Rose Ausländer, Helios Hecht, Itzik Manger, Arnold Schwarz (?)

Is the third man at the right really Arnold Schwarz, the editor of the Czernowitzer daily newspaper “Der Tag”? Experts are in doubt, me too, as Arnold Schwarz, born in 1880, would have been 48 years old on that photo from the year 1928. Please help and let us know your knowledge/supposition!