Honolulu Star-Bulletin from Honolulu, Hawaii on October 29, 1929 · 1
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Honolulu Star-Bulletin from Honolulu, Hawaii · 1

Honolulu, Hawaii
Issue Date:
Tuesday, October 29, 1929
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MAIL tCMtDULE Cle for Cst Manuka), Thurn. Arrtve f rm Cot Ir. MeKlnly, Tfcur Arrive from Ortent Talyo Msru, Nov. S Cloa for Orient Khtnyo. 4 p. rn. toAmy, Close for Australia Vrntura. Nov. Arrive from Australia Sierra. Nov. 1 iff ii if ii KvrnJn rtulltln. Et- No. JX53t Hawaiian Mar, Wl. XXXVII. No J 1772 14 PAGES HONOLULU, TERRITORY OF HAWAII, TUESDAY, OCTOBER 29, 192914 PAGES I First Edition PRICE FIVE CENTS 0)A 70 -o-x ox ox VJ STP (rn ffu Py J lyjlyJlA ox ox ox ox ox ox E CLO 5E TO 14 MILLION PUSH DEFINITE PLANS FOR ZEP SERVICE HERE First Dirigible To Be Completed In 1932 For Weekly 36-Hour Voyages Hunsaker Heads Company, Backed By National City Bank, Lehman, Murphy (Associated Press by Wireless) NEW YORK, Oct. 29.- The Pacific Zeppelin Transport Co. announced today that it is planning a 36-hour service from the Pacific coast of the United States to Honolulu. Construction will start as soon as possible on two 800-foot dirigibles, similar to the ships ordered by the United States navy. The first will be completed In 1932. Each ship is designed to carry 80 passengers and 10 tons of cargo. Weekly schedules have been planned. When the second ship Is completed, the line will be extended to Manila, J. C. Hunsaker has been elected president of the company. Paul W. Litchfield, president of the Goodyear Zeppelin Co., said last night that the National City bank, Lehman Brothers and Grayson M. P. Murphy had each purchased a quarter interest in the Pacific Zep-TJfiin Transport Co., Ltd., which .troposes dirigible service from the .laciilccoast to the Orient. vfne Goodyear Zeppelin Corp., he said, retains a quarter interest. Litchfield also announced that two 800-foot Zsppelins, costing $4,-000.000 each, were planned, as well as a hangar at either Los Angeles or San Diego, and mooring masts at Honolulu and probably Guam. The Guam mast would be for emergency purposes, he said. HERETO REST - - I r - j ' M ' 7.: v. tJ ! tmrntrn m II. J. Haferman, former governor of New IMcxico and now associated with the department of Indian, affairs, will spend a month resting here. He arrived today aboard the Matsonia. Star-Bulletin photo. MEXICO SAMUEL L. MAI 0UESTIONE0 IN ASSAULT CASE pity Clerk's Home Scene of Disturbance As Man's , Wife Appears Samuel L. Akal. 2445 Huene St., chief clerk In the accounting department at Pearl Harbor, was questioned Monday night by Deputy Sheriff David Hao in connection with an assault early Sunday morning on City Clerk David Kalauoka-Jani. Akal, who was accompanied by his attorney, David K. Trask, declined to answer any questions and referred Hao to Kalauokalani for the details of the affair. As an anti-climax to the Sunday morning assault, police were called to Kalauokalani's home late Monday to quiet a disturbance caused when Mrs. Akai. wife of Samuel Akai. called at 369 Hobron Lane and asked to see the injured city clerk. Mrs. Akai was ordered off the premises by the city clerk's wife. FEDERATION TO PLAN SOUTHERN LABOR CAMPAIGN (Associated Press bv Wiretess) WASHINGTON, Oct. 29. Prank Morrison, secretary of the American Federation cf Labor, said today that the heads of all national and international labor unions would be called for a conference before November 18 to discuss methods for organizing workers in the south. The conference was provided for in a resolution approved at the recent labor conference at Toronto, which called for "a campaign of organization among the southern workers regardless of craft or calling." One of the leading aspects that 'will be discussed will be the antiunion activities of Communists in h. cnnth Morrison cited the textile trembles at Gastonia, N. C and Elizabethtown, xenn., as recent, evidence of Communist activities. HIL0 COUPLE BACK ... FR0r1 COAST JAUNT Mr and Mrs, E. N. Holmes, prominent Hilo residents, returned aboard the Matsonia today from a vacation of several weeks on the coast. Hclmes is owner of the E. N. Holmes department store at Hilo, FORMER CHIEF OF GUESTOF CITY H. J. Hagerman, Official of Indian Department, Here For Month's Visit H. J. Hagerman, a former governor of New Mexico, who is now associated with the department of Indian affairs, arrived this morning aboard the Matsonia for a visit of a month or more. Hagerman will be the guest of H. H. van Cleef of Honolulu. Hagerman declared that under the supervision of the government the Indians are on the increase. He said that there are today over 40,000 Navajos on reservations. "The Indians occupy land reserved for their use and amounting to over 12.000,000 acres." he said. "They are prospering and increasing under the protective supervision of the government. "Recently I have been making a study of the oil lands belonging to the Indians. They are the possessors of millions of dollars of valuable oil lands and constant care is necessary to prevent exploitation of such property by unscrupulous persons. "At the present time I am working on the settlement of controversies over some 6000 lari& titles in the Pueblo Indian country. "Many acres of land on the Indian reservations were settled by white men years ago. It is such land as this that is being contested today. It is a difficult question to settle as many of the claims go back over a- period of nearly a hundred years." Hagerman is on his second visit to Honolulu. He was here a year and a half ago. "I liked it so well on my last visit that I decided to come back again and take a good rest," he declared. FARMER LOANS EXPLAINED BY CHAIRMAN LEGGE (Associated Press by Wireless) WASHINGTON, Oct. 29. The federal farm board in a statement Monday said the shirinkage in stock values in the last few days had had no unwarranted effect on the wheat prices and on the proposed series of loans to aid farmers to hold their crops. Chairman Legge's statement outlined the schedule of loans that would be made and asserted that "the board places no limit on the amount of government money to be so lent." He added that nearly $100,000,000 is available for the purpose and if necessary Congress will be asked for more. MISTRIAL RULED IN FLORIDA CASE OF EX-GOVERNOR (Associated Press by Wireless) TAMPA, Fla., Oct. 29. A mistrial was declare 4 today in the trial of Sidney J. Cats, former governor of Florida, who has been on trial charged with aiding and abetting a counterfeiting scheme. The Jury was not able to agree, J FORMER WOK ARNOLD DEAD, FUNERAL AT 4 Prominent Figure In the Political Life of Oahu Stricken Late Monday Suffers Heart Attack and Dies Almost Immediately; Many Surviving Him Former Mayor Charles N. Arnold, one of the t most prominent political figures in local government, was fatally stricken with a heart attack Monday afternoon while he was buying groceries at a Kaimuki store for his family's evening meal. He died a few minutes later, at 4:45 p. m., while being rushed to the Queen's hospital in an ambulance. He was the father of 12 children and was 49 years old. The former mayor left his home Monday morning apparently unconcerned about his health. He had suffered several previous slight heart attacks, however. Funeral arrangement completed last night provide for a view of the body at the Arnold home, 3467 Maunaloa Ave., between 10 o'clock and noon today. After noon it will be at the parlors of the Williams Undertaking Co., where services will be conducted at 4 o'clock. Interment will be in the Nuuanu cemetery, where cremation service will be conducted Wednesday morning at 10 o'clock. . Many Survive Hint The Immediate survivors of the deceased are the widow, Mrs. Arnold, and her children, Shaster and June Arnold, students at the Cummings junior high school, and Alice, Evonne, Francis and Thomas, all of whom, have not yet reached a school age. Children by a former marriage are Alfred and William Arnold, now v on the coast; Cecelia, a student at the University of Hawaii; Charles Arnold, Jr., a student at the McKinley high school; George, a student at Liliuokalani school, and Arthur, a student at the lolani school. The former city executive is further survived by one brother, Arthur K. Arnold, in government service, and five sisters, Mrs. Arthur Mc-Duffie, Mrs. Frank Verbe, Mrs. Mary' (Continued on Page 3) Clifford Gessler of Star-Bulletin Wins 4th Literary Prize In Year Fannie Hurst, Noted Author, Awards Local Poet Prize of $50 For Essay Declaring Women Dominate World and Need Be Dependent On No One Except Employer (Special Star-Bulletin Correspondence) NEW YORK. Oct. 15. Clifford Gessler, literary editor of The Star-Bulletin, Honolulu, is the winner of the first prize of $50 in the Poor Woman Essay contest conducted by Harper & Brothers, publishers, as the result of the controversy aroused by Norah Hoult's book, "Poor Women." Fannie Hurst was the judge who had to select the prizewinners from more than 500 essays submitted. Harriett B. Eaton of Maumee, O., won the second prize of $25, and five prizes of $5 each were awarded to Elizabeth B. Hooper, Washington, D. C: Ann Fox. Rochester, N. Y.; Mary Sue Patton, St. Louis. Mo., and Stella Coney of Detroit and Mrs. Donald M. Bivens of Battle Creek, Mich. Miss Hoult. the author of "Poor Women," said: "Any sensitive young woman, setting out in life, comes sooner or later up against the hard and sometimes unpalatable fact that it is one of her most important jobs as a woman to conciliate the man." In the essay that carried off the first prize, Gessler wrote: "No woman under modern conditions need be dependent upon any but (Continued on Page 2) SEARCH IS UN FQR YOUTHS WHD ATTACKED GIRL Two Boys Sought By Police After Young Japanese Girl Is Assaulted Police today are searching for two unidentified youths who late Monday criminally assaulted a 13-year-old Japanese school girl in the Palama cane fields makai of N. King St. at Long Lane. The girl, who is a student at the Kalakaua junior high school, accompanied by two other girls, was on her way to the Japanese language school on Robello Lane and was taking a shortcut through the cane fields. As the three girls walked through the field, two youths, about 17 or 18 years old, stepped out from the cane and confronted the trio. Two of the" girls turned and ran toward King St. The girl who was assaulted was grabbed by the two youths and practically carried into the cane. Threatening her with death if she made an outcry, one of the youths held here while the other assaulted her. After that the second youth attacked her. YOUTH IS HELD AFTER ROBBERY Kaoru Iwai, 20 years old, 30 Dewey Court, today is being held at the police station for investigation following his arrest Monday night after the home of B. A. Bobbins, 4161 Black Point, had been entered and a small amount of money taken. Iwai was arrested at Kalakaua Ave. and John Ena Bd. by Officers Paul Aki and J. Kahananui. from the description given by Robbins, who caught the prowler at work In his home. Questioned at the police station, Iwai is said to have admitted the burglary. TWO SIKORSKY PLANES LEAVE FOR BIG ISLAND Six Passengers In Each Ship On Initial Flight Across the Open Sea Starting on their first flight to the islands of Maui and Hawaii, the two Inter-Island Airways Sikorsky amphibions took off from the John Rodgers airport shortly after 8:40 a. m. today. Both ships circled the field once, taking their flying position, and passed over Honolulu at 8:45. The flight was scheduled to start at 8:30 a. m., but was delayed a few minutes waiting for passengers. The two planes, the Maui and Hawaii, were on the line with motors warming up by 8:20. Some of the passengers had already reached the field and stood by awaiting instructions to embark. 6 In Each Ship Each ship carried six people, a pilot, mechanic and four passengers. Lieut. C. A. Cover, pilot, and C. F. McClanan, mechanic, were in charge of the Maui. S. C. Kennedy, general manager of the Inter-Island Airways, Mrs. Rufus Hagood, Miriam Holloway and J. P. Cooke went as passengers. The Hawaii was piloted by C. S. Elliott, with E. Koski, mechanic. Passengers included Albert Ehret, chief mechanic of the Inter-Island Airways, E. L. Peacock, F. O. Boyer and R. P. White of the Honolulu Star-Bulletin. At 8:42 the Maui left the ground, followed a minute later by the Hawaii. On instruction of S. C. Kennedy, Lieut. Cover of the Maui was to act as the flight leader with Elliott keeping his plane a short distance to the rear throughout the flight. Approximately 150 Honolulu people were on hand to watch the takeoff. Both ships quickly gained headway, sweeping slightly over half the length of the field before leaving the ground. They passed the end of the field at about 150 feet elevation. Plans of the flight call for a short stop at Maalaea field on Maui, which has been developed by the company, and will then continue to Hawaii. Back This Afternoon The return is scheduled to be made this afternoon at 5:30. The trip of the Sikorskys to Maul and Hawaii, and a second trip to Kauai planned for Friday of this week, is in hne with the policy of the Inter-Island Airways to have their pilots land the ships on each of the island fields prior to the inauguration of regular passenger service November 11. U. S. WARSHIP TO CHINA WHERE FACTIONS CLASH Admiral McVay Calls Destroyers From Manila As Civil War Increases (Associated Press by Wireless) SHANGHAI, Oct. 29. Bear Admiral Charles B. McVay, Jr., today ordered a division of destroyers at Manila to come to Shanghai as a result of disturbed conditions on the Yangtse river. Severe fighting is in progress between the Nationalists and the Kuo-minchun along the Lunghai railway west of Chengchow. Honan. The fighting is fierce west of Yencheng, 75 miles south of Chengchow. Dispatches from foreign sources at Hankow said the encounters are expected to develop into major engagements. President Chiang Kai-shek is due in Hankow Wednesday to assume active command in the drive against the Kuominchun. The Kuominchun, which recently started a drive against the Wuhan cities, is reported to have suffered severe losses in men.--aunitions and ordnance. ANOTHER HIGH RECORD IS SET BY THE B Stock Prices At Noon, 2:20 P. M. Are Listed Here Demoralizing Influences of Trading Reflected In Hurried Unloading Ticker 82 Minutes Late, Delaying Figures For Honolulu On Closing At 2:20 p. m. today, New York time, a total of 13,838,000 shares had been sold in the New York market, a new high record eclipsing even the enormous sales record of last Thursday, the day of the first break. At that hour the ticker ws 82 minutes late, thereby delaying receipt of the closing quotations at Honolulu. The complete list of closings will be published in later editions of The Star-Bulletin. 1TERH0USE DOUBTS SUGAR TEN OR FIFTEEN DROWN IN LAKE MICHIGAN GALE (Associated Press by Wireless) KENOSHA, Wis., Oct. 29. Between 10 and 15 men sank with the lake steamer Wisconsin in a storm off Kenosha today. More than 60 persons were rescued, although many were near death from exposure. All but three pas sengers were saved. Captain Douglas Morrison went down with his ship. In addition to the nine known dead, four are missing and are believed to have been drowned. Nineteen persons are in hospitals and 49 were rescued safely. A. D. BALDWINS OF OHIO TO VISIT HERE Mr. and Mrs. A. D. Baldwin of Cleveland, O., arrived this morning aboard the Matsonia for a visit of a month on Maui. Mrs. H. P. Baldwin of Makawao returned from the coast aboard the same liner. A. D. Baldwin is a brother of Frank and Harry Baldwin, prominent Maui resident? ( TARIFF RAISE A. & B. General Manager Has Hope December Session Will Bring Betterment Characterizing the general sugar tariff situation as "pretty well mixed up," John Waterhouse, vice president and manager of Alexander & Baldwin, who returned from the mainland on the Matsonia this morning, said that the prospect of obtaining a tariff increase from the current special session of Congress was not encouraging. "But," he added, "everyone is hoping that something definite will be accomplished at the regular session opening in December." There is nothing further to re port, he said, concerning the plantations contract with United Molasses Co. to take all Hawaiian molasses for a period of five years, beginning December 1. "Molasses," he pointed out, "is one thing we have solved, and something we won't have to worry about for the next five years." The company expects to take approximately 200,000 tons a year for the five years, and will pay $8 a ton. Mrs. Waterhouse returned with her husband. They went to British Columbia, where they joined James D. Dole, president of the Hawaiian Pineapple Co.; and family. Dole and Waterhouse spent about three weeks fishing and hunting around Penask lake. Waterhouse sat for the first time this morning at his new desk in his new office in the Alexander & Baldwin building, formally opened during his absence. "It certainly exceeds all my fondest expectations," he commented. NEW FRENCH NAVY RECORD LORIENT, France. Another new French destroyer, the Verdun, is claimed now to be the fastest war vessel in the world. On official trials it made 40.2 knots an hour, beating the record made by a sister ship, the Valmy, of 39.185 knots. With 8,370,000 shares traded up to noon, eastern time, the New York market today was engulfed in another frenzy of selling which again sent the prices of many leading stock issues crashing downward to new low levels in the first few hours. At 11:30 a. m. at New York a number of prices of leading stocks at that hour were flashed to Dean Witter & Co., emphasizing the demoralizing effect of the wholesale unloading. For instance, at that hour, Radio Corporation, a stock that has been much touted in recent months, had dropped to 26 as against 40 at which it closed Monday. United States Steel, which closed Monday at 186, has slid downward to 178V2, while General Motors was selling at 35. Radio effected a recovery later, however, going to 34, but United States Steel dropped to 170. Carbide, opening today around 71 against its closing at 84 Monday, went still further downward to 70. Tape 30 Minutes Late With many issues pot yet opened, sales in the first half hour of the market totaled 3.200,000 shares. The tape became 20 minutes late as the wires became jammed with brokers' reports. Some slight rebound came here and there following the opening, Dean Witter & Co. was informed, but there was nothing to denote any particular strength anywhere. Sales continued increasingly heavy throughout the morning, featuring large blocks containing as many as 50,000 shares of a single issue. J. P. Morgan &: Co. issued a statement to the effect that the leading banks were telling the brokerage house customers that they considered price sufficiently deflated to require a 25 per cent margin on their street demand leans, according to an announcement by Dow, Jones & Co., leading New York financial news service. Another announcement of extreme importance to the market, Dow, Jones & Co. reported later, was that New York bankers had announced they were determined to support the market at this point. "There cannot help but be large shorts which should lead to a sharp recovery the moment the turn can be accomplished," Dow, Jones & Co. added. Transamerica Corp. was selling at 45 at Los Angeles, and it was reported to selling at 25 on the New York curb, although no definite confirmation was obtainable. Prices at Noon A radiogram to Dean Witter & Co. announced prices of some of the leading stock Issues at noone today. New York time, as follows: Noon Mon. Today CI os. V. S. Steel 170 186 Amer. Iht - - 39 Vs 49 Gen. Motors - 35 4Ji Anaconda 78 $3 "a Erie - - 50 55 Chrysler - - 28 T 38' Texas Co 51 55 Packard 15 H 18 s Cerro de Pasco t5 77 'a Amer. Smelter 84 80 Carbide - - 70 84 S. O. of N. J 55 64si Kennecott 65 70 H Johns-Manville 1244 132 Radio Corp 34 40', a Woolworth - 75 80 Mont.-Ward - 50 59 'i Gold Dust 33 40 A. T. & T. 213 232 Am. For. Power 51 77 i American Can 115 1354 Sears, Roebuck 99 1114 Gen. Foods 40 49 M Paramount 37 49 4 West. Electric 110 144 Vanadium 58 61 U Atl. Refining 34 U .40 Comw. Southern 10 15 Combustion 10Vi 20 Kolster - S 10 Hudson - 52 60 Studebaker 49 53 Pan Petroleum 49 58 United Aircraft 40 60'4 Briggs ll'i 13 Consol. Gas - 933 99 United Corp 29 33 i Union Pacific 240 240 Beth. Steel 80 94 Phillips Pet 32 35 H Skelly OU 307s .334 S. F. Stocks Transamerica 36 60 ',4 Hawaiian Pine 60 . Cal. pack. .:. - 65 Vi 73 Caterpillar - 53 li 61 Magna vox . 2 3 Hon. Oil 30 paraffine 60 75 A radiogram to Dean Witter Se Co., received shortly before 10 a. m., gave the . following quotations as they stood at 2:20 p. m., New York time: Radio 37 Carbide 79 Mont. Ward 53 Va Gold Dust 33 A.,T. & T. 215 U. S. Steel 177 ' Int. Nickel 30i Kennecott 68 S. O. of Jersey 58 i Int. Tel 70!i Anaconda 81 American Can 120 Gen. Motors 40 Chrysler 31 Packard 16 Combustion 12 MAO GETS 9240,000 RADICAL CHIEF UNABLE TO FORM FRENCH CABINET (Associated Press by Wireless) PARIS, Oct. 29. It was announced today that Edouard Daladier, Radical Socialist leader, has abandoned the task of forming a cabinet, because of the refusal of Socialists to participate. All party leaders expect President Gaston Doumergue to request Arts-tide Briand, head of the recently defeated government, to form another cabinet. FIRST "PERMANENT AT 83 TAMPA, Fla. Mrs. Ruth Anderson De Hart, 83, has had her first permanent wave. She is proud of the result and plans more visits to the hairdresser. "So many old people get careless, she says. "I don't believe one bit in thai " HAWAII IS DUE FOR BIG TOURIST SEASON, PORT CAPTAIN SAYS Hawaii can get ready for a big tourist season starting in December, according to Capt. Robert Baker, Matson port captain at Hilo. Captain Baker returned from six weeks on the coast this 'morning aboard the Matsonia. According to Captain Baker, steamship bookings for the later part of this year and early next year are unusually heavy. They are all talking Hawaii ' on the coast, and that mean a big crop of tourists, he said, Secretary of War Approves Allotment To Continue Breakwater, Dredging (Associated Press by Wireless) WASHINGTON, Oct. 29. Secretary James W. Good of the war department, today approved of an allotment of $240,000 for improvements to the harbor of Kahului, Maui. The allotment is in addition to $300,000 made earlier under the river and harbor act of 1929, which is expectetd to be exhausted by breakwater construction and dredging operations within the next few months. Of the additional sum now provided, $125,000 will be taken from the funds previously alloted for Na-wiliwili harbor and $115,000 from the unallotted balance that was made available by the 1929 act. Work on the Kahului harbor is regarded as justified by the account of the commercial traffic of the port. The records show this amounuted to 370 ,872 tons, valued at $30,261,651, in the calendar year of 1928 in addition to passenger traffic totaling 25,776 persons. ROCKNE, FAMOUS FOOTBALL COACH, ILL, DISABLED (Associated Press by Wireless) SOUTH BEND, IncL, Oct. 29. Knute Rockne, world famed football coach at Notre Dame university. probably will be lost to, the team fcr the rest of the season because of a dangerous infection of the right leg, it was said today. - Fearful that a blood" clot in the leg may spread to the heart, physicians . ordered r Rocfc? take a comflet see- SHARES DUMPED V 111 LOTS ni n. y. CRASH Many Issues, However, Rebound Sharply In Afternoon As Bankers Confer Bonds Also Feel Effect of Slump; Transamerica Breaks In San Francisco (Associated Press by Wireless) NEW YORK, Oct. 29. Panicky selling of stocks, of record proportions, caused another disastrous break today on the stock market, as blocks of from 10,000 to 115,-000 shares were dumped for whatever prices they would bring. The early declines of many active issues on the stock and curb exchanges were from five to nearly 35 points. Hundreds of shares broke into new low ground for the year. Quotations in many cases ranged from one-quarter to one-half of the high levels of the year. Large scale banking support was immediately organized. J. P. Morgan Co., National City Bank, Guaranty Trust and other leading institutions reduced their margin requirements for demand loans from about 40 to 25 per cent, thereby releasing an enormous amount of credit support for the market. Many stocks crashed 5 to 15 points at the opening when blocks of 5000 to 50.000 shares were sold. The market then hesitated and later encountered another huge wave of selling which crushed several shares to new low levels. United States Steel declined 11 points to 175, Westinghouse Electric, 20 points to 125, and American Telephone 12 points to 220. Gen eral Electric dropped 34 and American Can fell 17 points to 119. Monday's crash severely impaired the margins and touched off today thousands of stop loss orders which frightened thousands of investors who had held their shares for long periods and caused them to dump them at the current low levels. Market Rises In Afternoon Stocks appeared to have struck the bottom at mid-afternoon and a vigorous rally began, similar to that of last Thursday. New York Central regained a loss of 9 points, a net gain 2?i points. Westinghouse Electric, which dropped 45 points, recovered half of the decline. Standard Oil of New Jersey reduced its loss 104 to 64. United States Steel rose to 177, being off 9 points and having touched, during the day, 171. Ths market rose sharply before 1 :30 p. m., after a steady stream of liquidation early In the trading had depressed the active issues 10 to 70 points. United States Steel common rallied from 171 to 186, General Electric from 214 to 244 and American Can from 115 to 119. The afternoon rebound was of Impressive proportions in some speculative favorites. Westinghouse Electric rallied from 100 to 124, Radio from 26 to 39, Johns-Manville 109 to 121. International Telephone 63 to 73, New York Central 175 to 185, American Telephone 207 to 216 and Atchison 221 to 229M. The board of governors of the exchange decided to keep the exchange open for the full five hour session and another meeting of the board was called for 6 o'clock tonight. The trading was enormous. Sales at 1 p. m. were 12,652,000 shares, comparing with the high record of a full session of 12,894,600 last Thursday. The close was lower. Sales were approximately 16,000,000 shares, a new record. Bonds Heavily Liquidated NEW YORK, Oct. 29. Enormous liquidation of obligations carrying stock privileges featured the early trading in the bond exchange today. The market was nervous and the entire list declined somewhat in sympathy with the general upheaval of the equity markets, although the (Continued on Page 2) AERIAL SEARCH ON FOR PLANE LOST IN DESERT (Associated Press by Wireless) ALBUQUERQUE, N. M., Oct. 29. An aerial search was in progress today over western New Mexico and eastern Arizona for a Western Air Express tri-motored, airplane that has been missing since Monday morning. .Five persons were aboard the missing airplane. The weather is stormy today and the searchers are covering the region where the airplane City of San Francisco ' crashed on Mount Taylor with a loss-of eight irves.ln.Sfn-i temheft

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