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COMMUNISTS MEET
TO SELECT SLATE
NEW YORK, June 24 (TP).—The
Communist party opens its ninth
national convention this morning to
nominate its own candidates for
president and vice president of the
United States. The party chairman
and three-times presdential nominee,
William Z. Poster, will open the con
vention. General Secretary Earl
Browder sounds the keynote this aft
ernoon.
The Communist convention will
run through Saturday inside the
Manhattan Opera house. Sunday
night, the party will move into Madi
son Square Garden to nominate its
ticket for the 1936 campaign.
CHAOS REIGNS AS TWO
DIE IN FATAL PLUNGE
TACOMA, Wash., June 24 (TP).—
The Ferry boat was due and the au
tomobiles crowded the lane to the
dock. Three women were in the
first car, waiting for the ferry to take
them across the sound to Tacoma.
The traffic moved slowly ahead —and
then t happened.
The first car went out of control.
It tore through the heavy chain bar
rier and raced for the edge of the
dock. The women screamed as it
plunged down into the bay. Two of
the women were drowned. They were
Mrs. June Sullvan of Bacoma and
Mrs. George Bancherel of Santa Cruz,
Cal. The other, Estella Shanley,
fought her way out of the car. Her
pet dog bobbed to the surface beside
her. She was pulled out and volun
teers plunged in to recover the
bodies.
PLAYGROUND CHILDREN
HAVE TO SALUTE FLAG
PORTLAND, Me., June 24 (TP)—
The supervisor of Portland’s recrea
tion department ordered children to
salute the flag today—if they want
to play on the playgrounds. The state
has no teachers' oat hor salute to
the flag law, but Supervisor Lee laid
down his own regulations.
He said positively that children in
the parks must salute the flag when*
it is raised and lowered. Lee caught
five youngsters walking off the
grounds while the flag was coming
down. They apologized, but Lee said
apologies won’t be accepted in the fu
ture.
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ALFONSO IXI3X \\ COPYRIGHT 1936, CENTRAL PRESS ASSOCIATION 6*26
CUTTEN DIES OF
HEART ATTACK
DEATH CLOSES CAREER OF
SPECTACULAR FIGURE
CHICAGO, June 24 (TP)—The
wealthy Chicago grain trader, Arthur
Cutten, died today after a heart at
tack.
The 66-year-old trader experienced
a spectacular career which at one
time brought him the title of the
“Grain King of the World.” Cutten
started out in 1890 as a $7 a week
clerk. He amassed a fortune estimat
ed at $160,000,000.
Cutten caused a sensation in 1924
when he almost cornered the Amer
ican corn market. The general be
lief at the time was that the price
would drop. Cutten bought on every
opportunity, selling out only when
corn had jumped from 70 cents to
$2.05 a bushel.
In 1935, the Grain Futures Com
mission barred Cutten from trading
on the nation’s grain exchanges on
charges of alleged short trading. Cut
ten appealed the case to the U .S.
Supreme Court and won a reversal
of the ban. Shortly afterward, he re
, tired from all activity in the nation's
exchanges because of his poor health.
LINE BLOWS UP,
FIFTEEN INJURED
_
EXCESSIVE AIR PRESSURE
CAUSES EXPLOSION
AT PLANT
BUFFALO, N. Y., June 24
One employe of the Trico Products
Corporation was killed today and 15
others injured when a compressed air
line exploded. Otto Muelle., who was
operating a die casting machine, was
the worker killed. He was caught in
the path of the pipe which gave way
under 500-pound pressure. All of the
other employes who were injured are
expected to reoovw.
Windows on the fifth floor of the
plant were shattered by the explosion.
Authorities ordered an investiga
tion to determine the cause of the
accident.
HEAD-ON TRAIN CRASH
INJURIES 35 PERSONS
ST. LOUIS, Mo., June 24 (TP)
The head-on crash of two railroad
trains caused minor injuries to 35
people today.
Twenty-three of the victims were
negroes enroute to a Baptists’ conven
i tion at Kansas City. Their special
train rammed into a cattle train.
SAVANNAH DAILY TIMES, WEDNESDAY, JUNE 24, 1933
] ROOSEVELT SEEN
AS BIG FAVORITE
MAGAZINE SEES 60 PER
CENT. OF VOTERS ARE
STILL FOR HIM
NEW YORK, June 24 (TP)—For
tune Magazine raised its business-like
voice this morning to declare that
President Roosevelt still carries the
favor of nearly 60 per cent of the
voters. Fortune based its statement
on its popular quarterly survey reveals
a shrp drop in Roosevelt supporters
since the April survey..
Said “A total of 29.8 per
cent of those who replied to the ques
tionnaire think Mr. Roosevelt’s re
election is imperative. 29 per cent be
lieve that while the president has
made mistakes, no one else could
do as well. 16 per cent think Mr.
Roosevelt’s usefulness is over. Nearly
20 per cent say that another Roose
velt administration would be about
the worst thing that could happen
to the country. Mr. Roosevelt is los
ing ground among voters under 40
years of age. New England seems
most concerned about New Deal
spending.’’ Summing up, Fortune
hinted that a skillful Republican cam
paign might precipitate a trend that
l would embarrass Democrats on elec
ition day.
EMANUEL COUNTY
BACKS ROOSEVELT
DR;VE TO RAISE QUOTA OF
CAMPAIGN FUND IS
UNDER WAY
(Special To The Daily Times)
SWAINSBORO, Ga., June 24.
Emanuel County Democrats have
been organized and are actively be
hind the campaign to raise its quota
of SI,OOO for the Democratic cam
paign fund, by the sale of ‘nomina
tor’ tickets. The plan outlined by
National Chairman James L. Farley
is being carried out.
A. S. Bradley, county chairman,
and one of the Democratic electors
for the state-at-large, has appointed
community chairmen, who in turn
have appointed a committee to sell
the tickets in their respective com
munities. Reports here indicate
that the community committees are
meeting with success and that Eman
uel county will sell more than SI,OOO
worth of tickets on or before 9 p.m.
Saturday, June 27, the hour Presi
dent Roosevelt is scheduled to make
his speech accepting renomination
on the Democratic ticket.
Community chairmen are: Mrs. C.
Ennis Powell, Swainsboro; A. L.
Brown, Canoochee; H. H. Stewart,
Garfield; A. J. Kingery, Summit; J.
E. Henry, Summertown; Alex Hughes,
Stillmore: Dr. L. G. Moye and Rufus
Yeoumans, Adrian; Victor Jenkins,
Blundale; C. R. Horton, Covena; H.
V.' Durden, Norristown, and A. L.
Powell, Oak Park.
It is planned to hold community
meetings and hear President Roose
velt’s speech on the radio.
Market Letter
WALDO YOUNG—I see nothing in
the Philadelphia background to war
rant expectation of further immediate
rallying power. If anything occurs to
make holders of stocks nervous, and
active selling develops, it will be time
then to be on the lookout for buying
opportunities for another possible
phase of rally. But unless one is a
fast in and out trader, it would be
better to try for a spell of real weak
ness between now and the end of
week, rather than attempt to select
the stronger spots of an extremely se
lective market.
TOPlCS—Pacific Mills, could very
easily go to the 20’s this move. But
think best policy to accept profits this
event. Crosley Radio, if possible would
be willing to replace near 25. Later
expect at least forty for a stock that
is earning at rate of better than $5
per share annually. Douglas Air Craft,
Remained firm yesterday and think
this is a good time to be stepping out
of recently bought stock. It could
easily go below sixty again and in
that event would be looking for some
soft spot to replace it. U. S. Rubber,
think that recent purchasers should
protect against any setback. It comes
down faster than it advances. Ameri
can Woolen pfd. has enjoyed a rather
fine move and is still near the best
recovery profit. Would not let these
gains get away.
DOW JONES SUMMARY —Elec
tric output up 13 per cent in week,
June 20, against 14.2 per cent in per
vious week. London gold price, $34.81.
Paris strengthened by an overwhelm
ing chamber of deputies vote of con
fidence in its foreign policy, Premier
Blum’s popular front governemnt to
ady turned to solving inetmal eco
nomic problems. Huelva, Spain, The
Socialist General Union and the Syn
dicalists National Federation today
ordered 24,000 workers to stage a
general strike in sympath yover strik
ing Rio Trinto miners.
Iron Age reports steel ingot output
maintained for week at 71 per cent
but says long term outlook as far
from encouraging, citing labor situa
tion and charges of Collusive bidding
on govemmnet contracts as disturb
ing factors. Ford Motor increases de
livered price of De Luxe Line S2O
a car through inclusion of several ac
cessories as standard equipment.—
Owens Illinois Glass is expanding
block glass plant at Muncie to in
crease production 400 per cent.
General Johnson asked by Presi
dent Samoff to ac tas labor adviser
in strike at R. C. A.-Victor Camden
plant. General Electric will reopen
Buffalo plant on Sept. 1; 50 cents
American Ice pfd. dividend pay July
NAVAL STORES
Turpentine
Today Yester. Last Yr.
Tone Firm Firm Firm
Regs 35 3-4-36 35 3 4-36 43 3-4
Sales 78 223 254
Rosin
Tone ...Firm Firm Firm
X 525 515-525 570
WW ... 525 500-515 560 -570
WG .... 500 480-490 485 -490
N 490 475-480 475 -480
M 75 470-475 435 -440
K 75 465 435
I 70 460-465 430 -435
H 65 460-462 1-2 430 -435
G 65 460 430 -435
F 65 460 412 1-2-415
E 60 450 400 -405
D 40 440 390
B 00 400 345
Sales ... 300 974 1017
Statement
Spirits Rosin
Receipts today 423 1.644
Last year 355 2,053
Receipts for week ... 1,598 6,436
Last year 1,773 7,550
Receipts for month .. 10,904 40,420
Last year 11,821 39,764
Receipts for
season 18,813 106,481
Last year 33,955 117,714
Shipments today .... 3 3
Last year 40 9,300
Shipments for week . 468 1.893
Last year 641 14,046
Shipments for
month 8,434 29,153
Last year 6,940 36,325
Shipments for
season 37,251 97,813
Last year 25,890 110,621
Stock April 1 37.488 57,626
Last Year 23,791 115.102
Stock Today 29.050 66.294
Last year 31,856 122,195 |
25 record, July 6. Regular Link Belt
dividend and 15 cents extra pay Sept.
I record Aug. 15. Reading May Net
$1,525,00 against $1,023.00. Five
months net $5,480,000 against $4,820,-
000.
American Car and Foundry year
end April 30, loss $582,000 against
loss $1,968,000. Belgium Strikers be
gin returning to jobs today. Inti.
Hydro Electric system 12 months end
March 31 net income $675,000 against
$1,390,000. Regular McCall Corp. divi
dend pay Aug. 1 record July 15. First
II railroads to report for May show
combined gain of 16 1-2 per cent in
operating revenues and 41.7 per cent
in net operating income over May,
1935.
HINDENBURG RESUMES
OCEANIC SCHEDULE
NEW YORK, June 24 (TP)—The
Zeppelin Hindenburg found favorable
going this loming up off the coast
of Nova Scotia. The sky was clear
and good. South-to-southwest winds
helped the air liner speed on her way
toward Germany. The weather fore
cast promises that the wind will stay
with the big gas for at least 300
miles east of the Newfoundland coast.
The Hindenburg left Lakehurst, N.
J., in a hard rain storm last night.
The huge dirigible passed over New
York city and then headed for home.
She carried a full passenegr list.
MARKETS
NEW YORK, June 24 (TP).—The
stock market pointed higher today
in listless trading. After an irregu
lar opening the main body of stocks
turned on the upside. With few ex
ceptions all gains were held to frac
tions.
The bond market remained in the
doldrums.
Wheat moved erratically in a nar
row price range. Cotton eased
around 25 cents a bale.
At 1:30 o’clock today the follow
ing prices were quoted:
A
Air Reduction 70 1-8
Allied Chem .206 1-4
Am. Can 133 1-4
Am. Loco 26 1-2
Am. Pow. Sc Light 12
Am. Rad 20 1-2
Am. Sugar 53 3-8
Am. Tel 169 7-8
Am. Tob. B 99 1-4
Anaconda 35 1-8
Armour 11l 4 7-8
Atchison 781-2
Aviation Corp 5 3-8
Atlan. Ref 29
B
Bald. Loco 3 1-8
Z & O 18 3-4
Bendex 27 1-4
Beth I Steel 54 1-4
Briggs 52 1-2
C
Cannad. Pacif 12 3-4
Case 183
Cer-teed Pds 9 3-8
Chrysler 108 1-4
Com. Solvents 15
Consol. Oil 12 7-8
Cur. Wright 5 3-4
Cur. Wright A 15 3-8
D
Del. Lack 16 3-4
Douglas 63
Du Pont 150
Del. & Hud 41
E
Elec. Auto Lit 36 1-2
Elec. Pow Sc Lit 15 1-2
Erie 13
G
General Elec '. 38 3-4
General Foods 42 5-8
General Motors 66 7-8
Goodyear 25 5-8
Grt. Wes. Sugr 36
H
Houdaille Her 24 1-4
Hudson 16 7-8
Hupp 2 1-8
I
111. Cen 22 1-4
Int. Harves 88
Int. Nick 39
Int. Tel 15
J
Johns Manvll 104 3-4
K
Kelvinator 19 1-2
Kennecott 39
L
Leows 47 1-2
M
Mack Tr 34
Marine Mid 9 1-8
Mid. Cont. Pet 20 1-2
Mont. Ward 45 1-8
N
yash 16 3-4
Nat. Bis 35 7-8
Nat. Distill 27 5-8
Nat. Steel 66 3-4
N. Y. Cen 37
O
Otis Steel 14 3-8
P
Packard 10 5-8
Paramount 8 5-8
Penn. RR 32 3-4
Ply. Oi. 1 14 3-8
Pub. Ser 45 5-8
R
Radio 11 7-8
Rem. Rand 19
Reo 5 1-8
Rey. Tob. B 55
S
Sears Roe 76
Simmons Co 29 3-4
Socony 12 7-8
Sou. RR 16 1-4
Stand. Oil Cal 37 1-2
Stand. Oil NJ 59 1-2
Stand. Brands 15 3-4
Stone & Web 19 3-8
Studebaker 11 7-8
T
Texas Corp 34 3-8
U
Union Bag 42 3-4
Union Carbide 92
Unit Aircrft 23 1-4
United Corp 7 5-8
Unit Gas Imp 16 3-8
U. S. Rubber 30 7-8
U. S. Steel 63 3-4
W
Warner Piets 10 3 4
Wesson Oil 34 3-4
Western Union 88
Westinghse 119
Wilson 7 7-8
Y
Yellow Truck 18 3-8
Youngstown 67 1-2
Z
Zenith Radio ... 24 7-8 I
Texas Corp
CO-OPERATION! ,
BOY’S OPERATION MADE
POSSIBLE BY AID OF
INTERESTED PARTIES
NEW YORK, June 24 (TP).—The
motorship Jeff Davis ends her 9,000-
mile voyage from Australia today,
three-year-old Kelvin Rogers will dis
embark to get a t mail out of his
throat. Little Kelvin, who swallowed
the nail 18 months ago, has traveled
half way across the world gto get
it out.
Kelvin is accompanied by his moth
er, the wife of a S2O-a-week mechanic
in Melbourne, Australia. She is tak
ing her son to Philadelphia where
Dr. Chevalier Jackson of Temple uni
versity wll use his famed broncho
scope to extract Kelvins, nail. A
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SPECIAL
i
5-TUBE RADIO IN CARRY CASE
519.50
Let Us Demonstrate This 5-Tube
Radio In The New Carry Case.
ARTHUR
J. FUNK
15 EAST PERRY STREET
PAGE FIVE
melbourne millionaire, the American
Pioneer Steamshp lines, Dr. Jackson,
Temple university, and Uncle Sam
himself are co-operating to get Kel
vins nail out of his throat. The Aus
tralian millionaire contributed for
the trip, the steamship lines carried
Kelvin and his mother free, Dr. Jack
son s performing his operation gratis,
and Temple university will give Kel
vin hospital care and wont charge a
cent. As for Uncle Sam—he waived
al limmigration laws so Kelvin and
his mother can stay here as long as
necessary.
King Edward VIII gave permission
for an American orchestra leader to
play "Mallorca’’, a military march
written by the King when he was
Prince of Wales, provided that it
wasn’t rebroadcast to Europe! The
King’s favorite song, by the way, 1$
"Dinah.”