The Los Angeles Times from Los Angeles, California • 1

EQUAL RIGHT Alt the News 'All the Time- LA EG EST HOME -PF LI IT RED CIKCT'LATIOM LARGEST ADVERTISING VOLIME In Two Parts 40 Pages fAKI 1 TEtEGKAfB SHEET SO F.t MADISON 234S met Telephone Number All Derertacou MADISON 2345 The Timet Telephone Number Connecting All Department! liberty LAW TRUE INDUSTRIAL FREEDOM Vol. XLV1I1. WEDNESDAY MORNING, OCTOBER 30, 192 DALLY, FIVE GENTS CRAP WON ILOT i. He's Strong for "Suspending" Chiefs! QTOCKS DIVE AMID FRENZY IN DAY Combined Financial Giants Finally Halt Plunge Toward Chaos as Bankers Ease Up on. Credit Will Rogers Remarks: BEVERLY HILLS, Oct 29.

To the Editor of The Times: What's the matter with this for a laugh? When the stock market goes down Mr. Morgan, La-mont, Charley Mitchell and Mr. George Baker hold a meeting and let everybody see 'em in this huddle. Then the market perks up. I was just thinking what a great idea it would be if we could just get these boys to room together for six months.

There is no telling to what heights the market might go. Just think what a calamity if these forgot where they were to meet some day to inspire confidence. Yours, WILL ROGERS. MANY BILLIONS GO IN LIMBO NEW YORK. Oct 29.

(Exclusive) The effects of Wall street's October bear market is shown by valuation tables prepared tonight which place the decline in the market value of 240 representative issues on the New York Stock Exchange at $15,894,818,894 during the period from the 1st Inst, to today's close. Since there are 1279 issues listed on the New York Stork Exchange, the total depreciation for the month may be placed conservatively at several times the loss for ths 210 Issues. NEW YORK, Oct. 29. (Exclusive) An incredible stock market tumbled toward chaos today despite heroic measures adopted by the nation's greatest bankers.

Wall street throbbed with excitement all day and tonight the men who guide its destiny are wondering whether they have won a hard-fought victory in their back-to-the-wall battle to stem the unprecedented and frenzied liquidation pouring in from the four corners of the country. Selling of stocks broke all previous records, reaching 030 shares at the close. Losses of 10, 20, 30 points or more were piled on top of the staggering breaks of yesterday, threatening; the credit structure of the country. There was no quarter. The wolves ranged through Wall street.

It was a day of tremendous activ BY WALKER Hudkins Loses to Champ Title-holder Retains Crown by Decisive Victory in Wrigley Field Bout Croud of 21,370 Fans Sees Monarch Earn Verdict from Challenger BY PAUL LOWRY The Bulldog chewed the Wildcat to pieces in a fight that was swift and one-sided, and thoroughly demonstrated his right to be called middleweight champion of the world. Trained to the pink, Mickey kcr not only retained his title but repulsed the challenge of Ace Hudkins as only a real champion could repel it. Walker was the real Walker last night at Wrigley Field and a crowd of 21,370 persons who paid $150,265 lor the privilege saw him handle the Wildcat as no other man has handled this rip-tearing, savage flatter who fought his way up the ladder fiom the ranks ot the newsies. But for the second time in his career Hudkins has now been turned back by the Bulldog of Rum-son, N. J.

There was some question about the decision the champion Rained over the Wildcat at Chicago a year ago last June tout there was none last night. LOSES BUT ONE ROUND Walker won every round but one. And the session the title-holder failed to win was even the eighth. Twice Walker staggered Hudkins with terrific lefts and rights to the head, and Just before the last bell the Wildcat, exhausted from his own efforts and the punishment the champion had afforded, nearly fell as he missed a blow to the face. Nobody but Hudkins, with the heart of a lion, would have survived Walker's punishing blows and retained his feet, but upright he stayed, and each time came back with rallies of his own.

"Come on and fight, come on," was his snarl, as badly hurt he surged forward with lowered head and invited the champion to slug it oat with him. GENERAL THROUGHOUT But Walker, cool and collected, was the general of that bout in the vast confines of the ball park, and he fought it out along his cwn carefully planned lines. He led when he wanted to. He made the Wildcat force the fighting when it pleased him. He took the Play away from the Wildcat on a notion.

Hudkins's usual boring-in tactics were of no avail against the champion. He leaped in as he has of old against the Colimas, the Bakers, the (Cont'd on Page 11, Part II, Col. 8) USICIANS' UNION SHOWS EVILS OF CLOSED SHOP MAGNATE'S FALL HELD SUSPICIOUS Complete and Selfish Control of Field Redounds to Disadvantage of Public and Public Movements (This is the thirtieth of a series of articles on the Los Angeles open-shop war. Others will follow For reasons which are not far to seek, the closed shop enjoys its greatest strength and Influence In Los Angeles in the professional amusement field of music and the stage. This is partly because the force of local public sentiment for the open shop has never fully been brought to bear on the situation, the vocations Involved not being Integral parts of the city's industrial life but chiefly because the great majority of professional performers come here from the closely unionized amusement centers of the East.

Where, as in the case of motion pictures, an amusement industry has grown up in the open-shop atmosphere, the opposite is true, as will appear in a later article. The history of the local musi ICY Slv Airplane Arrives in Albuquerque Snowfall Forces It Doivn on Mesa in Neiv Mexico, Causing Days Delay Five Men Stay in Old House Overnight, Then Take Off; Aviator Wins Praise ALBUQUERQUE. Oct. 29. (Exclusive) Lost for more than twenty-four hours while marooned on a bleak New, Mexico mesa.

Western Air Express trimotored liner No. 113 escaped today from the snow-swept stretch where was forced down Monday and landed at Albuquerque with its crew of three and two men passengers chilled, but safe. Caught in a blinding swirl of snow Monday at 10:15 am. the plane was forced down near Tre-chado, seventy-five miles southeast of Gallup, N. M.

The crew and passengers found refuge in an abandoned ranch house. The passengers were Dr. A. W. Ward of San Francisco and W.

Merz of Mt. Vernon, N. Y. The crew is composed of James E. Doles, chief pilot, of Los Angeles; Allen C.

Barrie, co-pilot, of Burbank. and R. L. Britton, steward, of Los Angeles. FIRE BUILT IN HOUSE Immediately after landing the five men discovered they were without food or water, but they found shelter in the abandoned ranch house, where a fire was built and they spent the night as comfortably as they could while the storm howled outside.

"We left Holbrook, flying east," Doles said, "and were about one hour out when we had to dodge a storm. I nosed her down toward St. Johns. Suddenly the storm seemed to break over us all at once, and a landing became a necessity. "I found a small spot, and it looked safe, so I got down there as snappily as possible.

I thought the weather would clear later in the afternoon, but it got worse. "During the afternoon a woman, who had seen us land, called and said we could find a house a mile or so away. The weather was not clearing as we expected, so we de cided to digin and all moved over to the house. "I built a big fire, and we tried to be as comfortable as possible, but we nearly froze. The storm, meanwhile, was increasing.

We had nothing to eat or drink. The light lunches all had been consumed and the water bottles emptied. "About 1 :30 o'clock this afternoon I saw a chance to get away and we took it. It started to snow Just as we took off." MOTORS ALL RIGHT Doles said that motor trouble did not figure in the forced landing at all, the WTetched weather alone being responsible. Dr.

Ward praised Doles's ability as pilot, and gave him the credit of bringing the passengers, crew and ship through safely. "The storm we encountered was terrific," Dr. Ward said. "It Just smothered us all at once. Doles did the right thing; nothing could have passed through it.

He saw a place to land and his work was masterful as he put the big ship down in that rough, isolated country. "The woman who came over to see if we were all right said her name was Bessie Mason. She directed us to the house, and when it became apparent that the storm wasn't going to break, we went there for the night. "The snow was about a foot deep this morning, and my appetite was deeper than that." i PILOT PRAISED As Dr. Ward turned to a substan-1 tial meal spread before him.

his fellow-passenger, Mr. Merz, took up the conversation in a complimentary vein. He is a veteran air-traveler, and he expressed great confidence in Doles's flying technique. "We had a good time last night sitting before that fire kidding each other about what might have been. It is a real experience," he said.

When the trimotored ship landed at the Western Air Express field here it brought to an abrupt nalt a search in snow-filled skies almost as widespread as that of a few weeks ago for the ill-fated liner City of San Francisco, which crashed on Mt. Taylor with a loss of eight lives. Some apprehension was felt for a while for Pilot Lamar Nelson, one of the searching flyers, but after battling with the weather for several hours around Flagstaff and San Francisco Peaks, he landed at Williams, according to a telegram received here. MENINGITIS KILLS TWELVE MEXICO CITY. Oct.

29. (JP) The Health Department has rushed doctors and nurses to the town of Jiqullpan, Michoacan, where twelve persons are reported to have died from cerebral-spinal meningitis. A HOME OF YOUR OWN One fitting your needs and purse is described in today's TIMES WANT ADS I IRSHIPS TO A DOCK HERE Sea Line Building Plans Given Los Angeles and Akron Will be Sites for Gigantic Zeppelin Hangars Mooring Masts to be Set Up in Haivaiian Islands and Philippines AKRON (O.) Oct. 29. mA gigantic construction program of Zeppelins, hangars and mooring masts for the newly formed Pacific Zeppelin Transport Company was announced today by Paul W.

Litchfield, Akron rubber magnate and chairman pt the board. "Litchfield said the construction program will be started as quickly as possible with the intent of beginning Zeppelin passenger and express service between the Pacific Coast and Hawaii and the Philippines by 1932. He added that by that time "we probably will be constructing a hangar on the Atlantic Coast" for the first trans-Atlantic dirigible transport line. HANGARS TO BE BUILT For the Pacific service about will be spent to construct two dirigibles of 600.000 cubic feet helium gas capacity, an enormous hangar at Akron, a similar hangar at Los Angeles, and mooring masts in Hawaii and the Philippines. The Goodyear-Zeppelin Corporation of Akron will build the dirigibles and assemble them in the projected Los Angeles hangar.

1 The same company now is building two Zeppelins for the United States Navy, which will be the largest dirigibles in the world. The passenger Zeppelins will carry eighty passengers and ten tons of express or similar cargo. Announcement of the Pacific Zeppelin Transport Company's building program came within forty-eight hours after the organization of the firm. Stock of the company was taken equally by the Goodyear organization, the National City 3ank of New York and the banking houses of Grayson M. P.

Murphy Company and Lehman Brothers of the same city. WILL NOT COMPETE "The Pacific airship line vill not be a competitor of any other air, land or water transportation company, but rather will serve as an ally to all such American organiza- (Contlnued on Page 2, Column 6) THE DAY'S NEWS SUMMED UP ARE STORM SINKS SHIP Twelve Perish, Sixty Saved Steamer Wisconsin Founders Due to in Second Tragedy of Week Radio Reports Reveal Battle Against Rising Water as It Floods Engines By a "Times' Staff Representative CHICAGO, Oct. 29. (Exclusive) Twelve more persons perished on Lake Michigan today when the lake, stirred, by a gale, reached out for the second time within a week in a lashing fury that dragged to the bottom the steamship Wisconsin, one of the largest of the Goodrich Transit Company's fleet, a few miles oft Kenosha, Wis. The loss of the Wisconsin followed exactly seven days the sinking of the Grand Trunk Railway's giant car ferry, Milwaukee, with fifty-two' persons aboard.

A valiant captain gone down with his ship in a fifty-mile gale, eight others of the crew drowned and three more missing and given up for dead, sixty saved in wild night rescues thus begins the obituary of the ill-fated Wisconsin. ENGINES FLOODED Hours of pumping against an ever-rising flood in the rocking, plunging hold of the leaking ship until the fires were quenched, the en- Continued on Page 2, Column 5) blasted by affidavit of juror. Page 1, Part IL PACIFIC SLOPE. Air liner "lost" in New Mexico is flown into Albuquerque safely after storm forces landing and twenty-four-hour delay. Page 1, Part I.

California gasoline tax shows 16.15 per cent gain for quarter. Page 2, Part GENERAL EASTERN. Financial giants battle chaos as wild stock market breaks all sales records. Page 1, Part Twelve drown, sixty rescued In sinking of steamer in Lake Michigan storm. Page Part I.

Pacific Zeppelin Transport Company reveals extensive building plans Including large Los Angeles hangar. Page 1, Part I. Dr. John Roach Straton dies in sanatorium. Page 3, Fart I.

Kahn declines post as G.O.P. com. mittee treasurer. Page 5, Part WASHINGTON. Max Thelen presents final arguments in Los Angeles union station case to Supreme Court; justices impressed.

Page 3, Part Senator Watson is forced to leave Senate for rest as he faces physical collapse. Page 4, Part I. President Hoover grieves over death of Senator Burton whom he praises highly. Page 4, Part Grain growers first to form selling association under Farm Aid Act; Legge pledges $100,000 000 for capital. Page 5, Part I.

Grundy surprises Senate committee with attack on small State's tariff bill obstruction. Fage 5, Part I. FOREIGN. Hundreds of Americans stranded In Paris by stock crash. Page 1, Part Debdier fails to form Cabinet 1, Part I.

Three British Industries face wage (disputes as Parliament prepares to open. Page 10, Part Mark Requa forecasts return of pastoral hardships as penalty for waste. Page 10, Part I. Fireman Killed in Train Wreck CHATTANOOGA (Tenn.) Oct. 29.

MP) Forrest Aderholt, fireman on No. 43.. passenger train on the Alabama-Great Southern Line, was killed and several passengers injured when five cars and the engine of the train left the tracks at New England, Ga, twelve miles from here earl today, 1 ity with climaxes punctuating every hour. Only an erratic rally in the last hour saved the market from titter chaos. It was then the banters and investment buyers dipped into a grab bag filled with hornet? tir.d sought furiously to rally prices They succeeded after a fashion, but no one, as yet, knows the full temper of this history-making market TREMENDOUS PLUNGE Last Thursday's 12.894.600-share record was passed in a swirling clcui of sell orders soon after middav bi the clogged tickers clattered on into a new mathematical world.

BefoiM the rally prices were driven down recklessly as much as $45 a shara as blocks of 50,000 of blue chipi stocks came crashing into the market. A few minutes before the close a vicious attack was launched on United States Steel to feel the temper of the market. Steel gave wav to a low for the day, but true tn its name failed to crack and snapped back in the last minute. Nevertheless this bellwether of th-market suffered a $12 loss, carrying it into new low territory. Stout resistance met the tradr.n In other quarters as bullish news seeped into the turbulent market.

United States Steel declared a $1 extra dividend. American Can announced a similar extra dividend. SENTIMENT CHANGES Sentiment changed suddenly on the floor and there was a wave cf optimistic feeling among the brokers. Old traders "felt it in thei bones" the worst was over. Heavy buying for cash made its appeal-ance, and although unexplained, helped to restore confidence.

Brokers were declaring that frenzied selling had run itself out. Stocki rose easily for a time, but fluctuations at the close were still highly erratic and nervous. Another day should tell the story. The street does not expect to recover from such a devastating setback in a hurry. Bankers in San Francisco, following the lead of New York, formed a pool to support stocks.

Reports from Central Stat cities indicate that bankers taking steps to shut off some of tlia liquidation from the New York market. The optimists saw hope in -th catch-as-catch-can rally in tin afternoon. Yesterday there was rally. When a stock tumbled it stayed down. Today when a stoc hit what should be bottom sonv -body was likely to pounce on There still are bank accounts in New York and so long as there ara cashiers' checks there will be bargain PETS SLAPPED DOWN The leaders were hit on the today and the rich man's pets a wallop along with the stocks tin little trader "used to own." American Can slid down $16, American Foreign Power shed $22.50, took it on the chin tcr $17.

Sears, Roebuck was hit for $16 25. There were many others in the same company. Among the more volatile stocks (Continued on Page 2, Column 21 by tourists seeking to cash check. drafts, O. or anything to raise money, and all have been instructed to be extremely cautious about advancing funds and generally they Insist on cabling banks In the United States for assurances that the checks are good befora passing over the money.

Many of the wealthy class of visitors are frantically trying to sell valuables which they purchased here a few weeks' ago, when they were still comparatively rich, and Jewelers declare that more than halt of their recent customers are desperately trying to return the gems purchased before the crs-li for half what they paid for them. Classified advertisements in newspapers contain oilers from formerly rich American women offering to sacrifice robes, coats and even to- (Continued on Page 2, Column tt PREMATURE EXPLOSION KILLS THREE Victims Were Union Men Believed Making Bomb to Wreck Theater' HOT SPRINGS (Ark.) Oct. 29. (Exclusive) Three men, members of the International Alliance of The atrical Stage Employees Union were killed tonight by the premature explosion of nitroglycerine with which the police believe they Intended to wreck the Princess Theater here. There has been a wage dispute between the owners of the theater and its union" employees for several weeks.

The victims of the explosion are: Roy V. Pugh, 45 years of age, W. W. Sickel, 45, and Spencer Bryant, 38, a union painter and decorator. Pugh held membership in the Tulsa local of the union and Sickel was a mem ber of the Seminole local.

Both, however, were said to be in the employ of the Orpheum Theater at Tulsa, Pugh as stage manager and Sickel as electrician. Bryant, It is said, was a former union motion-picture operator. From a "letter found in Pugh's coat the police learned that it was Bryant who had written for Pugh and Sickel to come to Hot Springs. Death Plunge of Union Tobacco Head Coincident With Stock's Drop NEW YORK. Cvt.

29. (Exclusive) Albert Schneider, 60-year-old president of the Tobacco Company, died today In a six-story plunge from his eleventh-floor apartment in the Hotel Beverly. His friends and hotel officials insisted his death was accidental. If such, police pointed out, it was strangely coincident with an amazing depreciation in the quoted value of the stocks in the large tobacco companies he heads. Webster-Eisehlohr, stock on the New York Stock Exchange, selling at a high for the year oi more than $133 some months ago and at $63 a week ago, hit a bottom of $4 yesterday and again today.

The company is a $12,500,000 corporation of the Schulte chain. Union Tobacco stock, which sold up $20 a share earlier in the year, was down to around $1 a share on the curb today. Yet, according to Louis MorrelL a Beverly Hotel waiter, Schneider was leaning out a window of the apartment into which he moved alone last February trying to repair a radio aerial when the waiter entered with his breakfast this morning. Morrell told investigators he saw Schneider lose his balance and fall outward. Dropping the tray, the waiter asserts he reached the window in time to seize Schneider's left foot.

Struggling briefly to drag the tobacco magnate back through the window, Morrell's hold was broken and Schneider fell to the street below, dying instantly. CHICAGO MAN SHOOTS SELF IN KANSAS CITY KANSAS CITY. Oct. 29. OP) Believed a victim of the falling market, John Schwitzgebcl, said to be a representative of Chicago Lloyds, shot himself here today in his room at the Kansas City Club.

His condition is critical. Charles Schwitzgebel, a brother, and a department head of the Commerce Trust Company, said he had no explanation unless the insurance man had been caught the market." Brakeman Dies in Rail Collision ROSE VJXLE, Oct. 29. OT) Fred Frith, a Southern Pacific brakeman, was killed and two other trainmen, Conductor E. E.

Larlson and Switchman Max Langston, were injured today when a rolling caboose collided with a switch engine in the yards here. Frith was thrown from the rear platform and the caboose passed over his body. Larlson's arms were fractured and Langston received severe lacerations and bruises. WILBUR DISAPPROVES RIO GRANDE COMPACT WASHINGTON, Oct. 29.

(iP) The Interior Department today disapproved the proposed Rio Grande River compact being considered by the Senate Irripatlon Committee. Secretary Wilbur notified the committee his department cannot sanction it because the commission which formed the compact failed to apportion the Rio Grande waters among Colorado, New Mexico and Texas, the Btaus party to the proposal. cians' union, the Musicians' Mutual Protective Association, Is a rather one-sided one and is of interest chiefly as illustrating the disadvantages to the public of a thoroughly clossd shop in any line of The professional musicians here are very nearly 100 per cent unionized and. with a few notable exceptions, the union membership comprises the ablest talent. There have been a few nonunion commercial bands and orchestras, but their way has been made difficult by every device known to unionist ingenuity and many of them have ultimately been forced out of existence or into the union.

It is not to be assumed that the rank and file of unionized musicians 6hare in or even sympathize with the arrogant methods of their union's officials. On the contrary there are many instances, in which the players themselves would have been glad to defy union orders but for the fact that the organization literally controls their bread and butter. One of the first examples to come to public notice of the peculiar characteristics of this union's officials was in 1913 when the local Shriners put on a show to raise money for charity. The Shrine Band had a very essential and Important part in the program. At the last moment and too late to make any other arrangements, the union forbade the thirty union members of the band to participate, calling them out, in fact, Just as the pa rade was forming.

No reason was (Continued on Fage 10, Column 1) tains his old post In the Foreign Office. The vote of the Socialists against participation In a bourgeolse government was a hard blow to M. Daladier and his Radical Socialist colleagues, who had promised the Reds a revolutionary program if they took part in the government, which was to lower the taxes of the poor, raise the taxes of the rich, cut down armament expenditures, raise the expenditures for social welfare and release all Red political prisoners. FEATURES. Radio, Page 7, Part II; Women's Page, Clubs and Society, Page 6, Part II; Markets and Financial, Pages 1 to 19, Part Oil News, Page 20, Part Pictures, Page 8, Part Comics, Page 12, Part I.

NEWS OF SOUTHERN COUNTIES. Page 13, Part NEWS Part IN SPANISH. Page 10, SHIPPING Part NEWS. Page 6, SPORTS. Mickey Walker retains world's title by defeating Ace Hudkins in Wrigley Field fight.

Page 11. Part II, Lom certain to be dangerous against Trojans at Coliseum Saturday. Page 11, Part II. Coach Knute Rockne denies report that he will be forced to quit jeb for balance of season because of illness. Page 11, Part II.

Arnold Statz wins baseball players' golf championship. Page 12, Part IL THE CITY. Oil conservation pact signed at Santa Fe Springs. Page 1, Part II. Shuler defense In Cryer case Indicated.

Page 2, Part IL Monterey Road improvement protest denied by Council after heated session. Page 1, Part II. Eleanor Boardman admits cash accounts for income-tax return were false. Page 3, Fart IL Chest campaign divisions reported on by Chairman Kerr. Page 10, Part II.

Island university head describes Hawaii as laboratory of races. Page 1, Part II. Manufacturing in State totaling $5,000,000,000 is forecast by State chamber leaders. Page 3, Fart IL Japanese motor liner Asama Maru pays first call at harbor. Page Part II.

Council reverses action on Hollywood five-finger plan paving; cement concrete adopted Instead of Wlllite. Page 5, Part IL Pantages's "hope" for new trial Many a man never gets very far because he stops so often to pat himself on the back. CRASH MAROONS TOURISTS Hundreds of Americans in Paris Ruined by Stock Debacle Seek Aid to Return Home DALAD1ER GIVES UP GHOST French Socialist Fails to Organize Government; Briand or Tardieu to Get Post (Copyright. 1929. by the Chicago Tribune) PARIS, Oct.

29. (Exclusive) Panic scenes resembling those of ths first days of the World War in August, 1914, were being re-enacted hers today with hundreds of suddenly Impoverished Americans ruined by the series of Wall-street market crashes seeking financial aid and rCoDirlEht. 1929. br the Chicago TrlbunM PARIS, Oct. 30.

(Exclusive) Smacked in the face by the Socialists, whose national council, convoked from the four corners of France, today voted 1590 to 1450 against participating in any "bourgeois" government, Edouard Daladier, leader of the more conservative Radical Socialist party, gave up the ghost early this morning. After a call on President Doumergue to' inform him of his difficulties in forming a radical government, he announced he had definitely given up the task of forming steamship accommodations home. Various brokerage offices main taining cable stock quotations from New York were jammed with crowds of men and women helplessly watching the ticker whittling away the fortunes they had amassed during the upward drive of the market in the last couple of years. Owing to the difference In time the brokerage offices here are open from 3 p.m. to 8 p.m..

and many customers and speculators dash back In evening clothes and in decollette gowns to get a last glimpse of the quotation board and learn they have sunk another step toward poverty. BANKS CAUTIOUS Branches of American banks and travel agencies have been besieged a ministry, The way now therefore seems to be open for the re-establishment of Raymond Polncare's old concentration Cabinet, with either former Premier Briand or Andre Tardieu as Premier and Henry Cheron back in his old Job 83 Finance Minister. The situation seems to be in the hands of M. Briand and he either ran form a ministry himself or let M. Tardieu or some other Center leader take the responsibility of pre siding over the Cabinet, while he re-.