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<T7. 8. Weather Bureau Forecast.) Increasing cloudiness and slightly warmer tonight, probably followed by showers tomorrow. Temperatures; Highest, 74, at noon yesterday; lowest. 42. at 6:30 a.m. today. Full report on page 9. Closing N. Y. Markets, Pages 14 and 15 v_ Q1 nn Entered as second class matter ■i’Oj post office. Washington. I>. C. OIL LEADERS URGE PRODUCTION CURB : UPON 11 BASIS Petroleum Institute Commit tee Recommends Restric tion Effective April 1. WORLD PRODUCERS AGREE UPON MOVE Boyal Dutch Shell. Mexican and j Venezuelan Interests Are Represented. Bs- the Assecisted Press. NEW YORK. March 27.-‘-A return on April 1 to the 1928 production basis was recommended to the directors of the American Petroleum Institute to day by the institute's committee on world production and consumption of petroleum and its products. Announcement of the committee's action was made by R. C. Holmes, presi dent of the Texas Co. and general chairman of a meeting of oil producers held at the institute's offices. “In attempting to formulate a plan whereby the conservation of crude oil can become an actual accomplishment and at the same time avoid the widely I fluctuating condition resulting from; overproduction the committee has been guided by the thought that whatever is practical should be done without delay,” said Mr. Holmes. “At the Houston meeting of the com mittee on March 15 iast regional com mittee reports were considered.” said Mr. Holmes’ statement, “and the rec ommendation is being submitted to the board of directors of the American Petroleum Institute that, beginning April 1, average daily crude oil pro duction for the four regions, namely, Pacific Coast, Gulf and Atlantic Coast, interior and Mexico and northern South America, should not exceed the average daily production during the year i 928.” Thorough Study Urged. The general committee also recom mended that committees be established to enable the industry to keep in effect any plan adopted as workable and to study all various features through which a more orderly operation can be con ducted and waste of all kinds avoided Mr. Holmes said that the four regional committees reported to the general com mittee this morning that the 1928 pro duction basis could be put into effect. The efforts of the industry to curb over production, he said, had been made with the full knowledge of Federal and State authorities, and constitute the logical step that can be tak&n to bring about economical stabilization. The final plan of action will be sub mitted to the Federal Oil Conservation Board, appointed by former President Coolidge in 1924, for approval and then submitted to the State authorities of the principal oil-producing sections. Dr. Smith Represents United States. The Federal Oil Conservation Board was represented by Dr. George Otis Smith, director of the United States Ge ological Survey and chairman of the advisory committee of the board. E. B. Reeser. president of the Pe troleum Institute; Sir Henri Deter ding, managing director of the Royal Dutch Shell group, and E. J. Sadler, president of the Creole Petroleum Corporation, representing Mexican and Venezuelan producers, were present, in addition to about 50 officials of the foremost Amer ican companies. The meeting of the general commit tee was followed by a session of the di rectors of the American Petroleum In stitute to whom recommendations for the conservation plan were submitted. In some quarters here and abroad statements have been published alleg ing that today's meeting constituted a conclave of the world’s “oil kings” in an effort to gain control of output and price of gasoline at the expense of the consumer, but this has been officially denied. Sir Henri Reveals Start. Sir Henri arrived from abroad yes terday on the ship that brought John D. Rockefeller, jr„ but Mr. Rockefeller said that, although they had me**So cially on board, there had been no dis cussion of oil. Sir Henri indicated that his visit was j one of the fruits of a conference he | had last Summer in Scotland with Win ter Teagle, head of the Standard Oil Co. of New Jersey, and Sir John Cadman of the Anglo-Persian Oil Co. At the time it was said the meeting was for "shoot ing. fishing and forgetting about oil.” “We didn't, do anything but exchange views at that time.” Sir Henri said, “but we agreed that oil production ought to be curtailed. There remained to be considered how curtailment might be reached. Certainly it must be arranged in such away that no one group shall profit by the sacrifice! of another. “I understand that what I heard and discussed with other oil men is a con tinuation of the movement which be gan then. Everybody today is agreed that conservation of oil is immensely ■ important, both to the industry and the public.” States to Be Notified. The proposal of the general commit tee would cut approximately 178,468 barrels from the average production thus far in 1929. Total production in 1928 was 897,816,793 barrels, a daily average of 2.453,051. Daily average to last March 16 was 2,631,519 barrels. Territories affected W’ould be the United States, Mexico and Northern South Africa. Directors of the Petroleum Institute were here for a meeting this afternoon at which the report of the general com mittee will be considered. If it is ac cepted. it will be forwarded to the Fed eral Oil Conservation Board, which in turn will notify the States of the action. , • —— Nobel Prizes Grow. STOCKHOLM. March 27 (JP).— The Nobel prize winners will this year re ceive a new high sum of $46,299, as compared to $42,060 in 1928. Originally each prize was worth $40,511. but the value shrank to $30,802 in 1923. Bank Statements Washington clearing house, $5,039,- 691 23. Treasury balance, $423,493,879.02. New York clearing house exchange, t 1.829.000,000. New York clearing house balance, s4i6?.OOQ,QCiO. . Ludemlorff Fined For Calling German Freneli in Hamburg By the Associated Press. BERLIN. March 27.—Gen. Erich Ludendorff, who has been spend ing his time fighting Freema sonry. Judaism and in the prop agation of worship of the old German gods, has been sen tenced by the Hamburg courts to a fine of 800 marks or 16 days' imprisonment for libeling an army photographer. The general described the pho tographer as a “Frenchman” in an article entitled "Examples of the Immorality of Freemasons.” POLITICS SIRED BY HOOVER STEP j Southern Patronage Stand Discussed in Effects on Both Parties. BY DAVID LAWRENCE. President Hoover's pronouncement on the subject of Southern Republican ism is considered one of the most re markable and extraordinary steps in the history’ of party politics. Everybody who is at all interested in politics discussed the statement to day objectively, its effect on the Demo crats, its relationship to the building of State and county Republican or ! ganizations in the South and what it I might do to the Negro groups in the i next campaign. That Mr. Hoover himself instead of the chairman of the Republican na tional committee should Issue the state ment was regarded as significant. Demo crats said it was ®n indication that the new President was willing to give em phasis to the political side of his ad ministration from the outset and that his promise to use Federal patronage to build a political organization in the South would come in for plenty of com ment, w’hen the Democratic critics get busy. Mr. Coolidge almost never made a political statement and felt that even in the campaign he should keep the partisan slant out of his remarks. Mr. Wilson's venture into partisanship in his famous appeal of 1918 for a Demo cratic Congress was ill-fated. Defense of G. O. P. Leaders. Some of the Republican leaders from the South, who have been struggling to build up the party for many years de fended the Hoover statement on the other hand by saying that he alone could vigorously inspire a reorganization of the party and that he had to take re sponsibility in a situation which no other Republican President had had the good fortune to face—namely the cast ing of electoral votes from Florida. Texas, North Carolina and Virginia for the Republican presidential ticket. It is conceded, however, by the prac tical politicians that Republican party cannot be built to the South from the top down, and that tickets will have to be placed in the field for all offices to the State and county. This means that Democrats who voted against Smith will have to choose whether to affiliate permanently with the Republi can party all along the line or merely assume the status of independents who wish to be free to vote for whomever they please. This works out easily for the individual voter, but it means em barrassment for the political leader or the individual who is ambitious to rise in politics. The spectacle of a promi nent man who votes the Republican ticket nationally trying to obtain a State office on the Democratic ticket would be as interesting as It would be rare. Political strength isn’t built up that way. Effect on Anti-Smithites. The Democrats are of the opinion that the Hoover statement will drive the anti-Smith Democrats back into their own party, the theory being that many of them were expressing a protest in the last campaign rather than ac cepting the opposite party, and its prin ciples through the repudiation of Negro committee men may be the basis for a new viewpoint toward Republicanism to the South on the part of former Democrats. There have been some suggestions that the Republican national commit tee be reorganized to include members at large so that whites who w’ere lead ers might sit on the national commit i tee from those States where Negro com j mitteemen were elected or Negro mem ! bers sit on the committee in States where white committeemen had won the positions. In other words, an effort would be made to give representation in some way to the 12,000,000 Negroes of the country. It has also been suggested that this plan would permit representation for other groups, such as labor, which never before had a voice in national Repub lican committee affairs except in a campaign. Bascom Slemp, former pri vate secretary to President Coolidge, and one of the best posted men on Re ; publican politics to the south, is spon soring the plan. Mr. Hoover’s announcement opens up party warfare in the South at a time when the Democrats have been having their troubles in getting organized. It ; affords a place for the Hoover Demo | crats to go if their brethren don’t take . them back, and it marks a possible line j of cleavage in State politics which, up ! to now, has been somewhat nebulous. (Copyright. 1928. ) BELGIUM RATIFIES PACT. i | Nation's O. K. of Anti-War Treaty Deposited Here by Envoy. Prince Albert de Ligne. the Belgian Ambassador, deposited in the State De partment today Belgium's instrument of ratification of the general treaty for the renunciation of war. Only France’s and Japan s ratifica tions are necessary now to bring the j treaty into full force. Home Brew Brews Youth Rare Folly; - Now He Rues Rash Theft of Trolley ' ! I J By the Associated Press. 1 ST. LOUIS. March 27 —Stuart Over j lin, 20-year-old meat cutter, who came ! here recently from Kentucky, decided ! to "take a street car home" early this - j morning. Accordingly, he walked over to the ! Public Service Co. barns, boarded a de , ! sorted car, rang the bell and started i westward where he roomed. | He had rumbled along for about, two nnles when he was overtaken In an a\i* %\\t fy enittQ fftaf. WASHING TON, D. 0., WEDNESDAY, MARCH 27, 1929 - FORTY-FOUR PAGES. * f ■ —' CANADIANS STUDY LOCATION OF START OF I’M ALONE CHASE; Question of Diplomatic Pro test May Hinge on High Seas Issue. CLARIFICATION OF RUM TREATY MAY RESULT ! Legation and Embassy to Co-oper i ate With Information Trans mitted by Consul. By the Associated Press. Official reports of the British con sulate at New Orleans on the sinking last Friday of the Canadian rum run ner I’m Alone were received today by the Canadian legation. It was said at the legation that the only point in the reports which has been studied so far is that of the dis tance of the I'm Alone from shore when first hailed by the Coast Guard cutter Wollcott. Diplomatic circles said today that there is a possibility that the case may not leach the point of diplomatic rep resentations by the Canadian govern ment since, if it is established that the I'm Alone w’as inside American jurisdiction, the case probably wrould not be pressed. In case the ship was proven to be outside American terri torial waters, it was believed probable that the State Department would ac knowledge the Canadian position and take steps to have the matter settled. The Canadian legation will transmit to the British embassy any informa tion in today's reports which may oe desired or thought necessary by the ! British representatives. May Clarify Difference*. Differences between the United States and Great Britain over interpretation of the 1924 rum-smuggling treaty are likely to be clarified as one outcome of the sinking of the Canadian schooner I’m Alone, 200 miles off the Louisiana Coast, Friday by an American patrol boat. In the opinion of State Depart ment officials, the case involves techni calities which , 'ail for the skill of in ternational lawyers. Only a few' changes are needed to make the rum-smuggling treaty more effective, as Rear Admiral F. C. Billard, commandant of the Coast Guard, view’s the situation. These, he suggests, might include an agreement under which the Government w'ould require ships using their ports to furnish proof that their cargoes were delivered at points designated in their clearing papers. Inquiry on Restrictions. American benefits under the treaty would be nullified, he believes. If the right to pursue suspected vessels were restricted to one hour’s sailing distance from the coast or the implied right to use force in exercising the search and seizure privilege were restrained. That is one of three points w’hich diplomatic circles here view as possible bases for a Canadian protest, if it de cides to take such action. International law’ recognizes only 3 miles as the lim it of territorial waters and sanctions “hot pursuit” only when begun within that area, it is explained, whereas the chase of the I’m Alone began, accord- i ing to Coast Guard estimates, not less than 8 miles from shore. When pursuit begins within one hour’s sailing distance of the coast the American interpretation of the rum smuggltog treaty holds that continuing the chase beyond such limits is per missible, but this viewpoint has never been definitely accepted by the British. The other two points have to do with the nature of the pursuit of the I'm Alone in which the patrol boat that began the chase was joined by another and continued for the unusual distance of 200 miles, and with the question of whether the sinking of the schooner by the latter, w’ith the loss of a seaman’s life by drowning, can be regarded as justified by the circumstances. Affair of United States and Canada. Meanwhile the sinking of the I’m • Alone has resolved itself into a ques- j tion for settlement between the Cana- ; dian and American governments. Sir Esme Howard, the British Am bassador, w ho had made the original in- j quiries at the State Department con cerning the sinking of the vessel, in ’ formed the American Government yes terday that the ship was of Canadian s registry and that replies to his inquiries r should be addressed to Canadian Min • ister Vincent Massey. All discussions in ■ the case will henceforth be conducted i between the Canadian and American • governments. , The Canadian Minister called at the ■ department and inquired regarding the ■ incident. State Department officials studying the reports of the Coast Guard, ) and pending the outcome of the pre • liminary hearing of the crew of the I'm t Alone at New Orleans, were unable to ; t give the Minister any definite toforma- l - tion. - Secretary of State Kellogg said today - that the State Department is awaiting 3 a full investigation and full reports of the incident. Preliminary reports from New Orleans are now’ being studied by the department. Secretary Kellogg is not actively dealing with the case, but w’ill leave it to Secretary of State Stim son, who will take office Thursday night.. j The reports so far received by the department do not show whether the I’m Alone was within the treaty stipu lation of one hour's run from shore 1 when hailed by the Wollcott, the Sec l retarv said. He remarked that this is an important point. It is understood that the British consulate's reports sub mitted to the Canadian legation are p also obscure on _the_question of the dis | (Continued on Page 2. Column i.) itomobile by four patrolmen, who had ; been notified that a street car had been , I stolen. They stopped the car by pulling i the trolley off the wire. 1 1 “I had a few bottles of home brew i 1 and I guess the stuff went to my head," | Overlin explained when he was taken ■j to a hospital for examination. "I got • j tired of waiting for an ‘owl car,’ so I l j reckoned I’d just borrow a trolley car.” ! He was locked up on a tentative > I charge of "taking a motor vehicle with* ■ lout th.e owner’# consent..’’ . . recomputed ESCALON CAPTURE SEEMS IMMINENT Steam-roller Tactics in Fight ing Rebels Develop Broadly. By the Associated Press. Gen. Calles’ steam-roller tactics in fighting the rebels appeared to be de veloping broadly today. The general's main army was stead ily advancing northward and capture of Escalon, important rebel outpost town, appeared imminent. » A rebel chase along the west coast also was reported by the government, which said that the insurgents who i abandoned the siege of Mazatlan after a heavy fight faced being bottled up at Culiacan. Insurgent headquarters insisted that a small rebel force was still besieging. Mazatlan. Advices from Culiacan stated that federal troops were marching on that place from Durango. If they capture it they could cut off numerous rebel troops still in Southern Sinaloa. Gen. Calles reported crossing the wide desert in Southeastern Chihuahua and that now that this difficult bar rier was past his progress would be swifter. Quiet prevailed along the border and the attack on Naco by the rebels still i hung fire, although they were within j eight miles of the town. G. K. “Buzz” Morrison. American ! airman, who was captured by the j rebels while flying in federal service, j reached Nogales safely, having been j released despite a rebel threat to hold I him. I A group of American flyers is being organized by the rebels to counter the growing use of airplanes by the gov- , ernment forces. FEDERAL PILOT IS VICTOR. First Air Battle to Death in Mexican Insurgent History Is Fought. MEXICO CITY, March 27 t/P>.—ln the first air battle to death ever fought in any Mexican revolution a federal pilot was victor, and sent his rebel ad versary crashing from a height of 4,000 feet, government advices today said. , . . The battle occurred Sunday during the seige of Mazatlan by rebel forces under Gens. Roberto Cruz and Fran cisco Manzo. A federal plane piloted by Lieut. Jorge Llerenas met a rebel l plane aloft over Venadilla, suburb of I Mazatlan, and after brief maneuvering j and fighting put his ship out of com i mission. . , i It was believed the pilot was killed, i Gen. Plutarco Elias Calles reported to President Portes Gil today that his columns had succeeded in crossing the desert of Bolson de Mapimi and that he expected by tonight his advance guard would occupy Escalon. The federal generalissimo described the crossing “as the most serious battle, of this military campaign” and termed the desert a more powerful enemy than the rebel Gen. Jose Gonzalo Escobar, whose troops he is pursuing. Destroy Railroad Tracks. The rebels, retreating from Torreon, j tore up almost every mile of the rail- j ! road track northward* to Escalon, and j j Gen. Calles was able to make but little | use of the line in his advance. It was > necessary to provide water for his sol- i diers bv means of tank trucks, the iso- I lated wells in the desert, which there ; has an area about that of the State of j Ohio. being Insufficient for their needs. ] (.Continued on Page 5, Column 2.) j PERJURY CHARGE CAUSES MASQUERADER TO FAINT ‘Capt. Barker,” London Woman, Accused of Swearing to Fic titious Name. By the Associated Press. * LONDON. March 27.—Upon hearing J a magistrate's decision holding her for trial on a perjury charge. "Capt. j Barker.” London's woman masquerader, | fainted in Marylebone Police Court to- j day and had to be carried out. The defendant, who was summoned a fortnight ago on a charge of swearing to a fictitious name before the high j court, sat through the preliminary hear- ! ing this morning huddled up in a chair, swaying her head from time to time. A new charge upon which she also was held was brought during today's hearing. It was that she made a false declaration in connection with a mar riage ceremony through which she went under the name “Victor Barter, bach elor,” with Alfreda Emma Hay Ward at ■ Brighton in 1923. ’ Radio Programs— 30 President Installs Telephone on Desk. Breaking Precedent | - Hoover's Ideas Prove to Be Different From Predecessor's. President Hoover has had a telephone placed on liis desk in the executive of fice, thus establishing a precedent. Presidents during the telephone age prior to Mr. Hoover's taking office very rarely used a telephone and when they did they cither talked over one in a booth in a room adjoining the Presi dent's office or the one in the Presi dent's study on the second floor cf the White House. When they had occa sion for telephoning they always; turned the task over to a secretary or to some other attache. Mr. Hoover's ideas regarding the ac tivities of an Executive are different. He had not been President more than j two weeks when he decided that he no longer relished leaving his desk to go to another room to use the telephone. He had frequent occasions to use this means of communication during his of fice hours and he discovered that he was wasting too much personal effort leaving his desk chair and hurrying back and forth to the booth telephone. Therefore, he gave orders to have the phone placed at his elbow on his desk and since last Monday it has been used by him. He had installed what is known as the “continental apparatus,” the one-piece phone. This, however, is only one of the many innovations that Mr. Hoover is expected to foster. At Mr. Hoover’s suggestion the large room on the second floor of the White House which heretofore has been used as a President's study or library, and which has served as an auxiliary office, has been transformed into a living room. Decorations and arrangement of the furniture have been changed to meet this purpose. Easy chairs, large lounges and attractive floor lamps have been added to the room. Plans for altering the interior of the executive office so as to meet the re quirements of the new administration are completed and the actual work will commence within the next week or two. Mr. Hoover would like to build a real office building for the executive office, but this is out of the question, as such a structure would not be in conformity with the general architectural scheme of the White House. Therefore, in order to not break the present architectural lines, the added space to the executive offic? is to be acquired by remodeling what is now' the basement and utilizing the west wing connecting the White House and the executive office. TWO MOVES IN SPAIN TO RETAIN DICTATOR Several Hundred Professors and Rectors Sign Manifesto Seeking Continued Rtile by Rivera, i Bs' the Associated Press. MADRID, March 27.—A manifesto, signed by several hundred professors and rectors of large Spanish educational institutions and others, seeking contin ued rule of Spain by Premier Primo de Rivera, was published today. ; The manifesto said, in part: “It is j necessary to show the world the grati- I tude and applause of the Spanish pco | pie for the work done by Premier Primo | de Rivera and to prove to the dictator j that he is supported by public opinion, I which will remain with him until he | has completed his task.” | Another manifesto is being circulated I among women all over Spain which will plead with the premier to continue in pow’er longer and not retire from office, I as he announced this week in a semi official note he soon would do. THREE PERISH IN FIRE. Children, Asleep in Home, Burn to Death as Brother Escapes. EMPORIUM, Pa., March 27 (VP>.— Three children burned to death in a l fire that destroyed a home here today. | The children’s father and 14-year-old sister suffered severe bums, j The victims were Thelma and Velma ! Smith, 51 year-old twins, and Mary Ann Smith, 3. They were asleep when the | Smith home caught fire. The cause of i the blaze was not learned. A small | brother of the children leaped from a j window and escaped Injury. The mother was not In the house when the fire occurred. Maryland and Virginia News Pages 10 and 11. NATIONALISE FORCE ROOTED AT CUEFOO Chang Tsung-chang’s Troops Take Control of City After Two-Day Battle. By the Associated Press. CHEFOO, Shantung. China. March 27. —Marshal Chang Tsung-chang, en tered this city at 8 a.m. today and, practically without hindrance from its Nationalist defenders, took control. The British sloop Cornflower and the United States cruiser Trenton moved in shore to a position near the foreign j quarter to meet any emergency which might arise. Defeat of the Nationalist troops fol lowed treachery and defection of 7,000 of their number who went over to ’ Chang, former war lord of Shantung province. Munitions Left in Retreat. The Nationalists, w’ho were led by Gen. IJu Chen-Nien. began to retreat at 3 am., after reverses in a battle which had raged for two days east of the city. They passed through the city eastward to the direction of Ntoghai chow’, leaving behind them large quan tities of munitions. Shops all over the city were closed and shuttered tight and residents re mained inside. The Chinese Chamber of Commerce sent a delegation to Chang to arrange peaceful transfer of the I town. Looting by the victorious troops j was feared. ! The Shantung marshal’s forces im- j . mediately took charge of the cable sta- ! I tion, the manager of which previously j had asked a guard from the Trenton in the harbor. Chang's Forces Well Armed. Thousands of Chang's troops passed i through the city pursuing the retreat- j ing Nationalists. They were well | armed, and had trench mortars and j j machine guns. Treachery of a subordinate was as- , | signed as the immediate cause of Liu j Chen-Nien's defeat. The subordinate had charge of a sector of the western i defenses. Last night he refused to | carry out orders to attack, leaving a j gap through which the enemy ad- j vaneed, forcing the Nationalists to re- j treat. The new’ positions of the two war' vessels, close in shore, it was believed, would have the effect of partially main taining order in the city. Leaders Blame Tokio. Marshal Chang landed to northern Shantung on the Gulf of Chihli about the middle of February from Diaren, the Japanese port across the gulf on the Liaotung Peninsula. A spokesman | of the Nationalist foreign office declared | that the authorities had “conclusive j evidence that Tokio aided Chang ! Tsung-Chang’s departure, assisting him (Continued on Page 5, Column 4.) HOME IS PADLOCKED. ; Norfolk Experiences First Case I Under Prohibition Law. , NORFOLK, Va„ March 27 (/P\— Norfolk has experienced its first case j of padlocking of a private residence . under authority of the national pro . hibition law. so far as can be learned , from the records. Judge D. Lawrence Groner of the , United States District Court yesterday ■ issued an order directing that the resi dence of Mr. and Mrs. Harry C. Water [ field be padlocked for one year. The I Government’s petition to padlock the i residence followed granting of a tem . porary injunction against the Water . fields two w’eeks ago, restraining them and their agents from violating in anv form the national prohibition law’. This injunction came after a raid on the residence by Federal agents and city police officers. 1 ! - ■ ■ - - . v ! Alleged Gangster Sheds Tears in Court When Sentenced to 2 Years in Atlanta i By th(> Associated Press. LOUISVILLE, Ky.. March 27.—Re puted hard-boiled Chicago gangmen melted and were reduced to tears when Judge Charles I. Dawson in Federal Court informed them they must curtail their counterflt revenue stamp activities and sentenced them to two years in Atlanta. Joe Rocco, alias Joe Dog, entered a plea of guilty to a charge of selling ' counterflt Government strip stamps | that paste neatly over the necks of liquor bottles and are quite deceptive when so pasted, Ralph Vicey was tried by a jury and found guilty of what “Joe Dog’’ admitted. Ralph walked calmly enough from the court room yesterday afternoon and it was when he was ushered into the holdover pea at the Federal Building “From Press to Home Within the Hour ” The Star’s carrier system covert every city block and the regular edi* tion is delivered to Washington homes as fast as the papers are printed. * Yesterday's Circulation, 110,642 (4 s ) Mean* Atsociated Press. MARKET IN RALLY A3 CREDIT SQUEEZE! 13 QUICKLY PASSED ! Standard Stocks Get Support Today as Money Con ditions Ease. PROFITS QUICKLY VANISH IN DELUGE OF SELLING Small Investors Are the Heaviest Losers. Despite Late Rally Yesterday. Br the Associated Prcs3. NEW YORK. March 27—Wall Street saw signs today that the worst was I over in the acute credit pinch and after a period of uncertainty caused by a call money renewal rate of 15 per cent, stock prices headed upward along a broad front. The most cheering development was a reduction of ’n of 1 per cent in bankers' acceptance rates, the first de cline after several months of successive increases. The high call money re newal rate eventually brought a liberal supply of funds and fears that it would be advanced faded. The National City Bank, which sup plied the money market with funds yes terday when the call money rate threatened to go above 20 per cent, today announard it would continue its ! policy of lending assistance when neces sary. Charles E. Mitchell, president of i the bank and a director of the New York Federal Reserve Bank, stated that the bank was offering an additional $25,000,000, to be loaned as follows: $5,000,000 each at 16, 17, 18, 19 and 20 i per cent. No Concerted Action. It was pointed out that there had been no concerted action among banks to supply the money market with funds nor any suggestions or intimations that this be done by the Federal Reserve Board, which inaugurated the credit I restriction policy against speculative borrowings. Other banks were expect ed, however, to follow the, lead of the National City In preventing any grave stringency in the market. The recent decline apparently has had a sobering effect on speculative sentiment, and trading showed a mark ed reduction in volume today. This was due, in part, to the fact that thousands of small speculators had exhausted their margins and were not in a posi tion to participate, and also to the dis inclination of others to speculate in a period of credit uncertainty. The ticker, which fell more than an hour behind the market yesterday aft ernoon. was abreast’ of the market at 1:30 p.m. Total sales in the first two hours were only 2.120,900 shares, as against 2,839,400 in the same period yesterday. Banks called about $15,000,000 in loans this morning, largely for the ac count of Chicago institutions, and money was so scarce, even at the high renewal rate, that predictions were again made it would go higher, although few bankers or brokers looked for it to equal or exceed the 20 per cent rate yesterday. Heavy Fund Withdrawals. Heavy withdrawals of funds from the i call money market by investment trusts . was one of the reasons advanced for the i credit stringency. One recently organ j ized Chicago trust is reported to have withdrawn the proceeds of a $60,000.- 000 stock issues temporarily invested in the call market, either at the instance of Chicago bankers, who were faced with an acute credit situation in that city, or to enable it to purchase se \ curities on the recent decline in prices. Early gains of $2 to $6 a share were not entirely cancelled by the midday selling movement, and many of the ac tive issues held above yesterday’s final quotations. New weak spots dropped out, i however, as “bear'’ traders hammered i supposedly vulnerable issues. Federal I Mining and Smelting, which has not ! appeared on the tape for several days, I sold $35 a share below' the previous | transaction. Rossia Insurance dropped !$7 below last night's close. Packard Motors $5, National Cash Register $4 and Anaconda. Radio-Keith-Orpheum. Roi ster Radio. Chrysler and Montgomery Ward sold down $3 or more. American Can, U. S. Steel common, Montgomery Ward. Anaconda Copper and Johns- Manviile sold down $2 to $3 a share. The stock ticker was only 6 minutes late at noon. ‘•Bull'’ Party Encouraged. The task of rebuilding the specula tive structure, which had been shaken to its foundations by one of the most drastic selling movements in the history of the exchange, proceeded with caution because there was no assurance that j the credit stringency, which precipitat-! ed the stock market crisis, had been j definitely passed. "Bull” forces derived considerable en-! couragement. however, from the fact : that the National City Bank and other j large New York institutions had placed large sums of money into the market ' late yesterday when the call money j rate had jumped to 20 per cent, the highest level in nine years, and was! scarce even at that high figure. The belief was widely expressed in, brokerage circles that the reaction had been sufficiently drastic to forestall the ] possibilities of an immediate increase ] in Federal Reserve rediscount rates, j Directors of the New York Federal i Reserve Bank meet after the close of : the market tomorrow. Wall Street gen- • erallv expects a sizeable reduction in j brokers’ loans this week, the estimates | ranging all the W'ay from $150,000,000 1 to $400,000,000. The market opened fairly steady this * morning. Floor brokers, who were on I 1 (Continued on Page 2. Column 5.) j that he entered his strongest and most impassioned plea. In a flood of tears it was: “Oh people of Kentucky. I am an innocent man. Put me not behind the prison bars. I am no Chicago gunman. I am no criminal. Poor Vicey—Poor Vicey! He is so innocent. I fought for your flag and your country. Hear my plea now.” Several weeks ago local prohibition [ agents traced the source of Louisville’s supply of fake liquor stamps to Chicago. They went there and arrested Rocco and Vicey. After overcoming many legal entanglements agents succeeded in bringing them to trial here instead of Chicago. James Diebold. arrested lo cally in connection with the same case, has entered a plea of guilty and will be sentenced tomorrow morning. - TWO CENTS. 1 ROLL OF 34 PLACES ON SPEAKEASY LIST IS SENT TO ROVER Roster Compiled After City- Wide Survey by Police Department. WHOLESALE PADLOCKING j IS IN CONTEMPLATION Captains of 14 Precincts Make Spe cial Check-up After Order Issued by Maj. Hesse. A list of 34 alleged “speakeasies” .which the Police Department believes can be padlocked for continued viola tions of the prohibition law was re ceived by United States Attorney Leo A. Rover today from Maj. Edwin B. Hesse, retiring superintendent of police. The list was compiled by police officials on the basis of information fur nished by the commanding officers of the 14 different precincts, who made a city-wide survey of all places suspected of selling liquor. The captains acted in obedience to a special order issued March 16 by Maj. Hesse which indi cated that the wholsesale padlocking of “speakeasies” was in contemplation in an effort further to tighten enforce ment of the prohibition law. List Incomplete. Maj. Hesse indicated that the list is Incomplete and additions may be made to it before the close of the week when the survey is finished. There are yet several commanding officers, it is said, who have not submitted reports. The 34 alleged “speakeasies” represent the number culled from places reported by the police captains. Thus far. it was explained, the commanding officers found approximately 75 places they be lieve could be padlocked, but which the authorities at police headquarters did not think could be properly proceeded against in an effort to secure injunc tions. United States Attorney Rover has pointed out that in padlock proceed ings it is necessary to show a con tinuity of violations as to establish the fact that a particular premises is being used, as a regular course of business, for the keeping or possession or sale of liquor. In submitting their reports, the police commanders were instructed by Maj. Hesse to select such places as are now being conducted as a nuisance, and wherein the evidence of such vio lations is within a period of time rea sonably near to the institution of such proceedings. Rover Is Given Data. The information furnished Mr. Rover ! was a complete description of the 34 places alleged to constitute a nuisance, the names of the proprietors, together with their assistants, clerks or employes, the kind of business being conducted, the dates of each violation, the name of the person who conducted the viola tion. the amount of liquor sold or pos sessed on each occasion and the name of the person to whom the sales were made. In addition Maj. Hesse's report contained the names of the persons arrested, the amounts of liquor seized in each particular raid, the names of the arresting and seizing officer and the name of the owner of the real estate on which the places are located. The result of the survey. Maj. Hesse commented, belies the pictures that have been painted of Washington as one of the “wettest” cities in the coun try. “Thirty-four 'speakeasies’ is not a large number.” he declared, “and we know there are others and that liquor is coming in here. But that does not indicate that Washington is saturated. "The Jones law already has had a salutary effect on the liquor situation. A number of bootleggers already have gone out of business and I am informed that not as much liquor is coming into the city as before its enactment.’’ AXES USED BY POLICE IN CHICAGO CLUB RAID I Steel Barriers of Casino Broken. Down and 4 Women and 13 Men Arrested at Roulette. By the Associated Press. CHICAGO. March 27.—Police de tectives, with fire axes and crowbars, early today raided the Beau Monde Club, owned by Frankie Pope, well known gambler, broke down the steel barriers of the Casino and arrested 4 women and 13 men engaged in rou i lette. Pope recently sought a court injunc- I tion. to prevent the police from raiding | his dub. in the fashionable North Side i district. The raiding squad was armed ! with a search warrant from Judge | Daniel Trude of the new Racket l Court. j About 100 patrons, dining and danc ing in the main room of the club, were ! thrown into a near panic when the j police swept through the place. At a ' smaller room, barred by a steel door. I the squad sought entrance and. recelv i ing no response, went to work with I crowbars. j All patrons of the gambling room. * | including the owner. Pope, were located, j into patrol wagons. They were re ; leased on bonds after being charged as j inmates of a gambling house. PREMIER VISITS NORFOLK. McKenzie King: Arrives in Virginia for taster Vacation. NORFOLK, Va. March 27 William Lyon McKenzie King, prime minister of Canada, arrived at Old Point. Va.. today to spend the Easter holidays. He denied himself to news paper men. announcing through his secretary that he is here to rest while the Canadian Parliament is in recess for Easter, Coincident with Premier King’s ar rival. accompanied by Senator Andrew Haydon, Sir Henry Thornton, presi dent and chairman of the board of Canadian Railways, accompanied by Lady Thornton, also arrived today for the holidays. —•— Jury Gets Florida Murder Case. WEST PALM BEACH. Fla. March 27 (4>). —The case of T. Southworth, dinner party bandit, charged with tha murder of Horace M. Wells, wealthy Southampton, L. 1., automobile dealer, went to the jury shortly before noon today. Judge C. E. Chillingworth recessed court until 2 o'clock. A verdict was expected some time this aiLoraooa.