disturbance is
moving northward from a {joint
between GraVid Cayman and the
Isle of Pines.
PRODUCING RILL
i WASHINGTON, Oct., 26, (iT*)—
The $600,000,000 revenue producing
tariff bill will enter upon an eight
hour schedule in the senate. The
| controversal rate is expected to
ibe an early subject of debate.