J j /T*—Sip0CO_BRQADCAST August 5, 193S Good Evening, Ev erybody:- The Stock Market is still doing a Highland Fling. Yes, there is^more encouraging nev/s tonight. The tide of confidence seems to be rising -— not only here, but all over the world. The big spurt V<all Street took yesterday has immediately reacted on the stock markets of Paris, Londbn, and even Berlin. The Hew York Sian tells us that, although today1 s ariaefc^-siaete market was not quite as active as yesterday, at the same time prices generally were higher. '^f~it wasn’t such a bad day^&ftn^fcfca^when you consider that in the first two hours of trading one million four hundred thousand shares were sold. The principal rise was in farm equipment stocks. The grain market also showed gains and commodities generally went climbing. From Paris comes the news that the largest buying for a whole year and a half, for American stocks, has taken place or er there STOCKS - £ iind Europe Is buying dollars —- buying heavily. In ^act Uncle Sara annoimces that gold is flowing back to the U.S.A. again aj.ter many months of the gold tide flowing the other way. Irom all over the continent come reports of men going oack to work. In Illinois, Ohio, and Virginia, and elsewhere, this is happening. This is especially true in the pottery, machinery, textile,and x±± steel trades. A Cotton is up nearly a dollar a bale. In Wall Street some stocks leaped up as much as six points beyond yesterday*s best prices. Another significant thing Is that Wall Street brokerage firms are sending for many of the clerks they had laid off. According to one estimate five thousand of these, who have been out of a job for months, have already been called back to work. If the market remains at Its present level of activity, ten thousand more will be back at their desks next Monday. One firm alone sent out sixty telegrams with this glad news for old employees. And I'll bet they are doing some smiling tonight. STOCKS = 5 At the close of the market In New York, stocks v/ere from three to eight points higher. One of them, an important communications stock, asanr one-hundred-and-one-and-a-half. The other leaders were companies whose business depends directly on farmers. BQMUS She disbanding of the continued today^ though rather slowly. The process of mustering out was hamlted because y'HaX-^ fx&gjft of a peculiar situation in the matter of £&sit transportation. The Baltimore and Ohio refuses to run any Bonus specials eastward because the road passes through Washington. So Mayor MeCloskey has been trying: to get the Pennsylvania to run specials in order to take home such members of the army as agnw? from New England. yv Also a thousand of the boys earn held up because of lack mxxgx of gas and oil for their cars. The fuel had been promised, but up toAtod-«y- none had arrived. A dispatch from West Virginia to the Cleveland Press reports indications that the Bonus EiipadibiencnTr Force &» breaking up into isolated groups^ as ihiasg they westward. One batch of the boys camped in Chicago within almost a stone*s throw S»©» Chicago's famous gold coast, one of A- the spots America. A ^ ADD BONUS Mayor McCloskey of Johnstown, gave birth to a nevf idea today. It was for the establishment of Bonus City, a community for service men. The hard-fisted Sayor A > is predicting that Congress will give the boys their bonus at the next session, £s-)jz$iL> -*»** a * ( He didn1! say how he knows, but he seems Iseedcscw. When that A is done, plans for Bonus City will be announced. He points out that there 1 s no use in each veteran taking his few hundred dollars and squandering it. The money should be pooled for establishing a city of their own. Mr. McCloskey says that if the men don*t get their Bonus at the next session, he himself will lead a march of the unemployed on Washington in the winter ADD BONUS Later this afternoon one hundred and fifty two cars moved out of Johns town* each carrying from three to ten members of the B.E.F. Mayor ^cCloskey had completed arrangements whereby each driver was provided with a full gas tank, a aaorife quart of oil, and a dollar bill, oenoIblo ■ enough 'to- -f A startling episode occurred today at Kelowna in British Columbia, Come people were playing tennis in a park^ltoe* when suddenly one of the ladies n0h, look at the Ogo-pogo, I forgot to say that t&grtennis A courts on the shares of Okanagan Lake, A Sure enough, says a dispatch to the D-iiktsbm^h- A there was the Ogo-Pogo. The other tennis players corroborated the lady1s evidence. Personally, I have never seen an Ogo Pogo, nor encountered anybody who has. Scientists declare there is no such animal. The Ogo Pogo was quite a celebrated figure in the A a. Vv mythology of ihMxiiaii±axxxs±}cs3&=aemfi* Indian tribes of this continent. It was supposed to be a fish thirty feet long^s®^ looking like a serpent. Last year several white people in British Columbia claimed they had seen it. The scientists continue to be doubting Thomases, FISH - 2 The tennis players at f&aobajpaxiiEKiKE Kelowna declare that the Ogo Pogo came to the surface about two hundred yaids from the shore, dived down, and rose again several times. Today they are mainlining rowboat patrols at Lake Okanagan to verify this story and confound the skeptical scientists. LIBBY Tne latest in the fhqcHja±afc£XM 2 EE case of the supposed murder of young Bmith Reynolds is that his widow, the resist , ' 0 n beautiful and gifted Libby Holman, extradition^ who is Her father, Alfred Holman,/xajs a well known lawyer in Cincinnati, is on his way to North Carolina to do his utmost to protect his daughter. Mr. Holman expressed himself wcipy bitterly about the behavior of the North Carolina authorities. The death of Smith Reynolds, he says, 4* a clear case of suicide. Xh Last night1s indictment charging Miss Holman and Ab Walker with murder, is attributed by Mr. Holman to a condition which often happens in these United States, the ambition of an obscure sheriff and county prosecutor to see their names on the front pages of the papers. That, in effect, is the way Mr. Holman puts it. Misirtlolrnan is still in hiding. Her father is on A his way to Winston-Salem to arrange for bail in case his daughter 2 . surrenders to the North Carolina authorities. A special dispatch to the New York World Telegram has it that Mr. Holman1s plan of resisting extradition is to force the prosecutor to reveal what evidence he may hold against MicJ1 iiuimaiN So far, nothing that has been revealed in the newspapers indicate* what grounds there may be for the A indictment. From Rio de Janeiro comes a dispatch quoting an interview with R. J. Reynolds, bte brother of the dead man. This advances a completely new theory for his death. R. J. Reynolds believes that his brother did not commit suicide. On the other hand he does not believe that Libby Holman killed him He thinks his brother might have died accidentally in a scuffle R. J. Reynolds was as shocked by the news of the indictment of Libby Holman and Ab Walker, as are Miss HolmanTs friends in New LIBBY 5 York . He A Insists that his brother v/as incapable of committing xsxt suicide. OLYMPICS I certainly v»ouXd like to be in Los Angeles today, sitting in the Toont rov/ of that^ stadium. At this moment they are running off the finals of the five thousand meter race. And I know few thrills keener than watching thtj coming down the home stretch.' Then there's the final of four hundred A a meters which will take place at about half past eight Eastern 7T , Daylight Tim§^=:cotsp=s«c5-Yesterday was Italy's day. Grantland Rice In the Mew York Sun, says it was the day for which Benito Massolini had waited a long time. That may be putting it a littig bit strong. At any rate, it was a sensational affair, when Luigi Beccali romped home in the fifteen hundred meter race and for the first time broke the strangle hold which Finland and is, not as far as the men were concerned. The only victory for the United States was that of the spectacular Texas gal^Babe John that event. A Uncle Sam did^njt* win a single event yesterday. That fiidix Didrikson wh< _ ^ n the eighty yard hurdles. y Nevertheless Uncle Sam is so far in front that one barren day did>M' disturb his lead. fiidix Didrikson wh< GOLD i F) Here^ something itoGtxsaa^iix to excite your ambition. ±fe&XBx±2x&&8 There is twenty-eight thousand million million dollars worth of gold in the ocean. I don,t know if I^ve read that correctly. You might figure it out for yourselves. In figures it reads* twenty^eight with fifteen noughts after This means gold actually in the waters of the ocean which can be extracted by chemical process. What it amounts to is that there is about fourteen million dollars worth for every man*woman and child on earth. A dispatch to the Trenton Times relates that this estimate has been made by the National Research Council. The ocean belongs to everybody, so you are welcome to try to get your share. But there*s a catch in it. We might have known that. The catch is that experiments show that in order to get five dollars worth of gold out of sea water, you've A got to put in several years* work and spend, fifty thousand dollars. sr 0 te cr*.;/ So ~~ n, r - ft I guess -trtfcfc wait a while for ay share. A ^ -- GARDENS Here s a story that seemed to me to be of particular interest in these times. I found it not in a big metropolitan newspaper, but in the Sunday Courtier of Poughkeepsie,. New York, The Courtier, by the way, is a neighbor of mine. Well, I pulled the Sunday Courrier out of a large stack of papers on my desk today, this being the first I*ve 75,000 people are being nourished by relief gardens in New York in the Union is promoting and encouraging these relief gardens. There are twelve thousand and fifteen of them in New York alone. As a matter of fact, see some ux ^ A State Building. In addition to these relief gardens, there are 145 acres in use as community gardens in vaiious industrial had time to catch learn that no less than , vc^eause practically every state them from - my in the towner of the Empire A A GARDEN S S districts or state, and Drom these^many ^tfaea? families are being supplied with fresh vegetables. One interesting feature is that they do not interfere with the professional truck gardener. The food that is produced by the relief gardens finds its way only to the tables of the unemployed. Evidently they are being well mangged. The story in the Courfier says that for each five dollars spent in a garden therebeen a yield of thirty dollars worth of produce. This means a gain of five hundred per cent. They are being by the emergency relief administration under the advice of agricultural experts from Cornell University. There's a many sided advantage in this enterprise. In the first place, hstve^sa 1 cry it feeds the unemployed. It also gives them something to do, and does away with the loss of self respect which any man feels when he is out of a job. It also reduces the amount of money which state and V GARDENS - 3 local governments have to shell out for the support of the jobless. The movement is gaining headway all over the country and is one of the significant developments of recent months. CLOTHES Here * s something about fashions that '\ interest men as well as wojaen. The news from Paris is that evening gowns are now all fastened with buttons. But the wearer can't dress herself. For nobody knows what reasons, the buttons are placed. The mind of a Parisian fashion designer is to me one of the most curious things in the world. Another thing that may interest you is that belts are lower in the back, but waist-high in front . 3jLKi£±±x$j£XEX Jewel studded belts are going to be worn quite a good deal^ As for skirts, the tendency is to have them longer even for sport and afternoon wear. Some of the French fashion designers are combining ermine with skunk and are using it to trim tweedy lafnrm-ed-^—i-s— oonsld-ered- a sh^ckA.ng - thing to-4». ^ But does 4 anybody expect sanity from trench fashion designers. PANTS ^nd while we•re on the subject of clothes, here's an amusine thing fron Chicago, though it was not so amusing to the victim, It appears today that on the wind-swept shore of Lake Michigan, a man's pants are not safe even if he is wearing them, A gentleman had his britches taken away last night right at the corner of Michigan Boulevard and Madison, one of the bu slest co rner s in al1 the wo rid. The victim said it wouldn't have been so bad except that they were new pants, and he's still paying for them on the installment plan MOTORS And here's one for motor car drivers. There is a moveraen'1" on t oot to compel the use of horns on your car that will make a harmonious noise Instead of the raucous warning sounds they oroduce today. ^ dispatch to the Automotive Daily News from Pris says that the International Electrical Congress there discussed this matter, and urges the use of automobile horns devised with prooer attention +o the laws of harmonics. A French scientist told the Congress that it was not the volume of the hullaballoo oroduced by the horns w-hich jars our ears, but the quality of the tone. It seems that the human ear is not an exact instrument. This exnert also told the Con­ gress what the United States, France and Germany have done in the way of suooressing unnecessary noise. Maybe in a year or so you'll have a horn on your car that will play for you. As for me, I hear the pleasing strains of Home Sweet Home, so I»m going to fill up my tank with Sunoco, and say — SO LONG UNTIL MONDAY.